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FEDERAL INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2021
FEDERAL INCOME TAXES. |
Schedule of Components of Future Tax Assets and Liabilities |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2021 |  | 2020
​ | ​ | (thousands of dollars)
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Non‑Current: |  | ​ |  |  | ​ |
Net operating loss carryforwards | ​ | $ | 21,016 | ​ | $ | 16,009
Mineral properties | ​ |  | 5,017 | ​ |  | 3,177
Accrued vacation | ​ |  | 25 | ​ |  | 18
Capital loss carryforwards | ​ |  | 22,523 | ​ |  | 22,176
Restoration reserves | ​ |  | 405 | ​ |  | —
Capitalized transaction costs | ​ |  | 1,157 | ​ |  | 1,138
Other | ​ |  | 3,580 | ​ |  | 3,686
Deferred tax assets | ​ |  | 53,723 | ​ |  | 46,204
Valuation allowance | ​ |  | (53,723) | ​ |  | (46,204)
Net deferred tax assets | ​ |  | — | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities | ​ |  | — | ​ |  | —
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax asset (liability) | ​ | $ | — | ​ | $ | —
Schedule of Valuation Allowance by Tax Jurisdiction |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2021 |  | 2020
​ | ​ | (thousands of dollars)
United States | ​ | $ | 42,069 | ​ | $ | 34,190
Australia | ​ |  | 5,096 | ​ |  | 5,380
Turkey | ​ |  | 6,558 | ​ |  | 6,634
Total valuation allowance | ​ | $ | 53,723 | ​ | $ | 46,204
Schedule of Loss From Operations Before Income Taxes |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31,
​ |  | 2021 |  | 2020
​ | ​ | (thousands of dollars)
United States | ​ | $ | (16,103) | ​ | $ | (13,881)
Australia | ​ |  | (6) | ​ |  | 8
Turkey | ​ |  | (35) | ​ |  | (39)
​ | ​ | $ | (16,144) | ​ | $ | (13,912)
Schedule of Reconciliation of Expected Income Tax on Net Income at Statutory Rates |
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2021 |  | 2020
​ | ​ | (thousands of dollars)
Net loss | ​ | $ | (16,144) | ​ | $ | (13,912)
Statutory tax rate | ​ |  | 21% | ​ |  | 21%
Tax recovery at statutory rate | ​ |  | (3,390) | ​ |  | (2,922)
State tax rate | ​ | ​ | (1,173) | ​ | ​ | 938
Foreign tax rate | ​ |  | (2) | ​ |  | 1
Change in US tax rates | ​ |  | (759) | ​ |  | 309
Other adjustments | ​ |  | 97 | ​ |  | (9)
Capital loss carryforward adjustment | ​ |  | — | ​ |  | (21)
Operating loss carryforward adjustment | ​ |  | (1,409) | ​ |  | (218)
Operating loss Section 382 adjustment | ​ |  | (7) | ​ |  | 978
Anatolia Energy Ltd Share issue Cost adjustment | ​ | ​ | — | ​ | ​ | 270
Nondeductible write‑offs | ​ |  | (78) | ​ |  | 7
Sale of Uranium Entities | ​ | ​ | (799) | ​ | ​ | (10,553)
Change in valuation allowance | ​ |  | 7,520 | ​ |  | 11,220
Income tax expense (recovery) | ​ | $ | — | ​ | $ | —

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