Quarterly report pursuant to Section 13 or 15(d)

Restricted Cash

Restricted Cash
6 Months Ended
Jun. 30, 2019
Restricted Cash [Abstract]  
Restricted cash

6.    Restricted Cash


The Company’s restricted cash consists of money market accounts and short-term government bonds.




The bonding requirements for reclamation obligations on various properties have been agreed to by the Wyoming Department of Environmental Quality (“WDEQ”), the Wyoming Uranium Recovery Program (“URP”) and the Bureau of Land Management (“BLM”) as applicable.  The restricted money market accounts are pledged as collateral against performance surety bonds which are used to secure the potential costs of reclamation related to those properties. Surety bonds providing $29.9 million of coverage towards specific reclamation obligations are collateralized by $7.4 million of the restricted cash at June 30, 2019.