Westwater Resources (WWR) 10-K 1 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Mar. 01, 2018	Jun. 30, 2017
Document And Entity Information
Entity Registrant Name	WESTWATER RESOURCES, INC.
Entity Central Index Key	839,470
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity's Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 36,767,717
Entity Common Stock, Shares Outstanding		27,929,194
Trading Symbol	WWR
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 4,054	$ 3,309
Marketable securities	1,361
Notes receivable - current	1,750
Prepaid and other current assets	668	602
Total Current Assets	7,833	3,911
Property, plant and equipment, at cost:
Property, plant and equipment	101,187	112,964
Less accumulated depreciation and depletion	(65,778)	(66,048)
Net property, plant and equipment	35,409	46,916
Restricted cash	3,668	3,964
Notes receivable, non-current	3,328
Long-term assets held for sale		2,123
Total Assets	50,238	56,914
Current Liabilities:
Accounts payable	538	610
Accrued liabilities	2,352	1,981
Convertible loan net of discount		5,431
Current portion of asset retirement obligations	1,078	121
Total Current Liabilities	3,968	8,143
Asset retirement obligations, net of current portion	4,653	4,668
Other long-term liabilities	500	500
Long-term liabilities related to assets held for sale		555
Total Liabilities	9,121	13,866
Commitments and Contingencies
Stockholders' Equity:
Common stock, 100,000,000 shares authorized, $.001 par value; Issued shares - 27,790,324 and 16,675,419, respectively Outstanding shares - 27,782,299 and 16,667,394, respectively	28	17
Paid-in capital	297,250	280,191
Accumulated other comprehensive gain	287
Accumulated deficit	(256,190)	(236,902)
Less: Treasury stock (8,025 and 8,025 shares, respectively), at cost	(258)	(258)
Total Stockholders' Equity	41,117	43,048
Total Liabilities and Stockholders' Equity	$ 50,238	$ 56,914

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
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	27,790,324	16,675,419
Common stock, shares outstanding	27,782,299	16,667,394
Treasury stock, shares	8,025	8,025

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating Expenses:
Mineral property expenses	$ (4,584)	$ (3,248)
General and administrative	(6,614)	(7,650)
Acquisition related costs	(1,003)
Accretion of asset retirement obligations	(1,039)	(480)
Depreciation and amortization	(142)	(247)
Impairment of uranium properties	(11,436)	(1,673)
Total operating expenses	(24,818)	(13,298)
Non-Operating Income/(Expenses):
Loss on extinguishment of convertible debt	(39)	(3,322)
Interest income (expense)	614	(2,800)
Commitment fees		(333)
Gain on disposal/exchange of uranium properties	4,927
Other income/(expense), net	28	148
Total other income/(expense)	5,530	(6,307)
Net Loss	(19,288)	(19,605)
Other Comprehensive Loss
Unrealized fair value increase (decrease) on available-for-sale securities	287	(49)
Transfer to realized gain upon sale of available-for-sale securities		116
Comprehensive Loss	$ (19,001)	$ (19,538)
BASIC AND DILUTED LOSS PER SHARE	$ (0.78)	$ (3.73)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	24,736,955	5,251,954

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Paid-In Capital [Member]	Accumulated Other Comprehensive (Loss) Gain [Member]	Accumulated Deficit [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2015	$ 5	$ 258,096	$ (67)	$ (217,297)	$ (258)	$ 40,479
Balance, shares at Dec. 31, 2015	4,522,186
Net loss			(19,605)			(19,605)
Common stock issued, net of issuance costs	$ 9	13,940				13,949
Common stock issued, net of issuance costs, shares	8,930,061
Common stock issued for extinguishment of convertible debt	$ 3	5,820				5,823
Common stock issued for extinguishment of convertible debt, shares	2,487,562
Common stock issued for settlement of accounts payable		850				850
Common stock issued for settlement of accounts payable, shares	214,991
Common stock issued for purchase of lithium properties		132				132
Common stock issued for purchase of lithium properties, shares	100,000
Common stock issued for loan interest		304				304
Common stock issued for loan interest, shares	83,000
Common stock issued for commitment fees		856				856
Common stock issued for commitment fees, shares	315,000
Stock compensation expense and related share issuances, net of shares withheld for the payment of taxes		195				195
Stock compensation expense and related share issuances, net of shares withheld for the payment of taxes, shares	14,594
Minimum withholding taxes on net share settlements of equity awards		(2)				(2)
Unrealized holding loss on marketable securities			67			67
Balance at Dec. 31, 2016	$ 17	280,191		(236,902)	(258)	43,048
Balance, shares at Dec. 31, 2016	16,667,394
Net loss				(19,288)		(19,288)
Common stock issued, net of issuance costs	$ 10	15,311				15,321
Common stock issued, net of issuance costs, shares	9,926,396
Common stock issued for settlement of accounts payable		325				325
Common stock issued for settlement of accounts payable, shares	177,700
Common stock issued for purchase of lithium properties		110				110
Common stock issued for purchase of lithium properties, shares	100,000
Common stock issued for loan interest
Common stock issued for commitment fees	$ 1	1,213				1,214
Common stock issued for commitment fees, shares	880,000
Stock compensation expense and related share issuances, net of shares withheld for the payment of taxes		101				101
Stock compensation expense and related share issuances, net of shares withheld for the payment of taxes, shares	38,834
Minimum withholding taxes on net share settlements of equity awards		(1)				(1)
Unrealized holding loss on marketable securities			287			287
Balance at Dec. 31, 2017	$ 28	$ 297,250	$ 287	$ (256,190)	$ (258)	$ 41,117
Balance, shares at Dec. 31, 2017	27,790,324

Consolidated Statements of Cash

Consolidated Statements of Cash Flows and Supplemental Cash Flow Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating Activities:
Net loss	$ (19,288)	$ (19,605)
Reconciliation of net loss to cash used in operations:
Accretion of asset retirement obligations	1,039	480
Decrease in restoration and reclamation accrual	(97)	(54)
Amortization of debt discount	30	1,839
Amortization of convertible loan establishment fee		100
Amortization of note receivable discount	(744)
Amortization of non-cash investor relations fee	250
Depreciation and amortization	142	247
Stock compensation expense	101	195
Common stock issued as payment of commitment fees		333
Common stock issued as payment of accounts payable	25
Common stock issued for lithium property acquisition		278
Impairment of uranium properties	11,436	1,673
Gain on disposal of fixed assets	(1)
Gain on sale of uranium properties	(4,963)
Loss on extinguishment of convertible debt	39	3,322
Loss on sale of marketable securities		116
Effect of changes in operating working capital items:
Decrease in receivables	5	89
Decrease in prepaid and other current assets	(22)	53
Increase/(decrease) in payables, accrued liabilities and deferred credits	445	(1,375)
Net Cash Used In Operating Activities	(11,603)	(12,309)
Cash Flows From Investing Activities:
Purchases of equipment	(100)	(26)
Proceeds from disposal of mineral properties, net	1,950
Proceeds from disposal of property, plant and equipment	1
Proceeds from the sale of other short-term assets		247
Note advances for Alabama Graphite Corp. acquisition	(833)
Net Cash Provided By Investing Activities	1,018	221
Cash Flows From Financing Activities:
Payments on borrowings	(5,500)
Issuance of common stock, net	16,535	14,472
Payment of minimum withholding taxes on net share settlements of equity awards	(1)	(2)
Net Cash Provided By Financing Activities	11,034	14,470
Net increase in cash, cash equivalents and restricted cash	449	2,382
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	7,273	4,891
Cash, Cash Equivalents and Restricted Cash, End of Period	7,722	7,273
Cash Paid During the Period for:
Interest	130	600
Supplemental Non-Cash Information with Respect to Investing and Financing Activities:
Common stock issued for payment of accounts payable	325	850
Common stock issued for payment of loan interest		304
Common stock issued for payment of commitment fees	1,214	523
Total Non-Cash Investing and Financing Activities for the Period	$ 1,539	$ 1,677

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Change in Corporate Name Effective August 21, 2017, the Company changed its name from “Uranium Resources, Inc.” to “Westwater Resources, Inc.” The name change was made pursuant to Section 242 of the Delaware General Corporation Law and did not affect the rights of the Company’s security holders. Principles of Consolidation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.”) and include the accounts of WWR and its wholly-owned subsidiaries. All significant intercompany transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the U.S. (“US GAAP”) requires management to make certain estimates and assumptions. Such estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates included in the preparation of the financial statements are related to asset retirement obligations; stock-based compensation; derivative liabilities and asset impairment, including estimates used to derive future cash flows or market value associated with those assets. Cash and Cash Equivalents We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. We maintain cash deposits in excess of federally insured limits. We monitor the soundness of the financial institution and believe the risk is negligible. Available-for-Sale Investments We determine the appropriate classification of our investments at the time of purchase and re-evaluate such determinations each reporting date. Marketable equity securities are categorized as available-for-sale and carried at fair market value on the Balance Sheet. Unrealized gains and losses are included as a component of accumulated other comprehensive loss, unless an other-than-temporary impairment in value has occurred in which case the unrealized loss would be charged to current period loss as an impairment charge. Unrealized gains and losses originally included in accumulated other comprehensive income are reclassified to current period net loss when the sale of securities occurs or when a security is impaired. Property, Plant and Equipment Facilities and Equipment Expenditures for new facilities or equipment and expenditures that extend the useful lives of existing facilities or equipment are capitalized and recorded at cost. The facilities and equipment are amortized using the units of production method. During the periods that our facilities are not in production, depreciation of our facilities and equipment is suspended as the assets are not in service. Mineral Properties Mineral rights acquisition costs are capitalized when incurred, and exploration costs are expensed as incurred. When we determine that a mineral right can be economically developed in accordance with U.S. GAAP, the costs then incurred to develop such property will be capitalized. During the periods that our facilities are not in production, depletion of our mineral interests, permits, licenses and development properties is suspended as the assets are not in service. If mineral properties are subsequently abandoned or impaired, any non-depleted costs will be charged to loss in that period. Other Property, Plant and Equipment Other property, plant and equipment consisted of corporate office equipment, furniture and fixtures and transportation equipment. Depreciation on other property is computed based upon the estimated useful lives of the assets. Repairs and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed. Asset Impairment The Company reviews and evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. Impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the assets. An impairment loss is measured and recorded based on discounted estimated future cash flows or upon an estimate of fair value that may be received in an exchange transaction. Future cash flows are estimated based on quantities of recoverable minerals, expected uranium prices, production levels and operating costs of production and capital, based upon the projected remaining future uranium production from each project. Existing proven and probable reserves and value beyond proven and probable reserves, including mineralization that is not part of the measured, indicated or inferred resource base, are included when determining the fair value of mine site reporting units at acquisition and, subsequently, in determining whether the assets are impaired. The term “recoverable minerals” refers to the estimated amount of uranium that will be obtained after taking into account losses during processing and treatment. In estimating future cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of future cash flows from other asset groups. The Company’s estimates of future cash flows are based on numerous assumptions and it is likely that actual future cash flows will be significantly different than the estimates, as actual future quantities of recoverable minerals, uranium prices, production levels and operating costs of production and availability and cost of capital are each subject to significant risks and uncertainties. Assets held for sale The Company considers assets to be held for sale when management approves and commits to a formal plan to actively market the assets for sale at a price reasonable in relation to fair value, the asset is available for immediate sale in its present condition, an active program to locate a buyer and other actions required to complete the sale have been initiated, the sale of the asset is expected to be completed within one year and it is unlikely that significant changes will be made to the plan. Upon designation as held for sale, the Company records the carrying value of the assets at the lower of its carrying value or its estimated fair value, less costs to sell. 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. For the years ended December 31, (thousands of dollars) 2017 2016 Cash and cash equivalents $ 4,054 $ 3,309 Restricted cash - pledged deposits for performance bonds 3,668 3,964 Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 7,722 $ 7,273 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 our South Texas production properties. Fair Value of Financial Instruments Our financial instruments consist of cash equivalents, restricted cash and short-term investments. U.S. GAAP defines “fair value” as the price that would be received to sell an asset or be 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 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. ● Level 2 — Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data by correlation or other means. ● Level 3 — Prices or valuation techniques requiring inputs that are both significant to the fair-value measurement and unobservable. The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company continually monitors its positions with, and the credit quality of, the financial institutions with which it invests. Periodically throughout the year, the Company has maintained balances in various U.S. operating accounts in excess of U.S. federally insured limits. The following table presents information about financial instruments recognized at fair value on a recurring basis as of December 31, 2017 and 2016, and indicates the fair value hierarchy: 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 December 31, 2016 (thousands of dollars) Level 1 Level 2 Level 3 Total Non-current Assets Restricted cash 3,964 - - 3,964 Total assets recorded at fair value $ 3,964 $ - $ - $ 3,964 Asset Retirement Obligations Various federal and state mining laws and regulations require the Company to reclaim the surface areas and restore underground water quality for its ISR projects to the pre-existing or background average quality after the completion of mining. Asset retirement obligations, consisting primarily of estimated restoration and reclamation costs at the Company’s South Texas ISR projects, are recognized in the period incurred and recorded as liabilities at fair value. Such obligations, which are initially estimated based on discounted cash flow estimates using level 3 inputs, are accreted to full value over time through charges to accretion expense. In addition, the asset retirement cost is capitalized as part of the asset’s carrying value and amortized over the life of the related asset. If the Company does not have a recorded value for the related asset, then the asset retirement cost is expensed as incurred. Asset retirement obligations are periodically adjusted to reflect changes in the estimated present value resulting from revisions to the estimated timing or amount of restoration and reclamation costs. As the Company completes its restoration and reclamation work at its properties, the liability is reduced by the carrying value of the related asset retirement liability which is based upon the percentage of completion of each restoration and reclamation activity. Any gain or loss upon settlement is charged to income or expense and is included as part of the Company’s mineral property expense for the period. The Company reviews and evaluates its asset retirement obligations annually or more frequently at interim periods if deemed necessary. Loss Per Share Basic loss per share is computed using the weighted-average number of shares outstanding during the period. Diluted loss per share is not presented as the effect on the basic loss per share would be anti-dilutive. At December 31, 2017 and 2016, we had 648,404 and 745,841, respectively, in potentially dilutive securities. Foreign Currency The functional currency for the companies recently acquired in the Anatolia Transaction was determined to be the U.S. dollar upon completion of the acquisition since our newly acquired foreign subsidiaries are direct and integral components of WWR and are dependent upon the economic environment of WWR’s functional currency. Accordingly, we have translated our monetary assets and liabilities at the period-end exchange rate and the non-monetary assets and liabilities at historical rates, with income and expenses translated at the average exchange rate for the current period. All translation gains and losses have been included in the current period loss. Recently Adopted 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. The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. Upon adopting ASU 2014-15, the Company prepared an annual assessment of its ability to continue as a going concern. 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 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 $0.3 million and $0.1 million from the investing activities section of the cash flow statement for years ended December 31, 2017 and 2016, respectively. Recently Issued Accounting Pronouncements 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 does not believe that the adoption of this guidance will have a material impact on our financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In May 2014, the FASB issued Accounting Standards Update (“ASU” 2014-09, “Revenue from Contracts with Customers (Topic 606).”

