XML 25 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
PLANT AND EQUIPMENT AND MINERAL PROPERTIES
 9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Plant and Equipment and Mineral Properties
PLANT AND EQUIPMENT AND MINERAL PROPERTIES
The following is a summary of plant and equipment:
 
September 30, 2016
 
December 31, 2015
 
Cost
 
Accumulated
Depreciation
 
Net Book Value
 
Cost
 
Accumulated
Depreciation
 
Net Book
Value
Plant and equipment
 
 
 
 
 
 
 
 
 
 
 
Nichols Ranch
$
29,210

 
$
(5,693
)
 
$
23,517

 
$
29,210

 
$
(2,370
)
 
$
26,840

Alta Mesa
13,680

 
(228
)
 
13,452

 
—

 
—

 
—

Equipment and other
13,171

 
(11,281
)
 
1,890

 
13,107

 
(10,878
)
 
2,229

Plant and equipment total
$
56,061

 
$
(17,202
)
 
$
38,859

 
$
42,317

 
$
(13,248
)
 
$
29,069


The following is a summary of mineral properties:
 
September 30, 2016
 
December 31, 2015
Mineral properties
 
 
 
In-situ recovery ("ISR")
 
 
 
Uranerz ISR properties
$
35,060

 
$
36,096

In-situ recovery total
$
35,060

 
$
36,096

Conventional
 
 
 
Sheep Mountain
34,183

 
34,183

Roca Honda (a)
22,095

 
19,465

Other
1,287

 
1,287

Conventional total
57,565

 
54,935

Mineral properties total
$
92,625

 
$
91,031

a)
On May 27, 2016, the Company issued 1,212,173 shares to acquire the remaining 40% interest of the Roca Honda project for consideration of $2.63 million and an additional $4.5 million in cash payable upon first commencement of commercial mineral extraction. The acquisition was accounted for as a purchase of assets as Roca Honda does not meet the definition of a business under ASC Topic 805, Business Combinations because Roca Honda does not currently have the resources, both inputs and processes, to apply to the Roca Honda property in order to extract uranium.