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Subsequent Event | 12 Months Ended
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Dec. 31, 2016
Subsequent Events [Abstract] |
Subsequent Event | 14. SUBSEQUENT EVENTS Laramide Asset Sale As discussed in Note 5 above, on January 5, 2017, the Company completed the sale of its wholly-owned subsidiary Hydro Resources, Inc., which holds the Churchrock and Crownpoint projects, to Laramide. RCF Loan Retirement As discussed in Note 6 above, on February 9, 2017 the Company and Esousa terminated the Esousa MEA after the Company failed to reach a quorum at a Special Meeting of Stockholders on February 8, 2017. Following termination of the Esousa MEA, the Company’s Board of Directors agreed to repay the $5.5 million principal and accrued unpaid interest in cash on February 9, 2017. As a result, the Company no longer has any obligations outstanding under the RCF Loan Equity Financings On February 16, 2017, we completed a registered direct offering for gross proceeds of $4.5 million with Aspire Capital whereby Aspire Capital purchased 2,100,000 shares of common stock at a price of $1.58 and 748,101 pre-funded common stock purchase warrants at a price of $1.57. The warrants have an exercise price of $0.01 per share and a term of three years. As of March 2, 2017 all of the pre-funded warrants have been exercised. On January 19, 2017, the Company completed a registered public offering for gross proceeds of $9.7 million. The Company sold 1,399,140 shares of common stock at a price of $2.01 per share and 3,426,731 pre-funded warrants at a price of $2.00 per warrant. The warrants have an exercise price of $0.01. As of March 2, 2017, all of the pre-funded warrants have been exercised.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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