Annual report pursuant to Section 13 and 15(d)

Commitments

v3.19.3.a.u2
Commitments
12 Months Ended
Dec. 31, 2019
Commitments [Abstract]  
Commitments

19.Commitments

 

Under the terms of its operating leases for equipment, the Company is committed to minimum annual lease payments as follows:

 

 

 

 

Year ended December 31,

 

$

2020

 

 4

2021

 

 5

2022

 

 3

2023 and thereafter

 

 -

 

 

12

 

Rent expense under these agreements was $0.2 million, $0.2 million and $0.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.

 

Principal payments required under debt agreements are as follows:

 

 

 

 

Year ended:

    

 

31-Dec-20

 

 -

31-Dec-21

 

5,333

31-Dec-22

 

5,646

31-Dec-23

 

1,462

 

 

12,441

 

Off Take Sales Agreements

 

As of December 31, 2019, we continue to have off take sales agreements with various U.S. utilities. These agreements were completed between 2015 for deliveries between 2020 and 2021 as follows: 

 

 

 

 

SUMMARY OF OFF TAKE SALES AGREEMENTS

Production Year

Total Pounds Uranium Concentrates Contractually Committed

Expected revenue from current contracts

2020

200,000 pounds

$ 8,300

2021

25,000 pounds

$ 1,306