Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jan. 31, 2020 | Mar. 09, 2020 | |
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 Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 183,910,180 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jan. 31, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 10,272,315 | $ 6,058,186 |
Term deposits | 11,831,671 | |
Inventories | 211,662 | 211,662 |
Prepaid expenses and deposits | 1,459,916 | 1,343,458 |
Other current assets | 124,351 | 264,956 |
TOTAL CURRENT ASSETS | 12,068,244 | 19,709,933 |
MINERAL RIGHTS AND PROPERTIES | 63,606,605 | 63,536,895 |
PROPERTY, PLANT AND EQUIPMENT | 7,021,321 | 7,042,359 |
RESTRICTED CASH | 1,834,746 | 1,821,392 |
EQUITY-ACCOUNTED INVESTMENT | 10,994,683 | 8,680,449 |
OTHER LONG-TERM ASSETS | 988,712 | 249,214 |
TOTAL ASSETS | 96,514,311 | 101,040,242 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 1,917,939 | 3,002,688 |
Other current liabilities | 198,108 | |
Due to a related party | 32,306 | 68,680 |
TOTAL CURRENT LIABILITIES | 2,148,353 | 3,071,368 |
LONG-TERM DEBT | 19,044,764 | 19,599,963 |
ASSET RETIREMENT OBLIGATIONS | 3,637,698 | 3,541,082 |
OTHER LONG-TERM LIABILITIES | 551,931 | 50,010 |
DEFERRED TAX LIABILITIES | 546,941 | 550,551 |
TOTAL LIABILITIES | 25,929,687 | 26,812,974 |
STOCKHOLDERS' EQUITY | ||
Common stock $0.001 par value: 750,000,000 shares authorized, 183,673,815 shares issued and outstanding (July 31, 2019 - 180,896,431) | 183,674 | 180,896 |
Additional paid-in capital | 339,570,053 | 336,047,595 |
Share issuance obligation | 187,100 | |
Accumulated deficit | (269,132,022) | (262,200,784) |
Accumulated other comprehensive (loss) income | (37,081) | 12,461 |
TOTAL EQUITY | 70,584,624 | 74,227,268 |
TOTAL LIABILITIES AND EQUITY | 96,514,311 | 101,040,242 |
COMMITMENTS AND CONTINGENCIES |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jan. 31, 2020 | Jul. 31, 2019 |
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) | 183,673,815 | 180,896,431 |
Common stock, shares outstanding (in shares) | 183,673,815 | 180,896,431 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | |
COSTS AND EXPENSES | ||||
Mineral property expenditures | $ 1,323,323 | $ 899,217 | $ 2,846,774 | $ 1,765,460 |
General and administrative | 2,394,794 | 2,183,463 | 4,709,964 | 4,442,398 |
Depreciation, amortization and accretion | 81,752 | 84,807 | 158,138 | 173,583 |
TOTAL COSTS AND EXPENSES | 3,799,869 | 3,167,487 | 7,714,876 | 6,381,441 |
LOSS FROM OPERATIONS | (3,799,869) | (3,167,487) | (7,714,876) | (6,381,441) |
OTHER INCOME (EXPENSES) | ||||
Interest income | 52,341 | 117,078 | 141,522 | 174,982 |
Interest expenses and finance costs | (859,163) | (813,809) | (1,744,288) | (1,568,658) |
Income (loss) from equity-accounted investment | 2,704,373 | (105,837) | 2,363,776 | 282,032 |
Other income | 9,925 | 29,819 | 17,218 | 96,255 |
Gain on disposition of assets | 1,800 | 1,583,764 | 1,800 | 1,583,764 |
TOTAL OTHER INCOME (EXPENSES) | 1,909,276 | 811,015 | 780,028 | 568,375 |
LOSS BEFORE INCOME TAXES | (1,890,593) | (2,356,472) | (6,934,848) | (5,813,066) |
DEFERRED TAX BENEFITS | 1,932 | 6,798 | 3,610 | 11,966 |
NET LOSS FOR THE PERIOD | (1,888,661) | (2,349,674) | (6,931,238) | (5,801,100) |
OTHER COMPREHENSIVE (LOSS) INCOME, NET OF INCOME TAXES | (39,648) | 38,232 | (49,542) | 38,232 |
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD | $ (1,928,309) | $ (2,311,442) | $ (6,980,780) | $ (5,762,868) |
NET LOSS PER SHARE, BASIC AND DILUTED (in dollars per share) | $ (0.01) | $ (0.01) | $ (0.04) | $ (0.03) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED (in shares) | 182,802,747 | 177,061,313 | 182,021,725 | 171,729,303 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | |
OPERATING ACTIVITIES | ||||
Net loss for the period | $ (1,888,661) | $ (2,349,674) | $ (6,931,238) | $ (5,801,100) |
Adjustments to reconcile net loss to cash flows in operating activities | ||||
Stock-based compensation | 798,250 | 747,342 | 1,715,636 | 1,588,866 |
Depreciation, amortization and accretion | 158,138 | 173,583 | ||
Amortization of long-term debt discount | 412,580 | 358,349 | 844,801 | 666,120 |
Gain on disposition of assets | (1,800) | (1,583,764) | ||
Income from equity-accounted investment | (2,704,373) | 105,837 | (2,363,776) | (282,032) |
Deferred tax benefits | (1,932) | (6,798) | (3,610) | (11,966) |
Realized loss on available-for-sale securities | 799 | |||
Changes in operating assets and liabilities | ||||
Prepaid expenses and deposits | 137,189 | (168,785) | ||
Other current assets | 140,605 | (81,609) | ||
Accounts payable and accrued liabilities | (1,134,749) | (841,344) | ||
Due to a related party | (36,374) | 27,531 | ||
Other liabilities | (70,616) | |||
NET CASH USED IN OPERATING ACTIVITIES | (7,545,794) | (6,313,701) | ||
FINANCING ACTIVITIES | ||||
Proceeds from share issuance, net of issuance costs | 21,538,191 | |||
NET CASH PROVIDED BY FINANCING ACTIVITIES | 21,538,191 | |||
INVESTING ACTIVITIES | ||||
Investment in mineral rights and properties | (30,000) | (105,000) | ||
Purchase of property, plant and equipment | (30,194) | (19,505) | ||
Investment in term deposits | (18,026,455) | |||
Proceeds from redemption of term deposits | 11,831,671 | |||
Proceeds from disposition of assets | 1,800 | 4,900 | ||
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | 11,773,277 | (18,146,060) | ||
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 4,227,483 | (2,921,570) | ||
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 7,879,578 | 8,716,422 | ||
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | $ 12,107,061 | $ 5,794,852 | $ 12,107,061 | $ 5,794,852 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Share Issuance Obligation [Member] | Total |
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 | |
Common stock issued for consulting services (in shares) | 30,845 | |||||
Common stock issued for consulting services | $ 31 | 50,682 | 50,713 | |||
Common stock issued under Stock Incentive Plan (in shares) | 141,546 | |||||
Common stock issued under Stock Incentive Plan | $ 141 | 239,114 | 239,255 | |||
Amortization of stock option expenses | 551,556 | 551,556 | ||||
Net loss for the period | (3,451,426) | (3,451,426) | ||||
Issued for equity financing, net of issuance costs (in shares) | 12,613,049 | |||||
Issued for equity financing, net of issuance costs | $ 12,613 | 15,978,349 | 15,990,962 | |||
Issued upon exercise of stock options (in shares) | 100,422 | |||||
Issued upon exercise of stock options | $ 100 | 72,262 | 72,362 | |||
Issued upon exercise of warrants (in shares) | 2,061,764 | |||||
Issued upon exercise of warrants | $ 2,062 | 2,494,555 | 2,496,617 | |||
Issued for equity financing | 2,606,884 | 2,606,884 | ||||
Issued for equity financing as issuance costs | 371,366 | 371,366 | ||||
Reclassification upon adoption of ASU No. 2016-01 | 103,641 | (103,641) | ||||
Balance (in shares) at Oct. 31, 2018 | 176,123,390 | |||||
