Ur-Energy (URG) 10-Q 3 May 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 02, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		159,729,403
Entity Registrant Name	UR-ENERGY INC
Entity Central Index Key	0001375205
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 3,916	$ 6,372
Accounts receivable	27	31
Inventory	6,232	1,840
Prepaid expenses	798	847
Assets, Current, Total	10,973	9,090
Long-term inventory	8,720	12,852
Restricted cash	7,460	7,458
Mineral properties	45,162	45,805
Capital assets	24,772	25,158
Assets, Noncurrent, Total	86,114	91,273
Assets, Total	97,087	100,363
Current liabilities
Accounts payable and accrued liabilities	3,680	2,343
Current portion of long term debt	5,173	5,062
Environmental remediation accrual	75	77
Liabilities, Current, Total	8,928	7,482
Notes payable	8,288	9,600
Lease liability	11
Asset retirement obligations	30,527	30,384
Other liabilities - warrants	1,605	1,050
Liabilities, Noncurrent, Total	40,431	41,034
Liabilities	49,359	48,516
Share Capital
Common shares, without par value, unlimited shares authorized; shares issued and outstanding: 159,729,403 at March 31, 2019 and 159,729,403 at December 31, 2018	185,221	185,221
Contributed surplus	20,112	19,930
Accumulated other comprehensive income	3,671	3,670
Deficit	(161,276)	(156,974)
Stockholders' Equity Attributable to Parent, Total	47,728	51,847
Liabilities and Equity, Total	97,087	100,363
Preferred Class A
Share Capital
Class A preferred shares, without par value, unlimited shares authorized; no shares issued and outstanding

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Common shares, without par value	$ 0	$ 0
Common shares, Shares issued	159,729,403	159,729,403
Common shares, Shares outstanding	159,729,403	159,729,403
Preferred Class A
Class A preferred shares, without par value	$ 0	$ 0
Class A preferred shares, shares issued	0	0
Class A preferred shares, shares outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Sales	$ 4,812	$ 19,672
Cost of sales	(5,146)	(9,758)
Gross profit	(334)	9,914
Operating Expenses
Exploration and evaluation	(774)	(766)
Development	(166)	(432)
General and administrative	(2,138)	(1,922)
Accretion of asset retirement obligations	(143)	(126)
Income (loss) from operations	(3,555)	6,668
Net interest expense	(196)	(288)
Warrants mark to market adjustment	(533)
Loss on equity investment		(1)
Foreign exchange gain (loss)	(18)	6
Other income		33
Net income (loss) for the period	$ (4,302)	$ 6,418
Income (Loss) per common share:
Basic	$ (0.03)	$ 0.04
Diluted	$ (0.03)	$ 0.04
Weighted average number of common shares outstanding:
Basic	159,729,403	146,568,609
Diluted	159,729,403	147,821,876
COMPREHENSIVE INCOME (LOSS)
Net income (loss) for the period	$ (4,302)	$ 6,418
Translation adjustment on foreign operations	1	(21)
Comprehensive income (loss) for the period	$ (4,301)	$ 6,397

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - 3 months ended Mar. 31, 2019 - USD ($) $ in Thousands	Capital Stock	Contributed Surplus [Member]	Accumulated Other Comprehensive Income	Deficit	Total
Beginning Balance at Dec. 31, 2018	$ 185,221	$ 19,930	$ 3,670	$ (156,974)	$ 51,847
Beginning Balance (in shares) at Dec. 31, 2018	159,729,403				159,729,403
Exercise of stock options (in shares)					0
Redemption of vested RSUs		(6)			$ (6)
Non-cash stock compensation		188			188
Net loss and comprehensive (loss) income			1	(4,302)	(4,301)
Ending Balance at Mar. 31, 2019	$ 185,221	$ 20,112	$ 3,671	$ (161,276)	$ 47,728
Ending Balance (in shares) at Mar. 31, 2019	159,729,403				159,729,403

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash provided by (used in) Operating activities
Net income (loss) for the period	$ (4,302)	$ 6,418
Items not affecting cash:
Stock based expense	188	330
Depreciation and amortization	1,098	906
Accretion of asset retirement obligation	143	126
Amortization of deferred loan costs	30	29
Provision for reclamation	(2)
Warrants mark to market gain	533
Gain on disposition of assets		(2)
Loss (gain) on foreign exchange	(18)	(6)
Change in non-cash working capital items:
Accounts receivable	4	(18)
Inventory	(260)	(2,483)
Prepaid expenses	(17)	87
Accounts payable and accrued liabilities	1,402	1,047
Net Cash Provided by (Used in) Operating Activities, Total	(1,201)	6,434
Investing activities
Mineral property costs	(8)	(14)
Purchase of capital assets	(11)	(46)
Net Cash Provided by (Used in) Investing Activities, Total	(19)	(60)
Financing activities
Proceeds from exercise of stock options		42
RSUs redeemed to pay withholding or paid in cash	(6)	(13)
Repayment of debt	(1,269)	(1,198)
Net Cash Provided by (Used in) Financing Activities, Total	(1,275)	(1,169)
Effects of foreign exchange rate changes on cash	41	(15)
Net change in cash, cash equivalents and restricted cash	(2,454)	5,190
Beginning cash, cash equivalents and restricted cash	13,830	11,437
Ending cash, cash equivalents and restricted cash	$ 11,376	$ 16,627

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2019
Nature of Operations [Abstract]
Nature of operations	1. Ur-Energy Inc. (the “Company”) was incorporated on March 22, 2004 under the laws of the Province of Ontario. The Company was continued under the Canada Business Corporations Act on August 8, 2006. Headquartered in Littleton, Colorado, the Company is an exploration stage mining company, as defined by U.S. Securities and Exchange Commission (“SEC”) Industry Guide 7. The Company is engaged in uranium mining and recovery operations, with activities including the acquisition, exploration, development and production of uranium mineral resources located in Wyoming. As of August 2013, the Company commenced uranium production at its Lost Creek Project in Wyoming. Due to the nature of the uranium mining methods used by the Company on the Lost Creek Property, and the definition of “mineral reserves” under National Instrument 43-101 (“NI 43-101”), which uses the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards, the Company has not determined whether the property contains mineral reserves. However, the Company’s “ Amended Preliminary Economic Assessment of the Lost Creek Property, Sweetwater County, Wyoming, ” February 8, 2016 (“Lost Creek PEA”), outlines the potential viability of the Lost Creek Property. The recoverability of amounts recorded for mineral properties is dependent upon the discovery of economic resources, the ability of the Company to obtain the necessary financing to develop the properties and upon attaining future profitable production from the properties or sufficient proceeds from disposition of the properties.

