XML 36 R18.htm IDEA: XBRL DOCUMENT v3.2.0.727
Subsequent Events
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events

12. SUBSEQUENT EVENTS

 

Butler Ranch Data Purchase

 

On July 7, 2015, the Company acquired an extensive data set containing historical mineral resource estimates as well as over 2,000 drill logs, geologic and other data for the Butler Ranch Project. The data set was prepared by Conoco, the former project operator, and was acquired from a private party for $150,000.

 

Agreement to Sell Roca Honda Assets to Energy Fuels Inc.

 

On July 31, 2015 the Company completed the sale of the Company’s remaining Roca Honda project assets to Energy Fuels Inc. for $2,500,000 in cash, $375,000 in Energy Fuels Inc’s NYSE MKT-listed shares (amounting to 76,455 UUUU shares) plus other non-cash consideration.