Western Uranium & Vanadium (WSTRF) 10-Q 18 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 17, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	Western Uranium Corp
Entity Central Index Key	1,621,906
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		17,875,547

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash	$ 474,681	$ 214,482
Prepaid expenses	156,879	119,656
Marketable securities	3,039	2,880
Restricted cash, current portion	215,976
Other current assets	21,638	15,774
Total current assets	872,213	352,792
Land, buildings and improvements		1,050,810
Restricted cash, net of current portion	820,357	1,036,286
Mineral properties	11,645,218	11,645,218
Ablation intellectual property	9,488,051	9,488,051
Total assets	22,825,839	23,573,157
Current liabilities:
Accounts payable and accrued liabilities	793,115	825,101
Mortgage payable		1,051,000
Deferred contingent consideration	372,000	500,000
Subscription payable		198,298
Current portion of reclamation liability	215,976
Current portion of notes payable	295,513	490,193
Total current liabilities	1,676,604	3,064,592
Reclamation liability, net of current portion	187,663	220,129
Deferred tax liability	4,063,330	4,063,330
Notes payable, net of discount and current portion	463,677	449,984
Total liabilities	6,391,274	7,798,035
Shareholders' Equity
Common stock, no par value, unlimited authorized shares, 17,875,547 and 16,230,733 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively	19,904,591	17,658,042
Accumulated deficit	(3,474,151)	(1,951,564)
Accumulated other comprehensive income	4,125	68,644
Total shareholders' equity	16,434,565	15,775,122
Total liabilities and shareholders' equity	$ 22,825,839	$ 23,573,157

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, no par value
Common stock, shares authorized	Unlimited	Unlimited
Common stock, shares issued	17,875,547	16,230,733
Common stock, shares outstanding	17,875,547	16,230,733

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Expenses
Mining expenditures	$ 119,711	$ 210,688	$ 331,798	$ 301,388
Professional fees	200,734	123,763	526,826	324,529
General and administrative	103,412	51,591	277,515	169,812
Consulting fees	95,179	49,420	252,048	125,158
Unrealized foreign exchange gain			(128,000)
Loss from operations	(519,036)	(435,462)	(1,260,187)	(920,887)
Accretion and interest expense	25,135	23,512	262,400	68,588
Net loss	(544,171)	(458,974)	(1,522,587)	(989,475)
Other comprehensive loss
Foreign exchange (loss) gain	(10,735)	18,447	(64,519)	16,450
Comprehensive Loss	$ (554,906)	$ (440,527)	$ (1,587,106)	$ (973,025)
Loss per share - basic and diluted	$ (0.03)	$ (0.04)	$ (0.09)	$ (0.08)
Weighted average shares outstanding, basic and diluted	17,301,151	12,720,697	16,752,130	12,187,646

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - 9 months ended Sep. 30, 2016 - USD ($)	Total	Common Shares	Accumulated Deficit	Accumulated Comprehensive Other Income
Balance at Dec. 31, 2015	$ 15,775,122	$ 17,658,042	$ (1,951,564)	$ 68,644
Balance, shares at Dec. 31, 2015		16,230,733
Issuance of 101,009 shares of common stock	216,534	$ 216,534
Issuance of 101,009 shares of common stock, shares		101,009
Issuance of 465,347 shares of common stock	622,174	$ 622,174
Issuance of 465,347 shares of common stock, shares		465,347
Issuance of 1,078,458 shares of common stock, net of costs	1,407,841	$ 1,407,841
Issuance of 1,078,458 shares of common stock, net of costs, Shares		1,078,458
Foreign exchange loss	(64,519)			(64,519)
Net loss	(1,522,587)		(1,522,587)
Balance at Sep. 30, 2016	$ 16,434,565	$ 19,904,591	$ (3,474,151)	$ 4,125
Balance, shares at Sep. 30, 2016		17,875,547

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Shareholders' Equity (Parenthetical) (Unaudited) - Common Shares	9 Months Ended
	Sep. 30, 2016shares
Issuance of common stock	101,009
Issuance of common stock	465,347
Issuance of common stock	1,078,458

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash Flows From Operating Activities:
Net loss	$ (1,522,587)	$ (989,475)
Reconciliation of net loss to cash used in operating activities:
Accretion of reclamation liability	183,510	27,700
Amortization of debt discount on notes payable	59,013	27,320
Change in foreign exchange on marketable securities	(159)
Change in operating assets and liabilities:
Accounts receivable		13,866
Prepaid expenses and other current assets	(43,134)	(31,957)
Restricted cash		(190)
Deferred contingent consideration	(128,000)
Accounts payable and accrued liabilities	(32,176)	81,700
Net cash used in operating activities	(1,483,533)	(871,036)
Cash Flows From Investing Activities:
Purchase of property and equipment		(21,810)
Acquisition of Black Range - cash acquired		4,190
Advance on Credit Facility to Black Range		(363,074)
Net cash used in investing activities		(380,694)
Cash Flows From Financing Activities:
Payment of Nueco Note	(90,000)	(253,346)
Payment of Siebels Note	(250,000)
Proceeds from the sale of common stock in private placements, net of offering costs	2,048,251	1,353,793
Proceeds from Siebels Note	100,000
Net cash provided by financing activities	1,808,251	1,100,447
Effect of foreign exchange rate on cash	(64,519)	16,450
Net increase (decrease) in cash	260,199	(134,833)
Cash - beginning	214,482	172,909
Cash - ending	474,681	38,076
Cash paid during the period for:
Interest	31,477	15,000
Non-cash financing activities:
Shares issued from subscription payable	198,298
Exchange of mortgage payable for land & buildings	$ 1,051,000

Business

Business	9 Months Ended
	Sep. 30, 2016
Business [Abstract]
BUSINESS	NOTE 1 - BUSINESS Nature of operations Western Uranium Corporation ("Western” or the “Company") was incorporated in December 2006 under the Ontario Business Corporations Act. On November 20, 2014, the Company completed a listing process on the Canadian Securities Exchange ("CSE"). As part of that process, the Company acquired 100% of the members' interests of Pinon Ridge Mining LLC ("PRM"), a Delaware limited liability company. The transaction constituted a reverse takeover ("RTO") of Western by PRM. Subsequent to obtaining appropriate shareholder approvals, the Company reconstituted its Board of Directors and senior management team. Effective September 16, 2015, Western completed its acquisition of Black Range Minerals Limited (“Black Range”). The Company has registered offices at 10 King Street East, Suite 700, Toronto, Ontario, Canada, M5C 1C3 and its common shares are listed on the CSE under the symbol "WUC." On April 22, 2016, the Company’s shares of common stock began trading on the OTC Pink, and on May 23, 2016, the Company’s common stock was approved for the commencement of trading on the OTCQX Best Market. Its principal business activity is the acquisition and development of uranium resource properties in the states of Utah and Colorado in the United States of America. On June 28, 2016, the Company’s registration statement became effective and Western became a U.S. reporting issuer. Thereafter, the Company was approved for Depository Trust Company eligibility through the Depository Trust and Clearing Corporation, which facilitates electronic book-entry delivery, settlement and depository services for shares in the United States.