Balance at Oct. 31, 2018 | $ 176,123 | 330,427,147 | (248,499,421) | 82,103,849 | ||
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 | |
Net loss for the period | (5,801,100) | |||||
Other comprehensive income (loss) | 38,232 | |||||
Balance (in shares) at Jan. 31, 2019 | 177,642,699 | |||||
Balance at Jan. 31, 2019 | $ 177,643 | 332,600,628 | (250,849,095) | 38,232 | 81,967,408 | |
Balance (in shares) at Oct. 31, 2018 | 176,123,390 | |||||
Balance at Oct. 31, 2018 | $ 176,123 | 330,427,147 | (248,499,421) | 82,103,849 | ||
Common stock issued for consulting services (in shares) | 98,861 | |||||
Common stock issued for consulting services | $ 98 | 127,643 | 127,741 | |||
Common stock issued under Stock Incentive Plan (in shares) | 223,156 | |||||
Common stock issued under Stock Incentive Plan | $ 225 | 290,013 | 290,238 | |||
Amortization of stock option expenses | 357,022 | 357,022 | ||||
Net loss for the period | (2,349,674) | (2,349,674) | ||||
Other comprehensive income (loss) | 38,232 | 38,232 | ||||
Issued for credit facility (in shares) | 1,180,328 | |||||
Issued for credit facility | $ 1,180 | 1,398,820 | 1,400,000 | |||
Issued upon exercise of stock options (in shares) | 16,964 | |||||
Issued upon exercise of stock options | $ 17 | (17) | ||||
Balance (in shares) at Jan. 31, 2019 | 177,642,699 | |||||
Balance at Jan. 31, 2019 | $ 177,643 | 332,600,628 | (250,849,095) | 38,232 | 81,967,408 | |
Balance (in shares) at Jul. 31, 2019 | 180,896,431 | |||||
Balance at Jul. 31, 2019 | $ 180,896 | 336,047,595 | (262,200,784) | 12,461 | $ 187,100 | 74,227,268 |
Common stock issued for consulting services (in shares) | 29,167 | |||||
Common stock issued for consulting services | $ 29 | 31,763 | 31,792 | |||
Common stock issued under Stock Incentive Plan (in shares) | 435,348 | |||||
Common stock issued under Stock Incentive Plan | $ 436 | 410,026 | (187,100) | 223,362 | ||
Amortization of stock option expenses | 662,232 | 662,232 | ||||
Net loss for the period | (5,042,577) | (5,042,577) | ||||
Other comprehensive income (loss) | (9,894) | (9,894) | ||||
Balance (in shares) at Oct. 31, 2019 | 181,360,946 | |||||
Balance at Oct. 31, 2019 | $ 181,361 | 337,151,616 | (267,243,361) | 2,567 | 70,092,183 | |
Balance (in shares) at Jul. 31, 2019 | 180,896,431 | |||||
Balance at Jul. 31, 2019 | $ 180,896 | 336,047,595 | (262,200,784) | 12,461 | 187,100 | 74,227,268 |
Net loss for the period | (6,931,238) | |||||
Other comprehensive income (loss) | (49,542) | |||||
Balance (in shares) at Jan. 31, 2020 | 183,673,815 | |||||
Balance at Jan. 31, 2020 | $ 183,674 | 339,570,053 | (269,132,022) | (37,081) | 70,584,624 | |
Balance (in shares) at Oct. 31, 2019 | 181,360,946 | |||||
Balance at Oct. 31, 2019 | $ 181,361 | 337,151,616 | (267,243,361) | 2,567 | 70,092,183 | |
Common stock issued for consulting services (in shares) | 313,201 | |||||
Common stock issued for consulting services | $ 313 | 277,644 | 277,957 | |||
Common stock issued under Stock Incentive Plan (in shares) | 256,206 | |||||
Common stock issued under Stock Incentive Plan | $ 257 | 234,535 | 234,792 | |||
Amortization of stock option expenses | 485,268 | 485,268 | ||||
Net loss for the period | (1,888,661) | (1,888,661) | ||||
Other comprehensive income (loss) | (39,648) | $ (39,648) | ||||
Issued for credit facility (in shares) | 1,743,462 | 1,743,462 | ||||
Issued for credit facility | $ 1,743 | 1,398,257 | $ 1,400,000 | |||
Issued for consulting services, warrants | 22,733 | 22,733 | ||||
Balance (in shares) at Jan. 31, 2020 | 183,673,815 | |||||
Balance at Jan. 31, 2020 | $ 183,674 | $ 339,570,053 | $ (269,132,022) | $ (37,081) | $ 70,584,624 |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 1: 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” July 31, 2013 ( 2013” July 31, 2012 ( 2012” No six January 31, 2020, July 31, 2019 ( 2019” July 31, 2018 ( 2018” July 31, 2017 ( 2017” July 31, 2016 ( 2016” July 31, 2014 ( 2014” At January 31, 2020, $10.3 $9.9 12 |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Policies | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | NOTE 2: SUMMARY OF SIGNIFICANT POLICIES Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP”) for interim financial information and are presented in U.S. dollars. Accordingly, they do not 10 2019. six January 31, 2020, not may July 31, 2020 ( 2020” Exploration Stage We have established the existence of mineralized materials for certain uranium projects, including for our Palangana Mine. We have not 7 7” no November 2010, 7, Since we commenced the 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 drilling 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 Recent ly Adopted Accounting Standards In February 2016, 2016 02, 842 Effective August 1, 2019, not We elected the following optional practical expedients: • we elected the short-term lease recognition exemption whereby ROU assets and lease liabilities will not one • we elected the land easements practical expedient whereby existing land easements are not • we elected hindsight practical expedient when determining lease term; and • we elected the practical expedient not Based on contracts outstanding at August 1, 2019, $876,590 $92,235 $784,355. not 11: Accounting Policy - Leases The Company’s accounting policy as a result of adoption of ASC 842 The Company determines if a contractual arrangement represents or contains a lease at inception. Operating leases with lease terms greater than 12 Operating and finance lease ROU assets and lease liabilities are recognized based on the present value of the future lease payments over the lease term at commencement date. When the rate implicit to the lease cannot be readily determined, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term and the amount equal to the lease payments in a similar economic environment. The Company’s operating lease expenses are recognized on a straight-line basis over the lease term and included in General and Administration expenses. Short-term leases, which have an initial term of 12 not The Company has leases arrangements that include both lease and non-lease components. The Company accounts for each separate lease component and its associated non-lease components as a single lease component for all of its asset classes. |
Note 3 - Mineral Rights and Pro
