10-Q Filing

UR-ENERGY INC CIK: 1375205 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001558370-15-000690`
Period End Date	20150331
Filing Date	20150504
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	urg-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 34 Cash Flow Statement 49 Stockholders Equity 10

Balance Sheet 76 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
Cash and cash equivalents (note 4)	`CashAndCashEquivalentsAtCarryingValue`	$3.10M	USD	Point-in-time
Cash and cash equivalents (note 4)	`CashAndCashEquivalentsAtCarryingValue`	$2.18M	USD	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`	$1.63M	USD	Point-in-time
Accounts receivable (note 5)	`ReceivablesNetCurrent`	$28.00K	USD	Point-in-time
Common shares, without par value	`CommonStockNoParValue`	-	USD	Point-in-time
Accounts receivable (note 5)	`ReceivablesNetCurrent`	$13.00K	USD	Point-in-time
Common shares, without par value	`CommonStockNoParValue`	-	USD	Point-in-time
Common shares, Shares issued	`CommonStockSharesIssued`	130.05M	shares	Point-in-time
Common shares, Shares issued	`CommonStockSharesIssued`	129.37M	shares	Point-in-time
Inventory (note 6)	`InventoryNet`	$5.17M	USD	Point-in-time
Inventory (note 6)	`InventoryNet`	$4.70M	USD	Point-in-time
Common shares, Shares outstanding	`CommonStockSharesOutstanding`	129.37M	shares	Point-in-time
Common shares, Shares outstanding	`CommonStockSharesOutstanding`	130.05M	shares	Point-in-time
Current deferred financing costs (note 12)	`DeferredFinanceCostsCurrentNet`	$191.00K	USD	Point-in-time
Current deferred financing costs (note 12)	`DeferredFinanceCostsCurrentNet`	$190.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$856.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.09M	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$8.18M	USD	Point-in-time
Assets, Current, Total	`AssetsCurrent`	$9.35M	USD	Point-in-time
Restricted cash (note 7)	`RestrictedCashAndCashEquivalentsNoncurrent`	$7.56M	USD	Point-in-time
Restricted cash (note 7)	`RestrictedCashAndCashEquivalentsNoncurrent`	$7.56M	USD	Point-in-time
Mineral properties (note 8)	`MineralPropertiesNet`	$52.75M	USD	Point-in-time
Mineral properties (note 8)	`MineralPropertiesNet`	$51.45M	USD	Point-in-time
Capital assets (note 9)	`PropertyPlantAndEquipmentNet`	$32.99M	USD	Point-in-time
Capital assets (note 9)	`PropertyPlantAndEquipmentNet`	$32.45M	USD	Point-in-time
Equity investment (note 10)	`EquityMethodInvestments`	$1.09M	USD	Point-in-time
Equity investment (note 10)	`EquityMethodInvestments`	$1.09M	USD	Point-in-time
Deferred financing costs (note 12)	`DeferredFinanceCostsNoncurrentNet`	$668.00K	USD	Point-in-time
Deferred financing costs (note 12)	`DeferredFinanceCostsNoncurrentNet`	$716.00K	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$95.11M	USD	Point-in-time
Assets, Noncurrent, Total	`AssetsNoncurrent`	$93.22M	USD	Point-in-time
Assets, Total	`Assets`	$101.40M	USD	Point-in-time
Assets, Total	`Assets`	$104.45M	USD	Point-in-time
Accounts payable and accrued liabilities (note 11)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.53M	USD	Point-in-time
Accounts payable and accrued liabilities (note 11)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.80M	USD	Point-in-time
Current portion of notes payable (note 12)	`LongTermDebtCurrent`	$10.93M	USD	Point-in-time
Current portion of notes payable (note 12)	`LongTermDebtCurrent`	$7.37M	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`	$15.82M	USD	Point-in-time
Liabilities, Current, Total	`LiabilitiesCurrent`	$11.99M	USD	Point-in-time
Notes payable (note 12)	`LongTermDebtNoncurrent`	$33.19M	USD	Point-in-time
Notes payable (note 12)	`LongTermDebtNoncurrent`	$27.81M	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
Asset retirement obligations (note 14)	`AssetRetirementObligationsNoncurrent`	$23.57M	USD	Point-in-time
Asset retirement obligations (note 14)	`AssetRetirementObligationsNoncurrent`	$23.45M	USD	Point-in-time
Other liabilities - warrants (note 15)	`OtherLiabilitiesNoncurrent`	$423.00K	USD	Point-in-time
Other liabilities - warrants (note 15)	`OtherLiabilitiesNoncurrent`	$376.00K	USD	Point-in-time
Liabilities, Noncurrent, Total	`LiabilitiesNoncurrent`	$55.15M	USD	Point-in-time
Liabilities, Noncurrent, Total	`LiabilitiesNoncurrent`	$60.36M	USD	Point-in-time
Liabilities	`Liabilities`	$72.35M	USD	Point-in-time
Liabilities	`Liabilities`	$70.97M	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: 130,048,326 at March 31, 2015 and 129,365,076 at December 31, 2014	`CommonStockValue`	$168.75M	USD	Point-in-time
Common shares, without par value, unlimited shares authorized; shares issued and outstanding: 130,048,326 at March 31, 2015 and 129,365,076 at December 31, 2014	`CommonStockValue`	$168.12M	USD	Point-in-time
Warrants	`WarrantsAndRightsOutstanding`	$4.17M	USD	Point-in-time
Warrants	`WarrantsAndRightsOutstanding`	$4.17M	USD	Point-in-time
Contributed surplus	`OtherAdditionalCapital`	$14.25M	USD	Point-in-time
Contributed surplus	`OtherAdditionalCapital`	$14.05M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.36M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.34M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-157.78M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-159.90M	USD	Point-in-time
Stockholders'Equity Attributable to Parent, Total	`StockholdersEquity`	$32.10M	USD	Point-in-time
Stockholders'Equity Attributable to Parent, Total	`StockholdersEquity`	$30.43M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$101.40M	USD	Point-in-time
Liabilities and Equity, Total	`LiabilitiesAndStockholdersEquity`	$104.45M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales (note 17)	`SalesRevenueNet`	$7.39M	USD	1 Quarter
Sales (note 17)	`SalesRevenueNet`	$6.15M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$5.39M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$3.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$2.91M	USD	1 Quarter
Exploration and evaluation	`ExplorationExpenseMining`	$1.02M	USD	1 Quarter
Exploration and evaluation	`ExplorationExpenseMining`	$685.00K	USD	1 Quarter
Development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$574.00K	USD	1 Quarter