Liquidity and Going Concern

Liquidity and Going Concern	9 Months Ended
	Sep. 30, 2016
Liquidity and Going Concern [Abstract]
LIQUIDITY AND GOING CONCERN	NOTE 2 - LIQUIDITY AND GOING CONCERN The Company has incurred continuing losses from its operations and as of September 30, 2016 the Company has an accumulated deficit of $3,474,151 and a working capital deficit of $804,391. Since inception, the Company has met its liquidity requirements principally through the issuance of notes and the sale of its shares of common stock. The Company’s ability to continue its operations and to pay its obligations when they become due is contingent upon the Company obtaining additional financing. Management’s plans include seeking to procure additional funds through debt and equity financings and to initiate the processing of ore to generate operating cash flows. There are no assurances that the Company will be able to raise capital on terms acceptable to the Company or at all, or that cash flows generated from its operations will be sufficient to meet its current operating costs and required debt service. If the Company is unable to obtain sufficient amounts of additional capital, it may be required to reduce the scope of its planned product development, which could harm its financial condition and operating results, or it may not be able to continue to fund its ongoing operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. Pursuant to the Company’s capital raising objectives, during April and May 2016 the Company raised CAD $791,090 (USD $622,174) in a private placement ( see Note 10) On September 2, 2016 the Company completed a private placement and issued 1,078,458 units at CAD $1.70 (USD $1.32) per unit for total gross proceeds of USD $1,423,618. Each unit consists of one common share of the Company and one warrant at an exercise price of CAD $2.80 which expires five years after the date of issuance. The Company intends to use the net proceeds from this capital raise to pay the costs of the acquisition of Black Range, to fund the development of the Company’s ablation technology, to fund mine production preparation, to pay down certain of the Company’s notes payable, and for working capital purposes ( see Note 10

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2015 and related notes thereto which were included in the Company’s form 10-12G filed with the Securities and Exchange Commission on July 22, 2016. The accompanying unaudited condensed consolidated financial statements include the accounts of Western and its wholly-owned subsidiaries, Western Uranium Corp., Pinon Ridge Mining LLC, Black Range Minerals Limited, Black Range Copper Inc., Ranger Resources Inc., Black Range Minerals Inc., Black Range Minerals Colorado LLC, Black Range Minerals Wyoming LLC, Haggerty Resources LLC, Ranger Alaska LLC, Black Range Minerals Utah LLC, Black Range Minerals Ablation Holdings Inc. and Black Range Development Utah LLC. All significant inter-company transactions and balances have been eliminated upon consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management's estimates and assumptions include determining the fair value of transactions involving shares of common stock, assessment of the useful life and evaluation for impairment of intangible assets, valuation and impairment assessments on mineral properties, deferred contingent consideration, the reclamation liability, valuation of stock-based compensation, valuation of available-for-sale securities and valuation of long-term debt and asset retirement obligations. Other areas requiring estimates include allocations of expenditures, depletion and amortization of mineral rights and properties. Actual results could differ from those estimates. Foreign Currency Translation The reporting currency of the Company, including its subsidiaries, is the United States dollar. The financial statements of subsidiaries located outside of the U.S. are measured in their functional currency, which is the local currency. The functional currency of the parent is the Canadian dollar. Monetary assets and liabilities of these subsidiaries are translated at the exchange rates at the balance sheet date. Income and expense items are translated using average monthly exchange rates. Non-monetary assets are translated at their historical exchange rates. Translation adjustments are included in accumulated other comprehensive loss in the condensed consolidated balance sheets. Fair Values of Financial Instruments The fair value of financial instruments in the Company’s consolidated financial statements at September 30, 2016 and December 31, 2015 are as follows: Quoted Prices in Active Markets Quoted Prices Significant Marketable securities at September 30, 2016 $ 3,039 $ - $ - Marketable securities at December 31, 2015 $ 2,880 $ - $ - Loss per Share Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method). The computation of basic loss per share for the three and nine month periods ended September 30, 2016 and 2015 excludes potentially dilutive securities. The computations of net loss per share for each period presented is the same for both basic and fully diluted. Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive. For the 2016 2015 Warrants to purchase shares of common stock 1,644,814 - Options to purchase shares of common stock 271,996 271,996 Total potentially dilutive securities 1,916,810 271,996

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2016
Recent Accounting Pronouncements [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 4 - RECENT ACCOUNTING PRONOUNCEMENTS On February 25, 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, Leases (Topic 842). This update will require organizations that lease assets to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The new guidance will also require additional disclosures about the amount, timing and uncertainty of cash flows arising from leases. The provisions of this update are effective for annual and interim periods beginning after December 15, 2018. The Company is currently evaluating the impact the adoption of this ASU will have on the Company’s financial position and results of operations. On March 30, 2016, the FASB issued ASU No. 2016-09, “Compensation – Stock Compensation (Topic 718)”. This update requires that all excess tax benefits and tax deficiencies arising from share-based payment awards should be recognized as income tax expense or benefit on the income statement. The amendment also states that excess tax benefits should be classified along with other income tax cash flows as an operating activity. In addition, an entity can make an entity-wide accounting policy election to either estimate the number of awards expected to vest or account for forfeitures as they occur. The provisions of this update are effective for annual and interim periods beginning after December 15, 2016. The Company is currently evaluating the impact the adoption of this standard will have on its financial statements. In April 2016, the FASB issued ASU No. 2016-10 “Revenue from Contracts with Customers (Topic 606)”, “Identifying Performance Obligations and Licensing” (“ASU 2016-10”). ASU 2016-10 clarifies the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. The provisions of this update are effective for annual and interim periods beginning after December 15, 2017, with early application permitted. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. In May 2016, the FASB issued ASU No. 2016-12 “Revenue from Contracts with Customers (Topic 606)”, “Narrow-Scope Improvements and Practical Expedients” (“ASU 2016-12”). The core principal of ASU 2016-12 is the recognition of revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The provisions of this update are effective for annual and interim periods beginning after December 15, 2017, with early application permitted. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. In June 2016 the FASB issued ASU No.2016-13 “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments”. ASU No. 2016-13 changes the impairment model for most financial assets. The new model uses a forward-looking expected loss method, which will generally result in earlier recognition of allowances for losses. ASU 2016-13 is effective for annual and interim periods beginning after December 15, 2019 and early adoption is permitted for annual and interim period beginning after December 15, 2018. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements. In August 2016 the FASB issued ASU No. 2016-15 “Statement of Cash Flows (Topic 230) – Classification of Certain Cash Receipts and Cash Payments”. ASU No. 2016-15 clarifies diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash. The update to the standard is effective for the Company beginning January 1, 2018, with early application permitted. The Company is currently evaluating the effect the guidance will have on its consolidated financial statements. In October 2016 the FASB issued ASU No, 2016-16 “Income Taxes (Topic 740) – Intra-Entity Transfers of Assets other than Inventory”. ASU No. 2016-16 modifies the current exception to income tax accounting that required companies to defer the income tax effect of certain intercompany transactions. ASU No. 2016-16 only allows companies to defer the income tax effect of intercompany inventory transactions under an exception to the guidance on income taxes that currently applies to intercompany sales and transfers of all assets. The update to the standard is effective for the Company beginning January 1, 2018, with early application permitted as of the beginning of an annual period. The Company is currently evaluating the effect the guidance will have on its consolidated financial statements. In October 2016 the FASB issued ASU No. 2016-17 “Consolidation (Topic 810) – Interests Held through Related Parties that are under Common Control”. ASU No. 2016-17 changes the evaluation of whether a reporting entity is the primary beneficiary of a variable interest entity (“VIE”) and how a reporting entity that is a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The update to the standard is effective for the Company beginning January 1, 2017, with early application permitted. The Company is currently evaluating the effect the guidance will have on its consolidated financial statements.