Note 3 - Mineral Rights and Properties | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Mineral Industries Disclosures [Text Block] | NOTE 3 : MINERAL RIGHTS AND PROPERTIES Mineral Rights At January 31, 2020, January 31, 2020, $2.7 Mineral rights and property acquisition costs consisted of the following: January 31, 2020 July 31, 2019 Mineral Rights and Properties Palangana Mine $ 6,027,784 $ 6,027,784 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 3,470,373 Workman Creek Project 749,854 699,854 Los Cuatros Project 257,250 257,250 Slick Rock Project 30,000 - 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 67,531,387 67,451,387 Accumulated Depletion (3,929,884 ) (3,929,884 ) 63,601,503 63,521,503 Databases 2,410,038 2,410,038 Accumulated Amortization (2,409,686 ) (2,409,188 ) 352 850 Land Use Agreements 48,770 404,310 Accumulated Amortization (44,020 ) (389,768 ) 4,750 14,542 $ 63,606,605 $ 63,536,895 We have not 7, may not During the six January 31, 2020 2019, no three six January 31, 2020 2019. Mineral property expenditures incurred by major projects were as follows: Three Months Ended January 31, Six Months Ended January 31, 2020 2019 2020 2019 Mineral Property Expenditures Palangana Mine $ 528,699 $ 246,592 $ 848,726 $ 526,624 Goliad Project 36,843 19,056 96,807 37,878 Burke Hollow Project 220,812 166,469 869,673 275,014 Longhorn Project 2,289 10,157 12,446 25,533 Salvo Project 6,702 6,702 13,970 13,510 Anderson Project 13,433 15,056 29,486 37,270 Workman Creek Project 8,168 7,673 16,365 15,364 Slick Rock Project 13,271 12,206 26,405 29,430 Reno Creek Project 144,181 147,418 292,224 295,294 Yuty Project 16,718 62,600 30,914 86,003 Oviedo Project 123,117 40,758 229,055 61,483 Alto Paraná Titanium Project 110,085 34,429 166,333 60,262 Other Mineral Property Expenditures 99,005 130,101 214,370 301,795 $ 1,323,323 $ 899,217 $ 2,846,774 $ 1,765,460 |
Note 4 - Property, Plant and Eq
Note 4 - Property, Plant and Equipment | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 4 : PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following: January 31, 2020 July 31, 2019 Cost Accumulated Net Book Cost Accumulated Net Book Hobson Processing Facility $ 6,642,835 $ (773,933 ) $ 5,868,902 $ 6,642,835 $ (773,933 ) $ 5,868,902 Mining Equipment 2,394,278 (2,334,120 ) 60,158 2,467,557 (2,402,681 ) 64,876 Logging Equipment and Vehicles 1,948,557 (1,734,654 ) 213,903 1,950,229 (1,730,905 ) 219,324 Computer Equipment 577,410 (554,687 ) 22,723 572,551 (546,652 ) 25,899 Furniture and Fixtures 170,701 (169,663 ) 1,038 170,701 (169,379 ) 1,322 Land and Buildings 889,606 (35,009 ) 854,597 889,606 (27,570 ) 862,036 $ 12,623,387 $ (5,602,066 ) $ 7,021,321 $ 12,693,479 $ (5,651,120 ) $ 7,042,359 During the six January 31, 2020 2019, no no three six January 31, 2020 2019. |
Note 5 - Restricted Cash
Note 5 - Restricted Cash | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Restricted Cash [Text Block] | NOTE 5 : RESTRICTED CASH Restricted cash 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, and 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. January 31, 2020 July 31, 2019 Restricted cash, beginning of period $ 1,821,392 $ 1,789,899 Interest received 13,354 31,493 Restricted cash, end of period $ 1,834,746 $ 1,821,392 Cash, cash equivalents and restricted cash are included in the following accounts at January 31, 2020 2019: January 31, 2020 January 31, 2019 Cash and cash equivalents $ 10,272,315 $ 3,990,524 Restricted cash 1,834,746 1,804,328 Total cash, cash equivalents and restricted cash $ 12,107,061 $ 5,794,852 |
Note 6 - Equity-accounted Inves
Note 6 - Equity-accounted Investment | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | NOTE 6 : EQUITY-ACCOUNTED INVESTMENT As at January 31, 2020, 14,000,000 During the three January 31, 2020, 20,000,000 one one As at January 31, 2020, 19.5% July 31, 2019: 32.6% two one three six January 31, 2020. During the three January 31, 2020, 0.5% third During the six January 31, 2020, Balance, July 31, 2019 $ 8,680,449 Share of loss from URC (692,880 ) Gain on ownership interest dilution 3,056,656 Translation loss (49,542 ) Balance, January 31, 2020 $ 10,994,683 |
Note 7 - Other Long-term Assets
Note 7 - Other Long-term Assets | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | NOTE 7: At January 31, 2020, $988,712 July 31, 2019: $249,214 $770,645 July 31, 2019: $Nil $218,067 July 31, 2019: $249,214 |
Note 8 - Related Party Transact
Note 8 - Related Party Transactions | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 8 : RELATED PARTY TRANSACTIONS During the three January 31, 2020 2019, $35,657 $40,017 six January 31, 2020 2019: $68,490 $77,721 At January 31, 2020, $32,306 July 31, 2019: $68,680 |
Note 9 - Long-term Debt
Note 9 - Long-term Debt | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | NOTE 9 : LONG-TERM DEBT As at January 31, 2020, January 31, 2020 July 31, 2019 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount and accrued fees (955,236 ) (400,037 ) Long-term debt, net of unamortized discount $ 19,044,764 $ 19,599,963 For the three January 31, 2020 2019, $412,580 $358,349, six January 31, 2020 2019: $844,801 $666,120 During the three January 31, 2020, 1,743,462 $1,400,000 7% $20,000,000 October 31, 2019, The Company’s Credit Facility has a maturity date on January 31, 2022, 8% 16.67%. The aggregate yearly maturities of long-term debt based on principal amounts outstanding at January 31, 2020 Fiscal 2020 $ - Fiscal 2021 - Fiscal 2022 20,000,000 Total $ 20,000,000 |
Note 10 - Asset Retirement Obli
Note 10 - Asset Retirement Obligations | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Asset Retirement Obligation Disclosure [Text Block] | NOTE 10 : ASSET RETIREMENT OBLIGATIONS Asset retirement obligations (“ARO”) relate to future remediation and decommissioning activities at our Palangana Mine, Hobson Processing Facility, Reno Creek Project and Alto Paraná Titanium Project. Balance, July 31, 2019 $ 3,541,082 Accretion 96,616 Balance, January 31, 2020 $ 3,637,698 The estimated amounts and timing of cash flows and assumptions used for ARO estimates are as follows: January 31, 2020 July 31, 2019 Undiscounted amount of estimated cash flows $ 8,221,018 $ 8,221,018 Payable in years 9 to 21 9 to 21 Inflation rate 1.56% to 2.17% 1.56% to 2.17% Discount rate 5.50% to 5.96% 5.50% to 5.96% The undiscounted amounts of estimated cash flows for the next five Fiscal 2021 $ - Fiscal 2022 - Fiscal 2023 - Fiscal 2024 - Fiscal 2025 - Remaining balance 8,221,018 $ 8,221,018 |
Note 11 - Lease Liabilities
Note 11 - Lease Liabilities | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | NOTE 11 : LEASE LIABILITIES The Company primarily has operating leases for corporate offices and a processing facility with a remaining term of 1.2 19.3 12 not During the three six January 31, 2020, Three Months Ended Six Months Ended January 31, 2020 January 31, 2020 Operating leases $ 59,309 $ 118,939 Short-term leases 23,516 397,029 Total Lease Expenses $ 82,825 $ 515,968 As at January 31, 2020, 14.1 4.7%. During the six January 31, 2020, $100,450. Minimum future lease payments under operating leases with terms longer than one Fiscal 2020 $ 120,382 Fiscal 2021 175,382 Fiscal 2022 220,000 Fiscal 2023 20,000 Fiscal 2024 20,000 Thereafter 320,000 Total lease payments 875,764 Less: imputed interest (179,713 ) Present value of lease liabilities $ 696,051 Currrent portion of lease liabilities 189,974 Non-curent portion of lease liabilities $ 506,077 Current lease liabilities are included in Other Current Liabilities, and non-current liabilities are included in Other Long-term Liabilities in our Consolidated Balance Sheets. |
Note 12 - Capital Stock
