Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Oct. 10, 2019 | Jan. 31, 2019 | |
Document Information [Line Items] | |||
Entity Registrant Name | URANIUM ENERGY CORP | ||
Entity Central Index Key | 0001334933 | ||
Trading Symbol | uec | ||
Current Fiscal Year End Date | --07-31 | ||
Entity Filer Category | Accelerated Filer | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Common Stock, Shares Outstanding (in shares) | 181,331,779 | ||
Entity Public Float | $ 230,935,509 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Jul. 31, 2019 | ||
Document Fiscal Year Focus | 2019 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false | ||
Title of 12(b) Security | Common Stock |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 6,058,186 | $ 6,926,523 |
Term deposits | 11,831,671 | |
Inventories | 211,662 | 211,662 |
Prepaid expenses and deposits | 1,343,458 | 1,023,183 |
Other current assets | 264,956 | 179,360 |
19,709,933 | 8,340,728 | |
MINERAL RIGHTS AND PROPERTIES | 63,536,895 | 71,122,576 |
PROPERTY, PLANT AND EQUIPMENT | 7,042,359 | 7,101,552 |
RESTRICTED CASH | 1,821,392 | 1,789,899 |
EQUITY-ACCOUNTED INVESTMENT | 8,680,449 | 693,502 |
OTHER LONG-TERM ASSETS | 249,214 | 563,052 |
101,040,242 | 89,611,309 | |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 3,002,688 | 2,314,763 |
Due to a related party | 68,680 | 807 |
Current portion of long-term debt | 10,000,000 | |
3,071,368 | 12,315,570 | |
LONG-TERM DEBT | 19,599,963 | 9,534,974 |
ASSET RETIREMENT OBLIGATIONS | 3,541,082 | 4,020,282 |
LONG-TERM LEASE LIABILITIES | 50,010 | |
DEFERRED TAX LIABILITIES | 550,551 | 564,923 |
26,812,974 | 26,435,749 | |
STOCKHOLDERS' EQUITY | ||
Common stock $0.001 par value: 750,000,000 shares authorized, 180,896,431 shares issued and outstanding (July 31, 2018 - 161,175,764) | 180,896 | 161,176 |
Additional paid-in capital | 336,047,595 | 308,062,379 |
Share issuance obligation | 187,100 | |
Accumulated deficit | (262,200,784) | (245,151,636) |
Accumulated other comprehensive income | 12,461 | 103,641 |
74,227,268 | 63,175,560 | |
101,040,242 | 89,611,309 | |
COMMITMENTS AND CONTINGENCIES | ||
SUBSEQUENT EVENTS |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Jul. 31, 2019 | Jul. 31, 2018 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 750,000,000 | 750,000,000 |
Common stock, shares issued (in shares) | 180,896,431 | 161,175,764 |
Common stock, shares outstanding (in shares) | 180,896,431 | 161,175,764 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
COSTS AND EXPENSES | |||
Mineral property expenditures | $ 4,487,537 | $ 4,552,151 | $ 4,120,388 |
General and administrative | 10,142,035 | 11,407,206 | 10,241,681 |
Depreciation, amortization and accretion | 347,441 | 354,624 | 497,728 |
Impairment loss on mineral properties | 297,942 | ||
Inventory write-down | 60,694 | ||
14,977,013 | 16,313,981 | 15,218,433 | |
LOSS FROM OPERATIONS | (14,977,013) | (16,313,981) | (15,218,433) |
OTHER INCOME (EXPENSES) | |||
Interest income | 433,031 | 227,534 | 137,863 |
Interest expenses and finance costs | (3,249,881) | (2,952,202) | (2,914,862) |
(Loss) income from equity-accounted investment | (1,103,356) | 423,657 | |
Other income | 134,545 | 82,543 | 40,078 |
Gain (loss) on disposition of assets | 1,595,513 | (1,696) | (1,055) |
Loss on settlement of liabilities | (49,002) | ||
(2,190,148) | (2,220,164) | (2,786,978) | |
LOSS BEFORE INCOME TAXES | (17,167,161) | (18,534,145) | (18,005,411) |
DEFERRED TAX BENEFITS | 14,372 | 707,511 | 34,355 |
NET LOSS FOR THE YEAR | (17,152,789) | (17,826,634) | (17,971,056) |
OTHER COMPREHENSIVE INCOME, NET OF INCOME TAXES | 12,461 | 118,343 | 28 |
TOTAL COMPREHENSIVE LOSS FOR THE YEAR | $ (17,140,328) | $ (17,708,291) | $ (17,971,028) |
NET LOSS PER SHARE, BASIC AND DILUTED (in dollars per share) | $ (0.10) | $ (0.11) | $ (0.14) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED (in shares) | 175,844,624 | 157,123,025 | 128,244,751 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
OPERATING ACTIVITIES | |||
Net loss for the year | $ (17,152,789) | $ (17,826,634) | $ (17,971,056) |
Adjustments to reconcile net loss to cash flows in operating activities | |||
Stock-based compensation | 2,948,041 | 3,504,058 | 3,769,370 |
Depreciation, amortization and accretion | 347,441 | 354,624 | 497,728 |
Amortization of long-term debt discount | 1,464,989 | 1,180,139 | 1,156,657 |
Impairment loss on mineral properties | 297,942 | ||
Inventory write-down | 60,694 | ||
Re-valuation of asset retirement obligations | (274,195) | (187,255) | |
(Gain) loss on disposition of assets | (1,595,513) | 1,696 | 1,055 |
Deferred tax benefits | (14,372) | (707,511) | (34,355) |
Loss (income) from equity-accounted investment | 1,103,356 | (423,657) | |
Loss on settlement of liabilities | 49,002 | ||
Realized loss on available-for-sale securities | 799 | ||
Reimbursable Expenses for Reno Creek Acquisition | 483,829 | ||
Changes in operating assets and liabilities | |||
Inventories | 2,960 | ||
Prepaid expenses and deposits | (62,225) | 302,258 | 190,580 |
Other current assets | (86,395) | (61,416) | (68,965) |
Accounts payable and accrued liabilities | 679,522 | 681,286 | 1,816,199 |
Due to a related party | 67,873 | 39 | 768 |
NET CASH USED IN OPERATING ACTIVITIES | (12,573,468) | (12,511,289) | (10,418,676) |
FINANCING ACTIVITIES | |||
Proceeds from share issuance, net of issuance costs | 23,843,995 | 604,209 | 26,889,996 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 23,843,995 | 604,209 | 26,889,996 |
INVESTING ACTIVITIES | |||
Net cash and restricted cash received from asset acquisition | 289,038 | 34,972 | |
Investment in mineral rights and properties | (155,000) | (3,588,759) | |
Purchase of property, plant and equipment | (137,287) | (12,304) | (56,407) |
Purchase of equity-accounted investment | (151,676) | ||
Increase in other long-term assets | (346,474) | (864,806) | |
Investment in term deposits | (29,858,126) | (21,771,253) | (16,000,671) |
Proceeds from redemption of term deposits | 18,026,455 | 31,771,253 | 6,000,671 |
Proceeds from disposition of assets | 16,587 | ||
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | (12,107,371) | 6,341,501 | (11,037,917) |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (836,844) | (5,565,579) | 5,433,403 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR | 8,716,422 | 14,282,001 | 8,848,598 |
Total cash, cash equivalents and restricted cash | $ 7,879,578 | $ 8,716,422 | $ 14,282,001 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) | Reno Creek Project [Member]Common Stock [Member] | Reno Creek Project [Member]Additional Paid-in Capital [Member] | Reno Creek Project [Member]Share Issuance Obligation [Member] | Reno Creek Project [Member]Retained Earnings [Member] | Reno Creek Project [Member]AOCI Attributable to Parent [Member] | Reno Creek Project [Member] | North Reno Creek Project [Member]Common Stock [Member] | North Reno Creek Project [Member]Additional Paid-in Capital [Member] | North Reno Creek Project [Member]Share Issuance Obligation [Member] | North Reno Creek Project [Member]Retained Earnings [Member] | North Reno Creek Project [Member]AOCI Attributable to Parent [Member] | North Reno Creek Project [Member] | Diabase Project [Member]Common Stock [Member] | Diabase Project [Member]Additional Paid-in Capital [Member] | Diabase Project [Member]Share Issuance Obligation [Member] | Diabase Project [Member]Retained Earnings [Member] | Diabase Project [Member]AOCI Attributable to Parent [Member] | Diabase Project [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Share Issuance Obligation [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Jul. 31, 2016 | 116,670,457 | |||||||||||||||||||||||
Balance at Jul. 31, 2016 | $ 116,670 | $ 239,701,884 | $ (209,353,946) | $ (14,730) | $ 30,449,878 | |||||||||||||||||||
Issued for equity financing, net of issuance costs (in shares) | 17,330,836 | |||||||||||||||||||||||
Issued for equity financing, net of issuance costs | $ 17,331 | 19,404,020 | $ 19,421,351 | |||||||||||||||||||||
Issued upon exercise of stock options (in shares) | 264,727 | 412,134 | ||||||||||||||||||||||
Issued upon exercise of stock options | $ 266 | 56,659 | $ 56,925 | |||||||||||||||||||||
Issued upon exercise of warrants (in shares) | 1,989,717 | |||||||||||||||||||||||
Issued upon exercise of warrants | $ 1,989 | 2,385,671 | $ 2,387,660 | |||||||||||||||||||||
Issued for credit facility (in shares) | 738,503 | 738,503 | ||||||||||||||||||||||
Issued for credit facility | $ 739 | 1,099,261 | $ 1,100,000 | |||||||||||||||||||||
USE Common shares (in shares) | 61,939 | |||||||||||||||||||||||
14,634,748 UEC common shares at $1.37 per share | $ 62 | 87,555 | 87,617 | |||||||||||||||||||||
Issued for advance royalty payment (in shares) | 46,800 | |||||||||||||||||||||||
Issued for advance royalty payment | $ 46 | 48,626 | 48,672 | |||||||||||||||||||||
Issued for settlement of liabilities (in shares) | 1,015,940 | |||||||||||||||||||||||
Issued for settlement of liabilities | $ 1,016 | 1,523,634 | 1,524,650 | |||||||||||||||||||||
Common stock issued for consulting services (in shares) | 865,386 | |||||||||||||||||||||||
Common stock issued for consulting services | $ 862 | 1,107,075 | 1,107,937 | |||||||||||||||||||||
Common stock issued under Stock Incentive Plan (in shares) | 830,819 | |||||||||||||||||||||||
Common stock issued under Stock Incentive Plan | $ 834 | 945,418 | 638,142 | 1,584,394 | ||||||||||||||||||||
Amortization of stock option expenses | 1,313,289 | 1,313,289 | ||||||||||||||||||||||
Issued for equity financing | 4,409,570 | 4,409,570 | ||||||||||||||||||||||
Issued for equity financing as issuance costs | 614,490 | 614,490 | ||||||||||||||||||||||
Net loss for the year | (17,971,056) | (17,971,056) | ||||||||||||||||||||||
Other comprehensive income | 28 | 28 | ||||||||||||||||||||||
Issued upon exercise of warrants (in shares) | 1,989,717 | |||||||||||||||||||||||
Balance (in shares) at Jul. 31, 2017 | 139,815,124 | |||||||||||||||||||||||
Balance at Jul. 31, 2017 | $ 139,815 | 272,697,152 | 638,142 | (227,325,002) | (14,702) | $ 46,135,405 | ||||||||||||||||||
Issued upon exercise of stock options (in shares) | 1,094,589 | 1,365,625 | ||||||||||||||||||||||
Issued upon exercise of stock options | $ 1,095 | 528,955 | $ 530,050 | |||||||||||||||||||||
Issued upon exercise of warrants (in shares) | 61,799 | |||||||||||||||||||||||
Issued upon exercise of warrants | $ 62 | 74,097 | $ 74,159 | |||||||||||||||||||||
Issued for credit facility (in shares) | 641,574 | 641,574 | ||||||||||||||||||||||
Issued for credit facility | $ 641 | 899,359 | $ 900,000 | |||||||||||||||||||||
Issued for advance royalty payment (in shares) | 46,134 | |||||||||||||||||||||||
Issued for advance royalty payment | $ 46 | 61,774 | 61,820 | |||||||||||||||||||||
Issued for settlement of liabilities (in shares) | 565,499 | |||||||||||||||||||||||
Issued for settlement of liabilities | $ 566 | 845,258 | 845,824 | |||||||||||||||||||||
Common stock issued for consulting services (in shares) | 225,168 | |||||||||||||||||||||||
Common stock issued for consulting services | $ 225 | 349,609 | 349,834 | |||||||||||||||||||||
Common stock issued under Stock Incentive Plan (in shares) | 1,664,285 | |||||||||||||||||||||||
Common stock issued under Stock Incentive Plan | $ 1,664 | 2,348,057 | (638,142) | 1,711,579 | ||||||||||||||||||||
Amortization of stock option expenses | 1,414,629 | 1,414,629 | ||||||||||||||||||||||
Net loss for the year | (17,826,634) | (17,826,634) | ||||||||||||||||||||||
Other comprehensive income | 118,343 | 118,343 | ||||||||||||||||||||||
Issued upon exercise of warrants (in shares) | 61,799 | |||||||||||||||||||||||
Issued for acquisitions (in shares) | 14,852,450 | 14,634,748 | 1,691,215 | 1,625,531 | 164,767 | 164,767 | ||||||||||||||||||
Issued for acquisitions | $ 14,853 | $ 20,317,764 | $ 20,332,617 | $ 1,691 | $ 2,721,165 | $ 2,722,856 | $ 165 | $ 232,156 | $ 232,321 | |||||||||||||||
Issued for Reimbursable Expenses for Reno Creek Acquisition (in shares) | 353,160 | 353,160 | ||||||||||||||||||||||
Issued for Reimbursable Expenses for Reno Creek Acquisition | $ 353 | 483,476 | 483,829 | |||||||||||||||||||||
Issued in connection with Reno Creek Acquisition | 5,088,928 | 5,088,928 | ||||||||||||||||||||||
Balance (in shares) at Jul. 31, 2018 | 161,175,764 | |||||||||||||||||||||||
Balance at Jul. 31, 2018 | $ 161,176 | 308,062,379 | (245,151,636) | 103,641 | 63,175,560 | |||||||||||||||||||
Issued for equity financing, net of issuance costs (in shares) | 12,613,049 | |||||||||||||||||||||||
Issued for equity financing, net of issuance costs | $ 12,613 | 15,978,348 | $ 15,990,961 | |||||||||||||||||||||
Issued upon exercise of stock options (in shares) | 125,879 | 259,625 | ||||||||||||||||||||||
Issued upon exercise of stock options | $ 126 | 72,237 | $ 72,363 | |||||||||||||||||||||
Issued upon exercise of warrants (in shares) | 3,999,881 | |||||||||||||||||||||||
Issued upon exercise of warrants | $ 4,000 | 4,818,357 | 4,822,357 | |||||||||||||||||||||
Issued for credit facility (in shares) | 1,180,328 | |||||||||||||||||||||||
Issued for credit facility | $ 1,180 | 1,398,820 | 1,400,000 | |||||||||||||||||||||
Common stock issued for consulting services (in shares) | 165,404 | |||||||||||||||||||||||
Common stock issued for consulting services | $ 163 | 226,376 | 226,539 | |||||||||||||||||||||
Common stock issued under Stock Incentive Plan (in shares) | 886,126 | |||||||||||||||||||||||
Common stock issued under Stock Incentive Plan | $ 888 | 1,173,956 | 187,100 | 1,361,944 | ||||||||||||||||||||
Amortization of stock option expenses | 1,359,558 | 1,359,558 | ||||||||||||||||||||||
Issued for equity financing | 2,978,250 | 2,978,250 | ||||||||||||||||||||||
Net loss for the year | (17,152,789) | (17,152,789) | ||||||||||||||||||||||
Other comprehensive income | 12,461 | $ 12,461 | ||||||||||||||||||||||
Issued upon exercise of warrants (in shares) | 3,999,881 | |||||||||||||||||||||||
Issued in exchange of warrants pursuant to Securities Exchange Agreement (in shares) | 750,000 | 750,000 | ||||||||||||||||||||||
Issued in exchange of warrants pursuant to Securities Exchange Agreement | $ 750 | 976,814 | $ 977,564 | |||||||||||||||||||||
Exchanged for common stock pursuant to Securities Exchange Agreement | (4,950,000) | (4,950,000) | ||||||||||||||||||||||
Difference from Securities Exchange Agreement | 3,952,500 | 3,952,500 | ||||||||||||||||||||||
Reclassification upon adoption of ASU No. 2016-01 | 103,641 | (103,641) | ||||||||||||||||||||||
Balance (in shares) at Jul. 31, 2019 | 180,896,431 | |||||||||||||||||||||||
Balance at Jul. 31, 2019 | $ 180,896 | $ 336,047,595 | $ 187,100 | $ (262,200,784) | $ 12,461 | $ 74,227,268 |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 1: NATURE OF OPERATIONS Uranium Energy Corp. was incorporated in the State of Nevada on May 16, 2003. Although planned principal operations have commenced from which significant revenues from sales of uranium concentrates were realized for the fiscal years ended July 31, 2015 ( 2015” 2013 2013” 2012 2012” No July 31, 2019 ( 2019 2017 2017” 2016 2016” 2014 2014” 2012. At July 31, 2019, $17.9 $16.6 2019 12 12 |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation These consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) and are presented in United States dollars. All inter-company transactions and balances have been eliminated upon consolidation. Effective August 1, 2018, 2016 18, Exploration Stage We have established the existence of mineralized materials for certain uranium projects, including the Palangana Mine. We have not 7, no November 2010, 7 Since we commenced extraction of mineralized materials at the Palangana Mine without having established proven or probable reserves, any mineralized materials established or extracted from the Palangana Mine should not In accordance with U.S. GAAP, expenditures relating to the acquisition of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time we exit the Exploration Stage by establishing proven or probable reserves. Expenditures relating to exploration activities, such as drill programs to establish mineralized materials, are expensed as incurred. Expenditures relating to pre-extraction activities such as the construction of mine wellfields, ion exchange facilities and disposal wells, are expensed as incurred until such time proven or probable reserves are established for that project, after which expenditures relating to mine development activities for that particular project are capitalized as incurred. Companies in the Production Stage as defined under Industry Guide 7, no may not Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities as of the balance sheet date and the corresponding revenues and expenses for the periods reported. By their nature, these estimates and assumptions are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates and assumptions in future periods could be significant. Significant areas requiring management’s estimates and assumptions include determining the fair value of transactions involving shares of common stock, valuation and impairment losses on mineral rights and properties, valuation of stock-based compensation, valuation of equity-accounted investment, and valuation of long-term debt and asset retirement obligations. Other areas requiring estimates include allocations of expenditures to inventories, depletion and amortization of mineral rights and properties and depreciation of property, plant and equipment. Actual results could differ significantly from those estimates and assumptions. Foreign Currency Translation The functional currency of our Company, including its subsidiaries, is the United States dollar. UEC Resources Ltd., UEC Resources (SK) Ltd. and Cue Resources Ltd. maintain their accounting records in their local currency, the Canadian dollar. Piedra Rica Mining S.A., Transandes Paraguay S.A., MYNM, Trier S.A. and other Paraguayan subsidiaries maintain their accounting records in their local currency, the Paraguayan Guarani. In accordance with ASC 830: Cash and Cash Equivalents Cash and cash equivalents consist of cash balances and term deposits with an original maturity of three Term Deposits Term deposits include short-term deposits held with banks with maturities from three one no Equity-Accounted Investments Investments in an entity in which our ownership is greater than 20% 50%, 323: Other Long-Term Assets Other long-term assets include future expenditures that we have paid in advance but will not one not Mineral Rights Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves, as defined by the SEC under Industry Guide 7, Where proven and probable reserves have been established, in accordance with Industry Guide 7, not not The carrying values of the mineral rights are assessed for impairment by management on a quarterly basis and as required whenever indicators of impairment exist. An impairment loss is recognized if it is determined that the carrying value is not Databases Expenditures relating to mineral property databases are capitalized upon acquisition while those developed internally are expensed as incurred. Mineral property databases are tested for impairment whenever events or changes indicate that the carrying values may not not five Land Use Agreements Expenditures relating to mineral property land use agreements are capitalized upon acquisition. Mineral property land use agreements are tested for impairment whenever events or changes indicate that the carrying values may not not ten Property, Plant and Equipment Property, plant and equipment are recorded at cost and depreciated to their estimated residual values using the straight-line method over their estimated useful lives, as follows: ● Hobson processing facility: 17 ● Mining and logging equipment and vehicles: 5 10 ● Computer equipment: 3 ● Furniture and fixtures: 5 ● Building: 20 Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not not not not Income Taxes Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income for the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment. We recognize deferred taxes on unrealized gains directly within other comprehensive income, and concurrently release part of the valuation allowance resulting in no 740: not Restoration and Remediation Costs (Asset Retirement Obligations) Various federal and state mining laws and regulations require our Company to reclaim the surface areas and restore underground water quality for its mine projects to the pre-existing mine area average quality after the completion of mining. Future reclamation and remediation costs, which include extraction equipment removal and environmental remediation, are accrued at the end of each period based on management’s best estimate of the costs expected to be incurred for each project. Such estimates consider the costs of future surface and groundwater activities, current regulations, actual expenses incurred, and technology and industry standards. In accordance with ASC 410: On a quarterly basis we review changes in assumptions for asset retirement obligation estimates, including changes in estimated probabilities, amounts and timing of cash flows for settlement of the asset retirement obligations, as well as changes in any regulatory or legal obligations for each of its mineral projects. Changes in any one may $Nil Stock-Based Compensation We measure stock-based compensation awards at fair value on the date of the grant and expense the awards in the Consolidated Statements of Operations and Comprehensive Loss over the requisite service period of employees or consultants. The fair value of stock options is determined using the Black-Scholes valuation model. The fair value of restricted stock units (“RSUs”) are based on the share price of the Company at the date of grant. The fair value of performance based restricted stock units (“PRSUs”) is determined using the Monte Carlo simulation model. Stock-based compensation expense related to stock option awards is recognized over the requisite service period on an accelerating basis. Forfeitures are accounted for as they occur. The Company’s estimates may not Earnings (Loss) P er Common Share Basic earnings or loss per share includes no Recent ly Adopted Accounting Standards In May 2014, No. 2014 09, No. 2016 12, 606” 605, may December 15, 2017 not August 1, 2018 We had no August 1, 2018, no 2019, no no 2019. In January 2016, No. 2016 01, 825” not not December 15, 2017, August 1, 2018. $103,641 In November 2016, 2016 18, December 15, 2017, August 1, 2018. no In June 2018, No. 2018 07, 718, 718” 505, No. 2018 07, 718 No. 2018 07 December 15, 2018, no 606. August 1, 2018, 606, not Accounting Policies Not In February 2016, 2016 02, 842, December 15, 2018, We will adopt the standard effective August 1, 2019 August 1, 2019. We will elect the package of practical expedients permitted under the transition guidance within the new standard on adoption, including the following: ● we will elect the short-term lease recognition exemption whereby ROU assets and lease liabilities will not one ● we will elect the land easements practical expedient whereby existing land easements are not ● we will not We continue to finalize our adoption procedures and assess the potential impact of the adoption of this new standard to our consolidated financial statements. |
Note 3 - Term Deposits
Note 3 - Term Deposits | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Term Deposits [Text Block] | NOTE 3 : TERM DEPOSITS At July 31, 2019, $11,831,671 July 31, 2018: $Nil six 2.58% 2.65%. |
Note 4 - Prepaid Expenses and D
Note 4 - Prepaid Expenses and Deposits | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Prepaid Expenses and Deposit [Text Block] | NOTE 4: PREPAID EXPENSES AND DEPOSITS At July 31, 2019, July 31, 2019 July 31, 2018 Prepaid Property Renewal Fees $ 699,043 $ 566,977 Prepaid Insurance 210,085 210,155 Prepaid Listing and Subscriptions 72,331 48,435 Prepaid License Fees 72,666 17,039 Prepaid Surety Bond Premium 27,615 39,192 Deposits and Expense Advances 90,347 87,630 Other Prepaid Expenses 171,371 53,755 $ 1,343,458 $ 1,023,183 |
Note 5 - Mineral Rights and Pro
Note 5 - Mineral Rights and Properties | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Mineral Industries Disclosures [Text Block] | NOTE 5 : MINERAL RIGHTS AND PROPERTIES Mineral Rights At July 31, 2019, July 31, 2019, $2,666,000 The carrying value of these mineral rights and properties are as follows: July 31, 2019 July 31, 2018 Mineral Rights and Properties Palangana Mine $ 6,027,784 $ 6,285,898 Goliad Project 8,689,127 8,689,127 Burke Hollow Project 1,495,750 1,495,750 Longhorn Project 116,870 116,870 Salvo Project 14,905 14,905 Anderson Project 3,470,373 9,154,268 Workman Creek Project 699,854 1,657,500 Los Cuatros Project 257,250 257,250 Slick Rock Project - 646,650 Reno Creek Project 31,527,870 31,527,870 Diabase Project 546,938 546,938 Yuty Project 11,947,144 11,947,144 Oviedo Project 1,133,412 1,133,412 Alto Paraná Titanium Project 1,433,030 1,433,030 Other Property Acquisitions 91,080 91,080 67,451,387 74,997,692 Accumulated Depletion (3,929,884 ) (3,929,884 ) 63,521,503 71,067,808 Databases 2,410,038 2,410,038 Accumulated Amortization (2,409,188 ) (2,405,192 ) 850 4,846 Land Use Agreements 404,310 404,310 Accumulated Amortization (389,768 ) (354,388 ) 14,542 49,922 $ 63,536,895 $ 71,122,576 We have not 7, may not The Palangana Mine has been the Company’s sole source for the uranium concentrates sold to generate sales revenues during Fiscal 2012, 2013 2015, no not may one no During Fiscal 2019, 1% December 4, 2018, 12,000,000 $9,077,842. The fair value of the Consideration Shares, net of transaction costs of $55,787, Fair value of Consideration Shares $ 9,077,842 Transaction costs 55,787 Net consideration $ 9,022,055 Net consideration allocation to: Allocation % Net Consideration Allocation Anderson Project 63 % $ 5,683,895 Workman Creek Project 12 % 1,082,646 Slick Rock Project 25 % 2,255,514 100 % $ 9,022,055 The net consideration allocation amounts have reduced the carrying value of the Anderson Project by $5,683,895, $1,082,646 $676,650. $2,255,514 $676,650 $1,578,864, 2019. During Fiscal 2017, $297,942. $297,942 Mineral property expenditures incurred by major projects were as follows: Year Ended July 31, 2019 2018 2017 Mineral Property Expenditures Palangana Mine $ 1,027,139 $ 1,047,635 $ 880,633 Goliad Project 96,789 105,264 114,286 Burke Hollow Project 1,616,601 675,605 1,020,965 Longhorn Project 45,848 14,401 32,796 Salvo Project 35,923 36,056 37,551 Anderson Project 81,414 68,167 68,303 Workman Creek Project 30,709 31,300 31,265 Slick Rock Project 53,843 52,218 44,231 Reno Creek Project 655,807 1,278,959 - Yuty Project 102,882 425,298 365,517 Oviedo Project 288,324 119,082 331,798 Alto Paraná Titanium Project 168,956 175,768 800,023 Other Mineral Property Expenditures 557,497 522,398 580,275 Revaluation of Asset Retirement Obligations (274,195 ) - (187,255 ) $ 4,487,537 $ 4,552,151 $ 4,120,388 ● Palangana Mine, Texas We hold various mining lease and surface use agreements granting us the exclusive right to explore, develop and mine for uranium at the Palangana Mine, a 6,987 100 five During Fiscal 2019, $258,114 $274,195 11: During Fiscal 2017, $187,255 During Fiscal 2019, 2018 2017, no At July 31, 2019, $6,027,784 July 31, 2018: $6,285,898 $3,929,884 July 31, 2018: $3,929,884 $2,097,900 July 31, 2018: $2,356,014 ● Goliad Project, Texas We hold various mining lease and surface use agreements granting us the exclusive right to explore, develop and mine for uranium at the Goliad Project, a 995 five ● Burke Hollow Project, Texas We hold various mining lease and surface use agreements granting us the exclusive right to explore, develop and mine for uranium at the Burke Hollow Project, a 19,335 five ● Longhorn Project, Texas We hold various mining lease and surface use agreements granting us the exclusive right to explore, develop and mine for uranium at the Longhorn Project, a 651 five ● Salvo Project, Texas We hold various mining lease and surface use agreements granting us the exclusive right to explore, develop and mine for uranium at the Salvo Project, a 1,514 five ● Anderson Project, Arizona We hold an undivided 100% 8,268 During Fiscal 2019, $5,683,895 $3,470,373 July 31, 2019 $9,154,268 July 31, 2018. ● Workman Creek Project, Arizona We hold an undivided 100% 4,036 3.0% $50,000 2016 2017, $100,000 1.5% $1,000,000 January 21, 2024. 0.5% $333,340 January 21, 2024. During Fiscal 2019, $125,000 2018, $75,000 46,134 $61,820 2017, 46,800 $48,672 During Fiscal 2019, $1,082,646. At July 31, 2019, $699,854 July 31, 2018: $1,657,500 ● Los Cuatros Project, Arizona We hold an undivided 100% 640 ● Slick Rock Project, Colorado We hold an undivided 100% 5,333 1.0% 3.0% November 2017. We paid advance royalty payments of $30,000 $31,000, 2019 2018, During Fiscal 2019, $2,255,514 $676,650, $1,578,864 2019. ● Reno Creek Project, Wyoming On August 9, 2017, 100% 97.27% 2.73% May 9, 2017, August 7, 2017 ( Pursuant to the terms of the original Share Purchase Agreement, we agreed to reimburse all costs and expenses (the “Reimbursable Expenses”) incurred by RCHI and its subsidiaries in the ordinary course of business from the effective date of the Share Purchase Agreement to closing, and, pursuant to the Amending Agreement, we also agreed with that the amount to be distributed from RCHI’s subsidiaries to RCHI at closing totaled $1,743,666, Consideration paid in connection with the completion of the Reno Creek Acquisition included the following: ● a cash payment of $909,930; ● 14,392,927 ● an additional 241,821 $340,000 ● 11,308,728 one $2.30 five $4.00 20 may 30 ● a 0.5% $2.5 ● transaction costs of $779,509, $283,013 217,702 In connection with the Reno Creek Acquisition, we also issued 353,160 $483,829, In accordance with ASC 360: not 805: The fair value of the consideration paid and the allocation to the identifiable assets acquired and liabilities assumed by virtue of the Reno Creek Acquisition are summarized as follows: Consideration paid 14,634,748 UEC common shares at $1.37 per share $ 20,049,605 11,308,728 UEC share purchase warrants at $0.45 per warrant 5,088,928 Cash payment 909,930 Transaction costs 779,509 $ 26,827,972 Assets acquired and liabilities assumed Cash and cash equivalents $ 1,247,170 Prepaid expenses 319,874 Restricted cash 73,973 Land and buildings 370,085 Mineral rights and properties 25,553,807 Asset retirement obligations (73,973 ) Deferred tax liabilities (662,964 ) $ 26,827,972 On March 14, 2019, 11,000,000 August 9, 2022, 750,000 $1.33 On May 1, 2018, 100% In accordance with ASC 360: $5,974,063, $2,940,000 1,625,531 $2,617,105 $416,958, $31,527,870 July 31, 2019 2018. The consolidated Reno Creek Project is comprised of U.S. federal mineral lode claims, state mineral leases, various private mineral leases and certain surface use agreements which grant us the exclusive right to explore, develop and mine for uranium on a 19,769 five 20 ● Diabase Project, Canada During Fiscal 2018, 100% In accordance with ASC 360: $546,938, $239,120 164,767 $232,321 $75,497, Concurrently with the closing of the Diabase Acquisition, URC was granted an exclusive right and option to acquire a 100% $125,000 $1,750,000 four The Diabase Project covers an area of 56,106 11 Paraguay Projects During Fiscal 2018 2019, not ● Yuty Project, Paraguay The Yuty Project is a 289,680 one $0.21 ● Oviedo Project, Paraguay The Oviedo Project is a 223,749 one 1.5% 0.5% $166,667 first 1.0%. ● Alto Paran á Titanium Project, Paraguay The Alto Paraná Titanium Project is a 464,548 1.5% July 2023, 0.5% $500,000. |
Note 6 - Property, Plant and Eq
Note 6 - Property, Plant and Equipment | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 6 : PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following: July 31, 2019 July 31, 2018 Cost Accumulated Net Book Cost Accumulated Net Book Hobson Processing Facility $ 6,642,835 $ (773,933 ) $ 5,868,902 $ 6,819,088 $ (773,933 ) $ 6,045,155 Mining Equipment 2,467,557 (2,402,681 ) 64,876 2,438,681 (2,412,277 ) 26,404 Logging Equipment and Vehicles 1,950,229 (1,730,905 ) 219,324 1,971,742 (1,850,306 ) 121,436 Computer Equipment 572,551 (546,652 ) 25,899 607,342 (577,584 ) 29,758 Furniture and Fixtures 170,701 (169,379 ) 1,322 170,701 (168,814 ) 1,887 Land and Buildings 889,606 (27,570 ) 862,036 889,606 (12,694 ) 876,912 $ 12,693,479 $ (5,651,120 ) $ 7,042,359 $ 12,897,160 $ (5,795,608 ) $ 7,101,552 Hobson Processing Facility During Fiscal 2019, $176,253 During Fiscal 2019, no no 2019. |
Note 7 - Restricted Cash
Note 7 - Restricted Cash | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Restricted Cash [Text Block] | NOTE 7 : RE STRICTED CASH Restricted cash (previously reclamation deposits) includes cash and cash equivalents and money market funds as collateral for various bonds posted in favor of applicable state regulatory agencies in Arizona, Texas and Wyoming, for estimated reclamation costs associated with our Palangana Mine, Hobson Processing Facility and Reno Creek Project. Restricted cash will be released upon completion of reclamation of a mineral property or restructuring of a surety and collateral arrangement. July 31, 2019 July 31, 2018 Restricted cash, beginning of period $ 1,789,899 $ 1,706,028 Reclamation deposit received from asset acquisition - 73,973 Refund of reclamation deposit - (819 ) Interest received 31,493 10,717 Restricted cash, end of period $ 1,821,392 $ 1,789,899 Cash, cash equivalents and restricted cash are included in the following accounts at July 31, 2019 2018: July 31, 2019 July 31, 2018 Cash and cash equivalents $ 6,058,186 $ 6,926,523 Restricted cash 1,821,392 1,789,899 Total cash, cash equivalents and restricted cash $ 7,879,578 $ 8,716,422 |
Note 8 - Equity-accounted Inves
Note 8 - Equity-accounted Investment | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | NOTE 8 : EQUITY-ACCOUNTED INVESTMENT During Fiscal 2019, 12,000,000 $9,077,842. 5: 14,000,000 32.6% July 31, 2019 ( July 31, 2018: 11.3% one July 31, 2019. 2019. During Fiscal 2019 2018, Balance, July 31, 2017 $ 151,676 Share of income from URC 29,001 Gain on ownership interest dilution 394,656 Share of other comprehensive income 118,169 Balance, July 31, 2018 693,502 Share consideration received from sale of royalty interests 9,077,842 Share of loss from URC (1,858,901 ) Gain on ownership interest dilution 755,545 Foreign currency translation gain 12,461 Balance, July 31, 2019 $ 8,680,449 |
Note 9 - Due to Related Parties
Note 9 - Due to Related Parties and Related Party Transactions | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 9 : DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS During Fiscal 2019, $149,692, 2018: $148,081; 2017: $174,299 During Fiscal 2018 2017, 104,706 148,368 $141,678 $170,060, no At July 31, 2019, $68,680 July 31, 2018: $807 During the three October 31, 2018, $152,184 CA$200,000 three January 31, 2019, not $Nil July 31, 2019. During Fiscal 2019, 12,000,000 8: 2019. |
Note 10 - Long-term Debt
Note 10 - Long-term Debt | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | NOTE 10 : LONG-TERM DEBT On December 5, 2018, $20,000,000 The key terms of the Third Amended and Restated Credit Agreement are summarized as follows: ● extension of the maturity date from January 1, 2020 January 31, 2022 ● deferral of the prior monthly principal payments until the new maturity date of January 31, 2022; ● issuance of third 7% $1,400,000 1,180,328 ● payment of anniversary fees to the Lenders on each of November 30, 2019, 2020 2021, 7%, 6.5% 6%, 10% five Under the terms of the Third Amended and Restated Credit Agreement, the Credit Facility remains non-revolving with an amended term of 8.5 January 31, 2022, 8% 16.67% $20,000,000 January 31, 2022 $1,400,000, $1,300,000 $1,200,000, November 30, 2019, 2020 2021, The Third Amended and Restated Credit Agreement supersedes, in their entirety, the Second Amended and Restated Credit Agreement, dated and effective February 9, 2016, March 13, 2014, July 30, 2013, At July 31, 2019, July 31, 2019 July 31, 2018 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount (400,037 ) (465,026 ) Long-term debt, net of unamortized discount 19,599,963 19,534,974 Current portion - 10,000,000 Long-term debt, net of current portion $ 19,599,963 $ 9,534,974 During Fiscal 2018, 641,574 $900,000, 4.5% $20,000,000 January 31, 2018, During Fiscal 2017, 738,503 $1,100,000, 5.5% $20,000,000 January 31, 2017, In Fiscal 2019, $1,464,989 2018: $1,180,139; 2017: $1,156,657 The shares issued to the Lenders either as the third The aggregate yearly maturities of long-term debt based on principal amounts outstanding at July 31, 2019 Fiscal 2020 $ - Fiscal 2021 - Fiscal 2022 20,000,000 Total $ 20,000,000 |
Note 11 - Asset Retirement Obli
Note 11 - Asset Retirement Obligations | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Asset Retirement Obligation Disclosure [Text Block] | NOTE 11 : ASSET RETIREMENT OBLIGATIONS The Company’s asset retirement obligations relate to future remediation and decommissioning activities at our Palangana Mine, Hobson Processing Facility and the Alto Parana Titanium Project pilot plant in Paraguay. Balance, July 31, 2018 $ 4,020,282 Accretion 229,362 Revision in estimate of asset retirement obligations (708,562 ) Balance, July 31, 2019 $ 3,541,082 During Fiscal 2019, $532,309, $176,253. 5: 6: The estimated amounts and timing of cash flows and assumptions used for the ARO estimates are as follows: July 31, 2019 July 31, 2018 Undiscounted amount of estimated cash flows $ 8,221,018 $ 7,275,504 Payable in years 9 to 21 5 to 17 Inflation rate 1.56% to 2.17% 1.37% to 2.14% Discount rate 5.50% to 5.96% 5.48% to 6.40% The undiscounted amounts of estimated cash flows for the next five Fiscal 2020 $ - Fiscal 2021 - Fiscal 2022 - Fiscal 2023 - Fiscal 2024 - Remaining balance 8,221,018 $ 8,221,018 |
Note 12 - Capital Stock
Note 12 - Capital Stock | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 1 2 : CAPITAL STOCK Equity Financing On October 3, 2018, 12,613,049 $1.60 $20,180,878 “October 2018 one one one one $2.05 30 In connection with the October 2018 756,782 $2.05 30 The shares were valued at the Company’s closing price of $1.54 October 3, 2018. Expected Risk Free Interest Rate 2.90 % Expected Annual Volatility 63.30 % Expected Contractual Life in Years 2.50 Expected Annual Dividend Yield 0.00 % The net proceeds from the October 2018 Fair Value of Shares $ 19,424,095 Fair Value of Share Purchase Warrants 3,094,693 Total Fair Value Before Allocation to Net Proceeds $ 22,518,788 Gross Proceeds $ 20,180,878 Share Issuance Costs - Cash (1,211,667 ) Net Cash Proceeds Received $ 18,969,211 Relative Fair Value Allocation to: Shares $ 16,362,327 Share Purchase Warrants 2,606,884 $ 18,969,211 On January 20, 2017, 17,330,836 $1.50 $25,996,254 “January 2017 one one one not 9,571,929 9,571,934 one $2.00 three January 2017 906,516 $2.00 three The shares were valued at the Company’s closing price of $1.54 January 20, 2017. Expected Risk Free Interest Rate 1.50 % Expected Annual Volatility 76.96 % Expected Contractual Life in Years 3.00 Expected Annual Dividend Yield 0.00 % The net proceeds from the January 2017 Fair Value of Shares $ 26,689,487 Fair Value of Share Purchase Warrants 5,873,932 Total Fair Value Before Allocation to Net Proceeds $ 32,563,419 Gross Proceeds $ 25,996,254 Share Issuance Costs - Cash (1,550,843 ) Net Cash Proceeds Received $ 24,445,411 Relative Fair Value Allocation to: Shares $ 20,035,841 Share Purchase Warrants 4,409,570 $ 24,445,411 Share Transactions During Fiscal 2019, 11,000,000 750,000 $1.33 $2.30 August 9, 2022, $0.45 August 9, 2017, 5: $4,950,000 $997,500 no Share Purchase Warrants A continuity schedule of outstanding share purchase warrants as at July 31, 2019 Number of Weighted Average Balance, July 31, 2016 13,953,872 $ 1.65 Issued 9,571,929 2.00 Exercised (1,989,717 ) 1.20 Expired (1,859,524 ) 2.60 Balance, July 31, 2017 19,676,560 1.78 Issued 11,358,728 2.30 Exercised (61,799 ) 1.20 Expired (50,000 ) 1.95 Balance, July 31, 2018 30,923,489 1.97 Issued 7,063,253 2.05 Exercised (3,999,881 ) 1.21 Expired (3,542,951 ) 2.13 Exchanged for shares pursuant to Securities Exchange Agreement (11,000,000 ) 2.30 Balance, July 31, 2019 19,443,910 $ 1.94 During Fiscal 2019, $4,822,357 3,999,881 $1.21 A summary of share purchase warrants outstanding and exercisable as at July 31, 2019 Weighted Average Number of Warrants Weighted Average Remaining Contractual Expiry Date $ 2.00 9,571,929 0.47 January 20, 2020 1.35 2,450,000 0.50 January 30, 2020 2.05 7,063,253 1.68 April 3, 2021 2.30 308,728 3.03 August 9, 2022 1.64 50,000 3.81 May 21, 2023 $ 1.94 19,443,910 0.96 |
Note 13 - Stock-based Compensat
Note 13 - Stock-based Compensation | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | NOTE 1 3 : STOCK-BASED COMPENSATION Stock Options At July 31, 2019, one 2019 “2019 2018 no During Fiscal 2019, 2,006,350 2018: 4,083,000; 2017: 672,500 2019 3.7 5 2018 2017 five The fair value of these stock options was estimated at the date of grant, using the Black-Scholes Option Valuation Model, with the following weighted average assumptions: Year Ended July 31, 2019 2018 2017 Expected Risk Free Interest Rate 1.86% 2.24% 1.28% Expected Volatility 65.62% 67.60% 82.40% Expected Life in Years 4.9 3.1 2.9 Expected Dividend Yield 0% 0% 0% Weighted-Average Grant Date Fair Value $0.53 $0.68 $0.77 The majority of the stock options granted in Fiscal 2019 10 2018 2017 five 24 first three six 12.5% 12, 18 24 25% A continuity schedule of outstanding stock options at July 31, 2019, Number of Stock Options Weighted Average Exercise Price Balance, July 31, 2016 12,105,858 $ 1.34 Granted 672,500 1.11 Exercised (412,134 ) 0.56 Expired (100,724 ) 4.35 Forfeited (5,000 ) 0.93 Balance, July 31, 2017 12,260,500 1.33 Granted 4,083,000 1.40 Exercised (1,365,625 ) 0.70 Forfeited (66,250 ) 1.24 Balance, July 31, 2018 14,911,625 1.41 Granted 2,006,350 0.97 Exercised (259,625 ) 1.12 Forfeited/cancelled (910,000 ) 2.41 Expired (10,000 ) 1.50 Balance, July 31, 2019 15,738,350 $ 1.30 The table below sets forth the number of shares issued and cash received upon exercise of the stock options: Year Ended July 31, 2019 2018 2017 Number of Shares Issued Upon Exercise of Options 125,879 1,094,589 264,727 Number of Options Exercised on Forfeiture Basis 193,375 580,625 309,634 Number of Net Shares Issued 59,629 309,589 162,227 Number of Options Exercised on Cash Basis 66,250 785,000 102,500 Cash Received from Exercise of Stock Options $ 72,363 $ 530,050 $ 56,925 Total Intrinsic Value of Options Exercised $ 134,174 $ 1,049,694 $ 232,205 A continuity schedule of outstanding non-vested stock options at July 31, 2019, Number of Unvested Stock Options Weighted Average Grant-Date Fair Value Balance, July 31, 2016 2,323,000 $ 0.51 Granted 672,500 0.77 Vested (2,224,750 ) 0.56 Forfeited (5,000 ) 0.49 Balance, July 31, 2017 765,750 0.58 Granted 4,083,000 0.68 Vested (1,303,000 ) 0.65 Forfeited (66,250 ) 0.62 Balance, July 31, 2018 3,479,500 $ 0.68 Granted 2,006,350 0.53 Vested (2,055,250 ) 0.68 Forfeited (120,000 ) 0.67 Balance, July 31, 2019 3,310,600 $ 0.59 At July 31, 2019, $182,339 $91,712 $90,628 At July 31, 2019, $1,288,825 1.11 A summary of stock options outstanding and exercisable at July 31, 2019 Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Exercisable at Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) $0.93 to $0.99 3,643,100 $ 0.94 6.07 1,766,750 $ 0.94 1.90 $1.00 to $1.49 9,465,000 1.28 0.97 8,989,000 1.28 0.85 $1.50 to $3.75 2,630,250 1.86 3.29 1,672,000 2.06 2.89 15,738,350 $ 1.30 2.54 12,427,750 $ 1.34 1.27 Subsequent to July 31, 2019, 2019 $659,000 188,914 $187,100 July 31, 2019. 597,650 $0.91 24 10 Subsequent to July 31, 2019, 5,990,000 $1.34 Restricted Stock Units During Fiscal 2019, 465,000 $0.9421 three one third one third $0.9421 second third During Fiscal 2019, no no July 31, 2019 465,000. Performance Based Restricted Stock Units During Fiscal 2019, 445,000 X three 0% 200% not one three no These PRSUs have a market condition considered in the determination of the fair value such that the ultimate number of units that vest will be determined in part by total shareholder relative to a group of peer companies. The fair value of these PRSUs was estimated at $1.15 Expected Risk Free Interest Rate 1.99% to 2.20% Expected Volatility 56.74% to 61.75% Expected Dividend Yield 0% Expected Life in Years 3 Correlation 57.10% During Fiscal 2019, no no July 31, 2019, 445,000. Stock - Based Compensation A summary of stock-based compensation expense for Fiscal 2019, 2018 2017 Year Ended July 31, 2019 2018 2017 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 644,307 $ 740,640 $ 1,184,660 Amortization of stock option expenses 153,549 582,842 469,815 797,856 1,323,482 1,654,475 Stock-Based Compensation for Management Common stock issued to management 269,688 702,505 686,584 Amortization of stock option expenses 516,266 284,556 473,811 785,954 987,061 1,160,395 Stock-Based Compensation for Employees Common stock issued to employees 674,488 773,899 584,837 Amortization of stock option expenses 689,743 547,231 369,663 1,364,231 1,321,130 954,500 Settlement of share issuance obligation - (127,615 ) - $ 2,948,041 $ 3,504,058 $ 3,769,370 |
Note 14 - Net Loss Per Share
Note 14 - Net Loss Per Share | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 1 4 : NET LOSS PER SHARE The following table reconciles the weighted average number of shares used in the computation of basic and diluted loss per share for Fiscal 2019, 2018 2017: Year Ended July 31, 2019 2018 2017 Numerator Net Loss for the Year $ (17,152,789 ) $ (17,826,634 ) $ (17,971,056 ) Denominator Basic Weighted Average Number of Shares 175,844,624 157,123,025 128,244,751 Dilutive Stock Options and Warrants - - - Diluted Weighted Average Number of Shares 175,844,624 157,123,025 128,244,751 Net Loss per Share, Basic and Diluted $ (0.10 ) $ (0.11 ) $ (0.14 ) For Fiscal 2019, 2018 2017, 2019, |
Note 15 - Income Taxes
Note 15 - Income Taxes | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 15: INCOME TAXES At July 31, 2019, $166.6 $5.2 may not 2023. $24.0 2019: $6.3 2018: $17.7 $1.8 163 Tax Cut and Jobs Act December 22, 2017. may not not We review the valuation allowance requirements on an annual basis based on projected future operations. When circumstances change resulting in a change in management’s judgement about the recoverability of deferred tax assets, the impact of the change on the valuation allowance will generally be reflected in current income. A reconciliation of income tax computed at the federal and state statutory tax rates including the Company’s effective tax rate is as follows: Year Ended July 31, 2019 2018 2017 Federal income tax provision rate 21.00 % 26.87 % 35.00 % State income tax provision rate, net of federal income tax effect 0.52 % 0.59 % 0.43 % Total income tax provision rate 21.52 % 27.46 % 35.43 % The actual income tax provisions differ from the expected amounts calculated by applying the combined federal and state corporate income tax rates to our loss before income taxes. The components of these differences are as follows: Year Ended July 31, 2019 2018 2017 Loss before income taxes $ (17,167,161 ) $ (18,534,145 ) $ (18,005,411 ) Corporate tax rate 21.52 % 27.46 % 35.43 % Expected tax recovery (3,694,373 ) (5,089,476 ) (6,379,317 ) Increase (decrease) resulting from Foreign tax rate differences 90,391 167,162 185,700 Permanent differences 2,427,665 434,863 446,377 Prior year true-up (160,019 ) (141,814 ) (1,028,592 ) Property acquisition - - (491,798 ) Foreign exchange rate differences 39,667 (41,014 ) (3,248 ) Other (94,291 ) 35,706 81,660 Recognition of deferred tax assets - 430,121 - Change in valuation allowance 1,373,462 4,156,768 7,149,654 Tax adjustment from operations (17,498 ) (47,684 ) (39,564 ) Re-measurement of deferred tax liability at 21% - (232,843 ) - Recognition of deferred tax assets to offset deferred tax liability - (430,121 ) - Unrealized loss, other comprehensive loss 3,126 3,137 5,209 Deferred tax benefits $ (14,372 ) $ (707,511 ) $ (34,355 ) We have incurred taxable losses for all years since inception and, accordingly, no 2019 2017, $14,372 $34,355, 2018, $707,511, $232,843 21% December 22, 2017, $430,121 2018 At July 31, 2019, not The components of income (loss) from operations before income taxes, by tax jurisdiction, are as follows: Year Ended July 31, 2019 2018 2017 United States $ (16,560,132 ) $ (17,709,866 ) $ (17,303,682 ) Canada 120,362 145,267 45,316 Paraguay (727,391 ) (969,546 ) (747,045 ) $ (17,167,161 ) $ (18,534,145 ) $ (18,005,411 ) The Company’s deferred tax assets (liabilities) are as follows: July 31, 2019 July 31, 2018 Deferred tax assets (liabilities) Mineral properties $ 1,256,327 $ 1,587,220 Exploration costs 6,551,403 6,556,355 Stock option expense 4,570,905 4,266,067 Depreciable property (937,614 ) (255,544 ) Inventories (3,343,361 ) (3,894,552 ) Asset retirement obligations 20,561 (28,925 ) Other 35,983 57,060 Section 163(j) interest expense carry forwards 384,109 - Loss carry forward 43,198,434 42,075,593 51,736,747 50,363,274 Valuation allowance (51,739,873 ) (50,366,411 ) Deferred tax assets (3,126 ) (3,137 ) Deferred tax assets, other comprehensive loss 3,126 3,137 Deferred tax liabilities Mineral properties (550,551 ) (564,923 ) Net deferred tax liabilities $ (550,551 ) $ (564,923 ) As the criteria for recognizing deferred income tax assets have not 100% The Company’s U.S. net operating loss carry-forwards expire as follows: July 31, 2023 $ 180,892 July 31, 2024 228,757 July 31, 2025 507,833 July 31, 2026 5,895,221 July 31, 2027 3,892,722 July 31, 2028 9,913,533 July 31, 2029 8,469,032 July 31, 2030 7,319,644 July 31, 2031 14,954,064 July 31, 2032 15,547,890 July 31, 2033 16,865,884 July 31, 2034 22,139,423 July 31, 2035 19,891,560 July 31, 2036 19,024,525 July 31, 2037 20,396,629 July 31, 2038 690,637 July 31, 2039 690,637 $ 166,608,883 For U.S. federal income tax purposes, a change in ownership under IRC Section 382 August 9, 2018 382 The Company’s Canadian net operating loss carry-forwards in Canadian dollars expire as follows: July 31, 2027 $ 183,105 July 31, 2028 629,788 July 31, 2029 769,072 July 31, 2030 764,230 July 31, 2031 1,914,943 July 31, 2032 761,843 July 31, 2033 69,854 July 31, 2034 61,769 July 31, 2035 41,173 July 31, 2036 9,917 July 31, 2037 - July 31, 2038 6,511 July 31, 2039 29,176 $ 5,241,381 |
Note 16 - Fair Value Measurment
Note 16 - Fair Value Measurment | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 16: FAIR VALUE MEASURMENT Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 3 three ● Level 1 ● Level 2 not ● Level 3 no The financial instruments, including cash and cash equivalents, term deposits, other current assets, accounts payable and accrued liabilities and due to related party amounts, are carried at cost, which approximate their fair values due to the immediate or short-term maturity. Restricted cash are primarily investments in money market funds at major financial institutions and their fair values approximate their carrying values. Long-term debt is carried at amortized costs which approximates its fair value. |
Note 17 - Segmented Information
Note 17 - Segmented Information | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 1 7 : SEGMENTED INFORMATION We currently operate in a single At July 31, 2019, $57,223,443 70% $81,330,309. The table below provides a breakdown of the Company’s long-term assets by geographic segment: July 31, 2019 Balance Sheet Items United States Texas Arizona Wyoming Other States Canada Paraguay Total Mineral Rights and Properties $ 12,433,203 $ 4,427,477 $ 31,527,870 $ 87,822 $ 546,938 $ 14,513,585 $ 63,536,895 Property, Plant and Equipment 6,333,950 - 342,515 - 14,223 351,671 7,042,359 Restricted Cash 1,732,419 15,000 73,973 - - - 1,821,392 Equity-Accounted Investment - - - - 8,680,449 - 8,680,449 Other Long-Term Assets 221,214 - 28,000 - - - 249,214 Total Long-Term Assets $ 20,720,786 $ 4,442,477 $ 31,972,358 $ 87,822 $ 9,241,610 $ 14,865,256 $ 81,330,309 July 31, 2018 Balance Sheet Items United States Texas Arizona Wyoming Other States Canada Paraguay Total Mineral Rights and Properties $ 12,729,697 $ 11,069,018 $ 31,527,870 $ 735,468 $ 546,938 $ 14,513,585 $ 71,122,576 Property, Plant and Equipment 6,362,608 - 357,392 - 25,889 355,663 7,101,552 Reclamation Deposits 1,700,926 15,000 73,973 - - - 1,789,899 Equity-Accounted Investment - - - - 693,502 - 693,502 Other Long-Term Assets 416,519 - 146,533 - - - 563,052 Total Long-Term Assets $ 21,209,750 $ 11,084,018 $ 32,105,768 $ 735,468 $ 1,266,329 $ 14,869,248 $ 81,270,581 The table below provides a breakdown of our operating results by geographic segment. All intercompany transactions have been eliminated. Year ended July 31, 2019 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 3,072,855 $ 112,724 $ 655,807 $ 69,910 $ 16,078 $ 560,163 $ 4,487,537 General and administrative 6,619,855 14,040 147,648 3,557 3,165,883 191,052 10,142,035 Depreciation, amortization and accretion 314,599 - 14,876 996 11,666 5,304 347,441 10,007,309 126,764 818,331 74,463 3,193,627 756,519 14,977,013 Loss from operations (10,007,309 ) (126,764 ) (818,331 ) (74,463 ) (3,193,627 ) (756,519 ) (14,977,013 ) Other income (expenses) (3,337,331 ) (18,914 ) 2,284 1,578,864 (432,598 ) 17,547 (2,190,148 ) Loss before income taxes $ (13,344,640 ) $ (145,678 ) $ (816,047 ) $ 1,504,401 $ (3,626,225 ) $ (738,972 ) $ (17,167,161 ) Year ended July 31, 2018 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 2,381,993 $ 100,296 $ 1,282,164 $ 67,550 $ - $ 720,148 $ 4,552,151 General and administrative 7,055,370 13,877 581,277 10,931 3,467,934 277,817 11,407,206 Depreciation, amortization and accretion 325,567 - 12,847 996 11,599 3,615 354,624 9,762,930 114,173 1,876,288 79,477 3,479,533 1,001,580 16,313,981 Loss from operations (9,762,930 ) (114,173 ) (1,876,288 ) (79,477 ) (3,479,533 ) (1,001,580 ) (16,313,981 ) Other income (expenses) (2,630,691 ) (18,914 ) 1,541 - 423,657 4,243 (2,220,164 ) Loss before income taxes $ (12,393,621 ) $ (133,087 ) $ (1,874,747 ) $ (79,477 ) $ (3,055,876 ) $ (997,337 ) $ (18,534,145 ) URANIUM ENERGY CORP. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 201 9 Year ended July 31, 2017 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 2,450,834 $ 101,628 $ - $ 70,588 $ - $ 1,497,338 $ 4,120,388 General and administrative 7,053,270 33,761 - 3,933 3,063,839 86,878 10,241,681 Depreciation, amortization and accretion 487,288 - - 996 8,088 1,356 497,728 Impairment loss on mineral properties 185,942 8,334 - 103,666 - - 297,942 Inventory write-down 60,694 - - - - - 60,694 10,238,028 143,723 - 179,183 3,071,927 1,585,572 15,218,433 Loss from operations (10,238,028 ) (143,723 ) - (179,183 ) (3,071,927 ) (1,585,572 ) (15,218,433 ) Other income (expenses) (2,772,617 ) (18,914 ) - - 636 3,917 (2,786,978 ) Loss before income taxes $ (13,010,645 ) $ (162,637 ) $ - $ (179,183 ) $ (3,071,291 ) $ (1,581,655 ) $ (18,005,411 ) |
Note 18 - Supplemental Cash Flo
Note 18 - Supplemental Cash Flow Information | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | NOTE 1 8 : SUPPLEMENTAL CASH FLOW INFORMATION During Fiscal 2019, 165,404 2018: 225,168; 2017: 865,386 $226,539 2018: $349,834; 2017: $1,107,937 During Fiscal 2019, 888,126 2018:1,265,446; 2017: 846,069 $1,174,844 2018: $1,839,193; 2017: $967,369 During Fiscal 2019, 1,180,328 $1,400,000 third 2018 2017, 641,574 738,503 $900,000 $1,100,000, During Fiscal 2019, $1,622,222 2018; $1,622,222; 2017: $1,622,222 2019, $113,117 2018: $118,944; 2017: $117,069 During Fiscal 2019, 750,000 $997,500 11,000,000 $2.30 August 9, 2022, August 2017. During Fiscal 2019, 12,000,000 $9,077,842 During Fiscal 2018, 398,839 $510,528 $638,142 2017 During Fiscal 2018, 14,634,748 $909,930 353,160 $483,829 217,702 $283,013 During Fiscal 2018, 1,625,531 $2,617,105 $2,940,000 65,684 $105,751 During Fiscal 2018, 164,767 $232,321 $239,120 During Fiscal 2018, 565,499 2017: 351,061 $845,824 2017: $454,195 During Fiscal 2018, 46,134 2017: 46,800 $61,820 2017: $48,672 |
Note 19 - Commitments and Conti
Note 19 - Commitments and Contingencies | 12 Months Ended |
