Westwater Resources (WWR) 10-Q 12 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	12-May-15
Document And Entity Information
Entity Registrant Name	URANIUM RESOURCES INC /DE/
Entity Central Index Key	839470
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		29,777,989
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current Assets:
Cash and cash equivalents	$8,381	$5,570
Prepaid and other current assets	1,056	863
Total Current Assets	9,437	6,433
Property, plant and equipment, at cost:
Property, plant and equipment	98,454	98,454
Less accumulated depreciation, depletion and impairment	-65,809	-65,724
Net property, plant and equipment	32,645	32,730
Restricted cash	3,941	3,941
Total Assets	46,023	43,104
Current Liabilities:
Accounts payable	636	796
Accrued liabilities	1,812	1,680
Current portion of asset retirement obligations	197	196
Total Current Liabilities	2,645	2,672
Asset retirement obligations, net of current portion	4,063	4,000
Convertible loan, net of discount - related party	4,794	4,345
Other long-term liabilities and deferred credits	950	950
Total Liabilities	12,452	11,967
Commitments and Contingencies
Stockholders' Equity:
Common stock, 200,000,000 shares authorized, $.001 par value; Issued shares - 29,737,844 and 25,288,113, respectively Outstanding shares - 29,641,527 and 25,192,669, respectively	30	25
Paid-in capital	239,714	233,524
Accumulated deficit	-205,915	-202,154
Less: Treasury stock (95,444 and 95,444 shares, respectively), at cost	-258	-258
Total Stockholders' Equity	33,571	31,137
Total Liabilities and Stockholders' Equity	$46,023	$43,104

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, shares authorized	200,000,000	200,000,000
Common stock par value	$0.00	$0.00
Common stock, shares issued	29,737,844	25,288,113
Common stock, shares outstanding	29,641,527	25,192,669
Treasury stock, shares	95,444	95,444

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating Expenses:
Mineral property expenses	($809)	($880)
General and administrative	-2,095	-2,642
Accretion of asset retirement obligations	-112	-79
Depreciation and amortization	-85	-101
Total operating expenses	-3,101	-3,702
Non-Operating Income/(Expenses):
Gain on derivatives		654
Interest expense	-675	-414
Other income, net	15	2
Total other income/(expense)	-660	242
Net Loss	($3,761)	($3,460)
BASIC AND DILUTED LOSS PER SHARE	($0.14)	($0.15)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	26,555,432	22,358,558

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows and Supplemental Cash Flow Information (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating Activities:
Net loss	($3,761)	($3,460)
Reconciliation of net loss to cash used in operations:
Accretion of asset retirement obligations	112	79
Amortization of debt discount	449	243
Amortization of convertible loan establishment fee	25	25
Change in fair value of derivative liability		-654
Costs incurred for restoration and reclamation activities	-48
Depreciation and amortization	85	101
Stock compensation expense	454	309
Gain on disposal of property, plant and equipment	-18
Effect of changes in operating working capital items:
(Increase)/decrease in receivables	12	-245
Increase in prepaid and other current assets	-184	-207
Increase in payables, accrued liabilities and deferred credits	175	59
Net Cash Used In Operating Activities	-2,699	-3,750
Cash Flows From Investing Activities:
Proceeds from disposal of property, plant and equipment	18
Net Cash Provided By Investing Activities	18
Cash Flows From Financing Activities:
Proceeds from convertible loan		2,000
Payments on borrowings	-4	-4
Issuance of common stock, net	5,619	11,249
Payment of minimum withholding taxes on net share settlements of equity awards	-123
Net Cash Provided By Financing Activities	5,492	13,245
Net increase in cash and cash equivalents	2,811	9,495
Cash and cash equivalents, beginning of period	5,570	1,117
Cash and Cash Equivalents, End of Period	8,381	10,612
Cash paid during the period for:
Interest		6
Supplemental Non-Cash Information With Respect to Investing and Financing Activities:
Common stock issued for payment of convertible loan interest and fees	$199	$363

