American Clean Resources (ACRG) 10-Q 11 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 10, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	Standard Metals Processing, Inc.
Entity Central Index Key	773,717
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	SMPR
Entity Common Stock, Shares Outstanding		124,501,581

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash	$ 32,858	$ 1,326
Prepaid expenses	18,361	31,256
Assets held for Sale	12,000	12,000
Total current assets	63,219	44,582
Shea Mining and Milling Assets	2,108,300	2,108,300
Property, plant and equipment:
Machinery and equipment	21,000	21,000
Construction in progress	1,775,224	1,775,224
Property, Plant and Equipment, Gross	1,796,224	1,796,224
Accumulated depreciation	(21,000)	(21,000)
Net property, plant and equipment	1,775,224	1,775,224
Total Assets	3,946,743	3,928,106
Current liabilities:
Senior secured convertible promissory note payable, related party	2,229,187	2,229,187
Promissory notes payable - related party	477,500	477,500
Convertible notes payable	175,000	175,000
Accrual for settlement of lawsuits	2,546,000	2,581,000
Due to Wits Basin Precious Minerals Inc.	16,616	16,616
Accounts payable	2,199,570	2,210,219
Accrued interest - Related party $701,860 and $678,466 at March 31,2017 and December 31, 2016	769,081	741,747
Accrued expenses	913,160	880,865
Accounts payable to related party	1,000	1,000
Total current liabilities	9,327,114	9,313,134
Convertible Notes payable, net of Discount of $39,644 at March 31, 2017 and $47,507 at December 31, 2016.	80,356	12,493
Commitments and Contingencies (Note 9)
Preferred stock, 50,000,000 shares authorized:
Series A, $.001 par value, 10,000,000 and 10,000,000 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	10,000,000	10,000,000
Shareholders’ deficit:
Common stock, $0.001 par value, 500,000,000 shares authorized: 124,501,581 issued and 119,501,581 outstanding at March 31, 2017 and 121,492,869 issued and 116,492,869 outstanding at December 31, 2016, respectively	119,502	116,493
Additional paid-in capital	87,181,267	87,064,101
Accumulated deficit	(102,761,496)	(102,578,115)
Total shareholders’ deficit	(15,460,727)	(15,397,521)
Total Liabilities and Shareholders’ Deficit	$ 3,946,743	$ 3,928,106

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Due to Related Parties, Current	$ 701,860	$ 678,466
Debt Instrument, Unamortized Discount, Noncurrent	$ 39,644	$ 47,507
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	124,501,581	121,492,869
Common stock, shares outstanding	119,501,581	116,492,869
Preferred Stock [Member]
Temporary Equity, Shares Authorized	50,000,000	50,000,000
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	10,000,000	10,000,000
Preferred stock, shares outstanding	10,000,000	10,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues	$ 0	$ 0
Operating expenses:
General and administrative	69,629	74,239
Total operating expenses	69,629	74,239
Loss from operations	(69,629)	(74,239)
Other income (expense):
Other income	2,354	1,825
Interest expense	(48,243)	(72,139)
Amortization of debt discount	(67,863)	(17,556)
Total other income (expense)	(113,752)	(87,870)
Loss before income tax provision	(183,381)	(162,109)
Income tax provision	0	0
Net loss	$ (183,381)	$ (162,109)
Basic and diluted net loss per common share	$ 0	$ 0
Basic and diluted weighted average common shares outstanding	117,328,622	106,933,079

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
OPERATING ACTIVITIES:
Net loss	$ (183,381)	$ (162,109)
Adjustments to reconcile net loss to cash flows used in operating activities:
Amortization of debt issuance costs	67,863	17,556
Changes in operating assets and liabilities:
Prepaid expenses	12,895	13,416
Accounts payable	(10,649)	(67,887)
Accrued expenses	59,804	12,311
Accounts payable related party	0	13,134
Accrual for settlement of lawsuits	0	(7,350)
Net cash used in operating activities	(53,468)	(180,929)
INVESTING ACTIVITIES:
Proceeds from the sale of assets	0	56,500
Net cash provided by investing activities	0	56,500
FINANCING ACTIVITIES:
Cash proceeds from Senior secured convertible notes payable - related party	85,000	160,000
Net cash provided by financing activities	85,000	160,000
INCREASE IN CASH AND CASH EQUIVALENTS	31,532	35,571
CASH AND CASH EQUIVALENTS, beginning of year	1,326	1,747
CASH AND CASH EQUIVALENTS, end of year	32,858	37,318
Supplemental cash flow disclosures
Cash paid for interest cost	1,177	22,005
Income taxes paid	0	0
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Debt discount on convertible notes payable	0	160,000
Common stock issued	0	40,000
Warrants issued in settlement of lawsuit	0	62,335
Conversions into common stock of convertible debt and accrued interest	60,175	0
Accrual for settlement of lawsuits paid through issuance of convertible note payable	$ 35,000	$ 0