Liquidity Risk

Liquidity Risk	3 Months Ended
	Mar. 31, 2019
Liquidity Risk [Abstract]
Liquidity Risk	2. Liquidity Risk Our operations are based on a small number of large sales. As a result, our cash flow and therefore our current assets and working capital may vary widely during the year based on the timing of those sales. Virtually all of our sales are under contracts which specify delivery quantities, sales prices and payment dates. The only exceptions are spot sales which we are currently only making when advantageous. As a result, we are able to perform cash management functions over the course of an entire year and are less reliant on current commodity prices and market conditions. We monitor our cash projections on a weekly basis and have used various techniques to manage our cash flows including the assignment of deliveries, as we have done in the past, negotiating changes in delivery dates, purchasing inventory at favorable prices and raising capital. As at March 31, 2019, the Company’s financial liabilities consisted of trade accounts payable and accrued trade and payroll liabilities of $1.7 million which are due within normal trade terms of generally 30 to 60 days, a note payable of $13.7 million of which $5.3 million is due within one year, and asset retirement obligations with estimated completion dates until 2033. In addition, most of our current assets except for prepaid expenses are immediately realizable, if necessary, while our current liabilities include a substantial portion that is not due for three months or more which, given the existence of our contracts and set prices, allows us to plan for those payments well in advance and address shortfalls, if any.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	3. Basis of presentation These unaudited interim consolidated financial statements do not conform in all respects to the requirements of United States generally accepted accounting principles (“US GAAP”) for annual financial statements. The unaudited interim financial statements reflect all normal adjustments which in the opinion of management are necessary for a fair statement of the results for the periods presented. These unaudited interim consolidated financial statements should be read in conjunction with the audited annual consolidated financial statements for the year ended December 31, 2018. We apply the same accounting policies as in the prior year other than as noted below. The year-end balance sheet data were derived from the audited financial statements and certain information and footnote disclosures required by US GAAP have been condensed or omitted. New accounting pronouncements which were implemented this year In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , which requires lessees to recognize all leases on the balance sheet, including operating leases, unless the lease is a short-term lease. ASU 2016-02 also requires additional disclosures regarding leasing arrangements. ASU 2016-02 became effective for the Company as of January 1, 2019. At January 1, 2019, we had two office equipment leases, and the office lease in Casper which expires in July 2019 and renews strictly at our discretion at current market rates. As a result of adoption of ASC 2016-02, we recognized a liability of $83.9 with a corresponding Right-Of-Use (“

Cash and Cash Equivalents

Cash and Cash Equivalents	3 Months Ended
	Mar. 31, 2019
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	4. The Company’s cash and cash equivalents consist of the following: As at March 31, 2019 December 31, 2018 $ $ Cash on deposit at banks 1,956 1,936 Money market funds 1,960 4,436 3,916 6,372

Inventory

Inventory	3 Months Ended
	Mar. 31, 2019
Inventory [Abstract]
Inventory	5. Inventory The Company’s inventory consists of the following: As at March 31, 2019 December 31, 2018 $ $ In-process inventory - 160 Plant inventory 1,259 345 Conversion facility inventory 13,693 14,187 14,952 14,692 Inventory to be sold within 12 months 6,232 1,840 Long term inventory 8,720 12,852 In conjunction with our lower of cost or net realizable value (“NRV”) calculations, the Company reduced the inventory valuation by $1,964 for the three months ended March 31, 2019.

Restricted Cash

Restricted Cash	3 Months Ended
	Mar. 31, 2019
Restricted Cash [Abstract]
Restricted cash	6. Restricted Cash The Company’s restricted cash consists of money market accounts and short term government bonds. The bonding requirements for reclamation obligations on various properties have been agreed to by the Wyoming Department of Environmental Quality (“WDEQ”), the Wyoming Uranium Recovery Program (“URP”) and the Bureau of Land Management (“BLM”) as applicable. The restricted money market accounts are pledged as collateral against performance surety bonds which are used to secure the potential costs of reclamation related to those properties. Surety bonds providing $29.9 million of coverage towards specific reclamation obligations are collateralized by $7.4 million of the restricted cash at March 31, 2019.

Mineral Properties

Mineral Properties	3 Months Ended
	Mar. 31, 2019
Mineral Properties [Abstract]
Mineral Properties	7 . Mineral Properties The Company’s mineral properties consist of the following: Lost Creek Pathfinder Other U.S. Property Mines Properties Total $ $ $ $ Balance, December 31, 2018 12,644 19,964 13,197 45,805 Acquisition costs - - 8 8 Amortization (651) - - (651) Balance, March 31, 2019 11,993 19,964 13,205 45,162 Lost Creek Property The Company acquired certain Wyoming properties in 2005 when Ur-Energy USA Inc. purchased 100% of NFU Wyoming, LLC. Assets acquired in this transaction include the Lost Creek Project, other Wyoming properties and development databases. NFU Wyoming, LLC was acquired for aggregate consideration of $20 million plus interest. Since 2005, the Company has increased its holdings adjacent to the initial Lost Creek acquisition through staking additional claims and additional property purchases and leases. There is a royalty on each of the State of Wyoming sections under lease at the Lost Creek, LC West and EN Projects, as required by law. Other royalties exist on certain mining claims at the LC South, LC East and EN Projects. Currently, there are no royalties on the mining claims in the Lost Creek, LC North or LC West Projects. Pathfinder Mines The Company acquired additional Wyoming properties when Ur-Energy USA Inc. closed a Share Purchase Agreement (“SPA”) with an AREVA Mining affiliate in December 2013. Under the terms of the SPA, the Company purchased Pathfinder Mines Corporation (“Pathfinder”) to acquire additional mineral properties. Assets acquired in this transaction include the Shirley Basin mine, portions of the Lucky Mc mine, machinery and equipment, vehicles, office equipment and development databases. Pathfinder was acquired for aggregate consideration of $6.7 million, a 5% production royalty under certain circumstances and the assumption of $5.7 million in estimated asset reclamation obligations . At June 30, 2016, the royalty expired and was terminated.

Capital Assets

Capital Assets	3 Months Ended
	Mar. 31, 2019
Capital Assets
Capital Assets	8. The Company’s capital assets consist of the following: As of As of March 31, 2019 December 31, 2018 Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value $ $ $ $ $ $ Rolling stock 3,432 3,302 130 3,432 3,290 142 Enclosures 32,991 8,943 24,048 32,991 8,530 24,461 Machinery and equipment 1,241 743 498 1,237 728 509 Furniture, fixtures and leasehold improvements 119 111 8 119 110 9 Information technology 1,134 1,096 38 1,127 1,090 37 ROU Assets 83 33 50 - - - 39,000 14,228 24,772 38,906 13,748 25,158 As disclosed in note 3, the Company applied ASU 2016-02 to our existing leases. As of March 31, 2019, we currently include an office lease of $34 and equipment leases of $16 in assets and liabilities. Of the $50 liability, $11 is included in long-term liabilities and the balance in the current portion of long term liabilities.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	3 Months Ended
	Mar. 31, 2019
Accounts Payable and Accrued Liabilities [Abstract]
Accounts Payable and Accrued Liabilities	9.. Accounts payable and accrued liabilities consist of the following: As at March 31, 2019 December 31, 2018 $ $ Accounts payable 608 620 Payroll and other taxes 2,518 1,218 Severance and ad valorem tax payable 554 505 3,680 2,343

