XML 56 R50.htm IDEA: XBRL DOCUMENT v3.20.1
COMMITMENTS AND CONTINGENCIES - Mt Hope (Details)
3 Months Ended
Feb. 28, 2018
USD ($)
$ / lb
Mar. 31, 2020
USD ($)
installment
$ / item
Dec. 31, 2019
USD ($)
Lessee, Lease, Description      
Lease term   3 years  
Accrued, estimated advance royalty   $ 6,888,000 $ 6,388,000
Mt. Hope Project      
Lessee, Lease, Description      
Payment of royalty installment   $ 500,000  
Molybdenum price (in dollars per pound) | $ / item   8.40  
Eureka Moly LLC | Exxon Corporation      
Lessee, Lease, Description      
Production royalty, as percentage of net returns 1.00%    
Percentage of cash payment of total gross payments received from the purchaser of ores mined/removed/sold from property net of certain deductions 1.00%    
Eureka Moly LLC | Mt. Hope Project      
Lessee, Lease, Description      
Lease term   30 years  
Lease period for written notice of termination   30 days  
Maximum period for receipt of notice of default   90 days  
Maximum period for receipt of notice of default in non-payment obligation   10 days  
Royalty advance percentage required by long-term lease   3.00%  
Cumulative amount paid for construction royalty fee   $ 26,100,000  
Accrued, estimated advance royalty   5,400,000  
Annual advance royalty payment   500,000  
Accrued annual advance royalty   $ 2,000,000  
Number of installments | installment   4  
Royalty advance percentage of production royalties   5.00%  
Molybdenum price (in dollars per pound) | $ / item   12  
Period of commercial production   5 years  
Eureka Moly LLC | Mt. Hope Project | Other non-moly minerals      
Lessee, Lease, Description      
Production royalty, as percentage of net returns 4.00%    
Annual advance royalty payment $ 3,000,000    
Annual advance royalty period 3 years    
Threshold limit for production royalty $ 10,000,000    
Eureka Moly LLC | Mt. Hope Project | Average gross value less than or equal to $2.00 per pound | Zinc      
Lessee, Lease, Description      
Production royalty, as percentage of net returns 4.00%    
Average Gross Value Per Pound | $ / lb 2.00    
Eureka Moly LLC | Mt. Hope Project | Average gross value between $2.01 and $2.49 per pound | Zinc      
Lessee, Lease, Description      
Production royalty, as percentage of net returns 4.50%    
Eureka Moly LLC | Mt. Hope Project | Average gross value greater than $2.50 per pound | Zinc      
Lessee, Lease, Description      
Production royalty, as percentage of net returns 5.00%    
Average Gross Value Per Pound | $ / lb 2.50    
Eureka Moly LLC | Mt. Hope Project | Minimum | Average gross value between $2.01 and $2.49 per pound | Zinc      
Lessee, Lease, Description      
Average Gross Value Per Pound | $ / lb 2.01    
Eureka Moly LLC | Mt. Hope Project | Maximum      
Lessee, Lease, Description      
Period of commercial production   24 months  
Eureka Moly LLC | Mt. Hope Project | Maximum | Average gross value between $2.01 and $2.49 per pound | Zinc      
Lessee, Lease, Description      
Average Gross Value Per Pound | $ / lb 2.49