Development	`ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost`	$1.03M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.52M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.31M	USD	1 Quarter
Accretion	`AccretionExpense`	$126.00K	USD	1 Quarter
Accretion	`AccretionExpense`	$38.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.03M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.36M	USD	1 Quarter
Interest income (expense) (net)	`InterestIncomeExpenseNet`	$-636.00K	USD	1 Quarter
Interest income (expense) (net)	`InterestIncomeExpenseNet`	$-688.00K	USD	1 Quarter
Warrants mark to market adjustment (note 15)	`FairValueAdjustmentOfWarrants`	$263.00K	USD	1 Quarter
Warrants mark to market adjustment (note 15)	`FairValueAdjustmentOfWarrants`	$77.00K	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-14.00K	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.00K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.12M	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`	$-0.02	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	128.10M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	129.71M	shares	1 Quarter
Net Loss	`NetIncomeLoss`	$-2.12M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.95M	USD	1 Quarter
Translation adjustment on foreign operations	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$35.00K	USD	1 Quarter
Translation adjustment on foreign operations	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$26.00K	USD	1 Quarter
Comprehensive loss for the period	`OtherComprehensiveIncomeLossNetOfTax`	$-1.91M	USD	1 Quarter
Comprehensive loss for the period	`OtherComprehensiveIncomeLossNetOfTax`	$-2.10M	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-2.12M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.95M	USD	1 Quarter
Stock based expense	`ShareBasedCompensation`	$188.00K	USD	1 Quarter
Stock based expense	`ShareBasedCompensation`	$293.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.94M	USD	1 Quarter
Accretion Expense	`AccretionExpense`	$126.00K	USD	1 Quarter
Accretion Expense	`AccretionExpense`	$38.00K	USD	1 Quarter
Warrants mark to market gain	`FairValueAdjustmentOfWarrants`	$263.00K	USD	1 Quarter
Warrants mark to market gain	`FairValueAdjustmentOfWarrants`	$77.00K	USD	1 Quarter
RSUs redeemed for cash	`RestrictedStockUnitRedeemedForCash`	$59.00K	USD	1 Quarter
RSUs redeemed for cash	`RestrictedStockUnitRedeemedForCash`	$66.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-1.49M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInReceivables`	$-15.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-465.00K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.86M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$51.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-67.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.15M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.00K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities, Total	`NetCashProvidedByUsedInOperatingActivities`	$628.00K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities, Total	`NetCashProvidedByUsedInOperatingActivities`	$1.24M	USD	1 Quarter
Mineral property costs	`PaymentsToAcquireMineralRights`	$57.00K	USD	1 Quarter
Funding of equity investment	`PaymentsToAcquireEquityMethodInvestments`	$4.00K	USD	1 Quarter
Purchase of capital assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.00K	USD	1 Quarter
Purchase of capital assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$297.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities, Total	`NetCashProvidedByUsedInInvestingActivities`	$-24.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities, Total	`NetCashProvidedByUsedInInvestingActivities`	$-358.00K	USD	1 Quarter
Share issue costs	`PaymentsOfStockIssuanceCosts`	$-43.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$834.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$302.00K	USD	1 Quarter
Proceeds from debt financing	`ProceedsFromIssuanceOfDebt`	$1.50M	USD	1 Quarter
Cost of debt financing	`PaymentsOfDebtIssuanceCosts`	$37.00K	USD	1 Quarter
Repayment of debt	`RepaymentsOfShortTermDebt`	$1.82M	USD	1 Quarter
Repayment of debt	`RepaymentsOfShortTermDebt`	$76.00K	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities, Total	`NetCashProvidedByUsedInFinancingActivities`	$2.26M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities, Total	`NetCashProvidedByUsedInFinancingActivities`	$-1.52M	USD	1 Quarter
Effects of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-103.00K	USD	1 Quarter
Effects of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.04M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-922.00K	USD	1 Quarter
Beginning cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.10M	USD	Point-in-time
Beginning cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.18M	USD	Point-in-time
Beginning cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.67M	USD	Point-in-time
Beginning cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.63M	USD	Point-in-time
Ending cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.10M	USD	Point-in-time
Ending cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.18M	USD	Point-in-time
Ending cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.67M	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`	$32.10M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$30.43M	USD	Point-in-time
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$302.00K	USD	1 Quarter
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	468,082.00	shares	1 Quarter
Redemption of vested RSUs	`StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures`	$59.00K	USD	1 Quarter
Non-cash stock compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$188.00K	USD	1 Quarter
Net loss and comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-1.91M	USD	1 Quarter
Net loss and comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-2.10M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$32.10M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$30.43M	USD	Point-in-time

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