Annual report pursuant to Section 13 and 15(d)

Restricted Cash

v3.6.0.2
Restricted Cash
 12 Months Ended
Dec. 31, 2016
Restricted Cash [Abstract]  
Restricted cash

6.Restricted Cash

 

The Company’s restricted cash consists of the following:

 

 

 

 

 

 

 

 

 

 

As at

 

December 31, 2016

 

December 31, 2015

 

$

    

$

 

 

 

 

Money market account
7,457

 
7,457

Certificates of deposit
100

 
100

 

 

 

 

 
7,557

 
7,557

 

(a)

The bonding requirements for reclamation obligations on various properties have been agreed to by the Wyoming Department of Environmental Quality, United States Department of the Interior and United States Nuclear Regulatory Commission. The restricted money market accounts are pledged as collateral against performance surety bonds which are used to secure the potential costs of reclamation related to those properties. Surety bonds providing $26,688 of coverage towards specific reclamation obligations are collateralized by $7,444 of the restricted cash at December 31, 2016.