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PROPERTY, PLANT AND EQUIPMENT | 3 Months Ended
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Mar. 31, 2019
PROPERTY, PLANT AND EQUIPMENT |
PROPERTY, PLANT AND EQUIPMENT | 7. PROPERTY, PLANT AND EQUIPMENT
|  | Net Book Value of Property, Plant and Equipment at March 31, 2019
(thousands of dollars) |  | Turkey |  | Texas |  | Alabama |  | New Mexico |  | Corporate |  | Total
Uranium plant |  | $ | — |  | $ | 3,143 |  | $ | — |  | $ | — |  | $ | — |  | $ | 3,143
Mineral rights and properties |  |  | — |  |  | — |  |  | 8,972 |  |  | 7,806 |  |  | — |  |  | 16,778
Other property, plant and equipment |  |  | 7 |  |  | 451 |  |  | — |  |  | — |  |  | 150 |  |  | 608
Total |  | $ | 7 |  | $ | 3,594 |  | $ | 8,972 |  | $ | 7,806 |  | $ | 150 |  | $ | 20,529
|  | Net Book Value of Property, Plant and Equipment at December 31, 2018
(thousands of dollars) |  | Turkey |  | Texas |  | Alabama |  | New Mexico |  | Corporate |  | Total
Uranium plant |  | $ | — |  | $ | 3,256 |  | $ | — |  | $ | — |  | $ | — |  | $ | 3,256
Mineral rights and properties |  |  | — |  |  | — |  |  | 8,973 |  |  | 7,806 |  |  | — |  |  | 16,779
Other property, plant and equipment |  |  | 8 |  |  | 348 |  |  | — |  |  | — |  |  | 162 |  |  | 518
Total |  | $ | 8 |  | $ | 3,604 |  | $ | 8,973 |  | $ | 7,806 |  | $ | 162 |  | $ | 20,553
Impairment of Temrezli and Sefaatli Projects On June 20, 2018, the General Directorate of Mining Affairs, a department of the Turkish Ministry of Energy and Natural Resources, notified the Company that the mining and exploration licenses for its Temrezli and Sefaatli projects located in Turkey had been revoked and potential compensation will be proffered. While the Company is investigating the legality of this action and what remedies, including compensation, might be available to the Company, the Company has determined that it is more likely than not that the Company will be unable to explore, develop, mine or otherwise benefit from the mineral properties. Therefore, the Company has determined that all of the uranium mineral holding property assets located in Turkey were fully impaired. The Company will recognize compensation for the mining and exploration licenses when the amount of the full and fair compensation is fixed and determinable and the ability to collect is probable. The Company reviews and evaluates its long-lived assets for impairment on an annual basis or more frequently when events or changes in circumstances indicate that the related carrying amounts may not be recoverable.

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- References No definition available. + Details
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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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