Notes Payable

Notes Payable	3 Months Ended
	Mar. 31, 2019
Notes Payable [Abstract]
Notes Payable	10. On October 15, 2013, the Sweetwater County Commissioners approved the issuance of a $34.0 million Sweetwater County, State of Wyoming, Taxable Industrial Development Revenue Bond (Lost Creek Project), Series 2013 (the “Sweetwater IDR Bond”) to the State of Wyoming, acting by and through the Wyoming State Treasurer, as purchaser. On October 23, 2013, the Sweetwater IDR Bond was issued and the proceeds were in turn loaned by Sweetwater County to Lost Creek ISR, LLC pursuant to a financing agreement dated October 23, 2013 (the “State Bond Loan”). The State Bond Loan calls for payments of interest at a fixed rate of 5.75% per annum on a quarterly basis commencing January 1, 2014. The principal is payable in 28 quarterly installments commencing January 1, 2015 and continuing through October 1, 2021. Deferred loan fees include legal fees, commissions, commitment fees and other costs associated with obtaining the financing. Those fees amortizable within 12 months of March 31, 2019 are considered current. The following table lists the current (within 12 months) and long term portion of the Company’s debt instrument: As at March 31, 2019 December 31, 2018 $ $ Current debt Lease liabilities (note 8) 38 - Sweetwater County Loan 5,257 5,183 Less deferred financing costs (122) (121) 5,173 5,062 Long term debt Sweetwater County Loan 8,470 9,813 Less deferred financing costs (182) (213) 8,288 9,600 Schedule of payments on outstanding debt as of March 31, 2019: Debt Total 2019 2020 2021 Maturity $ $ $ $ Sweetwater County Loan Principal 13,727 3,914 5,487 4,326 01-Oct-21 Interest 1,108 536 447 125 Total 14,835 4,450 5,934 4,451

Asset Retirement and Reclamatio

Asset Retirement and Reclamation Obligations	3 Months Ended
	Mar. 31, 2019
Asset Retirement and Reclamation Obligations
Asset Retirement and Reclamation Obligations	11. Asset retirement obligations ("ARO") relate to the Lost Creek mine and Pathfinder projects and are equal to the present value of all estimated future costs required to remediate any environmental disturbances that exist as of the end of the period discounted at a risk-free rate. Included in this liability are the costs of closure, reclamation, demolition and stabilization of the mines, processing plants, infrastructure, aquifer restoration, waste dumps and ongoing post-closure environmental monitoring and maintenance costs. At March 31, 2019, the total undiscounted amount of the future cash needs was estimated to be $29.9 million. The schedule of payments required to settle the ARO liability extends through 2033. The restricted cash as discussed in note 6 is related to the surety bonds which provide security to the governmental agencies on these obligations. For the period ended March 31, 2019 December 31, 2018 $ $ Beginning of period 30,384 27,036 Change in estimated liability - 2,840 Accretion expense 143 508 End of period 30,527 30,384

Other Liabilities

Other Liabilities	3 Months Ended
	Mar. 31, 2019
Other Liabilities [Abstract]
Other Liabilities	12. As a part of the September 2018 public offering, we sold 13,062,878 warrants priced at $0.01 per warrant. Two warrants are redeemable for one Common Share of the Company’s stock at a price of $1.00 per full share. As the warrants are priced in US$ and the functional currency of Ur-Energy Inc. is Cdn$, this created a derivative financial liability. The liability created and adjusted quarterly is a calculated fair value using the Black-Scholes technique described below as there is no active market for the warrants. Any income or loss is reflected in net income for the period. The revaluation as of March 31, 2019 resulted in a loss of $533 for the period ended March 31, 2019 which is reflected on the statement of operations.

Shareholders' Equity and Capita

Shareholders' Equity and Capital Stock	3 Months Ended
	Mar. 31, 2019
Shareholders' Equity and Capital Stock [Abstract]
Shareholders' Equity and Capital Stock	13. Stock options In 2005, the Company’s Board of Directors approved the adoption of the Company's stock option plan (the “Option Plan”). The Option Plan was most recently approved by the shareholders on May 18, 2017. Eligible participants under the Option Plan include directors, officers, employees and consultants of the Company. Under the terms of the Option Plan grants of options will vest over a three-year period: 33.3% on the first anniversary, 33.3% on the second anniversary, and 33.4% on the third anniversary of the grant. The term of options remains five years. Activity with respect to stock options is summarized as follows: Weighted- average Options exercise price # $ Balance, December 31, 2018 9,731,612 0.64 Expired (100,000) 1.30 Outstanding, March 31, 2019 9,631,612 0.63 The exercise price of a new grant is set at the closing price for the shares on the Toronto Stock Exchange (TSX) on the trading day immediately preceding the grant date so there is no intrinsic value as of the date of grant. The fair value of options vested during the three months ended March 31, 2019 was less than $0.1 million. As of March 31, 2019, outstanding stock options are as follows: Options outstanding Options exercisable Weighted- Weighted- average average remaining Aggregate remaining Aggregate Exercise Number contractual intrinsic Number contractual intrinsic price of options life (years) value of options life (years) value Expiry $ $ $ 0.75 0.7 37 0.7 37 12-Dec-19 0.84 1.2 - 1.2 - 29-May-20 0.63 1.4 88 1.4 88 17-Aug-20 0.59 1.7 186 1.7 186 11-Dec-20 0.54 2.7 560 2.7 560 16-Dec-21 0.75 2.9 15 2.9 15 02-Mar-22 0.54 3.4 46 3.4 15 07-Sep-22 0.66 3.7 266 3.7 100 15-Dec-22 0.56 4.0 43 4.0 14 30-Mar-23 0.68 4.4 118 4.4 1 20-Aug-23 0.67 4.7 111 4.7 1 14-Dec-23 0.63 3.0 1,470 2.3 1,017 The aggregate intrinsic value of the options in the preceding table represents the total pre-tax intrinsic value for stock options with an exercise price less than the Company’s TSX closing stock price of Cdn$1.05 as of the last trading day in the period ended March 31, 2019, that would have been received by the option holders had they exercised their options as of that date. The total number of in-the-money stock options outstanding as of March 31, 2019 was 9,431,612. The total number of in-the-money stock options exercisable as of March 31, 2019 was 5,913,421. We elect to estimate the number of awards expected to vest in lieu of accounting for forfeitures when they occur. Restricted share units On June 24, 2010, the Company’s shareholders approved the adoption of the Company’s restricted share unit plan (the “RSU Plan”). The RSU Plan was approved by our shareholders most recently on May 5, 2016. Eligible participants under the RSU Plan include directors and employees of the Company. RSUs in a grant redeem on the second anniversary of the grant. Upon RSU vesting, the holder of an RSU will receive one common share, for no additional consideration, for each RSU held. Activity with respect to RSUs is summarized as follows: Number Weighted of average grant RSUs date fair value Unvested, December 31, 2018 955,496 0.67 Vested (9,053) 0.68 Unvested, March 31, 2019 946,443 0.68 As of March 31, 2019, outstanding RSUs are as follows: Number of Remaining Aggregate unvested life intrinsic Grant date RSUs (years) value $ December 15, 2017 481,456 0.71 390 August 20, 2018 237,210 1.40 192 December 14, 2018 227,777 1.71 184 946,443 1.11 766 As of March 30, 2018, one of our directors retired. Under the terms of our RSU Plan, his 62,000 outstanding RSUs automatically vested. On December 17, 2018, 32,000 RSUs were redeemed for Common Shares. The balance will be redeemed for cash or stock at the compensation committee’s discretion when the RSUs in that grant vest on December 15, 2019. Warrants On September 25, 2018, the Company issued 13,062,878 warrants to purchase 6,531,439 of our Common Shares at $1.00 per full share (see note 11). The following represents warrant activity during the period ended March 31, 2019: Number Number of of shares to be issued Per share warrants upon exercise exercise price $ Outstanding, December 31, 2018 13,062,878 6,531,439 1.00 Outstanding, March 31, 2019 13,062,878 6,531,439 1.00 As of March 31, 2019, outstanding warrants are as follows: Remaining Aggregate Exercise Number contractual Intrinsic price of warrants life (years) Value Expiry $ $ 1.00 2.5 - 25-Sep-21 1.00 2.5 - Share-based compensation expense Share-based compensation expense was $0.2 million for the three months ended March 31, 2019 and $0.3 million for the three months ended March 31, 2018, respectively. As of March 31, 2019, there was approximately $1.0 million of total unrecognized compensation expense (net of estimated pre-vesting forfeitures) related to unvested share-based compensation arrangements granted under the Option Plan and $0.5 million under the RSU Plan. The expenses are expected to be recognized over a weighted-average period of 2.2 years and 1.3 years, respectively. No cash was received from stock options for the three months ended March 31, 2019 and less than $0.1 million for the three months ended March 31, 2018. Fair value calculations The initial fair value of options and RSUs granted is determined using the Black-Scholes option pricing model for options and the intrinsic pricing model for RSUs. There were no options nor RSUs granted in either the three months ended March 31, 2019 or the three months ended March 31, 2018. The Company estimates expected volatility using daily historical trading data of the Company’s Common Shares, because this is recognized as a valid method used to predict future volatility. The risk-free interest rates are determined by reference to Canadian Treasury Note constant maturities that approximate the expected option term. The Company has never paid dividends and currently has no plans to do so. Share-based compensation expense is recognized net of estimated pre-vesting forfeitures, which results in recognition of expense on options that are ultimately expected to vest over the expected option term. Forfeitures were estimated using actual historical forfeiture experience.

