Westwater Resources (WWR) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 14, 2015
Document And Entity Information
Entity Registrant Name	URANIUM RESOURCES INC /DE/
Entity Central Index Key	839,470
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		30,014,023
Trading Symbol	URRE
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 4,485,000	$ 5,570,000
Loan receivable	780,000
Prepaid and other current assets	766,000	$ 863,000
Total Current Assets	6,031,000	6,433,000
Property, plant and equipment, at cost:
Property, plant and equipment	98,415,000	98,454,000
Less accumulated depreciation, depletion and impairment	(65,841,000)	(65,724,000)
Net property, plant and equipment	32,574,000	32,730,000
Restricted cash	3,941,000	3,941,000
Total Assets	42,546,000	43,104,000
Current Liabilities:
Accounts payable	799,000	796,000
Accrued liabilities	1,863,000	1,680,000
Current portion of asset retirement obligations	144,000	196,000
Total Current Liabilities	2,806,000	2,672,000
Asset retirement obligations, net of current portion	4,189,000	4,000,000
Convertible loan, net of discount - related party	5,244,000	4,345,000
Other long-term liabilities and deferred credits	950,000	950,000
Total Liabilities	$ 13,189,000	$ 11,967,000
Commitments and Contingencies
Stockholders' Equity:
Common stock, 200,000,000 shares authorized, $.001 par value; Issued shares - 29,940,431 and 25,288,113, respectively Outstanding shares - 29,844,113 and 25,192,669, respectively	$ 30,000	$ 25,000
Paid-in capital	240,052,000	233,524,000
Accumulated deficit	(210,467,000)	(202,154,000)
Less: Treasury stock (95,444 and 95,444 shares, respectively), at cost	(258,000)	(258,000)
Total Stockholders' Equity	29,357,000	31,137,000
Total Liabilities and Stockholders' Equity	$ 42,546,000	$ 43,104,000

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, shares authorized	200,000,000	200,000,000
Common stock par value	$ 0.001	$ 0.001
Common stock, shares issued	29,940,431	25,288,113
Common stock, shares outstanding	29,844,113	25,192,669
Treasury stock, shares	95,444	95,444

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Operating Expenses:
Mineral property expenses	$ (1,292,000)	$ (1,062,000)	$ (2,101,000)	$ (1,942,000)
General and administrative	(2,406,000)	(2,157,000)	(4,501,000)	(4,799,000)
Accretion of asset retirement obligations	(113,000)	(22,000)	(225,000)	(102,000)
Depreciation and amortization	(84,000)	(77,000)	(169,000)	(178,000)
Total operating expenses	$ (3,895,000)	(3,318,000)	$ (6,996,000)	(7,021,000)
Non-Operating Income/(Expenses):
Gain on derivatives		805,000		1,460,000
Interest expense	$ (655,000)	(624,000)	$ (1,330,000)	(1,038,000)
Other income/(expense), net	(2,000)	9,000	13,000	10,000
Total other income/(expense)	(657,000)	190,000	(1,317,000)	432,000
Net Loss	$ (4,552,000)	$ (3,128,000)	$ (8,313,000)	$ (6,589,000)
BASIC AND DILUTED LOSS PER SHARE	$ (0.15)	$ (0.13)	$ (0.29)	$ (0.28)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	29,793,915	24,619,266	28,183,619	23,495,157

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows and Supplemental Cash Flow Information (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating Activities:
Net loss	$ (8,313,000)	$ (6,589,000)
Reconciliation of net loss to cash used in operations:
Accretion of asset retirement obligations	225,000	102,000
Amortization of debt discount	899,000	598,000
Amortization of convertible loan establishment fee	$ 50,000	50,000
Change in fair value of derivative liability		(1,460,000)
Decrease in restoration and reclamation accrual	$ (88,000)	(147,000)
Depreciation and amortization	169,000	178,000
Stock compensation expense	625,000	$ 463,000
Gain on disposal of fixed assets	$ (18,000)
Other non-cash items		$ 24,000
Effect of changes in operating working capital items:
(Increase)/decrease in receivables	$ (2,000)	19,000
(Increase)/ decrease in prepaid and other current assets	50,000	(50,000)
Increase in payables, accrued liabilities and deferred credits	568,000	30,000
Net Cash Used In Operating Activities	(5,835,000)	$ (6,782,000)
Cash Flows From Investing Activities:
Increases in notes receivable	(780,000)
Purchases of equipment	(12,000)	$ (4,000)
Proceeds from disposal of property, plant and equipment	18,000
Net Cash Used In Investing Activities	$ (774,000)	$ (4,000)
Cash Flows From Financing Activities:
Proceeds from convertible loan		5,000,000
Payments on borrowings	$ (4,000)	(6,000)
Issuance of common stock, net	5,654,000	11,183,000
Payment of minimum withholding taxes on net share settlements of equity awards	(126,000)	(87,000)
Net cash Provided By Financing Activities	5,524,000	16,090,000
Net increase/(decrease) in cash and cash equivalents	(1,085,000)	9,304,000
Cash and cash equivalents, beginning of period	5,570,000	1,117,000
Cash and Cash Equivalents, End of Period	$ 4,485,000	10,421,000
Cash Paid During the Period for:
Interest		6,000
Supplemental Non-Cash Information With Respect to Investing and Financing Activities:
Common stock issued for payment of convertible loan fees and interest	$ 380,000	501,000
Common stock issued under stock-based compensation plans	283,000	192,000
Total Non-Cash Investing and Financing Activities for the Period	$ 663,000	$ 693,000

