XML 98 R34.htm IDEA: XBRL DOCUMENT
v3.7.0.1

ACQUISITION OF URANERZ ENERGY CORPORATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Business Combinations [Abstract] |
Schedule of Business Acquisition | The aggregate fair values of assets acquired and liabilities assumed were as follows on the acquisition date:
Issuance of 4,551,824 common shares | $ | 11,378 |
Transaction costs | 1,290 |
Purchase consideration | $ | 12,668 |
The purchase price was allocated as follows: |
Plant and equipment (a) | $ | 13,626 |
Inventories | 177 |
Restricted cash | 4,532 |
Accounts payable and accrued liabilities | (213 | )
Asset retirement obligation | (5,454 | )
Net identifiable assets | $ | 12,668 |
(a) | The plant and equipment includes the value ascribed to the processing plant and equipment. The mineral properties acquired as part of the acquisition of Alta Mesa in 2016 do not have proven and probable reserves under SEC Industry Guide 7. Accordingly, all subsequent expenditures at the Alta Mesa Project and equipment, which do not have any alternative use, and expenditures on mineral properties are expensed as incurred.
final allocation of the purchase price, based on the fair value of assets acquired and liabilities assumed on June 18, 2015, is summarized in the following table:
Purchase price |
Issuance of 24,457,773 common shares for replacement of Uranerz common shares | $ | 101,744 |
Issuance of 2,690,250 warrants for replacement of Uranerz warrants (Note 12) | 915 |
Issuance of 2,040,408 options for replacement of Uranerz share based options (Note 12) | 3,681 |
| $ | 106,340 |
Uranerz purchase price allocation |
Cash and cash equivalents | $ | 2,459 |
Inventories | 3,742 |
Prepaid expenses and other assets | 402 |
Plant and equipment | 29,974 |
Mineral properties | 36,563 |
Intangible assets - customer contracts | 10,600 |
Restricted cash | 2,100 |
Accounts payable and accrued liabilities | (2,280 | )
Loans and borrowings | (18,813 | )
Asset retirement obligation | (2,145 | )
Non-controlling interest | (3,992 | )
Goodwill | 47,730 |
Total purchase consideration | $ | 106,340 |

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=56956515&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration