Segment Disclosures

9 Months Ended

Sep. 30, 2013

Segment Disclosures [Text Block]

16.	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, 2013			December 31, 2012
	Total	Uranerz	Arkose	Total	Uranerz	Arkose
	$	$	$	$	$	$
Assets	11,918,615	10,898,598	1,020,017	11,553,494	10,700,952	852,542

	For the						For the
	Nine Months Ended						Nine Months Ended
	September 30, 2013						September 30, 2012
	Total		Uranerz		Arkose		Total		Uranerz		Arkose
	$		$		$		$		$		$
Net loss attributable to the Company	(18,326,203	)	(17,840,600	)	(485,603	)	(21,834,440	)	(21,102,368	)	(732,072	)
Interest income	11,033		10,876		157		39,170		38,877		293
Interest expense	(966,556	)	(966,556	)	–		–		–		–
Depreciation	(155,501	)	(155,501	)	–		(184,026	)	(184,026	)	–
Accretion	(56,845	)	(56,845	)	–		(31,450	)	(31,450	)	–

	For the						For the
	Three Months Ended						Three Months Ended
	September 30, 2013						September 30, 2012
	Total		Uranerz		Arkose		Total		Uranerz		Arkose
Net loss attributable to the Company	(11,051,792	)	(10,822,313	)	(229,479	)	(5,607,295	)	(5,256,695	)	(350,600	)
Interest income	4,419		4,262		157		10,474		10,181		293
Interest expense	(729,450	)	(729,450	)	–		–		–		–
Depreciation	(46,902	)	(46,902	)	–		(62,215	)	(62,215	)	–
Accretion	(19,709	)	(19,709	)	–		(14,462	)	(14,462	)	–