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (USD $)	Common Stock [Member]	Paid-In Capital [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	Total
In Thousands, except Share data
Balance at Dec. 31, 2014	$25	$233,524	($202,154)	($258)	$31,137
Balance shares at Dec. 31, 2014	25,192,669
Net loss			-3,761		-3,761
Common stock and common stock purchase warrants issued, net of issuance costs	5	5,660			5,665
Common stock and common stock purchase warrants issued, net of issuance costs, shares	4,160,500
Common stock issued for loan interest and fees		199			199
Common stock issued for loan interest and fees, shares	102,912
Stock compensation expense and related share issuances, net of shares withheld for the payment of taxes		454			454
Stock compensation expense and related share issuances, net of shares withheld for the payment of taxes, shares	185,446
Minimum withholding taxes on net share settlements of equity awards		-123			-123
Balance at Mar. 31, 2015	$30	$239,714	($205,915)	($258)	$33,571
Balance shares at Mar. 31, 2015	29,641,527

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION
	The accompanying unaudited condensed consolidated financial statements for Uranium Resources, Inc. (the “Company,” “we,” “us,” or “URI”) have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. The accompanying statements should be read in conjunction with the audited financial statements included in Uranium Resources, Inc.’s 2014 Annual Report on Form 10-K. In the opinion of management, all adjustments (which are of a normal, recurring nature) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected for any other period including the full year ending December 31, 2015.
	Recently Issued Accounting Pronouncements
	In August 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update No. 2014-15 (ASU 2014-15), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. We do not expect to early adopt this guidance and do not believe that the adoption of this guidance will have a material impact on our financial statements or related disclosures.

Property_Plant_and_Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	2. PROPERTY, PLANT AND EQUIPMENT
		31-Mar-15		31-Dec-14
		Net book value		Net book value
	Uranium plant	$	8,894	$	8,921
	Mineral rights and properties		22,063		22,063
	Vehicles		244		264
	Other property, plant and equipment		1,444		1,482
	Total	$	32,645	$	32,730

Debt

Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt	3. DEBT
	On November 13, 2013, the Company entered into a loan agreement (the “Loan Agreement”) with Resource Capital Fund V L.P. (“RCF”), whereby RCF agreed, subject to the terms and conditions set forth in the Loan Agreement, to provide a secured convertible loan facility of up to $15,000 to the Company, which was subsequently amended on April 29, 2014 to reduce the amount available thereunder from $15,000 to $8,000. No additional amounts may be drawn under the Loan Agreement.
	Amounts drawn under the Loan Agreement mature on December 31, 2016 and bear interest at 10% per annum, payable quarterly in arrears in shares of the Company’s common stock or, at RCF’s election, in cash. The number of shares to be issued as payment for interest is determined based upon the volume weighted-average price (“VWAP”) of the Company’s common stock for the 20 trading days preceding the last day of each quarter. Accordingly, the Company issued 102,912 shares of common stock on January 5, 2015 for settlement of interest expense of $199 related to the three-month period ended December 31, 2014.
	As of March 31, 2015, interest expense of $201 relating to the three-month period ended March 31, 2015 was included in accrued liabilities on the Company’s Consolidated Balance Sheets.
	The following table represents the key components of our convertible loan:
		31-Mar-15			31-Dec-14
	Debt principal		8,000			8,000
	Unamortized discount		(3,206	)		(3,655	)
	Carrying value of convertible loan, end of period		4,794		$	4,345
	For the three-month period ended March 31, 2015, the Company recorded amortization of the debt discount of $449, which has been included in interest expense in the Company’s Condensed Consolidated Statements of Operations.
	RCF may convert amounts drawn under the Loan Agreement into shares of the Company’s common stock at any time prior to maturity on December 31, 2016. The conversion price is set at $2.60 per share. As of May 12, 2015, RCF owned 7,059,243 shares or 23.7% of the Company’s outstanding common stock. If RCF were to convert the entire $8,000 outstanding under the Loan Agreement, RCF would receive 3,076,923 shares of the Company’s common stock, and RCF’s ownership percentage in the Company would increase to approximately 30.9%.

Minerals_Property_Expenditures

Minerals Property Expenditures	3 Months Ended
	Mar. 31, 2015
Minerals Property Expenditures
Minerals Property Expenditures	4. MINERAL PROPERTY EXPENDITURES
	Mineral property expenditures for the three months ended March 31, 2015 and 2014 are as follows:
		For the three months ending March 31,
		2015		2014
	Restoration/Recovery expenses
	Kingsville Dome Project	$	-	$	247
	Rosita Project		9		2
	Vasquez Project		-		27
	Total restoration/recovery expenses		9		276
	Standby care and maintenance expenses
	Kingsville Dome Project		128		135
	Rosita Project		94		161
	Vasquez Project		89		72
	Total standby care and maintenance expenses		311		368
	Exploration and evaluation costs		220		-
	Land maintenance and holding costs		269		236
	Total mineral property expenses	$	809	$	880

Asset_Retirement_Obligations

Asset Retirement Obligations	3 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	5. ASSET RETIREMENT OBLIGATIONS
	The following table summarizes the changes in the reserve for future restoration and reclamation costs on the balance sheet:
		31-Mar-15			31-Dec-14
	Balance, beginning of period	$	4,196		$	3,834
	Changes in cash flow estimates		-			136
	Costs incurred		(48	)		(199	)
	Accretion expense		112			425
	Balance, end of period		4,260			4,196
	Less: Current portion		(197	)		(196	)
	Non-current Portion	$	4,063		$	4,000
	The Company is currently performing plugging and abandonment activities at its Rosita project. The Company’s current liability of $197 consists of the estimated costs associated with current plugging and abandonment activities and planned surface reclamation activities through March 2016 at the Company’s Rosita project.

Common_Stock

Common Stock	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Common Stock	6. COMMON STOCK
	Common Stock Issued, Net of Issuance Costs
	Registered Direct Offering
	On March 6, 2015, the Company completed a registered direct offering for gross proceeds of $6,000. Net proceeds to the Company, after deducting agent’s fees and offering expenses were $5,389. Under the Securities Purchase Agreement, the Company agreed to sell 4,000,000 units at a price of $1.50 per unit. Each unit entitled the purchaser to receive one share of common stock of the Company and a warrant to purchase 0.55 shares of common stock at an exercise price of $2.00 per whole share. The warrants will be exercisable for a period of 5 years beginning on the six-month anniversary of the original issuance and ending on a date that is 5 years after the first date of exercisability.
	At-the-Market Sales
	On October 31, 2011, the Company entered into an At-The-Market Sales Agreement with BTIG LLC (the “ATM Sales Agreement”), a major global securities trading firm that acts as our sales agent. Under the ATM Sales Agreement, the Company may from time to time sell shares of its common stock having an aggregate offering amount up to $15,000 in “at-the-market” offerings, which shares are registered under the Company’s currently effective registration statement on Form S-3. The Company filed a prospectus supplement dated July 2, 2014 with the Securities and Exchange Commission in connection with the offering, relating to shares of its common stock having an aggregate offering price of up to $4,100. The Company pays BTIG a commission equal to 3.0% of the gross proceeds from the sale of any shares pursuant to the ATM Sales Agreement.
	During the three months ended March 31, 2015 the Company sold 160,500 shares of common stock for net proceeds of $276 under the ATM Sales Agreement. As of May 12, 2015, approximately $6,000 of the aggregate $15,000 remained available for future sales under the ATM Sales Agreement.
	Common Stock Issued for Loan Interest and Fees
	As discussed in Note 3 above, unless RCF elects to receive cash, RCF receives common shares of the Company for the payment of interest owing on the Loan Agreement. For the three months ended March 31, 2015, the Company issued 102,912 common shares for the payment of $199 in accrued interest and fees for the three months ended December 31, 2014.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	7. STOCK-BASED COMPENSATION
	Stock-based compensation awards consist of stock options, restricted stock units and restricted stock awards issued under the Company’s equity incentive plans which include: the 2013 Omnibus Incentive Plan (the “2013 Plan”); the 2007 Restricted Stock Plan (the “2007 Plan”); the Amended and Restated 2004 Directors’ Stock Option and Restricted Stock Plan (the “2004 Directors’ Plan”); the 2004 Stock Incentive Plan (the “2004 Plan”); and the 1995 Stock Incentive Plan (the “1995 Plan”). Upon approval of the 2013 Plan by the Company’s stockholders on June 4, 2013, the Company’s authority to grant new awards under all plans other than the 2013 Plan was terminated. As of March 31, 2015, 503,452 shares were available for future issuances under the 2013 Plan. For the three months ending March 31, 2015 and 2014, the Company recorded stock-based compensation expense of $454 and $309, respectively, which has been included in general and administrative expense.
	Bonus Shares
	In March 2015, in accordance with the Company’s short-term incentive plan, the Company awarded its executives bonuses that were paid out in common stock of the Company. The bonus shares vested immediately and had a fair value of $283 which was determined using the closing share price of the Company’s common stock on the date of grant.
	Stock Options
	The following table summarizes stock options outstanding and changes for the three-month periods ending March 31, 2015 and 2014:
		31-Mar-15					31-Mar-14
					Weighted					Weighted
		Number of			Average		Number of			Average
		stock options			Exercise Price		stock options			Exercise Price
	Stock options outstanding at beginning of period		160,748		$	19.75		309,479		$	19.75
	Expired		(2,500	)		32.9		-			-
	Canceled or forfeited		-			-		-			-
	Stock options outstanding at end of period		158,248		$	25.06		309,479		$	19.75
	Stock options exercisable at end of period		132,417		$	29.25		256,656		$	23.04
	The following table summarizes stock options outstanding and exercisable by stock option plan at March 31, 2015:
		Outstanding Options					Options Exercisable
		Number of			Weighted		Number of			Weighted
		Options			Average		Options			Average
	Stock Option Plan	Outstanding			Exercise Price		Exercisable			Exercise Price
	1995 Stock Incentive Plan		8,750		$	31.2		8,750		$	31.2
	2004 Stock Incentive Plan		69,500			10.1		51,167			12.74
	2004 Director’s Plan		74,998			39.68		71,250			41.32
	2013 Omnibus Incentive Plan		5,000			2.99		1,250			2.99
			158,248		$	25.06		132,417		$	29.25
	Total estimated unrecognized compensation cost from unvested stock options as of March 31, 2015 was approximately $72, which is expected to be recognized over a weighted-average period of 1.3 years.
	Restricted Stock Units
	Time-based and performance-based restricted stock units (“RSUs”) are valued using the closing share price of the Company’s common stock on the date of grant. The final number of shares issued under performance-based RSUs is generally based on the Company’s prior year performance as determined by the Compensation Committee of the Board of Directors at each vesting date, and the valuation of such awards assumes full satisfaction of all performance criteria.
	The following table summarizes RSU activity for the three-month periods ended March 31, 2015 and 2014:
		31-Mar-15					31-Mar-14
		Number of			Average Grant		Number of			Average Grant
		restricted			Date Fair		restricted			Date Fair
		stock units			Value		stock units			Value
	Unvested RSUs at beginning of period		544,810		$	2.84		280,000		$	3.31
	Granted		-			-		-			-
	Forfeited		-			-		-			-
	Vested		(63,496	)		2.73		(33,333	)		2.83
	Unvested RSUs at end of period		481,314		$	2.86		246,667		$	3.37
	Total estimated unrecognized compensation cost from unvested RSUs as of March 31, 2015 was approximately $947, which is expected to be recognized over a weighted-average period of 1.74 years.
	Restricted Stock Awards
	Time-based and performance-based restricted stock awards (“RSAs”) are valued using the closing share price of the Company’s common stock on the date of grant. Vesting based on performance criteria is generally based on the Company’s prior year performance as determined by the Compensation Committee of the Board of Directors at each vesting date, and the valuation of such grants assumes full satisfaction of all performance criteria. Employee participants who receive restricted stock awards have all of the rights of a shareholder, including the right to vote shares of restricted stock that are the subject of the grant and the right to receive any regular cash dividends paid out of current earnings.
	The following table summarizes RSA activity for the three-month periods ended March 31, 2015 and 2014:
		31-Mar-15					31-Mar-14
					Weighted-					Weighted-
					Average					Average
		Number of			Grant Date		Number of			Grant Date
		RSAs			Fair Value		RSAs			Fair Value
	Unvested RSAs at beginning of period		26,670		$	5.21		54,151		$	5.49
	Granted		-			-		-			-
	Forfeited		-			-		(1,851	)		2.73
	Vested		(2,778	)		2.73		(11,482	)		2.73
	Unvested RSAs at end of period		23,892		$	5.5		40,818		$	6.39
	The total estimated unrecognized compensation cost from the unvested RSA grants at March 31, 2015 was $21, which is expected to be recognized over the weighted-average vesting period of 0.79 years.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	8. EARNINGS PER SHARE
	Basic and diluted loss per common share have been calculated based on the weighted-average shares outstanding during the period. Potentially dilutive shares of 5,916,485 were excluded from the calculation of earnings per share because the effect on the basic loss per share would be anti-dilutive due to our net loss position for the quarter ended March 31, 2015.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. COMMITMENTS AND CONTINGENCIES
	The Company’s uranium recovery operations are subject to federal and state regulations for the protection of the environment, including water quality. These laws frequently change and generally become more restrictive. The ongoing costs of complying with such regulations have not been significant to the Company’s annual operating costs. Future closure and reclamation costs are provided for as each pound of uranium is produced on a unit-of-production basis. The Company reviews its reclamation obligations each year and determines the appropriate unit charge. The Company also evaluates the status of current environmental laws and their potential impact on the Company’s accrual for costs. The Company believes its operations are in substantial compliance with current federal and state environmental regulations.

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment		31-Mar-15		31-Dec-14
		Net book value		Net book value
	Uranium plant	$	8,894	$	8,921
	Mineral rights and properties		22,063		22,063
	Vehicles		244		264
	Other property, plant and equipment		1,444		1,482
	Total	$	32,645	$	32,730

Debt_Tables

Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Summary of Convertible Loan	The following table represents the key components of our convertible loan:
		31-Mar-15			31-Dec-14
	Debt principal		8,000			8,000
	Unamortized discount		(3,206	)		(3,655	)
	Carrying value of convertible loan, end of period		4,794		$	4,345

Minerals_Property_Expenditures1

Minerals Property Expenditures (Tables)	3 Months Ended
	Mar. 31, 2015
Minerals Property Expenditures
Schedule of Minerals Property Expenditures	Mineral property expenditures for the three months ended March 31, 2015 and 2014 are as follows:
		For the three months ending March 31,
		2015		2014
	Restoration/Recovery expenses
	Kingsville Dome Project	$	-	$	247
	Rosita Project		9		2
	Vasquez Project		-		27
	Total restoration/recovery expenses		9		276
	Standby care and maintenance expenses
	Kingsville Dome Project		128		135
	Rosita Project		94		161
	Vasquez Project		89		72
	Total standby care and maintenance expenses		311		368
	Exploration and evaluation costs		220		-
	Land maintenance and holding costs		269		236
	Total mineral property expenses	$	809	$	880

Assets_Retirement_Obligations_

Assets Retirement Obligations (Tables)	3 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Summary of Asset Retirement Obligation	The following table summarizes the changes in the reserve for future restoration and reclamation costs on the balance sheet:
		31-Mar-15			31-Dec-14
	Balance, beginning of period	$	4,196		$	3,834
	Changes in cash flow estimates		-			136
	Costs incurred		(48	)		(199	)
	Accretion expense		112			425
	Balance, end of period		4,260			4,196
	Less: Current portion		(197	)		(196	)
	Non-current Portion	$	4,063		$	4,000

