Westwater Resources (WWR) 10-Q 8 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 08, 2018
Document And Entity Information
Entity Registrant Name	WESTWATER RESOURCES, INC.
Entity Central Index Key	839,470
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		51,996,466
Trading Symbol	WWR
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 2,715	$ 4,054
Marketable securities	579	1,361
Notes receivable - current	1,500	1,750
Prepaid and other current assets	611	668
Total Current Assets	5,405	7,833
Property, plant and equipment, at cost:
Property, plant and equipment	92,014	101,187
Less accumulated depreciation, depletion and impairment	(65,668)	(65,778)
Net property, plant and equipment	26,346	35,409
Restricted cash	3,668	3,668
Notes receivable - non-current	1,242	3,328
Total Assets	36,661	50,238
Current Liabilities:
Accounts payable	1,017	538
Accrued liabilities	1,642	2,352
Current portion of asset retirement obligations	526	1,078
Total Current Liabilities	3,185	3,968
Asset retirement obligations, net of current portion	5,118	4,653
Other long-term liabilities and deferred credits	500	500
Total Liabilities	8,803	9,121
Commitments and Contingencies
Stockholders' Equity:
Common stock, 100,000,000 shares authorized, $.001 par value; Issued shares - 47,170,957 and 27,790,324, respectively Outstanding shares - 47,162,932 and 27,782,299, respectively	47	28
Paid-in capital	308,811	297,250
Accumulated other comprehensive (loss) income	(676)	287
Accumulated deficit	(280,066)	(256,190)
Treasury stock (8,025 and 8,025 shares, respectively), at cost	(258)	(258)
Total Stockholders' Equity	27,858	41,117
Total Liabilities and Stockholders' Equity	$ 36,661	$ 50,238

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, shares authorized	100,000,000	100,000,000
Common stock par value	$ 0.001	$ 0.001
Common stock, shares issued	47,170,957	27,790,324
Common stock, shares outstanding	47,162,932	27,782,299
Treasury stock, shares	8,025	8,025

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Operating Expenses:
Mineral property expenses	$ (969)	$ (1,552)	$ (1,751)	$ (2,321)
General and administrative expenses	(2,054)	(1,608)	(3,859)	(3,276)
Acquisition costs	422		(333)
Accretion of asset retirement obligations	(134)	(131)	(268)	(263)
Depreciation and amortization	(33)	(39)	(67)	(77)
Impairment of uranium properties	(17,968)		(17,968)
Total operating expenses	(20,736)	(3,330)	(24,246)	(5,937)
Non-Operating Income/(Expenses):
Loss on sale of marketable securities			(93)
Loss on extinguishment of convertible debt				(39)
Gain on sale of fixed assets	8		8
Gain on disposal of uranium properties		506		4,927
Interest income	172	186	346	238
Other income/(expense), net	99	(1)	109	16
Total other income	279	691	370	5,142
Net Loss	(20,457)	(2,639)	(23,876)	(795)
Other Comprehensive Loss
Unrealized fair value decrease on marketable securities	(26)	(591)	(1,056)	(161)
Transfer to realized loss upon sale of available-for sale securities			93
Comprehensive Loss	$ (20,483)	$ (3,230)	$ (24,839)	$ (956)
BASIC AND DILUTED LOSS PER SHARE	$ (0.51)	$ (0.11)	$ (.70)	$ (0.03)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	39,909,993	24,614,723	33,971,907	23,116,608

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows and Supplemental Cash Flow Information (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating Activities:
Net loss	$ (23,876)	$ (795)
Reconciliation of net loss to cash used in operations:
Accretion of asset retirement obligations	268	263
Amortization of debt discount		30
Amortization of notes receivable discount	(337)	(363)
Amortization of non-cash investor relations fees	13	100
Loss on extinguishment of convertible debt		39
Loss on sale of marketable securities	93
Costs incurred for restoration and reclamation activities	(355)	(30)
Depreciation and amortization	67	77
Stock compensation expense	162	38
Common stock issued for purchase of lithium mineral interests	114
Common stock issued for consulting services	95
Gain on disposal of fixed assets	(8)	(4,927)
Impairment of uranium properties	17,968
Effect of changes in operating working capital items:
Increase in receivables and other	(6)	(5)
Decrease in prepaids and other	202	73
Decrease in payables and deferred credits	(490)	(834)
Net Cash Used In Operating Activities	(6,090)	(6,334)
Cash Flows From Investing Activities:
Proceeds from the sale of securities, net	476
Proceeds from disposal of property, plant and equipment	8	1,950
Proceeds from note receivable	1,089
Acquisition of Alabama Graphite, net of cash acquired	(1,547)
Net Cash Provided By Investing Activities	26	1,950
Cash Flows From Financing Activities:
Payments on borrowings		(5,500)
Issuance of common stock, net	4,730	13,705
Payment of minimum withholding taxes on net share settlements of equity awards	(5)	(1)
Net Cash Provided By Financing Activities	4,725	8,204
Net (decrease)/increase in cash, cash equivalents and restricted cash	(1,339)	3,820
Cash, cash equivalents and restricted cash, beginning of period	7,722	7,273
Cash, Cash Equivalents and Restricted Cash, End of Period	6,383	11,093
Cash paid during the period for:
Interest	3	227
Supplemental Non-Cash Information for Investing and Financing Activities:
Securities received for payment of notes receivable - Laramide	750
Securities received for asset disposal - Laramide		568
Common stock issued for acquisition of Alabama Graphite	6,394
Stock options and warrants issued for acquisition of Alabama Graphite	89
Common stock issued for consulting services	95
Common stock issued for purchase of lithium mineral interests	114
Total Non-Cash Investing and Financing Activities for the Period	$ 7,442	$ 568

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - 6 months ended Jun. 30, 2018 - USD ($) $ in Thousands	Common Stock [Member]	Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2017	$ 28	$ 297,250	$ 287	$ (256,190)	$ (258)	$ 41,117
Balance, shares at Dec. 31, 2017	27,790,324
Net loss				(23,876)		(23,876)
Common stock issued, net of issuance costs	$ 7	3,083				3,090
Common stock issued, net of issuance costs, shares	7,361,765
Prepaid warrant proceeds for common stock		1,640				1,640
Common stock, warrants and options issued for acquisition of Alabama Graphite	$ 12	6,472				6,484
Common stock, warrants and options issued for acquisition of Alabama Graphite, shares	11,625,210
Common stock issued for consulting services		95				95
Common stock issued for consulting services, shares	172,727
Common stock issued for purchase of lithium mineral interests		114				114
Common stock issued for purchase of lithium mineral interests, shares	200,000
Stock compensation expense and related share issuances, net of shares withheld for payment of taxes		162				162
Stock compensation expense and related share issuances, net of shares withheld for payment of taxes, shares	20,931
Minimum withholding taxes on net share settlements of equity awards		(5)				(5)
Unrealized holding loss on marketable securities			(1,056)			(1,056)
Transfer to realized loss upon sale of available for sale securities			93			93
Balance at Jun. 30, 2018	$ 47	$ 308,811	$ (676)	$ (280,066)	$ (258)	$ 27,858
Balance, shares at Jun. 30, 2018	47,170,957

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements for Westwater Resources, Inc. (the “Company,” “we,” “us,” “WWR” or “Westwater”), formerly known as Uranium Resources, Inc., have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) 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 U.S. GAAP for complete financial statements. The accompanying statements should be read in conjunction with the audited financial statements included in Westwater Resources, Inc.’s 2017 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, 2018 are not necessarily indicative of the results that may be expected for any other period including the full year ending December 31, 2018. Recently Adopted Accounting Pronouncements In November 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows: Restricted Cash, which will require that a statement of cash flows explain the change during a period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The ASU applies to all entities and is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years beginning after December 15, 2019, with early adoption permitted. Upon adopting ASU 2016-18, the Company has included the restricted cash amount in its beginning-of-period and end-of-period reconciliations of cash on its statement of cash flows and has removed restricted cash releases of $23,000 from the investing activities section of the cash flow statement for the six months ended June 30, 2018. In January 2017, the FASB issued Accounting Standards Update No. 2017-01 (ASU 2017-01), Business Combinations: Clarifying the Definition of a Business, which clarifies the definition of a business when determining whether a company has acquired or sold a business. The ASU applies to all entities and is effective for annual periods ending after December 15, 2017, and interim periods thereafter, with early adoption permitted under certain circumstances. The Company utilized the updated “Definition of a Business” in ASC 805 for the Alabama Graphite acquisition and determined that the transaction should be recorded as an asset acquisition under ASC 360. Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash as reported within the consolidated balance sheet that sum to the total of the same such amounts shown in the statement of cash flows. As of June 30, (thousands of dollars) 2018 2017 Cash and cash equivalents $ 2,715 $ 7,152 Restricted cash - pledged deposits for performance bonds 3,668 3,941 Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 6,383 $ 11,093 Funds deposited by the Company for collateralization of performance obligations are not available for the payment of general corporate obligations and are not included in cash equivalents. Restricted cash consists of pledged certificates of deposit and money market accounts. The bonds are collateralized performance bonds required for future restoration and reclamation obligations related to the Company’s South Texas production properties. Notes Receivable These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Assets with lives beyond one year are carried at amortized cost using the effective interest method less any provision for impairment. Assets with lives under a year are undiscounted and carried at full cost. Management monitors these assets for credit quality and recoverability on a quarterly basis, including the value of any collateral. If the value of the collateral, less selling or recovery costs, exceeds the recorded investment in the asset, no impairment costs would be recorded.