Mineral Assets, Ablation Intell

Mineral Assets, Ablation Intellectual Property and Other Property	9 Months Ended
	Sep. 30, 2016
Mineral Assets, Ablation Intellectual Property and Other Property [Abstract]
MINERAL ASSETS, ABLATION INTELLECTUAL PROPERTY AND OTHER PROPERTY	NOTE 5 - MINERAL ASSETS, ABLATION INTELLECTUAL PROPERTY AND OTHER PROPERTY On August 18, 2014, the Company purchased mining assets in an arm's length transaction. The mining assets include both owned and leased land in the states of Utah and Colorado. All of the mining assets represent properties which have previously been mined to different degrees for uranium. As the Company has not formally established proven or probable reserves on any of its properties, there is greater inherent uncertainty as to whether or not any mineralized material can be economically extracted as originally planned and anticipated. The Company’s mining properties acquired on August 18, 2014, include: San Rafael Uranium Project located in Emery County, Utah; The Sunday Mine Complex located in western San Miguel County, Colorado; The Van 4 Mine located in western Montrose County, Colorado; The Yellow Cat Project located in eastern Grand County, Utah; The Farmer Girl Mine project located in Montrose County, Colorado; The Sage Mine project located in San Juan County, Utah, and San Miguel County, Colorado. On September 16, 2015, Western completed its acquisition of Black Range. In connection with the acquisition of Black Range, Western acquired the net assets of Black Range. These net assets consist principally of interests in a complex of uranium mines located in Colorado (the “Hansen-Taylor Complex”) and a 100% interest in a 25 year license for ablation mining technologies and related patents from Ablation Technologies, LLC. The Hansen-Taylor Complex is principally a sandstone-hosted deposit that was discovered in 1977. Ablation is a low cost, purely physical method of sorting uranium ore by applying a grain-size separation process to ore slurries. During the third quarter of 2016, the Company began to reduce the number of mines it owns that do not meet the Company’s economic requirements for its mining assets. In September 2016, the Company elected not to renew the leases of two mines that were obtained through the acquisition of Black Range. The decision to not renew these two leases was based upon a number of factors, the most significant of which were the location of the mines and the amounts of Vanadium and Uranium within these mines. The forfeiture of these leases has no material adverse impact on the fair value of the Company’s mining assets. The Company’s mining and mining related assets consist of the following: As of: September 30, 2016 December 31, 2015 Land, building and improvements $ - $ 1,050,810 Mineral properties $ 11,645,218 $ 11,645,218 Ablation intellectual property $ 9,488,051 $ 9,488,051 On May 26, 2016, the Company executed agreements with the mortgage holder whereby in an equal exchange the mortgage was exchanged for the land, building and improvements with which it was secured ( see Note 8 On June 1, 2016, Black Range entered into an agreement with Ferris-Haggarty Mining Corporation to transfer all available data, information, materials, reports, assay analysis, or other regarding the Ferris-Haggarty Copper Project in Carbon County, WY from 2006 through 2009. In exchange Black Range Minerals Inc. received 100,000 Common Class A Voting shares of Ferris-Haggarty Mining Corporation. The transaction is deemed to lack commercial substance because neither the fair value of the data relinquished nor the fair value of the shares are determinable within reasonable limits, given that there is no market for the data and that the Company does not have enough information to reliably determine a value for the shares. Since the exchange of data for shares of Ferris-Haggarty lacks commercial substance, the value of the exchange will be based on the recorded value of the asset relinquished (the data), which is $0.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	9 Months Ended
	Sep. 30, 2016
Accounts Payables and Accrued liabilities [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	NOTE 6 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES As of As of 2016 2015 Trade accounts payable $ 574,844 $ 520,530 Accrued liabilities 218,271 304,571 Total accounts payable and accrued liabilities $ 793,115 $ 825,101

