Geographic and Segment Information

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Geographic and Segment Information

13. GEOGRAPHIC AND SEGMENT INFORMATION

We currently operate 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. At December 31, 2017, the long-term assets located in the United States totaled $24 million or 58% of our total long-term assets of $42 million. We reported no revenues during the years ended December 31, 2017 and 2016.

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 segment has not been provided because the information is not used to assess performance.

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:

	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

	December 31, 2016
(thousands of dollars)	Corporate		Uranium		Lithium		Total
Net property, plant and equipment	$	141	$	46,775	$	-	$	46,916
Restricted cash		-		3,964		-		3,964
Long-term assets held for sale		-		2,123		-		2,123
Total long-term assets	$	141	$	52,862	$	-	$	53,003

The following table provides a breakdown of our operating results by geographic segments for the years ended December 31, 2017 and 2016. All intercompany transactions have been eliminated.

	Year Ended December 31, 2017
(thousands of dollars)	Corporate			Uranium			Lithium			Total
Statement of Operations
Mineral property expenses	$	-		$	3,383		$	1,201		$	4,584
General and administrative		4,783			1,831			-			6,614
Acquisition related expenses		1,003			-			-			1,003
Accretion of asset retirment costs		-			1,039			-			1,039
Depreciation and amortization		5			137			-			142
Impairment of Uranium properties		-			11,436			-			11,436
		5,791			17,826			1,201			24,818
Loss from operations		(5,791	)		(17,826	)		(1,201	)		(24,818	)
Other income (expense)		585			4,944			1			5,530
Loss before taxes	$	(5,206	)	$	(12,882	)	$	(1,200	)	$	(19,288	)

	Year Ended December 31, 2016
(thousands of dollars)	Corporate			Uranium			Lithium			Total
Statement of Operations
Mineral property expenses	$	-		$	2,441		$	807		$	3,248
General and administrative		5,573			2,077			-			7,650
Accretion of asset retirment costs		-			480			-			480
Depreciation and amortization		8			239			-			247
Impairment of Uranium properties		-			1,673			-			1,673
		5,581			6,910			807			13,298
Loss from operations		(5,581	)		(6,910	)		(807	)		(13,298	)
Other income (expense)		(6,339	)		32			-			(6,307	)
Loss before taxes	$	(11,920	)	$	(6,878	)	$	(807	)	$	(19,605	)