Annual report pursuant to Section 13 and 15(d)

Restricted Cash

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Restricted Cash
12 Months Ended
Dec. 31, 2023
Restricted Cash  
Restricted Cash

6. Restricted Cash

 

The Company’s restricted cash consists of the following:

 

 Restricted Cash

 

December 31, 2023

 

 

December 31, 2022

 

 

 

 

 

 

 

 

Cash pledged for reclamation

 

 

8,518

 

 

 

8,117

 

Other restricted cash

 

 

31

 

 

 

20

 

 

 

 

8,549

 

 

 

8,137

 

 

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

 

The bonding requirements for reclamation obligations on various properties have been reviewed and approved 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 cash is pledged as collateral against performance surety bonds, which secure the estimated costs of reclamation related to the properties. Surety bonds providing $28.4 million and $28.3 million of coverage towards reclamation obligations were collateralized by the restricted cash as of December 31, 2023, and December 31, 2022, respectively.