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Common Stock [Member]	Paid-In Capital [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2014	$ 25	$ 233,524	$ (202,154)	$ (258)	$ 31,137
Balance shares at Dec. 31, 2014	25,192,669
Net loss			(8,313)		(8,313)
Common stock issued, net of issuance costs	$ 5	5,649			5,654
Common stock issued, net of issuance costs, shares	4,160,500
Common stock issued for loan interest and fees		380			380
Common stock issued for loan interest and fees, shares	239,375
Stock compensation expense and related share issuances, net of shares withheld for the payment of taxes		625			625
Stock compensation expense and related share issuances, net of shares withheld for the payment of taxes, shares	251,569
Minimum withholding taxes on net share settlements of equity awards		(126)			(126)
Balance at Jun. 30, 2015	$ 30	$ 240,052	$ (210,467)	$ (258)	$ 29,357
Balance shares at Jun. 30, 2015	29,844,113

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 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.

Liquidity

Liquidity	6 Months Ended
	Jun. 30, 2015
Cash and Cash Equivalents [Abstract]
Liquidity	2. LIQUIDITY At June 30, 2015, our cash balance was $4,485,323 as compared with $5,570,375 as of December 31, 2014, which represents a decrease of $1,085,052. The Company expects that its existing cash balances will provide it the necessary liquidity to fund its current operations through the end of 2015. Included in the analysis of the Company’s ability to maintain sufficient liquidity through year end is the receipt of $2,500,000 for the disposal of our remaining Roca Honda project assets as well as the remaining anticipated costs associated with the proposed Merger (defined below) with Anatolia Energy Limited (“Anatolia”) (both transactions discussed below). Following completion of the Merger, the Company will likely need to raise additional funding in the fourth quarter. The Company also continues to look for ways to reduce its monthly cash expenditures at its current operations while exploring opportunities to raise additional funds or further monetize its non-core assets, as needed. On June 3, 2015, the Company entered into a binding Scheme Implementation Agreement (the “Transaction Agreement”) to acquire all of the issued and outstanding securities in Anatolia through the issuance of new securities in the Company by way of court-sanctioned schemes of arrangement under the Australian Corporations Act 2001 (the “Merger”). Eligible Anatolia shareholders will be offered 0.06579 shares of the Company’s common stock for every one share of Anatolia they own. Upon completion of the Merger, Anatolia shareholders are expected to own approximately 41% of the merged company, and current stockholders of the Company are expected to own approximately 59%. In conjunction with the proposed Merger, on June 22, 2015, the Company executed a secured loan agreement (the “Anatolia Loan”) whereby the Company will provide up to AUD2,000,000 (approximately $1,600,000) to Anatolia. On June 24, 2015, the Company transferred AUD1,000,000 ($779,700) to Anatolia in the first of two tranches available under the Loan. On June 28, 2015 the Company executed a definitive agreement to sell its remaining Roca Honda project assets to Energy Fuels Inc. for $2,500,000 in cash, $375,000 in Energy Fuels Inc’s NYSE MKT-listed shares (amounting to 76,455 UUUU shares) plus other non-cash consideration. The transaction with Energy Fuels Inc. closed on July 31, 2015. The Company ceased uranium production activities in 2009 due to sustained low uranium prices and does not anticipate receiving significant sales revenue and related cash inflows for 2015. Since ceasing production, the Company has primarily financed its operations through equity and debt financings. The Company has been successful at raising capital in the past, most recently with the completion of a registered direct offering on March 6, 2015 for net proceeds of $5,377,350. In addition, the Company was able to successfully raise capital in 2013 and 2014 through debt and equity fundraising efforts. Specifically, the completion of a registered direct offering in February 2014 for net proceeds of $9,307,245 as well as procuring a convertible secured debt facility in November 2013 that provided the Company with $8,000,000 in cash, which debt matures in December 2016. The Company also has an existing ATM Sales Agreement that allows the Company to sell from time-to-time, shares of its common stock in at-the-market offerings having an aggregate offering amount up to $15,000,000 of which the Company has approximately $6,000,000 available for future sales as of August 14, 2015. The Company will continue to explore further opportunities to monetize its non-core assets. While the Company has been successful in the past raising funds through equity and debt financings and the sale of non-core assets, no assurance can be given that additional financing will be available to us in amounts sufficient to meet our needs, including upon the maturity of our outstanding debt, or on terms acceptable to us. In the event funds are not available, we may be required to change our planned business strategies in order to avoid default under our secured debt facility.

