Ur-Energy Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Capital Assets

Capital Assets

12 Months Ended

Dec. 31, 2014

Capital Assets

Capital Assets

9.Capital Assets

The Company’s capital assets consist of the following:


	As of			As of
	December 31, 2014			December 31, 2013
		Accumulated	Net Book		Accumulated	Net Book
	Cost	Depreciation	Value	Cost	Depreciation	Value
	$	$	$	$	$	$

Rolling stock	3,878	2,852	1,026	3,860	2,366	1,494
Enclosures	32,968	1,927	31,041	32,936	279	32,657
Machinery and equipment	992	426	566	903	343	560
Furniture, fixtures and leasehold improvements	119	81	38	121	64	57
Information technology	1,119	797	322	1,067	585	482

	39,076	6,083	32,993	38,887	3,637	35,250

In August 2013, the Company received permission from the NRC to begin production at the Lost Creek facility. At that time, the Company reclassified its construction in progress assets to buildings and enclosures as well as machinery and equipment.

Capitalized interest and loan fees included in capital assets totaled approximately $1.3 million. Capitalized depreciation on construction equipment totaled $0.5 million. Total depreciation expense was $7.6 million, $0.5 million and $0.5 million for the years ended December 31, 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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