Jul. 31, 2019 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 1 9 : COMMITMENTS AND CONTINGENCIES We are renting or leasing various office or storage space located in the United States, Canada and Paraguay with total monthly payments of $21,757. April 2020 July 2021 The aggregate minimum payments over the next five Fiscal 2020 $ 242,408 Fiscal 2021 178,956 Fiscal 2022 - Fiscal 2023 - $ 421,364 We are committed to pay our key executives a total of $705,000 The Company is subject to ordinary routine litigation incidental to its business. Except as disclosed below, the Company is not On or about March 9, 2011, December 4, 2012, May 24, 2011, 250 th June 14, 2013, January 18, 2013, March 5, 2013, August 8, 2013, August 21, 2013, 60 December 9, 2013, three 60 March 2014, June 17, 2014, 10% not September 9, 2014, August 2013 not On or about October 2, 2015, three two September 2016 January 21, 2016, November 2017, February 10, 2017, September 13, 2017, October 5, 2017, June 14, 2018, August 2018, February 22, 2019, The Company has had communications and filings with the MOPC, the mining regulator in Paraguay, whereby the MOPC is taking the position that certain concessions forming part of the Company’s Yuty and Alto Parana projects are not At any given time, the Company may not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Jul. 31, 2019 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation and Principles of Consolidation These consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) and are presented in United States dollars. All inter-company transactions and balances have been eliminated upon consolidation. Effective August 1, 2018, 2016 18, |
Exploratory Drilling Costs Capitalization and Impairment, Policy [Policy Text Block] | Exploration Stage We have established the existence of mineralized materials for certain uranium projects, including the Palangana Mine. We have not 7, no November 2010, 7 Since we commenced extraction of mineralized materials at the Palangana Mine without having established proven or probable reserves, any mineralized materials established or extracted from the Palangana Mine should not In accordance with U.S. GAAP, expenditures relating to the acquisition of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time we exit the Exploration Stage by establishing proven or probable reserves. Expenditures relating to exploration activities, such as drill programs to establish mineralized materials, are expensed as incurred. Expenditures relating to pre-extraction activities such as the construction of mine wellfields, ion exchange facilities and disposal wells, are expensed as incurred until such time proven or probable reserves are established for that project, after which expenditures relating to mine development activities for that particular project are capitalized as incurred. Companies in the Production Stage as defined under Industry Guide 7, no may not |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities as of the balance sheet date and the corresponding revenues and expenses for the periods reported. By their nature, these estimates and assumptions are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates and assumptions in future periods could be significant. Significant areas requiring management’s estimates and assumptions include determining the fair value of transactions involving shares of common stock, valuation and impairment losses on mineral rights and properties, valuation of stock-based compensation, valuation of equity-accounted investment, and valuation of long-term debt and asset retirement obligations. Other areas requiring estimates include allocations of expenditures to inventories, depletion and amortization of mineral rights and properties and depreciation of property, plant and equipment. Actual results could differ significantly from those estimates and assumptions. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation The functional currency of our Company, including its subsidiaries, is the United States dollar. UEC Resources Ltd., UEC Resources (SK) Ltd. and Cue Resources Ltd. maintain their accounting records in their local currency, the Canadian dollar. Piedra Rica Mining S.A., Transandes Paraguay S.A., MYNM, Trier S.A. and other Paraguayan subsidiaries maintain their accounting records in their local currency, the Paraguayan Guarani. In accordance with ASC 830: |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents consist of cash balances and term deposits with an original maturity of three |
Term Deposits, Policy [Policy Text Block] | Term Deposits Term deposits include short-term deposits held with banks with maturities from three one no |
Equity Method Investments [Policy Text Block] | Equity-Accounted Investments Investments in an entity in which our ownership is greater than 20% 50%, 323: |
Other Non-current Asset, Policy [Policy Text Block] | Other Long-Term Assets Other long-term assets include future expenditures that we have paid in advance but will not one not |
Mineral Rights,Policy [PolicyTextBlock] | Mineral Rights Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves, as defined by the SEC under Industry Guide 7, Where proven and probable reserves have been established, in accordance with Industry Guide 7, not not The carrying values of the mineral rights are assessed for impairment by management on a quarterly basis and as required whenever indicators of impairment exist. An impairment loss is recognized if it is determined that the carrying value is not |
Databases [Policy Text Block] | Databases Expenditures relating to mineral property databases are capitalized upon acquisition while those developed internally are expensed as incurred. Mineral property databases are tested for impairment whenever events or changes indicate that the carrying values may not not five |
Land Use Agreements [Policy Text Block] | Land Use Agreements Expenditures relating to mineral property land use agreements are capitalized upon acquisition. Mineral property land use agreements are tested for impairment whenever events or changes indicate that the carrying values may not not ten |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, Plant and Equipment Property, plant and equipment are recorded at cost and depreciated to their estimated residual values using the straight-line method over their estimated useful lives, as follows: ● Hobson processing facility: 17 ● Mining and logging equipment and vehicles: 5 10 ● Computer equipment: 3 ● Furniture and fixtures: 5 ● Building: 20 |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not not not not |
Income Tax, Policy [Policy Text Block] | Income Taxes Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income for the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment. We recognize deferred taxes on unrealized gains directly within other comprehensive income, and concurrently release part of the valuation allowance resulting in no 740: not |
Asset Retirement Obligation [Policy Text Block] | Restoration and Remediation Costs (Asset Retirement Obligations) Various federal and state mining laws and regulations require our Company to reclaim the surface areas and restore underground water quality for its mine projects to the pre-existing mine area average quality after the completion of mining. Future reclamation and remediation costs, which include extraction equipment removal and environmental remediation, are accrued at the end of each period based on management’s best estimate of the costs expected to be incurred for each project. Such estimates consider the costs of future surface and groundwater activities, current regulations, actual expenses incurred, and technology and industry standards. In accordance with ASC 410: On a quarterly basis we review changes in assumptions for asset retirement obligation estimates, including changes in estimated probabilities, amounts and timing of cash flows for settlement of the asset retirement obligations, as well as changes in any regulatory or legal obligations for each of its mineral projects. Changes in any one may $Nil |
Share-based Payment Arrangement [Policy Text Block] | Stock-Based Compensation We measure stock-based compensation awards at fair value on the date of the grant and expense the awards in the Consolidated Statements of Operations and Comprehensive Loss over the requisite service period of employees or consultants. The fair value of stock options is determined using the Black-Scholes valuation model. The fair value of restricted stock units (“RSUs”) are based on the share price of the Company at the date of grant. The fair value of performance based restricted stock units (“PRSUs”) is determined using the Monte Carlo simulation model. Stock-based compensation expense related to stock option awards is recognized over the requisite service period on an accelerating basis. Forfeitures are accounted for as they occur. The Company’s estimates may not |
Earnings Per Share, Policy [Policy Text Block] | Earnings (Loss) P er Common Share Basic earnings or loss per share includes no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent ly Adopted Accounting Standards In May 2014, No. 2014 09, No. 2016 12, 606” 605, may December 15, 2017 not August 1, 2018 We had no August 1, 2018, no 2019, no no 2019. In January 2016, No. 2016 01, 825” not not December 15, 2017, August 1, 2018. $103,641 In November 2016, 2016 18, December 15, 2017, August 1, 2018. no In June 2018, No. 2018 07, 718, 718” 505, No. 2018 07, 718 No. 2018 07 December 15, 2018, no 606. August 1, 2018, 606, not Accounting Policies Not In February 2016, 2016 02, 842, December 15, 2018, We will adopt the standard effective August 1, 2019 August 1, 2019. We will elect the package of practical expedients permitted under the transition guidance within the new standard on adoption, including the following: ● we will elect the short-term lease recognition exemption whereby ROU assets and lease liabilities will not one ● we will elect the land easements practical expedient whereby existing land easements are not ● we will not We continue to finalize our adoption procedures and assess the potential impact of the adoption of this new standard to our consolidated financial statements. |
Note 4 - Prepaid Expenses and_2
Note 4 - Prepaid Expenses and Deposits (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block] | July 31, 2019 July 31, 2018 Prepaid Property Renewal Fees $ 699,043 $ 566,977 Prepaid Insurance 210,085 210,155 Prepaid Listing and Subscriptions 72,331 48,435 Prepaid License Fees 72,666 17,039 Prepaid Surety Bond Premium 27,615 39,192 Deposits and Expense Advances 90,347 87,630 Other Prepaid Expenses 171,371 53,755 $ 1,343,458 $ 1,023,183 |
Note 5 - Mineral Rights and P_2
Note 5 - Mineral Rights and Properties (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Schedule Of Mineral Rights and Property Acquisition Costs [Table Text Block] | July 31, 2019 July 31, 2018 Mineral Rights and Properties Palangana Mine $ 6,027,784 $ 6,285,898 Goliad Project 8,689,127 8,689,127 Burke Hollow Project 1,495,750 1,495,750 Longhorn Project 116,870 116,870 Salvo Project 14,905 14,905 Anderson Project 3,470,373 9,154,268 Workman Creek Project 699,854 1,657,500 Los Cuatros Project 257,250 257,250 Slick Rock Project - 646,650 Reno Creek Project 31,527,870 31,527,870 Diabase Project 546,938 546,938 Yuty Project 11,947,144 11,947,144 Oviedo Project 1,133,412 1,133,412 Alto Paraná Titanium Project 1,433,030 1,433,030 Other Property Acquisitions 91,080 91,080 67,451,387 74,997,692 Accumulated Depletion (3,929,884 ) (3,929,884 ) 63,521,503 71,067,808 Databases 2,410,038 2,410,038 Accumulated Amortization (2,409,188 ) (2,405,192 ) 850 4,846 Land Use Agreements 404,310 404,310 Accumulated Amortization (389,768 ) (354,388 ) 14,542 49,922 $ 63,536,895 $ 71,122,576 |
Schedule Of Mineral Rights and Property, Fair Value of Consideration Shares [Table Text Block] | Fair value of Consideration Shares $ 9,077,842 Transaction costs 55,787 Net consideration $ 9,022,055 |
Schedule Of Mineral Rights and Properties Net Consideration Allocation [Table Text Block] | Net consideration allocation to: Allocation % Net Consideration Allocation Anderson Project 63 % $ 5,683,895 Workman Creek Project 12 % 1,082,646 Slick Rock Project 25 % 2,255,514 100 % $ 9,022,055 |
Schedule Of Mineral Property Expenditures Incurred by Major Projects [Table Text Block] | Year Ended July 31, 2019 2018 2017 Mineral Property Expenditures Palangana Mine $ 1,027,139 $ 1,047,635 $ 880,633 Goliad Project 96,789 105,264 114,286 Burke Hollow Project 1,616,601 675,605 1,020,965 Longhorn Project 45,848 14,401 32,796 Salvo Project 35,923 36,056 37,551 Anderson Project 81,414 68,167 68,303 Workman Creek Project 30,709 31,300 31,265 Slick Rock Project 53,843 52,218 44,231 Reno Creek Project 655,807 1,278,959 - Yuty Project 102,882 425,298 365,517 Oviedo Project 288,324 119,082 331,798 Alto Paraná Titanium Project 168,956 175,768 800,023 Other Mineral Property Expenditures 557,497 522,398 580,275 Revaluation of Asset Retirement Obligations (274,195 ) - (187,255 ) $ 4,487,537 $ 4,552,151 $ 4,120,388 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Consideration paid 14,634,748 UEC common shares at $1.37 per share $ 20,049,605 11,308,728 UEC share purchase warrants at $0.45 per warrant 5,088,928 Cash payment 909,930 Transaction costs 779,509 $ 26,827,972 Assets acquired and liabilities assumed Cash and cash equivalents $ 1,247,170 Prepaid expenses 319,874 Restricted cash 73,973 Land and buildings 370,085 Mineral rights and properties 25,553,807 Asset retirement obligations (73,973 ) Deferred tax liabilities (662,964 ) $ 26,827,972 |
Note 6 - Property, Plant and _2
Note 6 - Property, Plant and Equipment (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | July 31, 2019 July 31, 2018 Cost Accumulated Net Book Cost Accumulated Net Book Hobson Processing Facility $ 6,642,835 $ (773,933 ) $ 5,868,902 $ 6,819,088 $ (773,933 ) $ 6,045,155 Mining Equipment 2,467,557 (2,402,681 ) 64,876 2,438,681 (2,412,277 ) 26,404 Logging Equipment and Vehicles 1,950,229 (1,730,905 ) 219,324 1,971,742 (1,850,306 ) 121,436 Computer Equipment 572,551 (546,652 ) 25,899 607,342 (577,584 ) 29,758 Furniture and Fixtures 170,701 (169,379 ) 1,322 170,701 (168,814 ) 1,887 Land and Buildings 889,606 (27,570 ) 862,036 889,606 (12,694 ) 876,912 $ 12,693,479 $ (5,651,120 ) $ 7,042,359 $ 12,897,160 $ (5,795,608 ) $ 7,101,552 |
Note 7 - Restricted Cash (Table
Note 7 - Restricted Cash (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Restrictions on Cash and Cash Equivalents [Table Text Block] | July 31, 2019 July 31, 2018 Restricted cash, beginning of period $ 1,789,899 $ 1,706,028 Reclamation deposit received from asset acquisition - 73,973 Refund of reclamation deposit - (819 ) Interest received 31,493 10,717 Restricted cash, end of period $ 1,821,392 $ 1,789,899 |
Schedule of Cash and Cash Equivalents and Restricted Cash [Table Text Block] | July 31, 2019 July 31, 2018 Cash and cash equivalents $ 6,058,186 $ 6,926,523 Restricted cash 1,821,392 1,789,899 Total cash, cash equivalents and restricted cash $ 7,879,578 $ 8,716,422 |
Note 8 - Equity-accounted Inv_2
Note 8 - Equity-accounted Investment (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Balance, July 31, 2017 $ 151,676 Share of income from URC 29,001 Gain on ownership interest dilution 394,656 Share of other comprehensive income 118,169 Balance, July 31, 2018 693,502 Share consideration received from sale of royalty interests 9,077,842 Share of loss from URC (1,858,901 ) Gain on ownership interest dilution 755,545 Foreign currency translation gain 12,461 Balance, July 31, 2019 $ 8,680,449 |
Note 10 - Long-term Debt (Table
Note 10 - Long-term Debt (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | July 31, 2019 July 31, 2018 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount (400,037 ) (465,026 ) Long-term debt, net of unamortized discount 19,599,963 19,534,974 Current portion - 10,000,000 Long-term debt, net of current portion $ 19,599,963 $ 9,534,974 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Fiscal 2020 $ - Fiscal 2021 - Fiscal 2022 20,000,000 Total $ 20,000,000 |
Note 11 - Asset Retirement Ob_2
Note 11 - Asset Retirement Obligations (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Schedule of Change in Asset Retirement Obligation [Table Text Block] | Balance, July 31, 2018 $ 4,020,282 Accretion 229,362 Revision in estimate of asset retirement obligations (708,562 ) Balance, July 31, 2019 $ 3,541,082 |
Schedule Of Estimated Cash flow and Assumption Used For ARO [Table Text Block] | July 31, 2019 July 31, 2018 Undiscounted amount of estimated cash flows $ 8,221,018 $ 7,275,504 Payable in years 9 to 21 5 to 17 Inflation rate 1.56% to 2.17% 1.37% to 2.14% Discount rate 5.50% to 5.96% 5.48% to 6.40% |
Schedule Of Undiscounted Amounts Of Estimated Cash Flows [Table Text Block] | Fiscal 2020 $ - Fiscal 2021 - Fiscal 2022 - Fiscal 2023 - Fiscal 2024 - Remaining balance 8,221,018 $ 8,221,018 |
Note 12 - Capital Stock (Tables
Note 12 - Capital Stock (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Schedule of Warrants, Valuation Assumptions [Table Text Block] | Expected Risk Free Interest Rate 2.90 % Expected Annual Volatility 63.30 % Expected Contractual Life in Years 2.50 Expected Annual Dividend Yield 0.00 % Expected Risk Free Interest Rate 1.50 % Expected Annual Volatility 76.96 % Expected Contractual Life in Years 3.00 Expected Annual Dividend Yield 0.00 % |
Schedule of Net Proceeds Allocation [Table Text Block] | Fair Value of Shares $ 19,424,095 Fair Value of Share Purchase Warrants 3,094,693 Total Fair Value Before Allocation to Net Proceeds $ 22,518,788 Gross Proceeds $ 20,180,878 Share Issuance Costs - Cash (1,211,667 ) Net Cash Proceeds Received $ 18,969,211 Relative Fair Value Allocation to: Shares $ 16,362,327 Share Purchase Warrants 2,606,884 $ 18,969,211 Fair Value of Shares $ 26,689,487 Fair Value of Share Purchase Warrants 5,873,932 Total Fair Value Before Allocation to Net Proceeds $ 32,563,419 Gross Proceeds $ 25,996,254 Share Issuance Costs - Cash (1,550,843 ) Net Cash Proceeds Received $ 24,445,411 Relative Fair Value Allocation to: Shares $ 20,035,841 Share Purchase Warrants 4,409,570 $ 24,445,411 |
Schedule Of Share based Compensation Warrants Activity [Table Text Block] | Number of Weighted Average Balance, July 31, 2016 13,953,872 $ 1.65 Issued 9,571,929 2.00 Exercised (1,989,717 ) 1.20 Expired (1,859,524 ) 2.60 Balance, July 31, 2017 19,676,560 1.78 Issued 11,358,728 2.30 Exercised (61,799 ) 1.20 Expired (50,000 ) 1.95 Balance, July 31, 2018 30,923,489 1.97 Issued 7,063,253 2.05 Exercised (3,999,881 ) 1.21 Expired (3,542,951 ) 2.13 Exchanged for shares pursuant to Securities Exchange Agreement (11,000,000 ) 2.30 Balance, July 31, 2019 19,443,910 $ 1.94 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Weighted Average Number of Warrants Weighted Average Remaining Contractual Expiry Date $ 2.00 9,571,929 0.47 January 20, 2020 1.35 2,450,000 0.50 January 30, 2020 2.05 7,063,253 1.68 April 3, 2021 2.30 308,728 3.03 August 9, 2022 1.64 50,000 3.81 May 21, 2023 $ 1.94 19,443,910 0.96 |
Note 13 - Stock-based Compens_2
