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Description of the Company
12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of the Company

1. DESCRIPTION OF THE COMPANY

 

The Company is a uranium exploration, development and production company. We were organized in 1977 to acquire and develop uranium mines in South Texas using the ISR process. We have historically produced uranium by ISR methods in the state of Texas where the Company currently has ISR projects, including two licensed processing facilities. We also have mineral holdings in New Mexico and an NRC license to produce up to three million pounds per annum of uranium on certain of our New Mexico projects. We acquired these properties over the past 20 years along with an extensive information database of historic drill-hole logs and analysis. None of our properties are currently in production.