Notes Receivable

Notes Receivable	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Notes Receivable	3. NOTES RECEIVABLE On June 22, 2015, the Company executed the Anatolia Loan whereby the Company will provide up to AUD2,000,000 (approximately $1,600,000) to Anatolia. On June 24, 2015, the Company transferred AUD1,000,000 ($779,700) to Anatolia in the first of two tranches under the Loan. The Loan will mature on December 31, 2015 and carries a 12% annual interest rate. It is convertible into shares of Anatolia, at the Company’s sole discretion, at a price of AUD0.08 per share if there is a change of control of Anatolia or if the stockholders of Anatolia vote against the Merger, or if the Merger does not otherwise close by December 30, 2015. Interest will be payable in the form of shares of Anatolia, with such amount of shares determined based upon the volume weighted average price (“VWAP”) of Anatolia’s common stock for the 20 trading days preceding the date interest becomes payable, or in cash at the election of the Company. Should the Merger be terminated, the Anatolia Loan will become repayable within four months of that termination date, however it would become repayable immediately in the event of a change of control of Anatolia. Anatolia can repay the Anatolia Loan at any time, but during the conversion period, the Company can require funds be re-advanced and converted. Should the Anatolia Loan be converted into shares of Anatolia, the Company would hold up to an approximate 7.5% interest in Anatolia. The Anatolia Loan is secured against 35% of the shares held in Anatolia Uranium Pty Ltd, a subsidiary of Anatolia, and 100% owner of the Turkish operating subsidiary, Adur Madencilik STi Ltd.

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	4. PROPERTY, PLANT AND EQUIPMENT June 30, 2015 December 31, 2014 Net book value Net book value (thousands of dollars) Uranium plant $ 8,867 $ 8,921 Mineral rights and properties 22,063 22,063 Vehicles 225 264 Other property, plant and equipment 1,419 1,482 Total $ 32,574 $ 32,730

Debt

Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Debt	5. DEBT On November 13, 2013, the Company entered into a loan agreement (the “RCF Loan”) with Resource Capital Fund V L.P. (“RCF”), whereby RCF agreed, subject to the terms and conditions set forth in the RCF Loan, to provide a secured convertible loan facility of up to $15,000,000 to the Company, which was subsequently amended on April 29, 2014 to reduce the amount available thereunder from $15,000,000 to $8,000,000, which has been fully drawn. Amounts drawn under the RCF Loan 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 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 $198,620 related to the three-month period ended December 31, 2014 and 136,463 shares of common stock on April 1, 2015 for settlement of interest expense of $181,496 related to the three-month period ended March 31, 2015. As of June 30, 2015, interest expense of $200,000 relating to the three-month period ended June 30, 2015 was included in accrued liabilities on the Company’s Consolidated Balance Sheets. The Company subsequently issued 169,909 shares of common stock on July 2, 2015 for settlement of this interest expense. The following table represents the key components of the RCF Loan: June 30, December 31, 2015 2014 (thousands of dollars) Debt principal $ 8,000 $ 8,000 Unamortized discount (2,756) (3,655) Carrying value of convertible loan, end of period $ 5,244 $ 4,345 For the three- and six-month periods ended June 30, 2015, the Company recorded amortization of the debt discount of $449,978 and $898,561, respectively, which has been included in interest expense in the Company’s Condensed Consolidated Statements of Operations. RCF may convert amounts drawn under the RCF Loan 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 August 14, 2015, RCF owned 7,229,152 shares or 24.1% of the Company’s outstanding common stock. If RCF were to convert the entire $8,000,000 outstanding under the RCF Loan, RCF would receive 3,076,923 shares of the Company’s common stock, and RCF’s ownership percentage in the Company would increase to 31.1%.

