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ACQUISITION OF THE ALTA MESA ISR PROJECT (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