Decline In Grant Income And Funding SensitivityA decrease in grant income contributed to the reported loss, highlighting sensitivity to external funding and potential reliance on dilutive capital if grant support does not return.
Legal And Permitting RiskA lawsuit filed by the Nez Perce Tribe challenging federal approvals could delay permits or trigger additional regulatory review, increasing development uncertainty for the project.
Rising Exploration Costs And LossesSignificantly larger net losses driven by higher exploration spending pressure corporate cash flow and could increase the need for additional financing.