Minerals Property Expenditures

Minerals Property Expenditures	6 Months Ended
	Jun. 30, 2015
Minerals Property Expenditures
Minerals Property Expenditures	6. MINERAL PROPERTY EXPENDITURES Mineral property expenditures for the three and six months ended June 30, 2015 and 2014 For the three months ending June 30, For the six months ending June 30, 2015 2014 2015 2014 ( thousands of dollars Restoration/Recovery expenses Kingsville Dome Project $ - $ 81 $ - $ 329 Rosita Project 34 - 43 - Vasquez Project - - - 27 Total restoration/recovery expenses 34 81 43 356 Standby care and maintenance expenses Kingsville Dome Project 152 157 280 292 Rosita Project 94 76 188 237 Vasquez Project 119 80 208 153 Total standby care and maintenance expenses 365 313 676 682 Exploration and evaluation costs 186 - 406 - Land maintenance and holding costs 707 668 976 904 Total mineral property expenses $ 1,292 $ 1,062 $ 2,101 $ 1,942

Asset Retirement Obligations

Asset Retirement Obligations	6 Months Ended
	Jun. 30, 2015
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	7. ASSET RETIREMENT OBLIGATIONS The following table summarizes the changes in the reserve for future restoration and reclamation costs on the balance sheet: June 30, 2015 December 31, 2014 ( thousands of dollars Balance, beginning of period $ 4,196 $ 3,834 Additions, changes in estimates and other - 136 Liabilities settled (88 ) (199 ) Accretion expense 225 425 Balance, end of period 4,333 4,196 Less: Current portion (144 ) (196 ) Non-current Portion $ 4,189 $ 4,000 The Company is currently performing plugging and abandonment activities at its Rosita project. The Company’s current liability of $144,063 consists of the estimated costs associated with current plugging and abandonment activities and planned surface reclamation activities through June 2016 at the Company’s Rosita project.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Common Stock	8. 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 $6,000,000. Net proceeds to the Company, after deducting agent’s fees and offering expenses were $5,377,350. 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 five years beginning on the six-month anniversary of the original issuance. 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 $15,000,000 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 $4,100,000. 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 six months ended June 30, 2015 the Company sold 160,500 shares of common stock for net proceeds of $276,270 under the ATM Sales Agreement. As of August 14, 2015, approximately $6,000,000 of the aggregate $15,000,000 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 RCF Loan. During the six months ended June 30, 2015, the Company issued 239,375 shares of common stock that had a fair value of $380,116 for the settlement of accrued interest for the three-month periods ended December 31, 2014 and March 31, 2015.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	9. STOCK-BASED COMPENSATION Stock-based compensation awards consist of stock options, restricted stock units (“RSUs”) and restricted stock awards (“RSAs”) 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 June 30, 2015, 503,452 shares were available for future issuances under the 2013 Plan. For the three and six months ending June 30, 2015, the Company recorded stock-based compensation expense of $171,576 and $625,403, respectively. For the three and six months ending June 30, 2014, the Company recorded stock-based compensation expense of $154,877 and $463,274, respectively. Stock-based compensation expense 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 shares of the Company’s common stock. The bonus shares vested immediately and had a fair value of $283,000 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 six-month periods ending June 30, 2015 and 2014: June 30, June 30, 2015 2014 Number of stock options Weighted Average Exercise Price Number of stock options Weighted Average Exercise Price Stock options outstanding at beginning of period 160,748 $ 25.28 309,479 $ 19.75 Expired (2,500) 32.90 (131,250) 11.60 Canceled or forfeited - - (14,000) 31.31 Stock options outstanding at end of period 158,248 $ 25.06 164,229 $ 25.28 Stock options exercisable at end of period 133,665 $ 29.13 113,072 $ 35.20 The following table summarizes stock options outstanding and exercisable by stock option plan at June 30, 2015: Outstanding Stock Options Exercisable Stock Options Stock Option Plan Number of Options Outstanding Weighted Average Exercise Price Number of Options Exercisable Weighted Average Exercise Price 1995 Plan 8,750 $ 31.20 8,750 $ 31.20 2004 Plan 69,500 10.10 51,167 12.74 2004 Directors’ Plan 74,998 39.68 72,498 40.90 2013 Plan 5,000 2.99 1,250 2.99 158,248 $ 25.06 133,665 $ 29.13 Total estimated unrecognized compensation cost from unvested stock options as of June 30, 2015 was $54,159, which is expected to be recognized over a weighted-average period of 1.1 years. Restricted Stock Units Time-based and performance-based 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 the RSUs activity for the six-month periods ended June 30, 2015 and 2014: June 30, June 30, 2015 2014 Number of RSUs Weighted-Average Grant Date Fair Value Number of RSUs Weighted-Average Grant Date Fair Value Unvested RSUs at beginning of period 544,810 $ 2.84 280,000 $ 3.31 Granted - - 431,941 2.61 Forfeited - - (20,000) 2.83 Vested (132,383) 2.84 (59,997) 2.83 Unvested RSUs at end of period 412,427 $ 2.85 631,944 $ 2.89 Total estimated unrecognized compensation cost from unvested RSUs as of June 30, 2015 was $603,815, which is expected to be recognized over a weighted-average period of 1.33 years. Restricted Stock Awards Time-based and performance-based 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 the RSAs activity for the six-month periods ended June 30, 2015 and 2014: June 30, June 30, 2015 2014 Number of RSAs Weighted-Average Grant Date Fair Value Number of RSAs Weighted-Average Grant Date Fair Value Unvested RSAs at beginning of period 26,670 $ 5.21 54,151 $ 5.49 Forfeited - - (5,601) 5.39 Vested (9,030) 8.42 (20,230) 5.58 Unvested RSAs at end of period 17,640 $ 3.57 28,320 $ 5.44 The total estimated unrecognized compensation cost from the unvested RSA grants at June 30, 2015 was $12,804, which is expected to be recognized over the weighted-average vesting period of 0.45 years.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	10. 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 5,847,598 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 June 30, 2015.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	12. SUBSEQUENT EVENTS Butler Ranch Data Purchase On July 7, 2015, the Company acquired an extensive data set containing historical mineral resource estimates as well as over 2,000 drill logs, geologic and other data for the Butler Ranch Project. The data set was prepared by Conoco, the former project operator, and was acquired from a private party for $150,000. Agreement to Sell Roca Honda Assets to Energy Fuels Inc. On July 31, 2015 the Company completed the sale of the Company’s remaining Roca Honda project assets to Energy Fuels Inc. for $2,500,000 in cash, $375,000 in Energy Fuels Inc’s NYSE MKT-listed shares (amounting to 76,455 UUUU shares) plus other non-cash consideration.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	June 30, 2015 December 31, 2014 Net book value Net book value (thousands of dollars) Uranium plant $ 8,867 $ 8,921 Mineral rights and properties 22,063 22,063 Vehicles 225 264 Other property, plant and equipment 1,419 1,482 Total $ 32,574 $ 32,730

