Annual report pursuant to Section 13 and 15(d)

Commitments

v3.8.0.1
Commitments
12 Months Ended
Dec. 31, 2017
Commitments [Abstract]  
Commitments

17.Commitments

 

Under the terms of its operating lease for vehicles and the office premises in Casper, Wyoming, the Company is committed to minimum annual lease payments as follows:

 

 

 

Year ended December 31,

$

2018

352

2019

95

2020 and thereafter

 -

 

447

 

Rent expense under these agreements was $0.2 million, $0.2 million and $0.2 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Principal payments required under debt agreements are as follows:

 

 

 

Year ended:

 

31-Dec-18

4,895

31-Dec-19

5,183

31-Dec-20

5,487

31-Dec-21

4,326

 

19,891

 

Off Take Sales Agreements

 

As of December 31, 2017, we have multiple off take sales agreements with various U.S. utilities. These agreements were completed between 2012 and 2015 for deliveries between 2018 and 2021 as follows: 

 

 

 

SUMMARY OF OFF TAKE SALES AGREEMENTS

Production Year

Total Pounds Uranium Concentrates Contractually Committed

2018

470,000 pounds

2019

540,000 pounds

2020

390,000 pounds

2021

190,000 pounds