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2016
Notes Payable & Mortgage [Abstract]
NOTES PAYABLE	NOTE 7 - NOTES PAYABLE EFHC Note On August 18, 2014, in connection with the purchase of the mining properties, the Company entered into a note payable with Energy Fuels Holding Corporation (“EFHC”) (the “EFHC Note”) for $500,000. The EFHC Note bears interest at a rate of 3.0% per annum and is secured by a first priority interest in certain of the Company’s mining assets. On the date of the purchase, the Company recorded the EFHC Note net of a discount for interest of $73,971 at a rate of 4% per annum, resulting in a total effective interest rate of 7% per annum. The discount is being amortized using the effective interest method over the life of the loan. All principal on the EFHC Note is due and payable on August 18, 2018 and interest on the EFHC Note is due and payable annually beginning August 18, 2015. Nueco Note On August 18, 2014, also in connection with the purchase of the mining properties, the Company entered into a Note Assumption Agreement with EFHC and Nuclear Energy Corporation (“Nueco”), whereby the Company assumed all of the obligations of EFHC under its note payable with Nueco (the “Nueco Note”). The Nueco Note bears no stated interest rate and is secured by certain of the Company’s mining assets. On the date of the purchase, the Company recorded the Nueco Note net of a discount for interest of $23,724 at a rate of 7% per annum. The discount is being amortized using the effective interest method over the life of the loan. The Nueco payment due on December 20, 2014 in the amount of $250,180 was made on January 5, 2015 without penalty other than additional interest at 6% per annum. As of December 31, 2015, the Nueco Note had a remaining obligation outstanding of $250,180, the due date of which was extended to January 13, 2016. In connection with the extension, the Company agreed to add interest from the date of October 13, 2015 until the date paid at the annual rate of one percent (1%) per annum. On February 8, 2016, the Company and the lender agreed to further extend the maturity of the Nueco Note to June 2016. In consideration for the extension the Company increased the principal amount by 10% (or $25,384), increased the interest rate to 6% per annum and paid a $5,000 fee that did not reduce the interest or principal. On June 20, 2016, the Company further extended the maturity of the Nueco Note to July 31, 2016. In consideration for the extension, the Company paid a $5,000 fee that did not reduce the interest or principal on the Nueco Note. On August 8, 2016, accrued interest was paid in the amount of $13,477. On August 16, 2016, the Company further extended the maturity of the Nueco Note to November 16, 2016. In consideration for the extension, the Company paid a fee of $10,000 which did not reduce the interest or principal on the Nueco Note. Further, a principal payment of $90,000 was made on August 23, 2016, which reduced the outstanding principal amount to $189,220. The August 16, 2016 extension was accounted for as a modification, and as such, the extension fees were accounted for as additional debt discount and were amortized over the remaining extended term of the note. The maturity payment was not made on November 16, 2016, and thus, as of November 17, 2016, the Nueco Note was, and remains , in default. Siebels Note On September 30, 2015 the Company entered into a note payable (“Siebels Note”) with The Siebels Hard Asset Fund, Ltd. (“Siebels”) for $250,000, which was fully funded on October 14, 2015. The Siebels Note bears interest at a rate of 16.0% per annum and was to mature on December 15, 2015. On December 16, 2015 the Company and the lender agreed to extend the maturity of the Siebels Note until June 16, 2016. In consideration for the extension of the repayment, the accrued interest at the time of extension of $8,333 was reclassified to principal, bringing the principal of the Siebels Note to $258,423. Also in consideration for such extension the interest rate was increased to 18% per annum. The Company did not repay the note upon its maturity on June 16, 2016. On July 29, 2016, a partial principal payment in the amount of $100,000 was made and on September 9, 2016, a partial principal payment in the amount of $50,000 was made. After the remittance of the aforementioned principal payments, the balance remaining outstanding as of November 11, 2016 was $108,423. As such, the Siebels Note was in default as of June 2016 and remains in default. Siebels has not made a formal demand for repayment and has verbally agreed to work with the Company to arrange for alternative repayment terms acceptable to both parties. On February 22, 2016, the Company entered into a second note payable with Siebels for $100,000. The note bore interest at a rate of 18.0% per annum and matured on April 22, 2016. On April 28, 2016, the Company repaid this note in full. Notes payable consisted of: As of September 30, 2016 Principal Discount Balance, Net Current Non-Current EFHC $ 500,000 $ 36,323 $ 463,677 $ - $ 463,677 Nueco 189,220 5,099 184,121 184,121 - Siebels 111,392 - 111,392 111,392 - Total $ 800,612 $ 41,422 $ 759,190 $ 295,513 $ 463,677 During the three months ended September 30, 2016 and 2015, the Company’s interest expense on notes payable was $29,666, and $23,512, respectively, including the amortization of debt discounts. Interest expense on notes payable for the nine months ended September 30, 2016 and 2015 was $112,046 and $68,588, respectively. As of December 31, 2015 Principal Discount Balance, Net Current Non-Current EFHC $ 500,000 $ 50,016 $ 449,984 $ - $ 449,984 Nueco 250,180 - 250,180 250,180 - Siebels 240,013 - 240,013 240,013 - Total $ 990,193 $ 50,016 $ 940,177 $ 490,193 $ 449,984

Mortgage

Mortgage	9 Months Ended
	Sep. 30, 2016
Notes Payable & Mortgage [Abstract]
MORTGAGE	NOTE 8 - MORTGAGE In connection with the acquisition of Black Range, Western assumed a mortgage secured by land, building and improvements at 1450 North 7 Mile Road, Casper, Wyoming, with interest payable at 8.00% and payable in monthly payments of $11,085 with the final balance of $1,044,015 due as a balloon payment on January 16, 2016. The Company did not make the final balloon payment as scheduled. On May 26, 2016, the Company executed agreements with the mortgage holder whereby in an equal exchange the mortgage was exchanged for the land, building and improvements with which it was secured, and pursuant to which no future financial consideration is required.

Reclamation Liability

Reclamation Liability	9 Months Ended
	Sep. 30, 2016
Reclamation Liability [Abstract]
RECLAMATION LIABILITY	NOTE 9 - RECLAMATION LIABILITY The reclamation liabilities of the US mines are subject to legal and regulatory requirements, and estimates of the costs of reclamation are reviewed periodically by the applicable regulatory authorities. The reclamation liability represents the Company’s best estimate of the present value of future reclamation costs in connection with the mineral properties. The Company determined the gross reclamation liabilities at September 30, 2016 and December 31, 2015 of the mineral properties to be approximately $1,036,286 and $1,036,286, respectively. During the three months ended September 30, 2016 and 2015, the accretion of the reclamation liabilities was $3,096 and $2,066, respectively. During the nine months ended September 30, 2016 and 2015, the accretion of the reclamation liabilities was $183,510 and $27,700, respectively. Except in regard to its Alaska coal mine property (as discussed below), The Company expects to begin incurring the reclamation liability after 2054 and accordingly, has discounted the gross liabilities over a thirty year life using a discount rate of 5.4% to a net discounted value as of September 30, 2016 and December 31, 2015 of $403,639 and $220,129, respectively. The gross reclamation liabilities as of September 30, 2016 are secured by certificates of deposit in the amount of $1,036,333. During the second quarter of 2016, the Company initiated actions to cancel its coal mining leases in Alaska. In connection therewith, the Company notified the state of Alaska of its intent to forfeit the posted bond in satisfaction of the reclamation liabilities at the site. In response to the Company’s notification, the Company received notification that the state of Alaska was initiating forfeiture of the Company’s performance bond for reclamation. However, the notice indicated an additional surety bond of $150,000 in excess of the $210,500 cash bond which had been posted by the Company upon purchase of the property. The Company and its advisors do not believe that it is obligated for this additional amount of claimed reclamation obligation. The Company is working with its legal counsel and the State of Alaska to resolve this matter. The Company has not recorded an additional $150,000 obligation as the Company does not expect, based on the advice of legal counsel, to be obligated to an amount greater than that presently reflected in the reclamation liability. During the nine months ended September 30, 2016, the Company adjusted the fair value of its reclamation obligation and for the Alaska mine, accreted $174,412 to bring its reclamation liability to face value. The portion of the reclamation liability related to the Alaska mine, and its related restricted cash are included in current liabilities, and current assets, respectively, at a value of $215,976.