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Summary of Convertible Loan	The following table represents the key components of the RCF Loan: June 30, December 31, 2015 2014 (thousands of dollars) Debt principal $ 8,000 $ 8,000 Unamortized discount (2,756) (3,655) Carrying value of convertible loan, end of period $ 5,244 $ 4,345

Minerals Property Expenditures

Minerals Property Expenditures (Tables)	6 Months Ended
	Jun. 30, 2015
Minerals Property Expenditures
Schedule of Minerals Property Expenditures	Mineral property expenditures for the three and six months ended June 30, 2015 and 2014 For the three months ending June 30, For the six months ending June 30, 2015 2014 2015 2014 ( thousands of dollars Restoration/Recovery expenses Kingsville Dome Project $ - $ 81 $ - $ 329 Rosita Project 34 - 43 - Vasquez Project - - - 27 Total restoration/recovery expenses 34 81 43 356 Standby care and maintenance expenses Kingsville Dome Project 152 157 280 292 Rosita Project 94 76 188 237 Vasquez Project 119 80 208 153 Total standby care and maintenance expenses 365 313 676 682 Exploration and evaluation costs 186 - 406 - Land maintenance and holding costs 707 668 976 904 Total mineral property expenses $ 1,292 $ 1,062 $ 2,101 $ 1,942

Assets Retirement Obligations (

Assets Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2015 December 31, 2014 ( thousands of dollars Balance, beginning of period $ 4,196 $ 3,834 Additions, changes in estimates and other - 136 Liabilities settled (88 ) (199 ) Accretion expense 225 425 Balance, end of period 4,333 4,196 Less: Current portion (144 ) (196 ) Non-current Portion $ 4,189 $ 4,000

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 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 six-month periods ending June 30, 2015 and 2014: June 30, June 30, 2015 2014 Number of stock options Weighted Average Exercise Price Number of stock options Weighted Average Exercise Price Stock options outstanding at beginning of period 160,748 $ 25.28 309,479 $ 19.75 Expired (2,500) 32.90 (131,250) 11.60 Canceled or forfeited - - (14,000) 31.31 Stock options outstanding at end of period 158,248 $ 25.06 164,229 $ 25.28 Stock options exercisable at end of period 133,665 $ 29.13 113,072 $ 35.20
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 June 30, 2015: Outstanding Stock Options Exercisable Stock Options Stock Option Plan Number of Options Outstanding Weighted Average Exercise Price Number of Options Exercisable Weighted Average Exercise Price 1995 Plan 8,750 $ 31.20 8,750 $ 31.20 2004 Plan 69,500 10.10 51,167 12.74 2004 Directors’ Plan 74,998 39.68 72,498 40.90 2013 Plan 5,000 2.99 1,250 2.99 158,248 $ 25.06 133,665 $ 29.13
Summary of Status of Non-Vested Restricted Shares	The following table summarizes the RSUs activity for the six-month periods ended June 30, 2015 and 2014: June 30, June 30, 2015 2014 Number of RSUs Weighted-Average Grant Date Fair Value Number of RSUs Weighted-Average Grant Date Fair Value Unvested RSUs at beginning of period 544,810 $ 2.84 280,000 $ 3.31 Granted - - 431,941 2.61 Forfeited - - (20,000) 2.83 Vested (132,383) 2.84 (59,997) 2.83 Unvested RSUs at end of period 412,427 $ 2.85 631,944 $ 2.89
Summary of Restricted Stock Awards	The following table summarizes the RSAs activity for the six-month periods ended June 30, 2015 and 2014: June 30, June 30, 2015 2014 Number of RSAs Weighted-Average Grant Date Fair Value Number of RSAs Weighted-Average Grant Date Fair Value Unvested RSAs at beginning of period 26,670 $ 5.21 54,151 $ 5.49 Forfeited - - (5,601) 5.39 Vested (9,030) 8.42 (20,230) 5.58 Unvested RSAs at end of period 17,640 $ 3.57 28,320 $ 5.44

