Geographic and Segment Information

9 Months Ended

Sep. 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 $31.4 million and $42.4 million as of September 30, 2018 and December 31, 2017, respectively. The long-term assets located in the United States totaled $31.4 million or 100% and $24.4 million or 58% of total long-term assets as of September 30, 2018 and December 31, 2017, respectively. The Company reported no revenues during the three and nine months ended September 30, 2018 and September 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 reportable segments as of September 30, 2018 and December 31, 2017:

	September 30, 2018
(thousands of dollars)	Corporate		Uranium		Lithium		Graphite		Total
Net property, plant and equipment	$	175	$	17,171	$	-	$	8,972	$	26,318
Restricted cash		-		3,668		-		-		3,668
Notes receivable, non-current		-		1,368		-		-		1,368
Total long-term assets	$	175	$	22,207	$	-	$	8,972	$	31,354

	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 reportable segments for the three months ended September 30, 2018 and September 30, 2017. Non-mining activities and other administrative operations are reported in the Corporate column.

	Three Months Ended September 30, 2018
(thousands of dollars)	Corporate			Uranium			Lithium			Graphite			Total
Statement of Operations
Mineral property expenses	$	-		$	600		$	317		$	38		$	955
General and administrative expenses		1,184			478			-			141			1,803
Accretion of asset retirement costs		-			133			-			-			133
Depreciation and amortization		1			26			-			-			27
		1,185			1,237			317			179			2,918
Loss from operations		(1,185	)		(1,237	)		(317	)		(179	)		(2,918	)
Other (expense) income		(246	)		27			-			-			(219	)
Loss before taxes	$	(1,431	)	$	(1,210	)	$	(317	)	$	(179	)	$	(3,137	)

	Three Months Ended September 30, 2017
(thousands of dollars)	Corporate			Uranium			Lithium			Graphite		Total
Statement of Operations
Mineral property expenses	$	-		$	625		$	691		$	-	$	1,316
General and administrative		1,280			420			-			-		1,700
Accretion of asset retirement costs		-			132			-			-		132
Depreciation and amortization		3			24			-			-		27
		1,283			1,201			691			-		3,175
Loss from operations		(1,283	)		(1,201	)		(691	)		-		(3,175	)
Other income		185			6			-			-		191
Loss before taxes	$	(1,098	)	$	(1,195	)	$	(691	)	$	-	$	(2,984	)

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

	Nine Months Ended September 30, 2018
(thousands of dollars)	Corporate			Uranium			Lithium			Graphite			Total
Statement of Operations
Mineral property expenses	$	-		$	2,204		$	455		$	47		$	2,706
General and administrative expenses		3,901			1,383			-			378			5,662
Acquisition costs		333			-			-			-			333
Accretion of asset retirement costs		-			401			-			-			401
Impairment of uranium properties		-			17,968			-			-			17,968
Depreciation and amortization		3			90			-			1			94
		4,237			22,046			455			426			27,164
Loss from operations		(4,237	)		(22,046	)		(455	)		(426	)		(27,164	)
Other income		7			144			-			-			151
Loss before taxes	$	(4,230	)	$	(21,902	)	$	(455	)	$	(426	)	$	(27,013	)

	Nine Months Ended September 30, 2017
(thousands of dollars)	Corporate			Uranium			Lithium			Graphite		Total
Statement of Operations
Mineral property expenses	$	-		$	2,596		$	1,041		$	-	$	3,637
General and administrative expenses		3,799			1,177			-			-		4,976
Accretion of asset retirement costs		-			395			-			-		395
Depreciation and amortization		4			100			-			-		104
		3,803			4,268			1,041			-		9,112
Loss from operations		(3,803	)		(4,268	)		(1,041	)		-		(9,112	)
Other income		385			4,949			-			-		5,334
(Loss) Income before taxes	$	(3,418	)	$	681		$	(1,041	)	$	-	$	(3,778	)