Liquidity

Liquidity	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity	2. LIQUIDITY At December 31, 2017, the Company had working capital of $3.9 million, which along with the anticipated funding from the financing agreements described below is expected to provide it with the necessary liquidity through March 31, 2019. At December 31, 2016, the Company had a working capital deficit of $4.2 million. The increase in working capital of $8.1 million for 2017 was primarily due to the following: ● the completion of three equity offerings in January 2017, February 2017 and September 2017 for net proceeds of $8.9 million, $4.5 million and $2.0 million respectively, as further described under “Recent Developments”; ● the completion of the sale of the Company’s wholly-owned subsidiary HRI to Laramide on January 5, 2017. Upon completion, the Company received $2.2 million in cash, a $5.0 million promissory note, of which $1.5 million was paid in January 2018, 2,218,333 shares of Laramide’s common stock which had a fair value of $0.9 million at December 31, 2017 and 2,218,333 common stock purchase warrants which had a fair value of $0.5 million at December 31, 2017. Details regarding this transaction are discussed in Note 4 to the accompanying condensed consolidated financial statements; and ● the repayment of the $5.5 million outstanding balance under the RCF Loan (discussed in Note 7 to the accompanying condensed consolidated financial statements.) Also during 2017, the Company entered into the following financing agreements and anticipates funding from these sources to sustain operations through March 31, 2019: ● Controlled Equity Offering Sales Agreement On April 14, 2017, the Company entered into the ATM Offering with 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 $30.0 million of which approximately $28.8 million is available for future sales as of March 1, 2018. The Company is unable to sell shares of its common stock through the ATM Offering on dates that it places shares with Aspire Capital through its CSPA, as discussed below. ● Common Stock Purchase Agreement On September 25, 2017, the Company entered into a CSPA with Aspire Capital to place up to $22.0 million in the aggregate of its common stock over a term of 30 months. Upon execution of the CSPA, the Company issued 880,000 shares of common stock to Aspire Capital as a commitment fee. The Company cannot sell in excess of 5,033,677 shares of common stock, the Exchange Cap, including the 880,000 commitment shares, unless (i) stockholder approval is obtained, or (ii) the average price paid for all shares issued under the CSPA (including the 880,000 commitment shares) is equal to or greater than $1.38. As of March 1, 2018, the Company has dollar capacity of $19.8 million of common stock available for future sales, limited to the current Exchange Cap of 2.6 million shares of common stock unless conditions (i) or (ii) above are met. See Note 10 to the accompanying consolidated financial statements for further details. The Company believes that the ATM Offering and the CSPA, along with its existing working capital balance, will provide it with the necessary liquidity to fund operations through March 31, 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.

Notes Receivable

Notes Receivable	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Notes Receivable	3. NOTES RECEIVABLE Alabama Graphite Corp. Note Receivable In conjunction with the proposed acquisition of with Alabama Graphite Corp., on December 13, 2017, the Company executed a secured convertible non-revolving line of credit agreement (the “Alabama Graphite Loan”), whereby the Company agreed to provide up to USD $2,000,000 to Alabama Graphite for the purpose of funding operations until the merger could be finalized. As of December 31, 2017, the Company has advanced $833,744 on the Loan for principal and accrued interest. Under the terms of the Alabama Graphite Loan, the maturity date was June 30, 2018 and it carries a 3% annual interest rate (payable in shares of Alabama Graphite or cash at the Company’s discretion). The Company can convert the Alabama Graphite Loan into shares of Alabama Graphite common stock at any time prior to the maturity date. Should the merger be terminated or in the event of a change of control, the Alabama Graphite Loan would become due and payable immediately. The Alabama Graphite Loan is secured against all the assets of Alabama Graphite Corp. and Alabama Graphite Company, Inc. Upon closing of the pending merger, the Alabama Graphite Loan will become part of the consideration paid for the acquisition and ultimately part of the purchase price allocation to the assets and liabilities of the acquired company. Due to the expected inclusion in the acquisition purchase price, it has been classified as a non-current asset at December 31, 2017. Laramide Note Receivable As part of the consideration for the sale of Hydro Resources, Inc., (discussed in Note 4 below), the Company holds a $5.0 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 payments of approximately $1.5 million are due and payable on January 5 in each of 2018 and 2019, with the balance of $2.0 million due and payable on January 5, 2020. Interest is payable on a quarterly basis, provided however that no interest will be payable until March 31, 2018. 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%. The following tables show the notes receivable, accrued interest and unamortized discount on the Company’s notes receivable as of December 31, 2017. The Company had no notes receivable at December 31, 2016. 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 Laramide made the first required principal payment 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.

Acquisitions and Disposals

Acquisitions and Disposals	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Acquisitions and Disposals	4. ACQUISITIONS AND DISPOSALS Acquisition of Lithium Properties On June 20, 2017, the Company acquired its third lithium exploration project through the staking of 9,270 acres of federal placer mining claims within the Railroad Valley of central Nevada. The Company incurred costs of $100,912 for the initial staking of these claims in 2017. During 2016, the Company staked approximately 11,200 acres of placer mining claims covering a prospective target for lithium-enriched brines in the Columbus Salt Marsh area of west-central Nevada. The target area, known as the Columbus Basin project, is situated within a region of known lithium mineralization and is located approximately 45 miles west of Tonopah, Nevada. Additionally, on March 24, 2017, the Company’s wholly owned subsidiary Lithium Holdings Nevada LLC entered into 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. The claims adjoin a portion of the Company’s current property holdings at its Columbus Basin project, expanding the project area within the basin to approximately 14,200 acres. The Company has the right to conduct exploration activities on the claims during the one-year option period. Under the option agreement, the Company may acquire the mineral property claims on or before March 24, 2018 in exchange for 200,000 shares of its common stock and a 1% NSR Royalty on the claims. The Company paid $75,000 for this option, which has been included as exploration expense for the Columbus Basin project. On September 21, 2016, the Company entered into the Mesa SPA with Mesa to acquire certain placer mining claims comprising the Sal Rica project. The target area is situated within a region of known brine-hosted lithium mineralization and is approximately 25 miles north of the town of Wendover, Utah. The Sal Rica project is comprised of approximately 9,900 acres of placer mining claims covering a prospective target for lithium-enriched brines. Additionally, subsequent to the purchase of these claims from Mesa, the Company staked an additional 3,360 acres of unpatented mining claims within the project area. Under the terms of the Mesa SPA, the Company acquired a 100% interest in the Sal Rica project, subject to a 2% NSR Royalty, for the following consideration: (i) $50,000 cash paid to Mesa at closing; (ii) 100,000 shares of the Company’s common stock at closing; and (iii) 100,000 shares of the Company’s common stock in October 2017. Disposal of Hydro Resources, Inc. On January 5, 2017, Laramide and the Company closed the sale of the Company’s wholly-owned subsidiary HRI, which holds the Churchrock and Crownpoint projects, pursuant to a Share Purchase Agreement (the “Laramide SPA”). Under the terms of the Laramide SPA, executed on April 7, 2016 and amended on December 5, 2016, the Company received the following consideration: ● $2.5 million in cash, of which $0.25 million was paid on October 21, 2016; ● 2,218,333 shares of Laramide common stock and 2,218,333 Laramide common stock purchase warrants. Each common stock purchase warrant entitles the Company to purchase one share of common stock of Laramide at a price of CDN$0.45 for a period of 60 months from the date of closing; ● a $5.0 million promissory note, secured by a mortgage over the 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 payments of approximately $1.5 million are due and payable on January 5 in each of 2018 and 2019, with the balance of $2.0 million due and payable on January 5, 2020. Interest is payable on a quarterly basis, provided however that no interest will be payable until March 31, 2018. 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; ● a retained 4.0% Net Smelter Return Royalty (“NSR Royalty”) on the Churchrock project, which royalty could have been repurchased by Laramide by January 5, 2018 for $4.95 million; and ● an option to purchase Laramide’s La Sal project for $3.0 million and an option to purchase its La Jara Mesa project for $5.0 million, both of which expired on January 5, 2018. Any such exercise by the Company will first result in a reduction of the principal amount due under the promissory note with any remaining portions of the purchase price to be paid in cash by the Company. The divestiture of HRI was accounted for as an asset disposal and the non-cash consideration received from Laramide was recorded at fair value. The fair value of the shares of Laramide common stock received was determined using the closing share price of Laramide’s stock on January 5, 2017. The fair value of the common stock purchase warrants was determined using the Black-Scholes method on April 27, 2017, which was the date that Laramide’s stockholders approved the issuance of the warrants. 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%. The Company did not record a separate fair value for the options as the exercise of the options would reduce the amount outstanding under the notes receivable. Due to the high degree of uncertainties surrounding future mine development and minerals prices, as well as limited marketability, the Company determined the fair value of the NSR Royalty to be nil. The following fair value amounts were recorded as the purchase consideration: (thousands of dollars) Fair Value Cash, less transaction costs $ 1,950 Laramide common stock 568 Laramide common stock purchase warrants 506 Notes receivable 3,501 Total consideration received $ 6,525 The fair value of the shares of Laramide’s common stock and common stock purchase warrants received were valued using Level 1 inputs of the fair value hierarchy and the fair value of the notes receivable was valued using Level 2 inputs, as defined in Note 1 above. The Company recorded the following gain on disposal of uranium properties within its Consolidated Statement of Operations: (thousands of dollars) Total consideration received $ 6,525 Carrying value of Churchrock project (2,123 ) Carrying value of other plant and equipment (31 ) Accounts payable 1 Asset retirement obligation 105 Royalty payable on Churchrock project 450 Gain on disposal of HRI $ 4,927