Stock_Based_Compensation_Table

Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Options Outstanding	The following table summarizes stock options outstanding and changes for the three-month periods ending March 31, 2015 and 2014:
		31-Mar-15					31-Mar-14
					Weighted					Weighted
		Number of			Average		Number of			Average
		stock options			Exercise Price		stock options			Exercise Price
	Stock options outstanding at beginning of period		160,748		$	19.75		309,479		$	19.75
	Expired		(2,500	)		32.9		-			-
	Canceled or forfeited		-			-		-			-
	Stock options outstanding at end of period		158,248		$	25.06		309,479		$	19.75
	Stock options exercisable at end of period		132,417		$	29.25		256,656		$	23.04
Summary of Stock Options Outstanding and Exercisable by Stock option plan	The following table summarizes stock options outstanding and exercisable by stock option plan at March 31, 2015:
		Outstanding Options					Options Exercisable
		Number of			Weighted		Number of			Weighted
		Options			Average		Options			Average
	Stock Option Plan	Outstanding			Exercise Price		Exercisable			Exercise Price
	1995 Stock Incentive Plan		8,750		$	31.2		8,750		$	31.2
	2004 Stock Incentive Plan		69,500			10.1		51,167			12.74
	2004 Director’s Plan		74,998			39.68		71,250			41.32
	2013 Omnibus Incentive Plan		5,000			2.99		1,250			2.99
			158,248		$	25.06		132,417		$	29.25
Summary of Status of Non-Vested Restricted Shares	The following table summarizes RSU activity for the three-month periods ended March 31, 2015 and 2014:
		31-Mar-15					31-Mar-14
		Number of			Average Grant		Number of			Average Grant
		restricted			Date Fair		restricted			Date Fair
		stock units			Value		stock units			Value
	Unvested RSUs at beginning of period		544,810		$	2.84		280,000		$	3.31
	Granted		-			-		-			-
	Forfeited		-			-		-			-
	Vested		(63,496	)		2.73		(33,333	)		2.83
	Unvested RSUs at end of period		481,314		$	2.86		246,667		$	3.37
Summary of Restricted Stock Awards	The following table summarizes RSA activity for the three-month periods ended March 31, 2015 and 2014:
		31-Mar-15					31-Mar-14
					Weighted-					Weighted-
					Average					Average
		Number of			Grant Date		Number of			Grant Date
		RSAs			Fair Value		RSAs			Fair Value
	Unvested RSAs at beginning of period		26,670		$	5.21		54,151		$	5.49
	Granted		-			-		-			-
	Forfeited		-			-		(1,851	)		2.73
	Vested		(2,778	)		2.73		(11,482	)		2.73
	Unvested RSAs at end of period		23,892		$	5.5		40,818		$	6.39

Property_Plant_and_Equipment_S

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Property plant and equipment balances, net	$32,645	$32,730
Uranium Plant [Member]
Property plant and equipment balances, net	8,894	8,921
Mineral Rights and Properties [Member]
Property plant and equipment balances, net	22,063	22,063
Vehicles [Member]
Property plant and equipment balances, net	244	264
Other Property Plant and Equipment [Member]
Property plant and equipment balances, net	$1,444	$1,482

Debt_Details_Narrative

Debt (Details Narrative) (USD $)	3 Months Ended		0 Months Ended	3 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Jan. 05, 2015	Dec. 31, 2014	Apr. 29, 2014	Nov. 13, 2013
Line of Credit Facility [Line Items]
Interest expense	$675	$414
Common stock, shares outstanding	29,641,527			25,192,669
Loan Agreement [Member] | Resource Capital Fund V LP [Member]
Line of Credit Facility [Line Items]
Debt maturity date	31-Dec-16
Interest expense	201
Debt conversation price per shares	$2.60
Resource Capital Fund V LP [Member] | Loan Agreement [Member]
Line of Credit Facility [Line Items]
Debt maturity date	31-Dec-16
Debt interest rate	10.00%
Issuance of common stock for settlement of interest expenses, shares	102,912		102,912
Issuance of common stock for settlement of interest expenses				199
Resource Capital Fund V LP [Member] | Loan Agreement [Member] | May 12, 2015 [Member]
Line of Credit Facility [Line Items]
Common stock, shares outstanding	7,059,243
Percentage of outstanding common stock	23.70%
Resource Capital Fund V LP [Member] | Loan Agreement [Member] | May 31, 2015 [Member]
Line of Credit Facility [Line Items]
Debt conversation amount	8,000
Issuance of common stock, shares	3,076,923
Resource Capital Fund V LP [Member] | Maximum [Member] | Loan Agreement [Member] | May 31, 2015 [Member]
Line of Credit Facility [Line Items]
Percentage of outstanding common stock	30.90%
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity						15,000
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Maximum [Member] | Loan Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit fee available					15,000
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Minimum [Member] | Loan Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit fee available					$8,000

Debt_Summary_of_Convertible_Lo

Debt - Summary of Convertible Loan (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]
Debt principal	$8,000	$8,000
Unamortized discount	-3,206	-3,655
Carrying value of convertible loan, end of period	$4,794	$4,345

Minerals_Property_Expenditures2

Minerals Property Expenditures - Schedule of Minerals Property Expenditures (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Total restoration/recovery expenses	$9	$276
Total standby care and maintenance expenses	311	368
Exploration and evaluation costs	220
Land maintenance and holding costs	269	236
Total Mineral property expenses	809	880
Kingsville Dome Project [Member]
Total restoration/recovery expenses		247
Total standby care and maintenance expenses	128	135
Rosita Project [Member]
Total restoration/recovery expenses	9	2
Total standby care and maintenance expenses	94	161
Vasquez Project [Member]
Total restoration/recovery expenses		27
Total standby care and maintenance expenses	$89	$72

Asset_Retirement_Obligations_D

Asset Retirement Obligations (Details Narrative) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation current	$197	$196

Asset_Retirement_Obligations_S

Asset Retirement Obligations - Summary of Asset Retirement Obligation (Details) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Asset Retirement Obligation Disclosure [Abstract]
Balance, beginning of period	$4,196	$3,834	$3,834
Changes in cash flow estimates			136
Costs incurred	-48		-199
Accretion expense	112	79	425
Balance, end of period	4,260		4,196
Less: Current portion	-197		-196
Non-current Portion	$4,063		$4,000

Common_Stock_Details_Narrative

Common Stock (Details Narrative) (USD $)	0 Months Ended		3 Months Ended		0 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 06, 2015	Jan. 05, 2015	Mar. 31, 2015	Dec. 31, 2014	Jul. 02, 2014	Oct. 31, 2011
Securities Purchase Agreement [Member]
Proceeds from direct offering	$6,000
Proceeds from agent's fees and offering expenses	5,389
Sale of common stock, units	4,000,000
Sale of common stock price per unit	$1.50
Issuance of warrant to purchases of common stock each unit consist of one shares	$0.55
Common stock exercise price per whole shares	$2
Warrant exercisable period at beginning	5 years
Warrant exercisable period at ending	5 years
Loan Agreement [Member] | Resource Capital Fund V LP [Member]
Issuance of common stock for settlement of interest expenses, shares		102,912	102,912
Issuance of common stock for settlement of interest expenses				199
BTIG, LLC [Member] | ATM Sales Agreement [Member]
Proceeds from direct offering					4,100	15,000
Sale of common stock, units			160,500
Percentage of commission to be paid on gross proceeds						3.00%
Proceeds from sales of common stock			276
BTIG, LLC [Member] | ATM Sales Agreement [Member] | May 12, 2015 [Member]
Proceeds from sales of common stock			6,000
Proceeds from future sale of equity			15,000

Stock_Based_Compensation_Detai

Stock Based Compensation (Details Narrative) (USD $)	3 Months Ended		12 Months Ended	1 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense	$454	$309	$309
Short-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Bonus shares vested grant date fair value				$283
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost from unvested stock options	72
Weighted average period of unvested stock options	1 year 3 months 18 days
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost from unvested stock options	947
Weighted average period of unvested stock options	1 year 8 months 27 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost from unvested stock options	$21
Weighted average period of unvested stock options	9 months 15 days
2013 Omnibus Incentive Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock shares reserved for future issuance	503,452