Liquidity

Liquidity	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity	2. LIQUIDITY At June 30, 2018, the Company had working capital of $2.2 million, an ATM Offering with $8.0 million remaining, of which $7.8 million was currently registered for sale and a non-current note receivable from Laramide for $2.0 million. These sources along with other anticipated financings is expected to provide it with the necessary liquidity through September 30, 2019. At December 31, 2017, the Company had working capital of $3.9 million. The decrease in working capital of $1.7 million for the six months ended June 30, 2018 was primarily due to the following: • loan advances to Alabama Graphite to fund their pre-acquisition operating costs of $0.9 million. • a decrease of $1.0 million in the fair value of Laramide Resources Ltd. (“Laramide”) securities as of June 30, 2018. During 2018 and 2017, the Company entered into the following financing agreements and anticipates funding from these sources to sustain operations through September 30, 2019: • Registered Direct Offering On June 14, 2018, the Company completed a registered direct offering of securities with Aspire Capital Fund, LLC (“Aspire Capital”) for net proceeds of $2.9 million. The securities consisted of 3,717,773 shares of common stock at a price of $0.34 per share for net proceeds of $1.3 million and 4,968,518 pre-funded common stock warrants at a price of $0.33 per warrant for net proceeds of $1.6 million. The exercise price of the warrants is $0.01 per share and the warrants are exercisable at any time and from time to time through June 14, 2021. The Company did not incur underwriting discounts or commissions with this offering. The previous Common Stock Purchase Agreement (“CSPA”) with Aspire Capital dated September 25, 2017 was terminated on June 14, 2018 concurrently with the launch of the registered direct offering. • Controlled Equity Offering Sales Agreement On April 14, 2017, the Company entered into a Controlled Equity Offering Sales Agreement with Cantor Fitzgerald & Co. (“Cantor”) acting as sales agent, pursuant to which the Company has registered the offer and sale from time to time of shares of its common stock having an aggregate offering price of up to $8.0 million (the “ATM Offering”), of which approximately $7.8 million is available for future sales as of August 8, 2018. The Company believes that its current working capital balance, the remaining registered shares of the ATM Offering, the non-current note receivable from Laramide and other anticipated financings will provide it with the necessary liquidity to fund operations through September 30, 2019. The Company will also continue to explore additional opportunities to raise capital, further monetize its non-core assets and identify ways to reduce its cash expenditures. While the Company has been successful in the past raising funds through equity and debt financings as well as through the sale of non-core assets, no assurance can be given that additional financing will be available to it in amounts sufficient to meet the Company’s needs or on terms acceptable to the Company. In the event that funds are not available, the Company may be required to materially change its business plans.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Acquisitions	3. ACQUISITIONS Acquisition of Alabama Graphite On April 23, 2018, the Company completed its acquisition of 100% of the outstanding securities of Alabama Graphite Corp. for total consideration of $8.9 million. Alabama Graphite is a Canadian entity that indirectly holds a 100% interest in the Coosa graphite project located in Alabama. The consideration was comprised of $2.4 million in cash used to fund Alabama Graphite’s operating activities prior to completion of the Alabama Graphite transaction and certain related transaction costs, $6.4 million in common stock of the Company and $89,000 for warrants and options in the Company. Each Alabama Graphite ordinary share was exchanged for 0.08 common share of WWR. Each warrant and option of Alabama Graphite was also exchanged for warrants and options exercisable for common shares of WWR on the same terms and conditions as were applicable prior to the Alabama Graphite transaction, except that the exercise price was converted for the 0.08 share exchange ratio and for the USD exchange rate on the agreement date which was $0.77809 (CAD to USD) on December 13, 2017. As a result, the Company issued 11,625,210 new shares, 364,000 options and 2,144,378 warrants. The value of the Company’s common stock issued as consideration was based upon the opening share price on April 23, 2018 of $0.55. The operating results of Alabama Graphite are included in the Consolidated Statement of Operations commencing April 23, 2018. The Alabama Graphite loan from WWR was $1,795,251 as of April 23, 2018 and was incorporated into the final acquisition accounting and therefore was eliminated as of June 30, 2018. Acquisition related costs were $1.9 million as of June 30, 2018, of which, $0.6 million was capitalized as additional cash consideration at the acquisition date for certain transaction costs that were directly related to the asset acquisition. Additionally, $0.4 million of the above mentioned capitalized costs were previously expensed resulting in an acquisition cost credit of $0.4 million for the three months ending June 30, 2018. The acquisition of Alabama Graphite was accounted for as an asset acquisition in accordance with ASC 360 as “substantially all” of the purchase consideration was concentrated in a single identifiable asset for graphite mineral interests. WWR controls the Board of Directors and senior management positions of Alabama Graphite and has overall control over the day-to-day activities of the acquired entity. The following summarizes the preliminary allocation of purchase price to the fair value of assets acquired and liabilities assumed as of the acquisition date (in thousands): Consideration: Cash $ 2,397 Issuance of 11,625,210 common shares for replacement of Alabama Graphite shares 6,394 Issuance of 364,000 options for replacement of Alabama Graphite options 35 Issuance of 2,144,378 warrants for replacement of Alabama Graphite warrants 54 $ 8,880 The fair value of the consideration given was allocated as follows: Assets: Cash and cash equivalents $ 17 Short-term receivables 113 Prepaid expenses 42 Property, plant, equipment and graphite mineral interests 8,973 Total assets 9,145 Liabilities: Accounts payable and accrued liabilities 265 Total liabilities 265 Net assets $ 8,880 The carrying value of the current assets and liabilities assumed approximated the fair value due to the short-term nature of these items. The fair value of the graphite mineral interests was estimated using a discounted cash flow approach and market comparables. Key assumptions used in the discounted cash flow analysis include discount rates, mineral resources, future timing of production, recovery rates and future capital and operating costs.

Notes Receivable

Notes Receivable	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Notes Receivable	4. NOTES RECEIVABLE Alabama Graphite Corp. Note Receivable In conjunction with its entry into the arrangement agreement to acquire Alabama Graphite, on December 13, 2017, the Company executed a secured convertible loan agreement (the “Alabama Graphite Loan”), whereby the Company agreed to provide a non-revolving convertible loan facility of up to USD $2,000,000 to Alabama Graphite for the purpose of funding operations until the acquisition could be finalized. For six months ended June 30, 2018, advances under the loan were $949,280 and accrued interest was $12,227. As of April 23, 2018, the Company had advanced $1,781,794 on the Alabama Graphite Loan and had accrued interest receivable of $13,457. This represents the total advances prior to the closing of the acquisition. With the completion of the acquisition on April 23, 2018 (as discussed in Note 3), the Alabama Graphite Loan became part of the consideration paid for the acquisition and was incorporated into the purchase price allocation to the assets and liabilities of the acquired company. Due to the inclusion of the loan in the acquisition purchase price, the loan has been classified as a non-current asset at December 31, 2017 and has been eliminated with the acquisition accounting at June 30, 2018. Laramide Note Receivable As part of the consideration for the sale of Hydro Resources, Inc., the Company currently holds a $3.5 million promissory note, secured by a mortgage over the Churchrock and Crownpoint projects. The note has a three-year term and carries an initial interest rate of 5% which then increases to 10% upon Laramide’s decision regarding commercial production at the Churchrock project. Principal payment of $1.5 million is due and payable on January 5, 2019, with the balance of $2.0 million due and payable on January 5, 2020. Interest is payable on a quarterly basis. Laramide will have the right to satisfy up to half of each of these principal payments by delivering shares of its common stock to the Company, which shares will be valued by reference to the volume weighted average price (“VWAP”) for Laramide’s common stock for the 20 trading days before the respective anniversary of January 5, on which each payment is due. The fair value of the notes receivable was determined using the present value of the future cash receipts discounted at a market rate of 9.5%. Laramide made the first required principal payment of $1.5 million on the promissory note in January 2018, consisting of $750,000 in cash and the issuance of 1,982,483 of Laramide’s common shares. Also, Laramide has made interest payments of $0.3 million in cash for the six months ending June 30, 2018. The following tables show the notes receivable, accrued interest and unamortized discount on the Company’s notes receivable as of June 30, 2018 and December 31, 2017. June 30, 2018 (thousands of dollars) Note Amount Plus Accrued Interest Less Unamortized Note Discount Note Balance per Balance Sheet Current Assets Notes receivable Laramide – current $ 1,500 $ - $ - $ 1,500 Subtotal Notes Receivable – current $ 1,500 $ - $ - $ 1,500 Non-current Assets Notes receivable – Laramide – non-current $ 2,000 $ - $ (758 ) $ 1,242 Total Notes Receivable – current and non-current $ 3,500 $ - $ (758 ) $ 2,742 December 31, 2017 (thousands of dollars) Note Amount Plus Accrued Interest Less Unamortized Note Discount Note Balance per Balance Sheet Current Assets Notes receivable Laramide – current $ 1,500 $ 250 $ - $ 1,750 Subtotal Notes Receivable – current $ 1,500 $ 250 $ - $ 1,750 Non-current Assets Notes receivable – Laramide – non-current $ 3,500 $ - $ (1,005 ) $ 2,495 Notes receivable – Alabama Graphite Corp. 832 1 - 833 Subtotal Notes Receivable – non-current $ 4,332 $ 1 $ (1,005 ) $ 3,328 Total Notes Receivable – current and non-current $ 5,832 $ 251 $ (1,005 ) $ 5,078

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2018
Investments, All Other Investments [Abstract]
Financial Instruments	5. FINANCIAL INSTRUMENTS Applicable accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price) and establishes a fair-value hierarchy that prioritizes the inputs used to measure fair value using the following definitions (from highest to lowest priority): • Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that are observable at the measurement date. • Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). • Level 3 includes unobservable inputs that reflect management’s assumptions about what factors market participants would use in pricing the asset or liability. These inputs are developed based on the best information available, including internal data. The Company believes that the fair value of its assets and liabilities approximate their reported carrying amounts. The following table presents information about assets that were recorded at fair value on a recurring and non-recurring basis as of June 30, 2018 and December 31, 2017 and indicate the fair value hierarchy. June 30, 2018 (thousands of dollars) Level 1 Level 2 Level 3 Total Current Assets Short-term available-for-sale investments $ 579 $ - $ - $ 579 Total current assets recorded at fair value $ 579 $ - $ - $ 579 Non-current Assets Restricted cash $ 3,668 $ - - $ 3,668 Total non-current assets recorded at fair value $ 3,668 $ - $ - $ 3,668 December 31, 2017 (thousands of dollars) Level 1 Level 2 Level 3 Total Current Assets Short-term available-for-sale investments $ 1,361 $ - $ - $ 1,361 Total current assets recorded at fair value $ 1,361 $ - $ - $ 1,361 Non-current Assets Restricted cash $ 3,668 $ - - $ 3,668 Total non-current assets recorded at fair value $ 3,668 $ - $ - $ 3,668 Assets that are measured on a recurring basis include the Company’s marketable securities and restricted cash.