Note 12 - Capital Stock | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 12 : CAPITAL STOCK A summary of share purchase warrants outstanding and exercisable at January 31, 2020 Weighted Average Number of Warrants Weighted Average Remaining Contractual Expiry Date $ 1.25 150,000 0.90 December 23, 2020 1.50 150,000 0.90 December 23, 2020 2.05 7,063,253 1.17 April 3, 2021 2.30 308,728 2.52 August 9, 2022 1.64 50,000 3.30 May 21, 2023 $ 2.03 7,721,981 1.23 A continuity schedule of outstanding share purchase warrants for the six January 31, 2020 Number of Weighted Average Balance, July 31, 2019 19,443,910 1.94 Issued 300,000 1.38 Expired (12,021,929 ) 1.87 Balance, January 31, 2020 7,721,981 $ 2.03 Stock Options At January 31, 2020, one 2019 2018 A summary of stock options granted by the Company during the six January 31, 2020, Date Options Exercise Price Term Fair Expected Risk-Free Dividend Yield Expected Volatility August 7, 2019 597,650 $ 0.91 10.00 $ 303,160 5.00 1.51 % 0.00 % 66.10 % These stock options are subject to a 24 first three six 12.5% 12, 18 24 25% A continuity schedule of outstanding stock options for the underlying shares for the six January 31, 2020, Number of Stock Options Weighted Average Exercise Price Balance, July 31, 2019 15,738,350 $ 1.30 Granted 597,650 0.91 Expired (5,990,000 ) 1.34 Balance, October 31, 2019 10,346,000 $ 1.25 Forfeited (21,875 ) 1.19 Expired (37,500 ) 1.20 Balance, January 31, 2020 10,286,625 $ 1.25 A continuity schedule of outstanding unvested stock options at January 31, 2020, Number of Unvested Stock Options Weighted Average Grant-Date Fair Value Balance, July 31, 2019 3,310,600 $ 0.59 Granted 597,650 0.51 Vested (645,550 ) 0.61 Balance, October 31, 2019 3,262,700 $ 0.57 Forfeited (21,875 ) 0.59 Vested (806,534 ) 0.62 Balance, January 31, 2020 2,434,291 $ 0.55 At January 31, 2020, $701,836 0.99 At January 31, 2020, 718 $Nil $Nil $Nil A summary of stock options outstanding and exercisable at January 31, 2020 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) $0.91 to $0.99 4,227,625 $ 0.94 6.11 2,309,334 $ 0.94 3.30 $1.00 to $1.49 3,572,500 1.22 1.92 3,531,250 1.22 1.89 $1.50 to $3.75 2,486,500 1.84 2.95 2,011,750 1.91 2.83 10,286,625 $ 1.25 3.89 7,852,334 $ 1.31 2.54 Restricted Stock Units During Fiscal 2019, 465,000 During the three six January 31, 2020, $66,928 $133,856 three six January 31, 2019: $Nil $Nil January 31, 2020, 465,000 July 31, 2019: 465,000 $304,220, 2.50 Performance Based Restricted Stock Units During Fiscal 2019, 445,000 During the three six January 31, 2020, $68,165 $136,330 three six January 31, 2019: $Nil $Nil January 31, 2020, 445,000 July 31, 2019: 445,000 $375,682, 2.50 Stock - Based Compensation A summary of stock-based compensation expense is as follows: Three Months Ended January 31, Six Months Ended January 31, 2020 2019 2020 2019 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 126,150 $ 229,806 $ 233,758 $ 360,610 Amortization of stock option expenses 53,554 30,319 100,525 84,720 179,704 260,125 334,283 445,330 Stock-Based Compensation for Management Common stock issued to management 34,100 35,639 68,807 70,983 Amortization of stock option expenses 162,728 139,900 406,105 356,704 Amortization of RSU & PRSU expenses 135,093 - 270,186 - 331,921 175,539 745,098 427,687 Stock-Based Compensation for Employees Common stock issued to employees 129,997 124,872 258,025 248,695 Amortization of stock option expenses 156,628 186,806 393,419 467,154 286,625 311,678 651,444 715,849 Settlement of share issuance obligation - - (15,189 ) - $ 798,250 $ 747,342 $ 1,715,636 $ 1,588,866 During the six January 31, 2020, 188,914 $171,911 $187,100, 2019 July 31, 2019 $15,189 July 31, 2019 six January 31, 2020. |
Note 13 - Loss Per Share
Note 13 - Loss Per Share | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 13 : LOSS PER SHARE The following table reconciles the weighted average number of shares used in the calculation of the basic and diluted loss per share: Three Months Ended January 31, Six Months Ended January 31, 2020 2019 2020 2019 Numerator Net Loss for the Period $ (1,888,661 ) $ (2,349,674 ) $ (6,931,238 ) $ (5,801,100 ) Denominator Basic Weighted Average Number of Shares 182,802,747 177,061,313 182,021,725 171,729,303 Dilutive Stock Options, Warrants, RSUs and PRSUs - - - - Diluted Weighted Average Number of Shares 182,802,747 177,061,313 182,021,725 171,729,303 Net Loss per Share, Basic and Diluted $ (0.01 ) $ (0.01 ) $ (0.04 ) $ (0.03 ) For the three six January 31, 2020 2019, |
Note 14 - Segmented Information
Note 14 - Segmented Information | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 14: We currently operate in one At January 31, 2020, $57,887,302 69% $84,446,067. The table below provides a breakdown of the long-term assets by geographic segments: January 31, 2020 Balance Sheet Items United States Texas Arizona Wyoming Other States Canada Paraguay Total Mineral Rights and Properties $ 12,423,411 $ 4,477,477 $ 31,527,870 $ 117,324 $ 546,938 $ 14,513,585 $ 63,606,605 Property, Plant and Equipment 6,310,027 - 335,078 - 9,169 367,047 7,021,321 Restricted Cash 1,745,773 15,000 73,973 - - - 1,834,746 Equity-Accounted Investment - - - - 10,994,683 - 10,994,683 Other Long-Term Assets 836,369 - 25,000 - 127,343 - 988,712 Total Long-Term Assets $ 21,315,580 $ 4,492,477 $ 31,961,921 $ 117,324 $ 11,678,133 $ 14,880,632 $ 84,446,067 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 The tables below provide a breakdown of our operating results by geographic segments for the three six January 31, 2020 2019. Three months ended January 31, 2020 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 891,008 $ 21,600 $ 144,182 $ 16,614 $ - $ 249,919 $ 1,323,323 General and administrative 1,713,121 3,439 20,478 410 634,315 23,031 2,394,794 Depreciation, amortization and accretion 72,437 - 3,720 249 2,465 2,881 81,752 2,676,566 25,039 168,380 17,273 636,780 275,831 3,799,869 Loss from operations (2,676,566 ) (25,039 ) (168,380 ) (17,273 ) (636,780 ) (275,831 ) (3,799,869 ) Other income (expenses) (844,506 ) (4,768 ) 700 - 2,756,714 1,136 1,909,276 Loss before income taxes $ (3,521,072 ) $ (29,807 ) $ (167,680 ) $ (17,273 ) $ 2,119,934 $ (274,695 ) $ (1,890,593 ) Three Months Ended January 31, 2019 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 575,666 $ 22,866 $ 147,418 $ 15,345 $ 135 $ 137,787 $ 899,217 General and administrative 1,508,298 3,482 23,132 1,687 613,571 33,293 2,183,463 Depreciation, amortization and accretion 76,327 - 3,720 249 2,589 1,922 84,807 2,160,291 26,348 174,270 17,281 616,295 173,002 3,167,487 Loss from operations (2,160,291 ) (26,348 ) (174,270 ) (17,281 ) (616,295 ) (173,002 ) (3,167,487 ) Other income (expenses) (775,613 ) (4,768 ) 100 1,578,864 11,242 1,190 811,015 Loss before income taxes $ (2,935,904 ) $ (31,116 ) $ (174,170 ) $ 1,561,583 $ (605,053 ) $ (171,812 ) $ (2,356,472 ) Six Months Ended January 31, 2020 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 