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Property, Plant and Equipment (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
PROPERTY, PLANT AND EQUIPMENT    
Schedule of Property, Plant and Equipment

 

 

Net Book Value of Property, Plant and Equipment at March 31, 2019

(thousands of dollars)

    

Turkey

    

Texas

    

Alabama

    

New Mexico

    

Corporate

    

Total

Uranium plant

 

$

 —

 

$

3,143

 

$

 —

 

$

 —

 

$

 —

 

$

3,143

Mineral rights and properties

 

 

 —

 

 

 —

 

 

8,972

 

 

7,806

 

 

 —

 

 

16,778

Other property, plant and equipment

 

 

 7

 

 

451

 

 

 —

 

 

 —

 

 

150

 

 

608

Total

 

$

 7

 

$

3,594

 

$

8,972

 

$

7,806

 

$

150

 

$

20,529

 

 

Net Book Value of Property, Plant and Equipment at December 31, 2018

(thousands of dollars)

    

Turkey

    

Texas

    

Alabama

    

New Mexico

    

Corporate

    

Total

Uranium plant

 

$

 —

 

$

3,256

 

$

 —

 

$

 —

 

$

 —

 

$

3,256

Mineral rights and properties

 

 

 —

 

 

 —

 

 

8,973

 

 

7,806

 

 

 —

 

 

16,779

Other property, plant and equipment

 

 

 8

 

 

348

 

 

 —

 

 

 —

 

 

162

 

 

518

Total

 

$

 8

 

$

3,604

 

$

8,973

 

$

7,806

 

$

162

 

$

20,553

   Net Book Value of Property, Plant and Equipment at December 31, 2018 
(thousands of dollars)  Turkey   Texas   Alabama   New Mexico   Corporate   Total 
Uranium plant  $-   $3,256   $-   $-   $-   $3,256 
Mineral rights and properties   -    -    8,973    7,806    -    16,779 
Other property, plant and equipment   8    348    -    -    162    518 
       Total  $8   $3,604   $8,973   $7,806   $162   $20,553 
                               
                               
   Net Book Value of Property, Plant and Equipment at December 31, 2017 
                               
(thousands of dollars)  Turkey   Texas   Alabama   New Mexico   Corporate   Total 
Uranium plant  $-   $8,304   $-   $-   $-   $8,304 
Mineral rights and properties   17,968    -    -    7,806    -    25,774 
Other property, plant and equipment   11    1,109    -    -    211    1,331 
       Total  $17,979   $9,413   $-   $7,806   $211   $35,409 
                               

 

(Note: Acreage amounts are unaudited.)

Summary of Impairment Expense by Project  

The Company recorded the following impairment charges for 2018 and 2017 related to its uranium projects and processing facilities:

 

   For the years ended December 31, 
   2018   2017 
   (thousands of dollars) 
Kingsville Dome project  $2,978   $140 
Rosita project   2,545    - 
Vasquez project   221    - 
Temrezli project   17,968    - 
Cebolleta/Juan Tafoya project   -    11,296 
   Total Impairment  $23,712   $11,436 

Schedule of Mineral Property Expenses

        Mineral property expenditures by geographical location for the three months ended March 31, 2019 and 2018 are as follows:

 
  For the Three
Months Ended
Mar 31,
 
 
  2019   2018  
 
  (thousands of dollars)
 

Temrezli project, Turkey

  $   $ 79  

Total Turkey projects

        79  

Kingsville Dome project, Texas

   
244
   
251
 

Rosita project, Texas

    117     197  

Vasquez project, Texas

    186     235  

Other projects, Texas

        6  

Total Texas projects

    547     689  

Cebolleta project, New Mexico

   
   
 

Juan Tafoya project, New Mexico

    6     6  

Total New Mexico projects

    6     6  

Columbus Basin project, Nevada

   
   
2
 

Railroad Valley project, Nevada

        4  

Total Nevada projects

        6  

Sal Rica project, Utah

   
1
   
2
 

Total Utah projects

    1     2  

Coosa project, Alabama

   
80
   
 

Total Alabama Projects

    80      

Total expense for the period

  $ 634     782  

The Company spent the following amounts for each of its material properties:

 

   For the year ended December 31, 
   2018   2017 
   (thousands of dollars) 
Temrezli project, Turkey  $117   $261 
Total Turkey projects   117    261 
           
Kingsville Dome project, Texas   800    810 
Rosita project, Texas   738    590 
Vasquez project, Texas   631    572 
Other projects, Texas   20    71 
Total Texas projects   2,189    2,043 
           
Cebolleta project, New Mexico   389    538 
Juan Tafoya project, New Mexico   223    542 
Total New Mexico projects   612    1,080 
           
Columbus Basin project, Nevada   249    866 
Railroad Valley, Nevada   90    241 
Total Nevada projects   339    1,107 
           
Sal Rica project, Utah   141    93 
Total Utah projects   141    93 
           
Coosa project, Alabama   140    - 
Total Alabama projects   140    - 
           
Total expense for the period  $3,538   $4,584