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	6. PROPERTY, PLANT AND EQUIPMENT Net Book Value of Property, Plant and Equipment at June 30, 2018 (thousands of dollars) Turkey Texas Alabama New Mexico Corporate Total Uranium plant $ - $ 8,303 $ - $ - $ - $ 8,303 Mineral rights and properties - - 8,972 7,806 - 16,778 Other property, plant and equipment 8 1,069 1 - 187 1,265 Total $ 8 $ 9,372 $ 8,973 $ 7,806 $ 187 $ 26,346 Net Book Value of Property, Plant and Equipment at December 31, 2017 (thousands of dollars) Turkey Texas Alabama New Mexico Corporate Total Uranium plant $ - $ 8,304 $ - $ - $ - $ 8,304 Mineral rights and properties 17,968 - - 7,806 - 25,774 Other property, plant and equipment 11 1,109 - - 211 1,331 Total $ 17,979 $ 9,413 $ - $ 7,806 $ 211 $ 35,409 Impairment of Temrezli and Sefaatli Projects On June 20, 2018, the General Directorate of Mining Affairs, a department of the Turkish Ministry of Energy and Natural Resources, notified the Company that the mining and exploration licenses for its Temrezli and Sefaatli projects located in Turkey have been revoked and potential compensation has been proffered. While the Company is investigating the legality of this action and what remedies, including compensation, might be available to the Company, the Company has determined that it is more likely than not that the Company will be unable to explore, develop, mine or otherwise benefit from the mineral properties. Therefore, the Company has determined that all of the uranium mineral holding property assets located in Turkey were fully impaired. The Company will recognize compensation for the mining and exploration licenses when the amount of the full and fair compensation is fixed and determinable and the ability to collect is probable. The Company reviews and evaluates its long-lived assets for impairment on an annual basis or more frequently when events or changes in circumstances indicate that the related carrying amounts may not be recoverable.

Mineral Property Expenditures

Mineral Property Expenditures	6 Months Ended
	Jun. 30, 2018
Mineral Property Expenditures
Mineral Property Expenditures	7. MINERAL PROPERTY EXPENDITURES Mineral property expenditures by geographical location for the three and six months ended June 30, 2018 and 2017 are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 (thousands of dollars) Temrezli project, Turkey $ 17 $ 24 $ 96 $ 123 Total Turkey projects 17 24 96 123 Kingsville Dome project, Texas 172 155 423 418 Rosita project, Texas 158 172 355 284 Vasquez project, Texas 97 114 331 283 Other projects, Texas (6 ) 1 1 2 Total Texas projects 421 442 1,110 987 Cebolleta project, New Mexico 389 538 389 538 Juan Tafoya project, New Mexico 3 312 9 318 Total New Mexico projects 392 850 398 856 Columbus Basin project, Nevada 120 74 122 191 Railroad Valley project, Nevada 12 155 16 158 Total Nevada projects 132 229 138 349 Sal Rica project, Utah (2 ) 7 - 6 Total Utah projects (2 ) 7 - 6 Coosa project, Alabama 9 - 9 - Total Alabama Projects 9 - 9 - Total expense for the period $ 969 1,552 $ 1 751 $ 2,321

Asset Retirement Obligations

Asset Retirement Obligations	6 Months Ended
	Jun. 30, 2018
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligations	8. ASSET RETIREMENT OBLIGATIONS The following table summarizes the changes in the reserve for future restoration and reclamation costs on the balance sheet: June 30, 2018 December 31, 2017 (thousands of dollars) Balance, beginning of period $ 5,731 $ 4,789 Liabilities settled (355 ) (97 ) Accretion expense 268 1,039 Balance, end of period 5,644 5,731 Less: Current portion (526 ) (1,078 ) Non-current portion $ 5,118 $ 4,653 The Company is currently performing plugging and surface reclamation activities at its Rosita and Vasquez projects located in Duval County, Texas. The Company’s current liability of $0.5 million consists of the estimated costs associated with current reclamation activities through June 2019 at the Company’s Rosita and Vasquez projects.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Common Stock	9. COMMON STOCK Common Stock Issued, Net of Issuance Costs Registered Direct Offering On June 14, 2018, the Company completed a registered direct offering of securities with Aspire Capital for net proceeds of $2.9 million. The securities consisted of 3,717,773 shares of common stock at a price of $0.34 per share for net proceeds of $1.3 million and 4,968,518 pre-funded common stock warrants at a price of $0.33 per warrant for net proceeds of $1.6 million. The exercise price of the warrants is $0.01 per share and the warrants are exercisable at any time and from time to time through June 14, 2021. The Company did not incur underwriting discounts or commissions with this offering. The previous Common Stock Purchase Agreement (“CSPA”), with Aspire Capital dated September 25, 2017 was terminated on June 14, 2018 concurrently with the launch of the registered direct offering. Controlled Equity Offering Sales Agreement with Cantor Fitzgerald (“Cantor”) On April 14, 2017, the Company entered into the ATM Offering with Cantor acting as sales agent. Under the ATM Offering, the Company may from time to time sell shares of its common stock having an aggregate offering amount up to $30.0 million in “at-the-market” offerings, $8.0 million of which shares are registered for sale under a registration statement on Form S-3, which was declared effective on March 9, 2017. The Company pays Cantor a commission of up to 2.5% of the gross proceeds from the sale of any shares pursuant to the ATM Offering. As of August 8, 2018, the Company had sold 1,742,749 shares of common stock for net proceeds of $1.6 million under the ATM Offering, of which, 1,068,896 shares of common stock and net proceeds of $0.5 million was sold in the six months ended June 30, 2018. As a result, the Company had approximately $28.4 million remaining available for future sales under the ATM Offering, of which $7.8 million has been registered for sale. Common Stock Purchase Agreement (“CSPA”) with Aspire Capital On September 25, 2017, the Company entered into the CSPA with Aspire Capital to place up to $22.0 million in the aggregate of the Company’s common stock on an ongoing basis when required by the Company over a term of 30 months. As consideration for Aspire Capital entering into the purchase agreement, the Company issued 880,000 shares of its common stock to Aspire Capital. On September 27, 2017, pursuant to the CSPA and after satisfaction of certain commencement conditions, Aspire Capital made an initial purchase of 1,428,571 shares of common stock for which the Company received net proceeds of $2.0 million. Additionally, through its termination on June 14, 2018 in connection with the registered direct offering described above, Aspire Capital purchased an additional 2,725,096 shares of common stock for which the Company received net proceeds of $1.5 million. Common Stock Issued for Acquisition of Alabama Graphite As discussed in Note 3 above, the Company issued 11,625,210 shares of common stock in exchange for 100% of the outstanding shares of Alabama Graphite as part of the purchase consideration paid to acquire Alabama Graphite. Common Stock Issued for Purchase of Lithium Properties On April 18, 2018, the Company issued 200,000 shares of common stock, with a fair value on the date of issuance of $114,000 for an option agreement to purchase a block of unpatented placer mining claims covering an area of approximately 3,000 acres within the Columbus Salt Marsh area of Esmeralda County, Nevada. Common Stock Issued for Consulting Services On May 3, 2018, the Company issued 172,727 shares of common stock, with a fair value on the date of issuance of $95,000 for consideration of consulting services that will be provided to the Company over the ensuing twelve months.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	10. STOCK-BASED COMPENSATION Stock-based compensation awards consist of stock options, restricted stock units, restricted stock awards and bonus shares issued under the Company’s equity incentive plans which include: the 2013 Omnibus Incentive Plan (the “2013 Plan”); the Amended and Restated 2004 Directors’ Stock Option and Restricted Stock Plan (the “2004 Directors’ Plan”); and the 2004 Stock Incentive Plan (the “2004 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. On July 18, 2017, the Company’s stockholders approved an amendment to the 2013 Plan to increase the authorized number of shares of common stock available and reserved for issuance under the 2013 Plan by 1.0 million shares and re-approve the material terms of the performance goals under such plan. Under the 2013 Plan, the Company may grant awards of stock options, stock appreciation rights, restricted stock awards (“RSAs”), restricted stock units (“RSUs”), unrestricted stock, dividend equivalent rights, performance shares and other performance-based awards, other equity-based awards and cash bonus awards to eligible persons. The maximum number of the Company’s common stock that may be reserved for issuance under the 2013 Plan is 1,083,333 shares of common stock, plus unissued shares under the prior plans. Equity awards under the 2013 Plan are granted from time to time at the discretion of the Compensation Committee of the Board (the “Committee”), with vesting periods and other terms as determined by the Committee with a maximum term of 10 years. The 2013 Plan is administered by the Committee, which can delegate the administration to the Board, other Committees or to such other officers and employees of the Company as designated by the Committee and permitted by the 2013 Plan. As of June 30, 2018, 462,594 shares were available for future issuances under the 2013 Plan. For the three months ending June 30, 2018 and 2017, the Company recorded stock-based compensation expense of $81,569 and $15,890, respectively. For the six months ending June 30, 2018 and 2017, the Company recorded stock-based compensation expense of $162,242 and $38,078, respectively. Stock compensation expense is recorded in general and administrative expenses. In addition to the plans above, upon closing of the Company’s acquisition of Anatolia Energy Limited in November 2015, the Company issued 374,749 replacement options and performance shares to the option holders and performance shareholders of Anatolia Energy Limited. The number of replacement options and performance shares was based upon the Black-Scholes value with the exercise prices of the replacement options and performance shares determined using the exchange rate of 0.00548. The options and performance shares were issued with the same terms and conditions as were applicable prior to the acquisition of Anatolia Energy Limited. As of June 30, 2018, there were 85,233 replacement options outstanding and no performance shares outstanding. In addition to the plans above, upon closing of the Company’s acquisition of Alabama Graphite in April 2018, the Company issued 2,508,378 replacement options and warrants to the option and warrant holders of Alabama Graphite. The number of replacement options and warrants shares was determined using the arrangement exchange rate of 0.08. The exercise prices for the option and warrant shares were first converted for the exchange rate of 0.08 and then converted to USD using the exchange rate on December 13, 2017 of 0.77809 (CAD to USD). The options and warrant shares were issued with the same terms and conditions as were applicable prior to the acquisition of Alabama Graphite. As of June 30, 2018, there were 336,000 replacement options and 1,348,872 replacement warrants outstanding. Stock Options The following table summarizes stock options outstanding and changes for the six-month periods ending June 30, 2018 and 2017: June 30, 2018 June 30, 2017 Number of Stock Options Weighted Average Exercise Price Number of Stock Options Weighted Average Exercise Price Stock options outstanding at beginning of period 286,174 $ 5.53 110,828 $ 18.24 Granted 364,000 1.68 - - Expired (34,012 ) 9.33 (5,583 ) 11.04 Stock options outstanding at end of period 616,162 $ 3.05 105,245 $ 18.62 Stock options exercisable at end of period 612,162 $ 3.06 105,139 $ 18.60 The following table summarizes stock options outstanding and exercisable by stock option plan at June 30, 2018: Outstanding Stock Options Exercisable Stock Options Stock Option Plan Number of Outstanding Stock Options Weighted Average Exercise Price Number of Exercisable Stock Options Weighted Average Exercise Price 2004 Plan 4,792 $ 35.14 4,792 $ 35.14 2004 Directors’ Plan 556 186.00 556 186.00 2013 Plan 189,581 1.48 189,581 1.48 Replacement Stock Options-Alabama Graphite 336,000 1.70 332,000 1.70 Replacement Stock Options-Anatolia Energy 85,233 8.87 85,233 8.87 616,162 $ 3.05 612,162 $ 3.06 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 RSU activity for the six-month periods ended June 30, 2018 and 2017: June 30, 2018 June 30, 2017 Number of RSUs Weighted- Average Grant Date Fair Value Number of RSUs Weighted- Average Grant Date Fair Value Unvested RSUs at beginning of period 178,897 $ 1.40 8,649 $ 43.71 Forfeited (9,429 ) 1.40 - - Vested - - (3,625 ) 31.32 Unvested RSUs at end of period 169,468 $ 1.40 5,024 $ 52.64

