Quarterly report pursuant to Section 13 or 15(d)

Sales and other income

v3.23.2
Sales and other income
 6 Months Ended
Jun. 30, 2023
Sales and other income  
Sales and Other Income

13. Sales and Other Income

 

Revenue is primarily derived from the sale of U3O8 under multi-year agreements or spot sales agreements. The Company also receives disposal fee revenues, which are not related to the sale of U3O8.

 

Revenues for the six months ended June 30, 2023 were as follows:

 

 

 

Six Months Ended

June 30,

 

 

 

2023

 

 

2022

 

Revenue Summary

 

 $

 

 

 %

 

 

 $

 

 

 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Customer A

 

 

 6,447

 

 

 

 99.4 %

 

 

 -

 

 

 

 -

 

 U3O8 sales

 

 

 6,447

 

 

 

 99.4 %

 

 

 -

 

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Disposal fees

 

 

 39

 

 

 

 0.6 %

 

 

 19

 

 

 

 100.0 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 6,486

 

 

 

 100.0 %

 

 

 19

 

 

 

 100.0 %

 

During March 2022, we sold a royalty interest related to Strata Energy’s Lance Uranium ISR Project for $1.3 million. There was no carrying value related to the royalty on our balance sheet therefore the entire amount was recognized as other income.