INVENTORIES

12 Months Ended

Dec. 31, 2018

Inventories

INVENTORIES

The inventories balance consists of:

		At December 31		At December 31		At January 1
(in thousands)		2018		2017		2017
Uranium concentrates	$	526	$	526	$	526
Inventory of ore in stockpiles		2,098		2,098		2,098
Mine and mill supplies in MLJV		3,058		2,928		2,670
	$	5,682	$	5,552	$	5,294
Inventories-by balance sheet presentation:
Current	$	3,584	$	3,454	$	3,196
Long term-ore in stockpiles		2,098		2,098		2,098
	$	5,682	$	5,552	$	5,294

Long-term ore in stockpile inventory represents an estimate of the amount of ore on the stockpile in excess of the next twelve months of planned mill production.