Sales

Sales	3 Months Ended
	Mar. 31, 2019
Revenue [Abstract]
Sales	14. Sales Sales have been derived from U 3 O 8 being sold to domestic utilities, primarily under term contracts, as well as to a trader through spot sales. Disaggregation of Revenues The following table presents our revenues disaggregated by revenue source and type of revenue for each revenue source: Three months ended March 31, 2019 2018 $ $ Sale of produced inventory Company A 2,406 - Company B - 237 2,406 237 Sales of purchased inventory Company A 2,406 - Company C - 15,636 Company D - 3,790 2,406 19,426 Total sales 4,812 19,663 Disposal fee income - 9 4,812 19,672 The names of the individual companies have not been disclosed for reasons of confidentiality.

Supplementary Information For S

Supplementary Information For Statement of Cash Flows	3 Months Ended
	Mar. 31, 2019
Supplementary Information For Statement of Cash Flows
Supplementary Information For Statement of Cash Flows	15. Cash per the Statement of Cash Flows consists of the following: As at March 31, 2019 March 31, 2018 $ $ Cash and cash equivalents 3,916 9,169 Restricted cash 7,460 7,458 11,376 16,627

Financial instruments

Financial instruments	3 Months Ended
	Mar. 31, 2019
Financial instruments [Abstract]
Financial instruments	16. The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, restricted cash, deposits, accounts payable and accrued liabilities and notes payable. The Company is exposed to risks related to changes in interest rates and management of cash and cash equivalents and short-term investments. Credit risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and restricted cash. These assets include Canadian dollar and U.S. dollar denominated certificates of deposit, money market accounts and demand deposits. These instruments are maintained at financial institutions in Canada and the U.S. Of the amount held on deposit, approximately $0.8 million is covered by the Canada Deposit Insurance Corporation, the Securities Investor Protection Corporation or the U.S. Federal Deposit Insurance Corporation, leaving approximately $10.6 million at risk at March 31, 2019 should the financial institutions with which these amounts are invested be rendered insolvent. The Company does not consider any of its financial assets to be impaired as of March 31, 2019. All of the Company’s customers have Moody’s Baa or greater ratings and purchase from the Company under contracts with set prices and payment terms. Liquidity risk Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they come due. As at March 31, 2019, the Company’s financial liabilities consisted of trade accounts payable and accrued trade and payroll liabilities of $1.7 million which are due within normal trade terms of generally 30 to 60 days and a note payable which will be payable over a period of approximately three years. We entered into an At Market Issuance Sales Agreement with MLV & Co. LLC and B Riley FBR, Inc. (May 2016, as amended August 2017) under which we may, from time to time, issue and sell Common Shares at market prices on the NYSE American or other U.S. market through the distribution agents for aggregate sales proceeds of up to $10,000,000. We have not used the facility in 2019. We expect that any major capital projects will be funded by operating cash flow, cash on hand or additional financing as required. If these cash sources are not sufficient, certain capital projects could be delayed, or alternatively we may need to pursue additional debt or equity financing to which there is no assurance that such financing will be available at all or on terms acceptable to us. Sensitivity analysis The Company has completed a sensitivity analysis to estimate the impact that a change in interest rates would have on the net loss of the Company. This sensitivity analysis shows that a change of +/- 100 basis points in interest rate would have a negligible effect on either the three months ended March 31, 2019 or the comparable three months in 2018. The financial position of the Company may vary at the time that a change in interest rates occurs causing the impact on the Company’s results to differ from that shown above.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Summary of Significant Accounting Policies [Abstract]
Basis of presentation	Basis of presentation These unaudited interim consolidated financial statements do not conform in all respects to the requirements of United States generally accepted accounting principles (“US GAAP”) for annual financial statements. The unaudited interim financial statements reflect all normal adjustments which in the opinion of management are necessary for a fair statement of the results for the periods presented. These unaudited interim consolidated financial statements should be read in conjunction with the audited annual consolidated financial statements for the year ended December 31, 2018. We apply the same accounting policies as in the prior year other than as noted below. The year-end balance sheet data were derived from the audited financial statements and certain information and footnote disclosures required by US GAAP have been condensed or omitted.
New accounting pronouncements which may affect future reporting	New accounting pronouncements which were implemented this year In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , which requires lessees to recognize all leases on the balance sheet, including operating leases, unless the lease is a short-term lease. ASU 2016-02 also requires additional disclosures regarding leasing arrangements. ASU 2016-02 became effective for the Company as of January 1, 2019. At January 1, 2019, we had two office equipment leases, and the office lease in Casper which expires in July 2019 and renews strictly at our discretion at current market rates. As a result of adoption of ASC 2016-02, we recognized a liability of $83.9 with a corresponding Right-Of-Use (“