OVERVIEW

OVERVIEW	3 Months Ended
	Mar. 31, 2017
Nature Of Business [Abstract]
OVERVIEW	Standard Metals Processing, Inc. (“we,” “us,” “our,” “Standard Metals” or the “Company”) is an exploration stage company having offices in Gadsden, Alabama and through its subsidiary, a property in Tonopah, Nevada. Our business plan is to purchase equipment and build a facility on our Tonopah property to serve as a permitted custom processing toll milling facility (which includes an analytical lab, pyrometallugircal plant, and hydrometallurgical recovery plant). The Company plans to perform permitted custom processing toll milling which is a process whereby mined material is crushed and ground into fine particles to ease the extraction of any precious minerals contained therein, such as minerals in the gold, silver and platinum metal groups. Custom milling and refining can include many different processes that are designed specifically for each ore load and to maximize the extraction of precious metals from carbon or concentrates. These toll-processing services also distill, dry, mix, or mill chemicals and bulk materials on a contractual basis and provide a chemical production outsourcing option for industrial companies, which lack the expertise, capacity, or regulatory permits for in-house production. We are required to obtain several permits before we can begin construction of a small scale mineral processing facility to conduct permitted processing toll milling activities and construction of the required additional buildings and well relocation necessary for us to commence operations. Any reference herein to “Standard Metals,” “the Company,” “we,” “our,” or “us” is intended to mean Standard Metals Processing, Inc. a Nevada corporation, and all of our subsidiaries unless otherwise indicated. Going Concern The accompanying condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, assuming we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the three months ended March 31, 2017, the Company incurred losses from operations of $ 183,381 102,761,496 9,263,895 120,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Principles of Consolidation The financial statements include the accounts of Standard Metals Processing, Inc., its’ wholly owned subsidiary Tonopah Milling and Metals Group, Inc. (“TMMG”), and TMMG’s wholly owned subsidiaries Tonopah Custom Processing, Inc. and Tonopah Resources, Inc. All significant intercompany transactions, accounts and balances have been eliminated in consolidation. The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. The unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Form 10-K for the year ended December 31, 2016 filed April 14, 2017. In the opinion of management, all adjustments (consisting of normal recurring adjustments unless otherwise indicated) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year as a whole. The Company recorded the estimated fair value of the Shea Mining and Milling assets as an aggregate amount on the condensed balance sheets. The assets include the mine tailings and dumps, the land, water rights and the milling facility (the buildings and equipment). None of the assets have been put into production, nor has the Company performed any repair or updates to any of the equipment or buildings. As such, the Company will continue to classify them under a single listing. Mineral property acquisition costs are recorded at cost and are deferred until the viability of the property is determined. No properties have produced operating revenues at this time. Exploration, mineral property evaluation, option payments, related acquisition costs for mineral properties acquired under an option agreement, general overhead, administrative and holding costs to maintain a property on a care and maintenance basis are expensed in the period they are incurred. When reserves are determined for a property and a bankable feasibility study is completed, subsequent exploration and development costs on the property would be capitalized. If a project were to be put into production, capitalized costs would be depleted on the unit of production basis. Management reviews the net carrying value of each mineral property as changes may materialize with a property or at a minimum, on an annual basis. Where information and conditions suggest impairment, estimated future net cash flows from each property are calculated using estimated future prices, proven and probable reserves and value beyond proven and probable reserves, and operating, capital and reclamation costs on an undiscounted basis. If it is determined that the future cash flows are less than the carrying value, a write-down to the estimated fair value is made with a charge to loss for the period. Where estimates of future net cash flows are not available and where other conditions suggest impairment, management assesses if the carrying value can be recovered. Management’s estimates of gold prices, recoverable reserves, probable outcomes, operating capital and reclamation costs are subject to risks and uncertainties that may affect the recoverability of mineral property costs. The Company does not own any mining claims. It owns tailings located on the Tonopah property and some tailings located in Manhattan, Nevada. The Company has not disturbed or processed any of this material and does not intend to do so in the foreseeable future. The Company will periodically evaluate the carrying value of long-lived assets to be held and used, including but not limited to, mineral properties, mine tailings, mine dumps, capital assets and intangible assets, when events and circumstances warrant such a review and at least annually. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost to dispose. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. During the period ended March 31, 2017 and through May 12, 2017, there were several additional new accounting pronouncements issued by the Financial Accounting Standards Board. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases The Company evaluates events that have occurred after the balance sheet date of March 31, 2017, through the date which the condensed consolidated financial statements were issued. Based upon the review, other than described in Note 12 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements.

SHEA MILLING AND MINING ASSETS

SHEA MILLING AND MINING ASSETS	3 Months Ended
	Mar. 31, 2017
Acquisition Of Shea Milling And Mining Assets [Abstract]
SHEA MILLING AND MINING ASSETS	NOTE 3 –SHEA MILLING AND MINING ASSETS On March 15, 2011, the Company entered into an exchange agreement by and between the Company, Shea Mining, Afignis, LLC, Leslie Lucas Partners, LLC, Wits Basin and Alfred A. Rapetti (the “Shea Exchange Agreement”) whereby the Company acquired certain assets from Shea Mining, which assets include those located in Tonopah financed through a note payable assigned to the Company, mine dumps, a property lease and a contract agreement in exchange for 35,000,000 Pursuant to the assignment of a note payable, the Company executed an Assignment and Assumption of Loan Documents and Loan Modification Agreement, by and between us, Shea Mining and NJB Mining, Inc. (the “Loan Modification Agreement”), dated March 15, 2011, for those assets located in Tonopah, Nevada (“Tonopah”), consisting of land, buildings, mining tailings, a dormant milling facility, abandoned milling equipment and water permits. The land encompasses 1,186 2,200,000 334 The Tonopah property was subject to an existing $ 2,500,000 375,645 5,000,000 5,000,000 5,000,000 1,500,000 27,000,000 2,500,000 1,933,345 8 In connection with the Shea Exchange Agreement, the Company was also assigned the ownership of approximately a six square mile section of mine dump material in Manhattan, Nevada (“Manhattan”). The Company has not disturbed, moved or processed any of this material and currently has no intention to do so. Issuance of 35,000,000 shares of common stock with an estimated fair value of $0.89 per share (closing sales price on March 15, 2011) $ 31,150,000 Cash consideration 700,000 Assumption of NJB Mining mortgage 2,500,000 Assumption of accrued interest and other liabilities 463,184 Legal costs (includes issuance of 100,000 shares of common stock valued at $89,000) 205,258 Other direct expenses incurred in connection with the Shea Exchange Agreement 140,985 $ 35,159,427 In conformity with accounting principles generally accepted in the United States of America, cost of acquiring a group of assets is allocated to the individual assets within the group based on the relative fair values of the individual assets. Tonopah mine tailings $ 24,888,252 Tonopah dormant milling facility 8,062,875 Tonopah land 1,760,000 Tonopah water rights 348,300 Manhattan mine dumps 100,000 Total $ 35,159,427 Simultaneous with these transactions, pursuant to the Shea Exchange Agreement, Wits Basin exchanged 19,713,544 10,000,000 10,000,000 200,000,000 2,500,000 Management analyzed the Shea Mining and Milling assets and determined that the Tonopah mine tailings of $ 24,888,252 8,062,875 100,000 33,051,127 2,108,300 The Company does not conduct any mining activity.

ASSET HELD FOR SALE

ASSET HELD FOR SALE	3 Months Ended
	Mar. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
ASSET HELD FOR SALE	NOTE 4 – ASSET HELD FOR SALE During the year ended December 31, 2015 the Company determined that certain equipment with a historic cost of $ 282,587 12,000 Property, Plant and Equipment – Impairment or disposal of long-life assets

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 5 – PROPERTY, PLANT AND EQUIPMENT The Company is preparing the Tonopah property site for the construction of a permitted custom processing toll milling facility including grading the land, installing fencing and working with contractors for our 21,875 Components of our property, plant and equipment are as follows: March 31, December 31, 2017 2016 Equipment $ 21,000 $ 21,000 Construction in Progress 1,775,224 1,775,224 Less accumulated depreciation (21,000) (21,000) $ 1,775,224 $ 1,775,224

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	3 Months Ended
	Mar. 31, 2017
Short-term Debt [Line Items]
Convertible Notes Payable	NOTE 6 – CONVERTIBLE NOTES PAYABLE On March 14, 2017, the Company received cash proceeds of $ 60,000 6 0.075 Debt with conversion and other options On February 15, 2017 and March 1, 2017 the Company issued convertible promissory notes in the aggregate principal amount of $ 60,000 6 0.02 Debt with conversion and other options 60,000 On March 7, 2017, the February 15, 2017 and March 1, 2017 convertible promissory notes payable totaling $ 60,174 3,008,712 58,164 March 31, December 31, 2017 2016 Convertible notes at March 31, 2017; interest rate of 8%; $ 60,000 $ 60,000 Convertible notes at March 31, 2017; interest rate of 6%; 60,000 Less unamortized debt discount (39,644) (47,507) Convertible promissory notes net of unamortized discount of $0 at March 31, 2017; interest rate of 6%; accrued interest of $36,665 at December 31, 2016 and all of these Notes are past due and original terms apply in the default period. $ 175,000 $ 175,000 Less current portion of Convertible Notes Payable (175,000) (175,000) $ 80,356 $ 12,493