Share Capital and Other Equity

Share Capital and Other Equity Instruments	9 Months Ended
	Sep. 30, 2016
Share Capital and Other Equity Instruments [Abstract]
SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS	NOTE 10 - SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS Private Placements On January 4, 2016, the Company completed a private placement raising gross proceeds of CAD $300,000 through the subscription for 101,009 common shares at a price of CAD $2.97 (USD $2.14) per common share, and warrants to purchase aggregate of 101,009 common shares at an exercise price of CAD $3.50. This offering closed on December 31, 2015. Of the total amount received, CAD $275,000 (USD $198,298) was received in December of 2015 while the remainder CAD $25,000 (USD $18,236) was received in the three months ended March 31, 2016. The warrants are exercisable immediately upon issuance and expire five years from the date of issuance. As of December 31, 2015, the Company accounted for the proceeds of $198,298 as subscriptions payable. During April 2016, the Company initiated a private placement offering for the sale of units of its securities for a price per unit of CAD $1.70 (USD $1.34). Each unit consists of one share of the Company’s common stock and one warrant to purchase a share of common stock at CAD $2.60 per share, with a term of five years. During April and May 2016 the Company raised gross proceeds of CAD $791,090 (USD $622,174) through the issuance of 465,347 units. On September 2, 2016 the Company completed a private placement issuing 1,078,458 units at CAD $1.70 (USD $1.32) per unit for total gross proceeds of USD $1,423,618 and net proceeds of USD $1,407,841. Each unit consists of one common share of the Company and one warrant at an exercise price of CAD $2.80 which expire five years after the date of issuance. The Company used this capital raise to pay the costs of the acquisition of Black Range, to fund the development of the Company’s ablation technology, to fund mine production preparation and for working capital purposes. During the nine months ended September 30, 2016, the Company issued 1,644,814 shares of common stock in connection with these private placements. Incentive Stock Option Plan The Company maintains an Incentive Stock Option Plan (the “Plan”) that permits the granting of stock options as incentive compensation. Shareholders of the Company approved the Plan on June 30, 2008 and amendments to the Plan on June 20, 2013, and the Board of Directors approved additional changes to the Plan on September 12, 2015. The purpose of the Plan is to attract, retain and motivate directors, management, staff and consultants by providing them with the opportunity, through stock options, to acquire a proprietary interest in the Company and benefit from its growth. At both September 30, 2016 and December 31, 2015, a total of 271,996 stock options issued under the Plan were outstanding. All of those options were issued in connection with the Company’s acquisition of Black Range Minerals Limited (“Black Range”) to replace options previously issued by Black Range to its former offers and directors. The Plan provides that the aggregate number of common shares for which stock options may be granted will not exceed 10% of the issued and outstanding common shares at the time stock options are granted. At December 31, 2015, a total of 16,230,733 common shares were outstanding, and at that date the maximum number of stock options eligible for issue under the Plan was 1,623,073 (10% of the issued and outstanding common shares). At September 30, 2016, a total of 16,797,089 common shares were outstanding, and at that date the maximum number of stock options eligible for issue under the Plan was 1,679,708. Stock Options Granted In connection with the acquisition of Black Range, the Board of Directors granted options for the purchase of 271,996 shares of the Company’s common stock to certain of the former directors, employees and consultants of Black Range. On the date of grant, these options were fully vested, had a weighted average exercise price of CAD $6.39 (USD $4.91) and a weighted average remaining contractual life of 3.52 years and had a grant date fair value of $1.59 per share. As of September 30, 2016, these stock options had a remaining contractual life of 2.77 years and had no intrinsic value. These stock options became exercisable on January 17, 2016. Subsequent to the period end the Company issued additional options under the Company’s Incentive Stock Option Plan (See Note 13 – Subsequent Events Warrants As of September 30, 2016, there were warrants outstanding to purchase an aggregate of 1,644,814 shares of the Company’s common stock at an exercise price of CAD $2.79 (USD $2.12) per share. These warrants have a weighted average remaining life of 4.78 years and were fully exercisable on date of grant.

Mining Expenditures

Mining Expenditures	9 Months Ended
	Sep. 30, 2016
Mining Expenditures [Abstract]
MINING EXPENDITURES	NOTE 11 - MINING EXPENDITURES For the Three Months Ended For the Nine Months Ended 2016 2015 2016 2015 Permits $ 72,362 $ 36,061 $ 188,736 $ 102,396 Maintenance and Contract Labor 38,299 174,627 126,512 198,992 Royalties 9,050 - 16,550 - Total mining expenditures $ 119,711 $ 210,688 $ 331,798 $ 301,388

