Geographic and Segment Information

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Geographic and Segment Information

12. GEOGRAPHIC AND SEGMENT INFORMATION

The Company currently operates in two reportable segments, which are uranium and lithium mining activities, including exploration, standby operations and restoration and reclamation activities. As a part of these activities, the Company also explores, evaluates and, if warranted, permits uranium and lithium properties. The Company’s long-term assets were $41.6 million and $42.4 million as of March 31, 2018 and December 31, 2017, respectively. The long-term assets located in the United States totaled $23.6 million or 57% and $24.4 million or 58% of total long-term assets as of March 31, 2018 and December 31, 2017, respectively. The Company reported no revenues during the three months ended March 31, 2018 and March 31, 2017.

The reportable segments are those operations whose operating results are reviewed by the Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance provided those operations pass certain quantitative thresholds. Operations whose revenues, earnings or losses or assets exceed or are expected to exceed 10% of the total consolidated revenue, earnings or losses or assets are reportable segments. Information about current assets and liabilities of the segments has not been provided because the information is not used to assess performance.

	March 31, 2018
(thousands of dollars)	Corporate		Uranium		Lithium		Total
Net property, plant and equipment	$	198	$	35,177	$	-	$	35,375
Restricted cash		-		3,668		-		3,668
Notes receivable, non-current		1,431		1,117		-		2,548
Total long term assets	$	1,629	$	39,962	$	-	$	41,591

	December 31, 2017
(thousands of dollars)	Corporate		Uranium		Lithium		Total
Net property, plant and equipment	$	211	$	35,198	$	-	$	35,409
Restricted cash		-		3,668		-		3,668
Notes receivable, non-current		834		2,494		-		3,328
Total long term assets	$	1,045	$	41,360	$	-	$	42,405

Non-mining activities and other administrative operations are reported in the Corporate column. The table below provides a breakdown of the long-term assets by geographic segments as of March 31, 2018 and December 31, 2017:

	March 31, 2018
(thousands of dollars)	Corporate			Uranium			Lithium			Total
Statement of Operations
Mineral property expenses	$	-		$	774		$	8		$	782
General and administrative		1,353			452			-			1,805
Acquisition related expenses		755			-			-			755
Accretion of asset retirement costs		-			134			-			134
Depreciation and amortization		1			33			-			34
		2,109			1,393			8			3 510
Loss from operations		(2,109	)		(1,393	)		(8	)		(3,510	)
Other income		81			10			-			91
Loss before taxes	$	(2,028	)	$	(1,383	)	$	(8	)	$	(3,419	)

	March 31, 2017
(thousands of dollars)	Corporate			Uranium			Lithium			Total
Statement of Operations
Mineral property expenses	$	-		$	648		$	121		$	769
General and administrative		1,312			356			-			1,668
Accretion of asset retirement costs		-			132			-			132
Depreciation and amortization		1			37			-			38
		1,313			1,173			121			2,607
Loss from operations		(1,313	)		(1,173	)		(121	)		(2,607	)
Other (expense) income		(39	)		4,491			-			4,452
Income (loss) before taxes	$	(1,352	)	$	3,318		$	(121	)	$	1,845