Liquidity (Details Narrative)

Liquidity (Details Narrative)	Jun. 28, 2015USD ($)shares	Jun. 03, 2015	Mar. 06, 2015USD ($)	Feb. 28, 2014USD ($)	Nov. 30, 2013USD ($)	Jun. 30, 2015USD ($)	Jun. 24, 2015USD ($)	Jun. 24, 2015AUD	Jun. 22, 2015USD ($)	Jun. 22, 2015AUD	Dec. 31, 2014USD ($)
Cash						$ 4,485,323					$ 5,570,375
Increase/(decrease) in cash and cash equivalents						(1,085,052)
Anticipated receipt for disposal of project assets						2,500,000
Equity ownership percentage		59.00%
Secured loan agreement					$ 8,000,000
Net proceeds from direct offering			$ 5,377,350	$ 9,307,245
Debt matures date					Dec. 31, 2016
Aggregate market offering maximum amount						15,000,000
August 14, 2015 [Member]
Anticipated receipt for disposal of project assets						$ 6,000,000
Energy Fuel Inc [Member]
Anticipated receipt for disposal of project assets	$ 2,500,000
Number of share lisited shares in NYSE market, value	$ 375,000
Number of share lisited shares in NYSE market | shares	76,455
Transaction closed date	Jul. 31, 2015
Anatoila Energy Limited [Member]
Business acquisition transaction agreement		Eligible Anatolia Energy Limited shareholders will be offered 0.06579 shares of the Company’s common stock for every one share of Anatolia Energy Limited they own. Upon completion of the Merger, Anatolia Energy Limited shareholders are expected to own approximately 41% of the merged company, and current stockholders of the Company are expected to own approximately 59%.
Equity ownership percentage		41.00%
Anatoila Energy Limited [Member] | Secured Loan Agreement [Member]
Secured loan agreement							$ 779,700		$ 1,600,000
Debt matures date						Dec. 31, 2015
Anatoila Energy Limited [Member] | Secured Loan Agreement [Member] | AUD [Member]
Secured loan agreement | AUD								AUD 1,000,000		AUD 2,000,000

Notes Receivable (Details Narra

Notes Receivable (Details Narrative)	1 Months Ended	6 Months Ended
	Nov. 30, 2013USD ($)	Jun. 30, 2015$ / shares	Jun. 24, 2015USD ($)	Jun. 24, 2015AUD	Jun. 22, 2015USD ($)	Jun. 22, 2015AUD
Secured loan agreement	$ 8,000,000
Debt matures date	Dec. 31, 2016
Anatoila Energy Limited [Member] | Secured Loan Agreement [Member]
Secured loan agreement			$ 779,700		$ 1,600,000
Debt matures date		Dec. 31, 2015
Percentage of carries annual interest rate		12.00%
Percentage of equity interest to be held for conversion of loan		7.50%
Anatoila Energy Limited [Member] | Secured Loan Agreement [Member] | AUD [Member]
Secured loan agreement | AUD				AUD 1,000,000		AUD 2,000,000
Debt converitble per share value | $ / shares		$ 0.08
Anatolia Uranium Pty Limited [Member] | Secured Loan Agreement [Member]
Percentage of secured loan against shares of subsidiary		35.00%
Adur Madencilik STi Ltd. [Member]
Percentage of ownership		100.00%

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Net property, plant and equipment	$ 32,574	$ 32,730
Uranium Plant [Member]
Net property, plant and equipment	8,867	8,921
Mineral Rights and Properties [Member]
Net property, plant and equipment	22,063	22,063
Vehicles [Member]
Net property, plant and equipment	225	264
Other Property Plant and Equipment [Member]
Net property, plant and equipment	$ 1,419	$ 1,482