PROMISSORY NOTES PAYABLE - RELA

PROMISSORY NOTES PAYABLE - RELATED PARTY	3 Months Ended
	Mar. 31, 2017
Due to Related Parties, Current [Abstract]
PROMISSORY NOTES PAYABLE - RELATED PARTY	NOTE 7 – PROMISSORY NOTES PAYABLE - RELATED PARTY March 31, December 31, 2017 2016 Promissory note issued on February 11, 2015, in the principal amount of up to $750,000 with tranches received as follows: $200,000 on February 11, 2015; $48,000 on February 13, 2015; $50,000 on April 13, 2015; $150,000 on July 31, 2015, $2,500 on October 20, 2015, $12,000 on October 29, 2015 and $15,000 on November 4, 2015; the note has a stated interest rate of 8%; with a maturity of 1 year from the date of the tranche. The note is now in default. $ 477,500 $ 477,500 Less discount (- ) (- ) Totals $ 477,500 $ 477,500 On February 11, 2015, the Company issued an unsecured promissory note to Tina Gregerson Family Properties, LLC, an entity controlled by a former director of the Company. The Note for up to $750,000 will be provided in tranches. Maturity of each tranche is one year from the date of receipt. Interest will accrue at 8% per annum on each tranche. As consideration, the Company agreed to issue common stock purchase warrants for the purchase of up to 250,000 1.23 Debt with conversion and other options 116,560 1.25 7 75 1.83

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2017
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 8 – SHAREHOLDERS’ EQUITY Preferred Stock Series A Preferred Stock Simultaneous with the Shea Exchange Agreement, Wits Basin exchanged 19,713,544 10,000,000 1.00 Attributes of Series A Preferred Stock include but are not limited to the following: Distribution in Liquidation The Series A Preferred Stock has a liquidation preference of $ 10,000,000 200,000,000 • The Corporation has an average market capitalization (calculated by adding the value of all outstanding shares of Common Stock valued at the Corporation’s closing sale price on the OTCQB or other applicable bulletin board or exchange, plus the value of the outstanding Series A Preferred Stock at the Original Issues Price per share) of $ 200,000,000 • Any Liquidity Event in which the Corporation receives proceeds of $ 50,000,000 Written notice of any Liquidation Event (the “Liquidation Notice”) shall be given by mail, postage prepaid, or by facsimile to non-U.S. residents, not less than five days prior to the anticipated payment date state therein, to the holders of record of Series A Preferred Stock, such notice to be addressed to each such holder at its address as shown by the records of the Corporation. The Liquidation Notice shall state (i) the anticipated payment date, and (ii) the total Liquidation Value available for distribution to Series A Preferred Stock shareholders upon the occurrence of the Liquidation Event. Redemption The Series A Preferred Stock may be redeemed in whole or in part as determined by a resolution of the Board of Directors at any time, at a price equal to the Liquidation Value. Voting Rights Shares of Series A Preferred Stock shall have no rights to vote on any matter submitted to a vote of shareholders, except as required by law, in which case each share of Series A Preferred Stock shall be entitled to one vote. Conversion Rights Holders of Series A Preferred Stock will have no right to convert such shares into any other equity securities of the Company. The Company entered into an Agreement on July 29, 2016 with the holder of the Series A Preferred Stock, Wits Basin Precious Minerals, Inc., (“Wits”) and Wits’ secured creditor regarding exchange options for the Series A Preferred Stock. Under the terms of the Agreement, upon the occurrence of a Triggering Event (as defined below), the holders of the Preferred Stock will receive the corresponding compensation, the “Triggering Events” and their corresponding compensation. Agreement with Holder of Series A Preferred Stock As disclosed in a Form 8-K filed with the SEC on August 1, 2016, the Company entered into an Agreement on July 29, 2016 with the holder of the Series A Preferred Stock, Wits Basin Precious Minerals, Inc., (“Wits”) and Wits’ secured creditor regarding exchange options for the Series A Preferred Stock. Under the terms of the Agreement, upon the occurrence of a Triggering Event (as defined below), the holders of the Preferred Stock will receive the corresponding compensation, the “Triggering Events” and their corresponding compensation are set forth below: 3. Liquidation Rights, Stated Value and Redemption 10,000,000 (a) Upon any liquidation, dissolution or winding up of the Corporation, and after paying or adequately providing for the payment of all its obligations, the remainder of the assets of the Corporation shall be distributed, either in cash or in kind, first pro rata to the holders of the Series A Preferred Stock in an amount equal to the Stated Value (as described below); then, to any other series of Preferred Stock, until an amount to be determined by a resolution of the Board of Directors prior to issuances of such Preferred Stock, has been distributed per share, and, then, the remainder pro rata to the holders of the Common Stock. (b) Upon the occurrence of a Triggering Event (as defined below), the holders of the Preferred Stock will receive the corresponding compensation, The “Triggering Events” and their corresponding compensation are set forth below: (1) If either of the following occur: (i) the Corporation receives proceeds of $ 10,000,000 (ii) the Corporation’s Common Stock trades at $ 3.00 then all of the 10,000,000 5,000,000 (2) If the Corporation has an average market capitalization (calculated by adding the value of all outstanding shares of Common Stock valued at the Corporation’s closing sale price on the Over the Counter Markets (or other applicable exchange) (the “Market”) of $ 200,000,000 (A) issue the number of shares of Common Stock equal to the Stated Value using the average closing sale price of the Common Stock on the Over the Counter Markets of the prior 15 trading days from the date of the notice. The Corporation will provide 10 days’ prior written notice to the holder and any known secured party of such holder of the Series A Stock of its intention to proceed with this option; or (B) issue a portion of the Stated Value in shares of Common Stock based on the valuation formula in 3(b)(2)(A) and pay the remaining Stated Value in cash. If this Section (3)(b)(2) is triggered, the Corporation has three years to choose option Section (3)(b)(2)(A) or (B) and pay the Stated Value. The Corporation has 60 days from the date of notice of its election to pay under either Section (3)(b)(2)(A) or (B). Upon payment of the Stated Value, the Series A Shares will be retired. (c) If Section (3)(b)(2) is triggered and the Corporation fails to pay the Stated Value within the three year time frame, the Corporation will take all necessary action to return the Series A Preferred Shares in their original form (containing all original terms and conditions) to the holder with the exception that the Stated Value will be increased to $ 10,100,000 The previous terms of the Series A Preferred Stock would have required the Company to make a payment of $10,000,000 upon the Company having an average market capitalization of $ 200,000,000 The Company issued five million shares of restricted common stock on April 1, 2016 that are being held in escrow pending a Series A Preferred Stock Triggering Event. Common Stock - Note Payable Conversion On March 7, 2017, convertible promissory notes payable and accrued interest totaling $ 64,174 3,008,712 Option Grants The Company uses the Black-Scholes pricing model as a method for determining the estimated fair value for stock awards. Compensation expense for stock awards is recognized on a straight-line basis over the vesting period of service awards and for performance-based awards, the Company recognizes the expense when the performance condition is probable of being met. The Company reviews its current assumptions on a periodic basis and adjusts them as necessary to ensure an accurate valuation. The risk-free interest rate is based on the Federal Reserve Board’s constant maturities of the U.S. Treasury bond obligations with terms comparable to the expected life of the options at their issuance date. The Company uses historical data to estimate expected forfeitures, expected dividend yield, expected volatility of the Company’s stock and the expected life of the options. The Company recorded $ 0 0 0 Weighted Average Number of Exercise Options Price Options outstanding - December 31, 2015 35,076,223 $ 0.99 Granted - - Canceled or expired (2,500,000) 0.88 Exercised - - Options outstanding - December 31, 2016 32,576,223 $ 0.99 Granted - - Canceled or expired - - Exercised - - Options outstanding –March 31, 2017 32,576,223 $ 0.98 Weighted average fair value of options granted during the period ended March 31, 2017 $ - Weighted average fair value of options granted during the year ended December 31, 2016 $ - Options Outstanding and exercisable at March 31, 2017 Weighted Weighted Remaining Average Aggregate Range of Number Contractual Exercise Intrinsic Exercise Prices Outstanding Life Price Value(1) $0.40 to $0.60 5,276,223 3.6 years $ 0.46 $ - $0.61 to $1.00 9,800,000 3.5 years $ 0.67 $ - $1.01 to $1.50 14,500,000 3.6 years $ 1.25 $ - $1.51 to $2.25 3,000,000 4.1 years $ 1.63 $ - $0.40 to $2.25 32,576,223 3.6 years $ 0.98 $ - (1) The aggregate intrinsic value in the table represents the difference between the closing stock price on March 31, 2017 and the exercise price, multiplied by the number of in-the-money options that would have been received by the option holders had all option holders exercised their options on March 31, 2017. Common Stock Purchase Warrants For warrants granted to non-employees in exchange for services, we recorded the fair value of the equity instrument using the Black-Scholes pricing model unless the value of the services is more reliably measurable. The Company and Wits Basin executed a Settlement Agreement on January 22, 2016. Pursuant to the terms of the Settlement Agreement, the Company issued 630,000 0.70 630,000 0.30 Weighted Range Weighted Average of Remaining Exercise Exercise Contractual Number Price Price Life Outstanding at December 31, 2015 5,015,640 $ 0.88 $ 0.20 – 2.00 4.4 years Granted 1,260,000 $ 2.00 $ 0.30 – 1.25 Cancelled or expired - - - Exercised - $ - $ - Outstanding at December 31, 2016 6,275,640 $ 0.86 $ 0.20 – 2.00 3.2 years Granted - $ - $ - Cancelled or expired - - - Exercised - $ - $ - Outstanding at March 31, 2017 6,275,640 $ 0.80 $ 0.20 - 2.00 2.9 years Warrants exercisable at March 31, 2016 6,425,640 The aggregate intrinsic value of the 6,275,640 0