Related Party Transactions (Inc

Related Party Transactions (Including key Management Compensation)	9 Months Ended
	Sep. 30, 2016
Related Party Transactions (Including key Management Compensation) [Abstract]
RELATED PARTY TRANSACTIONS (INCLUDING KEY MANAGEMENT COMPENSATION)	NOTE 12 - RELATED PARTY TRANSACTIONS (INCLUDING KEY MANAGEMENT COMPENSATION) The Company has transacted with related parties pursuant to service arrangements in the ordinary course of business, as follows: An entity controlled by a member of the Board of Directors earned consulting fees totaling $9,117 and $22,680 for the three months ended September 30, 2016 and 2015, respectively and $27,350 and $50,037 for the nine months ended September 30, 2016 and 2015, respectively. The same director earned director fees totaling $1,519 and $1,489 during the three months ended September 30, 2016 and 2015, respectively, and $3,093 and $7,747 for the nine months ended September 30, 2016 and 2015, respectively. As of September 30, 2016 and December 31, 2015, the Company has $1,519 and $0, respectively, in accounts payable and accrued liabilities owing to this director. Pursuant to a consulting agreement, a US limited liability company owned by a person who is a director and until October 19, 2016, was the Company’s CFO, entered into a contract with the Company effective January 1, 2015 (“January 2015 Agreement”) to provide financial and consulting services at an annual consultant fee of $100,000. The contract had a term of one year. On October 21, 2015, the Company entered into an additional agreement with this same company to provide additional services to the Company, for the term of October through December 2015 for a monthly fee of $6,500. On January 1, 2016, the Company entered into an agreement with a different US limited liability company owned by the same director (“January 2016 Agreement”) to provide financial and other consulting services at $8,333 per month. During the three months ended September 30, 2016 and 2015, the Company incurred fees of $25,000 and $25,000, respectively, to these companies. During the nine months ended September 30, 2016 and 2015, the Company incurred fees of $75,000 and $75,000, respectively, to these companies. At September 30, 2016 and December 31, 2015, the Company had $8,333 and $6,500, respectively, included in accounts payable and accrued liabilities payable to these companies. (See Note 13 – Subsequent Events). In connection with the acquisition of Black Range on September 16, 2015, Western assumed an obligation in the amount of AUS $500,000 payable to Western’s CEO and director contingent upon the commercialization of the ablation technology. As at September 30, 2016, the obligation of $372,000 is included in the condensed consolidated balance sheet. During the three and nine months ended September 30, 2016, the Company recorded a gain of $0 and $128,000 respectively, on the translation of the obligation and such gain, was reflected within the “unrealized foreign exchange gain” in the statement of operations and comprehensive loss. Pursuant to a consulting agreement, a US limited liability company owned by a person who is a director entered into a consulting contract with the Company effective April 1, 2016 to provide financial, advisory, and consulting services, including representing the Company to a variety of stakeholders for a six month term ending on September 30, 2016. Professional fees for the three and nine months ended September 30, 2016 were $45,000 and $75,000, respectively, related to this agreement. As of September 30, 2016 and December 31, 2015, the Company had $0 and $0, respectively, included in accounts payable and accrued expenses payable to this entity.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 13 - SUBSEQUENT EVENTS Stock Option Grants On October 4, 2016, the Company granted an aggregate of 1,075,000 options for the purchase of common shares to ten officers, consultants, directors and employees of the Company under the Company's Incentive Stock Option Plan. The options shall have an exercise price of CAD $2.50 vesting equally commencing initially on the effective date of grant of October 4, 2016 and thereafter on October 31, 2016, and March 31, 2017 with a five-year term from the date of vesting. Consulting Agreement Pursuant to a consulting agreement, the January 2016 Agreement was cancelled and a new agreement was entered into between the Company, a US limited liability company owned by the same director as the January 2016 Agreement and Robert Klein (“October 2016 Agreement”) to provide financial operating services and to have Mr. Klein serve as the Chief Financial Officer. The term of the October 2016 Agreement runs through July 31, 2017 and has an annual fee of $162,000 payable monthly, starting on October 1, 2016.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2015 and related notes thereto which were included in the Company’s form 10-12G filed with the Securities and Exchange Commission on July 22, 2016. The accompanying unaudited condensed consolidated financial statements include the accounts of Western and its wholly-owned subsidiaries, Western Uranium Corp., Pinon Ridge Mining LLC, Black Range Minerals Limited, Black Range Copper Inc., Ranger Resources Inc., Black Range Minerals Inc., Black Range Minerals Colorado LLC, Black Range Minerals Wyoming LLC, Haggerty Resources LLC, Ranger Alaska LLC, Black Range Minerals Utah LLC, Black Range Minerals Ablation Holdings Inc. and Black Range Development Utah LLC. All significant inter-company transactions and balances have been eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management's estimates and assumptions include determining the fair value of transactions involving shares of common stock, assessment of the useful life and evaluation for impairment of intangible assets, valuation and impairment assessments on mineral properties, deferred contingent consideration, the reclamation liability, valuation of stock-based compensation, valuation of available-for-sale securities and valuation of long-term debt and asset retirement obligations. Other areas requiring estimates include allocations of expenditures, depletion and amortization of mineral rights and properties. Actual results could differ from those estimates.
Foreign Currency Translation	Foreign Currency Translation The reporting currency of the Company, including its subsidiaries, is the United States dollar. The financial statements of subsidiaries located outside of the U.S. are measured in their functional currency, which is the local currency. The functional currency of the parent is the Canadian dollar. Monetary assets and liabilities of these subsidiaries are translated at the exchange rates at the balance sheet date. Income and expense items are translated using average monthly exchange rates. Non-monetary assets are translated at their historical exchange rates. Translation adjustments are included in accumulated other comprehensive loss in the condensed consolidated balance sheets.
Fair Values of Financial Instruments	Fair Values of Financial Instruments The fair value of financial instruments in the Company’s consolidated financial statements at September 30, 2016 and December 31, 2015 are as follows: Quoted Prices in Active Markets Quoted Prices Significant Marketable securities at September 30, 2016 $ 3,039 $ - $ - Marketable securities at December 31, 2015 $ 2,880 $ - $ -
Loss per Share	Loss per Share Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options and warrants (using the treasury stock method). The computation of basic loss per share for the three and nine month periods ended September 30, 2016 and 2015 excludes potentially dilutive securities. The computations of net loss per share for each period presented is the same for both basic and fully diluted. Potentially dilutive securities outlined in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive. For the 2016 2015 Warrants to purchase shares of common stock 1,644,814 - Options to purchase shares of common stock 271,996 271,996 Total potentially dilutive securities 1,916,810 271,996

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies [Abstract]
Schedule of fair values of financial instruments	Quoted Prices in Active Markets Quoted Prices Significant Marketable securities at September 30, 2016 $ 3,039 $ - $ - Marketable securities at December 31, 2015 $ 2,880 $ - $ -
Schedule of antidilutive securities excluded from computation of earnings per share	For the 2016 2015 Warrants to purchase shares of common stock 1,644,814 - Options to purchase shares of common stock 271,996 271,996 Total potentially dilutive securities 1,916,810 271,996

Mineral Assets, Ablation Inte23

Mineral Assets, Ablation Intellectual Property and Other Property (Tables)	9 Months Ended
	Sep. 30, 2016
Mineral Assets, Ablation Intellectual Property and Other Property [Abstract]
Schedule of mining and mining related assets	As of: September 30, 2016 December 31, 2015 Land, building and improvements $ - $ 1,050,810 Mineral properties $ 11,645,218 $ 11,645,218 Ablation intellectual property $ 9,488,051 $ 9,488,051

Accounts Payable and Accrued 24

Accounts Payable and Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2016
Accounts Payables and Accrued liabilities [Abstract]
Schedule of accounts payable and accrued liabilities	As of As of 2016 2015 Trade accounts payable $ 574,844 $ 520,530 Accrued liabilities 218,271 304,571 Total accounts payable and accrued liabilities $ 793,115 $ 825,101

Notes Payable (Tables)

Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Payable & Mortgage [Abstract]
Schedule of notes payable	As of September 30, 2016 Principal Discount Balance, Net Current Non-Current EFHC $ 500,000 $ 36,323 $ 463,677 $ - $ 463,677 Nueco 189,220 5,099 184,121 184,121 - Siebels 111,392 - 111,392 111,392 - Total $ 800,612 $ 41,422 $ 759,190 $ 295,513 $ 463,677 As of December 31, 2015 Principal Discount Balance, Net Current Non-Current EFHC $ 500,000 $ 50,016 $ 449,984 $ - $ 449,984 Nueco 250,180 - 250,180 250,180 - Siebels 240,013 - 240,013 240,013 - Total $ 990,193 $ 50,016 $ 940,177 $ 490,193 $ 449,984

Mining Expenditures (Tables)

Mining Expenditures (Tables)	9 Months Ended
	Sep. 30, 2016
Mining Expenditures [Abstract]
Schedule of mining expenditures	For the Three Months Ended For the Nine Months Ended 2016 2015 2016 2015 Permits $ 72,362 $ 36,061 $ 188,736 $ 102,396 Maintenance and Contract Labor 38,299 174,627 126,512 198,992 Royalties 9,050 - 16,550 - Total mining expenditures $ 119,711 $ 210,688 $ 331,798 $ 301,388