2,045,350 $ 46,172 $ 292,225 $ 36,725 $ - $ 426,302 $ 2,846,774 General and administrative 3,413,998 6,828 55,191 1,062 1,188,021 44,864 4,709,964 Depreciation, amortization and accretion 139,933 - 7,437 498 5,054 5,216 158,138 5,599,281 53,000 354,853 38,285 1,193,075 476,382 7,714,876 Loss from operations (5,599,281 ) (53,000 ) (354,853 ) (38,285 ) (1,193,075 ) (476,382 ) (7,714,876 ) Other income (expenses) (1,719,112 ) (9,535 ) 700 - 2,505,298 2,677 780,028 Loss before income taxes $ (7,318,393 ) $ (62,535 ) $ (354,153 ) $ (38,285 ) $ 1,312,223 $ (473,705 ) $ (6,934,848 ) Six Months Ended January 31, 2019 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 1,154,488 $ 52,987 $ 295,294 $ 39,220 $ 15,723 $ 207,748 $ 1,765,460 General and administrative 3,070,055 6,871 54,502 1,948 1,225,041 83,981 4,442,398 Depreciation, amortization and accretion 156,412 - 7,439 498 6,487 2,747 173,583 4,380,955 59,858 357,235 41,666 1,247,251 294,476 6,381,441 Loss from operations (4,380,955 ) (59,858 ) (357,235 ) (41,666 ) (1,247,251 ) (294,476 ) (6,381,441 ) Other income (expenses) (1,461,146 ) (9,535 ) 400 1,578,864 457,061 2,731 568,375 Loss before income taxes $ (5,842,101 ) $ (69,393 ) $ (356,835 ) $ 1,537,198 $ (790,190 ) $ (291,745 ) $ (5,813,066 ) |
Note 15 - Supplemental Cash Flo
Note 15 - Supplemental Cash Flow Information | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | NOTE 1 5 : SUPPLEMENTAL CASH FLOW INFORMATION During the six January 31, 2020 2019, 342,368 129,706 $309,749 $178,454, During the six January 31, 2020 2019, 691,544 364,702 $645,254 $529,492, During the three January 31, 2020, 1,743,462 $1,400,000 During the six January 31, 2020 2019, $817,778 $817,778, |
Note 16 - Commitments and Conti
Note 16 - Commitments and Contingencies | 6 Months Ended |
Jan. 31, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 1 6 : COMMITMENTS AND CONTINGENCIES We are committed to paying our key executives a total of $704,000 We are subject to ordinary routine litigation incidental to our business. Except as disclosed below, we are 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 The Company has had communications and filings with the Ministry of Public Works and Communications (“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, we may not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jan. 31, 2020 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP”) for interim financial information and are presented in U.S. dollars. Accordingly, they do not 10 2019. six January 31, 2020, not may July 31, 2020 ( 2020” |
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 for our Palangana Mine. We have not 7 7” no November 2010, 7, Since we commenced the 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 drilling 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 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent ly Adopted Accounting Standards In February 2016, 2016 02, 842 Effective August 1, 2019, not We elected the following optional practical expedients: • we elected the short-term lease recognition exemption whereby ROU assets and lease liabilities will not one • we elected the land easements practical expedient whereby existing land easements are not • we elected hindsight practical expedient when determining lease term; and • we elected the practical expedient not Based on contracts outstanding at August 1, 2019, $876,590 $92,235 $784,355. not 11: Accounting Policy - Leases The Company’s accounting policy as a result of adoption of ASC 842 The Company determines if a contractual arrangement represents or contains a lease at inception. Operating leases with lease terms greater than 12 Operating and finance lease ROU assets and lease liabilities are recognized based on the present value of the future lease payments over the lease term at commencement date. When the rate implicit to the lease cannot be readily determined, the Company utilizes its incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest the Company would have to pay to borrow on a collateralized basis over a similar term and the amount equal to the lease payments in a similar economic environment. The Company’s operating lease expenses are recognized on a straight-line basis over the lease term and included in General and Administration expenses. Short-term leases, which have an initial term of 12 not The Company has leases arrangements that include both lease and non-lease components. The Company accounts for each separate lease component and its associated non-lease components as a single lease component for all of its asset classes. |
Note 3 - Mineral Rights and P_2
Note 3 - Mineral Rights and Properties (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Schedule Of Mineral Rights and Property Acquisition Costs [Table Text Block] | January 31, 2020 July 31, 2019 Mineral Rights and Properties Palangana Mine $ 6,027,784 $ 6,027,784 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 3,470,373 Workman Creek Project 749,854 699,854 Los Cuatros Project 257,250 257,250 Slick Rock Project 30,000 - 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 67,531,387 67,451,387 Accumulated Depletion (3,929,884 ) (3,929,884 ) 63,601,503 63,521,503 Databases 2,410,038 2,410,038 Accumulated Amortization (2,409,686 ) (2,409,188 ) 352 850 Land Use Agreements 48,770 404,310 Accumulated Amortization (44,020 ) (389,768 ) 4,750 14,542 $ 63,606,605 $ 63,536,895 |
Schedule Of Mineral Property Expenditures Incurred by Major Projects [Table Text Block] | Three Months Ended January 31, Six Months Ended January 31, 2020 2019 2020 2019 Mineral Property Expenditures Palangana Mine $ 528,699 $ 246,592 $ 848,726 $ 526,624 Goliad Project 36,843 19,056 96,807 37,878 Burke Hollow Project 220,812 166,469 869,673 275,014 Longhorn Project 2,289 10,157 12,446 25,533 Salvo Project 6,702 6,702 13,970 13,510 Anderson Project 13,433 15,056 29,486 37,270 Workman Creek Project 8,168 7,673 16,365 15,364 Slick Rock Project 13,271 12,206 26,405 29,430 Reno Creek Project 144,181 147,418 292,224 295,294 Yuty Project 16,718 62,600 30,914 86,003 Oviedo Project 123,117 40,758 229,055 61,483 Alto Paraná Titanium Project 110,085 34,429 166,333 60,262 Other Mineral Property Expenditures 99,005 130,101 214,370 301,795 $ 1,323,323 $ 899,217 $ 2,846,774 $ 1,765,460 |
Note 4 - Property, Plant and _2
Note 4 - Property, Plant and Equipment (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | January 31, 2020 July 31, 2019 Cost Accumulated Net Book Cost Accumulated Net Book Hobson Processing Facility $ 6,642,835 $ (773,933 ) $ 5,868,902 $ 6,642,835 $ (773,933 ) $ 5,868,902 Mining Equipment 2,394,278 (2,334,120 ) 60,158 2,467,557 (2,402,681 ) 64,876 Logging Equipment and Vehicles 1,948,557 (1,734,654 ) 213,903 1,950,229 (1,730,905 ) 219,324 Computer Equipment 577,410 (554,687 ) 22,723 572,551 (546,652 ) 25,899 Furniture and Fixtures 170,701 (169,663 ) 1,038 170,701 (169,379 ) 1,322 Land and Buildings 889,606 (35,009 ) 854,597 889,606 (27,570 ) 862,036 $ 12,623,387 $ (5,602,066 ) $ 7,021,321 $ 12,693,479 $ (5,651,120 ) $ 7,042,359 |
