CAPITAL MANAGEMENT AND FINANCIAL RISK (Tables)

12 Months Ended

Dec. 31, 2020

Capital Management And Financial Risk

Capital management

	At December 31			At December 31
(in thousands)	2020			2019
Net cash and investments:
Cash and cash equivalents	$	24,992		$	8,190
Investments		16,950			12,104
Debt obligations-current (note 14)		(240	)		(470	)
Net cash and investments	$	41,702		$	19,824

Credit risk

	At December 31		At December 31
(in thousands)	2020		2019
Cash and cash equivalents	$	24,992	$	8,190
Trade and other receivables		3,374		4,023
Restricted cash and investments		12,018		11,994
	$	40,384	$	24,207

Maturities of financial liabilities

(in thousands)	Within 1 Year		1 to 5 Years
Accounts payable and accrued liabilities	$	7,178	$	—
Debt obligations (note 14)		240		375
	$	7,418	$	375

Currency risk

	Dec.31’2020		Sensitivity
	Foreign		Foreign		Change in
	Exchange		Exchange		net income
(in thousands except foreign exchange rates)	Rate		Rate		(loss)
Currency risk
Canadian dollar (“CAD”) weakens		1.2732		1.4005	$	1,019
Canadian dollar (“CAD”) strengthens		1.2732		1.1459	$	(1,019	)

Price risk

	Change in
	net income
(in thousands)	(loss)
Equity price risk
10% increase in equity prices	$	1,709
10% decrease in equity prices		(1,709	)

Fair value of financial assets and financial liabilities

	Financial	Fair		December 31,		December 31,
	Instrument	Value		2020		2019
(in thousands)	Category(1)	Hierarchy		Fair Value		Fair Value
Financial Assets:
Cash and equivalents	Category B			$	24,992	$	8,190
Trade and other receivables	Category B				3,374		4,023
Investments
Equity instruments-shares	Category A		Level 1		16,657		11,971
Equity instruments-warrants	Category A		Level 2		293		133
Restricted cash and equivalents
Elliot Lake reclamation trust fund	Category B				2,883		2,859
Credit facility pledged assets	Category B				9,000		9,000
Reclamation letter of credit collateral	Category B				135		135
				$	57,334	$	36,311
Financial Liabilities:
Account payable and accrued liabilities	Category C				7,178		7,930
Debt obligations	Category C				615		1,002
				$	7,793	$	8,932

(1) Financial instrument designations are as follows: Category A=Financial assets and liabilities at fair value through profit and loss; Category B=Financial assets at amortized cost; and Category C=Financial liabilities at amortized cost.