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	11. EARNINGS PER SHARE Basic and diluted loss per common share have been calculated based on the weighted-average shares outstanding during the period. Additionally, potentially dilutive shares of 7,622,353 were excluded from the calculation of earnings per share because the effect on the basic income per share would be anti-dilutive for the three and six months ended June 30, 2018.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. 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. 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 their accrual for costs. The Company believes its operations are materially compliant with current environmental regulations. At any given time, the Company may enter into negotiations to settle outstanding legal proceedings and any resulting accruals will be estimated based on the relevant facts and circumstances applicable at that time. We do not expect that such settlements will, individually or in the aggregate, have a material effect on its financial position, results of operations or cash flows.

Geographic and Segment Informat

Geographic and Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Geographic and Segment Information	13. GEOGRAPHIC AND SEGMENT INFORMATION The Company currently operates in three reportable segments, which are uranium, lithium and graphite mining activities, including exploration, standby operations and restoration and reclamation activities. As a part of these activities, the Company also explores, evaluates and, if warranted, permits uranium, lithium and graphite properties. The Company’s long-term assets were $31.3 million and $42.4 million as of June 30, 2018 and December 31, 2017, respectively. The long-term assets located in the United States totaled $31.3 million or 100% and $24.4 million or 58% of total long-term assets as of June 30, 2018 and December 31, 2017, respectively. The Company reported no revenues during the three and six months ended June 30, 2018 and June 30, 2017. The reportable segments are those operations whose operating results are reviewed by the Chief Executive Officer to make decisions about resources to be allocated to the segment and assess its performance provided those operations pass certain quantitative thresholds. Operations whose revenues, earnings or losses or assets exceed or are expected to exceed 10% of the total consolidated revenue, earnings or losses or assets are reportable segments. Information about current assets and liabilities of the segments has not been provided because the information is not used to assess performance. The table below provides a breakdown of the long-term assets by geographic segments as of June 30, 2018 and December 31, 2017: June 30, 2018 (thousands of dollars) Corporate Uranium Lithium Graphite Total Net property, plant and equipment $ 187 $ 17,186 $ - $ 8,973 $ 26,346 Restricted cash - 3,668 - - 3,668 Notes receivable, non-current - 1,242 - - 1,242 Total long-term assets $ 187 $ 22,096 $ - $ 8,973 $ 31,256 December 31, 2017 (thousands of dollars) Corporate Uranium Lithium Graphite Total Net property, plant and equipment $ 211 $ 35,198 $ - $ - $ 35,409 Restricted cash - 3,668 - - 3,668 Notes receivable, non-current 834 2,494 - - 3,328 Total long-term assets $ 1,045 $ 41,360 $ - $ - $ 42,405 The table below provides a breakdown of the geographic segments for the three months ended June 30, 2018 and June 30, 2017. Non-mining activities and other administrative operations are reported in the Corporate column. Three Months Ended June 30, 2018 (thousands of dollars) Corporate Uranium Lithium Graphite Total Statement of Operations Mineral property expenses $ - $ 830 $ 130 $ 9 $ 969 General and administrative expenses 1,364 453 - 237 2,054 Acquisition costs (422 ) - - - (422 ) Accretion of asset retirement costs - 134 - - 134 Impairment of uranium properties - 17,968 - - 17,968 Depreciation and amortization 1 31 - 1 33 943 19,416 130 247 20,736 Loss from operations (943 ) (19,416 ) (130 ) (247 ) (20,736 ) Other income 172 107 - - 279 Loss before taxes $ (771 ) $ (19,309 ) $ (130 ) $ (247 ) $ (20,457 ) Three Months Ended June 30, 2017 (thousands of dollars) Corporate Uranium Lithium Graphite Total Statement of Operations Mineral property expenses $ - $ 1,323 $ 229 $ - $ 1,552 General and administrative 1,207 401 - - 1,608 Accretion of asset retirement costs - 131 - - 131 Depreciation and amortization - 39 - - 39 1,207 1,894 229 - 3,330 Loss from operations (1,207 ) (1,894 ) (229 ) - (3,330 ) Other income 239 452 - - 691 Loss before taxes $ (968 ) $ (1,442 ) $ (229 ) $ - $ (2,639 ) The table below provides a breakdown of the geographic segments for the six months ended June 30, 2018 and June 30, 2017. Non-mining activities and other administrative operations are reported in the Corporate column. Six Months Ended June 30, 2018 (thousands of dollars) Corporate Uranium Lithium Graphite Total Statement of Operations Mineral property expenses $ - $ 1,604 $ 138 $ 9 $ 1,751 General and administrative expenses 2,717 905 - 237 3,859 Acquisition costs 333 - - - 333 Accretion of asset retirement costs - 268 - - 268 Impairment of uranium properties - 17,968 - - 17,968 Depreciation and amortization 2 64 - 1 67 3,052 20,809 138 247 24,246 Loss from operations (3,052 ) (20,809 ) (138 ) (247 ) (24,246 ) Other income 253 117 - - 370 Loss before taxes $ (2,799 ) $ (20,692 ) $ (138 ) $ (247 ) $ (23,876 ) Six Months Ended June 30, 2017 (thousands of dollars) Corporate Uranium Lithium Graphite Total Statement of Operations Mineral property expenses $ - $ 1,971 $ 350 $ - $ 2,321 General and administrative expenses 2,519 757 - - 3,276 Accretion of asset retirement costs - 263 - - 263 Depreciation and amortization 1 76 - - 77 2,520 3,067 350 - 5,937 Loss from operations (2,520 ) (3,067 ) (350 ) - (5,937 ) Other income 199 4,943 - - 5,142 Loss before taxes $ (2,321 ) $ 1,876 $ (350 ) $ - $ (795 )