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	3 Months Ended
	Mar. 31, 2019
Cash and Cash Equivalents [Abstract]
Schedule Of Cash and Cash Equivalents	As at March 31, 2019 December 31, 2018 $ $ Cash on deposit at banks 1,956 1,936 Money market funds 1,960 4,436 3,916 6,372

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory [Abstract]
Schedule of Inventory, Current	As at March 31, 2019 December 31, 2018 $ $ In-process inventory - 160 Plant inventory 1,259 345 Conversion facility inventory 13,693 14,187 14,952 14,692 Inventory to be sold within 12 months 6,232 1,840 Long term inventory 8,720 12,852

Mineral Properties (Tables)

Mineral Properties (Tables)	3 Months Ended
	Mar. 31, 2019
Mineral Properties [Abstract]
Mineral Property	Lost Creek Pathfinder Other U.S. Property Mines Properties Total $ $ $ $ Balance, December 31, 2018 12,644 19,964 13,197 45,805 Acquisition costs - - 8 8 Amortization (651) - - (651) Balance, March 31, 2019 11,993 19,964 13,205 45,162

Capital Assets (Tables)

Capital Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Capital Assets
Capital assets	As of As of March 31, 2019 December 31, 2018 Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value $ $ $ $ $ $ Rolling stock 3,432 3,302 130 3,432 3,290 142 Enclosures 32,991 8,943 24,048 32,991 8,530 24,461 Machinery and equipment 1,241 743 498 1,237 728 509 Furniture, fixtures and leasehold improvements 119 111 8 119 110 9 Information technology 1,134 1,096 38 1,127 1,090 37 ROU Assets 83 33 50 - - - 39,000 14,228 24,772 38,906 13,748 25,158

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Accounts Payable and Accrued Liabilities [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	As at March 31, 2019 December 31, 2018 $ $ Accounts payable 608 620 Payroll and other taxes 2,518 1,218 Severance and ad valorem tax payable 554 505 3,680 2,343

Notes Payable (Tables)

Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2019
Notes Payable [Abstract]
Schedule of Debt	As at March 31, 2019 December 31, 2018 $ $ Current debt Lease liabilities (note 8) 38 - Sweetwater County Loan 5,257 5,183 Less deferred financing costs (122) (121) 5,173 5,062 Long term debt Sweetwater County Loan 8,470 9,813 Less deferred financing costs (182) (213) 8,288 9,600
Schedule Of Outstanding Debt	Debt Total 2019 2020 2021 Maturity $ $ $ $ Sweetwater County Loan Principal 13,727 3,914 5,487 4,326 01-Oct-21 Interest 1,108 536 447 125 Total 14,835 4,450 5,934 4,451

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	3 Months Ended
	Mar. 31, 2019
Asset Retirement and Reclamation Obligations
Schedule of Asset Retirement Obligations	For the period ended March 31, 2019 December 31, 2018 $ $ Beginning of period 30,384 27,036 Change in estimated liability - 2,840 Accretion expense 143 508 End of period 30,527 30,384

Shareholders' Equity and Capi_2

Shareholders' Equity and Capital Stock (Tables)	3 Months Ended
	Mar. 31, 2019
Shareholders' Equity and Capital Stock [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	Weighted- average Options exercise price # $ Balance, December 31, 2018 9,731,612 0.64 Expired (100,000) 1.30 Outstanding, March 31, 2019 9,631,612 0.63
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range	Options outstanding Options exercisable Weighted- Weighted- average average remaining Aggregate remaining Aggregate Exercise Number contractual intrinsic Number contractual intrinsic price of options life (years) value of options life (years) value Expiry $ $ $ 0.75 0.7 37 0.7 37 12-Dec-19 0.84 1.2 - 1.2 - 29-May-20 0.63 1.4 88 1.4 88 17-Aug-20 0.59 1.7 186 1.7 186 11-Dec-20 0.54 2.7 560 2.7 560 16-Dec-21 0.75 2.9 15 2.9 15 02-Mar-22 0.54 3.4 46 3.4 15 07-Sep-22 0.66 3.7 266 3.7 100 15-Dec-22 0.56 4.0 43 4.0 14 30-Mar-23 0.68 4.4 118 4.4 1 20-Aug-23 0.67 4.7 111 4.7 1 14-Dec-23 0.63 3.0 1,470 2.3 1,017
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	Number Weighted of average grant RSUs date fair value Unvested, December 31, 2018 955,496 0.67 Vested (9,053) 0.68 Unvested, March 31, 2019 946,443 0.68
Schedule Of Share-Based Compensation, Shares Authorized Under Restricted Stock Units, By Grant Date	Number of Remaining Aggregate unvested life intrinsic Grant date RSUs (years) value $ December 15, 2017 481,456 0.71 390 August 20, 2018 237,210 1.40 192 December 14, 2018 227,777 1.71 184 946,443 1.11 766
Schedule Of Share-Based Compensation, Warrants, Activity	Number Number of of shares to be issued Per share warrants upon exercise exercise price $ Outstanding, December 31, 2018 13,062,878 6,531,439 1.00 Outstanding, March 31, 2019 13,062,878 6,531,439 1.00
Schedule Of Share-based Compensation Shares Authorized Under Warrants Plans by exercise price range	Remaining Aggregate Exercise Number contractual Intrinsic price of warrants life (years) Value Expiry $ $ 1.00 2.5 - 25-Sep-21 1.00 2.5 -

Sales (Tables)

Sales (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue [Abstract]
Schedule Of Revenue	Three months ended March 31, 2019 2018 $ $ Sale of produced inventory Company A 2,406 - Company B - 237 2,406 237 Sales of purchased inventory Company A 2,406 - Company C - 15,636 Company D - 3,790 2,406 19,426 Total sales 4,812 19,663 Disposal fee income - 9 4,812 19,672

Supplementary Information For_2

Supplementary Information For Statement of Cash Flows (Tables)	3 Months Ended
	Mar. 31, 2019
Supplementary Information For Statement of Cash Flows
Cash per the Statement of Cash Flows	As at March 31, 2019 March 31, 2018 $ $ Cash and cash equivalents 3,916 9,169 Restricted cash 7,460 7,458 11,376 16,627

Nature of Operations (Details)

Nature of Operations (Details)	3 Months Ended
	Mar. 31, 2019
Nature of Operations [Abstract]
Date of incorporation	Mar. 22, 2004

Liquidity Risk (Details)

Liquidity Risk (Details) $ in Millions	Mar. 31, 2019USD ($)
Liquidity Risk [Abstract]
Trade accounts payable, accrued trade and payroll liabilities	$ 1.7
Notes Payable	13.7
Notes payable due within 1 year	$ 5.3

