Segment Disclosures

9 Months Ended

Sep. 30, 2012

Segment Disclosures [Text Block]

11.	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:

	September 30, 2012			December 31, 2011
	Total	Uranerz	Arkose	Total	Uranerz	Arkose
	$	$	$	$	$	$
Assets	43,139,934	41,892,674	1,247,260	48,648,543	47,986,464	662,079

	For the						For the
	Nine Months Ended						Nine Months Ended
	September 30, 2012						September 30, 2011
	Total		Uranerz		Arkose		Total		Uranerz		Arkose
	$		$		$		$		$		$
Net loss	(5,261,290	)	(4,529,218	)	(732,072	)	(11,999,088	)	(10,956,254	)	(1,042,834	)
Interest revenue	39,170		38,877		293		60,025		59,639		386
Depreciation	(184,026	)	(184,026	)	–		(158,618	)	(158,618	)	–
Accretion	(31,450	)	(31,450	)	–		–		–		–
	For the						For the
	Three Months Ended						Three Months Ended
	September 30, 2012						September 30, 2011
	Total		Uranerz		Arkose		Total		Uranerz		Arkose
Net loss	(1,795,991	)	(1,445,391	)	(350,600	)	(2,325,801	)	(1,985,545	)	(340,256	)
Interest revenue	10,474		10,181		293		18,938		18,552		386
Depreciation	(62,215	)	(62,215	)	–		(43,407	)	(43,407	)	–
Accretion	(14,462	)	(14,462	)	–		–		–		–