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	Jan. 05, 2015	Apr. 29, 2014	Apr. 02, 2015	Nov. 30, 2013	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Nov. 13, 2013
Line of Credit Facility [Line Items]
Debt maturity date				Dec. 31, 2016
Interest expense					$ 655,000			$ 624,000	$ 1,330,000	$ 1,038,000
Amortization of debt discount					$ 449,978				$ 899,000	$ 598,000
Common stock, shares outstanding					29,844,113		25,192,669		29,844,113
Loan Agreement [Member] | Resource Capital Fund V LP [Member]
Line of Credit Facility [Line Items]
Interest expense					$ 200,000
Debt conversation price per shares					$ 2.60				$ 2.60
Loan Agreement [Member] | Resource Capital Fund V LP [Member] | July 2, 2015 [Member]
Line of Credit Facility [Line Items]
Issuance of common stock for settlement of interest expenses, shares									169,909
Resource Capital Fund V LP [Member] | August 14, 2015 [Member]
Line of Credit Facility [Line Items]
Debt maturity date									Dec. 31, 2016
Common stock, shares outstanding					7,229,152				7,229,152
Percentage of outstanding common stock					24.10%				24.10%
Debt conversation amount									$ 8,000,000
Issuance of common stock, shares									3,076,923
Resource Capital Fund V LP [Member] | Loan Agreement [Member]
Line of Credit Facility [Line Items]
Debt maturity date									Dec. 31, 2016
Debt interest rate					10.00%				10.00%
Issuance of common stock for settlement of interest expenses, shares	102,912		136,463						239,375
Interest expense						$ 181,496	$ 198,620
Resource Capital Fund V LP [Member] | Maximum [Member] | August 14, 2015 [Member]
Line of Credit Facility [Line Items]
Percentage of outstanding common stock					31.10%				31.10%
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity											$ 15,000,000
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		$ 15,000,000
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		$ 8,000,000

Debt - Summary of Convertible L

Debt - Summary of Convertible Loan (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Debt principal	$ 8,000	$ 8,000
Unamortized discount	(2,756)	(3,655)
Carrying value of convertible loan, end of period	$ 5,244	$ 4,345

Minerals Property Expenditure29

Minerals Property Expenditures - Schedule of Minerals Property Expenditures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Total restoration/recovery expenses	$ 34	$ 81	$ 43	$ 356
Total standby care and maintenance expenses	365	$ 313	676	$ 682
Exploration and evaluation costs	186		406
Land maintenance and holding costs	707	$ 668	976	$ 904
Total Mineral property expenses	$ 1,292	1,062	$ 2,101	1,942
Kingsville Dome Project [Member]
Total restoration/recovery expenses		81		329
Total standby care and maintenance expenses	$ 152	$ 157	$ 280	$ 292
Rosita Project [Member]
Total restoration/recovery expenses	34		43
Total standby care and maintenance expenses	$ 94	$ 76	$ 188	$ 237
Vasquez Project [Member]
Total restoration/recovery expenses				27
Total standby care and maintenance expenses	$ 119	$ 80	$ 208	$ 153

Asset Retirement Obligations (D

Asset Retirement Obligations (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation current	$ 144	$ 196

Asset Retirement Obligations -

Asset Retirement Obligations - Summary of Asset Retirement Obligation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 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			$ (88)		(199)
Accretion expense	$ 113	$ 22	225	$ 102	425
Balance, end of period	4,333		4,333		4,196
Less: Current portion	(144)		(144)		(196)
Non-current Portion	$ 4,189		$ 4,189		$ 4,000

Common Stock (Details Narrative

Common Stock (Details Narrative) - USD ($)	Mar. 06, 2015	Jan. 05, 2015	Jul. 02, 2014	Oct. 31, 2011	Apr. 02, 2015	Feb. 28, 2014	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Proceeds from direct offering	$ 5,377,350					$ 9,307,245
Securities Purchase Agreement [Member]
Proceeds from direct offering	6,000,000
Proceeds from agent's fees and offering expenses	$ 5,377,350
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	5 years
Loan Agreement [Member] | Resource Capital Fund V LP [Member]
Issuance of common stock for settlement of interest expenses, shares		102,912			136,463				239,375
Issuance of common stock for settlement of interest expenses								$ 380,116
Secured Loan Agreement [Member] | Anatolia Uranium Pty Limited [Member]
Issuance of common stock for settlement of interest expenses							$ 380,116
BTIG, LLC [Member] | ATM Sales Agreement [Member]
Proceeds from direct offering			$ 4,100,000	$ 15,000,000
Sale of common stock, units									160,500
Percentage of commission to be paid on gross proceeds				3.00%
Proceeds from sales of common stock									$ 276,270
BTIG, LLC [Member] | ATM Sales Agreement [Member] | August 14, 2015 [Member]
Proceeds from sales of common stock									6,000,000
Proceeds from future sale of equity									$ 15,000,000