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease Liability	$ 50
ASC 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease Right Of Use Assets		$ 83,900
Operating Lease Liability		$ 83,900

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Cash and Cash Equivalents [Abstract]
Cash on deposit at banks	$ 1,956	$ 1,936
Money market funds	1,960	4,436
Cash and cash equivalents	$ 3,916	$ 6,372	$ 9,169

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Inventory
Inventory, Net, Total	$ 14,952	$ 14,692
Inventory Current	6,232	1,840
Inventory, Noncurrent	8,720	12,852
Reduction in inventory valuation	1,964
In Process Inventory [Member]
Inventory
Inventory, Net, Total		160
Plant Inventory [Member]
Inventory
Inventory, Net, Total	1,259	345
Conversion Facility Inventory [Member]
Inventory
Inventory, Net, Total	$ 13,693	$ 14,187

Restricted Cash (Details)

Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Restricted Cash
Restricted cash	$ 7,460	$ 7,458	$ 7,458
Surety Bond [Member]
Restricted Cash
Reclamation bonding requirement	29,900
Money Market Funds [Member] | Surety Bond [Member]
Restricted Cash
Restricted cash pledged as collateral	$ 7,400

Mineral Properties - rollforwar

Mineral Properties - rollforward (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Balance at beginning of period	$ 45,805
Acquisition costs	8
Change in estimated reclamation costs (Note 13)		$ 2,840
Amortization	(651)
Balance at end of period	45,162	45,805
Lost Creek Project
Balance at beginning of period	12,644
Amortization	(651)
Balance at end of period	11,993	12,644
Pathfinder properties
Balance at beginning of period	19,964
Balance at end of period	19,964	19,964
Other U.S. Properties [Member]
Balance at beginning of period	13,197
Acquisition costs	8
Balance at end of period	$ 13,205	$ 13,197

Mineral Properties (Details)

Mineral Properties (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2013	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2005
Aggregate consideration	$ 6,700
Revenue, Net, Total		$ 4,812	$ 19,672
Royalty (as a percent)	5.00%
Estimated asset reclamation obligation	$ 5,700
Nfu Wyoming LLC
Percentage of asset acquired				100.00%
Aggregate consideration				$ 20,000

Capital Assets (Details)

Capital Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Capital Assets
Cost	$ 39,000	$ 38,906
Accumulated Depreciation	14,228	13,748
Net Book Value	24,772	25,158
Rolling stock [Member]
Capital Assets
Cost	3,432	3,432
Accumulated Depreciation	3,302	3,290
Net Book Value	130	142
Building Enclosures [Member]
Capital Assets
Cost	32,991	32,991
Accumulated Depreciation	8,943	8,530
Net Book Value	24,048	24,461
Machinery and equipment [Member]
Capital Assets
Cost	1,241	1,237
Accumulated Depreciation	743	728
Net Book Value	498	509
Furniture, fixtures and leasehold improvements [Member]
Capital Assets
Cost	119	119
Accumulated Depreciation	111	110
Net Book Value	8	9
Information technology [Member]
Capital Assets
Cost	1,134	1,127
Accumulated Depreciation	1,096	1,090
Net Book Value	38	$ 37
Leased Assets
Capital Assets
Cost	83
Accumulated Depreciation	33
Net Book Value	$ 50

Capital Assets - Leases (Detail

Capital Assets - Leases (Details) $ in Thousands	Mar. 31, 2019USD ($)
Property, Plant and Equipment [Line Items]
Operating Lease Liability	$ 50
Long term operating lease liabilities	11
Office Lease
Property, Plant and Equipment [Line Items]
Operating lease Right Of Use Assets	34
Operating Lease Liability	34
Equipment Leases
Property, Plant and Equipment [Line Items]
Operating lease Right Of Use Assets	16
Operating Lease Liability	$ 16

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts Payable and Accrued Liabilities [Abstract]
Accounts payable	$ 608	$ 620
Severance and ad valorem tax payable	2,518	1,218
Payroll and other taxes	554	505
Accounts payable and accrued liabilities	$ 3,680	$ 2,343

Notes Payable - Current vs Long

Notes Payable - Current vs Long-term (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Current debt
Right of Use - current	$ 38
Less deferred financing costs	(122)	$ (121)
Long-term Debt, Current Maturities, Total	5,173	5,062
Long term debt
Less deferred financing costs	(182)	(213)
Long-term Debt	8,288	9,600
Sweetwater IDR Bond [Member]
Current debt
Current Debt	5,257	5,183
Long term debt
Long term debt	$ 8,470	$ 9,813

Notes Payable - Maturity table

Notes Payable - Maturity table (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Notes Payable
Total	$ 14,835
Sweetwater IDR Bond [Member]
Notes Payable
Principal	13,727
Interest	1,108
2017
Notes Payable
Total	4,450
2017 | Sweetwater IDR Bond [Member]
Notes Payable
Principal	3,914
Interest	536
2018
Notes Payable
Total	5,934
2018 | Sweetwater IDR Bond [Member]
Notes Payable
Principal	5,487
Interest	447
2019
Notes Payable
Total	4,451
2019 | Sweetwater IDR Bond [Member]
Notes Payable
Principal	4,326
Interest	$ 125

Notes Payable (Details)

Notes Payable (Details) - Sweetwater IDR Bond [Member] $ in Thousands	Oct. 15, 2013USD ($)	Mar. 31, 2019USD ($)	Oct. 23, 2013item
Notes Payable
Proceeds from Issuance of Long-term Debt	$ 34,000
Periodic payment amount		$ 13,727
Due Quarterly Commencing From January 1, 2014 [Member]
Notes Payable
Fixed interest rate (as a percent)			5.75%
Due Quarterly Commencing From January 1, 2015 [Member]
Notes Payable
Number of installments | item			28

Asset Retirement Obligations (D

Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Mar. 31, 2019
Asset Retirement and Reclamation Obligations
Estimated Future Cash Undiscounted Amount		$ 29,900
Change in estimated liability	$ 2,840

Asset Retirement Obligations -

Asset Retirement Obligations - Rollfoward (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Asset Retirement Obligation Rollforward
Beginning of period	$ 30,384	$ 27,036	$ 27,036
Change in estimated liability			2,840
Accretion expense	143	$ 126	508
End of period	$ 30,527		$ 30,384

Other Liabilities (Details)

Other Liabilities (Details) $ / shares in Units, $ in Thousands	Sep. 25, 2018$ / sharesshares	Mar. 31, 2019USD ($)item$ / shares	Dec. 31, 2018$ / shares
Other Liabilities
Sale price (per warrant)	$ 1
Exercise price		$ 1	$ 1
Warrants mark to market adjustment | $		$ (533)
Warrants
Other Liabilities
Number of securities called by each warrant | shares	13,062,878
Exercise price		$ 0.01
Number of warrants redeemable shares | item		2