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES Legal Matters Stephen E. Flechner v. Standard Metals Processing, Inc. On April 29, 2014, Stephen E. Flechner filed suit in the United States District Court for the District of Colorado against Standard Metals Processing, Inc. alleging that Standard Metals had refused to allow him to exercise stock options granted to him pursuant to a Stock Option Agreement, dated April 1, 2010, and a second Stock Option Agreement, dated January 21, 2011. On June 12, 2014, Standard Metals filed an Answer and a Motion to Dismiss or, Alternatively, to Stay or Transfer the action to the United States District Court for the Northern District of Alabama, Middle Division . On January 16, 2015, Standard Metals filed a Motion for Summary Judgment. On January 23, 2015, the Court issued an Order granting in part and denying in part Standard Metals’ Motion to Dismiss or, Alternatively, to Stay or Transfer the action to the United States District Court for the Northern District of Alabama, Middle Division. The Court in its Order stayed further proceedings in Colorado pending the issuance of orders by the Alabama court. Thereafter, on January 26, 2015, the Court issued an Order vacating the February 20, 2015 Trial Preparation Conference and the March 9, 2015 Bench Trial. On March 23, 2015, the Court issued an Order denying Standard Metals’ Motion for Summary Judgment. On March 30, 2015, Flechner filed a Motion to Lift the Stay. On March 31, 2015, the Court issued an Order granting Flechner’s Motion to Lift the Stay. On April 6, 2015, the Court issued an Order scheduling a Bench Trial for July 29, 2015. On April 9, 2015, Flechner filed a Motion for Reconsideration of the Court’s March 23, 2015 Order Denying Flechner’s Motion to Enforce the Confidential Settlement Agreement to Settle Certain Issues. On May 1, 2015, the Court issued an Order Granting Flechner’s Motion to Enforce the Confidential Settlement Agreement to Settle Certain Issues. Standard Metals Processing, Inc. intends to continue to vigorously defend against claims by Steven E. Flechner. On August 12, 2015 the United Stated District Court for the District of Colorado issued a judgment in favor of Stephen E. Flechner for $ 2,157,000 235,246 472.76 Midwest Investment Partners, LLC v. Standard Gold Holdings, Inc. On September 6, 2013, Midwest Investment Partners, LLC filed suit in the United States District Court for the Southern District of Indiana, Evansville Division 50,000 6 25,000 6 130,000 25,000 35,000

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 10 – RELATED PARTY TRANSACTIONS Tina Gregerson/Tina Gregerson Family Properties, LLC On February 11, 2015, the Company issued an unsecured promissory note (the “Note”) to Tina Gregerson Family Properties, LLC, an entity controlled by a former director of the Company. The Note for up to $ 750,000 8 250,000 1.23 200,000 48,000 50,000 150,000 2,500 12,000 15,000 Pure Path Management Company, LLC Pure Path Management Company, LLC (“Pure Path”) is currently the beneficial owner of 21 27,000,000 1,500,000 In connection with the assignment of the Forbearance Agreement, the Parties executed an Agreement in Principle setting forth terms of the Forbearance Agreement (collectively the “Pure Path Agreements”). Pursuant to the Pure Path Agreements, Pure Path was to receive participation payments to be received on a quarterly basis for seven years after the final closing at a rate of 5% of adjusted gross revenue as such terms are defined in the Pure Path Agreements, past and future consulting fees for approximately $ 1,150,000 Pursuant to the Settlement and Release Agreement executed October 10, 2013 with the Company, Pure Path relinquished the foregoing rights and obligations owed to it and agreed to forbear collection remedies and legal proceedings against the Company including foreclosure on the Deed of Trust, and in connection with the settlement and release of various debts of approximately $ 1,500,000 27,000,000 2,500,000 1,933,345 8 Under the terms of the Pure Path Note, the Company received $ 54,590 On April 11, 2016, the Company and Pure Path executed an addendum removing Pure Path’s ability to convert its note into shares of Series B Preferred Stock. Subsequently, the Company retired and cancelled the entire class of Series B Preferred Stock, such class is no longer available for issuance.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	NOTE 11 – EARNINGS (LOSS) PER SHARE Basic net loss per common share is computed by dividing net loss applicable to common shareholders by the weighted average number of common shares outstanding during the periods presented. Diluted net loss per common share is determined using the weighted average number of common shares outstanding during the periods presented, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon exercise of options, warrants and conversion of convertible debt. In periods where losses are reported, the weighted average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. At March 31, 2017, the weighted average shares from stock options of 32,576,223 6,275,640 1,800,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS Convertible Promissory Note On April 18, 2017, the Company issued a promissory note in the amount of $ 60,000 6 0.075 Note 6- Convertible Notes Payable

