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PROPERTY, PLANT AND EQUIPMENT AND MINERAL PROPERTIES
 12 Months Ended
Dec. 31, 2021
Property, Plant and Equipment [Abstract]  
Plant and Equipment and Mineral Properties PROPERTY, PLANT AND EQUIPMENT AND MINERAL PROPERTIES
The following is a summary of property, plant and equipment:
December 31, 2021December 31, 2020
CostAccumulated
Depreciation		Net Book ValueCostAccumulated
Depreciation		Net Book
Value
Property, plant and equipment
Nichols Ranch$29,210 $(18,185)$11,025 $29,210 $(16,150)$13,060 
Alta Mesa13,626 (4,996)8,630 13,626 (4,088)9,538 
Equipment and other15,079 (12,751)2,328 13,528 (12,505)1,023 
Property, plant and equipment total$57,915 $(35,932)$21,983 $56,364 $(32,743)$23,621 
The net book value for the Nichols Ranch Project includes the value beyond proven and probable Mineral Reserves ascribed to the processing plant, the Nichols Ranch wellfields and the Jane Dough project upon acquisition.
For the year ended December 31, 2021, the Company recorded nil (December 31, 2020 - $0.51 million) of depreciation expense related to Nichols Ranch that was included in the capitalized costs to inventory on the Consolidated Balance Sheet.
The following is a summary of mineral properties:
 December 31, 2021December 31, 2020
Mineral properties
Uranerz ISR properties$25,974 $25,974 
Sheep Mountain34,183 34,183 
Roca Honda22,095 22,095 
Other1,287 1,287 
Mineral properties total$83,539 $83,539 

Disposal of certain properties
On July 15, 2021, the Company and CUR jointly announced the signing of a definitive asset purchase agreement (the “Agreement”) for CUR to acquire a portfolio of the Company's non-core conventional uranium projects located in Utah and Colorado, including the Daneros mine, the Tony M mine, the Rim mine, the Sage Plain project, and several U.S. Department of Energy leases (the “Sale”).
On October 27, 2021 (“Closing Date”), the parties closed the Sale in accordance with the terms of the Agreement, as a result of which the aforementioned properties and leases were transferred to CUR in exchange for the following consideration:
•$2,000,000 in cash on the Closing Date;
•the issuance of 11,860,101 Common Shares of CUR, constituting 19.9% of the outstanding CUR Common Shares immediately after the Closing Date, at a price per share of CDN$2.95 equal to the closing price of the CUR Common Shares on the TSX Venture Exchange (“TSXV”) on the last trading day immediately prior to issuance;
•an additional CDN$3,000,000 in cash payable on or before the 18-month anniversary of the Closing Date (“Second Payment”);
•an additional CDN$3,000,000 in cash payable on or before the 36-month anniversary of the Closing Date (“Third Payment” and together with the Second Payment, the “Deferred Cash Payments”); and
•the commitment to make production payments on a per-project basis totaling CDN$5,000,000 as set forth pursuant to individual production payment agreements executed on the Closing Date.
As part of the Agreement, the Company has entered into a mine operating agreement pursuant to which it will act, through its indirect wholly owned subsidiary Energy Fuels Resources (USA) Inc., as Operator to the Sale projects in accordance with a program and budget determined annually, in exchange for which the Company will receive reimbursement for all direct costs in addition to an overhead allocation and management fee. In addition, the Company has entered into a toll milling agreement pursuant to which it will process all ore mined from the properties at the Mill, in exchange for which the Company will receive reimbursement of direct costs in addition to a milling fee. Pursuant to an investor rights agreement, for so long as the Company’s equity ownership in CUR remains at or above 10%, it will be entitled to equity participation rights to maintain its pro-rata equity ownership in the Company and to appoint one nominee to the CUR Board of Directors. The Company’s CEO was appointed to the CUR Board of Directors at the Closing Date.
These non-core conventional uranium project assets had no carrying value at the Closing Date. The Company recognized a gain on the disposal of $35.73 million at the Closing Date and subsequently derecognized asset retirement obligations of $0.27 million prior to December 31, 2021 upon being legally released from being the primary obligor under the liabilities. For a period of three years, if CUR issues Common Shares or other securities convertible into Common Shares in a private placement or prospectus offering, the Company has the right to accelerate a portion of the Deferred Cash Payments, in cash or securities, up to a maximum amount equal to the product of (i) the gross proceeds of the financing multiplied by (ii) the Company’s then current cumulative percentage ownership of CUR common stock on a non-diluted basis prior to the completion of the financing (the “Acceleration Right”). On November 22, 2021, CUR completed such a financing under which the Company elected its Acceleration Right and received 1,875,085 Common Shares of CUR and 937,542 warrants to purchase Common Shares of
CUR which are exercisable for a period of two years from issuance at a price of Cdn$4.00. The receipt of these Common Shares and warrants satisfied the Second Payment in full and satisfied Cdn$1.97 million of the Third Payment.