Annual report pursuant to Section 13 and 15(d)

Commitments

v3.10.0.1
Commitments
12 Months Ended
Dec. 31, 2018
Commitments [Abstract]  
Commitments

19.Commitments

 

Under the terms of its operating lease for vehicles and the office premises in Casper, Wyoming, the Company is committed to minimum annual lease payments as follows:

 

 

 

Year ended December 31,

$

2019

95

2020 and thereafter

 -

 

95

 

Rent expense under these agreements was $0.2 million, $0.2 million and $0.2 million for the years ended December 31, 2018, 2017 and 2016, respectively.

 

Principal payments required under debt agreements are as follows:

 

 

 

Year ended:

 

31-Dec-19

5,183

31-Dec-20

5,487

31-Dec-21

4,326

 

14,996

 

Off Take Sales Agreements

 

As of December 31, 2018, we continue to have multiple off take sales agreements with various U.S. utilities. These agreements were completed between 2012 and 2016 for deliveries between 2019 and 2021 as follows: 

 

 

 

 

SUMMARY OF OFF TAKE SALES AGREEMENTS

Production Year

Total Pounds Uranium Concentrates Contractually Committed

Expected revenue from current contracts

2019

500,000 pounds

$ 24,713

2020

390,000 pounds

$ 18,040

2021

25,000 pounds

$ 1,306