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CONTRACT COMMITMENTS (Details)
1 Months Ended
Mar. 31, 2006
lb
Dec. 31, 2012
lb
Itochu
   
CONTRACT COMMITMENTS    
Percentage of actual production from properties in Texas currently owned or hereafter acquired, required to be delivered 50.00%  
Total Uranium deliveries from inception of the contracts through December 31, 2012 (in pounds)   510,000
Period prior to the date of delivery based on which average spot price is calculated to determine the sales price of Texas production 56 days  
Amount reduced from average spot price for the eight weeks prior to the date of delivery to determine the sale price of Texas production (in dollars per pound) 7.5  
Floor for the spot price at which Texas production will be sold (in dollars per pound) 37  
Ceiling for the price at which Texas production will be sold (in dollars per pound) 43  
Spot price per pound above which price will be increased by 50% of such excess 50  
Percentage of excess of spot price over $50 per pound by which sale price of Texas production will be increased 50.00%  
Amount of deliveries from Texas production to which floor, ceiling and sharing arrangement over the ceiling applies (in pounds) 3,650,000  
Notice period to cancel deliveries from Texas production 6 months  
UG
   
CONTRACT COMMITMENTS    
Percentage of actual production from properties in Texas currently owned or hereafter acquired, required to be delivered 50.00%  
Total Uranium deliveries from inception of the contracts through December 31, 2012 (in pounds)   480,000
Amount reduced from average spot price for the eight weeks prior to the date of delivery to determine the sale price of Texas production (in dollars per pound) 6  
Amount of sale in a particular delivery year at a price equal to the month-end long-term contract price for the second month prior to the month of delivery less $6 per pound until specified amount of Texas production is sold (in pounds) 600,000  
Aggregate amount of sale to be made at a price equal to the month-end long-term contract price for the second month prior to the month of delivery less $6 per pound until specified amount of Texas production is sold (in pounds) 3,000,000  
Percentage of amount reduced from the average spot price for a period prior to the date of delivery at which right of first refusal to purchase other Texas production can be exercised 4.00%