Shareholders' Equity and Capi_3

Shareholders' Equity and Capital Stock - options activity (Details)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
Options Rollforward
Outstanding, Beginning Balance | shares	9,731,612
Exercised, Options | shares	0
Expired, Options | shares	(100,000)
Outstanding Ending Balance, Options | shares	9,631,612
Outstanding, Beginning Balance, Weighted-average exercise price | $ / shares	$ 0.64
Expired, Weighted-average exercise price | $ / shares	1.30
Outstanding Ending Balance, Weighted-average exercise price | $ / shares	0.63
Grant date intrinsic value | $ / shares	$ 0

Shareholders' Equity and Capi_4

Shareholders' Equity and Capital Stock - o/s options (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Outstanding Stock Options
Exercise price	$ 0.63	$ 0.64
Number of options, Outstanding	9,631,612	9,731,612
Weighted- average remaining contractual life (years), Outstanding	3 years
Aggregate Intrinsic Value, Outstanding	$ 1,470
Number of options, Exercisable	6,113,421
Weighted- average remaining contractual life (years), Exercisable	2 years 3 months 18 days
Aggregate Intrinsic Value, Exercisable	$ 1,017
Exercise price $0.75
Outstanding Stock Options
Exercise price	$ 0.75
Number of options, Outstanding	724,274
Weighted- average remaining contractual life (years), Outstanding	8 months 12 days
Aggregate Intrinsic Value, Outstanding	$ 37
Number of options, Exercisable	724,274
Weighted- average remaining contractual life (years), Exercisable	8 months 12 days
Aggregate Intrinsic Value, Exercisable	$ 37
Expiry	Dec. 12, 2019
Exercise price $0.84
Outstanding Stock Options
Exercise price	$ 0.84
Number of options, Outstanding	200,000
Weighted- average remaining contractual life (years), Outstanding	1 year 2 months 12 days
Number of options, Exercisable	200,000
Weighted- average remaining contractual life (years), Exercisable	1 year 2 months 12 days
Expiry	May 29, 2020
Exercise price $0.63
Outstanding Stock Options
Exercise price	$ 0.63
Number of options, Outstanding	568,602
Weighted- average remaining contractual life (years), Outstanding	1 year 4 months 24 days
Aggregate Intrinsic Value, Outstanding	$ 88
Number of options, Exercisable	568,602
Weighted- average remaining contractual life (years), Exercisable	1 year 4 months 24 days
Aggregate Intrinsic Value, Exercisable	$ 88
Expiry	Aug. 17, 2020
Exercise price $0.59
Outstanding Stock Options
Exercise price	$ 0.59
Number of options, Outstanding	984,878
Weighted- average remaining contractual life (years), Outstanding	1 year 8 months 12 days
Aggregate Intrinsic Value, Outstanding	$ 186
Number of options, Exercisable	984,878
Weighted- average remaining contractual life (years), Exercisable	1 year 8 months 12 days
Aggregate Intrinsic Value, Exercisable	$ 186
Expiry	Dec. 11, 2020
Exercise price $0.54
Outstanding Stock Options
Exercise price	$ 0.54
Number of options, Outstanding	2,411,930
Weighted- average remaining contractual life (years), Outstanding	2 years 8 months 12 days
Aggregate Intrinsic Value, Outstanding	$ 560
Number of options, Exercisable	2,411,930
Weighted- average remaining contractual life (years), Exercisable	2 years 8 months 12 days
Aggregate Intrinsic Value, Exercisable	$ 560
Expiry	Dec. 16, 2021
Exercise price $0.75
Outstanding Stock Options
Exercise price	$ 0.75
Number of options, Outstanding	300,000
Weighted- average remaining contractual life (years), Outstanding	2 years 10 months 24 days
Aggregate Intrinsic Value, Outstanding	$ 15
Number of options, Exercisable	300,000
Weighted- average remaining contractual life (years), Exercisable	2 years 10 months 24 days
Aggregate Intrinsic Value, Exercisable	$ 15
Expiry	Mar. 2, 2022
Exercise price $0.54
Outstanding Stock Options
Exercise price	$ 0.54
Number of options, Outstanding	200,000
Weighted- average remaining contractual life (years), Outstanding	3 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding	$ 46
Number of options, Exercisable	66,000
Weighted- average remaining contractual life (years), Exercisable	3 years 4 months 24 days
Aggregate Intrinsic Value, Exercisable	$ 15
Expiry	Sep. 7, 2022
Exercise price $0.66
Outstanding Stock Options
Exercise price	$ 0.66
Number of options, Outstanding	2,064,916
Weighted- average remaining contractual life (years), Outstanding	3 years 8 months 12 days
Aggregate Intrinsic Value, Outstanding	$ 266
Number of options, Exercisable	774,608
Weighted- average remaining contractual life (years), Exercisable	3 years 8 months 12 days
Aggregate Intrinsic Value, Exercisable	$ 100
Expiry	Dec. 15, 2022
Exercise price $0.56
Outstanding Stock Options
Exercise price	$ 0.56
Number of options, Outstanding	200,000
Weighted- average remaining contractual life (years), Outstanding	4 years
Aggregate Intrinsic Value, Outstanding	$ 43
Number of options, Exercisable	66,000
Weighted- average remaining contractual life (years), Exercisable	4 years
Aggregate Intrinsic Value, Exercisable	$ 14
Expiry	Mar. 30, 2023
Exercise Price $0.67
Outstanding Stock Options
Exercise price	$ 0.67
Number of options, Outstanding	919,358
Weighted- average remaining contractual life (years), Outstanding	4 years 8 months 12 days
Aggregate Intrinsic Value, Outstanding	$ 111
Number of options, Exercisable	8,277
Weighted- average remaining contractual life (years), Exercisable	4 years 8 months 12 days
Aggregate Intrinsic Value, Exercisable	$ 1
Expiry	Dec. 14, 2023
Exercise Price $0.68
Outstanding Stock Options
Exercise price	$ 0.68
Number of options, Outstanding	1,057,654
Weighted- average remaining contractual life (years), Outstanding	4 years 4 months 24 days
Aggregate Intrinsic Value, Outstanding	$ 118
Number of options, Exercisable	8,852
Weighted- average remaining contractual life (years), Exercisable	4 years 4 months 24 days
Aggregate Intrinsic Value, Exercisable	$ 1
Expiry	Aug. 20, 2023

Shareholders' Equity and Capi_5

Shareholders' Equity and Capital Stock - RSU activity (Details)	3 Months Ended
	Mar. 31, 2019$ / sharesshares
RSU Rollforward
Number of RSUs Unvested, Beginning Balance | shares	955,496
Number of RSUs Vested | shares	(9,053)
Number of RSUs Unvested, Ending Balance | shares	946,443
Number of RSUs Unvested, Beginning Balance, Weighted average grant date fair value | $ / shares	$ 0.67
Vested, Weighted average grant date fair value | $ / shares	0.68
Number of RSUs Unvested, Ending Balance, Weighted Average Grant Date Fair Value | $ / shares	$ 0.68

