10-Q Filing

UR-ENERGY INC CIK: 1375205 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001144204-14-026141`
Period End Date	20140331
Filing Date	20140430
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	urg-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 36 Cash Flow Statement 64 Stockholders Equity 10

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Class A preferred shares, without par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Class A preferred shares, without par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Class A preferred shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Class A preferred shares, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Class A preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents (note 4)	`CashAndCashEquivalentsAtCarryingValue`	$4.67M	USD	Point-in-time
Class A preferred shares, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and cash equivalents (note 4)	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time
Cash and cash equivalents (note 4)	`CashAndCashEquivalentsAtCarryingValue`	$11.54M	USD	Point-in-time
Cash and cash equivalents (note 4)	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Common shares, without par value	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable (note 5)	`ReceivablesNetCurrent`	$5.80M	USD	Point-in-time
Accounts receivable (note 5)	`ReceivablesNetCurrent`	$4.31M	USD	Point-in-time
Common shares, without par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common shares, Shares issued	`CommonStockSharesIssued`	128.71M	shares	Point-in-time
Inventory (note 6)	`InventoryNet`	$2.05M	USD	Point-in-time
Inventory (note 6)	`InventoryNet`	$3.92M	USD	Point-in-time
Common shares, Shares issued	`CommonStockSharesIssued`	127.56M	shares	Point-in-time
Current deferred financing costs (note 12)	`DeferredFinanceCostsCurrentNet`	$167.00K	USD	Point-in-time
Current deferred financing costs (note 12)	`DeferredFinanceCostsCurrentNet`	$183.00K	USD	Point-in-time
Common shares, Shares outstanding	`CommonStockSharesOutstanding`	128.71M	shares	Point-in-time
Common shares, Shares outstanding	`CommonStockSharesOutstanding`	127.56M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$767.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$808.00K	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$13.88M	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$10.43M	USD	Point-in-time
Restricted cash (note 7)	`RestrictedCashAndCashEquivalentsNoncurrent`	$5.05M	USD	Point-in-time
Restricted cash (note 7)	`RestrictedCashAndCashEquivalentsNoncurrent`	$5.05M	USD	Point-in-time
Mineral properties (note 8)	`MineralPropertiesNet`	$51.43M	USD	Point-in-time
Mineral properties (note 8)	`MineralPropertiesNet`	$52.70M	USD	Point-in-time
Capital assets (note 9)	`PropertyPlantAndEquipmentNet`	$35.25M	USD	Point-in-time
Capital assets (note 9)	`PropertyPlantAndEquipmentNet`	$34.67M	USD	Point-in-time
Equity investment (note 10)	`EquityMethodInvestments`	$1.09M	USD	Point-in-time
Equity investment (note 10)	`EquityMethodInvestments`	$1.08M	USD	Point-in-time
Deferred financing costs (note 12)	`DeferredFinanceCostsNoncurrentNet`	$812.00K	USD	Point-in-time
Deferred financing costs (note 12)	`DeferredFinanceCostsNoncurrentNet`	$836.00K	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$94.90M	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$93.09M	USD	Point-in-time
Assets, Total	`Assets`	$105.34M	USD	Point-in-time
Assets, Total	`Assets`	$106.97M	USD	Point-in-time
Accounts payable and accrued liabilities (note 11)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.80M	USD	Point-in-time
Accounts payable and accrued liabilities (note 11)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.93M	USD	Point-in-time
Current portion of notes payable (note 12)	`LongTermDebtCurrent`	$5.33M	USD	Point-in-time
Current portion of notes payable (note 12)	`LongTermDebtCurrent`	$5.15M	USD	Point-in-time
Reclamation obligations	`AccruedReclamationCostsCurrent`	$85.00K	USD	Point-in-time
Reclamation obligations	`AccruedReclamationCostsCurrent`	$85.00K	USD	Point-in-time
Liabilities, Current, Total	`LiabilitiesCurrent`	$9.21M	USD	Point-in-time
Liabilities, Current, Total	`LiabilitiesCurrent`	$8.17M	USD	Point-in-time
Notes payable (note 12)	`LongTermDebtNoncurrent`	$35.25M	USD	Point-in-time
Notes payable (note 12)	`LongTermDebtNoncurrent`	$34.00M	USD	Point-in-time
Deferred income tax liability (note 13)	`DeferredIncomeTaxLiabilities`	$3.35M	USD	Point-in-time
Deferred income tax liability (note 13)	`DeferredIncomeTaxLiabilities`	$3.35M	USD	Point-in-time
Deferred revenue (note 14)	`DeferredRevenueNoncurrent`	$2.51M	USD	Point-in-time
Deferred revenue (note 14)	`DeferredRevenueNoncurrent`	$2.51M	USD	Point-in-time
Asset retirement obligations (note 15)	`AssetRetirementObligationsNoncurrent`	$17.32M	USD	Point-in-time
Asset retirement obligations (note 15)	`AssetRetirementObligationsNoncurrent`	$17.28M	USD	Point-in-time
Other liabilities - warrants (note 16)	`OtherLiabilitiesNoncurrent`	$1.59M	USD	Point-in-time