Note 13 - Stock-based Compensation (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Year Ended July 31, 2019 2018 2017 Expected Risk Free Interest Rate 1.86% 2.24% 1.28% Expected Volatility 65.62% 67.60% 82.40% Expected Life in Years 4.9 3.1 2.9 Expected Dividend Yield 0% 0% 0% Weighted-Average Grant Date Fair Value $0.53 $0.68 $0.77 Expected Risk Free Interest Rate 1.99% to 2.20% Expected Volatility 56.74% to 61.75% Expected Dividend Yield 0% Expected Life in Years 3 Correlation 57.10% |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of Stock Options Weighted Average Exercise Price Balance, July 31, 2016 12,105,858 $ 1.34 Granted 672,500 1.11 Exercised (412,134 ) 0.56 Expired (100,724 ) 4.35 Forfeited (5,000 ) 0.93 Balance, July 31, 2017 12,260,500 1.33 Granted 4,083,000 1.40 Exercised (1,365,625 ) 0.70 Forfeited (66,250 ) 1.24 Balance, July 31, 2018 14,911,625 1.41 Granted 2,006,350 0.97 Exercised (259,625 ) 1.12 Forfeited/cancelled (910,000 ) 2.41 Expired (10,000 ) 1.50 Balance, July 31, 2019 15,738,350 $ 1.30 |
Cash Proceeds Received and Tax Benefit from Share-based Payment Awards [Table Text Block] | Year Ended July 31, 2019 2018 2017 Number of Shares Issued Upon Exercise of Options 125,879 1,094,589 264,727 Number of Options Exercised on Forfeiture Basis 193,375 580,625 309,634 Number of Net Shares Issued 59,629 309,589 162,227 Number of Options Exercised on Cash Basis 66,250 785,000 102,500 Cash Received from Exercise of Stock Options $ 72,363 $ 530,050 $ 56,925 Total Intrinsic Value of Options Exercised $ 134,174 $ 1,049,694 $ 232,205 |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | Number of Unvested Stock Options Weighted Average Grant-Date Fair Value Balance, July 31, 2016 2,323,000 $ 0.51 Granted 672,500 0.77 Vested (2,224,750 ) 0.56 Forfeited (5,000 ) 0.49 Balance, July 31, 2017 765,750 0.58 Granted 4,083,000 0.68 Vested (1,303,000 ) 0.65 Forfeited (66,250 ) 0.62 Balance, July 31, 2018 3,479,500 $ 0.68 Granted 2,006,350 0.53 Vested (2,055,250 ) 0.68 Forfeited (120,000 ) 0.67 Balance, July 31, 2019 3,310,600 $ 0.59 |
Share-based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Exercisable at Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) $0.93 to $0.99 3,643,100 $ 0.94 6.07 1,766,750 $ 0.94 1.90 $1.00 to $1.49 9,465,000 1.28 0.97 8,989,000 1.28 0.85 $1.50 to $3.75 2,630,250 1.86 3.29 1,672,000 2.06 2.89 15,738,350 $ 1.30 2.54 12,427,750 $ 1.34 1.27 |
Share-based Payment Arrangement, Cost by Plan [Table Text Block] | Year Ended July 31, 2019 2018 2017 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 644,307 $ 740,640 $ 1,184,660 Amortization of stock option expenses 153,549 582,842 469,815 797,856 1,323,482 1,654,475 Stock-Based Compensation for Management Common stock issued to management 269,688 702,505 686,584 Amortization of stock option expenses 516,266 284,556 473,811 785,954 987,061 1,160,395 Stock-Based Compensation for Employees Common stock issued to employees 674,488 773,899 584,837 Amortization of stock option expenses 689,743 547,231 369,663 1,364,231 1,321,130 954,500 Settlement of share issuance obligation - (127,615 ) - $ 2,948,041 $ 3,504,058 $ 3,769,370 |
Note 14 - Net Loss Per Share (T
Note 14 - Net Loss Per Share (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year Ended July 31, 2019 2018 2017 Numerator Net Loss for the Year $ (17,152,789 ) $ (17,826,634 ) $ (17,971,056 ) Denominator Basic Weighted Average Number of Shares 175,844,624 157,123,025 128,244,751 Dilutive Stock Options and Warrants - - - Diluted Weighted Average Number of Shares 175,844,624 157,123,025 128,244,751 Net Loss per Share, Basic and Diluted $ (0.10 ) $ (0.11 ) $ (0.14 ) |
Note 15 - Income Taxes (Tables)
Note 15 - Income Taxes (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year Ended July 31, 2019 2018 2017 Federal income tax provision rate 21.00 % 26.87 % 35.00 % State income tax provision rate, net of federal income tax effect 0.52 % 0.59 % 0.43 % Total income tax provision rate 21.52 % 27.46 % 35.43 % |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year Ended July 31, 2019 2018 2017 Loss before income taxes $ (17,167,161 ) $ (18,534,145 ) $ (18,005,411 ) Corporate tax rate 21.52 % 27.46 % 35.43 % Expected tax recovery (3,694,373 ) (5,089,476 ) (6,379,317 ) Increase (decrease) resulting from Foreign tax rate differences 90,391 167,162 185,700 Permanent differences 2,427,665 434,863 446,377 Prior year true-up (160,019 ) (141,814 ) (1,028,592 ) Property acquisition - - (491,798 ) Foreign exchange rate differences 39,667 (41,014 ) (3,248 ) Other (94,291 ) 35,706 81,660 Recognition of deferred tax assets - 430,121 - Change in valuation allowance 1,373,462 4,156,768 7,149,654 Tax adjustment from operations (17,498 ) (47,684 ) (39,564 ) Re-measurement of deferred tax liability at 21% - (232,843 ) - Recognition of deferred tax assets to offset deferred tax liability - (430,121 ) - Unrealized loss, other comprehensive loss 3,126 3,137 5,209 Deferred tax benefits $ (14,372 ) $ (707,511 ) $ (34,355 ) |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Year Ended July 31, 2019 2018 2017 United States $ (16,560,132 ) $ (17,709,866 ) $ (17,303,682 ) Canada 120,362 145,267 45,316 Paraguay (727,391 ) (969,546 ) (747,045 ) $ (17,167,161 ) $ (18,534,145 ) $ (18,005,411 ) |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | July 31, 2019 July 31, 2018 Deferred tax assets (liabilities) Mineral properties $ 1,256,327 $ 1,587,220 Exploration costs 6,551,403 6,556,355 Stock option expense 4,570,905 4,266,067 Depreciable property (937,614 ) (255,544 ) Inventories (3,343,361 ) (3,894,552 ) Asset retirement obligations 20,561 (28,925 ) Other 35,983 57,060 Section 163(j) interest expense carry forwards 384,109 - Loss carry forward 43,198,434 42,075,593 51,736,747 50,363,274 Valuation allowance (51,739,873 ) (50,366,411 ) Deferred tax assets (3,126 ) (3,137 ) Deferred tax assets, other comprehensive loss 3,126 3,137 Deferred tax liabilities Mineral properties (550,551 ) (564,923 ) Net deferred tax liabilities $ (550,551 ) $ (564,923 ) |
Summary of Operating Loss Carryforwards [Table Text Block] | July 31, 2023 $ 180,892 July 31, 2024 228,757 July 31, 2025 507,833 July 31, 2026 5,895,221 July 31, 2027 3,892,722 July 31, 2028 9,913,533 July 31, 2029 8,469,032 July 31, 2030 7,319,644 July 31, 2031 14,954,064 July 31, 2032 15,547,890 July 31, 2033 16,865,884 July 31, 2034 22,139,423 July 31, 2035 19,891,560 July 31, 2036 19,024,525 July 31, 2037 20,396,629 July 31, 2038 690,637 July 31, 2039 690,637 $ 166,608,883 July 31, 2027 $ 183,105 July 31, 2028 629,788 July 31, 2029 769,072 July 31, 2030 764,230 July 31, 2031 1,914,943 July 31, 2032 761,843 July 31, 2033 69,854 July 31, 2034 61,769 July 31, 2035 41,173 July 31, 2036 9,917 July 31, 2037 - July 31, 2038 6,511 July 31, 2039 29,176 $ 5,241,381 |
Note 17 - Segmented Informati_2
Note 17 - Segmented Information (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Long-lived Assets by Geographic Areas [Table Text Block] | July 31, 2019 Balance Sheet Items United States Texas Arizona Wyoming Other States Canada Paraguay Total Mineral Rights and Properties $ 12,433,203 $ 4,427,477 $ 31,527,870 $ 87,822 $ 546,938 $ 14,513,585 $ 63,536,895 Property, Plant and Equipment 6,333,950 - 342,515 - 14,223 351,671 7,042,359 Restricted Cash 1,732,419 15,000 73,973 - - - 1,821,392 Equity-Accounted Investment - - - - 8,680,449 - 8,680,449 Other Long-Term Assets 221,214 - 28,000 - - - 249,214 Total Long-Term Assets $ 20,720,786 $ 4,442,477 $ 31,972,358 $ 87,822 $ 9,241,610 $ 14,865,256 $ 81,330,309 July 31, 2018 Balance Sheet Items United States Texas Arizona Wyoming Other States Canada Paraguay Total Mineral Rights and Properties $ 12,729,697 $ 11,069,018 $ 31,527,870 $ 735,468 $ 546,938 $ 14,513,585 $ 71,122,576 Property, Plant and Equipment 6,362,608 - 357,392 - 25,889 355,663 7,101,552 Reclamation Deposits 1,700,926 15,000 73,973 - - - 1,789,899 Equity-Accounted Investment - - - - 693,502 - 693,502 Other Long-Term Assets 416,519 - 146,533 - - - 563,052 Total Long-Term Assets $ 21,209,750 $ 11,084,018 $ 32,105,768 $ 735,468 $ 1,266,329 $ 14,869,248 $ 81,270,581 |
Operating Results by Geographic Areas [Table Text Block] | Year ended July 31, 2019 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 3,072,855 $ 112,724 $ 655,807 $ 69,910 $ 16,078 $ 560,163 $ 4,487,537 General and administrative 6,619,855 14,040 147,648 3,557 3,165,883 191,052 10,142,035 Depreciation, amortization and accretion 314,599 - 14,876 996 11,666 5,304 347,441 10,007,309 126,764 818,331 74,463 3,193,627 756,519 14,977,013 Loss from operations (10,007,309 ) (126,764 ) (818,331 ) (74,463 ) (3,193,627 ) (756,519 ) (14,977,013 ) Other income (expenses) (3,337,331 ) (18,914 ) 2,284 1,578,864 (432,598 ) 17,547 (2,190,148 ) Loss before income taxes $ (13,344,640 ) $ (145,678 ) $ (816,047 ) $ 1,504,401 $ (3,626,225 ) $ (738,972 ) $ (17,167,161 ) Year ended July 31, 2018 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 2,381,993 $ 100,296 $ 1,282,164 $ 67,550 $ - $ 720,148 $ 4,552,151 General and administrative 7,055,370 13,877 581,277 10,931 3,467,934 277,817 11,407,206 Depreciation, amortization and accretion 325,567 - 12,847 996 11,599 3,615 354,624 9,762,930 114,173 1,876,288 79,477 3,479,533 1,001,580 16,313,981 Loss from operations (9,762,930 ) (114,173 ) (1,876,288 ) (79,477 ) (3,479,533 ) (1,001,580 ) (16,313,981 ) Other income (expenses) (2,630,691 ) (18,914 ) 1,541 - 423,657 4,243 (2,220,164 ) Loss before income taxes $ (12,393,621 ) $ (133,087 ) $ (1,874,747 ) $ (79,477 ) $ (3,055,876 ) $ (997,337 ) $ (18,534,145 ) Year ended July 31, 2017 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 2,450,834 $ 101,628 $ - $ 70,588 $ - $ 1,497,338 $ 4,120,388 General and administrative 7,053,270 33,761 - 3,933 3,063,839 86,878 10,241,681 Depreciation, amortization and accretion 487,288 - - 996 8,088 1,356 497,728 Impairment loss on mineral properties 185,942 8,334 - 103,666 - - 297,942 Inventory write-down 60,694 - - - - - 60,694 10,238,028 143,723 - 179,183 3,071,927 1,585,572 15,218,433 Loss from operations (10,238,028 ) (143,723 ) - (179,183 ) (3,071,927 ) (1,585,572 ) (15,218,433 ) Other income (expenses) (2,772,617 ) (18,914 ) - - 636 3,917 (2,786,978 ) Loss before income taxes $ (13,010,645 ) $ (162,637 ) $ - $ (179,183 ) $ (3,071,291 ) $ (1,581,655 ) $ (18,005,411 ) |
Note 19 - Commitments and Con_2
Note 19 - Commitments and Contingencies (Tables) | 12 Months Ended |
Jul. 31, 2019 | |
Notes Tables | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Fiscal 2020 $ 242,408 Fiscal 2021 178,956 Fiscal 2022 - Fiscal 2023 - $ 421,364 |
Note 1 - Nature of Operations (
Note 1 - Nature of Operations (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |||
Jul. 31, 2019 | Jul. 31, 2017 | Jul. 31, 2016 | Jul. 31, 2014 | |
Revenue from Contract with Customer, Including Assessed Tax | $ 0 | $ 0 | $ 0 | $ 0 |
Cash, Cash Equivalents, and Term Deposits | 17,900 | |||
Working Capital | $ 16,600 | |||
Entity Incorporation, Date of Incorporation | May 16, 2003 |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Details Textual) | 12 Months Ended |
Jul. 31, 2019USD ($) | |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | |
AOCI Attributable to Parent [Member] | |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | (103,641) |
Retained Earnings [Member] | |
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification | $ 103,641 |
Mineral Rights, Databases [Member] | |
Mineral Property, Useful Life | 5 years |
Mineral Rights, Databases [Member] | Minimum [Member] | |
Property, Plant and Equipment, Estimated Useful Lives | 5 |
Mineral Rights, Databases [Member] | Maximum [Member] | |
Property, Plant and Equipment, Estimated Useful Lives | 10 |
Mineral Property, Land [Member] | |
Mineral Property, Useful Life | 10 years |
Hobson Processing Facility [Member] | |
Property, Plant and Equipment, Estimated Useful Lives | 17 |
Computer Equipment [Member] | |
Property, Plant and Equipment, Estimated Useful Lives | 3 |
Furniture and Fixtures [Member] | |
Property, Plant and Equipment, Estimated Useful Lives | 5 |
Building [Member] | |
Property, Plant and Equipment, Estimated Useful Lives | 20 |
Note 3 - Term Deposits (Details
Note 3 - Term Deposits (Details Textual) - USD ($) | 12 Months Ended | |
Jul. 31, 2019 | Jul. 31, 2018 | |
Short-term Investments, Total | $ 11,831,671 | $ 0 |
Term Deposits, Term | 180 days | |
Minimum [Member] | ||
Term Deposits, Interest Rate | 2.58% | |
Maximum [Member] | ||
Term Deposits, Interest Rate | 2.65% |
Note 4 - Prepaid Expenses and_3
Note 4 - Prepaid Expenses and Deposits - Prepaid Expenses and Deposits (Details) - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 |
Prepaid Property Renewal Fees | $ 699,043 | $ 566,977 |
Prepaid Insurance | 210,085 | 210,155 |
Prepaid Listing and Subscriptions | 72,331 | 48,435 |
Prepaid License Fees | 72,666 | 17,039 |
Prepaid Surety Bond Premium | 27,615 | 39,192 |
Deposits and Expense Advances | 90,347 | 87,630 |
Other Prepaid Expenses | 171,371 | 53,755 |
$ 1,343,458 | $ 1,023,183 |
Note 5 - Mineral Rights and P_3
Note 5 - Mineral Rights and Properties (Details Textual) | Aug. 07, 2019USD ($)$ / sharesshares | Mar. 14, 2019$ / sharesshares | May 01, 2018USD ($)shares | Aug. 09, 2017USD ($)shares | Jul. 31, 2019USD ($)a$ / sharesshares | Jul. 31, 2018USD ($)$ / sharesshares | Jul. 31, 2018CAD ($)shares | Jul. 31, 2017USD ($)$ / sharesshares | Jul. 31, 2016USD ($)$ / sharesshares |
Annual Property Maintenance Fees | $ 2,666,000 | ||||||||
Consideration Shares, Fair Value, Net | 9,022,055 | ||||||||
Gain (Loss) on Disposition of Assets, Total | 1,595,513 | $ (1,696) | $ (1,055) | ||||||
Exploration Abandonment and Impairment Expense | 297,942 | ||||||||
Revaluation Of Asset Retirement Obligations | 274,195 | $ 187,255 | |||||||
Mineral Properties, Gross | 67,451,387 | 74,997,692 | |||||||
Mineral Properties, Accumulated Depletion | $ 3,929,884 | $ 3,929,884 | |||||||
Class of Warrant or Right, Outstanding | shares | 19,443,910 | 30,923,489 | 19,676,560 | 13,953,872 | |||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 1.33 | $ 1.94 | $ 1.97 | $ 1.78 | $ 1.65 | ||||
Royalty Profit Interest Rate | 0.50% | ||||||||
Capped Royalty Amount | $ 2,500,000 | ||||||||
Asset Acquisition Related Costs | 779,509 | ||||||||
Shares Issued During Period,Value For Asset Acquisition Transaction Cost | $ 283,013 | ||||||||
Shares Issued During Period,Shares For Asset Acquisition Transaction Cost | shares | 217,702 | ||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | shares | 11,000,000 | ||||||||
Aggregate Number of Shares for Common Stock | shares | 750,000 | ||||||||
Common Stock [Member] | |||||||||
Stock Issued During Period, Shares, Settlement Of Reimbursable Expenses | shares | 353,160 | 353,160 | |||||||
Stock Issued During Period, Value, Settlement of Reimbursable Expenses | $ 483,829 | ||||||||
Reno Creek Project [Member] | |||||||||
Area of Land | a | 19,769 | ||||||||
Mineral Properties, Gross | $ 31,527,870 | $ 31,527,870 | |||||||
Approved Distribution Amount | $ 1,743,666 | ||||||||
Payment To Acquire Assets | $ 909,930 | ||||||||
Stock Issued During Period, Shares, Acquisitions | shares | 14,392,927 | 14,634,748 | 14,634,748 | ||||||
Asset Acquisition Equity Interest Issued Or Issuable Additional Number Of Shares | shares | 241,821 | ||||||||
General Insurance Expense | $ 340,000 | ||||||||
Stock Issued During Period, Value, Acquisitions | $ 20,332,617 | ||||||||
Reno Creek Project [Member] | Common Stock [Member] | |||||||||
Stock Issued During Period, Shares, Acquisitions | shares | 14,852,450 | 14,852,450 | |||||||
Stock Issued During Period, Value, Acquisitions | $ 14,853 | ||||||||
Reno Creek Project [Member] | Warrant In Connection With Business Acquisition [Member] | |||||||||
Class of Warrant or Right, Outstanding | shares | 11,308,728 | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 2.30 | ||||||||
Warrants and Rights Outstanding, Term | 5 years | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights Threshold | $ / shares | $ 4 | ||||||||
Class of Warrants or Right, Period for Consecutive Trading | 20 days | ||||||||
Uranerz Energy Corporation [Member] | |||||||||
Payment To Acquire Assets | $ 2,940,000 | ||||||||
Asset Acquisition Related Costs | $ 416,958 | ||||||||
Asset Acquisition Ownership Percentage | 100.00% | ||||||||
Asset Acquisition Consideration Transferred | $ 5,974,063 | ||||||||
Asset Acquisition Equity Interest Issued Or Issuable Number Of Shares | shares | 1,625,531 | ||||||||
Asset Acquisition Consideration Transferred Equity Interests Issued | $ 2,617,105 | ||||||||
Minimum [Member] | |||||||||
Mineral Leases and Surface Use Agreements, Term | 5 years | ||||||||
Maximum [Member] | |||||||||
Mineral Leases and Surface Use Agreements, Term | 20 years | ||||||||
Palangana Mine [Member] | |||||||||
Area of Land | a | 6,987 | ||||||||
Mining Lease and Surface Use Agreements Realted to Royalty, Term | 5 years | ||||||||
Increase (Decrease) in Corresponding Rights and Properties | $ (258,114) | ||||||||
Revaluation Of Asset Retirement Obligations | 274,195 | 187,255 | |||||||
Depletion, Total | 0 | 0 | $ 0 | ||||||
Mineral Properties, Gross | 6,027,784 | 6,285,898 | |||||||
Mineral Properties, Accumulated Depletion | 3,929,884 | 3,929,884 | |||||||
Mineral Rights Net OfAccumulated Depletion | $ 2,097,900 | $ 2,356,014 | |||||||
Goliad Project [Member] | |||||||||
Area of Land | a | 995 | ||||||||
Mineral Leases and Surface Use Agreements, Term | 5 years | ||||||||
Burke Hollow Project [Member] | |||||||||
Area of Land | a | 19,335 | ||||||||
Mineral Leases and Surface Use Agreements, Term | 5 years | ||||||||
Longhorn Project [Member] | |||||||||
Area of Land | a | 651 | ||||||||
Mineral Leases and Surface Use Agreements, Term | 5 years | ||||||||
Salvo Project [Member] | |||||||||
Area of Land | a | 1,514 | ||||||||
Mineral Leases and Surface Use Agreements, Term | 5 years | ||||||||
Anderson Project [Member] | |||||||||
Interest on Mineral Properties | 100.00% | ||||||||
Diabase Project [Member] | |||||||||
Stock Issued During Period, Shares, Acquisitions | shares | 164,767 | 164,767 | |||||||
Asset Acquisition Consideration Transferred | $ 546,938 | ||||||||
Percentage Of Royalty Interests Acquired By Urc | 100.00% | ||||||||
Cash Consideration Paid In Asset Acquisition | $ 239,120 | ||||||||
Stock Issued During Period, Value, Acquisitions | 232,321 | ||||||||
Asset Acquisition Transaction Costs | 75,497 | ||||||||
Asset Acquisition Urc To Acquire Royalty Option | $ 125,000 | ||||||||
Diabase Project [Member] | CANADA | |||||||||
Area of Land | a | 56,106 | ||||||||
Diabase Project [Member] | URC [Member] | |||||||||
Payments to Acquire Royalty Before Four Years After the Closing Date | $ 1,750,000 | ||||||||
Yuty Project [Member] | |||||||||
Area of Land | a | 289,680 | ||||||||
Overriding Royalty Per Pound | 0.21 | ||||||||
Oviedo Project [Member] | |||||||||
Area of Land | a | 223,749 | ||||||||
Percentage of Gross Overriding Royalty | 1.50% | ||||||||
Percentage of Gross Overriding Royalty, Exclusive Right and Option | 0.50% | ||||||||
Overriding Royalty, Exclusive Right and Option to Acquire | $ 166,667 | ||||||||
Percentage of Gross Overriding Royalty, Remaining | 1.00% | ||||||||