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	5. PROPERTY, PLANT AND EQUIPMENT Net Property, Plant and Equipment at December 31, 2017 (thousands of dollars) Turkey Texas New Mexico Corporate Net book value Uranium plant $ - $ 8,304 $ - $ - $ 8,304 Mineral rights and properties-Uranium 17,968 - 7,806 - 25,774 Other property, plant and equipment 11 1,109 - 211 1,331 Total net book value $ 17,979 $ 9,413 $ 7,806 $ 211 $ 35,409 Net Property, Plant and Equipment at December 31, 2016 (thousands of dollars) Turkey Texas New Mexico Corporate Net book value Uranium plant $ - $ 8,459 $ - $ - $ 8,459 Mineral rights and properties-Uranium 17,968 - 19,102 - 37,070 Other property, plant and equipment 22 1,224 - 141 1,387 Total net book value $ 17,990 $ 9,683 $ 19,102 $ 141 $ 46,916 Lithium Properties Railroad Valley project As discussed in Note 4 above, the Company staked approximately 9,270 acres of federal placer mining claims in June 2017 within the Railroad Valley of Central Nevada. We hold these claims through the payment of annual claim maintenance fees to the U.S. Bureau of Land Management. There are no royalty obligations associated with this project. Columbus Basin project As discussed in Note 4 above, the Company staked approximately 14,200 acres of unpatented placer mining claims in July and September 2016 in the Columbus Salt Marsh area of west-central Nevada. We hold these claims through the payment of annual claim maintenance fees to the U.S. Bureau of Land Management. There are no royalty obligations associated with this project. Sal Rica project As discussed in Note 4 above, the Company acquired approximately 9,900 acres of unpatented placer mining claims from Mesa. Additionally, subsequent to the purchase of these mining claims from Mesa, the Company staked an additional 3,360 acres of unpatented placer mining claims. We hold these claims through the payment of annual claim maintenance fees to the U.S. Bureau of Land Management. Additionally, the claims purchased from Mesa are subject to a 2% NSR royalty on future production. The remaining claims staked by the Company are not subject to any royalties or work commitments. Uranium Properties Temrezli project As discussed in Note 4 above, the Temrezli project was acquired as part of the Anatolia Transaction. The Company controls five licenses that make up the Temrezli project area that were granted to our Turkey-based subsidiary Adur Madencilik Ltd Sti. by the Turkish General Directorate of Mining Affairs. The granted licenses cover an area of about 13,490 acres. We hold these licenses through the payment of fees to the Turkish government and the fulfillment of certain physical work obligations on an annual basis. Uranium production from the licenses is subject to the payment of a sliding scale royalty, ranging from 2% to 16% depending upon the sales price of uranium, as defined by Turkish mining law. The sliding scale royalty payments are to be made to certain agencies of the local and Turkish governments. A further 1% royalty is payable to the General Directorate of Mining Affairs, who discovered the Temrezli uranium deposit. Kingsville Dome project The Kingsville Dome project consists of mineral leases from private landowners on about 2,434 gross and 2,227 net acres located in central Kleberg County, Texas. The leases are held through the payment of annual rents, and the lease provide for the payment of production royalties ranging from 6.25% to 9.375%, based upon uranium sales from the respective leases. The leases have expiration dates ranging from 2000 to 2007 however we continue to hold most of these leases through our ongoing restoration activities. With a few minor exceptions, the leases contain clauses that permit us to extend the leases not held by production by payment of an annual per acre royalty ranging from $10 to $30. We have paid such royalties on all material acreage. Rosita project The Rosita project consists of mineral leases from private landowners on about 2,759 gross and net acres located in north-central Duval County, Texas. The Rosita South property consists of mineral leases from private land owners on about 1,795 gross acres and 1,479 net acres located in Duval County near the Company’s Rosita project. The leases provide for the payment to the landowners of sliding scale royalties based on a percentage of uranium sales. Royalty percentages on average increase from 6.25% up to 18.25% when uranium prices reach $80.00 per pound. Under the terms of the leases, the lands can be held after the expiration of the primary and secondary terms, as long as are carrying out restoration and reclamation activities. The leases have primary and secondary terms ranging from 2012 to 2016, and provisions to extend the leases beyond the initial terms. We are holding these leases by payment of rentals ranging from $10 to $30 per acre. Vasquez project The Vasquez project is comprised of a mineral lease on 872 gross and net acres located in southwestern Duval County, in South Texas. The primary term expired in February 2008; however we hold the lease by carrying out restoration and reclamation activities. We pay an annual rental fee to the landowner and the lease provides for the payment to the landowner royalties based upon 6.25% of uranium sales below $25.00 per pound and royalty rate increases on a sliding scale up to 10.25% for uranium sales occurring at or above $40.00 per pound. Butler Ranch project The Butler Ranch project was acquired as part of the Company’s Asset Exchange Agreement with Rio Grande Resources Corporation in November 2014. The property is comprised of fee leases that cover an area of about 990 acres of mineral rights. We can hold the leases by payment of annual rental fees, ranging from $10 to $25 per acre. Each of the leases makes provision for the payment of royalties of 10% of sales to the property owners. Leases have initial terms of 8 to 10 years and have provisions to “hold by drilling” and identifying uranium mineralization on the specific properties. During 2017, all of the Butler Ranch mineral leases were up for renewal. Several land owners opted not to renew, resulting in a drop of acreage from approximately 1,542 to the current 990. Cebolleta project In connection with the merger of Neutron (and its wholly-owned subsidiary Cibola Resources LLC (“Cibola”)) we acquired the Cebolleta Lease with La Merced del Pueblo de Cebolleta (the “Cebolleta Land Grant”), a privately held land grant, to lease the Cebolleta project, which is composed of approximately 6,717 acres of fee (deeded) surface and mineral rights. The Cebolleta Lease was affirmed by the New Mexico District Court in Cibola County in April 2007. The Cebolleta Lease provides for: (i) a term of ten years and so long thereafter as Cibola is conducting operations on the Cebolleta property; (ii) initial payments to the Cebolleta Land Grant of $5,000,000; (iii) a recoverable reserve payment equal to $1.00 multiplied by the number of pounds of recoverable uranium reserves upon completion of a feasibility study to be completed within six years, less (a) the $5,000,000 referred to in (ii) above, and (b) not more than $1,500,000 in annual advance royalties previously paid pursuant to (iv); (iv) annual advanced royalty payments of $500,000; (v) gross proceeds royalties ranging from 4.50% to 8.00% based on the then current price of uranium; (vi) employment opportunities and job-skills training for the members of the Cebolleta Land Grant and (vii) funding of annual higher education scholarships for the members of the Cebolleta Land Grant. The Cebolleta Lease provides us with the right to explore for, mine, and process uranium deposits present on the Cebolleta project. In February 2012, we entered into an amendment of the Cebolleta Lease (the “Cebolleta Lease Amendment”) amending the Cebolleta Lease, subject to approval of the Thirteenth Judicial District. Pursuant to the Cebolleta Lease Amendment, the date for the completion of the feasibility study was extended from April 2013 to April 2016. In addition, the date has been further extended subject to a reduction in the $6,500,000 initial payment and annual advance royalty payments deductions to the recoverable reserve payment. The most recent negotiations have resulted in a reduction of the advance royalty payment to $350,000 for three years, after which the payments return to the prior formula. Additionally, and for the duration of the agreement, the requirement for a feasibility report has been removed, the reserve payment has been eliminated in favor of a single payment of $4.0 million upon commencement of production and the gross proceeds royalty has been fixed at 5.75%. Juan Tafoya project In connection with the merger with Neutron we acquired the fee interest in 4,097 acres in northwestern New Mexico of fee (deeded) surface and mineral rights owned by the Juan Tafoya Land Corporation (“JTLC”) and 24 leases with private owners of small tracts covering a combined area of 115 acres. The JTLC lease (the “JT Lease”) has a term of ten years, and it can be extended on a year-to-year basis thereafter, so long as we are conducting operations on the Juan Tafoya project. Additionally, the JT Lease required: (i) an initial payment to JTLC of $1,250,000; (ii) annual rental payments of $225,000 for the first five years of the lease and $337,500 for the second five years; (iii) after the second five years, annual base rent of $75 per acre; (iv) a gross proceeds royalty of 4.65% to 6.5% based on the prevailing price of uranium; (v) employment opportunities and job-skills training programs for shareholders of the JTLC or their heirs, (vi) periodic contributions to a community projects fund if mineral production commences from the Juan Tafoya project and (vii) funding of a scholarship program for the shareholders of the JTLC or their heirs. We are obligated to make the first ten years’ annual rental payments notwithstanding the right to terminate the JT Lease at any time, unless (a) the market value of uranium drops below $25 per pound, (b) a government authority bans uranium mining on the Juan Tafoya project, or (c) the project is deemed uneconomical by an independent engineering firm. The Company intends to negotiate with the JTLC on the terms for the continuation of the JT Lease. Our most recent negotiations, completed in the fall of 2017, allow for a reduction of advance royalty payments to $174,000 per annum for three years, after which they return to the original formula. Additionally, the gross proceeds royalty rate is fixed at 4% for the remainder of the agreement. Impairment of Property, Plant and Equipment The Company recorded the following impairment charges for 2017 and 2016 related to its uranium projects and processing facilities: For the years ended December 31, 2017 2016 (thousands of dollars) Kingsville Dome project $ 140 $ 160 Butler Ranch project - 579 Sejita Dome project - 534 Nell project - 209 Jack Pump project - 191 Cebolleta/Juan Tafoya project 11,296 - Total Impairment $ 11,436 $ 1,673 The significant assumptions used in determining the future cash flows for our uranium properties and uranium plant assets at December 31, 2017 included an average long-term U3O8 price of $41.34 per pound and average operating costs and capital expenditure costs based on third-party and internal cost estimates. Estimates and assumptions used to assess recoverability of our long-lived assets and measure fair value of our uranium properties are subject to risk uncertainty. Changes in these estimates and assumptions could result in the impairment of our long-lived assets. Events that could result in the impairment of our long-lived assets include, but are not limited to, decreases in the future U3O8 prices, decreases in the estimated recoverable minerals and any event that might otherwise have a material adverse effect on our costs. Existing proven and probable reserves and value beyond proven and probable reserves, including mineralization that is not part of the measured, indicated or inferred resource base, are included when determining the fair value of uranium properties upon acquisition and, subsequently, in determining whether the assets are impaired. The term “recoverable minerals” refers to the estimated amount of uranium that will be obtained after taking into account losses during processing and treatment. In estimating future cash flows, assets are grouped at the lowest level for which there is identifiable cash flows that are largely independent of future cash flows from other asset groups. The Company’s recorded impairment charge for 2017 of $11.3 million on its Cebolleta/Juan Tafoya project was the result of declining uranium prices as the carrying value exceeded the projects cash flows on an undiscounted and discounted basis. The net carrying value of the Cebolleta/Juan Tafoya project after impairment is $7.8 million at December 31, 2017. The Company’s recorded impairment charge for 2017 and 2016 of $0.1 million and $0.2 million, respectively, on its Kingsville Dome project was due to the physical deterioration of its processing plant equipment resulting from the plant’s idled status and its proximity to the Texas coastline. The Company’s recorded impairment charge for 2016 of $0.6 million on its Butler Ranch project was the result of declining uranium prices. During 2016, the carrying value exceeded the projects cash flows on an undiscounted and discounted basis. As a result, the entire carrying value of the Butler Ranch project was written to nil as it was determined that the entire investment was unrecoverable. The Company’s recorded impairment charges for 2016 of $0.5 million on its Sejita Dome project, $0.2 million on its Nell project and $0.2 million on its Jack Pump project were the result of WWR’s Board of Directors and management determining that exploration results indicated that these projects should be terminated. Mineral Property Expenses During the years ending December 31, 2017 and 2016, the Company’s mineral property expenses were $4.6 million and $3.2 million, respectively. Included within mineral property costs are standby costs for our three idled South Texas ISR projects along with holding, exploration and evaluation costs for all properties. The Company spent the following amounts for each of its material properties: For the year ended December 31, 2017 2016 (thousands of dollars) Temrezli project, Turkey $ 261 $ 498 Total Turkey projects 261 498 Kingsville Dome project, Texas 810 779 Rosita project, Texas 590 402 Vasquez project, Texas 572 461 Butler Ranch project, Texas 21 12 Other projects, Texas 50 94 Total Texas projects 2,043 1,748 Crownpoint project, New Mexico - 5 Churchrock project, New Mexico - 20 Cebolleta project, New Mexico 538 138 Juan Tafoya project, New Mexico 528 47 Other projects, New Mexico 14 5 Total New Mexico projects 1,080 215 Columbus Basin project, Nevada 866 232 Railroad Valley, Nevada 238 - Other projects, Nevada 3 31 Total Nevada projects 1,107 263 Sal Rica project, Utah 93 524 Total Utah projects 93 524 Total expense for the period $ 4,584 $ 3,248

Convertible Loan

Convertible Loan	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Convertible Loan	6. CONVERTIBLE LOAN 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 $15.0 million to the Company, which was subsequently amended on April 29, 2014 to reduce the amount available thereunder from $15.0 million to $8.0 million. The Company exchanged $2.5 million in principal for its common shares in December 2016 and repaid the remaining $5.5 million outstanding under the RCF Loan on February 9, 2017. No further obligations remain under the RCF Loan following the repayment. As a result of the repayment, the Company recorded a loss of $39,000 on the extinguishment of debt which represented the difference between the principal amount of $5.5 million and the carrying value of the RCF Loan on the date of repayment.

Asset Retirement Obligation

Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation	7. ASSET RETIREMENT OBLIGATION The Company’s mining and exploration activities are subject to various state and federal law and regulations governing the protection of the environment. The Company conducts its operations to protect public health and the environment and believes its operations are in compliance with the applicable laws and regulations in all material respects. The Company has made, and expects to make in the future, expenditures to comply with such laws and regulations, but cannot predict the full amount of such future expenditures. Estimated future restoration and reclamation costs are based principally on legal and regulatory requirements. Changes to the Company’s asset retirement obligation are summarized below: December 31, 2017 December 31, 2016 (thousands of dollars) Balance, beginning of period $ 4,789 $ 4,468 Liabilities settled (97 ) (54 ) Accretion expense 1,039 480 Balance, end of period 5,731 4,894 Less: Included in liabilities held for sale - (105 ) Less: Current portion (1,078 ) (121 ) Non-current portion $ 4,653 $ 4,668 As of December 31, 2017, the Company’s asset retirement obligation was fully secured by surety bonds totaling $9.1 million, which were partially collateralized with restricted cash totaling $3.7 million.

