Annual report pursuant to Section 13 and 15(d)

Restricted Cash

v3.10.0.1
Restricted Cash
12 Months Ended
Dec. 31, 2018
Restricted Cash [Abstract]  
Restricted cash

6.Restricted Cash

 

The Company’s restricted cash consists of the following:

 

 

 

 

 

 

 

 

 

 

As at

 

December 31, 2018

 

December 31, 2017

 

$

    

$

 

 

 

 

Money market account

7,458

 

7,458

Certificates of deposit

 -

 

100 

 

 

 

 

 

7,458

 

7,558

 

(a)

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 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 $29,880 of coverage towards specific reclamation obligations are collateralized by $7,444 of the restricted cash at December 31, 2018.