Segment Disclosures

6 Months Ended

Jun. 30, 2011

Segment Disclosures [Text Block]

14.	Segment Disclosures
	The Company has two operating segments both involving the acquisition and exploitation of uranium and mineral resources. These operating segments consist of the Arkose Mining Venture (“Arkose”) and the Company’s remaining operations.
	Factors used to identify the Company’s reportable segments include the organizational structure of the Company and the financial information available for evaluation by the chief operating decision-maker in making decisions about how to allocate resources and assess performance. The Company’s operating segments have been broken out based on similar economic and other qualitative criteria. The Company operates both reporting segments in one geographical area, the United States.
	The Chief Executive Officer is the Company’s Chief Operating Decision Maker (CODM) as defined by ASC 280, Segment Reporting . The CODM allocates resources and assesses the performance of the Company based on the results of operations.
	Financial statement information by operating segment is presented below:

	June 30, 2011			December 31, 2010
	Total	Uranerz	Arkose	Total	Uranerz	Arkose
	$	$	$	$	$	$
Assets	50,005,138	49,321,354	683,784	40,634,083	39,770,022	864,061

	For the						For the
	Six Months Ended						Six Months Ended
	June 30, 2011						June 30, 2010
	Total		Uranerz		Arkose		Total		Uranerz		Arkose
	$		$		$		$		$		$
Net loss	(9,445,770	)	(8,970,709	)	(475,061	)	(8,346,934	)	(7,823,882	)	(523,052	)
Foreign exchange	(40,608	)	(40,608	)	–		(1,483	)	(1,483	)	–
Interest income	41,087		41,087		–		28,290		28,290		–
Depreciation	(115,211	)	(115,211	)	–		(95,159	)	(95,159	)	–

	For the						For the
	Three Months Ended						Three Months Ended
	June 30, 2011						June 30, 2010
	Total		Uranerz		Arkose		Total		Uranerz		Arkose
Net loss	(4,263,099	)	(3,907,937	)	(355,162	)	(2,652,139	)	(2,244,140	)	(407,999	)
Foreign exchange	(24,525	)	(24,525	)	–		345		345		–
Interest income	(55,307	)	(55,307	)	–		12,784		12,784		–
Depreciation	(60,493	)	(60,493	)	–		(48,788	)	(48,788	)	–