RESTATEMENT (Tables)

9 Months Ended

Sep. 30, 2013

RESTATEMENT

Schedule of effects of the restatement adjustments on financial statements

Consolidated Balance Sheet

	September 30, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Assets
Property, plant and equipment	108,862,877		(8,970,931	)	99,891,946
Total Assets	49,802,689		(8,970,931	)	40,831,758
Shareholders’ equity
Accumulated deficit	(174,148,350	)	(8,970,931	)	(183,119,281	)
Total shareholders’ equity	42,482,986		(8,970,931	)	33,512,055
Total liabilities and shareholders’ equity	49,802,689		(8,970,931	)	40,831,758

Consolidated Statement of Operations

	Three Months Ended September 30, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	282,478		89,506		371,984
Impairment of uranium properties	769,580		(765,879	)	3,701
Total cost of uranium sales	1,793,615		(676,373	)	1,117,242
Loss from operations before corporate expenses	(1,793,615	)	676,373		(1,117,242	)
Loss from operations	(4,001,108	)	676,373		(3,324,735	)
Net loss	(3,949,264	)	676,373		(3,272,891	)
Basic and diluted net loss per common share	(0.20	)	0.04		(0.16	)

Consolidated Statement of Operations

	Nine Months Ended September 30, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	1,033,838		762,475		1,796,313
Impairment of uranium properties	1,449,235		(765,879	)	683,356
Total cost of uranium sales	4,887,442		(3,404	)	4,884,038
Loss from operations before corporate expenses	(4,887,442	)	3,404		(4,884,038	)
Loss from operations	(11,753,195	)	3,404		(11,749,791	)
Net loss	(11,946,442	)	3,404		(11,943,038	)
Basic and diluted net loss per common share	(0.63	)	0.00		(0.63	)

Consolidated Statement of Cash Flows

	Nine Months Ended September 30, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Net loss	(11,946,442	)	3,404		(11,943,038	)
Impairment of uranium properties	1,449,235		(765,879	)	683,356
Additions to uranium properties	(884,640	)	762,475		(122,165	)

Consolidated Statement of Operations

	Three Months Ended September 30, 2012
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	12,402		969,255		981,657
Total cost of uranium sales	1,199,786		969,255		2,169,041
Loss from operations before corporate expenses	(1,199,786	)	(969,255	)	(2,169,041	)
Loss from operations	(4,235,360	)	(969,255	)	(5,204,615	)
Net loss	(4,220,914	)	(969,255	)	(5,190,169	)
Basic and diluted net loss per common share	(0.34	)	(0.08	)	(0.42	)

Consolidated Statement of Operations

	Nine Months Ended September 30, 2012
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	69,861		3,145,836		3,215,697
Total cost of uranium sales	3,426,915		3,145,836		6,572,751
Loss from operations before corporate expenses	(3,426,915	)	(3,145,836	)	(6,572,751	)
Loss from operations	(11,723,018	)	(3,145,836	)	(14,868,854	)
Net loss	(11,488,063	)	(3,145,836	)	(14,633,899	)
Basic and diluted net loss per common share	(1.05	)	(0.29	)	(1.34	)

Consolidated Statement of Cash Flows

	Nine Months Ended September 30, 2012
	As Reported		Adjustment		As Restated
	$		$		$
Net loss	(11,488,063	)	(3,145,836	)	(14,633,899	)
Additions to uranium properties	(4,278,130	)	3,145,836		(1,132,294	)