Stock Based Compensation (Detai

Stock Based Compensation (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 171,576	$ 154,877	$ 625,403	$ 463,274
Short-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Bonus shares vested grant date fair value	$ 283,000
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost from unvested stock options		54,159		$ 54,159
Weighted average period of unvested stock options				1 year 1 month 6 days
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost from unvested stock options		603,815		$ 603,815
Weighted average period of unvested stock options				1 year 3 months 29 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost from unvested stock options		$ 12,804		$ 12,804
Weighted average period of unvested stock options				5 months 12 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		503,452

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Stock Options Outstanding (Details) - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 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)	(131,250)
Number of stock options outanding, Canceled or forfeited		(14,000)
Number of stock options outanding, End of period	158,248	164,229
Number of stock options outanding, Exercisable	133,665	113,072
Weighted average exercise price, Beginning of period	$ 25.28	$ 19.75
Weighted average exercise price, Expired	$ 32.90	11.60
Weighted average exercise price, Canceled or forfeited		31.31
Weighted average exercise price, End of period	$ 25.06	25.28
Weighted average exercise price, Exercisable	$ 29.13	$ 35.20

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Options Outstanding and Exercisable by Stock Option Plan (Details) - $ / shares	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Outstanding Stock Options, Number of Options Outstanding	158,248	160,748	164,229	309,479
Outstanding Stock Options, Weighted Average Exercise Price	$ 25.06	$ 25.28	$ 25.28	$ 19.75
Exercisable Stock Options Exercisable, Number of Options Exercisable	133,665		113,072
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 29.13		$ 35.20
1995 Stock Option Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	8,750
Outstanding Stock Options, Weighted Average Exercise Price	$ 31.20
Exercisable Stock Options Exercisable, Number of Options Exercisable	8,750
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 31.20
2004 Stock Option Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	69,500
Outstanding Stock Options, Weighted Average Exercise Price	$ 10.10
Exercisable Stock Options Exercisable, Number of Options Exercisable	51,167
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 12.74
2004 Director's Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	74,998
Outstanding Stock Options, Weighted Average Exercise Price	$ 39.68
Exercisable Stock Options Exercisable, Number of Options Exercisable	72,498
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 40.90
2013 Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	5,000
Outstanding Stock Options, Weighted Average Exercise Price	$ 2.99
Exercisable Stock Options Exercisable, Number of Options Exercisable	1,250
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 2.99

Stock Based Compensation - Su36

Stock Based Compensation - Summary of Status of Non-Vested Restricted Shares (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Number of restricted stock, Unvested Beginning of period	544,810	280,000
Number of restricted stock, Granted		431,941
Number of restricted stock, Forfeited		(20,000)
Number of restricted stock, Vested	(132,383)	(59,997)
Number of restricted stock, Unvested End of period	412,427	631,944
Weighted Average Grant Date Fair Value, Unvested Beginning of period	$ 2.84	$ 3.31
Weighted Average Grant Date Fair Value, Granted		2.61
Weighted Average Grant Date Fair Value, Forfeited		2.83
Weighted Average Grant Date Fair Value, Vested	$ 2.84	2.83
Weighted Average Grant Date Fair Value, Unvested End of period	$ 2.85	$ 2.89

Stock Based Compensation - Su37

Stock Based Compensation - Summary of Restricted Stock Awards (Details) - Restricted Stock Awards [Member] - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Number of restricted stock, Unvested Beginning of period	26,670	54,151
Number of restricted stock, Forfeited		(5,601)
Number of restricted stock, Vested	(9,030)	(20,230)
Number of restricted stock, Unvested End of period	17,640	28,320
Weighted Average Grant Date Fair Value, Unvested Beginning of period	$ 5.21	$ 5.49
Weighted Average Grant Date Fair Value, Forfeited		5.39
Weighted Average Grant Date Fair Value, Vested	$ 8.42	5.58
Weighted Average Grant Date Fair Value, Unvested End of period	$ 3.57	$ 5.44

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative)	6 Months Ended
	Jun. 30, 2015shares
Earnings Per Share [Abstract]
Potentially dilutive shares were excluded from the calculation of earnings per share	5,847,598

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Jul. 31, 2015USD ($)shares	Jul. 07, 2015USD ($)DrillLog	Jun. 28, 2015USD ($)shares
Energy Fuel Inc [Member]
Number of share lisited shares in NYSE market, value			$ 375,000
Number of share lisited shares in NYSE market | shares			76,455
Subsequent Event [Member] | Energy Fuel Inc [Member]
Project assets sold under agreements	$ 2,500,000
Number of share lisited shares in NYSE market, value	$ 375,000
Number of share lisited shares in NYSE market | shares	76,455
Subsequent Event [Member] | Bulter Ranch Data Purchase [Member]
Number of drill logs as per the data set | DrillLog		2,000
Data set acquired from private party		$ 150,000