Shareholders' Equity and Capi_6

Shareholders' Equity and Capital Stock - o/s RSUs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
RSUs
Number of unvested units	946,443	955,496
Remaining life (years)	1 year 1 month 10 days
Aggregate Intrinsic Value	$ 766
August 22. 2018
RSUs
Number of unvested units	237,210
Remaining life (years)	1 year 4 months 24 days
Aggregate Intrinsic Value	$ 192
December 14, 2018
RSUs
Number of unvested units	227,777
Remaining life (years)	1 year 8 months 16 days
Aggregate Intrinsic Value	$ 184
December 15, 2017
RSUs
Number of unvested units	481,456
Remaining life (years)	8 months 16 days
Aggregate Intrinsic Value	$ 390

Shareholders' Equity and Capi_7

Shareholders' Equity and Capital Stock - warrants activity (Details) - $ / shares	Sep. 25, 2018	Mar. 31, 2019	Dec. 31, 2018
Class of Warrant or Right
Number of warrants, Outstanding		13,062,878	13,062,878
Number of shares to be issued upon exercise, Outstanding		6,531,439	6,531,439
Per share exercise price, Outstanding		$ 1	$ 1
Warrants
Class of Warrant or Right
Stock Repurchased During Period, Shares	6,531,439
Stock Repurchased, Price Per Share	$ 1
Per share exercise price, Outstanding		$ 0.01

Shareholders' Equity and Capi_8

Shareholders' Equity and Capital Stock - o/s warrants (Details) - $ / shares	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Class of Warrant or Right
Exercise price	$ 1	$ 1
Number of warrants	13,062,878	13,062,878
$0.95 [Member]
Class of Warrant or Right
Exercise price	$ 1
Number of warrants	13,062,878
Remaining contractual life (years)	2 years 6 months
Expiry	Sep. 25, 2021
$1.04 [Member]
Class of Warrant or Right
Exercise price	$ 1
Number of warrants	13,062,878
Remaining contractual life (years)	2 years 6 months

Shareholders' Equity and Capi_9

Shareholders' Equity and Capital Stock - addl information (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)shares	Mar. 31, 2018USD ($)shares	Mar. 30, 2018shares	Mar. 31, 2019$ / shares	Mar. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018$ / sharesshares	Sep. 25, 2018shares
Stockholder's Equity Note [Line Items]
Vesting period	5 years
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $					$ 1,470
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0
Share Price | $ / shares				$ 1.05
Number of RSUs Vested	9,053
Percent or RSUs that vest	9,053
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Outstanding, Number					9,631,612	9,731,612
stock options exercisable					5,913,421
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number					6,113,421
Stock based compensation | $	$ 188	$ 330
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | $	$ 100
Proceeds from Stock Options Exercised | $		$ 42
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares					$ 1	$ 1
Warrants
Stockholder's Equity Note [Line Items]
Number of securities called by each warrant							13,062,878
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares					$ 0.01
In Money Stock Option [Member]
Stockholder's Equity Note [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Outstanding, Number					9,431,612
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options | $					$ 1,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition	2 years 2 months 12 days
Restricted Stock Units (RSUs) [Member]
Stockholder's Equity Note [Line Items]
Number of RSUs Vested			62,000
Percent or RSUs that vest			62,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options | $					$ 500
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition	1 year 3 months 18 days
Granted, Options	0	0
Restricted Stock Units (RSUs) [Member] | Capital Stock
Stockholder's Equity Note [Line Items]
Number of securities called by each warrant					1
First Anniversary [Member]
Stockholder's Equity Note [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Percentage	33.30%
First Anniversary [Member] | Employee Stock Option [Member]
Stockholder's Equity Note [Line Items]
Stock Option Vesting Period	3 years
Second Anniversary [Member]
Stockholder's Equity Note [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Percentage	33.30%
Third Anniversary (Member)
Stockholder's Equity Note [Line Items]
Share-Based Compensation Arrangement By Share-Based Payment Award, Award Vesting Percentage	33.40%

Sales (Details)

Sales (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Sales
Sales	$ 4,812	$ 19,672
Disposal fee income		9
Sales Revenue, Goods, Net [Member]
Sales
Sales	2,406	237
Sale Of Purchased Inventory [Member]
Sales
Sales	2,406	19,426
Company A [Member]
Sales
Sales	2,406
Company A [Member] | Sales Revenue, Goods, Net [Member]
Sales
Sales	2,406
Company B [Member]
Sales
Sales		237
Company B [Member] | Sale Of Purchased Inventory [Member]
Sales
Sales		15,636
Company C [Member] | Sale Of Purchased Inventory [Member]
Sales
Sales		3,790
Company A, B, C, D [Member]
Sales
Sales	$ 4,812	$ 19,663
Customer Concentration Risk [Member]
Sales
Concentration Risk, Percentage	100.00%	100.00%
Disposal Fees Concentration Risk Percentage	0.00%	0.00%
Customer Concentration Risk [Member] | Sales Revenue, Goods, Net [Member]
Sales
Concentration Risk, Percentage	50.00%	1.20%
Customer Concentration Risk [Member] | Sale Of Purchased Inventory [Member]
Sales
Concentration Risk, Percentage	50.00%	98.80%
Customer Concentration Risk [Member] | Company A [Member]
Sales
Concentration Risk, Percentage	50.00%	0.00%
Customer Concentration Risk [Member] | Company A [Member] | Sales Revenue, Goods, Net [Member]
Sales
Concentration Risk, Percentage	50.00%	0.00%
Customer Concentration Risk [Member] | Company B [Member]
Sales
Concentration Risk, Percentage	0.00%	1.20%
Customer Concentration Risk [Member] | Company B [Member] | Sale Of Purchased Inventory [Member]
Sales
Concentration Risk, Percentage	0.00%	79.50%
Customer Concentration Risk [Member] | Company C [Member] | Sale Of Purchased Inventory [Member]
Sales
Concentration Risk, Percentage	0.00%	19.30%
Customer Concentration Risk [Member] | Company A, B, C, D [Member]
Sales
Concentration Risk, Percentage	100.00%	100.00%

Supplementary Information For_3

Supplementary Information For Statement of Cash Flows (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Supplementary Information For Statement of Cash Flows
Cash and cash equivalents	$ 3,916	$ 6,372	$ 9,169
Restricted cash	7,460	7,458	7,458
Total	$ 11,376	$ 13,830	$ 16,627	$ 11,437

Financial instruments (Details)

Financial instruments (Details) - 3 months ended Mar. 31, 2019	USD ($)item	$ / shares	USD ($)
Financial Instruments
Cash, insured amount			$ 800,000
Sales agreement maximum sales proceeds of stock issuance and sales	$ 10,000,000
Share Price | $ / shares		$ 1.05
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transferor Servicing Assets Or Liabilities Change In Basis Points | item	100
Credit Concentration Risk
Financial Instruments
Cash, uninsured amount			$ 10,600,000
Minimum
Financial Instruments
Financial Liabilities Trade Terms Period	30 days
Minimum | Credit Availability Concentration Risk
Financial Instruments
Debt Instrument, Term	3 years
Maximum
Financial Instruments
Financial Liabilities Trade Terms Period	60 days