Other Long-Term Liabilities

Other Long-Term Liabilities	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	8. OTHER LONG-TERM LIABILITIES Other long-term liabilities and deferred credits on the balance sheet consisted of: December 31, 2017 2016 (thousands of dollars) Royalties payable(1) $ 500 $ 500 $ 500 $ 500 (1) Royalties payable were derived during prior years of production. Liabilities do not accrue interest or have a stated maturity date.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Stockholders' Equity	9. STOCKHOLDERS’ EQUITY Common Stock Issued, Net of Issuance Costs Confidentially Marketed Public Offering On January 19, 2017, the Company completed a registered public offering for net proceeds of $8.9 million. The Company sold 1,399,140 shares of common stock at a price of $2.01 per share and 3,426,731 pre-funded warrants at a price of $2.00 per warrant. The warrants have an exercise price of $0.01. All of the pre-funded warrants have been exercised. Registered Direct Offering On February 16, 2017, the Company completed a registered direct offering for net proceeds of $4.5 million with Aspire Capital whereby Aspire Capital purchased 2,100,000 shares of common stock at a price of $1.58 and 748,101 pre-funded common stock purchase warrants at a price of $1.57. The warrants have an exercise price of $0.01 per share and a term of three years. All of the pre-funded warrants have been exercised. Controlled Equity Offering Sales Agreement 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, which shares are registered under a registration statement on Form S-3, which was declared effective on March 9, 2017. The Company pays Cantor a commission equal to 2.5% of the gross proceeds from the sale of any shares pursuant to the ATM Offering. As of March 1, 2018, the Company had sold 812,723 shares of common stock for net proceeds of $1.2 million under the ATM Offering. As a result, the Company had approximately $28.8 million remaining available for future sales under the ATM Offering. The Company’s previous ATM Offering with BTIG LLC (the “ATM Sales Agreement”) was fully utilized as of December 31, 2016. Common Stock Purchase Agreement 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. The Company will control the timing and amount of sales to Aspire Capital, and at a price based on market prices at that time. As consideration for Aspire Capital entering into the purchase agreement, the Company issued 880,000 shares of its common stock to Aspire Capital. The shares of common stock subject to the CSPA were registered pursuant to the Company’s effective shelf registration statement on Form S-3. The parties terminated the April 8, 2016 CSPA with Aspire Capital upon entering into the September 25, 2017 CSPA. 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 proceeds of $2.0 million. Additionally, on December 14, 2017, Aspire purchased 150,000 shares of common stock for which the Company received proceeds of $0.2 million. There were no other sales of common stock pursuant to the CSPA and as of March 01, 2018, $19.8 million of the aggregate $22.0 million remained available for future sales under the CSPA. Common Stock Issued for Investor Relations Fees On February 28, 2017, the Company issued 150,000 shares with a fair market value of $0.3 million or $2.00 per share as partial consideration for investor relations services that will be provided to the Company over the ensuing 12 months. Reverse Stock Split Immediately following the close of trading on March 7, 2016, the Company effected a one-for-twelve reverse stock split of its common stock. With the reverse stock split, every twelve shares of the Company’s issued and outstanding common stock were combined into one issued and outstanding share of common stock. The reverse stock split reduced the number of shares outstanding from approximately 61.8 million shares to approximately 5.2 million shares. In addition, effective upon the reverse stock split, the number of authorized shares of the Company’s common stock was reduced from 200 million to 100 million. The reverse stock split did not have any effect on the par value of the Company’s common stock. No fractional shares were issued as a result of the reverse stock split. Any fractional shares that would have resulted were settled in cash. All share data herein has been retroactively adjusted for the reverse stock split. Registered Direct Offerings On February 3, 2016, WWR and Aspire Capital entered into a stock purchase agreement whereby WWR sold 296,666 shares of its common stock in a registered direct offering for gross and net proceeds of $0.8 million. There were no underwriting discounts or placement agent fees. On April 4, 2016, WWR and Aspire Capital completed a registered direct offering whereby WWR sold 375,000 shares of its common stock at a price of $2.17 per share and 200,000 pre-funded common stock purchase warrants at a price of $2.16 per warrant, which was paid at closing. Gross proceeds from the offering were $1.2 million, including $0.4 million from the sale of the pre-funded warrants. The warrants have an exercise price of $0.01 per share and a term of three years. On June 3, 2016, Aspire Capital exercised all outstanding common stock purchase warrants and the Company issued 200,000 shares of common stock to Aspire Capital as a result. Option Agreement On February 3, 2016, the Company issued 75,000 shares of common stock, with a fair value on the date of issuance of $0.3 million, to Aspire Capital as consideration for Aspire Capital entering into an option agreement (the “Option Agreement”) by which Aspire Capital granted the Company the right at any time or times prior to April 30, 2017 to require Aspire Capital to enter into up to two common stock purchase agreements, each having a term of up to 24 months and collectively requiring Aspire Capital to purchase up to $10 million in the aggregate of our common stock at such times and in such amounts as elected by the Company under the terms of the option agreement. The parties terminated the Option Agreement upon entering into the CSPA. Common Stock Issued for Extinguishment of Debt As discussed in Note 7, above, on December 5, 2016 the Company issued 2,487,562 shares of its common stock to Esousa in exchange for the retirement of $2.5 million in principal of the Company’s RCF Loan. The exchange was accounted for as an inducement and resulted in the Company recording a $5.8 million increase to additional paid in capital. This $5.8 million increase represents the $2.5 million principal amount that was extinguished and the $3.3 million loss recorded upon the extinguishment of the debt. Common Stock Issued for RCF Loan Interest and Fees As discussed in Note 6 above, unless RCF elects to receive cash, RCF receives common shares of the Company for the payment of interest owing on the RCF Loan. For the year ended December 31, 2016, the Company issued 38,086 shares of common stock for the payment of $0.2 million in accrued interest and fees. On December 5, 2016, the Company issued 44,914 shares to Esousa for the payment of interest owing on the $2.5 million in principal amount of the RCF Loan that Esousa purchased from RCF. The fair value of the shares issued was $61,981 which has been included in interest expense. Common Stock Issued for Purchase of Lithium Properties As discussed in Note 5, above, the Company entered into the Mesa SPA on September 21, 2016 to acquire certain placer mining claims comprising the Sal Rica project. Under the terms of the Mesa SPA, the Company issued 100,000 shares of common stock with a fair value of $0.1 million to Mesa upon closing which occurred on October 19, 2016. Common Stock Issued for fees related to the Anatolia Transaction On January 8, 2016, the Company issued 117,097 shares of common stock with a fair market value per share of $6.00 in satisfaction of $0.7 million in required termination payments related to the Anatolia Transaction. On June 30, 2016, the Company issued 47,229 shares of common stock with a fair market value per share of $1.60 in satisfaction of $0.1 million in fees related to the Anatolia Transaction. On August 1, 2016, the Company issued 50,665 shares of common stock with a fair market value per share of $1.42 in satisfaction of $0.1 million in required termination payments related to the Anatolia Transaction.

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Dec. 31, 2017
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 2007 Restricted Stock Plan (the “2007 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 1,000,000 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. As of December 31, 2017, 561,232 shares of common stock were available for future issuances under the 2013 Plan. For the years ended December 31, 2017 and 2016, the Company recorded stock-based compensation cost of $0.1 million and $0.2 million, respectively, which has been included in general and administrative expense. In addition, upon completion of the Anatolia Transaction, the Company issued 374,749 replacement options and performance shares to the option holders and performance shareholders of Anatolia Energy. 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 Anatolia Transaction. As of December 31, 2017, there were 90,828 replacement options outstanding. Bonus Shares In March 2016, in accordance with the Company’s 2013 Plan, the Company awarded its executives bonuses that were paid out in common stock of the Company. The bonus shares were valued using the closing share price of the Company’s common stock on the date of grant. The bonus shares vested immediately and had a grant date fair value of $0.3 million. Stock Options Stock options are valued using the Black-Scholes option pricing model on the date of grant. The Company estimates forfeitures based on historical trends. There were no stock option grants during 2016. The following table summarizes stock options outstanding and changes during the years ended December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Number of Stock Options Weighted Average Exercise Price Number of Stock Options Weighted Average Exercise Price Stock options outstanding at beginning of period 110,828 $ 18.24 326,424 $ 24.89 Granted 189,164 1.40 - - Expired (13,818 ) 50.88 (210,872 ) 19.13 Canceled or forfeited - - (4,724 ) 438.89 Stock options outstanding at end of period 286,174 $ 5.53 110,828 $ 18.24 Stock options exercisable at end of period 97,010 $ 13.59 110,723 $ 18.22 The following table summarizes stock options outstanding and exercisable by stock option plan at December 31, 2017: Outstanding Stock Options Exercisable Stock Options Stock Option Plan Number of Stock Options Outstanding Weighted Average Exercise Price Number of Stock Options Exercisable Weighted Average Exercise Price 2004 Plan 4,792 $ 35.14 4,792 $ 35.14 2004 Directors’ Plan 973 317.14 973 317.14 2013 Plan 189,581 1.48 417 35.88 Replacement Stock Options 90,828 9.09 90,828 9.09 286,174 $ 5.53 97,010 $ 13.59 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 Committee 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 years ending December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Number of RSUs Weighted- Average Grant Date Fair Value Number of RSUs Weighted- Average Grant Date Fair Value Unvested RSUs at beginning of period 8,649 $ 43.71 32,699 $ 34.25 Granted 304,064 1.40 - - Forfeited (34,845 ) 5.72 (7,627 ) 34.61 Vested (98,971 ) 2.50 (16,423 ) 29.09 Unvested RSUs at end of period 178,897 $ 1.40 8,649 $ 43.71 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 performance as determined by the Committee at each vesting date, and the valuation of such grants assumes full satisfaction of all performance criteria. Employee participants who receive restricted stock awards have all of the rights of a shareholder, including the right to vote shares of restricted stock that are the subject of the grant and the right to receive any regular cash dividends paid out of current earnings. The following table summarizes RSA activity during the years ended December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Number of RSAs Weighted- Average Grant Date Fair Value Number of RSAs Weighted- Average Grant Date Fair Value Unvested RSAs at beginning of period - $ - 1,366 $ 40.01 Forfeited - - (410 ) 44.84 Vested - - (956 ) 37.94 Unvested RSAs at end of period - $ - - $ -

Federal Income Taxes

Federal Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Federal Income Taxes	11. FEDERAL INCOME TAXES The Company recognizes future tax assets and liabilities for each tax jurisdiction based on the difference between the financial reporting and tax bases of assets and liabilities using the enacted tax rates expected to be in effect when the taxes are paid or recovered. A valuation allowance is provided against net future tax assets for which the Company does not consider the realization of such assets to meet the required “more likely than not” standard. The Company’s future tax assets and liabilities at December 31, 2017 and 2016 include the following components: December 31, 2017 2016 (thousands of dollars) Deferred tax assets: Non-Current: Net operating loss carryforwards $ 56,781 $ 85,995 Mineral properties 7,237 10,152 Accrued vacation 17 29 Reclamation provision 224 41 Capital loss carryforwards 1,013 618 Restoration reserves 980 1,623 Capitalized transaction costs 912 1,140 Other 4,123 4,072 Deferred tax assets 71,287 103,670 Valuation allowance (68,121 ) (99,548 ) Net deferred tax assets 3,166 4,122 Deferred tax liabilities: Non-Current: Derivatives (590 ) (956 ) Mineral properties, Turkey (1,437 ) (1,489 ) Securities (106 ) - Property, plant and equipment (1,033 ) (1,677 ) Deferred tax liabilities (3,166 ) (4,122 ) Net deferred tax asset (liability) $ - $ - The composition of our valuation allowance by tax jurisdiction is summarized as follows: December 31, 2017 2016 (thousands of dollars) United States $ 60,920 $ 92,448 Australia 5,187 5,187 Turkey 2,014 1,913 Total valuation allowance $ 68,121 $ 99,548 The valuation allowance decreased $31.4 million from the year ended December 31, 2016 to the year ended December 31, 2017. There was an increase in the net deferred tax assets, primarily net operating loss carryforwards (“NOLs”), equity-based compensation and exploration spending on mineral properties. The decrease in net deferred tax assets resulted primarily from expiring US state net operating loss carryforwards and from US tax legislation signed into law on December 22, 2017. The Tax Cuts and Jobs Act (TCJA) reduced the US corporate tax rate to 21% for tax years beginning after December 31, 2017, resulting in a decrease in the net deferred tax assets. Because we do not believe it is more likely than not that the net deferred tax assets will be realized, we continue to record a 100% valuation against the net deferred tax assets. At December 31, 2017, we had U.S. net operating loss carryforwards of approximately $245 million, which expire from 2018 to 2037. As a result of the TCJA legislation, U.S. net operating losses generated in years ending after 2017 have an indefinite carryforward rather than the previous 20-year carryforward. This does not impact losses incurred in years ended in 2017 or earlier. The U.S. net operating loss carryforward included approximately $32.8 million in net operating loss carryforwards associated with the Neutron merger. At December 31, 2017, we had U.S. capital loss carryforwards of approximately $1.9 million, which expire from 2021 to 2022. In addition, at December 31, 2017, we had Australian net operating loss carryforwards of $13.5 million, including approximately $13.3 million associated with the Anatolia Transaction, which are available indefinitely, subject to continuing to meet relevant statutory tests, and net operating loss carryforwards in Turkey of approximately $1.7 million, which expire from 2018 to 2021. Section 382 of the Internal Revenue Code could apply and limit our ability to utilize a portion of the U.S. net operating loss carryforwards. Following the issuance of the Company’s Common Stock in 2001, the Neutron merger in 2012 and the Anatolia Transaction in 2015, the ability to utilize the net operating loss carryforwards will be severely limited on an annual and aggregate basis. A formal Section 382 study is in process; however, the actual usage of US net operating loss carryforwards has not been determined. Similar limitations apply to the state net operating loss carryforwards related to the Neutron acquisition. For financial reporting purposes, loss from operations before income taxes consists of the following components: For the calendar year ended December 31, 2017 2016 (thousands of dollars) United States $ (18,782 ) $ (18,798 ) Australia (1 ) (158 ) Turkey (505 ) (649 ) $ (19,288 ) $ (19,605 ) A reconciliation of expected income tax on net income at statutory rates is as follows: Year ended December 31, 2017 2016 (thousands of dollars) Net loss $ (19,288 ) $ (19,605 ) Statutory tax rate 34 % 34 % Tax recovery at statutory rate (6,558 ) (6,666 ) Foreign tax rate 71 2,073 Change in US tax rates 37,233 - Mineral property adjustments - (6,709 ) Capital loss carryforward adjustment (44 ) - Operating loss carryforward adjustment 710 6,707 Nondeductible write-offs 15 1,250 Change in valuation allowance (31,427 ) 3,345 Income tax expense (recovery) $ - $ - We do not have any uncertain tax positions. Should we incur interest and penalties relating to tax uncertainties, such amounts would be classified as a component of the interest expense and operating expense, respectively. Westwater Resources, Inc., and its wholly owned subsidiaries, files in the U.S. federal jurisdiction and various state jurisdictions. Anatolia Energy Limited and Anatolia Uranium Pty Ltd file in the Australian jurisdiction and Adur Madencilik files in the Turkish jurisdiction. The years still open for U.S. audit are generally the current year plus the previous three. However, because we have NOLs carrying forward, certain items attributable to closed tax years are still subject to adjustment by applicable taxing authorities through an adjustment to tax losses carried forward to open years. Certain 2016 amounts have been reclassified to conform to the 2017 presentation.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. COMMITMENTS AND CONTINGENCIES Environmental Considerations 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 compliant with current environmental regulations. Sales Contracts In March 2006, the Company first amended its sales contracts with Itochu Corporation (“Itochu”) and UG U.S.A., Inc. (“UG”) that superseded the previously existing contracts. Each contract provides for delivery of one- half of our actual production from our properties in Texas currently owned or hereafter acquired by the Company (excluding two specifically identified large ranch properties in South Texas). Uranium deliveries from the inception of the contracts through December 31, 2016 have totaled approximately 510,000 pounds to Itochu and 480,000 pounds to UG.