Note 5 - Restricted Cash (Table
Note 5 - Restricted Cash (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Restrictions on Cash and Cash Equivalents [Table Text Block] | January 31, 2020 July 31, 2019 Restricted cash, beginning of period $ 1,821,392 $ 1,789,899 Interest received 13,354 31,493 Restricted cash, end of period $ 1,834,746 $ 1,821,392 |
Schedule of Cash and Cash Equivalents and Restricted Cash [Table Text Block] | January 31, 2020 January 31, 2019 Cash and cash equivalents $ 10,272,315 $ 3,990,524 Restricted cash 1,834,746 1,804,328 Total cash, cash equivalents and restricted cash $ 12,107,061 $ 5,794,852 |
Note 6 - Equity-accounted Inv_2
Note 6 - Equity-accounted Investment (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Balance, July 31, 2019 $ 8,680,449 Share of loss from URC (692,880 ) Gain on ownership interest dilution 3,056,656 Translation loss (49,542 ) Balance, January 31, 2020 $ 10,994,683 |
Note 9 - Long-term Debt (Tables
Note 9 - Long-term Debt (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | January 31, 2020 July 31, 2019 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount and accrued fees (955,236 ) (400,037 ) Long-term debt, net of unamortized discount $ 19,044,764 $ 19,599,963 |
Schedule of Maturities of Long-term Debt [Table Text Block] | Fiscal 2020 $ - Fiscal 2021 - Fiscal 2022 20,000,000 Total $ 20,000,000 |
Note 10 - Asset Retirement Ob_2
Note 10 - Asset Retirement Obligations (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Schedule of Change in Asset Retirement Obligation [Table Text Block] | Balance, July 31, 2019 $ 3,541,082 Accretion 96,616 Balance, January 31, 2020 $ 3,637,698 |
Schedule Of Estimated Cash flow and Assumption Used For ARO [Table Text Block] | January 31, 2020 July 31, 2019 Undiscounted amount of estimated cash flows $ 8,221,018 $ 8,221,018 Payable in years 9 to 21 9 to 21 Inflation rate 1.56% to 2.17% 1.56% to 2.17% Discount rate 5.50% to 5.96% 5.50% to 5.96% |
Schedule Of Undiscounted Amounts Of Estimated Cash Flows [Table Text Block] | Fiscal 2021 $ - Fiscal 2022 - Fiscal 2023 - Fiscal 2024 - Fiscal 2025 - Remaining balance 8,221,018 $ 8,221,018 |
Note 11 - Lease Liabilities (Ta
Note 11 - Lease Liabilities (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three Months Ended Six Months Ended January 31, 2020 January 31, 2020 Operating leases $ 59,309 $ 118,939 Short-term leases 23,516 397,029 Total Lease Expenses $ 82,825 $ 515,968 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Fiscal 2020 $ 120,382 Fiscal 2021 175,382 Fiscal 2022 220,000 Fiscal 2023 20,000 Fiscal 2024 20,000 Thereafter 320,000 Total lease payments 875,764 Less: imputed interest (179,713 ) Present value of lease liabilities $ 696,051 Currrent portion of lease liabilities 189,974 Non-curent portion of lease liabilities $ 506,077 |
Note 12 - Capital Stock (Tables
Note 12 - Capital Stock (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Weighted Average Number of Warrants Weighted Average Remaining Contractual Expiry Date $ 1.25 150,000 0.90 December 23, 2020 1.50 150,000 0.90 December 23, 2020 2.05 7,063,253 1.17 April 3, 2021 2.30 308,728 2.52 August 9, 2022 1.64 50,000 3.30 May 21, 2023 $ 2.03 7,721,981 1.23 |
Schedule Of Share based Compensation Warrants Activity [Table Text Block] | Number of Weighted Average Balance, July 31, 2019 19,443,910 1.94 Issued 300,000 1.38 Expired (12,021,929 ) 1.87 Balance, January 31, 2020 7,721,981 $ 2.03 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Date Options Exercise Price Term Fair Expected Risk-Free Dividend Yield Expected Volatility August 7, 2019 597,650 $ 0.91 10.00 $ 303,160 5.00 1.51 % 0.00 % 66.10 % |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Number of Stock Options Weighted Average Exercise Price Balance, July 31, 2019 15,738,350 $ 1.30 Granted 597,650 0.91 Expired (5,990,000 ) 1.34 Balance, October 31, 2019 10,346,000 $ 1.25 Forfeited (21,875 ) 1.19 Expired (37,500 ) 1.20 Balance, January 31, 2020 10,286,625 $ 1.25 |
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, 2019 3,310,600 $ 0.59 Granted 597,650 0.51 Vested (645,550 ) 0.61 Balance, October 31, 2019 3,262,700 $ 0.57 Forfeited (21,875 ) 0.59 Vested (806,534 ) 0.62 Balance, January 31, 2020 2,434,291 $ 0.55 |
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) $0.91 to $0.99 4,227,625 $ 0.94 6.11 2,309,334 $ 0.94 3.30 $1.00 to $1.49 3,572,500 1.22 1.92 3,531,250 1.22 1.89 $1.50 to $3.75 2,486,500 1.84 2.95 2,011,750 1.91 2.83 10,286,625 $ 1.25 3.89 7,852,334 $ 1.31 2.54 |
Share-based Payment Arrangement, Cost by Plan [Table Text Block] | Three Months Ended January 31, Six Months Ended January 31, 2020 2019 2020 2019 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 126,150 $ 229,806 $ 233,758 $ 360,610 Amortization of stock option expenses 53,554 30,319 100,525 84,720 179,704 260,125 334,283 445,330 Stock-Based Compensation for Management Common stock issued to management 34,100 35,639 68,807 70,983 Amortization of stock option expenses 162,728 139,900 406,105 356,704 Amortization of RSU & PRSU expenses 135,093 - 270,186 - 331,921 175,539 745,098 427,687 Stock-Based Compensation for Employees Common stock issued to employees 129,997 124,872 258,025 248,695 Amortization of stock option expenses 156,628 186,806 393,419 467,154 286,625 311,678 651,444 715,849 Settlement of share issuance obligation - - (15,189 ) - $ 798,250 $ 747,342 $ 1,715,636 $ 1,588,866 |
Note 13 - Loss Per Share (Table
Note 13 - Loss Per Share (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended January 31, Six Months Ended January 31, 2020 2019 2020 2019 Numerator Net Loss for the Period $ (1,888,661 ) $ (2,349,674 ) $ (6,931,238 ) $ (5,801,100 ) Denominator Basic Weighted Average Number of Shares 182,802,747 177,061,313 182,021,725 171,729,303 Dilutive Stock Options, Warrants, RSUs and PRSUs - - - - Diluted Weighted Average Number of Shares 182,802,747 177,061,313 182,021,725 171,729,303 Net Loss per Share, Basic and Diluted $ (0.01 ) $ (0.01 ) $ (0.04 ) $ (0.03 ) |
Note 14 - Segmented Informati_2
Note 14 - Segmented Information (Tables) | 6 Months Ended |
Jan. 31, 2020 | |
Notes Tables | |
Long-lived Assets by Geographic Areas [Table Text Block] | January 31, 2020 Balance Sheet Items United States Texas Arizona Wyoming Other States Canada Paraguay Total Mineral Rights and Properties $ 12,423,411 $ 4,477,477 $ 31,527,870 $ 117,324 $ 546,938 $ 14,513,585 $ 63,606,605 Property, Plant and Equipment 6,310,027 - 335,078 - 9,169 367,047 7,021,321 Restricted Cash 1,745,773 15,000 73,973 - - - 1,834,746 Equity-Accounted Investment - - - - 10,994,683 - 10,994,683 Other Long-Term Assets 836,369 - 25,000 - 127,343 - 988,712 Total Long-Term Assets $ 21,315,580 $ 4,492,477 $ 31,961,921 $ 117,324 $ 11,678,133 $ 14,880,632 $ 84,446,067 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 |
