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INVENTORIES

12 Months Ended

Dec. 31, 2019

Inventories

INVENTORIES

The inventories balance consists of:

				At December 31		At December 31
(in thousands)				2019		2018
Uranium concentrates			$	526	$	526
Inventory of ore in stockpiles				2,098		2,098
Mine and mill supplies in MLJV				2,826		3,058
			$	5,450	$	5,682
Inventories-by balance sheet presentation:
Current			$	3,352	$	3,584
Long term-ore in stockpiles				2,098		2,098
			$	5,450	$	5,682

Long-term ore in stockpile inventory represents an estimate of the amount of ore on the stockpile in excess of the next twelve months of planned mill production.

The uranium concentrate inventory has a fair market value, excluding selling costs, of $844,000 at December 31, 2019 ($1,011,000 - December 31, 2018).

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- Definition

The entire disclosure for inventories.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 2
-IssueDate 2019-01-01
-Section Disclosure
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=2&code=ifrs-tx-2019-en-r&doctype=Standard&dita_xref=IAS02_g36-39_TI
-URIDate 2019-03-27

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