Geographic and Segment Informat

Geographic and Segment Information	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Geographic and Segment Information	13. GEOGRAPHIC AND SEGMENT INFORMATION We currently operate in two reportable segments, which are uranium and lithium 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 and lithium properties. At December 31, 2017, the long-term assets located in the United States totaled $24 million or 58% of our total long-term assets of $42 million. We reported no revenues during the years ended December 31, 2017 and 2016. 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 segment has not been provided because the information is not used to assess performance. Non-mining activities and other administrative operations are reported in the Corporate column. The table below provides a breakdown of the long-term assets by geographic segments: December 31, 2017 (thousands of dollars) Corporate Uranium Lithium 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 December 31, 2016 (thousands of dollars) Corporate Uranium Lithium Total Net property, plant and equipment $ 141 $ 46,775 $ - $ 46,916 Restricted cash - 3,964 - 3,964 Long-term assets held for sale - 2,123 - 2,123 Total long-term assets $ 141 $ 52,862 $ - $ 53,003 The following table provides a breakdown of our operating results by geographic segments for the years ended December 31, 2017 and 2016. All intercompany transactions have been eliminated. Year Ended December 31, 2017 (thousands of dollars) Corporate Uranium Lithium Total Statement of Operations Mineral property expenses $ - $ 3,383 $ 1,201 $ 4,584 General and administrative 4,783 1,831 - 6,614 Acquisition related expenses 1,003 - - 1,003 Accretion of asset retirment costs - 1,039 - 1,039 Depreciation and amortization 5 137 - 142 Impairment of Uranium properties - 11,436 - 11,436 5,791 17,826 1,201 24,818 Loss from operations (5,791 ) (17,826 ) (1,201 ) (24,818 ) Other income (expense) 585 4,944 1 5,530 Loss before taxes $ (5,206 ) $ (12,882 ) $ (1,200 ) $ (19,288 ) Year Ended December 31, 2016 (thousands of dollars) Corporate Uranium Lithium Total Statement of Operations Mineral property expenses $ - $ 2,441 $ 807 $ 3,248 General and administrative 5,573 2,077 - 7,650 Accretion of asset retirment costs - 480 - 480 Depreciation and amortization 8 239 - 247 Impairment of Uranium properties - 1,673 - 1,673 5,581 6,910 807 13,298 Loss from operations (5,581 ) (6,910 ) (807 ) (13,298 ) Other income (expense) (6,339 ) 32 - (6,307 ) Loss before taxes $ (11,920 ) $ (6,878 ) $ (807 ) $ (19,605 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	14. SUBSEQUENT EVENTS Alabama Graphite Corp. Acquisition On December 13, 2017, the Company announced that it had entered into a definitive agreement (the “Arrangement Agreement”) with Alabama Graphite Corp. (“Alabama Graphite”), a corporation listed on the TSX Venture Exchange in Toronto (Canada), pursuant to which it is proposed that WWR will acquire all the issued and outstanding securities of Alabama Graphite (the “Acquisition”). The Acquisition will be by way of a court-approved Plan of Arrangement pursuant to the Business Corporations Act (British Columbia) whereby each issued and outstanding share of Alabama Graphite will be purchased by WWR in exchange for 0.08 of one WWR common share. Holders of common share purchase warrants and stock options of Alabama Graphite will receive replacement warrants and options issued by WWR. Upon the closing of this transaction the current shareholders of Alabama Graphite will hold approximately 30% of the issued and outstanding shares of WWR. In addition, on December 13, 2017, the Company agreed to provide a secured loan to Alabama Graphite for up to US$2.0 million to fund Alabama Graphite’s working capital, to pay outstanding trade accounts payable and to provide sufficient operating funds to enable Alabama Graphite to carry on its business until the closing of the Acquisition. The secured loan bears interest at the rate of 3% per annum, is secured by the assets of Alabama Graphite and its subsidiary and is convertible into common shares of Alabama Graphite at WWR’s election using a conversion price of $0.0878, which was determined by calculating the volume-weighted average price (“VWAP”) of the Common Shares for the five trading days immediately following the initial public announcement of the Acquisition (which occurred on December 13, 2017). As of March 1, 2018, the Company has advanced approximately US $1.3 million on the secured Alabama Graphite loan. Should the Arrangement Agreement be terminated, the secured loan will become payable on June 30, 2018; however, if Alabama Graphite withdraws its support for the Acquisition and recommends a competing transaction, the secured loan becomes repayable immediately. The Arrangement Agreement remains subject to various shareholder and regulatory approvals.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Change in Corporate Name	Change in Corporate Name Effective August 21, 2017, the Company changed its name from “Uranium Resources, Inc.” to “Westwater Resources, Inc.” The name change was made pursuant to Section 242 of the Delaware General Corporation Law and did not affect the rights of the Company’s security holders.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S.”) and include the accounts of WWR and its wholly-owned subsidiaries. All significant intercompany transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the U.S. (“US GAAP”) requires management to make certain estimates and assumptions. Such estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The most significant estimates included in the preparation of the financial statements are related to asset retirement obligations; stock-based compensation; derivative liabilities and asset impairment, including estimates used to derive future cash flows or market value associated with those assets.
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. We maintain cash deposits in excess of federally insured limits. We monitor the soundness of the financial institution and believe the risk is negligible.
Available-for-Sale Investments	Available-for-Sale Investments We determine the appropriate classification of our investments at the time of purchase and re-evaluate such determinations each reporting date. Marketable equity securities are categorized as available-for-sale and carried at fair market value on the Balance Sheet. Unrealized gains and losses are included as a component of accumulated other comprehensive loss, unless an other-than-temporary impairment in value has occurred in which case the unrealized loss would be charged to current period loss as an impairment charge. Unrealized gains and losses originally included in accumulated other comprehensive income are reclassified to current period net loss when the sale of securities occurs or when a security is impaired.
Property, Plant and Equipment	Property, Plant and Equipment Facilities and Equipment Expenditures for new facilities or equipment and expenditures that extend the useful lives of existing facilities or equipment are capitalized and recorded at cost. The facilities and equipment are amortized using the units of production method. During the periods that our facilities are not in production, depreciation of our facilities and equipment is suspended as the assets are not in service. Mineral Properties Mineral rights acquisition costs are capitalized when incurred, and exploration costs are expensed as incurred. When we determine that a mineral right can be economically developed in accordance with U.S. GAAP, the costs then incurred to develop such property will be capitalized. During the periods that our facilities are not in production, depletion of our mineral interests, permits, licenses and development properties is suspended as the assets are not in service. If mineral properties are subsequently abandoned or impaired, any non-depleted costs will be charged to loss in that period. Other Property, Plant and Equipment Other property, plant and equipment consisted of corporate office equipment, furniture and fixtures and transportation equipment. Depreciation on other property is computed based upon the estimated useful lives of the assets. Repairs and maintenance costs are expensed as incurred. Gain or loss on disposal of such assets is recorded as other income or expense as such assets are disposed.
Asset Impairment	Asset Impairment The Company reviews and evaluates its long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. Impairment is considered to exist if the total estimated future cash flows on an undiscounted basis are less than the carrying amount of the assets. An impairment loss is measured and recorded based on discounted estimated future cash flows or upon an estimate of fair value that may be received in an exchange transaction. Future cash flows are estimated based on quantities of recoverable minerals, expected uranium prices, production levels and operating costs of production and capital, based upon the projected remaining future uranium production from each project. Existing proven and probable reserves and value beyond proven and probable reserves, including mineralization that is not part of the measured, indicated or inferred resource base, are included when determining the fair value of mine site reporting units at acquisition and, subsequently, in determining whether the assets are impaired. The term “recoverable minerals” refers to the estimated amount of uranium that will be obtained after taking into account losses during processing and treatment. In estimating future cash flows, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of future cash flows from other asset groups. The Company’s estimates of future cash flows are based on numerous assumptions and it is likely that actual future cash flows will be significantly different than the estimates, as actual future quantities of recoverable minerals, uranium prices, production levels and operating costs of production and availability and cost of capital are each subject to significant risks and uncertainties.
Assets Held for Sale	Assets held for sale The Company considers assets to be held for sale when management approves and commits to a formal plan to actively market the assets for sale at a price reasonable in relation to fair value, the asset is available for immediate sale in its present condition, an active program to locate a buyer and other actions required to complete the sale have been initiated, the sale of the asset is expected to be completed within one year and it is unlikely that significant changes will be made to the plan. Upon designation as held for sale, the Company records the carrying value of the assets at the lower of its carrying value or its estimated fair value, less costs to sell.
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. For the years ended December 31, (thousands of dollars) 2017 2016 Cash and cash equivalents $ 4,054 $ 3,309 Restricted cash - pledged deposits for performance bonds 3,668 3,964 Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 7,722 $ 7,273 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 our South Texas production properties.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Our financial instruments consist of cash equivalents, restricted cash and short-term investments. U.S. GAAP defines “fair value” as the price that would be received to sell an asset or be 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 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. ● Level 2 — Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data by correlation or other means. ● Level 3 — Prices or valuation techniques requiring inputs that are both significant to the fair-value measurement and unobservable. The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company continually monitors its positions with, and the credit quality of, the financial institutions with which it invests. Periodically throughout the year, the Company has maintained balances in various U.S. operating accounts in excess of U.S. federally insured limits. The following table presents information about financial instruments recognized at fair value on a recurring basis as of December 31, 2017 and 2016, and indicates the fair value hierarchy: 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 December 31, 2016 (thousands of dollars) Level 1 Level 2 Level 3 Total Non-current Assets Restricted cash 3,964 - - 3,964 Total assets recorded at fair value $ 3,964 $ - $ - $ 3,964
Asset Retirement Obligations	Asset Retirement Obligations Various federal and state mining laws and regulations require the Company to reclaim the surface areas and restore underground water quality for its ISR projects to the pre-existing or background average quality after the completion of mining. Asset retirement obligations, consisting primarily of estimated restoration and reclamation costs at the Company’s South Texas ISR projects, are recognized in the period incurred and recorded as liabilities at fair value. Such obligations, which are initially estimated based on discounted cash flow estimates using level 3 inputs, are accreted to full value over time through charges to accretion expense. In addition, the asset retirement cost is capitalized as part of the asset’s carrying value and amortized over the life of the related asset. If the Company does not have a recorded value for the related asset, then the asset retirement cost is expensed as incurred. Asset retirement obligations are periodically adjusted to reflect changes in the estimated present value resulting from revisions to the estimated timing or amount of restoration and reclamation costs. As the Company completes its restoration and reclamation work at its properties, the liability is reduced by the carrying value of the related asset retirement liability which is based upon the percentage of completion of each restoration and reclamation activity. Any gain or loss upon settlement is charged to income or expense and is included as part of the Company’s mineral property expense for the period. The Company reviews and evaluates its asset retirement obligations annually or more frequently at interim periods if deemed necessary.
Loss Per Share	Loss Per Share Basic loss per share is computed using the weighted-average number of shares outstanding during the period. Diluted loss per share is not presented as the effect on the basic loss per share would be anti-dilutive. At December 31, 2017 and 2016, we had 648,404 and 745,841, respectively, in potentially dilutive securities.
Foreign Currency	Foreign Currency The functional currency for the companies recently acquired in the Anatolia Transaction was determined to be the U.S. dollar upon completion of the acquisition since our newly acquired foreign subsidiaries are direct and integral components of WWR and are dependent upon the economic environment of WWR’s functional currency. Accordingly, we have translated our monetary assets and liabilities at the period-end exchange rate and the non-monetary assets and liabilities at historical rates, with income and expenses translated at the average exchange rate for the current period. All translation gains and losses have been included in the current period loss.
Recently Adopted Accounting Pronouncements	Recently Adopted 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. The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. Upon adopting ASU 2014-15, the Company prepared an annual assessment of its ability to continue as a going concern. 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 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 $0.3 million and $0.1 million from the investing activities section of the cash flow statement for years ended December 31, 2017 and 2016, respectively.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements 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 does not believe that the adoption of this guidance will have a material impact on our financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In May 2014, the FASB issued Accounting Standards Update (“ASU” 2014-09, “Revenue from Contracts with Customers (Topic 606).”

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
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. For the years ended December 31, (thousands of dollars) 2017 2016 Cash and cash equivalents $ 4,054 $ 3,309 Restricted cash - pledged deposits for performance bonds 3,668 3,964 Cash, cash equivalents and restricted cash shown in the statement of cash flows $ 7,722 $ 7,273
Schedule of Financial Instruments Recognized at Fair Value on Recurring Basis	The following table presents information about financial instruments recognized at fair value on a recurring basis as of December 31, 2017 and 2016, and indicates the fair value hierarchy: 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 December 31, 2016 (thousands of dollars) Level 1 Level 2 Level 3 Total Non-current Assets Restricted cash 3,964 - - 3,964 Total assets recorded at fair value $ 3,964 $ - $ - $ 3,964

Notes Receivable (Tables)

Notes Receivable (Tables)	12 Months Ended
	Dec. 31, 2017
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 December 31, 2017. The Company had no notes receivable at December 31, 2016. 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

Acquisitions and Disposals (Tab

Acquisitions and Disposals (Tables)	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Schedule of Fair Value of Purchase Consideration	The following fair value amounts were recorded as the purchase consideration: (thousands of dollars) Fair Value Cash, less transaction costs $ 1,950 Laramide common stock 568 Laramide common stock purchase warrants 506 Notes receivable 3,501 Total consideration received $ 6,525
Schedule of Gain on Disposal of Properties	The Company recorded the following gain on disposal of uranium properties within its Consolidated Statement of Operations: (thousands of dollars) Total consideration received $ 6,525 Carrying value of Churchrock project (2,123 ) Carrying value of other plant and equipment (31 ) Accounts payable 1 Asset retirement obligation 105 Royalty payable on Churchrock project 450 Gain on disposal of HRI $ 4,927

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Net Property, Plant and Equipment at December 31, 2017 (thousands of dollars) Turkey Texas New Mexico Corporate Net book value Uranium plant $ - $ 8,304 $ - $ - $ 8,304 Mineral rights and properties-Uranium 17,968 - 7,806 - 25,774 Other property, plant and equipment 11 1,109 - 211 1,331 Total net book value $ 17,979 $ 9,413 $ 7,806 $ 211 $ 35,409 Net Property, Plant and Equipment at December 31, 2016 (thousands of dollars) Turkey Texas New Mexico Corporate Net book value Uranium plant $ - $ 8,459 $ - $ - $ 8,459 Mineral rights and properties-Uranium 17,968 - 19,102 - 37,070 Other property, plant and equipment 22 1,224 - 141 1,387 Total net book value $ 17,990 $ 9,683 $ 19,102 $ 141 $ 46,916
Summary of Impairment Expense by Project	The Company recorded the following impairment charges for 2017 and 2016 related to its uranium projects and processing facilities: For the years ended December 31, 2017 2016 (thousands of dollars) Kingsville Dome project $ 140 $ 160 Butler Ranch project - 579 Sejita Dome project - 534 Nell project - 209 Jack Pump project - 191 Cebolleta/Juan Tafoya project 11,296 - Total Impairment $ 11,436 $ 1,673
Schedule of Mineral Property Expenses	The Company spent the following amounts for each of its material properties: For the year ended December 31, 2017 2016 (thousands of dollars) Temrezli project, Turkey $ 261 $ 498 Total Turkey projects 261 498 Kingsville Dome project, Texas 810 779 Rosita project, Texas 590 402 Vasquez project, Texas 572 461 Butler Ranch project, Texas 21 12 Other projects, Texas 50 94 Total Texas projects 2,043 1,748 Crownpoint project, New Mexico - 5 Churchrock project, New Mexico - 20 Cebolleta project, New Mexico 538 138 Juan Tafoya project, New Mexico 528 47 Other projects, New Mexico 14 5 Total New Mexico projects 1,080 215 Columbus Basin project, Nevada 866 232 Railroad Valley, Nevada 238 - Other projects, Nevada 3 31 Total Nevada projects 1,107 263 Sal Rica project, Utah 93 524 Total Utah projects 93 524 Total expense for the period $ 4,584 $ 3,248