Operating Results by Geographic Areas [Table Text Block] | Three months ended January 31, 2020 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 891,008 $ 21,600 $ 144,182 $ 16,614 $ - $ 249,919 $ 1,323,323 General and administrative 1,713,121 3,439 20,478 410 634,315 23,031 2,394,794 Depreciation, amortization and accretion 72,437 - 3,720 249 2,465 2,881 81,752 2,676,566 25,039 168,380 17,273 636,780 275,831 3,799,869 Loss from operations (2,676,566 ) (25,039 ) (168,380 ) (17,273 ) (636,780 ) (275,831 ) (3,799,869 ) Other income (expenses) (844,506 ) (4,768 ) 700 - 2,756,714 1,136 1,909,276 Loss before income taxes $ (3,521,072 ) $ (29,807 ) $ (167,680 ) $ (17,273 ) $ 2,119,934 $ (274,695 ) $ (1,890,593 ) Three Months Ended January 31, 2019 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 575,666 $ 22,866 $ 147,418 $ 15,345 $ 135 $ 137,787 $ 899,217 General and administrative 1,508,298 3,482 23,132 1,687 613,571 33,293 2,183,463 Depreciation, amortization and accretion 76,327 - 3,720 249 2,589 1,922 84,807 2,160,291 26,348 174,270 17,281 616,295 173,002 3,167,487 Loss from operations (2,160,291 ) (26,348 ) (174,270 ) (17,281 ) (616,295 ) (173,002 ) (3,167,487 ) Other income (expenses) (775,613 ) (4,768 ) 100 1,578,864 11,242 1,190 811,015 Loss before income taxes $ (2,935,904 ) $ (31,116 ) $ (174,170 ) $ 1,561,583 $ (605,053 ) $ (171,812 ) $ (2,356,472 ) Six Months Ended January 31, 2020 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 2,045,350 $ 46,172 $ 292,225 $ 36,725 $ - $ 426,302 $ 2,846,774 General and administrative 3,413,998 6,828 55,191 1,062 1,188,021 44,864 4,709,964 Depreciation, amortization and accretion 139,933 - 7,437 498 5,054 5,216 158,138 5,599,281 53,000 354,853 38,285 1,193,075 476,382 7,714,876 Loss from operations (5,599,281 ) (53,000 ) (354,853 ) (38,285 ) (1,193,075 ) (476,382 ) (7,714,876 ) Other income (expenses) (1,719,112 ) (9,535 ) 700 - 2,505,298 2,677 780,028 Loss before income taxes $ (7,318,393 ) $ (62,535 ) $ (354,153 ) $ (38,285 ) $ 1,312,223 $ (473,705 ) $ (6,934,848 ) Six Months Ended January 31, 2019 Statement of Operations United States Texas Arizona Wyoming Other States Canada Paraguay Total Costs and Expenses: Mineral property expenditures $ 1,154,488 $ 52,987 $ 295,294 $ 39,220 $ 15,723 $ 207,748 $ 1,765,460 General and administrative 3,070,055 6,871 54,502 1,948 1,225,041 83,981 4,442,398 Depreciation, amortization and accretion 156,412 - 7,439 498 6,487 2,747 173,583 4,380,955 59,858 357,235 41,666 1,247,251 294,476 6,381,441 Loss from operations (4,380,955 ) (59,858 ) (357,235 ) (41,666 ) (1,247,251 ) (294,476 ) (6,381,441 ) Other income (expenses) (1,461,146 ) (9,535 ) 400 1,578,864 457,061 2,731 568,375 Loss before income taxes $ (5,842,101 ) $ (69,393 ) $ (356,835 ) $ 1,537,198 $ (790,190 ) $ (291,745 ) $ (5,813,066 ) |
Note 1 - Nature of Operations (
Note 1 - Nature of Operations (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||||
Jan. 31, 2020 | Jul. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 | Jul. 31, 2016 | Jul. 31, 2014 | |
Revenue from Contract with Customer, Including Assessed Tax | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 |
Cash, Cash Equivalents, and Term Deposits | 10,300 | |||||
Working Capital | $ 9,900 | |||||
Entity Incorporation, Date of Incorporation | May 16, 2003 |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Policies (Details Textual) - USD ($) | Jan. 31, 2020 | Aug. 01, 2019 |
Operating Lease, Liability, Total | $ 696,051 | |
Accounting Standards Update 2016-02 [Member] | ||
Operating Lease, Right-of-Use Asset | $ 876,590 | |
Operating Lease, Liability, Total | 784,355 | |
Accounting Standards Update 2016-02 [Member] | Prepaid Expenses and Other Current Assets [Member] | ||
Operating Lease, Right-of-Use Asset | $ (92,235) |
Note 3 - Mineral Rights and P_3
Note 3 - Mineral Rights and Properties (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | |
Annual Property Maintenance Fees | $ 2,700 | $ 2,700 | ||
Palangana Mine [Member] | ||||
Depletion, Total | $ 0 | $ 0 | $ 0 | $ 0 |
Note 3 - Mineral Rights and P_4
Note 3 - Mineral Rights and Properties - Mineral Rights and Property Acquisition Costs (Details) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
Mineral Properties | $ 67,531,387 | $ 67,451,387 |
Accumulated Depletion | (3,929,884) | (3,929,884) |
63,601,503 | 63,521,503 | |
63,606,605 | 63,536,895 | |
Palangana Mine [Member] | ||
Mineral Properties | 6,027,784 | 6,027,784 |
Goliad Project [Member] | ||
Mineral Properties | 8,689,127 | 8,689,127 |
Burke Hollow Project [Member] | ||
Mineral Properties | 1,495,750 | 1,495,750 |
Longhorn Project [Member] | ||
Mineral Properties | 116,870 | 116,870 |
Salvo Project [Member] | ||
Mineral Properties | 14,905 | 14,905 |
Anderson Project [Member] | ||
Mineral Properties | 3,470,373 | 3,470,373 |
Workman Creek Project [Member] | ||
Mineral Properties | 749,854 | 699,854 |
Los Cuatros Project [Member] | ||
Mineral Properties | 257,250 | 257,250 |
Slick Rock Project [Member] | ||
Mineral Properties | 30,000 | |
Reno Creek Project [Member] | ||
Mineral Properties | 31,527,870 | 31,527,870 |
Diabase Project [Member] | ||
Mineral Properties | 546,938 | 546,938 |
Yuty Project [Member] | ||
Mineral Properties | 11,947,144 | 11,947,144 |
Oviedo Project [Member] | ||
Mineral Properties | 1,133,412 | 1,133,412 |
Alto Parana Titanium Project [Member] | ||
Mineral Properties | 1,433,030 | 1,433,030 |
Other Property Acquisitions [Member] | ||
Mineral Properties | 91,080 | 91,080 |
Mineral Rights, Databases [Member] | ||
Mineral rights, gross | 2,410,038 | 2,410,038 |
Accumulated Amortization | (2,409,686) | (2,409,188) |
352 | 850 | |
Land Use Agreements [Member] | ||
Mineral rights, gross | 48,770 | 404,310 |
Accumulated Amortization | (44,020) | (389,768) |
$ 4,750 | $ 14,542 |
Note 3 - Mineral Rights and P_5
Note 3 - Mineral Rights and Properties - Mineral Property Expenditures (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | |
Mineral Property Expenditures | $ 1,323,323 | $ 899,217 | $ 2,846,774 | $ 1,765,460 |
Palangana Mine [Member] | ||||
Mineral Property Expenditures | 528,699 | 246,592 | 848,726 | 526,624 |
Goliad Project [Member] | ||||
Mineral Property Expenditures | 36,843 | 19,056 | 96,807 | 37,878 |
Burke Hollow Project [Member] | ||||
Mineral Property Expenditures | 220,812 | 166,469 | 869,673 | 275,014 |
Longhorn Project [Member] | ||||
Mineral Property Expenditures | 2,289 | 10,157 | 12,446 | 25,533 |
Salvo Project [Member] | ||||
Mineral Property Expenditures | 6,702 | 6,702 | 13,970 | 13,510 |
Anderson Project [Member] | ||||
Mineral Property Expenditures | 13,433 | 15,056 | 29,486 | 37,270 |
Workman Creek Project [Member] | ||||
Mineral Property Expenditures | 8,168 | 7,673 | 16,365 | 15,364 |
Slick Rock Project [Member] | ||||
Mineral Property Expenditures | 13,271 | 12,206 | 26,405 | 29,430 |
Reno Creek Project [Member] | ||||
Mineral Property Expenditures | 144,181 | 147,418 | 292,224 | 295,294 |
Yuty Project [Member] | ||||
Mineral Property Expenditures | 16,718 | 62,600 | 30,914 | 86,003 |
