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Mineral Properties | 3 Months Ended
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Mar. 31, 2025
Mineral Properties |
Mineral Properties |
8. | Mineral Properties
The Company’s mineral properties consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Mineral Property Activity | ​ | Lost Creek Property | ​ | Shirley Basin Project | ​ | Other U.S. Properties | ​ | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 | ​ | 6,812 | ​ | 17,854 | ​ | 14,714 | ​ | 39,380
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Change in estimated reclamation costs | ​ | — | ​ | 74 | ​ | — | ​ | 74
Depletion and amortization | ​ | (271) | ​ | — | ​ | — | ​ | (271)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2025 | ​ | 6,541 | ​ | 17,928 | ​ | 14,714 | ​ | 39,183
​ Lost Creek Property The Company acquired certain Wyoming properties in 2005 when Ur-Energy USA Inc. purchased 100% of NFU Wyoming, LLC. Assets acquired in this transaction include the Lost Creek Project, other Wyoming properties, and development databases. NFU Wyoming, LLC was acquired for aggregate consideration of $20 million plus interest. Since 2005, the Company has increased its holdings adjacent to the initial Lost Creek acquisition through staking additional claims and making additional property purchases and leases. There is a royalty on each of the State of Wyoming sections under lease at the Lost Creek, LC West and EN Projects, as required by law. We are not recovering uranium oxide (“U3O8”) within the State section under lease at Lost Creek and therefore are not subject to royalty payments currently. Other royalties exist on certain mining claims at the LC South, LC East and EN Projects. There are no royalties on the mining claims in the Lost Creek, LC North, or LC West Projects. Shirley Basin Project The Company acquired additional Wyoming properties in 2013 when Ur-Energy USA Inc. purchased 100% of Pathfinder Mines Corporation (“Pathfinder”). Assets acquired in this transaction include the Shirley Basin property, other Wyoming properties, and development databases. Pathfinder was acquired for aggregate consideration of $6.7 million, the assumption of $5.7 million in estimated asset reclamation obligations, and other consideration. Other U.S. Properties Other U.S. properties include the acquisition costs of several prospective mineralized properties, which the Company continues to maintain through claim payments, lease payments, insurance, and other holding costs in anticipation of future exploration efforts. ​

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- Definition The entire disclosure for mineral industries. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 930 -SubTopic 715 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477692/930-715-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 930 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/930/tableOfContent + Details
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