Alto Parana Titanium Project [Member] | |||||||||
Area of Land | a | 464,548 | ||||||||
Royalties Percentage | 1.50% | ||||||||
Percentage of Net Smelter Royalty, Right to Acquire | 0.50% | ||||||||
Payments to Acquire Smelter Royalty | $ 500,000 | ||||||||
Anderson Project [Member] | |||||||||
Increase (Decrease) in Carrying Value Due to Disposition of Asset | (5,683,895) | ||||||||
Consideration Shares, Fair Value, Net | $ 5,683,895 | ||||||||
Area of Land | a | 8,268 | ||||||||
Mineral Properties, Gross | $ 3,470,373 | 9,154,268 | |||||||
Slick Rock Project [Member] | |||||||||
Increase (Decrease) In Carrying Amount Due To Allocation | (676,650) | ||||||||
Consideration Shares, Fair Value, Net | 2,255,514 | ||||||||
Gain (Loss) on Disposition of Assets, Total | $ 1,578,864 | ||||||||
Area of Land | a | 5,333 | ||||||||
Mineral Properties, Gross | 646,650 | ||||||||
Interest on Mineral Properties | 100.00% | ||||||||
Payments for Advance Royalties | $ 30,000 | 31,000 | |||||||
Slick Rock Project [Member] | Minimum [Member] | |||||||||
Net Smelter Royalty, Percent | 1.00% | ||||||||
Slick Rock Project [Member] | Maximum [Member] | |||||||||
Net Smelter Royalty, Percent | 3.00% | ||||||||
Workman Creek Project [Member] | |||||||||
Net Smelter Royalty, Percent | 3.00% | ||||||||
Increase (Decrease) In Carrying Amount Due To Allocation | $ (1,082,646) | ||||||||
Consideration Shares, Fair Value, Net | $ 1,082,646 | ||||||||
Area of Land | a | 4,036 | ||||||||
Mineral Properties, Gross | $ 699,854 | 1,657,500 | |||||||
Interest on Mineral Properties | 100.00% | ||||||||
Annual Advance Royalty Payment | $ 100,000 | $ 50,000 | $ 50,000 | ||||||
Right and Option to Acquire Net Smelter Royalty, Percent | 1.50% | ||||||||
Right and Option to Acquire Royalty, Amount | $ 1,000,000 | ||||||||
Additional Right and Option to Acquire Net Smelter Royalty Held by Certain Individuals, Percent | 0.50% | ||||||||
Amount of Royalty Interest Acquired | $ 333,340 | ||||||||
Payments for Advance Royalties | $ 125,000 | $ 75,000 | |||||||
Stock Issued During Period, Shares, for Mineral Properties | shares | 46,134 | 46,134 | 46,800 | ||||||
Stock Issued During Period, Value, for Mineral Properties | $ 61,820 | $ 48,672 | |||||||
Los Cuatros Project [Member] | |||||||||
Area of Land | a | 640 | ||||||||
Mineral Properties, Gross | $ 257,250 | 257,250 | |||||||
Interest on Mineral Properties | 100.00% | ||||||||
Reno Creek Project [Member] | |||||||||
Mineral Properties, Gross | $ 31,527,870 | $ 31,527,870 | |||||||
Interest on Mineral Properties | 100.00% | ||||||||
Reno Creek Project [Member] | PRRF [Membe] | |||||||||
Interest on Mineral Properties | 97.27% | ||||||||
Reno Creek Project [Member] | Bayswater Holdings, Inc [Member] | |||||||||
Interest on Mineral Properties | 2.73% | ||||||||
Royalty Purchase Agreement [Member] | Uranium Royalty Corp [Member] | |||||||||
Net Smelter Royalty, Percent | 1.00% | ||||||||
Number Of Shares Acquired Through Sale Of Royalties | shares | 12,000,000 | ||||||||
Consideration Shares, Fair Value | $ 9,077,842 | ||||||||
Consideration Shares, Transaction Cost | 55,787 | ||||||||
Consideration Shares, Fair Value, Net | $ 9,022,055 |
Note 5 - Mineral Rights and P_4
Note 5 - Mineral Rights and Properties - Mineral Rights and Property Acquisition Costs (Details) - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 |
Mineral Rights and Properties | ||
Mineral Properties, Gross | $ 67,451,387 | $ 74,997,692 |
Accumulated Depletion | (3,929,884) | (3,929,884) |
63,521,503 | 71,067,808 | |
63,536,895 | 71,122,576 | |
Palangana Mine [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 6,027,784 | 6,285,898 |
Goliad Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 8,689,127 | 8,689,127 |
Burke Hollow Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 1,495,750 | 1,495,750 |
Longhorn Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 116,870 | 116,870 |
Salvo Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 14,905 | 14,905 |
Anderson Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 3,470,373 | 9,154,268 |
Workman Creek Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 699,854 | 1,657,500 |
Los Cuatros Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 257,250 | 257,250 |
Slick Rock Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 646,650 | |
Reno Creek Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 31,527,870 | 31,527,870 |
Diabase Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 546,938 | 546,938 |
Yuty Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 11,947,144 | 11,947,144 |
Oviedo Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 1,133,412 | 1,133,412 |
Alto Parana Titanium Project [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 1,433,030 | 1,433,030 |
Other Property Acquisitions [Member] | ||
Mineral Rights and Properties | ||
Mineral Properties, Gross | 91,080 | 91,080 |
Mineral Rights, Databases [Member] | ||
Mineral Rights and Properties | ||
Mineral rights, gross | 2,410,038 | 2,410,038 |
Accumulated Amortization | (2,409,188) | (2,405,192) |
850 | 4,846 | |
Land Use Agreements [Member] | ||
Mineral Rights and Properties | ||
Mineral rights, gross | 404,310 | 404,310 |
Accumulated Amortization | (389,768) | (354,388) |
$ 14,542 | $ 49,922 |
Note 5 - Mineral Rights and P_5
Note 5 - Mineral Rights and Properties - Fair Value of Consideration Shares (Details) | 12 Months Ended |
Jul. 31, 2019USD ($) | |
Net consideration | $ 9,022,055 |
Royalty Purchase Agreement [Member] | Uranium Royalty Corp [Member] | |
Fair value of Consideration Shares | 9,077,842 |
Consideration Shares, Transaction Cost | 55,787 |
Net consideration | $ 9,022,055 |
Note 5 - Mineral Rights and P_6
Note 5 - Mineral Rights and Properties - Net Consideration Allocation (Details) | 12 Months Ended |
Jul. 31, 2019USD ($) | |
Allocation of Consideration | 100.00% |
Net consideration | $ 9,022,055 |
Anderson Project [Member] | |
Allocation of Consideration | 63.00% |
Net consideration | $ 5,683,895 |
Workman Creek Project [Member] | |
Allocation of Consideration | 12.00% |
Net consideration | $ 1,082,646 |
Slick Rock Project [Member] | |
Allocation of Consideration | 25.00% |
Net consideration | $ 2,255,514 |
Note 5 - Mineral Rights and P_7
Note 5 - Mineral Rights and Properties - Mineral Property Expenditures (Details) - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Mineral Property Expenditures | |||
Mineral Property Expenditures | $ 4,487,537 | $ 4,552,151 | $ 4,120,388 |
Revaluation of Asset Retirement Obligations | (274,195) | (187,255) | |
Palangana Mine [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 1,027,139 | 1,047,635 | 880,633 |
Goliad Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 96,789 | 105,264 | 114,286 |
Burke Hollow Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 1,616,601 | 675,605 | 1,020,965 |
Longhorn Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 45,848 | 14,401 | 32,796 |
Salvo Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 35,923 | 36,056 | 37,551 |
Anderson Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 81,414 | 68,167 | 68,303 |
Workman Creek Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 30,709 | 31,300 | 31,265 |
Slick Rock Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 53,843 | 52,218 | 44,231 |
Reno Creek Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 655,807 | 1,278,959 | |
Yuty Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 102,882 | 425,298 | 365,517 |
Oviedo Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 288,324 | 119,082 | 331,798 |
Alto Parana Titanium Project [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | 168,956 | 175,768 | 800,023 |
Other Property Acquisitions [Member] | |||
Mineral Property Expenditures | |||
Mineral Property Expenditures | $ 557,497 | $ 522,398 | $ 580,275 |
Note 5 - Mineral Rights and P_8
Note 5 - Mineral Rights and Properties - Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($) | Aug. 09, 2017 | Jul. 31, 2019 | Jul. 31, 2017 |
14,634,748 UEC common shares at $1.37 per share | $ 87,617 | ||
Transaction costs | $ 779,509 | ||
Reno Creak Acquistion [Member] | |||
14,634,748 UEC common shares at $1.37 per share | $ 20,049,605 | ||
11,308,728 UEC share purchase warrants at $0.45 per warrant | 5,088,928 | ||
Cash payment | 909,930 | ||
Transaction costs | 779,509 | ||
26,827,972 | |||
Cash and cash equivalents | 1,247,170 | ||
Prepaid expenses | 319,874 | ||
Restricted cash | 73,973 | ||
Land and buildings | 370,085 | ||
Mineral rights and properties | 25,553,807 | ||
Asset retirement obligations | (73,973) | ||
Deferred tax liabilities | (662,964) | ||
$ 26,827,972 |
Note 5 - Mineral Rights and P_9
Note 5 - Mineral Rights and Properties - Identifiable Assets Acquired and Liabilities Assumed (Details) (Parentheticals) - Reno Creak Acquistion [Member] | 12 Months Ended |
Jul. 31, 2019$ / sharesshares | |
USE Common shares (in shares) | shares | 14,634,748 |
USE share price (in dollars per share) | $ / shares | $ 1.37 |
Warrant shares (in shares) | shares | 11,308,728 |
Warrant price (in dollars per share) | $ / shares | $ 0.45 |
Note 6 - Property, Plant and _3
Note 6 - Property, Plant and Equipment (Details Textual) - Hobson Processing Facility [Member] | 12 Months Ended |
Jul. 31, 2019USD ($) | |
Increase (Decrease) in Asset Retirement Obligations | $ (176,253) |
Depreciation, Total | $ 0 |
Note 6 - Property, Plant and _4
Note 6 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 |
Cost | $ 12,693,479 | $ 12,897,160 |
Accumulated Depreciation | (5,651,120) | (5,795,608) |
Net Book Value | 7,042,359 | 7,101,552 |
Hobson Processing Facility [Member] | ||
Cost | 6,642,835 | 6,819,088 |
Accumulated Depreciation | (773,933) | (773,933) |
Net Book Value | 5,868,902 | 6,045,155 |
Mining Equipment [Member] | ||
Cost | 2,467,557 | 2,438,681 |
Accumulated Depreciation | (2,402,681) | (2,412,277) |
Net Book Value | 64,876 | 26,404 |
Logging Equipment and Vehicles [Member] | ||
Cost | 1,950,229 | 1,971,742 |
Accumulated Depreciation | (1,730,905) | (1,850,306) |
Net Book Value | 219,324 | 121,436 |
Computer Equipment [Member] | ||
Cost | 572,551 | 607,342 |
Accumulated Depreciation | (546,652) | (577,584) |
Net Book Value | 25,899 | 29,758 |
Furniture and Fixtures [Member] | ||
Cost | 170,701 | 170,701 |
Accumulated Depreciation | (169,379) | (168,814) |
Net Book Value | 1,322 | 1,887 |
Land and Building [Member] | ||
Cost | 889,606 | 889,606 |
Accumulated Depreciation | (27,570) | (12,694) |
Net Book Value | $ 862,036 | $ 876,912 |
Note 7 - Restricted Cash - Rest
Note 7 - Restricted Cash - Restricted Cash (Details) - USD ($) | 12 Months Ended | |
Jul. 31, 2019 | Jul. 31, 2018 | |
Restricted cash, beginning of period | $ 1,789,899 | $ 1,706,028 |
Reclamation deposit received from asset acquisition | 73,973 | |
Refund of reclamation deposit | (819) | |
Interest received | 31,493 | 10,717 |
Restricted cash, end of period | $ 1,821,392 | $ 1,789,899 |
Note 7 - Restricted Cash - Cash
Note 7 - Restricted Cash - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 |
Cash and cash equivalents | $ 6,058,186 | $ 6,926,523 | |
Restricted cash, end of period | 1,821,392 | 1,789,899 | $ 1,706,028 |
Total cash, cash equivalents and restricted cash | $ 7,879,578 | $ 8,716,422 | $ 14,282,001 |
Note 8 - Equity-accounted Inv_3
Note 8 - Equity-accounted Investment (Details Textual) - Uranium Royalty Corp [Member] - USD ($) | 12 Months Ended | |
Jul. 31, 2019 | Jul. 31, 2018 | |
Equity Method Investment, Shares Owned | 14,000,000 | |
Equity Method Investment, Ownership Percentage | 32.60% | 11.30% |
Royalty Purchase Agreement [Member] | ||
Number Of Shares Acquired Through Sale Of Royalties | 12,000,000 | |
Consideration Shares, Fair Value | $ 9,077,842 |
Note 8 - Equity-accounted Inv_4
Note 8 - Equity-accounted Investment - Change in Carrying Value of the Investment (Details) - USD ($) | 12 Months Ended | |
Jul. 31, 2019 | Jul. 31, 2018 | |
Balance | $ 693,502 | $ 151,676 |
Share of income from URC | (1,858,901) | 29,001 |
Gain on ownership interest dilution | 755,545 | 394,656 |
Share of other comprehensive income | 12,461 | 118,169 |
Share consideration received from sale of royalty interests | 9,077,842 | |
Balance | $ 8,680,449 | $ 693,502 |
Note 9 - Due to Related Parti_2
Note 9 - Due to Related Parties and Related Party Transactions (Details Textual) | 3 Months Ended | 12 Months Ended | |||||
Jan. 31, 2019USD ($) | Jan. 31, 2019CAD ($) | Oct. 31, 2018USD ($) | Oct. 31, 2018CAD ($) | Jul. 31, 2019USD ($)shares | Jul. 31, 2018USD ($)shares | Jul. 31, 2017USD ($)shares | |
Stock Issued During Period, Value, For Settlement of Current Liabilities | $ 845,824 | $ 1,524,650 | |||||
Royalty Purchase Agreement [Member] | Uranium Royalty Corp [Member] | |||||||
Number Of Shares Acquired Through Sale Of Royalties | shares | 12,000,000 | ||||||
Common Stock [Member] | |||||||
Stock Issued During Period, Shares, For Settlement of Current Liabilities | shares | 565,499 | 1,015,940 | |||||
Stock Issued During Period, Value, For Settlement of Current Liabilities | $ 566 | $ 1,016 | |||||
Blender Media Inc [Member] | |||||||
Due to Related Parties, Total | $ 68,680 | $ 807 | |||||
Blender Media Inc [Member] | Common Stock [Member] | |||||||
Stock Issued During Period, Shares, For Settlement of Current Liabilities | shares | 104,706 | 148,368 | |||||
Stock Issued During Period, Value, For Settlement of Current Liabilities | $ 141,678 | $ 170,060 | |||||
Blender Media Inc [Member] | General and Administrative Expense [Member] | |||||||
Related Party Transaction, Expenses from Transactions with Related Party | 149,692 | $ 148,081 | $ 174,299 | ||||
Arash Adnani on Behalf of Blender Media Inc [Member] | |||||||
Payments for Advance to Affiliate | $ 152,184 | $ 200,000 | |||||
Due from Related Parties, Total | $ 0 | ||||||
Proceeds from Collection of Advance to Affiliate | $ 152,184 | $ 200,000 |
Note 10 - Long-term Debt (Detai
Note 10 - Long-term Debt (Details Textual) | Dec. 05, 2018USD ($)shares | Jul. 31, 2019USD ($)shares | Jul. 31, 2018USD ($)shares | Jul. 31, 2017USD ($)shares |
Long-term Debt, Gross | $ 20,000,000 | $ 20,000,000 | ||
Stock Issued Value Issued For Extension Fees | $ 1,400,000 | |||
Stock Issued, Shares Issued For Extension Fees | shares | 1,180,328 | |||
Stock Issued During Period, Shares, Credit Facility | shares | 641,574 | 738,503 | ||
Stock Issued During Period, Value ,Credit Facility | $ 1,400,000 | $ 900,000 | $ 1,100,000 | |
Percentage of Outstanding Principal of Anniversary Fee | 4.50% | 5.50% | ||
Amortization of Debt Discount (Premium) | $ 1,464,989 | $ 1,180,139 | $ 1,156,657 | |
Credit Agreement [Member] | ||||
Long-term Debt, Gross | $ 20,000,000 | |||
Third Extension Fees Percentage | 7.00% | |||
Stock Issued Value Issued For Extension Fees | $ 1,400,000 | |||
Stock Issued, Shares Issued For Extension Fees | shares | 1,180,328 | |||
Rate Of Anniversary Fee Payable In Next Twelve Months | 7.00% | |||
Rate Of Anniversary Fee Payable In Second Year | 6.50% | |||
Rate Of Anniversary Fee Payable in Third Year | 6.00% | |||
Percentage of Discount on Volume Weighted Average Price | 10.00% | |||
Anniversary Fee, Payment in Shares, Trading Days for Weighted Average Share Price | 5 | |||
Debt Instrument, Term | 8 years 182 days | |||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | |||
Debt Instrument, Interest Rate, Effective Percentage | 16.67% | |||
Anniversary Fees Payable In Next Twelve Months | $ 1,400,000 | |||
Anniversary Fees Payable In Second Year | 1,300,000 | |||
Anniversary Fees Payable In Third Year | $ 1,200,000 | |||
Debt Instrument, Maturity Date | Jan. 31, 2022 |
Note 10 - Long-term Debt - Long
Note 10 - Long-term Debt - Long-term Debt (Details) - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 |
Long-term Debt, Gross | $ 20,000,000 | $ 20,000,000 |
Unamortized discount | (400,037) | (465,026) |
Long-term debt, net of unamortized discount | 19,599,963 | 19,534,974 |
Current portion | 10,000,000 | |
Long-term debt, net of current portion | $ 19,599,963 | $ 9,534,974 |
Note 10 - Long-term Debt - Year
Note 10 - Long-term Debt - Yearly Maturities of Long-term Debt (Details) - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 |
Fiscal 2020 | ||
Fiscal 2021 | ||
Fiscal 2022 | 20,000,000 | |
Total | $ 20,000,000 | $ 20,000,000 |
Note 11 - Asset Retirement Ob_3
Note 11 - Asset Retirement Obligations (Details Textual) | 12 Months Ended |
Jul. 31, 2019USD ($) | |
Asset Retirement Obligation, Revision of Estimate | $ (708,562) |
Palangana Mine [Member] | |
Asset Retirement Obligation, Revision of Estimate | (532,309) |
Hobson Processing Facility [Member] | |
Asset Retirement Obligation, Revision of Estimate | $ (176,253) |
Note 11 - Asset Retirement Ob_4
Note 11 - Asset Retirement Obligations - Change in Asset Retirement Obligation (Details) | 12 Months Ended |
Jul. 31, 2019USD ($) | |
Balance | $ 4,020,282 |
Accretion | 229,362 |
Revision in estimate of asset retirement obligations | (708,562) |
Balance | $ 3,541,082 |
Note 11 - Asset Retirement Ob_5
Note 11 - Asset Retirement Obligations - Estimated Amounts and Timing of Cash Flows and Assumptions Used for ARO Estimates (Details) | Jul. 31, 2019USD ($)yr | Jul. 31, 2018USD ($)yr |
Undiscounted amount of estimated cash flows | $ | $ 8,221,018 | $ 7,275,504 |
Measurement Input, Expected Term [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input (Year) | 9 | 5 |
Measurement Input, Expected Term [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input (Year) | 21 | 17 |
Measurement Input, Inflation Rate [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input (Year) | 0.0156 | 0.0137 |
Measurement Input, Inflation Rate [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input (Year) | 0.0217 | 0.0214 |
Measurement Input, Discount Rate [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input (Year) | 0.055 | 0.0548 |
Measurement Input, Discount Rate [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input (Year) | 0.0596 | 0.064 |
Note 11 - Asset Retirement Ob_6
Note 11 - Asset Retirement Obligations - Undiscounted Amounts of Estimated Cash Flows for the Next Five Fiscal Years and Beyond (Details) - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 |
Fiscal 2020 | ||
Fiscal 2021 | ||
Fiscal 2022 | ||
Fiscal 2023 | ||
Fiscal 2024 | ||
Remaining balance | 8,221,018 | |
$ 8,221,018 | $ 7,275,504 |
Note 12 - Capital Stock (Detail
Note 12 - Capital Stock (Details Textual) - USD ($) | Oct. 03, 2018 | Jan. 20, 2017 | Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | Mar. 14, 2019 | Jul. 31, 2016 |
Shares Issued, Price Per Share | $ 1.33 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 1.94 | $ 1.97 | $ 1.78 | $ 1.33 | $ 1.65 | ||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 11,000,000 | ||||||
Share Price | $ 1.54 | $ 1.54 | |||||
Class of Warrant or Right Outstanding, Issued | 7,063,253 | 11,358,728 | 9,571,929 | ||||
Number of Warrants Exchanged for Common Shares | 11,000,000 | ||||||