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The financial statements include the accounts of Standard Metals Processing, Inc., its’ wholly owned subsidiary Tonopah Milling and Metals Group, Inc. (“TMMG”), and TMMG’s wholly owned subsidiaries Tonopah Custom Processing, Inc. and Tonopah Resources, Inc. All significant intercompany transactions, accounts and balances have been eliminated in consolidation.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”), for interim financial information pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. The unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Form 10-K for the year ended December 31, 2016 filed April 14, 2017. In the opinion of management, all adjustments (consisting of normal recurring adjustments unless otherwise indicated) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year as a whole.
Shea Mining and Milling Assets	The Company recorded the estimated fair value of the Shea Mining and Milling assets as an aggregate amount on the condensed balance sheets. The assets include the mine tailings and dumps, the land, water rights and the milling facility (the buildings and equipment). None of the assets have been put into production, nor has the Company performed any repair or updates to any of the equipment or buildings. As such, the Company will continue to classify them under a single listing.
Mineral Properties	Mineral Properties Mineral property acquisition costs are recorded at cost and are deferred until the viability of the property is determined. No properties have produced operating revenues at this time. Exploration, mineral property evaluation, option payments, related acquisition costs for mineral properties acquired under an option agreement, general overhead, administrative and holding costs to maintain a property on a care and maintenance basis are expensed in the period they are incurred. When reserves are determined for a property and a bankable feasibility study is completed, subsequent exploration and development costs on the property would be capitalized. If a project were to be put into production, capitalized costs would be depleted on the unit of production basis. Management reviews the net carrying value of each mineral property as changes may materialize with a property or at a minimum, on an annual basis. Where information and conditions suggest impairment, estimated future net cash flows from each property are calculated using estimated future prices, proven and probable reserves and value beyond proven and probable reserves, and operating, capital and reclamation costs on an undiscounted basis. If it is determined that the future cash flows are less than the carrying value, a write-down to the estimated fair value is made with a charge to loss for the period. Where estimates of future net cash flows are not available and where other conditions suggest impairment, management assesses if the carrying value can be recovered. Management’s estimates of gold prices, recoverable reserves, probable outcomes, operating capital and reclamation costs are subject to risks and uncertainties that may affect the recoverability of mineral property costs. The Company does not own any mining claims. It owns tailings located on the Tonopah property and some tailings located in Manhattan, Nevada. The Company has not disturbed or processed any of this material and does not intend to do so in the foreseeable future.
Impairment of Long-Lived Assets and Long-Lived Assets	Impairment of Long-Lived Assets and Long-Lived Assets The Company will periodically evaluate the carrying value of long-lived assets to be held and used, including but not limited to, mineral properties, mine tailings, mine dumps, capital assets and intangible assets, when events and circumstances warrant such a review and at least annually. The carrying value of a long-lived asset is considered impaired when the anticipated undiscounted cash flow from such asset is separately identifiable and is less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset. Fair value is determined primarily using the anticipated cash flows discounted at a rate commensurate with the risk involved. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair values are reduced for the cost to dispose.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements During the period ended March 31, 2017 and through May 12, 2017, there were several additional new accounting pronouncements issued by the Financial Accounting Standards Board. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases
Management’s Evaluation of Subsequent Events	Management’s Evaluation of Subsequent Events The Company evaluates events that have occurred after the balance sheet date of March 31, 2017, through the date which the condensed consolidated financial statements were issued. Based upon the review, other than described in Note 12 – Subsequent Events, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements.

SHEA MILLING AND MINING ASSETS

SHEA MILLING AND MINING ASSETS (Tables)	3 Months Ended
	Mar. 31, 2017
Acquisition Of Shea Mining And Milling Assets [Abstract]
Purchase Consideration of Assets Acquired	The purchase consideration of the assets acquired was calculated as follows: Issuance of 35,000,000 shares of common stock with an estimated fair value of $0.89 per share (closing sales price on March 15, 2011) $ 31,150,000 Cash consideration 700,000 Assumption of NJB Mining mortgage 2,500,000 Assumption of accrued interest and other liabilities 463,184 Legal costs (includes issuance of 100,000 shares of common stock valued at $89,000) 205,258 Other direct expenses incurred in connection with the Shea Exchange Agreement 140,985 $ 35,159,427
Final Purchase Price Allocation	The table below sets forth the final purchase price allocation. The fair value of the mineral properties and property and equipment was determined based on level 3 inputs using cost and market value approaches. Tonopah mine tailings $ 24,888,252 Tonopah dormant milling facility 8,062,875 Tonopah land 1,760,000 Tonopah water rights 348,300 Manhattan mine dumps 100,000 Total $ 35,159,427

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Components of Property Plant and Equipment	Components of our property, plant and equipment are as follows: March 31, December 31, 2017 2016 Equipment $ 21,000 $ 21,000 Construction in Progress 1,775,224 1,775,224 Less accumulated depreciation (21,000) (21,000) $ 1,775,224 $ 1,775,224

CONVERTIBLE NOTES PAYABLE (Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Summary of Convertible Notes Payable	The following table summarizes the Company’s remaining convertible promissory notes (convertible into common stock): March 31, December 31, 2017 2016 Convertible notes at March 31, 2017; interest rate of 8%; $ 60,000 $ 60,000 Convertible notes at March 31, 2017; interest rate of 6%; 60,000 Less unamortized debt discount (39,644) (47,507) Convertible promissory notes net of unamortized discount of $0 at March 31, 2017; interest rate of 6%; accrued interest of $36,665 at December 31, 2016 and all of these Notes are past due and original terms apply in the default period. $ 175,000 $ 175,000 Less current portion of Convertible Notes Payable (175,000) (175,000) $ 80,356 $ 12,493

PROMISSORY NOTES PAYABLE - RE22

PROMISSORY NOTES PAYABLE - RELATED PARTY (Tables)	3 Months Ended
	Mar. 31, 2017
Due from Related Parties, Current [Abstract]
Summary of notes payable related party	The following table summarizes the Company’s notes payable related party: March 31, December 31, 2017 2016 Promissory note issued on February 11, 2015, in the principal amount of up to $750,000 with tranches received as follows: $200,000 on February 11, 2015; $48,000 on February 13, 2015; $50,000 on April 13, 2015; $150,000 on July 31, 2015, $2,500 on October 20, 2015, $12,000 on October 29, 2015 and $15,000 on November 4, 2015; the note has a stated interest rate of 8%; with a maturity of 1 year from the date of the tranche. The note is now in default. $ 477,500 $ 477,500 Less discount (- ) (- ) Totals $ 477,500 $ 477,500