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	12 Months Ended
	Dec. 31, 2017
Asset Retirement Obligation Disclosure [Abstract]
Summary of Asset Retirement Obligation	Changes to the Company’s asset retirement obligation are summarized below: December 31, 2017 December 31, 2016 (thousands of dollars) Balance, beginning of period $ 4,789 $ 4,468 Liabilities settled (97 ) (54 ) Accretion expense 1,039 480 Balance, end of period 5,731 4,894 Less: Included in liabilities held for sale - (105 ) Less: Current portion (1,078 ) (121 ) Non-current portion $ 4,653 $ 4,668

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	12 Months Ended
	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Schedule of Other Long-Term Liabilities and Deferred Credits	Other long-term liabilities and deferred credits on the balance sheet consisted of: December 31, 2017 2016 (thousands of dollars) Royalties payable(1) $ 500 $ 500 $ 500 $ 500 (1) Royalties payable were derived during prior years of production. Liabilities do not accrue interest or have a stated maturity date.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Options Outstanding	The following table summarizes stock options outstanding and changes during the years ended December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Number of Stock Options Weighted Average Exercise Price Number of Stock Options Weighted Average Exercise Price Stock options outstanding at beginning of period 110,828 $ 18.24 326,424 $ 24.89 Granted 189,164 1.40 - - Expired (13,818 ) 50.88 (210,872 ) 19.13 Canceled or forfeited - - (4,724 ) 438.89 Stock options outstanding at end of period 286,174 $ 5.53 110,828 $ 18.24 Stock options exercisable at end of period 97,010 $ 13.59 110,723 $ 18.22
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 December 31, 2017: Outstanding Stock Options Exercisable Stock Options Stock Option Plan Number of Stock Options Outstanding Weighted Average Exercise Price Number of Stock Options Exercisable Weighted Average Exercise Price 2004 Plan 4,792 $ 35.14 4,792 $ 35.14 2004 Directors’ Plan 973 317.14 973 317.14 2013 Plan 189,581 1.48 417 35.88 Replacement Stock Options 90,828 9.09 90,828 9.09 286,174 $ 5.53 97,010 $ 13.59
Summary of Status of Non-Vested Restricted Shares	The following table summarizes RSU activity for the years ending December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Number of RSUs Weighted- Average Grant Date Fair Value Number of RSUs Weighted- Average Grant Date Fair Value Unvested RSUs at beginning of period 8,649 $ 43.71 32,699 $ 34.25 Granted 304,064 1.40 - - Forfeited (34,845 ) 5.72 (7,627 ) 34.61 Vested (98,971 ) 2.50 (16,423 ) 29.09 Unvested RSUs at end of period 178,897 $ 1.40 8,649 $ 43.71
Summary of Restricted Stock Awards	The following table summarizes RSA activity during the years ended December 31, 2017 and 2016: December 31, 2017 December 31, 2016 Number of RSAs Weighted- Average Grant Date Fair Value Number of RSAs Weighted- Average Grant Date Fair Value Unvested RSAs at beginning of period - $ - 1,366 $ 40.01 Forfeited - - (410 ) 44.84 Vested - - (956 ) 37.94 Unvested RSAs at end of period - $ - - $ -

Federal Income Taxes (Tables)

Federal Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Future Tax Assets and Liabilities	The Company’s future tax assets and liabilities at December 31, 2017 and 2016 include the following components: December 31, 2017 2016 (thousands of dollars) Deferred tax assets: Non-Current: Net operating loss carryforwards $ 56,781 $ 85,995 Mineral properties 7,237 10,152 Accrued vacation 17 29 Reclamation provision 224 41 Capital loss carryforwards 1,013 618 Restoration reserves 980 1,623 Capitalized transaction costs 912 1,140 Other 4,123 4,072 Deferred tax assets 71,287 103,670 Valuation allowance (68,121 ) (99,548 ) Net deferred tax assets 3,166 4,122 Deferred tax liabilities: Non-Current: Derivatives (590 ) (956 ) Mineral properties, Turkey (1,437 ) (1,489 ) Securities (106 ) - Property, plant and equipment (1,033 ) (1,677 ) Deferred tax liabilities (3,166 ) (4,122 ) Net deferred tax asset (liability) $ - $ -
Schedule of Valuation Allowance by Tax Jurisdiction	The composition of our valuation allowance by tax jurisdiction is summarized as follows: December 31, 2017 2016 (thousands of dollars) United States $ 60,920 $ 92,448 Australia 5,187 5,187 Turkey 2,014 1,913 Total valuation allowance $ 68,121 $ 99,548
Schedule of Loss From Operations Before Income Taxes	For financial reporting purposes, loss from operations before income taxes consists of the following components: For the calendar year ended December 31, 2017 2016 (thousands of dollars) United States $ (18,782 ) $ (18,798 ) Australia (1 ) (158 ) Turkey (505 ) (649 ) $ (19,288 ) $ (19,605 )
Schedule of Reconciliation of Expected Income Tax on Net Income at Statutory Rates	A reconciliation of expected income tax on net income at statutory rates is as follows: Year ended December 31, 2017 2016 (thousands of dollars) Net loss $ (19,288 ) $ (19,605 ) Statutory tax rate 34 % 34 % Tax recovery at statutory rate (6,558 ) (6,666 ) Foreign tax rate 71 2,073 Change in US tax rates 37,233 - Mineral property adjustments - (6,709 ) Capital loss carryforward adjustment (44 ) - Operating loss carryforward adjustment 710 6,707 Nondeductible write-offs 15 1,250 Change in valuation allowance (31,427 ) 3,345 Income tax expense (recovery) $ - $ -

Geographic and Segment Inform30

Geographic and Segment Information (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Non-mining activities and other administrative operations are reported in the Corporate column. The table below provides a breakdown of the long-term assets by geographic segments: December 31, 2017 (thousands of dollars) Corporate Uranium Lithium 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 December 31, 2016 (thousands of dollars) Corporate Uranium Lithium Total Net property, plant and equipment $ 141 $ 46,775 $ - $ 46,916 Restricted cash - 3,964 - 3,964 Long-term assets held for sale - 2,123 - 2,123 Total long-term assets $ 141 $ 52,862 $ - $ 53,003 The following table provides a breakdown of our operating results by geographic segments for the years ended December 31, 2017 and 2016. All intercompany transactions have been eliminated. Year Ended December 31, 2017 (thousands of dollars) Corporate Uranium Lithium Total Statement of Operations Mineral property expenses $ - $ 3,383 $ 1,201 $ 4,584 General and administrative 4,783 1,831 - 6,614 Acquisition related expenses 1,003 - - 1,003 Accretion of asset retirment costs - 1,039 - 1,039 Depreciation and amortization 5 137 - 142 Impairment of Uranium properties - 11,436 - 11,436 5,791 17,826 1,201 24,818 Loss from operations (5,791 ) (17,826 ) (1,201 ) (24,818 ) Other income (expense) 585 4,944 1 5,530 Loss before taxes $ (5,206 ) $ (12,882 ) $ (1,200 ) $ (19,288 ) Year Ended December 31, 2016 (thousands of dollars) Corporate Uranium Lithium Total Statement of Operations Mineral property expenses $ - $ 2,441 $ 807 $ 3,248 General and administrative 5,573 2,077 - 7,650 Accretion of asset retirment costs - 480 - 480 Depreciation and amortization 8 239 - 247 Impairment of Uranium properties - 1,673 - 1,673 5,581 6,910 807 13,298 Loss from operations (5,581 ) (6,910 ) (807 ) (13,298 ) Other income (expense) (6,339 ) 32 - (6,307 ) Loss before taxes $ (11,920 ) $ (6,878 ) $ (807 ) $ (19,605 )

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Potentially dilutive securities	648,404	745,841

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Schedule of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
Cash and cash equivalents	$ 4,054	$ 3,309
Restricted cash - pledged deposits for performance bonds	3,668	3,964
Cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 7,722	$ 7,273	$ 4,891

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Schedule of Financial Instruments Recognized at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Short-term available-for-sale investments	$ 1,361
Total current assets recorded at fair value	1,361
Restricted cash	3,668	$ 3,964
Total assets recorded at fair value	3,668	3,964
Fair Value, Inputs, Level 1 [Member]
Short-term available-for-sale investments	1,361
Total current assets recorded at fair value	1,361
Restricted cash	3,668	3,964
Total assets recorded at fair value	3,668	3,964
Fair Value, Inputs, Level 2 [Member]
Short-term available-for-sale investments
Total current assets recorded at fair value
Restricted cash
Total 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 assets recorded at fair value

Liquidity (Details Narrative)

Liquidity (Details Narrative) - USD ($)	Sep. 25, 2017	Apr. 14, 2017	Feb. 16, 2017	Jan. 19, 2017	Jan. 05, 2017	Dec. 31, 2017	Feb. 28, 2017	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Working capital						$ 3,900,000			$ 3,900,000	$ 4,200,000
Increase in working capital									8,100,000
Net proceeds from direct offering				$ 8,900,000		2,000,000	$ 4,500,000	$ 8,900,000
Number of common stock issued				1,399,140
Number of common shares issued value									15,321,000	$ 13,949,000
Aspire Capital Fund LLC [Member]
Net proceeds from direct offering	$ 22,000,000		$ 4,500,000
Number of common stock issued	880,000		2,100,000
Common Stock Purchase Agreement [Member] | Aspire Capital Fund LLC [Member]
Number of common stock shares issued to commitment fee	880,000
Common Stock Purchase Agreement [Member] | Aspire Capital Fund LLC [Member] | Maximum [Member]
Available for future sales	$ 22,000,000
Sale of common stock shares	5,033,677
Common Stock Purchase Agreement [Member] | Aspire Capital Fund LLC [Member] | Minimum [Member]
Average price per shares issued	$ 1.38
March 1, 2018 [Member] | Common Stock Purchase Agreement [Member] | Aspire Capital Fund LLC [Member]
Available for future sales						19,800,000			$ 19,800,000
Number of common stock shares limited to current Exchange Cap									2,600
ATM Offering [Member]
Net proceeds from direct offering		$ 30,000,000
Number of common stock issued		812,723
RCF Loan [Member]
Repayment of debt									$ 5,500,000
Laramide Resources Ltd [Member]
Cash balance						2,200,000			2,200,000
Promissory debt						$ 5,000,000			$ 5,000,000
Number of common stock issued					2,218,333				2,218,333
Number of common shares issued value									$ 900,000
Warrant to purchase of common stock					2,218,333	2,218,333			2,218,333
Fair value of warrants									$ 500,000
Laramide Resources Ltd [Member] | January 2018 [Member]
Repayment of debt									$ 1,500,000
Cantor Fitzgerald & Co [Member] | ATM Offering [Member]
Net proceeds from direct offering		$ 30,000,000
Cantor Fitzgerald & Co [Member] | ATM Offering [Member] | March 1, 2018 [Member]
Available for future sales		$ 28,800,000

Notes Receivable (Details Narra

Notes Receivable (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 13, 2017
Laramide Resources Ltd [Member]
Debt interest rate	5.00%
Promissory debt	$ 5,000,000
Debt instrument, term	3 years
Cash receipts discounted at market rate	9.50%
Number of issuance of common shares	1,982,483
Laramide Resources Ltd [Member] | January 5, 2018 [Member]
Debt principal amount due	$ 1,500,000
Laramide Resources Ltd [Member] | January 5, 2019[Member]
Debt principal amount due	1,500,000
Laramide Resources Ltd [Member] | January 5, 2020 [Member]
Debt principal amount due	2,000,000
Laramide Resources Ltd [Member] | January 2018[Member]
Debt principal amount due	$ 750,000
Maximum [Member] | Laramide Resources Ltd [Member]
Debt interest rate	10.00%
Alabama Graphite [Member]
Debt instrument fair value of principal and accrued interest	$ 833,744
Debt maturity date	Jun. 30, 2018
Debt interest rate	3.00%
Alabama Graphite [Member] | Maximum [Member]
Secured loan		$ 2,000,000

Notes Receivable - Schedule of

Notes Receivable - Schedule of Notes Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Note Amount, current	$ 1,500
Plus Accrued interest, current	250
Less Unamortized Note Discount, current
Note Balance per Balance Sheet, current	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	3,328
Note Amount, current and non-current	5,832
Plus Accrued interest, current and non-current	251
Less Unamortized Note Discount, current and non-current	(1,005)
Note Balance per Balance Sheet, current and non-current	5,078
Notes Receivable Laramide [Member]
Note Amount, current	1,500
Plus Accrued interest, current	250
Less Unamortized Note Discount, current
Note Balance per Balance Sheet, current	1,750
Note Amount, non-current	3,500
Plus Accrued interest, non-current
Less Unamortized Note Discount, non-current	(1,005)
Note Balance per Balance Sheet, non-current	2,495
NotesReceivable - 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

