RESTATEMENT (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of effects of the restatement adjustments on financial statements

Consolidated Balance Sheet

	June 30, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Assets
Property, plant and equipment	109,566,339		(9,647,304	)	99,919,035
Total Assets	53,837,593		(9,647,304	)	44,190,289
Shareholders’ equity
Accumulated deficit	(170,199,086	)	(9,647,304	)	(179,846,390	)
Total shareholders’ equity	46,316,280		(9,647,304	)	36,668,976
Total liabilities and shareholders’ equity	53,837,593		(9,647,304	)	44,190,289

Consolidated Statement of Operations

	Three Months Ended June 30, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	652,455		350,114		1,002,569
Total cost of uranium sales	1,854,942		350,114		2,205,056
Loss from operations before corporate expenses	(1,854,942	)	(350,114	)	(2,205,056	)
Loss from operations	(3,831,987	)	(350,114	)	(4,182,101	)
Net loss	(3,846,586	)	(350,114	)	(4,196,700	)

Basic and diluted net loss per common share	(0.19	)	(0.02	)	(0.21	)

Consolidated Statement of Operations

	Six Months Ended June 30, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	751,360		672,969		1,424,329
Total cost of uranium sales	3,093,827		672,969		3,766,796
Loss from operations before corporate expenses	(3,093,827	)	(672,969	)	(3,766,796	)
Loss from operations	(7,752,087	)	(672,969	)	(8,425,056	)
Net loss	(7,997,178	)	(672,969	)	(8,670,147	)

Basic and diluted net loss per common share	(0.43	)	(0.04	)	(0.47	)

Consolidated Statement of Cash Flows

	Six Months Ended June 30, 2013
	As Reported		Adjustment		As Restated
	$		$		$
Net Loss	(7,997,178	)	(672,969	)	(8,670,147	)
Additions to uranium properties	(788,213	)	672,969		(115,244	)

Consolidated Statement of Operations

	Three Months Ended June 30, 2012
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	30,744		1,573,386		1,604,130
Total cost of uranium sales	1,571,642		1,573,386		3,145,028
Loss from operations before corporate expenses	(1,571,642	)	(1,573,386	)	(3,145,028	)
Loss from operations	(3,787,151	)	(1,573,386	)	(5,360,537	)
Net Loss	(3,660,679	)	(1,573,386	)	(5,234,065	)
Basic and diluted net loss per common share	(0.34	)	(0.15	)	(0.49	)

Consolidated Statement of Operations

	Six Months Ended June 30, 2012
	As Reported		Adjustment		As Restated
	$		$		$
Mineral property expenses	57,459		2,176,581		2,234,040
Total cost of uranium sales	2,227,129		2,176,581		4,403,710
Loss from operations before corporate expenses	(2,227,129	)	(2,176,581	)	(4,403,710	)
Loss from operations	(7,487,658	)	(2,176,581	)	(9,664,239	)
Net loss	(7,267,149	)	(2,176,581	)	(9,443,730	)
Basic and diluted net loss per common share	(0.71	)	(0.21	)	(0.92	)

Consolidated Statement of Cash Flows

	Six Months Ended June 30, 2012
	As Reported		Adjustment		As Restated
	$		$		$
Net loss	(7,267,149	)	(2,176,581	)	(9,443,730	)
Additions to uranium properties	(3,155,448	)	2,176,581		(978,867	)

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

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