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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment Reporting
SEGMENT INFORMATION
The Company is engaged in uranium extraction, recovery and sales of uranium from mineral properties and the recycling of uranium bearing materials generated by third parties. As a part of these activities the Company also acquires, explores, evaluates and, if warranted, permits uranium properties. The Company’s primary mining activities are in the United States.
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 10% of the total consolidated revenue, earnings or losses or assets are reportable segments. Information about assets and liabilities of the segment has not been provided because the information is not used to assess performance.
In order to determine reportable operating segments, management reviewed various factors, including geographical location and managerial structure. It was determined by management that a reportable operating segment generally consists of an individual property managed by a single general manager and management team. Finance income (expense), other income (expenses) are managed on a consolidated basis and are not allocated to operating segments.
The Company has two operating segments, the conventional uranium recovery segment (the “Conventional Uranium Segment”) and the in-situ uranium recovery segment (the “ISR Uranium Segment”).
Non-mining activities and other operations are reported in Corporate and other.
The Conventional Uranium Segment
The Conventional Uranium Segment consists of a standalone conventional uranium recovery facility (the “White Mesa Mill”), conventional mining projects in the vicinity of the White Mesa Mill located in the Colorado Plateau, Henry Mountains, Arizona Strip, and the Roca Honda Project (“Roca Honda”) in New Mexico, and the Sheep Mountain Project (“Sheep Mountain”) in Wyoming. At March 31, 2017 the conventional mining projects in the vicinity of the White Mesa Mill are on standby, being upgraded and evaluated for continued mining activities and/or in process of being permitted. The White Mesa Mill also processes third party uranium-bearing mineralized materials from mining and recycling activities.
The ISR Uranium Segment
The ISR Uranium Segment consists of an operating uranium recovery facility to recover concentrated uranium from wellfields of the Nichols Ranch Project located in Wyoming and a uranium recovery facility and wellfields maintained on standby as part of the Alta Mesa Project in Texas. The Nichols Ranch Project also includes the Jane Dough property and the Hank Project. Additionally, the segment includes other mineral properties in the vicinity of the Nichols Ranch Project and the Alta Mesa Project. The Nichols Ranch Project and surrounding assets were acquired as part of the Company’s 2015 acquisition of Uranerz Energy Corporation and the Alta Mesa Project was acquired in June of 2016.
The following tables set forth operating results by reportable segment for the three months ended March 31, 2017:
 
 
 
 
 
Non-Operating
 
 
 
Operating Segments
 
Segments
 
 
Three months ended March 31, 2017
Conventional
 
ISR
 
Corporate & Other
 
Total
Revenue
$
3,756

 
$
—

 
$
—

 
3,756

Costs and expenses applicable to revenue
2,071

 
—

 
—

 
2,071

Impairment of inventories
—

 
—

 
—

 
—

Development, permitting and land holding
2,912

 
411

 
—

 
3,323

Standby costs
429

 
777

 
—

 
1,206

Abandonment of mineral properties
—

 
245

 
—

 
245

Accretion of asset retirement obligation
170

 
175

 
—

 
345

Selling costs
70

 
—

 
—

 
70

Intangible asset amortization
205

 
—

 
—

 
205

General and administration
775

 
228

 
3,425

 
4,428

Total operating loss
(2,876
)
 
(1,836
)
 
(3,425
)
 
(8,137
)
 
 
 
 
 
 
 
 
Interest expense
—

 
—

 
(542
)
 
(542
)
Other expense
—

 
—

 
(1,917
)
 
(1,917
)
Net loss
$
(2,876
)
 
$
(1,836
)
 
$
(5,884
)
 
$
(10,596
)
Attributable to shareholders
$
(2,876
)
 
$
(1,748
)
 
$
(5,884
)
 
$
(10,508
)
Non-controlling interests
—

 
(88
)
 
—

 
(88
)
Net loss for the period
$
(2,876
)
 
$
(1,836
)
 
$
(5,884
)
 
$
(10,596
)