Stock Issued During the Period, Shares, Issued in Exchange for Warrants | 750,000 | ||||||
Class of Warrant or Right Cancelled, Weighted Average Exercise Price | $ 2.30 | ||||||
Warrants, Carrying Value Per Share | $ 0.45 | ||||||
Carrying Value of Warrants | $ 4,950,000 | ||||||
Fair Value Common Shares Issued for Warrants Exchanged | 997,500 | ||||||
Proceeds from Warrant Exercises | $ 4,822,357 | ||||||
Class of Warrant or Right, Exercised During Period | 3,999,881 | ||||||
Class of Warrant or Right, Exercised During Period, Exercise Price | $ 1.21 | ||||||
October 2018 Warrants [Member] | |||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 1 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 2.05 | ||||||
Warrants and Rights Outstanding, Term | 2 years 180 days | ||||||
January 2017 Warrants [Member] | |||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | 1 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 2 | ||||||
Warrants and Rights Outstanding, Term | 3 years | ||||||
The 2018 October Offering [Member] | |||||||
Number of Units Issued During Period | 12,613,049 | ||||||
Shares Issued, Price Per Share | $ 1.60 | ||||||
Proceeds from Issuance or Sale of Equity, Total | $ 20,180,878 | ||||||
Number of Shares per Unit Issued | 1 | ||||||
Number of Warrants per Unit | 0.5 | ||||||
Over-Allotment Option [Member] | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 2.05 | $ 2 | |||||
Warrants and Rights Outstanding, Term | 2 years 180 days | 3 years | |||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 756,782 | 906,516 | |||||
The 2017 Offering [Member] | |||||||
Number of Units Issued During Period | 17,330,836 | ||||||
Shares Issued, Price Per Share | $ 1.50 | ||||||
Proceeds from Issuance or Sale of Equity, Total | $ 25,996,254 | ||||||
Number of Shares per Unit Issued | 1 | ||||||
Number of Warrants per Unit | 0.5 | ||||||
Class of Warrant or Right Outstanding, Issued | 9,571,929 |
Note 12 - Capital Stock - Share
Note 12 - Capital Stock - Share Purchase Warrants Assumptions (Details) | Oct. 03, 2018yr | Jan. 20, 2017yr |
October 2018 Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Warrants, measurement input | 0.029 | |
October 2018 Warrants [Member] | Measurement Input, Price Volatility [Member] | ||
Warrants, measurement input | 0.633 | |
October 2018 Warrants [Member] | Measurement Input, Expected Term [Member] | ||
Warrants, measurement input | 2.5 | |
October 2018 Warrants [Member] | Measurement Input, Expected Dividend Rate [Member] | ||
Warrants, measurement input | 0 | |
January 2017 Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Warrants, measurement input | 0.015 | |
January 2017 Warrants [Member] | Measurement Input, Price Volatility [Member] | ||
Warrants, measurement input | 0.7696 | |
January 2017 Warrants [Member] | Measurement Input, Expected Term [Member] | ||
Warrants, measurement input | 3 | |
January 2017 Warrants [Member] | Measurement Input, Expected Dividend Rate [Member] | ||
Warrants, measurement input | 0 |
Note 12 - Capital Stock - Net P
Note 12 - Capital Stock - Net Proceeds Allocation (Details) - USD ($) | Oct. 03, 2018 | Jan. 20, 2017 |
The 2018 October Offering [Member] | ||
Fair Value of Shares | $ 22,518,788 | |
Proceeds from Issuance or Sale of Equity, Total | 20,180,878 | |
Share Issuance Costs - Cash | (1,211,667) | |
Net Cash Proceeds Received | 18,969,211 | |
18,969,211 | ||
The 2018 October Offering [Member] | October 2018 Warrants [Member] | ||
Fair Value of Share Purchase Warrants | 3,094,693 | |
Share Purchase Warrants | 2,606,884 | |
The 2018 October Offering [Member] | Common Stock [Member] | ||
Fair Value of Shares | 19,424,095 | |
Shares | $ 16,362,327 | |
The 2017 Offering [Member] | ||
Fair Value of Shares | $ 32,563,419 | |
Proceeds from Issuance or Sale of Equity, Total | 25,996,254 | |
Share Issuance Costs - Cash | (1,550,843) | |
Net Cash Proceeds Received | 24,445,411 | |
24,445,411 | ||
The 2017 Offering [Member] | January 2017 Warrants [Member] | ||
Fair Value of Share Purchase Warrants | 5,873,932 | |
Share Purchase Warrants | 4,409,570 | |
The 2017 Offering [Member] | Common Stock [Member] | ||
Fair Value of Shares | 26,689,487 | |
Shares | $ 20,035,841 |
Note 12 - Capital Stock - Conti
Note 12 - Capital Stock - Continuity Schedule of Outstanding Share Purchase Warrants (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Balance, Number of Warrants (in shares) | 30,923,489 | 19,676,560 | 13,953,872 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.97 | $ 1.78 | $ 1.65 |
Issued, Number of Warrants (in shares) | 7,063,253 | 11,358,728 | 9,571,929 |
Issued, Weighted Average Exercise Price (in dollars per share) | $ 2.05 | $ 2.30 | $ 2 |
Exercised, Number of Warrants (in shares) | (3,999,881) | (61,799) | (1,989,717) |
Exercised, Weighted Average Exercise Price (in dollars per share) | $ 1.21 | $ 1.20 | $ 1.20 |
Expired, Number of Warrants (in shares) | (3,542,951) | (50,000) | (1,859,524) |
Expired, Weighted Average Exercise Price (in dollars per share) | $ 2.13 | $ 1.95 | $ 2.60 |
Exchanged for shares pursuant to Securities Exchange Agreement, Number of Warrants (in shares) | (11,000,000) | ||
Exchanged for shares pursuant to Securities Exchange Agreement, Weighted Average Exercise Price (in dollars per share) | $ 2.30 | ||
Balance, Number of Warrants (in shares) | 19,443,910 | 30,923,489 | 19,676,560 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.94 | $ 1.97 | $ 1.78 |
Note 12 - Capital Stock - Warra
Note 12 - Capital Stock - Warrants Outstanding and Exercisable (Details) - $ / shares | 12 Months Ended | ||||
Jul. 31, 2019 | Mar. 14, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | Jul. 31, 2016 | |
Weighted Average Exercise Price (in dollars per share) | $ 1.94 | $ 1.33 | $ 1.97 | $ 1.78 | $ 1.65 |
Number of Warrants Outstanding (in shares) | 19,443,910 | 30,923,489 | 19,676,560 | 13,953,872 | |
Warrants 1 [Member] | |||||
Weighted Average Exercise Price (in dollars per share) | $ 2 | ||||
Number of Warrants Outstanding (in shares) | 9,571,929 | ||||
Expiry Date | Jan. 20, 2020 | ||||
Weighted Average Remaining Contractual Life (Year) | 171 days | ||||
Warrants 2 [Member] | |||||
Weighted Average Exercise Price (in dollars per share) | $ 1.35 | ||||
Number of Warrants Outstanding (in shares) | 2,450,000 | ||||
Expiry Date | Jan. 30, 2020 | ||||
Weighted Average Remaining Contractual Life (Year) | 182 days | ||||
Warrants 3 [Member] | |||||
Weighted Average Exercise Price (in dollars per share) | $ 2.05 | ||||
Number of Warrants Outstanding (in shares) | 7,063,253 | ||||
Expiry Date | Apr. 3, 2021 | ||||
Weighted Average Remaining Contractual Life (Year) | 1 year 248 days | ||||
Warrants 4 [Member] | |||||
Weighted Average Exercise Price (in dollars per share) | $ 2.30 | ||||
Number of Warrants Outstanding (in shares) | 308,728 | ||||
Expiry Date | Aug. 9, 2022 | ||||
Weighted Average Remaining Contractual Life (Year) | 3 years 10 days | ||||
Warrants 5 [Member] | |||||
Weighted Average Exercise Price (in dollars per share) | $ 1.64 | ||||
Number of Warrants Outstanding (in shares) | 50,000 | ||||
Expiry Date | May 21, 2023 | ||||
Weighted Average Remaining Contractual Life (Year) | 3 years 295 days | ||||
Warrants 6 [Member] | |||||
Weighted Average Exercise Price (in dollars per share) | $ 1.94 | ||||
Number of Warrants Outstanding (in shares) | 19,443,910 | ||||
Weighted Average Remaining Contractual Life (Year) | 350 days |
Note 13 - Stock-based Compens_3
Note 13 - Stock-based Compensation (Details Textual) - USD ($) | 2 Months Ended | 12 Months Ended | ||
Oct. 11, 2019 | Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 2,006,350 | 4,083,000 | 672,500 | |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 4 years 328 days | 3 years 36 days | 2 years 328 days | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 182,339 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | 91,712 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Unvested in Period, Intrinsic Value | 90,628 | |||
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | 1,288,825 | |||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 1,361,944 | $ 1,711,579 | $ 1,584,394 | |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ 0.97 | $ 1.40 | $ 1.11 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | 10,000 | 100,724 | ||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price | $ 1.50 | $ 4.35 | ||
Subsequent Event [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 597,650 | |||
Cash Compensation, Compensation Arrangement With Individual | $ 659,000 | |||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total | 188,914 | |||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 187,100 | |||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ 0.91 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | 5,990,000 | |||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price | $ 1.34 | |||
Share-based Payment Arrangement, Option [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 5 years | 5 years | ||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | 5 years | 5 years | |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 2 years | |||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 1 year 40 days | |||
Share-based Payment Arrangement, Option [Member] | Subsequent Event [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 24 years | |||
Share-based Payment Arrangement, Option [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 90 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 12.50% | |||
Share-based Payment Arrangement, Option [Member] | Share-based Payment Arrangement, Tranche Two [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 180 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 12.50% | |||
Share-based Payment Arrangement, Option [Member] | Share-based Payment Arrangement, Tranche Three [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | |||
Share-based Payment Arrangement, Option [Member] | Share-based Compensation Award, Tranche Five [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 2 years | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | |||
Share-based Payment Arrangement, Option [Member] | Share-based Compensation Award, Tranche Four [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 1 year 180 days | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | |||
Restricted Stock Units (RSUs) [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 465,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 0.9421 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 0 | |||
Share-based Payment Arrangement, Expense | $ 0 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 465,000 | |||
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche One [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.30% | |||
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche Two [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.30% | |||
Restricted Stock Units (RSUs) [Member] | Share-based Payment Arrangement, Tranche Three [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.30% | |||
Performance-based Restriced Stock Units [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 3 years | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 445,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 1.15 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 0 | |||
Share-based Payment Arrangement, Expense | $ 0 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 445,000 | |||
Minimum [Member] | Share-based Payment Arrangement, Option [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 3 years 255 days | |||
Minimum [Member] | Performance-based Restriced Stock Units [Member] | ||||
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Eligible to Vest | 0.00% | |||
Maximum [Member] | Share-based Payment Arrangement, Option [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 5 years | |||
Maximum [Member] | Performance-based Restriced Stock Units [Member] | ||||
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Eligible to Vest | 200.00% | |||
The 2018 Stock Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 |
Note 13 - Stock-based Compens_4
Note 13 - Stock-based Compensation - Summary of Stock Options Assumptions (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Expected Risk Free Interest Rate | 1.86% | 2.24% | 1.28% |
Expected Volatility | 65.62% | 67.60% | 82.40% |
Expected Life in Years (Year) | 4 years 328 days | 3 years 36 days | 2 years 328 days |
Expected Dividend Yield | 0.00% | 0.00% | 0.00% |
Weighted-Average Grant Date Fair Value (in dollars per share) | $ 0.53 | $ 0.68 | $ 0.77 |
Performance-based Restriced Stock Units [Member] | |||
Expected Life in Years (Year) | 3 years | ||
Expected Dividend Yield | 0.00% | ||
Correlation | 57.10% | ||
Performance-based Restriced Stock Units [Member] | Minimum [Member] | |||
Expected Risk Free Interest Rate | 1.99% | ||
Expected Volatility | 56.74% | ||
Performance-based Restriced Stock Units [Member] | Maximum [Member] | |||
Expected Risk Free Interest Rate | 2.20% | ||
Expected Volatility | 61.75% |
Note 13 - Stock-based Compens_5
Note 13 - Stock-based Compensation - Schedule of Outstanding Stock Options (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Balance, number of stock options (in shares) | 14,911,625 | 12,260,500 | 12,105,858 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.41 | $ 1.33 | $ 1.34 |
Granted, number of stock options (in shares) | 2,006,350 | 4,083,000 | 672,500 |
Granted, Weighted Average Exercise Price (in dollars per share) | $ 0.97 | $ 1.40 | $ 1.11 |
Exercised, number of stock options (in shares) | (259,625) | (1,365,625) | (412,134) |
Exercised Options, Weighted Average Exercise Price (in dollars per share) | $ 1.12 | $ 0.70 | $ 0.56 |
Expired, number of stock options (in shares) | (10,000) | (100,724) | |
Expired, Weighted Average Exercise Price (in dollars per share) | $ 1.50 | $ 4.35 | |
Forfeited, number of stock options (in shares) | (910,000) | (66,250) | (5,000) |
Forfeited, Weighted Average Exercise Price (in dollars per share) | $ 2.41 | $ 1.24 | $ 0.93 |
Balance, number of stock options (in shares) | 15,738,350 | 14,911,625 | 12,260,500 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.30 | $ 1.41 | $ 1.33 |
Note 13 - Stock-based Compens_6
Note 13 - Stock-based Compensation - Number of Shares Issued and Cash Received upon Exercise of the Stock Options (Details) - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Number of Shares Issued Upon Exercise of Options (in shares) | 125,879 | 1,094,589 | 264,727 |
Number of Options Exercised on Forfeiture Basis (in shares) | 193,375 | 580,625 | 309,634 |
Number of Net Shares Issued (in shares) | 59,629 | 309,589 | 162,227 |
Number of Options Exercised on Cash Basis (in shares) | 66,250 | 785,000 | 102,500 |
Cash Received from Exercise of Stock Options | $ 72,363 | $ 530,050 | $ 56,925 |
Total Intrinsic Value of Options Exercised | $ 134,174 | $ 1,049,694 | $ 232,205 |
Note 13 - Stock-based Compens_7
Note 13 - Stock-based Compensation - Schedule of Outstanding Non-vested Stock Options (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Balance, Number of Unvested Stock Options (in shares) | 3,479,500 | 765,750 | 2,323,000 |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.68 | $ 0.58 | $ 0.51 |
Granted, number of stock options (in shares) | 2,006,350 | 4,083,000 | 672,500 |
Granted, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.53 | $ 0.68 | $ 0.77 |
Vested, Number of Unvested Stock Options (in shares) | (2,055,250) | (1,303,000) | (2,224,750) |
Vested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.68 | $ 0.65 | $ 0.56 |
Forfeited, Number of Unvested Stock Options (in shares) | (120,000) | (66,250) | (5,000) |
Forfeited, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.67 | $ 0.62 | $ 0.49 |
Balance, Number of Unvested Stock Options (in shares) | 3,310,600 | 3,479,500 | 765,750 |
Nonvested balance, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.59 | $ 0.68 | $ 0.58 |
Note 13 - Stock-based Compens_8
Note 13 - Stock-based Compensation - Summary of Stock Options Outstanding and Exercisable (Details) - $ / shares | 12 Months Ended | |||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | Jul. 31, 2016 | |
Options Outstanding (in shares) | 15,738,350 | 14,911,625 | 12,260,500 | 12,105,858 |
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ 1.30 | $ 1.41 | $ 1.33 | $ 1.34 |
Options Outstanding, Weighted Average Remaining Contractual Term (Year) | 2 years 197 days | |||
Options Exercisable (in shares) | 12,427,750 | |||
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 1.34 | |||
Options Exercisable, Weighted Average Remaining Contractual Term (Year) | 1 year 98 days | |||
Exercise Price Range 1 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 0.93 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 0.99 | |||
Options Outstanding (in shares) | 3,643,100 | |||
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ 0.94 | |||
Options Outstanding, Weighted Average Remaining Contractual Term (Year) | 6 years 25 days | |||
Options Exercisable (in shares) | 1,766,750 | |||
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 0.94 | |||
Options Exercisable, Weighted Average Remaining Contractual Term (Year) | 1 year 328 days | |||
Exercise Price Range 2 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 1 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 1.49 | |||
Options Outstanding (in shares) | 9,465,000 | |||
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ 1.28 | |||
Options Outstanding, Weighted Average Remaining Contractual Term (Year) | 354 days | |||
Options Exercisable (in shares) | 8,989,000 | |||
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 1.28 | |||
Options Exercisable, Weighted Average Remaining Contractual Term (Year) | 310 days | |||
Exercise Price Range 3 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 1.50 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 3.75 | |||
Options Outstanding (in shares) | 2,630,250 | |||
Options Outstanding, Weighted Average Exercise Price (in dollars per share) | $ 1.86 | |||
Options Outstanding, Weighted Average Remaining Contractual Term (Year) | 3 years 105 days | |||
Options Exercisable (in shares) | 1,672,000 | |||
Options Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 2.06 | |||
Options Exercisable, Weighted Average Remaining Contractual Term (Year) | 2 years 324 days |
Note 13 - Stock-based Compens_9
Note 13 - Stock-based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
$ 2,948,041 | $ 3,504,058 | $ 3,769,370 | |
Common stock issued | 1,361,944 | 1,711,579 | 1,584,394 |
Settlement of share issuance obligation | (127,615) | ||
Consultants [Member] | |||
Common stock issued for consulting services | 644,307 | 740,640 | 1,184,660 |
Amortization of stock option expenses | 153,549 | 582,842 | 469,815 |
797,856 | 1,323,482 | 1,654,475 | |
Management [Member] | |||