Business (Details)

Business (Details)	Nov. 20, 2014
Business (Textual)
Ownership percentage	100.00%

Liquidity and Going Concern (De

Liquidity and Going Concern (Details)	Sep. 02, 2016USD ($)$ / sharesshares	May 31, 2016USD ($)	May 31, 2016CAD	Sep. 30, 2016USD ($)	Sep. 02, 2016CAD / shares	Dec. 31, 2015USD ($)
Liquidity and Going Concern (Textual)
Accumulated deficit				$ (3,474,151)		$ (1,951,564)
Working capital deficit				804,391
Capital raising in a private placement		$ 622,174	CAD 791,090
Proceeds from Issuance private placement				$ 216,534
Private Placement [Member]
Liquidity and Going Concern (Textual)
Sale of stock description of transaction	Each unit consists of one common share of the Company and one warrant at an exercise price of CAD $2.80 which expires five years after the date of issuance.
Proceeds from Issuance private placement	$ 1,423,618
Proceeds from Issuance private placement, Share | shares	1,078,458
Price per share | (per share)	$ 1.32				CAD 1.70

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 3,039	$ 2,880
Quoted Prices in Active Marketsfor Identical Assets or Liabilities (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	3,039	2,880
Quoted Prices for Similar Assets or Liabilities in Active Markets (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Details 1) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive securities	1,916,810	271,996	1,916,810	271,996
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive securities	1,644,814		1,644,814
Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive securities	271,996	271,996	271,996	271,996

Mineral Assets, Ablation Inte31

Mineral Assets, Ablation Intellectual Property and Other Property (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Mineral Assets, Ablation Intellectual Property and Other Property [Abstract]
Land, building and improvements		$ 1,050,810
Mineral properties	11,645,218	11,645,218
Ablation intellectual property	$ 9,488,051	$ 9,488,051

Mineral Assets, Ablation Inte32

Mineral Assets, Ablation Intellectual Property and Other Property (Details Textual) - USD ($)	Jun. 01, 2016	Sep. 16, 2015	Nov. 20, 2014
Mineral Assets, Ablation Intellectual Property and Other Property (Textual)
Ownership percentage			100.00%
Ablation Technologies, LLC [Member]
Mineral Assets, Ablation Intellectual Property and Other Property (Textual)
Ownership percentage		100.00%
Term of License		25 years
Black Range Minerals Inc. [Member]
Mineral Assets, Ablation Intellectual Property and Other Property (Textual)
Received of common stock voting shares	100,000
Asset relinquished	$ 0

Accounts Payable and Accrued 33

Accounts Payable and Accrued Liabilities (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Accounts Payables and Accrued liabilities [Abstract]
Trade accounts payable	$ 574,844	$ 520,530
Accrued liabilities	218,271	304,571
Total accounts payable and accrued liabilities	$ 793,115	$ 825,101

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Aug. 18, 2014
Debt Instrument [Line Items]
Principal	$ 800,612	$ 990,193
Discount	41,422	50,016
Balance, Net of Discount	759,190	940,177
Current	295,513	490,193
Non-Current	463,677	449,984
EFHC [Member] | Notes Payable [Member]
Debt Instrument [Line Items]
Principal	500,000	500,000
Discount	36,323	50,016	$ 73,971
Balance, Net of Discount	463,677	449,984
Current
Non-Current	463,677	449,984
Nueco [Member] | Notes Payable [Member]
Debt Instrument [Line Items]
Principal	189,220	250,180
Discount	5,099		$ 23,724
Balance, Net of Discount	184,121	250,180
Current	184,121	250,180
Non-Current
Siebels [Member] | Notes Payable [Member]
Debt Instrument [Line Items]
Principal	111,392	240,013
Discount
Balance, Net of Discount	111,392	240,013
Current	111,392	240,013
Non-Current

Notes Payable (Details Textual)

Notes Payable (Details Textual) - USD ($)	Aug. 08, 2016	Jun. 20, 2016	Feb. 22, 2016	Feb. 08, 2016	Sep. 30, 2015	Jan. 05, 2015	Aug. 18, 2014	Aug. 16, 2016	Dec. 31, 2015	Dec. 16, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 09, 2016	Aug. 23, 2016	Jul. 29, 2016	Jun. 30, 2016	Jun. 29, 2016
Notes Payable (Textual)
Debt instrument, interest rate											8.00%		8.00%
Net of a discount for interest									$ 50,016		$ 41,422		$ 41,422
Maturity date of notes payable													Jan. 16, 2016
Principal amount									990,193		800,612		$ 800,612
Interest expense											217,185	$ 31,756	237,265	$ 45,076
Accrued interest	$ 13,477
Notes Payable [Member]
Notes Payable (Textual)
Interest expense											2,966	23,512	112,046	68,588
EFHC [Member] | Notes Payable [Member]
Notes Payable (Textual)
Note payable							$ 500,000
Effective interest rate							7.00%
Net of a discount for interest							$ 73,971		50,016		36,323		36,323
Maturity date of notes payable							Aug. 18, 2018
Principal amount									500,000		500,000		500,000
EFHC [Member] | Notes Payable [Member] | Maximum [Member]
Notes Payable (Textual)
Effective interest rate							4.00%
EFHC [Member] | Notes Payable [Member] | Minimum [Member]
Notes Payable (Textual)
Effective interest rate							3.00%
Nueco [Member] | Notes Payable [Member]
Notes Payable (Textual)
Note payable						$ 250,180
Debt instrument, interest rate				6.00%		6.00%	7.00%
Net of a discount for interest							$ 23,724				5,099		$ 5,099
Maturity date of notes payable		Jul. 31, 2016		Jun. 20, 2016		Dec. 20, 2014		Aug. 16, 2016	Jan. 13, 2016
Remaining obligation outstanding									$ 250,180
Debt instrument, description													In connection with the extension, the Company agreed to add interest from the date of October 13, 2015 until the date paid at the annual rate of one percent (1%) per annum.
Principal amount									250,180		189,220		$ 189,220
Increase in principal amount				$ 25,384
Percentage of increase in principal amount				10.00%
Outstanding principal amount								$ 189,220
Debt instrument, fee				$ 5,000				$ 10,000											$ 5,000
Nueco [Member] | Notes Payable [Member] | Maximum [Member]
Notes Payable (Textual)
Principal amount																$ 90,000
Siebels [Member] | Notes Payable [Member]
Notes Payable (Textual)
Note payable			$ 100,000		$ 250,000							$ 250,000		$ 250,000
Debt instrument, interest rate			18.00%		16.00%					18.00%		16.00%		16.00%
Net of a discount for interest
Maturity date of notes payable			Apr. 22, 2016		Dec. 15, 2015
Debt instrument, description													On December 16, 2015 the Company and the lender agreed to extend the maturity of the Siebels Note until June 16, 2016.
Principal amount									$ 240,013		$ 111,392		$ 111,392
Outstanding principal amount																		$ 108,423
Accrued interest										$ 8,333
Siebels [Member] | Notes Payable [Member] | Maximum [Member]
Notes Payable (Textual)
Principal amount										$ 258,423					$ 50,000		$ 100,000

