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PLANT AND EQUIPMENT AND MINERAL PROPERTIES | 3 Months Ended
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Mar. 31, 2016
PLANT AND EQUIPMENT AND MINERAL PROPERTIES [Text Block] | 6. PLANT AND EQUIPMENT AND MINERAL PROPERTIES The following is a summary of plant and equipment:
|  |  |  |  | March 31, |  |  |  |  |  |  |  |  | December 31, |  |  |  |
|  |  |  |  | 2016 |  |  |  |  |  |  |  |  | 2015 |  |  |  |
|  |  |  |  | Accumulated |  |  |  |  |  |  |  |  | Accumulated |  |  | Net Book |
|  | Cost |  |  | Depreciation |  |  | Net Book Value |  |  | Cost |  |  | Depreciation |  |  | Value |
Plant and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nichols Ranch | $ | 29,210 |  | $ | (3,472 | ) | $ | 25,738 |  | $ | 29,210 |  | $ | (2,370 | ) | $ | 26,840 |
Equipment and other |  | 13,198 |  |  | (11,021 | ) |  | 2,177 |  |  | 13,107 |  |  | (10,878 | ) |  | 2,229 |
Plant and equipment total | $ | 42,408 |  | $ | (14,493 | ) | $ | 27,915 |  | $ | 42,317 |  | $ | (13,248 | ) | $ | 29,069 |
The net book value for Nichols Ranch includes the value ascribed to the processing plant and equipment. The mineral properties acquired as part of the acquisition of Uranerz Energy Corporation ("Uranerz") in 2015 are recorded as mineral properties, as the Company does not have proven and probable reserves under SEC Industry Guide 7. Accordingly, all subsequent expenditures at the Nichols Ranch plant and equipment, which do not have any alternative use, and expenditures on mineral properties are expensed as incurred. For the three months ended March 31, 2016, the Company recorded $1.10 million ( 2015 —Nil) of depreciation expense related to Nichols Ranch, which is included in the costs and expenses applicable to revenue in the Statement of the operations and comprehensive income for the three months ended March 31, 2016. The following is a summary of mineral properties:
|  | March 31, |  |  | December 31, |
|  | 2016 |  |  | 2015 |
Mineral properties |  |  |  |  |  |
In-situ Recovery |  |  |  |  |  |
Uranerz ISR properties | $ | 36,065 |  | $ | 36,096 |
In-situ Recovery total | $ | 36,065 |  | $ | 36,096 |
Conventional |  |  |  |  |  |
Sheep Mountain |  | 34,183 |  |  | 34,183 |
Roca Honda |  | 19,465 |  |  | 19,465 |
Other |  | 1,287 |  |  | 1,287 |
Conventional total |  | 54,935 |  |  | 54,935 |
Mineral Properties total | $ | 91,000 |  | $ | 91,031 |

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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