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2017
Stockholders' Equity Note [Abstract]
Summary of Stock Options Activity	The following tables summarize information about the Company’s stock options: Weighted Average Number of Exercise Options Price Options outstanding - December 31, 2015 35,076,223 $ 0.99 Granted - - Canceled or expired (2,500,000) 0.88 Exercised - - Options outstanding - December 31, 2016 32,576,223 $ 0.99 Granted - - Canceled or expired - - Exercised - - Options outstanding –March 31, 2017 32,576,223 $ 0.98 Weighted average fair value of options granted during the period ended March 31, 2017 $ - Weighted average fair value of options granted during the year ended December 31, 2016 $ -
Summary of Stock Options by Exercise Price Range	The following table summarizes information about stock options outstanding and exercisable at March 31, 2017: Options Outstanding and exercisable at March 31, 2017 Weighted Weighted Remaining Average Aggregate Range of Number Contractual Exercise Intrinsic Exercise Prices Outstanding Life Price Value(1) $0.40 to $0.60 5,276,223 3.6 years $ 0.46 $ - $0.61 to $1.00 9,800,000 3.5 years $ 0.67 $ - $1.01 to $1.50 14,500,000 3.6 years $ 1.25 $ - $1.51 to $2.25 3,000,000 4.1 years $ 1.63 $ - $0.40 to $2.25 32,576,223 3.6 years $ 0.98 $ - (1) The aggregate intrinsic value in the table represents the difference between the closing stock price on March 31, 2017 and the exercise price, multiplied by the number of in-the-money options that would have been received by the option holders had all option holders exercised their options on March 31, 2017.
Summary of Stock Warrants Outstanding	The following table summarizes information about the Company’s stock purchase warrants outstanding at March 31, 2017 and December 31, 2016: Weighted Range Weighted Average of Remaining Exercise Exercise Contractual Number Price Price Life Outstanding at December 31, 2015 5,015,640 $ 0.88 $ 0.20 – 2.00 4.4 years Granted 1,260,000 $ 2.00 $ 0.30 – 1.25 Cancelled or expired - - - Exercised - $ - $ - Outstanding at December 31, 2016 6,275,640 $ 0.86 $ 0.20 – 2.00 3.2 years Granted - $ - $ - Cancelled or expired - - - Exercised - $ - $ - Outstanding at March 31, 2017 6,275,640 $ 0.80 $ 0.20 - 2.00 2.9 years Warrants exercisable at March 31, 2016 6,425,640

Overview - Additional Informati

Overview - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Nature Of Business [Line Items]
Income (Loss) from operations before extraordinary items	$ (183,381)	$ (162,109)
Retained earnings (Accumulated Deficit)	102,761,496		$ 102,578,115
Working capital deficit	9,263,895
Convertible Promissory Notes Payable [Member]
Nature Of Business [Line Items]
Cash proceeds from short-term debt	$ 120,000

Shea Milling And Mining Asset25

Shea Milling And Mining Assets - Additional Information (Detail)	Oct. 10, 2013USD ($)shares	Oct. 09, 2012shares	Jun. 08, 2012shares	Mar. 15, 2011ashares	Dec. 06, 2012shares	Mar. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Issuance of common stock for Shea Mining and Milling assets (in shares) | shares				35,000,000
Convertible notes, face amount						$ 477,500	$ 477,500
Business Acquisition Purchase Price Allocations Mineral Rights						24,888,252
Business Acquisition Purchase Price Allocations Plant						8,062,875
Business Acquisitions Purchase Price Allocation Other Assets						100,000
Impairment Of Shea Mining And Milling Assets						33,051,127
Investments and Other Noncurrent Assets						2,108,300	$ 2,108,300
Pure Path
Business Acquisition [Line Items]
Issuance of common stock (in shares) | shares			5,000,000
Settlement and Release Agreement [Member]
Business Acquisition [Line Items]
Convertible notes, face amount						2,500,000
Settlement and Release Agreement [Member] | Pure Path
Business Acquisition [Line Items]
Convertible notes, face amount	$ 1,933,345
Business Combination, Acquisition Related Costs	$ 1,500,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross | shares	27,000,000
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Debt Modifications
Business Acquisition [Line Items]
Assumption of NJB Mining mortgage						2,500,000
Assumption of accrued interest						$ 375,645
Debt Modifications | Tonopah Property
Business Acquisition [Line Items]
Area of land | a				1,186
Debt Modifications | Tonopah Property | Millers Tailings
Business Acquisition [Line Items]
Area of land | a				334
Estimated tons of tailings				2,200,000
Forbearance Agreement
Business Acquisition [Line Items]
Issuance of common stock (in shares) | shares		5,000,000
Forbearance Agreement | If the Amended and Restated Forbearance arrangements are not agreed to
Business Acquisition [Line Items]
Issuance of common stock (in shares) | shares					5,000,000
Shea Exchange Agreement
Business Acquisition [Line Items]
Issuance of common stock (in shares) | shares						10,000,000
Wits Basin common stock exchanged for preferred shares Wits Basin common stock exchanged for preferred shares (in shares) | shares						19,713,544
Minimum market capitalization over any 90-day period to be considered as a Liquidation Event						$ 200,000,000
Shea Exchange Agreement | Non voting 5% Series A Preferred Stock
Business Acquisition [Line Items]
Preferred Stock, Liquidation Preference, Value						$ 10,000,000

Purchase Consideration of Asset

Purchase Consideration of Assets Acquired (Detail)	1 Months Ended
	Mar. 31, 2011USD ($)
Business Acquisition [Line Items]
Issuance of 35,000,000 shares of common stock with an estimated fair value of $0.89 per share (closing sales price on March 15, 2011)	$ 31,150,000
Cash consideration	700,000
Assumption of NJB Mining mortgage	2,500,000
Assumption of accrued interest and other liabilities	463,184
Business Acquisitions Cost Of Acquired Entity Purchase Price	35,159,427
Other Expense [Member]
Business Acquisition [Line Items]
Other direct expenses incurred in connection with the Shea Exchange Agreement	140,985
Professional Fees
Business Acquisition [Line Items]
Legal costs (includes issuance of 100,000 shares of common stock valued at $89,000)	$ 205,258

Purchase Consideration of Ass27

Purchase Consideration of Assets Acquired (Parenthetical) (Detail) - USD ($)	Mar. 15, 2011	Mar. 31, 2017
Business Acquisition [Line Items]
Issuance of common stock for Shea Mining and Milling assets (in shares)	35,000,000
Equity Issuances Per Share Amount	$ 0.89
Professional Fees
Business Acquisition [Line Items]
Common stock issued, shares		100,000
Stock issued for cash		$ 89,000

Final Purchase Price Allocation

Final Purchase Price Allocation (Detail)	Mar. 31, 2017USD ($)
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Tonopah mine tailings	$ 24,888,252
Tonopah dormant milling facility	8,062,875
Tonopah land	1,760,000
Tonopah water rights	348,300
Manhattan mine dumps	100,000
Total	$ 35,159,427

Asset Held For Sale - Additiona

Asset Held For Sale - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 31, 2017	Dec. 31, 2016
Assets Held-for-sale, Not Part of Disposal Group, Current, Total		$ 12,000	$ 12,000
Disposal Group, Held-for-sale, Not Discontinued Operations
Impairment of Long-Lived Assets to be Disposed of	$ 270,587
Assets Held-for-sale, Long Lived, Fair Value Disclosure	12,000
Assets Held-for-sale, Not Part of Disposal Group, Current, Total	$ 282,587