Mortgage (Details)

Mortgage (Details)	9 Months Ended
	Sep. 30, 2016USD ($)
Mortgage (Textual)
Debt instrument, interest rate	8.00%
Interest payable in monthly payments	$ 11,085
Final balance of balloon payment	$ 1,044,015
Maturity date of mortgage	Jan. 16, 2016

Reclamation Liability (Details)

Reclamation Liability (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Reclamation Liability (Textual)
Reclamation liability mineral properties		$ 1,036,286		$ 1,036,286		$ 1,036,286
Accretion of reclamation liability		3,096	$ 2,066	$ 183,510	$ 27,700
Reclamation liability, description	The Company is working with its legal counsel and the State of Alaska to resolve this matter. The Company has not recorded an additional $150,000 obligation as the Company does not expect, based on the advice of legal counsel, to be obligated to an amount greater than that presently reflected in the reclamation liability.			The Company expects to begin incurring the reclamation liability after 2054 and accordingly, has discounted the gross liabilities over a thirty year life.
Discount rate				5.40%
Net discounted value		403,639		$ 403,639		220,129
Certificates of deposit		1,036,333		1,036,333
Fair value of reclamation liability				174,412
Restricted cash, current portion		215,976		215,976
Current portion of reclamation liability		$ 215,976		$ 215,976
Cash bond	$ 210,500
Additional surety bond	$ 150,000

Share Capital and Other Equit38

Share Capital and Other Equity Instruments (Details)

Sep. 02, 2016USD ($)

Jan. 04, 2016CADshares

Apr. 30, 2016$ / shares

Dec. 31, 2015USD ($)shares

Dec. 31, 2015CAD

May 31, 2016USD ($)

May 31, 2016CAD

Mar. 31, 2016USD ($)

Mar. 31, 2016CAD

Sep. 30, 2016USD ($)$ / sharesshares

Sep. 30, 2016USD ($)$ / sharesCAD / sharesshares

Dec. 31, 2015USD ($)shares

Sep. 30, 2016CAD / shares

Sep. 02, 2016CAD / shares

Apr. 30, 2016CAD / shares

Jan. 04, 2016$ / sharesshares

Jan. 04, 2016CAD / sharesshares

Class of Stock [Line Items]

Proceeds from issuance of private placement

$ 622,174

CAD 791,090

Aggregate warrants purchase of common stock

101,009

Proceeds of subscriptions payable | $

$ 198,298

$ 198,298

Issuance of private placement units | $

$ 465,347

Common stock, shares outstanding

16,230,733

17,875,547

17,875,547

16,230,733

Stock Option [Member]

Class of Stock [Line Items]

Stock options remaining contractual life

2 years 9 months 7 days

2 years 9 months 7 days

Fair value of per share | $ / shares

$ 1.59

Board of Directors granted options for purchase, Shares

271,996

271,996

Weighted average exercise price | (per share)

$ 4.91

$ 6.39

Weighted average remaining contractual life

3 years 6 months 7 days

3 years 6 months 7 days

Stock issued

271,996

271,996

271,996

Stock Option [Member] | Maximum [Member]

Class of Stock [Line Items]

Stock issued

1,679,708

1,679,708

1,623,073

Issued and outstanding of common shares, Percentage

10.00%

Warrant [Member]

Class of Stock [Line Items]

Sale of price per share | (per share)

$ 2.12

$ 2.12

CAD 2.79

Purchase of warrant outstanding

1,644,814

1,644,814

Weighted average warrants remaining life

4 years 9 months 11 days

4 years 9 months 11 days

Term of the contract

5 years

5 years

Private Placement [Member]

Class of Stock [Line Items]

Exercise price of warrants | CAD / shares

CAD 2.80

CAD 2.60

CAD 3.50

Proceeds from issuance of private placement

$ 1,423,618

CAD 300,000

$ 198,298

CAD 275,000

$ 18,236

CAD 25,000

Common stock shares subscription

101,009

101,009

Proceeds of subscriptions payable | $

$ 198,298

$ 198,298

Sale of price per share | (per share)

$ 1.34

CAD 1.70

CAD 1.70

$ 2.14

CAD 2.97

Units Issued

1,644,814

1,644,814

Net proceeds of private placement | $

$ 1,407,841

Term of the contract

5 years

5 years

Issuance of private placement units | $

$ 1,078,458

Mining Expenditures (Details)

Mining Expenditures (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Mining Expenditures [Abstract]
Permits	$ 72,362	$ 36,061	$ 188,736	$ 102,396
Maintenance and Contract Labor	38,299	174,627	126,512	198,992
Royalties	9,050		16,550
Total mining expenditures	$ 119,711	$ 210,688	$ 331,798	$ 301,388

Related Party Transactions (I40

Related Party Transactions (Including key Management Compensation) (Details)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)	Sep. 16, 2015AUD
Related Party Transaction [Line Items]
Accounts payable and accrued liabilities	$ 0	$ 0		$ 0		$ 0
Amount of contingent consideration | AUD							AUD 500,000
Professional Fees	200,734		$ 123,763	526,826	$ 324,529
Translation of obligation	(128,000)			128,000
Deferred contingent consideration	372,000			372,000
Consulting Agreement [Member]
Related Party Transaction [Line Items]
Professional Fees	75,000			45,000
Director [Member]
Related Party Transaction [Line Items]
Consulting fees	9,117		22,680	27,350	50,037
Director fees	1,519		1,489	3,093	7,747
Accounts payable and accrued liabilities	1,519	0		1,519		0
US Limited Liability Company [Member]
Related Party Transaction [Line Items]
Consulting fees per month				8,333
Consulting fees	25,000		$ 25,000	75,000	$ 75,000	100,000
Director fees		6,500
Accounts payable and accrued liabilities	$ 8,333	$ 6,500		$ 8,333		$ 6,500
Term of the contract				1 year

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Events [Member] - CAD / shares	Oct. 04, 2016	Oct. 19, 2016
Subsequent Event [Line Items]
Aggregate common shares of granted	1,075,000
Term of vesting	5 years
Description of annual fee		The term of the October 2016 Agreement runs through July 31, 2017 and has an annual fee of $162,000 payable monthly, starting on October 1, 2016.
Options exercise price of vesting	CAD 2.50