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Event	14. Subsequent Event Aspire Capital - Exercise of Prepaid Warrants On August 7, 2018, Aspire Capital exercised their prepaid warrant option to purchase 4,968,518 common shares at $0.01 per share in accordance with the terms and conditions of the Registered Direct Offering agreement dated June 14, 2018. Additionally, Aspire Capital chose to utilize the “net share exercise” method, which resulted in the Company issuing 4,825,509 common shares on August 7, 2018.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In November 2016, the FASB issued Accounting Standards Update No. 2016-18, Statement of Cash Flows: Restricted Cash, which will require that a statement of cash flows explain the change during a period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. As a result, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The ASU applies to all entities and is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years beginning after December 15, 2019, with early adoption permitted. Upon adopting ASU 2016-18, the Company has included the restricted cash amount in its beginning-of-period and end-of-period reconciliations of cash on its statement of cash flows and has removed restricted cash releases of $23,000 from the investing activities section of the cash flow statement for the six months ended June 30, 2018. In January 2017, the FASB issued Accounting Standards Update No. 2017-01 (ASU 2017-01), Business Combinations: Clarifying the Definition of a Business, which clarifies the definition of a business when determining whether a company has acquired or sold a business. The ASU applies to all entities and is effective for annual periods ending after December 15, 2017, and interim periods thereafter, with early adoption permitted under certain circumstances. The Company utilized the updated “Definition of a Business” in ASC 805 for the Alabama Graphite acquisition and determined that the transaction should be recorded as an asset acquisition under ASC 360.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842)
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash as reported within the consolidated balance sheet that sum to the total of the same such amounts shown in the statement of cash flows. As of June 30, (thousands of dollars) 2018 2017 Cash and cash equivalents $ 2,715 $ 7,152 Restricted cash - pledged deposits for performance bonds 3,668 3,941 Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 6,383 $ 11,093 Funds deposited by the Company for collateralization of performance obligations are not available for the payment of general corporate obligations and are not included in cash equivalents. Restricted cash consists of pledged certificates of deposit and money market accounts. The bonds are collateralized performance bonds required for future restoration and reclamation obligations related to the Company’s South Texas production properties.
Notes Receivable	Notes Receivable These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Assets with lives beyond one year are carried at amortized cost using the effective interest method less any provision for impairment. Assets with lives under a year are undiscounted and carried at full cost. Management monitors these assets for credit quality and recoverability on a quarterly basis, including the value of any collateral. If the value of the collateral, less selling or recovery costs, exceeds the recorded investment in the asset, no impairment costs would be recorded.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Schedule of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash as reported within the consolidated balance sheet that sum to the total of the same such amounts shown in the statement of cash flows. As of June 30, (thousands of dollars) 2018 2017 Cash and cash equivalents $ 2,715 $ 7,152 Restricted cash - pledged deposits for performance bonds 3,668 3,941 Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 6,383 $ 11,093

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	The following summarizes the preliminary allocation of purchase price to the fair value of assets acquired and liabilities assumed as of the acquisition date (in thousands): Consideration: Cash $ 2,397 Issuance of 11,625,210 common shares for replacement of Alabama Graphite shares 6,394 Issuance of 364,000 options for replacement of Alabama Graphite options 35 Issuance of 2,144,378 warrants for replacement of Alabama Graphite warrants 54 $ 8,880 The fair value of the consideration given was allocated as follows: Assets: Cash and cash equivalents $ 17 Short-term receivables 113 Prepaid expenses 42 Property, plant, equipment and graphite mineral interests 8,973 Total assets 9,145 Liabilities: Accounts payable and accrued liabilities 265 Total liabilities 265 Net assets $ 8,880

Notes Receivable (Tables)

Notes Receivable (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Notes Receivable	The following tables show the notes receivable, accrued interest and unamortized discount on the Company’s notes receivable as of June 30, 2018 and December 31, 2017. June 30, 2018 (thousands of dollars) Note Amount Plus Accrued Interest Less Unamortized Note Discount Note Balance per Balance Sheet Current Assets Notes receivable Laramide – current $ 1,500 $ - $ - $ 1,500 Subtotal Notes Receivable – current $ 1,500 $ - $ - $ 1,500 Non-current Assets Notes receivable – Laramide – non-current $ 2,000 $ - $ (758 ) $ 1,242 Total Notes Receivable – current and non-current $ 3,500 $ - $ (758 ) $ 2,742 December 31, 2017 (thousands of dollars) Note Amount Plus Accrued Interest Less Unamortized Note Discount Note Balance per Balance Sheet Current Assets Notes receivable Laramide – current $ 1,500 $ 250 $ - $ 1,750 Subtotal Notes Receivable – current $ 1,500 $ 250 $ - $ 1,750 Non-current Assets Notes receivable – Laramide – non-current $ 3,500 $ - $ (1,005 ) $ 2,495 Notes receivable – Alabama Graphite Corp. 832 1 - 833 Subtotal Notes Receivable – non-current $ 4,332 $ 1 $ (1,005 ) $ 3,328 Total Notes Receivable – current and non-current $ 5,832 $ 251 $ (1,005 ) $ 5,078

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, All Other Investments [Abstract]
Schedule of Fair Value on Recurring and Non-recurring Basis	The following table presents information about assets that were recorded at fair value on a recurring and non-recurring basis as of June 30, 2018 and December 31, 2017 and indicate the fair value hierarchy. June 30, 2018 (thousands of dollars) Level 1 Level 2 Level 3 Total Current Assets Short-term available-for-sale investments $ 579 $ - $ - $ 579 Total current assets recorded at fair value $ 579 $ - $ - $ 579 Non-current Assets Restricted cash $ 3,668 $ - - $ 3,668 Total non-current assets recorded at fair value $ 3,668 $ - $ - $ 3,668 December 31, 2017 (thousands of dollars) Level 1 Level 2 Level 3 Total Current Assets Short-term available-for-sale investments $ 1,361 $ - $ - $ 1,361 Total current assets recorded at fair value $ 1,361 $ - $ - $ 1,361 Non-current Assets Restricted cash $ 3,668 $ - - $ 3,668 Total non-current assets recorded at fair value $ 3,668 $ - $ - $ 3,668

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Net Book Value of Property, Plant and Equipment at June 30, 2018 (thousands of dollars) Turkey Texas Alabama New Mexico Corporate Total Uranium plant $ - $ 8,303 $ - $ - $ - $ 8,303 Mineral rights and properties - - 8,972 7,806 - 16,778 Other property, plant and equipment 8 1,069 1 - 187 1,265 Total $ 8 $ 9,372 $ 8,973 $ 7,806 $ 187 $ 26,346 Net Book Value of Property, Plant and Equipment at December 31, 2017 (thousands of dollars) Turkey Texas Alabama New Mexico Corporate Total Uranium plant $ - $ 8,304 $ - $ - $ - $ 8,304 Mineral rights and properties 17,968 - - 7,806 - 25,774 Other property, plant and equipment 11 1,109 - - 211 1,331 Total $ 17,979 $ 9,413 $ - $ 7,806 $ 211 $ 35,409

Mineral Property Expenditures (

Mineral Property Expenditures (Tables)	6 Months Ended
	Jun. 30, 2018
Mineral Property Expenditures
Schedule of Mineral Property Expenditures	Mineral property expenditures by geographical location for the three and six months ended June 30, 2018 and 2017 are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2018 2017 2018 2017 (thousands of dollars) Temrezli project, Turkey $ 17 $ 24 $ 96 $ 123 Total Turkey projects 17 24 96 123 Kingsville Dome project, Texas 172 155 423 418 Rosita project, Texas 158 172 355 284 Vasquez project, Texas 97 114 331 283 Other projects, Texas (6 ) 1 1 2 Total Texas projects 421 442 1,110 987 Cebolleta project, New Mexico 389 538 389 538 Juan Tafoya project, New Mexico 3 312 9 318 Total New Mexico projects 392 850 398 856 Columbus Basin project, Nevada 120 74 122 191 Railroad Valley project, Nevada 12 155 16 158 Total Nevada projects 132 229 138 349 Sal Rica project, Utah (2 ) 7 - 6 Total Utah projects (2 ) 7 - 6 Coosa project, Alabama 9 - 9 - Total Alabama Projects 9 - 9 - Total expense for the period $ 969 1,552 $ 1 751 $ 2,321

Asset Retirement Obligations (T

Asset Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 2018
Asset Retirement Obligation Disclosure [Abstract]
Summary of Asset Retirement Obligations	The following table summarizes the changes in the reserve for future restoration and reclamation costs on the balance sheet: June 30, 2018 December 31, 2017 (thousands of dollars) Balance, beginning of period $ 5,731 $ 4,789 Liabilities settled (355 ) (97 ) Accretion expense 268 1,039 Balance, end of period 5,644 5,731 Less: Current portion (526 ) (1,078 ) Non-current portion $ 5,118 $ 4,653

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2018
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, 2018 and 2017: June 30, 2018 June 30, 2017 Number of Stock Options Weighted Average Exercise Price Number of Stock Options Weighted Average Exercise Price Stock options outstanding at beginning of period 286,174 $ 5.53 110,828 $ 18.24 Granted 364,000 1.68 - - Expired (34,012 ) 9.33 (5,583 ) 11.04 Stock options outstanding at end of period 616,162 $ 3.05 105,245 $ 18.62 Stock options exercisable at end of period 612,162 $ 3.06 105,139 $ 18.60
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, 2018: Outstanding Stock Options Exercisable Stock Options Stock Option Plan Number of Outstanding Stock Options Weighted Average Exercise Price Number of Exercisable Stock Options Weighted Average Exercise Price 2004 Plan 4,792 $ 35.14 4,792 $ 35.14 2004 Directors’ Plan 556 186.00 556 186.00 2013 Plan 189,581 1.48 189,581 1.48 Replacement Stock Options-Alabama Graphite 336,000 1.70 332,000 1.70 Replacement Stock Options-Anatolia Energy 85,233 8.87 85,233 8.87 616,162 $ 3.05 612,162 $ 3.06
Summary of Status of Non-vested Restricted Shares	The following table summarizes RSU activity for the six-month periods ended June 30, 2018 and 2017: June 30, 2018 June 30, 2017 Number of RSUs Weighted- Average Grant Date Fair Value Number of RSUs Weighted- Average Grant Date Fair Value Unvested RSUs at beginning of period 178,897 $ 1.40 8,649 $ 43.71 Forfeited (9,429 ) 1.40 - - Vested - - (3,625 ) 31.32 Unvested RSUs at end of period 169,468 $ 1.40 5,024 $ 52.64

