Geographic and Segment Information

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Geographic and Segment Information

13. GEOGRAPHIC AND SEGMENT INFORMATION

The Company currently operates in three reportable segments, which are uranium, lithium and graphite 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, lithium and graphite properties. The Company’s long-term assets were $31.3 million and $42.4 million as of June 30, 2018 and December 31, 2017, respectively. The long-term assets located in the United States totaled $31.3 million or 100% and $24.4 million or 58% of total long-term assets as of June 30, 2018 and December 31, 2017, respectively. The Company reported no revenues during the three and six months ended June 30, 2018 and June 30, 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.

The table below provides a breakdown of the long-term assets by geographic segments as of June 30, 2018 and December 31, 2017:

	June 30, 2018
(thousands of dollars)	Corporate		Uranium		Lithium		Graphite		Total
Net property, plant and equipment	$	187	$	17,186	$	-	$	8,973	$	26,346
Restricted cash		-		3,668		-		-		3,668
Notes receivable, non-current		-		1,242		-		-		1,242
Total long-term assets	$	187	$	22,096	$	-	$	8,973	$	31,256

	December 31, 2017
(thousands of dollars)	Corporate		Uranium		Lithium		Graphite		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

The table below provides a breakdown of the geographic segments for the three months ended June 30, 2018 and June 30, 2017. Non-mining activities and other administrative operations are reported in the Corporate column.

	Three Months Ended June 30, 2018
(thousands of dollars)	Corporate			Uranium			Lithium			Graphite			Total
Statement of Operations
Mineral property expenses	$	-		$	830		$	130		$	9		$	969
General and administrative expenses		1,364			453			-			237			2,054
Acquisition costs		(422	)		-			-			-			(422	)
Accretion of asset retirement costs		-			134			-			-			134
Impairment of uranium properties		-			17,968			-			-			17,968
Depreciation and amortization		1			31			-			1			33
		943			19,416			130			247			20,736
Loss from operations		(943	)		(19,416	)		(130	)		(247	)		(20,736	)
Other income		172			107			-			-			279
Loss before taxes	$	(771	)	$	(19,309	)	$	(130	)	$	(247	)	$	(20,457	)

	Three Months Ended June 30, 2017
(thousands of dollars)	Corporate			Uranium			Lithium			Graphite		Total
Statement of Operations
Mineral property expenses	$	-		$	1,323		$	229		$	-	$	1,552
General and administrative		1,207			401			-			-		1,608
Accretion of asset retirement costs		-			131			-			-		131
Depreciation and amortization		-			39			-			-		39
		1,207			1,894			229			-		3,330
Loss from operations		(1,207	)		(1,894	)		(229	)		-		(3,330	)
Other income		239			452			-			-		691
Loss before taxes	$	(968	)	$	(1,442	)	$	(229	)	$	-	$	(2,639	)

The table below provides a breakdown of the geographic segments for the six months ended June 30, 2018 and June 30, 2017. Non-mining activities and other administrative operations are reported in the Corporate column.

	Six Months Ended June 30, 2018
(thousands of dollars)	Corporate			Uranium			Lithium			Graphite			Total
Statement of Operations
Mineral property expenses	$	-		$	1,604		$	138		$	9		$	1,751
General and administrative expenses		2,717			905			-			237			3,859
Acquisition costs		333			-			-			-			333
Accretion of asset retirement costs		-			268			-			-			268
Impairment of uranium properties		-			17,968			-			-			17,968
Depreciation and amortization		2			64			-			1			67
		3,052			20,809			138			247			24,246
Loss from operations		(3,052	)		(20,809	)		(138	)		(247	)		(24,246	)
Other income		253			117			-			-			370
Loss before taxes	$	(2,799	)	$	(20,692	)	$	(138	)	$	(247	)	$	(23,876	)

	Six Months Ended June 30, 2017
(thousands of dollars)	Corporate			Uranium			Lithium			Graphite		Total
Statement of Operations
Mineral property expenses	$	-		$	1,971		$	350		$	-	$	2,321
General and administrative expenses		2,519			757			-			-		3,276
Accretion of asset retirement costs		-			263			-			-		263
Depreciation and amortization		1			76			-			-		77
		2,520			3,067			350			-		5,937
Loss from operations		(2,520	)		(3,067	)		(350	)		-		(5,937	)
Other income		199			4,943			-			-		5,142
Loss before taxes	$	(2,321	)	$	1,876		$	(350	)	$	-	$	(795	)