Other liabilities - warrants (note 16)	`OtherLiabilitiesNoncurrent`	$1.37M	USD	Point-in-time
Liabilities, Noncurrent, Total	`LiabilitiesNoncurrent`	$58.51M	USD	Point-in-time
Liabilities, Noncurrent, Total	`LiabilitiesNoncurrent`	$60.01M	USD	Point-in-time
Liabilities	`Liabilities`	$69.22M	USD	Point-in-time
Liabilities	`Liabilities`	$66.67M	USD	Point-in-time
Class A preferred shares, without par value, unlimited shares authorized. No shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Class A preferred shares, without par value, unlimited shares authorized. No shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common shares, without par value, unlimited shares authorized. Shares issued and outstanding: 128,711,182 at March 31, 2014 and 127,559,743 at December 31, 2013	`CommonStockValue`	$165.97M	USD	Point-in-time
Common shares, without par value, unlimited shares authorized. Shares issued and outstanding: 128,711,182 at March 31, 2014 and 127,559,743 at December 31, 2013	`CommonStockValue`	$167.32M	USD	Point-in-time
Warrants	`WarrantsAndRightsOutstanding`	$4.17M	USD	Point-in-time
Warrants	`WarrantsAndRightsOutstanding`	$4.17M	USD	Point-in-time
Contributed surplus	`OtherAdditionalCapital`	$13.89M	USD	Point-in-time
Contributed surplus	`OtherAdditionalCapital`	$14.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.33M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.30M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-150.98M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-149.03M	USD	Point-in-time
Stockholders'Equity Attributable to Parent, Total	`StockholdersEquity`	$38.66M	USD	Point-in-time
Stockholders'Equity Attributable to Parent, Total	`StockholdersEquity`	$37.74M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$105.34M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$106.97M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Sales (net of direct taxes) (note 18)	`SalesRevenueNet`	-	USD	1 Quarter
Sales (net of direct taxes) (note 18)	`SalesRevenueNet`	$6.15M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.24M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	$2.91M	USD	1 Quarter
Exploration and evaluation	`ExplorationExpenseMining`	$594.00K	USD	1 Quarter
Exploration and evaluation	`ExplorationExpenseMining`	$1.02M	USD	1 Quarter
Development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$5.09M	USD	1 Quarter
Development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$574.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.52M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.31M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.21M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-997.00K	USD	1 Quarter
Interest income (expense) (net)	`InterestIncomeExpenseNet`	$15.00K	USD	1 Quarter
Interest income (expense) (net)	`InterestIncomeExpenseNet`	$-674.00K	USD	1 Quarter
Warrant mark to market adjustment	`FairValueAdjustmentOfWarrants`	$263.00K	USD	1 Quarter
Warrant mark to market adjustment	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-14.00K	USD	1 Quarter
Other loss	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Other loss	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-7.20M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.95M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	128.10M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberBasicDilutedSharesOutstanding`	121.28M	shares	1 Quarter
Net Loss for the period	`NetIncomeLoss`	$-7.20M	USD	1 Quarter
Net Loss for the period	`NetIncomeLoss`	$-1.95M	USD	1 Quarter
Translation adjustment as of date of adoption of US$ as functional currency	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-6.16M	USD	1 Quarter
Translation adjustment as of date of adoption of US$ as functional currency	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Translation adjustment on foreign operations	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$35.00K	USD	1 Quarter
Translation adjustment on foreign operations	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-28.00K	USD	1 Quarter
Comprehensive loss for the period	`OtherComprehensiveIncomeLossNetOfTax`	$-13.38M	USD	1 Quarter
Comprehensive loss for the period	`OtherComprehensiveIncomeLossNetOfTax`	$-1.91M	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-7.20M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.95M	USD	1 Quarter
Stock based expense	`ShareBasedCompensation`	$365.00K	USD	1 Quarter
Stock based expense	`ShareBasedCompensation`	$293.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$79.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.94M	USD	1 Quarter
Non-cash interest expense	`OtherNoncashExpense`	-	USD	1 Quarter
Non-cash interest expense	`OtherNoncashExpense`	$38.00K	USD	1 Quarter
Warrant mark to market loss	`FairValueAdjustmentOfWarrants`	$263.00K	USD	1 Quarter
Warrant mark to market loss	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
RSUs redeemed for cash	`RestrictedStockUnitRedeemedForCash`	$39.00K	USD	1 Quarter
