Segment Disclosures

12 Months Ended

Dec. 31, 2012

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 for the years ended December 31, 2012, 2011 and 2010 is presented below:

	December 31, 2012
	Total		Uranerz		Arkose
	$		$		$
Assets	11,553,494		10,700,952		852,542
Net loss attributable to the Company	(28,974,449	)	(28,098,983	)	(875,466	)
Interest revenue	42,407		42,114		293
Depreciation	(241,610	)	(241,610	)	–

	December 31, 2011
	Total		Uranerz		Arkose
	$		$		$
Assets	38,894,476		38,272,397		622,079
Net loss attributable to the Company	(24,873,633	)	(23,540,911	)	(1,332,722	)
Interest revenue	79,165		78,779		386
Depreciation	(215,740	)	(215,740	)	–
Accretion	(2,518	)	(2,518	)	–

	December 31, 2010
	Total		Uranerz		Arkose
	$		$		$
Assets	40,634,083		39,770,022		864,061
Net loss attributable to the Company	(14,599,983	)	(13,005,108	)	(1,594,875	)
Interest revenue	52,290		51,352		938
Depreciation	(200,266	)	(200,266	)	–