Business acquisition purchase price description

The purchase price will be based on published market prices at the time of delivery subject to a five percent discount when the market price is $56.50 per pound of U3O8 or less, or seven percent when greater than $56.50 per pound.Under the UG contract all production from our Texas properties will be sold 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

3,000,000

Sale of contracts

600,000

Commitments and Contingencies (Details Narrative) - lb	1 Months Ended		12 Months Ended
Commitments and Contingencies (Details Narrative) - lb	Jul. 31, 2014	Jul. 31, 2013	Dec. 31, 2015
Business acquisition purchase price description			The purchase price will be based on published market prices at the time of delivery subject to a five percent discount when the market price is $56.50 per pound of U3O8 or less, or seven percent when greater than $56.50 per pound.Under the UG contract all production from our Texas properties will be sold 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
Market price on sales contracts, per pound		56.50
Sale of contracts			3,000,000
Percentage of average spot price		4.00%
Minimum [Member]
Percentage on published market prices		5.00%
Maximum [Member]
Percentage on published market prices		7.00%
Itochu Corporation [Member]
Acquisition amount on sales contracts			510,000
U.S.A Inc [Member]
Acquisition amount on sales contracts			480,000
Vasquez, Rosita or Kingsville Properties [Member]
Purchase on contracts		3,000,000
Texas Properties [Member]
Contract price of sales contracts, per pound	6
Sale of contracts			600,000