RSUs redeemed for cash	`RestrictedStockUnitRedeemedForCash`	$66.00K	USD	1 Quarter
Proceeds from assignment of sales contract	`ProceedsFromAssignmentOfSalesContract`	$5.14M	USD	1 Quarter
Proceeds from assignment of sales contract	`ProceedsFromAssignmentOfSalesContract`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-1.49M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$11.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.86M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$236.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$51.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$902.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.15M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities, Total	`NetCashProvidedByUsedInOperatingActivities`	$-992.00K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities, Total	`NetCashProvidedByUsedInOperatingActivities`	$1.24M	USD	1 Quarter
Mineral property costs	`PaymentsToAcquireMineralRights`	-	USD	1 Quarter
Mineral property costs	`PaymentsToAcquireMineralRights`	$57.00K	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$25.00K	USD	1 Quarter
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	-	USD	1 Quarter
Sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	$3.12M	USD	1 Quarter
Sale of short-term investments	`ProceedsFromSaleOfShortTermInvestments`	-	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$3.00M	USD	1 Quarter
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	1 Quarter
Funding of equity investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Funding of equity investment	`PaymentsToAcquireEquityMethodInvestments`	$4.00K	USD	1 Quarter
Purchase of capital assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.50M	USD	1 Quarter
Purchase of capital assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$297.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities, Total	`NetCashProvidedByUsedInInvestingActivities`	$-6.40M	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities, Total	`NetCashProvidedByUsedInInvestingActivities`	$-358.00K	USD	1 Quarter
Issuance of common shares and warrants for cash	`ProceedsFromIssuanceOfCommonStockAndWarrantsNet`	-	USD	1 Quarter
Issuance of common shares and warrants for cash	`ProceedsFromIssuanceOfCommonStockAndWarrantsNet`	-	USD	1 Quarter
Share issue costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Share issue costs	`PaymentsOfStockIssuanceCosts`	$-43.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionAndWarrantExcercises`	$834.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionAndWarrantExcercises`	-	USD	1 Quarter
Proceeds from debt financing	`ProceedsFromIssuanceOfDebt`	$1.50M	USD	1 Quarter
Proceeds from debt financing	`ProceedsFromIssuanceOfDebt`	-	USD	1 Quarter
Cost of debt financing	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Cost of debt financing	`PaymentsOfDebtIssuanceCosts`	$37.00K	USD	1 Quarter
Repayment of debt	`RepaymentsOfShortTermDebt`	$76.00K	USD	1 Quarter
Repayment of debt	`RepaymentsOfShortTermDebt`	$28.00K	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities, Total	`NetCashProvidedByUsedInFinancingActivities`	$-28.00K	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities, Total	`NetCashProvidedByUsedInFinancingActivities`	$2.26M	USD	1 Quarter
Effects of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-173.00K	USD	1 Quarter
Effects of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-103.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.04M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.59M	USD	1 Quarter
Beginning cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.67M	USD	Point-in-time
Beginning cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time
Beginning cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.54M	USD	Point-in-time
Beginning cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Ending cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.67M	USD	Point-in-time
Ending cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time
Ending cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.54M	USD	Point-in-time
Ending cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$38.66M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$37.74M	USD	Point-in-time
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$834.00K	USD	1 Quarter
Common shares issued for cash, net of issue costs - additional costs	`StockIssuedDuringPeriodValueIssuedForCash`	$-50.00K	USD	1 Quarter
Redemption of vested RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$83.00K	USD	1 Quarter
Non-cash stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$293.00K	USD	1 Quarter
Net loss and comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-13.38M	USD	1 Quarter
Net loss and comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.91M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$38.66M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$37.74M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.