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Detail)	Mar. 31, 2017ft²
Construction Contracts [Member]
Property, Plant and Equipment [Line Items]
Area of Land	21,875

Components of Property Plant an

Components of Property Plant and Equipment (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Equipment	$ 21,000	$ 21,000
Construction in Progress	1,775,224	1,775,224
Less accumulated depreciation	(21,000)	(21,000)
Net property, plant and equipment	$ 1,775,224	$ 1,775,224

Convertible Notes Payable - Add

Convertible Notes Payable - Additional Information (Detail) - USD ($)	1 Months Ended		2 Months Ended		3 Months Ended
	Apr. 18, 2017	Mar. 01, 2017	May 14, 2017	Mar. 31, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Apr. 05, 2011
Debt Instrument [Line Items]
Amortization of debt discount					$ 67,863	$ 17,556
Debt Instrument, Face Amount				$ 477,500	$ 477,500		$ 477,500
Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.00%
Debt Instrument, Convertible, Conversion Price	$ 0.075
Debt Instrument, Face Amount	$ 60,000
Restricted Stock [Member]
Debt Instrument [Line Items]
Convertible note, unregistered common stock issued					3,008,712
Convertible Debt [Member]
Debt Instrument [Line Items]
Amortization of debt discount					$ 58,164
Debt Instrument, Interest Rate, Stated Percentage								6.00%
Debt Instrument, Term				1 year
Debt Conversion, Original Debt, Amount					$ 60,174
Debt Instrument, Convertible, Conversion Price		$ 0.02
Debt Instrument, Convertible, Beneficial Conversion Feature		$ 60,000
Convertible Notes Payable
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.00%
Debt Instrument, Face Amount		$ 60,000
Promissory Note [Member]
Debt Instrument [Line Items]
Proceeds from Convertible Debt			$ 60,000
Promissory Note [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.00%
Debt Instrument, Term	1 year
Debt Instrument, Convertible, Conversion Price	$ 0.075

Company's remaining convertible

Company's remaining convertible promissory notes (convertible into common stock) (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Less unamortized debt discount	$ (39,644)	$ (47,507)
Less current portion of Convertible Notes Payable	(175,000)	(175,000)
Convertible Notes Payable, Noncurrent	80,356	12,493
Convertible Notes Payable Two [Member]
Debt Instrument [Line Items]
Convertible Notes Payable	60,000
Convertible Notes Payable One [Member]
Debt Instrument [Line Items]
Convertible Notes Payable	60,000	60,000
Convertible Debt [Member]
Debt Instrument [Line Items]
Convertible Notes Payable	$ 175,000	$ 175,000

Company's remaining convertib34

Company's remaining convertible promissory notes (convertible into common stock) (Parenthetical) (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Unamortized discount	$ (39,644)	$ (47,507)
Accrued interest	769,081	$ 741,747
Convertible Debt [Member]
Debt Instrument [Line Items]
Unamortized discount	$ 0
Interest rate		6.00%
Accrued interest		$ 36,665
Convertible Notes Payable One [Member]
Debt Instrument [Line Items]
Interest rate	8.00%
Convertible Notes Payable Two [Member]
Debt Instrument [Line Items]
Interest rate	6.00%

Promissory Notes Payable - Re35

Promissory Notes Payable - Related Party - Additional Information (Detail) - USD ($)	Feb. 11, 2015	Mar. 31, 2017
Debt Instrument [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0
Promissory Note
Debt Instrument [Line Items]
Warrants To Purchase Common Stock	250,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 1.23
Common Stock Fair Value Disclosure	$ 116,560
Fair Value Assumptions, Exercise Price	$ 1.25
Fair Value Assumptions, Expected Term	7 years
Fair Value Assumptions, Expected Volatility Rate	75.00%
Fair Value Assumptions Discount Rate	1.83%

Company's notes payable related

Company's notes payable related party (Detail) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Debt instrument, face amount	$ 477,500	$ 477,500
Less discount	0	0
Totals	$ 477,500	$ 477,500

Company's notes payable relat37

Company's notes payable related party (Detail) (Parenthetical) - Promissory Note - USD ($)	Nov. 04, 2015	Apr. 13, 2015	Feb. 11, 2015	Oct. 29, 2015	Oct. 20, 2015	Jul. 31, 2015	Feb. 13, 2015
Related Party Transaction [Line Items]
Notes Payable, Related Parties			$ 750,000
Proceeds from Issuance of Unsecured Debt	$ 15,000	$ 50,000	$ 200,000	$ 12,000	$ 2,500	$ 150,000	$ 48,000
Debt Instrument, Interest Rate, Stated Percentage			8.00%
Debt Instrument, Maturity Date, Description			maturity of 1 year from the date of the tranche

Shareholders_ Equity - Addition

Shareholders’ Equity - Additional Information (Detail) - USD ($)	Mar. 07, 2017	Jan. 22, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Stockholders Equity Note [Line Items]
Unrecognized share based compensation Expense			$ 0
Guarantor Obligations, Liquidation Proceeds, Monetary Amount			50,000,000
Share-based Compensation			0	$ 0
Aggregate intrinsic value			$ 6,275,640
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 0
Average Market Capitalization			$ 200,000,000
Wits Basin Precious Minerals Inc [Member] | Exercise Price Range1 [Member]
Stockholders Equity Note [Line Items]
Warrants To Purchase Common Stock		630,000
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0.70
Wits Basin Precious Minerals Inc [Member] | Exercise Price Range2 [Member]
Stockholders Equity Note [Line Items]
Warrants To Purchase Common Stock		630,000
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 0.30
Series A Preferred Stock [Member]
Stockholders Equity Note [Line Items]
Temporary Equity, Par or Stated Value Per Share			$ 0.001		$ 0.001
Preferred Stock, Redemption Amount			$ 10,000,000
Stockholders' Equity, Period Increase (Decrease)			$ 10,100,000
Common stock
Stockholders Equity Note [Line Items]
Conversion of Stock, Shares Issued			5,000,000
Shares Issued, Price Per Share			$ 3
Preferred Stock [Member]
Stockholders Equity Note [Line Items]
Proceeds from Issuance of Unsecured Debt			$ 10,000,000
Proceeds from Issuance of Preferred Stock and Preference Stock			10,000,000
Preferred Stock, Value, Issued			10,000,000
Common Stock, Value, Outstanding			$ 200,000,000
convertible promissory notes [Member]
Stockholders Equity Note [Line Items]
Debt Conversion, Original Debt, Amount	$ 64,174
Debt Conversion, Converted Instrument, Shares Issued	3,008,712
Shea Exchange Agreement
Stockholders Equity Note [Line Items]
Wits Basin common stock exchanged for preferred shares			19,713,544
Stock issued for cash (in shares)			10,000,000
Share Price			$ 1
Market Capitalization			$ 200,000,000
Shea Exchange Agreement | Non voting 5% Series A Preferred Stock | Series A Preferred Stock [Member]
Stockholders Equity Note [Line Items]
Market Capitalization			$ 200,000,000