Geographic and Segment Inform30

Geographic and Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The table below provides a breakdown of the long-term assets by geographic segments as of June 30, 2018 and December 31, 2017: June 30, 2018 (thousands of dollars) Corporate Uranium Lithium Graphite Total Net property, plant and equipment $ 187 $ 17,186 $ - $ 8,973 $ 26,346 Restricted cash - 3,668 - - 3,668 Notes receivable, non-current - 1,242 - - 1,242 Total long-term assets $ 187 $ 22,096 $ - $ 8,973 $ 31,256 December 31, 2017 (thousands of dollars) Corporate Uranium Lithium Graphite Total Net property, plant and equipment $ 211 $ 35,198 $ - $ - $ 35,409 Restricted cash - 3,668 - - 3,668 Notes receivable, non-current 834 2,494 - - 3,328 Total long-term assets $ 1,045 $ 41,360 $ - $ - $ 42,405 The table below provides a breakdown of the geographic segments for the three months ended June 30, 2018 and June 30, 2017. Non-mining activities and other administrative operations are reported in the Corporate column. Three Months Ended June 30, 2018 (thousands of dollars) Corporate Uranium Lithium Graphite Total Statement of Operations Mineral property expenses $ - $ 830 $ 130 $ 9 $ 969 General and administrative expenses 1,364 453 - 237 2,054 Acquisition costs (422 ) - - - (422 ) Accretion of asset retirement costs - 134 - - 134 Impairment of uranium properties - 17,968 - - 17,968 Depreciation and amortization 1 31 - 1 33 943 19,416 130 247 20,736 Loss from operations (943 ) (19,416 ) (130 ) (247 ) (20,736 ) Other income 172 107 - - 279 Loss before taxes $ (771 ) $ (19,309 ) $ (130 ) $ (247 ) $ (20,457 ) Three Months Ended June 30, 2017 (thousands of dollars) Corporate Uranium Lithium Graphite Total Statement of Operations Mineral property expenses $ - $ 1,323 $ 229 $ - $ 1,552 General and administrative 1,207 401 - - 1,608 Accretion of asset retirement costs - 131 - - 131 Depreciation and amortization - 39 - - 39 1,207 1,894 229 - 3,330 Loss from operations (1,207 ) (1,894 ) (229 ) - (3,330 ) Other income 239 452 - - 691 Loss before taxes $ (968 ) $ (1,442 ) $ (229 ) $ - $ (2,639 ) The table below provides a breakdown of the geographic segments for the six months ended June 30, 2018 and June 30, 2017. Non-mining activities and other administrative operations are reported in the Corporate column. Six Months Ended June 30, 2018 (thousands of dollars) Corporate Uranium Lithium Graphite Total Statement of Operations Mineral property expenses $ - $ 1,604 $ 138 $ 9 $ 1,751 General and administrative expenses 2,717 905 - 237 3,859 Acquisition costs 333 - - - 333 Accretion of asset retirement costs - 268 - - 268 Impairment of uranium properties - 17,968 - - 17,968 Depreciation and amortization 2 64 - 1 67 3,052 20,809 138 247 24,246 Loss from operations (3,052 ) (20,809 ) (138 ) (247 ) (24,246 ) Other income 253 117 - - 370 Loss before taxes $ (2,799 ) $ (20,692 ) $ (138 ) $ (247 ) $ (23,876 ) Six Months Ended June 30, 2017 (thousands of dollars) Corporate Uranium Lithium Graphite Total Statement of Operations Mineral property expenses $ - $ 1,971 $ 350 $ - $ 2,321 General and administrative expenses 2,519 757 - - 3,276 Accretion of asset retirement costs - 263 - - 263 Depreciation and amortization 1 76 - - 77 2,520 3,067 350 - 5,937 Loss from operations (2,520 ) (3,067 ) (350 ) - (5,937 ) Other income 199 4,943 - - 5,142 Loss before taxes $ (2,321 ) $ 1,876 $ (350 ) $ - $ (795 )

Basis of Presentation (Details

Basis of Presentation (Details Narrative) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Accounting Policies [Abstract]
Payments to acquire cash restricted investments	$ 23

Basis of Presentation - Schedul

Basis of Presentation - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Cash and cash equivalents	$ 2,715	$ 4,054	$ 7,152
Restricted cash - pledged deposits for performance bonds	3,668		3,941
Cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 6,383	$ 7,722	$ 11,093	$ 7,273

Liquidity (Details Narrative)

Liquidity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	Jun. 14, 2018	Jun. 14, 2018	Sep. 27, 2017	Sep. 25, 2017	Apr. 14, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Working capital						$ 2,200		$ 3,900
Value of currently registered for sale						7,800
Notes receivable, non-current						1,242		$ 3,328
Decrease in working capital						1,700
Proceeds from issuance of common stock						4,730	$ 13,705
Cantor Fitzgerald & Co [Member] | ATM Offering [Member]
Net proceeds from direct offering					$ 8,000
Cantor Fitzgerald & Co [Member] | ATM Offering [Member] | August 8, 2018 [Member]
Available for future sales					$ 7,800
Laramide Resources Ltd [Member]
Notes receivable, non-current						2,000
Decrease in fair value of securities						1,000
Alabama Graphite Corp. [Member]
Pre-acquisition operating cost						900
Aspire Capital Fund LLC [Member]
Net proceeds from direct offering	$ 2,900
Number of shares issued during period	3,717,773
Shares issued price per share	$ 0.34	$ 0.34
Proceeds from issuance of common stock	$ 1,300
Warrant exercise price	$ 0.01	$ 0.01
Warrant exercisable term	Jun. 14, 2021
Aspire Capital Fund LLC [Member] | Common Stock Purchase Agreement [Member]
Net proceeds from direct offering				$ 22,000
Number of shares issued during period		2,725,096	1,428,571	880,000
Proceeds from issuance of common stock		$ 1,500	$ 2,000
Agreement termination date, description	The previous Common Stock Purchase Agreement ("CSPA") with Aspire Capital dated September 25, 2017 was terminated on June 14, 2018 concurrently with the launch of the registered direct offering.
Aspire Capital Fund LLC [Member] | Common Stock Warrants [Member]
Number of warrants issued for common stock	4,968,518	4,968,518
Prefunded warrants price per share	$ 0.33	$ 0.33
Proceeds from issuance of warrant	$ 1,600
ATM Offering [Member]
Net proceeds from direct offering						$ 8,000

Acquisitions (Details Narrative

Acquisitions (Details Narrative) - USD ($)	Apr. 23, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 13, 2017
Acquisition of transaction cost		$ 600,000		$ 600,000
Acquisition share price	$ 0.55
Acquisition related costs		422,000		(333,000)
Alabama Graphite Corp. [Member]
Percentage of acquisition of outstanding securities	100.00%
Total consideration	$ 8,900,000
Common stock price per share	$ 0.08
Debt instrument conversion price per share	$ 0.08					$ 0.77809
Number of shares issued during period for acquisition	11,625,210
Due from related party	$ 1,795,251
Acquisition related costs		$ 400,000		$ 1,900,000
Alabama Graphite Corp. [Member] | Common Stock [Member]
Acquisition of transaction cost	6,400,000
Alabama Graphite Corp. [Member] | Warrants and Options [Member]
Acquisition of transaction cost	$ 89,000
Alabama Graphite Corp. [Member] | Options [Member]
Number of shares issued during period for acquisition	364,000
Alabama Graphite Corp. [Member] | Warrant [Member]
Number of shares issued during period for acquisition	2,144,378
Alabama Graphite Corp. [Member] | Alabama [Member]
Percentage of acquisition of outstanding securities	100.00%
Total consideration	$ 2,400,000

Acquisitions - Schedule of Fair

Acquisitions - Schedule of Fair Value of Assets Acquired and Liabilities Assumed (Details)	6 Months Ended
	Jun. 30, 2018USD ($)
Total consideration received	$ 8,880
Cash and cash equivalents	17
Short-term receivables	113
Prepaid expenses	42
Property, plant, equipment and graphite mineral interests	8,973
Total assets	9,145
Accounts payable and accrued liabilities	265
Total liabilities	265
Net assets	8,880
Cash [Member]
Total consideration received	2,397
Common Shares for Replacement of Alabama Graphite Shares [Member]
Total consideration received	6,394
Options for Replacement of Alabama Graphite Options [Member]
Total consideration received	35
Warrants for Replacement of Alabama Graphite Warrants [Member]
Total consideration received	$ 54

Acquisitions - Schedule of Fa36

Acquisitions - Schedule of Fair Value of Assets Acquired and Liabilities Assumed (Details) (Parenthetical) - Alabama Graphite [Member]	6 Months Ended
	Jun. 30, 2018shares
Issuance of common stock for replacements	11,625,210
Issuance of option for replacements	364,000
Issuance of warrants for replacement	2,144,378

