Restricted Cash |
12 Months Ended |
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Dec. 31, 2019 | |
| Restricted Cash [Abstract] | |
| Restricted cash |
6.Restricted Cash
The Company’s restricted cash consists of the money market accounts and short-term federal bonds which are reviewed and renewed annually.
The bonding requirements for reclamation obligations on various properties have been agreed to by the Wyoming Department of Environmental Quality, Wyoming Uranium Recovery Program and United States Department of the Interior. The 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 $29,864 of coverage towards specific reclamation obligations are collateralized by $7,444 of the restricted cash at December 31, 2019. |
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- Definition The entire disclosure for assets that are restricted in their use, generally by contractual agreements or regulatory requirements. This would include, but not limited to, a description of the restricted assets and the terms of the restriction. No definition available.
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- References No definition available.
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