Summary of Company's Stock Opti

Summary of Company's Stock Options (Detail) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Number of Options
Options outstanding	32,576,223	35,076,223
Granted	0	0
Canceled or expired	0	(2,500,000)
Exercised	0	0
Options outstanding	32,576,223	32,576,223
Weighted Average Exercise Price
Options outstanding	$ 0.99	$ 0.99
Granted	0	0
Canceled or expired	0	0.88
Exercised	0	0
Options outstanding	0.98	0.99
Weighted average fair value of options granted during the period	$ 0	$ 0

Summary of Stock Options Outsta

Summary of Stock Options Outstanding and Exercisable (Detail)	3 Months Ended
	Mar. 31, 2017USD ($)$ / sharesshares
$0.40 to $0.60
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options, Outstanding | shares	5,276,223
Weighted Remaining Contractual Life, Outstanding	3 years 7 months 6 days
Weighted Average Exercise Price, Outstanding | $ / shares	$ 0.46
Aggregate Intrinsic Value, Outstanding | $	$ 0	[1]
$0.61 to $1.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options, Outstanding | shares	9,800,000
Weighted Remaining Contractual Life, Outstanding	3 years 6 months
Weighted Average Exercise Price, Outstanding | $ / shares	$ 0.67
Aggregate Intrinsic Value, Outstanding | $	$ 0	[1]
$1.01 to $1.50
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options, Outstanding | shares	14,500,000
Weighted Remaining Contractual Life, Outstanding	3 years 7 months 6 days
Weighted Average Exercise Price, Outstanding | $ / shares	$ 1.25
Aggregate Intrinsic Value, Outstanding | $	$ 0	[1]
$1.51 to $2.25
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options, Outstanding | shares	3,000,000
Weighted Remaining Contractual Life, Outstanding	4 years 1 month 6 days
Weighted Average Exercise Price, Outstanding | $ / shares	$ 1.63
Aggregate Intrinsic Value, Outstanding | $	$ 0	[1]
$0.40 to $2.25
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options, Outstanding | shares	32,576,223
Weighted Remaining Contractual Life, Outstanding	3 years 7 months 6 days
Weighted Average Exercise Price, Outstanding | $ / shares	$ 0.98
Aggregate Intrinsic Value, Outstanding | $	$ 0	[1]
[1]	The aggregate intrinsic value in the table represents the difference between the closing stock price on March 31, 2017 and the exercise price, multiplied by the number of in-the-money options that would have been received by the option holders had all option holders exercised their options on March 31, 2017.

Summary of Stock Warrants Outst

Summary of Stock Warrants Outstanding (Detail) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Class of Warrant or Right Outstanding
Beginning Balance	6,275,640	5,015,640
Granted	0	1,260,000
Cancelled or expired	0	0
Exercised	0	0
Ending Balance	6,275,640	6,275,640	5,015,640
Warrants exercisable	6,425,640
Class of Warrant or Right Outstanding, Weighted Average Exercise Price
Beginning Balance	$ 0.86	$ 0.88
Granted	0	2
Cancelled or expired	0	0
Exercised	0	0
Ending Balance	0.8	0.86	$ 0.88
Class of Warrant or Right Outstanding Exercise Price Range
Granted	0
Cancelled or expired	0	0
Exercised	0	$ 0
Ending Balance	$ 0
Class of Warrant or Right Outstanding Weighted Average Remaining Contractual Life
Outstanding	2 years 10 months 24 days	3 years 2 months 12 days	4 years 4 months 24 days
Minimum
Class of Warrant or Right Outstanding Exercise Price Range
Begining Balance	$ 0.20	$ 0.20
Granted		0.30
Ending Balance	0.20	0.20	$ 0.20
Maximum
Class of Warrant or Right Outstanding Exercise Price Range
Begining Balance	2	2
Granted		1.25
Ending Balance	$ 2	$ 2	$ 2

Commitments And Contingencies -

Commitments And Contingencies - Additional Information (Detail) - USD ($)	Sep. 02, 2011	Apr. 05, 2011	Nov. 23, 2015	Aug. 28, 2015	Mar. 31, 2017
Convertible Promissory Note Due In April [Member]
Loss Contingency, Damages Sought, Value		$ 50,000
Debt Instrument, Interest Rate, Stated Percentage		6.00%
Convertible Promissory Note Due In September [Member]
Loss Contingency, Damages Sought, Value	$ 25,000
Debt Instrument, Interest Rate, Stated Percentage	6.00%
Stephen E. Flechner v. Standard Metals Processing, Inc. [Member]
Loss Contingency, Damages Sought, Value				$ 2,157,000
Loss contingency, Interest Payable				235,246
Loss contingency, Interest Accrual Rate				$ 472.76
Midwest Investment Partners, LLC v. Standard Gold Holdings, Inc [Member]
Loss Contingency, Damages Sought, Value			$ 130,000
Payments for Legal Settlements					$ 35,000
Blair Mielke [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Gross			25,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)

Nov. 04, 2015

Apr. 13, 2015

Feb. 11, 2015

Feb. 04, 2015

Oct. 10, 2013

Oct. 29, 2015

Oct. 20, 2015

Jul. 31, 2015

Feb. 13, 2015

Mar. 31, 2017

Mar. 31, 2016

Dec. 31, 2016

Related Party Transaction [Line Items]

Debt instrument, face amount

$ 477,500

$ 477,500

Debt conversion, converted instrument, amount

$ 60,175

$ 0

Settlement liabilities

$ 1,500,000

Consultancy Fee

Related Party Transaction [Line Items]

Related Party Transaction, Amounts of Transaction

1,150,000

Tina Gregerson Director

Related Party Transaction [Line Items]

Convertible notes, interest rate

8.00%

Debt instrument, face amount

$ 750,000

common stock shares issuable upon exercise of warrants

250,000

Debt conversion converted instrument principal amount

$ 15,000

$ 50,000

$ 200,000

$ 12,000

$ 2,500

$ 150,000

$ 48,000

Common shares issuable upon exercise price of warrants or rights

$ 1.23

Pure Path Management Company

Related Party Transaction [Line Items]

Debt instrument, face amount

$ 2,500,000

Debt conversion, converted instrument, amount

$ 54,590

Common stock issued, shares

27,000,000

Equity Method Investment, Ownership Percentage

21.00%

Due to Related Parties, Total

$ 1,500,000

Stock Issued During Period, Value, New Issues

$ 1,933,345

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

8.00%

Pure Path Capital Management Company LLC

Related Party Transaction [Line Items]

Common stock issued, shares

27,000,000

Earnings (Loss) Per Share - Add

Earnings (Loss) Per Share - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2017shares
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	1,800,000
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	32,576,223
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of EPS	6,275,640

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($)	Apr. 18, 2017	Mar. 31, 2017	Dec. 31, 2016
Subsequent Event [Line Items]
Debt Instrument, Face Amount		$ 477,500	$ 477,500
Subsequent Event
Subsequent Event [Line Items]
Debt Instrument, Convertible, Conversion Price	$ 0.075
Debt Instrument, Face Amount	$ 60,000
Debt Instrument, Interest Rate, Stated Percentage	6.00%