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ACQUISITIONS AND DISPOSALS (Tables)
 12 Months Ended
Dec. 31, 2019
ACQUISITIONS AND DISPOSALS.  
Schedule of Fair Value of Assets Acquired and Liabilities Assumed

The following summarizes the preliminary allocation of purchase price to the fair value of assets acquired and liabilities assumed as of the acquisition date (in thousands):

 

 

 

 

 

Consideration:

    

 

  

Cash

 

$

2,397

Issuance of 232,504 common shares for replacement of Alabama Graphite shares

 

 

6,394

Issuance of 7,280 options for replacement of Alabama Graphite options

 

 

36

Issuance of 42,888 warrants for replacement of Alabama Graphite warrants

 

 

54

 

 

$

8,881

 

 

 

 

The fair value of the consideration given was allocated as follows:

 

 

  

Assets:

 

 

  

Cash and cash equivalents

 

$

17

Short-term receivables

 

 

113

Prepaid expenses

 

 

42

Property, plant, equipment and graphite mineral interests

 

 

8,973

Total assets

 

 

9,145

Liabilities:

 

 

  

Accounts payable and accrued liabilities

 

 

264

Total liabilities

 

 

264

Net assets

 

$

8,881

 

Disposal Groups, Including Discontinued Operations [Table Text Block]

 

 

 

 

URC Transaction

    

 

 

(thousands of dollars)

 

 

 

Total cash consideration received, net of transaction costs

 

$

2,470

Carrying value of promissory note

 

 

(1,741)

Carrying value of royalty interests

 

 

 —

Gain on disposal of uranium assets

 

$

729