Notes Receivable (Details Narra

Notes Receivable (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2018	Apr. 23, 2018	Jan. 31, 2018	Dec. 31, 2017	Dec. 13, 2017
Accrued interest receivable				$ 251,000
Laramide Resources Ltd [Member]
Promissory debt	$ 3,500,000
Debt instrument, term	3 years
Debt interest rate	5.00%
Debt principal amount due	$ 750,000		$ 1,500,000
Cash receipts discounted at market rate	9.50%
Number of issuance of common shares	1,982,483
Debt interest payments	$ 300,000
January 5, 2019 [Member] | Laramide Resources Ltd [Member]
Debt principal amount due	1,500,000
January 5, 2020 [Member] | Laramide Resources Ltd [Member]
Debt principal amount due	$ 2,000,000
Maximum [Member] | Laramide Resources Ltd [Member]
Debt interest rate	10.00%
Alabama Graphite Corp. [Member]
Debt instrument fair value of principal	$ 949,280	$ 1,781,794
Accrued interest receivable	$ 12,227	$ 13,457
Alabama Graphite Corp. [Member] | Maximum [Member]
Secured loan					$ 2,000,000

Notes Receivable - Schedule of

Notes Receivable - Schedule of Notes Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Note Amount, current	$ 1,500	$ 1,500
Plus Accrued interest, current		250
Less Unamortized Note Discount, current
Note Balance per Balance Sheet, current	1,500	1,750
Note Amount, non-current		4,332
Plus Accrued interest, non-current		1
Less Unamortized Note Discount, non-current		(1,005)
Note Balance per Balance Sheet, non-current	1,242	3,328
Note Amount, current and non-current	3,500	5,832
Plus Accrued interest, current and non-current		251
Less Unamortized Note Discount, current and non-current	(758)	(1,005)
Note Balance per Balance Sheet, current and non-current	2,742	5,078
Notes Receivable Laramide [Member]
Note Amount, current	1,500	1,500
Plus Accrued interest, current		250
Less Unamortized Note Discount, current
Note Balance per Balance Sheet, current	1,500	1,750
Note Amount, non-current	2,000	3,500
Plus Accrued interest, non-current
Less Unamortized Note Discount, non-current	(758)	(1,005)
Note Balance per Balance Sheet, non-current	$ 1,242	2,495
Notes Receivable - Alabama Graphite [Member]
Note Amount, non-current		832
Plus Accrued interest, non-current		1
Less Unamortized Note Discount, non-current
Note Balance per Balance Sheet, non-current		$ 833

Financial Instruments - Schedul

Financial Instruments - Schedule of Fair Value on Recurring and Non-recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Short-term available-for-sale investments	$ 579	$ 1,361
Total current assets recorded at fair value	579	1,361
Restricted cash	3,668	3,668
Total non-current assets recorded at fair value	3,668	3,668
Fair Value, Inputs, Level 1 [Member]
Short-term available-for-sale investments	579	1,361
Total current assets recorded at fair value	579	1,361
Restricted cash	3,668	3,668
Total non-current assets recorded at fair value	3,668	3,668
Fair Value, Inputs, Level 2 [Member]
Short-term available-for-sale investments
Total current assets recorded at fair value
Restricted cash
Total non-current assets recorded at fair value
Fair Value, Inputs, Level 3 [Member]
Short-term available-for-sale investments
Total current assets recorded at fair value
Restricted cash
Total non-current assets recorded at fair value

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Net property, plant and equipment	$ 26,346	$ 35,409
Turkey [Member]
Net property, plant and equipment	8	17,979
Texas [Member]
Net property, plant and equipment	9,372	9,413
Alabama [Member]
Net property, plant and equipment	8,973
New Mexico [Member]
Net property, plant and equipment	7,806	7,806
Corporate [Member]
Net property, plant and equipment	187	211
Uranium Plant [Member]
Net property, plant and equipment	8,303	8,304
Uranium Plant [Member] | Turkey [Member]
Net property, plant and equipment
Uranium Plant [Member] | Texas [Member]
Net property, plant and equipment	8,303	8,304
Uranium Plant [Member] | Alabama [Member]
Net property, plant and equipment
Uranium Plant [Member] | New Mexico [Member]
Net property, plant and equipment
Uranium Plant [Member] | Corporate [Member]
Net property, plant and equipment
Mineral Rights and Properties [Member]
Net property, plant and equipment	16,778	25,774
Mineral Rights and Properties [Member] | Turkey [Member]
Net property, plant and equipment		17,968
Mineral Rights and Properties [Member] | Texas [Member]
Net property, plant and equipment
Mineral Rights and Properties [Member] | Alabama [Member]
Net property, plant and equipment	8,972
Mineral Rights and Properties [Member] | New Mexico [Member]
Net property, plant and equipment	7,806	7,806
Mineral Rights and Properties [Member] | Corporate [Member]
Net property, plant and equipment
Other Property Plant and Equipment [Member]
Net property, plant and equipment	1,265	1,331
Other Property Plant and Equipment [Member] | Turkey [Member]
Net property, plant and equipment	8	11
Other Property Plant and Equipment [Member] | Texas [Member]
Net property, plant and equipment	1,069	1,109
Other Property Plant and Equipment [Member] | Alabama [Member]
Net property, plant and equipment	1
Other Property Plant and Equipment [Member] | New Mexico [Member]
Net property, plant and equipment
Other Property Plant and Equipment [Member] | Corporate [Member]
Net property, plant and equipment	$ 187	$ 211

Mineral Property Expenditures -

Mineral Property Expenditures - Schedule of Mineral Property Expenditures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Total expense for the period	$ 969	$ 1,552	$ 1,751	$ 2,321
Temrezli Project, Turkey [Member]
Total expense for the period	17	24	96	123
Total Turkey Projects [Member]
Total expense for the period	17	24	96	123
Kingsville Dome Project, Texas [Member]
Total expense for the period	172	155	423	418
Rosita Project, Texas [Member]
Total expense for the period	158	172	355	284
Vasquez Project, Texas [Member]
Total expense for the period	97	114	331	283
Other Projects, Texas [Member]
Total expense for the period	(6)	1	1	2
Total Texas Projects [Member]
Total expense for the period	421	442	1,110	987
Cebolleta project, New Mexico [Member]
Total expense for the period	389	538	389	538
Juan Tafoya Project, New Mexico [Member]
Total expense for the period	3	312	9	318
Total New Mexico Projects [Member]
Total expense for the period	392	850	398	856
Columbus Basin Project, Nevada [Member]
Total expense for the period	120	74	122	191
Railroad Valley, Nevada [Member]
Total expense for the period	12	155	16	158
Total Nevada Projects [Member]
Total expense for the period	132	229	138	349
Sal Rica Project, Utah [Member]
Total expense for the period	(2)	7		6
Total Utah Projects [Member]
Total expense for the period	(2)	7		6
Coosa project, Alabama [Member]
Total expense for the period	9		9
Total Alabama Projects [Member]
Total expense for the period	$ 9		$ 9

Asset Retirement Obligations (D

Asset Retirement Obligations (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligation current	$ 526	$ 1,078

Asset Retirement Obligations -

Asset Retirement Obligations - Summary of Asset Retirement Obligations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Balance, beginning of period			$ 5,731	$ 4,789	$ 4,789
Liabilities settled			(355)		(97)
Accretion expense	$ 134	$ 131	268	$ 263	1,039
Balance, end of period	5,644		5,644		5,731
Less: Current portion	(526)		(526)		(1,078)
Non-current Portion	$ 5,118		$ 5,118		$ 4,653

Common Stock (Details Narrative

Common Stock (Details Narrative) $ / shares in Units, $ in Thousands	Jun. 14, 2018USD ($)$ / sharesshares	Jun. 14, 2018USD ($)$ / sharesshares	May 03, 2018USD ($)shares	Apr. 18, 2018USD ($)ashares	Sep. 27, 2017USD ($)shares	Sep. 25, 2017USD ($)shares	Apr. 14, 2017USD ($)	Mar. 09, 2017USD ($)	Jun. 30, 2018USD ($)shares	Jun. 30, 2017USD ($)
Proceeds from common stock									$ 4,730	$ 13,705
Fair value of shares issued									95
Number of shares issued for services | shares			172,727
Number of shares issued for services, value			$ 95						95
Option Agreement [Member]
Number of common stock issued | shares				200,000
Fair value of shares issued				$ 114
Mining claims covering area | a				3,000
ATM Offering [Member]
Net proceeds from direct offering							$ 30,000	$ 8,000	$ 500
Sales commission percentage							2.50%
Number of common stock sold | shares									1,068,896
Available for future sales							$ 28,400		$ 7,800
ATM Offering [Member] | August 8, 2018 [Member]
Net proceeds from direct offering									$ 1,600
Number of common stock sold | shares									1,742,749
Aspire Capital Fund LLC [Member]
Net proceeds from direct offering	$ 2,900
Number of common stock issued | shares	3,717,773
Average price per shares issued | $ / shares	$ 0.34	$ 0.34
Proceeds from common stock	$ 1,300
Warrant purchase price per share | $ / shares	$ 0.01	$ 0.01
Warrant exercisable term	Jun. 14, 2021
Aspire Capital Fund LLC [Member] | Common Stock Purchase Agreement [Member]
Net proceeds from direct offering						$ 22,000
Number of common stock issued | shares		2,725,096			1,428,571	880,000
Proceeds from common stock		$ 1,500			$ 2,000
Aspire Capital Fund LLC [Member] | Common Stock Warrants [Member]
Number of warrants issued for common stock | shares	4,968,518	4,968,518
Prefunded warrants price per share | $ / shares	$ 0.33	$ 0.33
Net proceeds of warrants	$ 1,600
Alabama Graphite [Member]
Number of common stock issued | shares									11,625,210
Ownership percentage									100.00%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	Nov. 30, 2015	Apr. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 13, 2017	Jul. 18, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 81,569	$ 15,890	$ 162,242	$ 38,078
Number of replacement options outstanding					85,233
Anatoila Energy Limited [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of replacement options issued	374,749
Sale of stock price per share	$ 0.00548
Alabama Graphite [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of replacement options outstanding					336,000
Number of replacement options and warrants		2,508,378
Replacement options and warrants shares exchange rate		$ 0.08
Exercise prices for the option and warrant shares							$ 0.77809
Number of replacement warrants outstanding					1,348,872
Alabama Graphite [Member] | CAD [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise prices for the option and warrant shares		$ 0.08
2013 Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock shares reserved for future issuance			462,594		462,594
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			1,083,333		1,083,333			1,000,000
Stock option vesting period					10 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Options Outstanding (Details) - $ / shares	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of stock options outstanding, Beginning of period	286,174	110,828
Number of stock options outstanding, Granted	364,000
Number of stock options outstanding, Expired	(34,012)	(5,583)
Number of stock options outstanding, End of period	616,162	105,245
Number of stock options Exercisable, End of period	612,162	105,139
Weighted average exercise price, Beginning of period	$ 5.53	$ 18.24
Weighted average exercise price, Granted	1.68
Weighted average exercise price, Expired	9.33	11.04
Weighted average exercise price, End of period	3.05	18.62
Weighted average exercise price Exercisable, End of period	$ 3.06	$ 18.60