Acquisitions and Disposals (Det

Acquisitions and Disposals (Details Narrative)	Oct. 31, 2017shares	Jun. 20, 2017USD ($)a	Mar. 24, 2017USD ($)ashares	Jan. 19, 2017$ / sharesshares	Jan. 05, 2017USD ($)shares	Oct. 21, 2016USD ($)	Sep. 21, 2016USD ($)ashares	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)a	Jan. 05, 2017CAD / shares
Area of land | a		9,270
Common stock issued for purchase of lithium properties		$ 100,912,000						$ 110,000	$ 132,000
Number of common stock issued | shares				1,399,140
Warrant purchase price per share | $ / shares				$ 0.01
Churchrock Project [Member]
Percentage of NSR royalty					4.00%
Laramide's La Sal Project [Member]
Number of option purchase					$ 3,000,000
Option expire date					Jan. 5, 2018
La Jara Mesa Project [Member]
Number of option purchase					$ 5,000,000
Option expire date					Jan. 5, 2018
Laramide Resources Ltd [Member]
Cash acquired						$ 250,000
Cash						$ 2,500,000
Number of common stock issued | shares					2,218,333			2,218,333
Warrant to purchase of common stock | shares					2,218,333			2,218,333
Debt instrument, term								3 years
Percentage of debt interest rate								5.00%
Promissory note due date description						Principal payments of approximately $1.5 million are due and payable on January 5 in each of 2018 and 2019, with the balance of $2.0 million due and payable on January 5, 2020.
Cash receipts discounted at market rate								9.50%
Laramide Resources Ltd [Member] | January 5, 2018 [Member]
Debt principal amount due								$ 1,500,000
Laramide Resources Ltd [Member] | January 5, 2019[Member]
Debt principal amount due								1,500,000
Laramide Resources Ltd [Member] | January 5, 2020 [Member]
Debt principal amount due								$ 2,000,000
Laramide Resources Ltd [Member] | January 5, 2018 [Member]
Repurchase of royalty cost					$ 4,950,000
Laramide Resources Ltd [Member] | Maximum [Member]
Percentage of debt interest rate								10.00%
Laramide Resources Ltd [Member] | Churchrock Project [Member]
Promissory note secured by mortgage over the projects					$ 5,000,000
Debt instrument, term					3 years
Percentage of debt interest rate					5.00%
Laramide Resources Ltd [Member] | Churchrock Project [Member] | Maximum [Member]
Percentage of debt interest rate					10.00%
Laramide Resources Ltd [Member] | CDN [Member]
Warrant purchase price per share | CAD / shares										CAD 0.45
Lithium Holdings Nevada LLC [Member]
Area of land | a			14,200
Area of unpatented mining claims | a			3,000
Common stock issued for purchase of lithium properties, shares | shares			200,000
Percentage of NSR royalty			1.00%
Exploration expense			$ 75,000,000
Columbus Salt Marsh [Member]
Area of land | a									11,200
Mesa SPA [Member]
Area of land | a							9,900
Area of unpatented mining claims | a							3,360
Common stock issued for purchase of lithium properties, shares | shares	100,000						100,000
Percentage of NSR royalty							2.00%
Percentage of acquisition of outstanding securities							100.00%
Cash acquired							$ 50,000

Acquisitions And Disposals - Sc

Acquisitions And Disposals - Schedule of Fair Value of Purchase Consideration (Details) $ in Thousands	Dec. 31, 2017USD ($)
Total consideration received	$ 6,525
Cash, Less Transaction Costs [Member]
Total consideration received	1,950
Laramide Common Stock [Member]
Total consideration received	568
Laramide Common Stock Purchase Warrants [Member]
Total consideration received	506
Notes Receivable [Member]
Total consideration received	$ 3,501

Acquisitions And Disposal - Sch

Acquisitions And Disposal - Schedule of Gain on Disposal of Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Business Combinations [Abstract]
Total consideration received	$ 6,525
Carrying value of Churchrock project	(2,123)
Carrying value of other plant and equipment	(31)
Accounts payable	1
Asset retirement obligation	105
Royalty payable on Churchrock project	450
Gain on disposal of HRI	$ 4,927

Property, Plant and Equipment40

Property, Plant and Equipment (Details Narrative) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)a$ / shares	Dec. 31, 2016USD ($)	Jun. 20, 2017a
Property, Plant and Equipment [Line Items]
Area of land | a			9,270
Average long term price of asset | $ / shares	$ 41.34
Asset impairment charges	$ 11,436	$ 1,673
Drop of Acreage [Member]
Property, Plant and Equipment [Line Items]
Net area on mineral leases | a	1,542
General Directorate [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalty, ranging	1.00%
Railroad Valley Project [Member] | June [Member]
Property, Plant and Equipment [Line Items]
Area of land | a	9,270
Columbus Basin Project [Member] | July and September 2016 [Member]
Property, Plant and Equipment [Line Items]
Area of land | a	14,200
Sal Rica Project [Member]
Property, Plant and Equipment [Line Items]
Area of land | a	9,900
Area of unpatented mining claims | a	3,360
Percentage of NSR royalty	2.00%
Temrezli Project [Member]
Property, Plant and Equipment [Line Items]
Granted licenses cover area | a	13,490
Temrezli Project [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalty, ranging	2.00%
Temrezli Project [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalty, ranging	16.00%
Kingsville Dome Project [Member]
Property, Plant and Equipment [Line Items]
Gross area on mineral leases | a	2,434
Net area on mineral leases | a	2,227
Asset impairment charges	$ 100	200
Kingsville Dome Project [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	6.25%
Annual per acre royalty payable | $ / shares	$ 10
Kingsville Dome Project [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	9.375%
Annual per acre royalty payable | $ / shares	$ 30
Rosita Project [Member]
Property, Plant and Equipment [Line Items]
Gross area on mineral leases | a	2,759
Net area on mineral leases | a	2,759
Rosita South Property [Member]
Property, Plant and Equipment [Line Items]
Gross area on mineral leases | a	1,795
Net area on mineral leases | a	1,479
Rosita [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	6.25%
Annual per acre royalty payable | $ / shares	$ 10
Rosita [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	18.25%
Annual per acre royalty payable | $ / shares	$ 30
Mineral sales price per pound | $ / shares	$ 80
Vasquez Project [Member]
Property, Plant and Equipment [Line Items]
Gross area on mineral leases | a	872
Net area on mineral leases | a	872
Vasquez Project [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	6.25%
Mineral sales price per pound | $ / shares	$ 25
Vasquez Project [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	10.25%
Mineral sales price per pound | $ / shares	$ 40
Butler Ranch Exploration Project [Member]
Property, Plant and Equipment [Line Items]
Net area on mineral leases | a	990
Butler Ranch Exploration Project [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Annual per acre royalty payable | $ / shares	$ 10
Lease term	8 years
Butler Ranch Exploration Project [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	10.00%
Annual per acre royalty payable | $ / shares	$ 25
Lease term	10 years
Cebolleta Property [Member]
Property, Plant and Equipment [Line Items]
Area of land | a	6,717
Lease term	10 years
Initial payments per lease agreement	$ 5,000
Amount used in the calculation of recoverable reserve payment per unit	1
Royalty payable	$ 1,500
Annual advance royalties previously paid	500
Reduction in advanced royalty payment	350
Payment on commencement of production	$ 4,000
Fixed royalty percentage	5.75%
Cebolleta Property [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	4.50%
Cebolleta Property [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	8.00%
Feasibility study term	6 years
Annual advance royalties previously paid	$ 5,000
Amount of deduction to recoverable reserve payment	$ 6,500
Juan Tafoya Property [Member]
Property, Plant and Equipment [Line Items]
Area of land | a	115
Lease term	10 years
Initial payments per lease agreement	$ 250
Reduction in advanced royalty payment	$ 174
Fixed royalty percentage	4.00%
Area of land in mineral fee interest acquired | a	4,097
Annual base rent per acre | $ / shares	$ 75
Reduction of market value per pound | $ / shares	$ 25
Juan Tafoya Property [Member] | First Five Year [Member]
Property, Plant and Equipment [Line Items]
Annual rental payments	$ 225
Juan Tafoya Property [Member] | Second Five Year [Member]
Property, Plant and Equipment [Line Items]
Annual rental payments	$ 337
Juan Tafoya Property [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	4.65%
Juan Tafoya Property [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Percentage of royalties on lease of sales	6.50%
Cebolleta/Juan Tafoya Property [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 11,296
Carrying value impairment	7,800
Butler Ranch Project [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges		579
Sejita Dome Project [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges		534
Nell Project [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges		209
Jack Pump Project [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges		191
Mineral Property [Member]
Property, Plant and Equipment [Line Items]
Mineral property expenses	$ 4,600	$ 3,200

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Net property, plant and equipment	$ 35,409	$ 46,916
Turkey [Member]
Net property, plant and equipment	17,979	17,990
Texas [Member]
Net property, plant and equipment	9,413	9,683
New Mexico [Member]
Net property, plant and equipment	7,806	19,102
Corporate [Member]
Net property, plant and equipment	211	141
Uranium Plant [Member]
Net property, plant and equipment	8,304	8,459
Uranium Plant [Member] | Turkey [Member]
Net property, plant and equipment
Uranium Plant [Member] | Texas [Member]
Net property, plant and equipment	8,304	8,459
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 Uranium [Member]
Net property, plant and equipment	25,774	37,070
Mineral Rights and Properties Uranium [Member] | Turkey [Member]
Net property, plant and equipment	17,968	17,968
Mineral Rights and Properties Uranium [Member] | Texas [Member]
Net property, plant and equipment
Mineral Rights and Properties Uranium [Member] | New Mexico [Member]
Net property, plant and equipment	7,806	19,102
Mineral Rights and Properties Uranium [Member] | Corporate [Member]
Net property, plant and equipment
Other Property Plant and Equipment [Member]
Net property, plant and equipment	1,331	1,387
Other Property Plant and Equipment [Member] | Turkey [Member]
Net property, plant and equipment	11	22
Other Property Plant and Equipment [Member] | Texas [Member]
Net property, plant and equipment	1,109	1,224
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	$ 211	$ 141

Property, Plant and Equipment42

Property, Plant and Equipment - Summary of Impairment Expense by Project (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Total Impairment	$ 11,436	$ 1,673
Kingsville Dome Project [Member]
Total Impairment	140	160
Butler Ranch Project [Member]
Total Impairment		579
Sejita Dome Project [Member]
Total Impairment		534
Nell Project [Member]
Total Impairment		209
Jack Pump Project [Member]
Total Impairment		191
Cebolleta/Juan Tafoya Property [Member]
Total Impairment	$ 11,296

Property, Plant and Equipment43

Property, Plant and Equipment - Schedule of Mineral Property Expenditures (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Total expense for the period	$ 4,584	$ 3,248
Temrezli Project, Turkey [Member]
Total expense for the period	261	498
Total Turkey Projects [Member]
Total expense for the period	261	498
Kingsville Dome Project, Texas [Member]
Total expense for the period	810	779
Rosita Project, Texas [Member]
Total expense for the period	590	402
Vasquez Project, Texas [Member]
Total expense for the period	572	461
Butler Ranch Project, Texas [Member]
Total expense for the period	21	12
Other Projects, Texas [Member]
Total expense for the period	50	94
Total Texas Projects [Member]
Total expense for the period	2,043	1,748
Crownpoint Project, New Mexico [Member]
Total expense for the period		5
Churchrock Project, New Mexico [Member]
Total expense for the period		20
Cebolleta Project, New Mexico [Member]
Total expense for the period	538	138
Juan Tafoya Project, New Mexico [Member]
Total expense for the period	528	47
Other Projects New Mexico [Member]
Total expense for the period	14	5
Total New Mexico Projects [Member]
Total expense for the period	1,080	215
Columbus Basin Project, Nevada [Member]
Total expense for the period	866	232
Railroad Valley, Neveda[Member]
Total expense for the period	238
Other Projects, Nevada [Member]
Total expense for the period	3	31
Total Nevada Projects [Member]
Total expense for the period	1,107	263
Sal Rica Project, Utah [Member]
Total expense for the period	93	524
Total Utah Projects [Member]
Total expense for the period	$ 93	$ 524

Convertible Loan (Details Narra

Convertible Loan (Details Narrative) - USD ($) $ in Thousands	Feb. 09, 2017	Apr. 29, 2014	Nov. 13, 2013	Dec. 31, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
Loss on extinguishment of debt				$ (39)	$ (3,322)
Resource Capital Fund V LP [Member]
Line of Credit Facility [Line Items]
Debt instrument face amount					$ 2,500
Repayment of convertible debt	$ 5,500		$ 5,500
Loss on extinguishment of debt			39
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 15,000
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Maximum [Member] | Loan Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit fee available		$ 15,000
Resource Capital Fund V LP [Member] | Secured Convertible Loan Facility [Member] | Minimum [Member] | Loan Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit fee available		$ 8,000

Asset Retirement Obligation (De

Asset Retirement Obligation (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Asset retirement obligation current	$ 1,078	$ 121
Rosita Project [Member]
Asset retirement obligation current	9,200
Collateralized with restricted cash	$ 3,700

Asset Retirement Obligations -

Asset Retirement Obligations - Summary of Asset Retirement Obligation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]
Balance, beginning of period	$ 4,894	$ 4,468
Liabilities settled	(97)	(54)
Accretion expense	1,039	480
Balance, end of period	5,731	4,894
Less: Included in liabilities held for sale		(105)
Less: Current portion	(1,078)	(121)
Non-current Portion	$ 4,653	$ 4,668

Other Long-Term Liabilities and

Other Long-Term Liabilities and Deferred Credits - Schedule of Other Long-Term Liabilities and Deferred Credits (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Other long-term liabilities and deferred credits		$ 500	$ 500
Royalties Payable [Member]
Other long-term liabilities and deferred credits	[1]	$ 500	$ 500
[1]	Royalties payable were derived during prior years of production. Liabilities do not accrue interest or have a stated maturity date.