Stock_Based_Compensation_Summa

Stock Based Compensation - Summary of Stock Options Outstanding (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of stock options outanding, Beginning of period	160,748	309,479
Number of stock options outanding, Expired	-2,500
Number of stock options outanding, Canceled or forfeited
Number of stock options outanding, End of period	158,248	309,479
Number of stock options outanding, Exercisable	132,417	256,656
Weighted average exercise price, Beginning of period	$19.75	$19.75
Weighted average exercise price, Expired	$32.90
Weighted average exercise price, Canceled or forfeited
Weighted average exercise price, End of period	$25.06	$19.75
Weighted average exercise price, Exercisable	$29.25	$23.04

StockBased_Compensation_Summar

Stock-Based Compensation - Summary of Stock Options Outstanding and Exercisable by Stock Option Plan (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Outstanding Options, Number of Options Outstanding	158,248	160,748	309,479	309,479
Outstanding Options, Weighted Average Exercise Price	$25.06	$19.75	$19.75	$19.75
Options Exercisable, Number of Options Exercisable	132,417		256,656
Options Exercisable, Weighted Average Exercise Price	$29.25		$23.04
1995 Stock Incentive Plan [Member]
Outstanding Options, Number of Options Outstanding	8,750
Outstanding Options, Weighted Average Exercise Price	$31.20
Options Exercisable, Number of Options Exercisable	8,750
Options Exercisable, Weighted Average Exercise Price	$31.20
2004 Stock Incentive Plan [Member]
Outstanding Options, Number of Options Outstanding	69,500
Outstanding Options, Weighted Average Exercise Price	$10.10
Options Exercisable, Number of Options Exercisable	51,167
Options Exercisable, Weighted Average Exercise Price	$12.74
2004 Director's Plan [Member]
Outstanding Options, Number of Options Outstanding	74,998
Outstanding Options, Weighted Average Exercise Price	$39.68
Options Exercisable, Number of Options Exercisable	71,250
Options Exercisable, Weighted Average Exercise Price	$41.32
2013 Omnibus Incentive Plan [Member]
Outstanding Options, Number of Options Outstanding	5,000
Outstanding Options, Weighted Average Exercise Price	$2.99
Options Exercisable, Number of Options Exercisable	1,250
Options Exercisable, Weighted Average Exercise Price	$2.99

Stock_Based_Compensation_Summa1

Stock Based Compensation - Summary of Status of Non-Vested Restricted Shares (Details) (Restricted Stock [Member], USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Restricted Stock [Member]
Number of restricted stock, Unvested Beginning of period	544,810	280,000
Number of restricted stock, Granted
Number of restricted stock, Forfeited
Number of restricted stock, Vested	-63,496	-33,333
Number of restricted stock, Unvested End of period	481,314	246,667
Weighted Average Grant Date Fair Value, Unvested Beginning of period	$2.84	$3.31
Weighted Average Grant Date Fair Value, Granted
Weighted Average Grant Date Fair Value, Forfeited
Weighted Average Grant Date Fair Value, Vested	$2.73	$2.83
Weighted Average Grant Date Fair Value, Unvested End of period	$2.86	$3.37

Stock_Based_Compensation_Summa2

Stock Based Compensation - Summary of Restricted Stock Awards (Details) (Restricted Stock Awards [Member], USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Restricted Stock Awards [Member]
Number of restricted stock, Unvested Beginning of period	26,670	54,151
Number of restricted stock, Granted
Number of restricted stock, Forfeited		-1,851
Number of restricted stock, Vested	-2,778	-11,482
Number of restricted stock, Unvested End of period	23,892	40,818
Weighted Average Grant Date Fair Value, Unvested Beginning of period	$5.21	$5.49
Weighted Average Grant Date Fair Value, Granted
Weighted Average Grant Date Fair Value, Forfeited		$2.73
Weighted Average Grant Date Fair Value, Vested	$2.73	$2.73
Weighted Average Grant Date Fair Value, Unvested End of period	$5.50	$6.39

Earnings_Per_Share_Details_Nar

Earnings Per Share (Details Narrative)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Potentially dilutive shares were excluded from the calculation of earnings per share	5,916,485