Stock-Based Compensation - Su47

Stock-Based Compensation - Summary of Stock Options Outstanding and Exercisable by Stock Option Plan (Details) - $ / shares	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Outstanding Stock Options, Number of Outstanding Stock Options	616,162	286,174	105,245	110,828
Outstanding Stock Options, Weighted Average Exercise Price	$ 3.05	$ 5.53	$ 18.62	$ 18.24
Exercisable Stock Options, Number of Exercisable Stock Options	612,162		105,139
Exercisable Stock Options, Weighted Average Exercise Price	$ 3.06		$ 18.60
2004 Plan [Member]
Outstanding Stock Options, Number of Outstanding Stock Options	4,792
Outstanding Stock Options, Weighted Average Exercise Price	$ 35.14
Exercisable Stock Options, Number of Exercisable Stock Options	4,792
Exercisable Stock Options, Weighted Average Exercise Price	$ 35.14
2004 Directors' Plan [Member]
Outstanding Stock Options, Number of Outstanding Stock Options	556
Outstanding Stock Options, Weighted Average Exercise Price	$ 186
Exercisable Stock Options, Number of Exercisable Stock Options	556
Exercisable Stock Options, Weighted Average Exercise Price	$ 186
2013 Plan [Member]
Outstanding Stock Options, Number of Outstanding Stock Options	189,581
Outstanding Stock Options, Weighted Average Exercise Price	$ 1.48
Exercisable Stock Options, Number of Exercisable Stock Options	189,581
Exercisable Stock Options, Weighted Average Exercise Price	$ 1.48
Replacement Stock Options - Alabama Graphite [Member]
Outstanding Stock Options, Number of Outstanding Stock Options	336,000
Outstanding Stock Options, Weighted Average Exercise Price	$ 1.70
Exercisable Stock Options, Number of Exercisable Stock Options	332,000
Exercisable Stock Options, Weighted Average Exercise Price	$ 1.70
Replacement Stock Options - Anatolia Energy [Member]
Outstanding Stock Options, Number of Outstanding Stock Options	85,233
Outstanding Stock Options, Weighted Average Exercise Price	$ 8.87
Exercisable Stock Options, Number of Exercisable Stock Options	85,233
Exercisable Stock Options, Weighted Average Exercise Price	$ 8.87

Stock-Based Compensation - Su48

Stock-Based Compensation - Summary of Status of Non-vested Restricted Shares (Details) - Restricted Stock Units [Member] - $ / shares	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Number of restricted stock, Unvested Beginning of period	178,897	8,649
Number of restricted stock, Forfeited	(9,429)
Number of restricted stock, Vested		(3,625)
Number of restricted stock, Unvested End of period	169,468	5,024
Weighted Average Grant Date Fair Value, Unvested Beginning of period	$ 1.40	$ 43.71
Weighted Average Grant Date Fair Value, Forfeited	1.40
Weighted Average Grant Date Fair Value, Vested		31.32
Weighted Average Grant Date Fair Value, Unvested End of period	$ 1.40	$ 52.64

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Earnings Per Share [Abstract]
Potentially dilutive shares	7,622,353	7,622,353

Geographic and Segment Inform50

Geographic and Segment Information (Details Narrative) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)ReportableSegments	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Number of reportable operating segment | ReportableSegments			3
Long-term assets	$ 31,300		$ 31,300		$ 42,400
Revenues
Concentration risk percentage			10.00%
United States [Member]
Long-term assets	$ 31,300		$ 31,300		$ 24,400
Long-term assets percentage	100.00%		100.00%		58.00%

Geographic and Segment Inform51

Geographic and Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Net property, plant and equipment	$ 26,346		$ 26,346		$ 35,409
Restricted cash	3,668		3,668		3,668
Notes receivable, non-current	1,242		1,242		3,328
Mineral property expenses	969	$ 1,552	1,751	$ 2,321
General and administrative expenses	2,054	1,608	3,859	3,276
Acquisition costs	422		(333)
Accretion of asset retirement costs	134	131	268	263	1,039
Impairment of uranium properties	(17,968)		(17,968)
Depreciation and amortization	33	39	67	77
Total operating expenses	(20,736)	(3,330)	(24,246)	(5,937)
Other income	279	691	370	5,142
Long Term Assets [Member]
Net property, plant and equipment	26,346		26,346		35,409
Restricted cash	3,668		3,668		3,668
Notes receivable, non-current	1,242		1,242		3,328
Total long-term assets	31,256		31,256		42,405
Operating Results [Member]
Mineral property expenses	969	1,552	1,751	2,321
General and administrative expenses	2,054	1,608	3,859	3,276
Acquisition costs	(422)		333
Accretion of asset retirement costs	134	131	268	263
Impairment of uranium properties	17,968		17,968
Depreciation and amortization	33	39	67	77
Total operating expenses	20,736	3,330	24,246	5,937
Loss from operations	(20,736)	(3,330)	(24,246)	(5,937)
Other income	279	691	370	5,142
Loss before taxes	(20,457)	(2,639)	(23,876)	(795)
Corporate [Member] | Long Term Assets [Member]
Net property, plant and equipment	187		187		211
Restricted cash
Notes receivable, non-current					834
Total long-term assets	187		187		1,045
Corporate [Member] | Operating Results [Member]
Mineral property expenses
General and administrative expenses	1,364	1,207	2,717	2,519
Acquisition costs	(422)		333
Accretion of asset retirement costs
Impairment of uranium properties
Depreciation and amortization	1		2	1
Total operating expenses	943	1,207	3,052	2,520
Loss from operations	(943)	(1,207)	(3,052)	(2,520)
Other income	172	239	253	199
Loss before taxes	(771)	(968)	(2,799)	(2,321)
Uranium [Member] | Long Term Assets [Member]
Net property, plant and equipment	17,186		17,186		35,198
Restricted cash	3,668		3,668		3,668
Notes receivable, non-current	1,242		1,242		2,494
Total long-term assets	22,096		22,096		41,360
Uranium [Member] | Operating Results [Member]
Mineral property expenses	830	1,323	1,604	1,971
General and administrative expenses	453	401	905	757
Acquisition costs
Accretion of asset retirement costs	134	131	268	263
Impairment of uranium properties	17,968		17,968
Depreciation and amortization	31	39	64	76
Total operating expenses	19,416	1,894	20,809	3,067
Loss from operations	(19,416)	(1,894)	(20,809)	(3,067)
Other income	107	452	117	4,943
Loss before taxes	(19,309)	(1,442)	(20,692)	1,876
Lithium [Member] | Long Term Assets [Member]
Net property, plant and equipment
Restricted cash
Notes receivable, non-current
Total long-term assets
Lithium [Member] | Operating Results [Member]
Mineral property expenses	130	229	138	350
General and administrative expenses
Acquisition costs
Accretion of asset retirement costs
Impairment of uranium properties
Depreciation and amortization
Total operating expenses	130	229	138	350
Loss from operations	(130)	(229)	(138)	(350)
Other income
Loss before taxes	(130)	(229)	(138)	(350)
Graphite [Member] | Long Term Assets [Member]
Net property, plant and equipment	8,973		8,973
Restricted cash
Notes receivable, non-current
Total long-term assets	8,973		8,973
Graphite [Member] | Operating Results [Member]
Mineral property expenses	9		9
General and administrative expenses	237		237
Acquisition costs
Accretion of asset retirement costs
Impairment of uranium properties
Depreciation and amortization	1		1
Total operating expenses	247		247
Loss from operations	(247)		(247)
Other income
Loss before taxes	$ (247)		$ (247)

Subsequent Event (Details Narra

Subsequent Event (Details Narrative) - Aspire Capital Fund LLC [Member] - $ / shares	Aug. 07, 2018	Jun. 14, 2018
Warrant exercised price per shares		$ 0.01
Number of common stock issued		3,717,773
Subsequent Event [Member]
Warrants to purchase common stock	4,968,518
Warrant exercised price per shares	$ 0.01
Number of common stock issued	4,825,509