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Dec. 14, 2017	Sep. 27, 2017	Sep. 25, 2017	Apr. 14, 2017	Feb. 28, 2017	Feb. 16, 2017	Jan. 19, 2017	Dec. 05, 2016	Dec. 05, 2016	Oct. 19, 2016	Aug. 01, 2016	Jun. 30, 2016	Apr. 04, 2016	Mar. 07, 2016	Feb. 03, 2016	Jan. 08, 2016	Dec. 31, 2017	Feb. 28, 2017	Jan. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Jun. 03, 2016
Proceeds from direct offering							$ 8,900,000										$ 2,000,000	$ 4,500,000	$ 8,900,000
Number of common stock issued							1,399,140
Sale of stock price per share							$ 2.01
Number of warrants issued for common stock							3,426,731
Prefunded warrants price per share							$ 2
Warrant purchase price per share							$ 0.01
Proceeds from common stock																				$ 16,535,000	$ 14,472,000
Number of common stock issued value																				$ 15,321,000	$ 13,949,000
Reverse stock split description														Immediately following the close of trading on March 7, 2016, the Company effected a one-for-twelve reverse stock split of its common stock. With the reverse stock split, every twelve shares of the Company’s issued and outstanding common stock were combined into one issued and outstanding share of common stock.
Reverse stock split number of authorized shares																	100,000,000			100,000,000	100,000,000
Common stock issued for extinguishment of debt, value																				$ 325,000	$ 850,000
Loss on extinguishment of the debt																				$ (39,000)	$ (3,322,000)
Mesa SPA [Member]
Sale of common stock, units										100,000
Fair value of shares issued										$ 100,000
RCF Loan [Member]
Common stock issued for extinguishment of debt								2,487,562													38,086
Common stock issued for extinguishment of debt, value								$ 2,500,000													$ 200,000
Induced conversion of debt								5,800,000
Extinguishment of debt amount								2,500,000
Loss on extinguishment of the debt								$ 3,300,000
Esousa [Member]
Common stock issued for extinguishment of debt									44,914
Common stock issued for extinguishment of debt, value									$ 2,500,000
Fair value of shares issued									$ 61,981
Anatolia [Member]
Share issued price per share											$ 1.42	$ 1.60				$ 6
Number of shares issued for fees related during the period											50,665	47,229				117,097
Number of shares issued for fees related during the period value											$ 100,000	$ 100,000				$ 700,000
Registered Direct Offerings [Member]
Proceeds from direct offering													$ 1,200,000		$ 800,000
Sale of stock price per share													$ 2.17
Number of warrants issued for common stock													200,000									200,000
Prefunded warrants price per share													$ 2.16
Warrant purchase price per share													$ 0.01
Sale of common stock, units													375,000		296,666
Proceeds from issuance of warrants													$ 400,000
Warrant exercisable term													3 years
Maximum [Member]
Reverse stock split reduced number of shares														61,800,000
Reverse stock split number of authorized shares														200,000,000
Minimum [Member]
Reverse stock split reduced number of shares														5,200,000
Reverse stock split number of authorized shares														100,000,000
Investor [Member]
Number of common stock issued					150,000
Number of common stock issued value					$ 300,000
Share issued price per share					$ 2													$ 2
Option Agreement [Member] | Aspire Capital [Member]
Sale of common stock, units															75,000
Proceeds from sales of common stock															$ 300,000
Payments to acquire common stock															$ 10,000,000
ATM Offering [Member]
Proceeds from direct offering				$ 30,000,000
Number of common stock issued				812,723
Commission percentage				2.50%
Proceeds from common stock				$ 120,000
Available for future sales				$ 2,880,000
Aspire Capital Fund LLC [Member]
Proceeds from direct offering			$ 22,000,000			$ 4,500,000
Number of common stock issued			880,000			2,100,000
Sale of stock price per share						$ 1.58
Number of warrants issued for common stock						748,101
Prefunded warrants price per share						$ 1.57
Warrant purchase price per share						$ 0.01
Warrants expiration term						3 years
Aspire Capital Fund LLC [Member] | Common Stock Purchase Agreement [Member]
Proceeds from common stock	$ 200,000	$ 2,000,000
Number of common stock purchased	150,000	1,428,571
Aspire Capital Fund LLC [Member] | Common Stock Purchase Agreement [Member] | Maximum [Member]
Sale of common stock, units			5,033,677
Aspire Capital Fund LLC [Member] | Common Stock Purchase Agreement [Member] | Minimum [Member]
Share issued price per share			$ 1.38
Aspire Capital Fund LLC [Member] | March 01, 2018 [Member] | Common Stock Purchase Agreement [Member]
Available for future sales	$ 19,800,000
Remained available future sales	$ 22,000,000

Stock Based Compensation (Detai

Stock Based Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jul. 18, 2017	Jan. 19, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 100	$ 200
Sale of stock price per share					$ 2.01
Number of replacement options outstanding		90,828
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
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		561,232
Bonus shares vested grant date fair value	$ 300
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		1,000,000		1,000,000
Stock option vesting period		10 years

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Stock Options Outstanding (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of stock options outstanding, Beginning of period	110,828	326,424
Number of stock options outstanding, Granted	189,164
Number of stock options outstanding, Expired	(13,818)	(210,872)
Number of stock options outstanding, Cancelled or forfeited		(4,724)
Number of stock options outstanding, End of period	286,174	110,828
Number of stock options outstanding, Exercisable	97,010	110,723
Weighted average exercise price, Beginning of period	$ 18.24	$ 24.89
Weighted average exercise price, Granted	1.40
Weighted average exercise price, Expired	50.88	19.13
Weighted average exercise price, Cancelled or forfeited		438.89
Weighted average exercise price, End of period	5.53	18.24
Weighted average exercise price, Exercisable	$ 13.59	$ 18.22

Stock Based Compensation - Su51

Stock Based Compensation - Summary of Stock Options Outstanding and Exercisable by Stock Option Plan (Details) - $ / shares	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Outstanding Stock Options, Number of Options Outstanding	286,174	110,828	326,424
Outstanding Stock Options, Weighted Average Exercise Price	$ 5.53	$ 18.24	$ 24.89
Exercisable Stock Options Exercisable, Number of Options Exercisable	97,010	110,723
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 13.59	$ 18.22
2004 Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	4,792
Outstanding Stock Options, Weighted Average Exercise Price	$ 35.14
Exercisable Stock Options Exercisable, Number of Options Exercisable	4,792
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 35.14
2004 Director's Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	973
Outstanding Stock Options, Weighted Average Exercise Price	$ 317.14
Exercisable Stock Options Exercisable, Number of Options Exercisable	973
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 317.14
2013 Plan [Member]
Outstanding Stock Options, Number of Options Outstanding	189,581
Outstanding Stock Options, Weighted Average Exercise Price	$ 1.48
Exercisable Stock Options Exercisable, Number of Options Exercisable	417
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 35.88
Replacement Stock Options [Member]
Outstanding Stock Options, Number of Options Outstanding	90,828
Outstanding Stock Options, Weighted Average Exercise Price	$ 9.09
Exercisable Stock Options Exercisable, Number of Options Exercisable	90,828
Exercisable Stock Options Exercisable, Weighted Average Exercise Price	$ 9.09

Stock Based Compensation - Su52

Stock Based Compensation - Summary of Status of Non-vested Restricted Shares (Details) - Restricted Stock Units [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Number of restricted stock, Unvested Beginning of period	8,649	32,699
Number of restricted stock, Granted	304,064
Number of restricted stock, Forfeited	(34,845)	(7,627)
Number of restricted stock, Vested	(98,971)	(16,423)
Number of restricted stock, Unvested End of period	178,897	8,649
Weighted Average Grant Date Fair Value, Unvested Beginning of period	$ 43.71	$ 34.25
Weighted Average Grant Date Fair Value, Granted	1.40
Weighted Average Grant Date Fair Value, Forfeited	5.72	34.61
Weighted Average Grant Date Fair Value, Vested	2.50	29.09
Weighted Average Grant Date Fair Value, Unvested End of period	$ 1.40	$ 43.71

Stock Based Compensation - Su53

Stock Based Compensation - Summary of Restricted Stock Awards (Details) - Restricted Stock Awards [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Number of restricted stock, Unvested Beginning of period		1,366
Number of restricted stock, Forfeited		(410)
Number of restricted stock, Vested		(956)
Number of restricted stock, Unvested End of period
Weighted Average Grant Date Fair Value, Unvested Beginning of period		$ 40.01
Weighted Average Grant Date Fair Value, Forfeited		44.84
Weighted Average Grant Date Fair Value, Vested		37.94
Weighted Average Grant Date Fair Value, Unvested End of period

Federal Income Taxes (Details N

Federal Income Taxes (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Decrease in valuation allowance	$ 31,400
Reduction in corporate tax rate	21.00%
Percentage of valuation allowance recorded against the net deferred tax assets	100.00%
Capital loss carryforward	$ 1,013	$ 618
Neutron Energy Inc [Member]
Net operating loss carryforwards	32,800
U.S. [Member]
Net operating loss carryforwards	245,000
Capital loss carryforward	$ 1,900
U.S. [Member] | Minimum [Member]
Operating loss carryforwards expiration year	2,018
Capital loss carryforwards expiration year	2,021
U.S. [Member] | Maximum [Member]
Operating loss carryforwards expiration year	2,037
Capital loss carryforwards expiration year	2,022
Australian [Member]
Net operating loss carryforwards	$ 13,500
Anatolia [Member]
Net operating loss carryforwards	13,300
Turkey [Member]
Net operating loss carryforwards	$ 1,700
Turkey [Member] | Minimum [Member]
Operating loss carryforwards expiration year	2,018
Turkey [Member] | Maximum [Member]
Operating loss carryforwards expiration year	2,021

Federal Income Taxes - Schedule

Federal Income Taxes - Schedule of Components of Future Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net operating loss carryforwards	$ 56,781	$ 85,995
Mineral properties	7,237	10,152
Accrued vacation	17	29
Reclamation provision	224	41
Capital loss carryforwards	1,013	618
Restoration reserves	980	1,623
Capitalized transaction costs	912	1,140
Other	4,123	4,072
Deferred tax assets	71,287	103,670
Valuation allowance	(68,121)	(99,548)
Net deferred tax assets	3,166	4,122
Derivatives	(590)	(956)
Mineral properties, Turkey	(1,437)	(1,489)
Securities	(106)
Property, plant and equipment	(1,033)	(1,677)
Deferred tax liabilities	(3,166)	(4,122)
Net deferred tax asset (liability)

Federal Income Taxes - Schedu56

Federal Income Taxes - Schedule of Valuation Allowance by Tax Jurisdiction (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total valuation allowance	$ 68,121	$ 99,548
United States [Member]
Total valuation allowance	60,920	92,448
Australia [Member]
Total valuation allowance	5,187	5,187
Turkey [Member]
Total valuation allowance	$ 2,041	$ 1,913

Federal Income Taxes - Schedu57

Federal Income Taxes - Schedule of Loss From Operations Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Loss from operations before income taxes	$ (19,288)	$ (19,605)
United States [Member]
Loss from operations before income taxes	(18,782)	(18,798)
Australia [Member]
Loss from operations before income taxes	(1)	(158)
Turkey [Member]
Loss from operations before income taxes	$ (505)	$ (649)

Federal Income Taxes - Schedu58

Federal Income Taxes - Schedule of Reconciliation of Expected Income Tax on Net Income at Statutory Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net loss	$ (19,288)	$ (19,605)
Statutory tax rate	34.00%	34.00%
Tax recovery at statutory rate	$ (6,558)	$ (6,666)
Foreign tax rate	71	2,073
Change in US tax rates	37,233
Mineral property adjustments		(6,709)
Capital loss carryforward adjustment	(44)
Operating loss carryforward adjustment	710	6,707
Nondeductible write-offs	15	1,250
Change in valuation allowance	(31,427)	3,345
Income tax expense (recovery)

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	12 Months Ended
	Dec. 31, 2016lb
Itochu Corporation [Member]
Acquisition amount on sales contracts	510,000
UG U.S.A Inc [Member]
Acquisition amount on sales contracts	480,000

Geographic and Segment Inform60

Geographic and Segment Information (Details Narrative) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)ReportableSegments
Number of reportable operating segment | ReportableSegments	2
Long-term assets	$ 42,000
Concentration risk percentage	10.00%
United States [Member]
Long-term assets	$ 24,000
Long-term assets percentage	58.00%

Geographic and Segment Inform61

Geographic and Segment Information - Schedule of Segment Reporting Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net property, plant and equipment	$ 35,409	$ 46,916
Restricted cash	3,668	3,964
Notes receivable, non-current	3,328
Total long-term assets		2,123
Mineral property expenses	(4,584)	(3,248)
General and administrative	(6,614)	(7,650)
Accretion of asset retirement costs	(1,039)	(480)
Depreciation and amortization	(142)	(247)
Impairment of Uranium properties	(11,436)	(1,673)
Total operating expenses	(24,818)	(13,298)
Other income (expense)	5,530	(6,307)
Long Term Assets [Member]
Net property, plant and equipment	35,409	46,916
Restricted cash	3,668	3,964
Notes receivable, non-current	3,328	2,123
Total long-term assets	42,405	53,003
Operating Results [Member]
Mineral property expenses	4,584	3,248
General and administrative	6,614	7,650
Acquisition related expenses	1,003
Accretion of asset retirement costs	1,039	480
Depreciation and amortization	142	247
Impairment of Uranium properties	11,436	1,673
Total operating expenses	24,818	13,298
Loss from operations	(24,818)	(13,298)
Other income (expense)	5,530	(6,307)
Loss before taxes	(19,288)	(19,605)
Corporate [Member] | Long Term Assets [Member]
Net property, plant and equipment	211	141
Restricted cash
Notes receivable, non-current	834
Total long-term assets	1,045	141
Corporate [Member] | Operating Results [Member]
Mineral property expenses
General and administrative	4,783	5,573
Acquisition related expenses	1,003
Accretion of asset retirement costs
Depreciation and amortization	5	8
Impairment of Uranium properties
Total operating expenses	5,791	5,581
Loss from operations	(5,791)	(5,581)
Other income (expense)	585	(6,339)
Loss before taxes	(5,206)	(11,920)
Uranium [Member] | Long Term Assets [Member]
Net property, plant and equipment	35,198	46,775
Restricted cash	3,668	3,964
Notes receivable, non-current	2,494	2,123
Total long-term assets	41,360	52,862
Uranium [Member] | Operating Results [Member]
Mineral property expenses	3,383	2,441
General and administrative	1,831	2,077
Acquisition related expenses
Accretion of asset retirement costs	1,039	480
Depreciation and amortization	137	239
Impairment of Uranium properties	11,436	1,673
Total operating expenses	17,826	6,910
Loss from operations	(17,826)	(6,910)
Other income (expense)	4,944	32
Loss before taxes	(12,882)	(6,878)
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	1,201	807
General and administrative
Acquisition related expenses
Accretion of asset retirement costs
Depreciation and amortization
Impairment of Uranium properties
Total operating expenses	1,201	807
Loss from operations	(1,201)	(807)
Other income (expense)	1
Loss before taxes	$ (1,200)	$ (807)

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Alabama Graphite [Member] - USD ($)	Dec. 31, 2017	Dec. 13, 2017
Debt interest rate	3.00%
Maximum [Member]
Secured loan		$ 2,000,000
Subsequent Event [Member]
Number of shares exchanged, per share		$ 0.08
Percentage of shares issued and outstanding		30.00%
Debt interest rate		3.00%
Debt instrument conversion price		$ 0.0878
Subsequent Event [Member] | March 01, 2018 [Member]
Secured loan		$ 1,300,000
Subsequent Event [Member] | Maximum [Member]
Secured loan		$ 2,000,000