Amortization of stock option expenses | 516,266 | 284,556 | 473,811 |
785,954 | 987,061 | 1,160,395 | |
Common stock issued | 269,688 | 702,505 | 686,584 |
Employees [Member] | |||
Amortization of stock option expenses | 689,743 | 547,231 | 369,663 |
1,364,231 | 1,321,130 | 954,500 | |
Common stock issued | $ 674,488 | $ 773,899 | $ 584,837 |
Note 14 - Net Loss Per Share -
Note 14 - Net Loss Per Share - Weighted Average Number of Shares Used in the Calculation of the Basic and Diluted Loss Per Share (Details) - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Net loss for the year | $ (17,152,789) | $ (17,826,634) | $ (17,971,056) |
Basic Weighted Average Number of Shares (in shares) | 175,844,624 | 157,123,025 | 128,244,751 |
Dilutive Stock Options and Warrants (in shares) | |||
Diluted Weighted Average Number of Shares (in shares) | 175,844,624 | 157,123,025 | 128,244,751 |
NET LOSS PER SHARE, BASIC AND DILUTED (in dollars per share) | $ (0.10) | $ (0.11) | $ (0.14) |
Note 15 - Income Taxes (Details
Note 15 - Income Taxes (Details Textual) $ in Millions | 7 Months Ended | 12 Months Ended | 13 Months Ended | |||
Jul. 31, 2018 | Jul. 31, 2019USD ($) | Jul. 31, 2018USD ($) | Jul. 31, 2017USD ($) | Jul. 31, 2019USD ($) | Jul. 31, 2019CAD ($) | |
Operating Income (Loss), Total | $ (14,977,013) | $ (16,313,981) | $ (15,218,433) | |||
Interest Expense Carryforward | 1,800,000 | $ 1,800,000 | ||||
Current Income Tax Expense (Benefit), Total | $ 0 | |||||
Deferred Income Tax Expense (Benefit), Total | (14,372) | (707,511) | (34,355) | |||
Effective Income Tax Rate Reconciliation, Tax Cuts and Jobs Act, Amount | $ (232,843) | |||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 21.00% | 26.87% | 35.00% | ||
Effective Income Tax Rate Reconciliation, Recognition of Deferred Tax Assets to Offset Deferred Tax Liability, Amount | $ (430,121) | |||||
Percentage of Valuation Allowance Recorded from Income Taxes | 100.00% | |||||
UNITED STATES | ||||||
Operating Income (Loss), Total | $ (6,300,000) | $ (17,700,000) | ||||
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||||||
Operating Loss Carryforwards, Total | $ 166.6 | |||||
Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||||||
Operating Loss Carryforwards, Total | $ 5.2 |
Note 15 - Income Taxes - Reconc
Note 15 - Income Taxes - Reconciliation of Income Tax (Details) | 7 Months Ended | 12 Months Ended | ||
Jul. 31, 2018 | Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Federal income tax provision rate | 21.00% | 21.00% | 26.87% | 35.00% |
State income tax provision rate, net of federal income tax effect | 0.52% | 0.59% | 0.43% | |
Total income tax provision rate | 21.52% | 27.46% | 35.43% |
Note 15 - Income Taxes - Compon
Note 15 - Income Taxes - Components of Income Tax Provision (Details) - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Loss before income taxes | $ (17,167,161) | $ (18,534,145) | $ (18,005,411) |
Corporate tax rate | 21.52% | 27.46% | 35.43% |
Expected tax recovery | $ (3,694,373) | $ (5,089,476) | $ (6,379,317) |
Foreign tax rate differences | 90,391 | 167,162 | 185,700 |
Permanent differences | 2,427,665 | 434,863 | 446,377 |
Prior year true-up | (160,019) | (141,814) | (1,028,592) |
Property acquisition | (491,798) | ||
Foreign exchange rate differences | 39,667 | (41,014) | (3,248) |
Other | (94,291) | 35,706 | 81,660 |
Recognition of deferred tax assets | 430,121 | ||
Change in valuation allowance | 1,373,462 | 4,156,768 | 7,149,654 |
Tax adjustment from operations | (17,498) | (47,684) | (39,564) |
Re-measurement of deferred tax liability at 21% | (232,843) | ||
Recognition of deferred tax assets to offset deferred tax liability | (430,121) | ||
Unrealized loss, other comprehensive loss | 3,126 | 3,137 | 5,209 |
Deferred tax benefits | $ (14,372) | $ (707,511) | $ (34,355) |
Note 15 - Income Taxes - Comp_2
Note 15 - Income Taxes - Components of Income (Loss) from Operations Before Income Taxes, by Tax Jurisdiction (Details) - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Income (loss) from operations before income taxes | $ (17,167,161) | $ (18,534,145) | $ (18,005,411) |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | |||
Income (loss) from operations before income taxes | (16,560,132) | (17,709,866) | (17,303,682) |
Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | |||
Income (loss) from operations before income taxes | 120,362 | 145,267 | 45,316 |
Foreign Tax Authority [Member] | Tax Administration of Paraguay [Member] | |||
Income (loss) from operations before income taxes | $ (727,391) | $ (969,546) | $ (747,045) |
Note 15 - Income Taxes - Deferr
Note 15 - Income Taxes - Deferred Tax Assets (Liabilities) (Details) - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 |
Mineral properties | $ 1,256,327 | $ 1,587,220 |
Exploration costs | 6,551,403 | 6,556,355 |
Stock option expense | 4,570,905 | 4,266,067 |
Depreciable property | (937,614) | (255,544) |
Inventories | (3,343,361) | (3,894,552) |
Asset retirement obligations | 20,561 | |
Asset retirement obligations | (28,925) | |
Other | 35,983 | 57,060 |
Section 163(j) interest expense carry forwards | 384,109 | |
Loss carry forward | 43,198,434 | 42,075,593 |
51,736,747 | 50,363,274 | |
Valuation allowance | (51,739,873) | (50,366,411) |
Deferred tax assets | (3,126) | (3,137) |
Deferred tax assets, other comprehensive loss | 3,126 | 3,137 |
Mineral properties | (550,551) | (564,923) |
Net deferred tax liabilities | $ (550,551) | $ (564,923) |
Note 15 - Income Taxes - Net Op
Note 15 - Income Taxes - Net Operating Loss Carry-forwards Expirations (Details) - Jul. 31, 2019 | USD ($) | CAD ($) |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | $ 166,608,883 | |
Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | $ 5,241,381 | |
Tax Year 2023 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 180,892 | |
Tax Year 2027 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 3,892,722 | |
Tax Year 2027 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 183,105 | |
Tax Year 2024 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 228,757 | |
Tax Year 2028 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 9,913,533 | |
Tax Year 2028 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 629,788 | |
Tax Year 2025 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 507,833 | |
Tax Year 2029 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 8,469,032 | |
Tax Year 2029 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 769,072 | |
Tax Year 2026 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 5,895,221 | |
Tax Year 2030 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 7,319,644 | |
Tax Year 2030 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 764,230 | |
Tax Year 2031 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 14,954,064 | |
Tax Year 2031 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 1,914,943 | |
Tax Year 2032 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 15,547,890 | |
Tax Year 2032 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 761,843 | |
Tax Year 2033 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 16,865,884 | |
Tax Year 2033 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 69,854 | |
Tax Year 2034 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 22,139,423 | |
Tax Year 2034 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 61,769 | |
Tax Year 2035 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 19,891,560 | |
Tax Year 2035 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 41,173 | |
Tax Year 2036 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 19,024,525 | |
Tax Year 2036 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 9,917 | |
Tax Year 2037 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 20,396,629 | |
Tax Year 2037 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | ||
Tax Year 2038 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 690,637 | |
Tax Year 2038 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 6,511 | |
Tax Year 2039 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | $ 690,637 | |
Tax Year 2039 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | $ 29,176 |
Note 17 - Segmented Informati_3
Note 17 - Segmented Information (Details Textual) | 12 Months Ended | |
Jul. 31, 2019USD ($) | Jul. 31, 2018USD ($) | |
Long-Lived Assets | $ 81,330,309 | $ 81,270,581 |
Number of Reportable Segments | 1 | |
UNITED STATES | ||
Long-Lived Assets | $ 57,223,443 | |
Percentage of Long Term Assets | 70.00% |
Note 17 - Segmented Informati_4
Note 17 - Segmented Information - Long-term Assets by Geographic Segments (Details) - USD ($) | Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 |
Mineral Rights and Properties | $ 63,536,895 | $ 71,122,576 | |
Property, Plant and Equipment | 7,042,359 | 7,101,552 | |
Restricted Cash | 1,821,392 | 1,789,899 | $ 1,706,028 |
Equity-Accounted Investment | 8,680,449 | 693,502 | $ 151,676 |
Other Long-Term Assets | 249,214 | 563,052 | |
Total Long-Term Assets | 81,330,309 | 81,270,581 | |
Reclamation Deposits | 1,789,899 | ||
United States Texas [Member] | |||
Mineral Rights and Properties | 12,433,203 | 12,729,697 | |
Property, Plant and Equipment | 6,333,950 | 6,362,608 | |
Restricted Cash | 1,732,419 | ||
Equity-Accounted Investment | |||
Other Long-Term Assets | 221,214 | 416,519 | |
Total Long-Term Assets | 20,720,786 | 21,209,750 | |
Reclamation Deposits | 1,700,926 | ||
United States Arizona [Member] | |||
Mineral Rights and Properties | 4,427,477 | 11,069,018 | |
Property, Plant and Equipment | |||
Restricted Cash | 15,000 | ||
Equity-Accounted Investment | |||
Other Long-Term Assets | |||
Total Long-Term Assets | 4,442,477 | 11,084,018 | |
Reclamation Deposits | 15,000 | ||
United States Wyoming [Member] | |||
Mineral Rights and Properties | 31,527,870 | 31,527,870 | |
Property, Plant and Equipment | 342,515 | 357,392 | |
Restricted Cash | 73,973 | ||
Equity-Accounted Investment | |||
Other Long-Term Assets | 28,000 | 146,533 | |
Total Long-Term Assets | 31,972,358 | 32,105,768 | |
Reclamation Deposits | 73,973 | ||
United States Other States [Member] | |||
Mineral Rights and Properties | 87,822 | 735,468 | |
Property, Plant and Equipment | |||
Restricted Cash | |||
Equity-Accounted Investment | |||
Other Long-Term Assets | |||
Total Long-Term Assets | 87,822 | 735,468 | |
Reclamation Deposits | |||
CANADA | |||
Mineral Rights and Properties | 546,938 | 546,938 | |
Property, Plant and Equipment | 14,223 | 25,889 | |
Restricted Cash | |||
Equity-Accounted Investment | 8,680,449 | 693,502 | |
Other Long-Term Assets | |||
Total Long-Term Assets | 9,241,610 | 1,266,329 | |
Reclamation Deposits | |||
PARAGUAY | |||
Mineral Rights and Properties | 14,513,585 | 14,513,585 | |
Property, Plant and Equipment | 351,671 | 355,663 | |
Restricted Cash | |||
Equity-Accounted Investment | |||
Other Long-Term Assets | |||
Total Long-Term Assets | $ 14,865,256 | 14,869,248 | |
Reclamation Deposits |
Note 17 - Segmented Informati_5
Note 17 - Segmented Information - Operating Results by Geographic Segments (Details) - USD ($) | 12 Months Ended | ||
Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | |
Mineral Property Expenditures | $ 4,487,537 | $ 4,552,151 | $ 4,120,388 |
General and administrative | 10,142,035 | 11,407,206 | 10,241,681 |
Depreciation, amortization and accretion | 347,441 | 354,624 | 497,728 |
14,977,013 | 16,313,981 | 15,218,433 | |
Loss from operations | (14,977,013) | (16,313,981) | (15,218,433) |
Other income (expenses) | (2,190,148) | (2,220,164) | (2,786,978) |
Loss before income taxes | (17,167,161) | (18,534,145) | (18,005,411) |
Impairment loss on mineral properties | 297,942 | ||
Inventory write-down | 60,694 | ||
United States Texas [Member] | |||
Mineral Property Expenditures | 3,072,855 | 2,381,993 | 2,450,834 |
General and administrative | 6,619,855 | 7,055,370 | 7,053,270 |
Depreciation, amortization and accretion | 314,599 | 325,567 | 487,288 |
10,007,309 | 9,762,930 | 10,238,028 | |
Loss from operations | (10,007,309) | (9,762,930) | (10,238,028) |
Other income (expenses) | (3,337,331) | (2,630,691) | (2,772,617) |
Loss before income taxes | (13,344,640) | (12,393,621) | (13,010,645) |
Impairment loss on mineral properties | 185,942 | ||
Inventory write-down | 60,694 | ||
United States Arizona [Member] | |||
Mineral Property Expenditures | 112,724 | 100,296 | 101,628 |
General and administrative | 14,040 | 13,877 | 33,761 |
Depreciation, amortization and accretion | |||
126,764 | 114,173 | 143,723 | |
Loss from operations | (126,764) | (114,173) | (143,723) |
Other income (expenses) | (18,914) | (18,914) | (18,914) |
Loss before income taxes | (145,678) | (133,087) | (162,637) |
Impairment loss on mineral properties | 8,334 | ||
Inventory write-down | |||
United States Wyoming [Member] | |||
Mineral Property Expenditures | 655,807 | 1,282,164 | |
General and administrative | 147,648 | 581,277 | |
Depreciation, amortization and accretion | 14,876 | 12,847 | |
818,331 | 1,876,288 | ||
Loss from operations | (818,331) | (1,876,288) | |
Other income (expenses) | 2,284 | 1,541 | |
Loss before income taxes | (816,047) | (1,874,747) | |
Impairment loss on mineral properties | |||
Inventory write-down | |||
United States Other States [Member] | |||
Mineral Property Expenditures | 69,910 | 67,550 | 70,588 |
General and administrative | 3,557 | 10,931 | 3,933 |
Depreciation, amortization and accretion | 996 | 996 | 996 |
74,463 | 79,477 | 179,183 | |
Loss from operations | (74,463) | (79,477) | (179,183) |
Other income (expenses) | 1,578,864 | ||
Loss before income taxes | 1,504,401 | (79,477) | (179,183) |
Impairment loss on mineral properties | 103,666 | ||
Inventory write-down | |||
CANADA | |||
Mineral Property Expenditures | 16,078 | ||
General and administrative | 3,165,883 | 3,467,934 | 3,063,839 |
Depreciation, amortization and accretion | 11,666 | 11,599 | 8,088 |
3,193,627 | 3,479,533 | 3,071,927 | |
Loss from operations | (3,193,627) | (3,479,533) | (3,071,927) |
Other income (expenses) | (432,598) | 423,657 | 636 |
Loss before income taxes | (3,626,225) | (3,055,876) | (3,071,291) |
Impairment loss on mineral properties | |||
Inventory write-down | |||
PARAGUAY | |||
Mineral Property Expenditures | 560,163 | 720,148 | 1,497,338 |
General and administrative | 191,052 | 277,817 | 86,878 |
Depreciation, amortization and accretion | 5,304 | 3,615 | 1,356 |
756,519 | 1,001,580 | 1,585,572 | |
Loss from operations | (756,519) | (1,001,580) | (1,585,572) |
Other income (expenses) | 17,547 | 4,243 | 3,917 |
Loss before income taxes | $ (738,972) | $ (997,337) | (1,581,655) |
Impairment loss on mineral properties | |||
Inventory write-down |
Note 18 - Supplemental Cash F_2
Note 18 - Supplemental Cash Flow Information (Details Textual) - USD ($) | Aug. 07, 2019 | Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 |
Stock Issued During Period, Shares, Issued for Services | 165,404 | 225,168 | 865,386 | |
Stock Issued During Period, Value, Issued for Services | $ 226,539 | $ 349,834 | $ 1,107,937 | |
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 1,361,944 | $ 1,711,579 | $ 1,584,394 | |
Stock Issued, Shares Issued For Extension Fees | 1,180,328 | |||
Stock Issued Value Issued For Extension Fees | $ 1,400,000 | |||
Stock Issued During Period, Shares, Credit Facility | 641,574 | 738,503 | ||
Stock Issued During Period, Value ,Credit Facility | 1,400,000 | $ 900,000 | $ 1,100,000 | |
Interest Paid, Excluding Capitalized Interest, Operating Activities | $ 1,622,222 | 1,622,222 | 1,622,222 | |
Stock Issued During the Period, Shares, Issued in Exchange for Warrants | 750,000 | |||
Fair Value Common Shares Issued for Warrants Exchanged | $ 997,500 | |||
Number of Warrants Exchanged for Common Shares | 11,000,000 | |||
Class of Warrant or Right Cancelled, Weighted Average Exercise Price | $ 2.30 | |||
Share Issuance Obligation Amount | $ 187,100 | |||
Stock Issued During Period, Value, For Settlement of Current Liabilities | $ 845,824 | $ 1,524,650 | ||
Workman Creek Project [Member] | ||||
Stock Issued During the Period, Shares, for Mineral Properties Royalty Payments | 46,134 | 46,800 | ||
Stock Issued During the Period, Value for Mineral Properties Royalty Payments | $ 61,820 | $ 48,672 | ||
Various Venders [Member] | ||||
Stock Issued During Period, Shares, For Settlement of Current Liabilities | 565,499 | 351,061 | ||
Stock Issued During Period, Value, For Settlement of Current Liabilities | $ 845,824 | $ 454,195 | ||
Reno Creek Project [Member] | ||||
Stock Issued During Period, Shares, Acquisitions | 14,392,927 | 14,634,748 | ||
Payments to Acquire Businesses, Gross | $ 909,930 | |||
Stock Issued During Period, Shares, Issued for Reimbursable Acquisition Expenses | 353,160 | |||
Stock Issued During Period, Value, Issued for Reimbursable Acquisition Expenses | $ 483,829 | |||
Stock Issued During Period, Shares, Transaction Costs | 217,702 | |||
Stock Issued During Period, Value, Transaction Costs | $ 283,013 | |||
Stock Issued During Period, Value, Acquisitions | $ 20,332,617 | |||
North Reno Creek Project [Member] | ||||
Stock Issued During Period, Shares, Acquisitions | 1,625,531 | |||
Stock Issued During Period, Shares, Transaction Costs | 65,684 | |||
Stock Issued During Period, Value, Transaction Costs | $ 105,751 | |||
Asset Acquisition Consideration Transferred Equity Interests Issued | 2,617,105 | |||
Payments to Acquire Assets, Gross | 2,940,000 | |||
Stock Issued During Period, Value, Acquisitions | $ 2,722,856 | |||
Diabase Project [Member] | ||||
Stock Issued During Period, Shares, Acquisitions | 164,767 | |||
Payments to Acquire Assets, Gross | $ 239,120 | |||
Stock Issued During Period, Value, Acquisitions | $ 232,321 | |||
The 2017 Stock Incentive Plan [Member] | ||||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total | 398,839 | |||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 510,528 | |||
Share Issuance Obligation Amount | 638,142 | |||
Royalty Purchase Agreement [Member] | Uranium Royalty Corp [Member] | ||||
Number Of Shares Acquired Through Sale Of Royalties | 12,000,000 | |||
Consideration Shares, Fair Value | $ 9,077,842 | |||
Surety Bond [Member] | ||||
Payment of Bond Premiums | $ 113,117 | $ 118,944 | $ 117,069 | |
Certain Management, Employees and Consultants of the Company [Member] | ||||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total | 888,126 | 1,265,446 | 846,069 | |
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 1,174,844 | $ 1,839,193 | $ 967,369 |
Note 19 - Commitments and Con_3
Note 19 - Commitments and Contingencies (Details Textual) | 12 Months Ended |
Jul. 31, 2019USD ($) | |
Monthly Lease Payments | $ 21,757 |
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 705,000 |
Note 19 - Commitments and Con_4
Note 19 - Commitments and Contingencies - Aggregate Minimum Rental and Lease Payments (Details) | Jul. 31, 2019USD ($) |
Fiscal 2020 | $ 242,408 |
Fiscal 2021 | 178,956 |
Fiscal 2022 | |
Fiscal 2023 | |
$ 421,364 |