Oviedo Project [Member] | ||||
Mineral Property Expenditures | 123,117 | 40,758 | 229,055 | 61,483 |
Alto Parana Titanium Project [Member] | ||||
Mineral Property Expenditures | 110,085 | 34,429 | 166,333 | 60,262 |
Other Property Acquisitions [Member] | ||||
Mineral Property Expenditures | $ 99,005 | $ 130,101 | $ 214,370 | $ 301,795 |
Note 4 - Property, Plant and _3
Note 4 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | |
Hobson Processing Facility [Member] | ||||
Depreciation, Total | $ 0 | $ 0 | $ 0 | $ 0 |
Note 4 - Property, Plant and _4
Note 4 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
Cost | $ 12,623,387 | $ 12,693,479 |
Accumulated Depreciation | (5,602,066) | (5,651,120) |
Net Book Value | 7,021,321 | 7,042,359 |
Hobson Processing Facility [Member] | ||
Cost | 6,642,835 | 6,642,835 |
Accumulated Depreciation | (773,933) | (773,933) |
Net Book Value | 5,868,902 | 5,868,902 |
Mining Equipment [Member] | ||
Cost | 2,394,278 | 2,467,557 |
Accumulated Depreciation | (2,334,120) | (2,402,681) |
Net Book Value | 60,158 | 64,876 |
Logging Equipment and Vehicles [Member] | ||
Cost | 1,948,557 | 1,950,229 |
Accumulated Depreciation | (1,734,654) | (1,730,905) |
Net Book Value | 213,903 | 219,324 |
Computer Equipment [Member] | ||
Cost | 577,410 | 572,551 |
Accumulated Depreciation | (554,687) | (546,652) |
Net Book Value | 22,723 | 25,899 |
Furniture and Fixtures [Member] | ||
Cost | 170,701 | 170,701 |
Accumulated Depreciation | (169,663) | (169,379) |
Net Book Value | 1,038 | 1,322 |
Land and Building [Member] | ||
Cost | 889,606 | 889,606 |
Accumulated Depreciation | (35,009) | (27,570) |
Net Book Value | $ 854,597 | $ 862,036 |
Note 5 - Restricted Cash - Rest
Note 5 - Restricted Cash - Restricted Cash (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jan. 31, 2020 | Jul. 31, 2018 | |
Restricted cash, beginning of period | $ 1,821,392 | $ 1,789,899 |
Interest received | 13,354 | 31,493 |
Restricted cash, end of period | $ 1,834,746 | $ 1,821,392 |
Note 5 - Restricted Cash - Cash
Note 5 - Restricted Cash - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 | Jan. 31, 2019 | Jul. 31, 2018 |
Cash and cash equivalents | $ 10,272,315 | $ 6,058,186 | $ 3,990,524 | |
Restricted cash, end of period | 1,834,746 | $ 1,821,392 | 1,804,328 | $ 1,821,392 |
Total cash, cash equivalents and restricted cash | $ 12,107,061 | $ 5,794,852 |
Note 6 - Equity-accounted Inv_3
Note 6 - Equity-accounted Investment (Details Textual) - shares | 3 Months Ended | |
Jan. 31, 2020 | Jul. 31, 2019 | |
Uranium Royalty Corp [Member] | Reno Creek Project [Member] | ||
Profit Interest Royalty, Percent | 0.50% | |
Uranium Royalty Corp [Member] | ||
Equity Method Investment, Shares Owned | 14,000,000 | |
Sale of Stock, Number of Shares Issued in Transaction | 20,000,000 | |
Equity Method Investment, Ownership Percentage | 19.50% | 32.60% |
Note 6 - Equity-accounted Inv_4
Note 6 - Equity-accounted Investment - Change in Carrying Value of the Investment (Details) | 6 Months Ended |
Jan. 31, 2020USD ($) | |
Balance | $ 8,680,449 |
Share of loss from URC | (692,880) |
Gain on ownership interest dilution | 3,056,656 |
Translation loss | (49,542) |
Balance | $ 10,994,683 |
Note 7 - Other Long-term Asse_2
Note 7 - Other Long-term Assets (Details Textual) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
Other Assets, Noncurrent, Total | $ 988,712 | $ 249,214 |
Other Noncurrent Assets [Member] | ||
Operating Lease, Right-of-Use Asset | 770,645 | |
Prepaid Expense, Noncurrent, Total | $ 218,067 | $ 249,214 |
Note 8 - Related Party Transa_2
Note 8 - Related Party Transactions (Details Textual) - Blender Media Inc [Member] - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | Jul. 31, 2019 | |
Due to Related Parties, Total | $ 32,306 | $ 32,306 | $ 68,680 | ||
General and Administrative Expense [Member] | |||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 35,657 | $ 40,017 | $ 68,490 | $ 77,721 |
Note 9 - Long-term Debt (Detail
Note 9 - Long-term Debt (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | Oct. 31, 2019 | Jul. 31, 2019 | |
Amortization of Debt Discount (Premium) | $ 412,580 | $ 358,349 | $ 844,801 | $ 666,120 | ||
Stock Issued During Period, Shares, Credit Facility | 1,743,462 | |||||
Stock Issued During Period, Value ,Credit Facility | $ 1,400,000 | $ 1,400,000 | ||||
Percentage of Outstanding Principal of Anniversary Fee | 7.00% | |||||
Long-term Debt, Gross | $ 20,000,000 | $ 20,000,000 | $ 20,000,000 | |||
Credit Agreement [Member] | ||||||
Long-term Debt, Gross | $ 20,000,000 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | 8.00% | ||||
Debt Instrument, Interest Rate, Effective Percentage | 16.67% | 16.67% |
Note 9 - Long-term Debt - Long-
Note 9 - Long-term Debt - Long-term Debt (Details) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
Long-term Debt, Gross | $ 20,000,000 | $ 20,000,000 |
Unamortized discount and accrued fees | (955,236) | (400,037) |
Long-term debt, net of unamortized discount | $ 19,044,764 | $ 19,599,963 |
Note 9 - Long-term Debt - Yearl
Note 9 - Long-term Debt - Yearly Maturities of Long-term Debt (Details) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
Fiscal 2020 | ||
Fiscal 2021 | ||
Fiscal 2022 | 20,000,000 | |
Total | $ 20,000,000 | $ 20,000,000 |
Note 10 - Asset Retirement Ob_3
Note 10 - Asset Retirement Obligations - Change in Asset Retirement Obligation (Details) | 6 Months Ended |
Jan. 31, 2020USD ($) | |
Balance | $ 3,541,082 |
Accretion | 96,616 |
Balance | $ 3,637,698 |
Note 10 - Asset Retirement Ob_4
Note 10 - Asset Retirement Obligations - Estimated Amounts and Timing of Cash Flows and Assumptions Used for ARO Estimates (Details) | Jan. 31, 2020USD ($)yr | Jul. 31, 2019USD ($)yr |
Undiscounted amount of estimated cash flows | $ | $ 8,221,018 | $ 8,221,018 |
Measurement Input, Expected Term [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input (Year) | 9 | 9 |
Measurement Input, Expected Term [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input (Year) | 21 | 21 |
Measurement Input, Inflation Rate [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input (Year) | 0.0156 | 0.0156 |
Measurement Input, Inflation Rate [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input (Year) | 0.0217 | 0.0217 |
Measurement Input, Discount Rate [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input (Year) | 0.055 | 0.055 |
Measurement Input, Discount Rate [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input (Year) | 0.0596 | 0.0596 |
Note 10 - Asset Retirement Ob_5
Note 10 - Asset Retirement Obligations - Undiscounted Amounts of Estimated Cash Flows for the Next Five Fiscal Years and Beyond (Details) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 |
Fiscal 2021 | ||
Fiscal 2022 | ||
Fiscal 2023 | ||
Fiscal 2024 | ||
Fiscal 2025 | ||
Remaining balance | 8,221,018 | |
$ 8,221,018 | $ 8,221,018 |
Note 11 - Lease Liabilities (De
Note 11 - Lease Liabilities (Details Textual) | 6 Months Ended |
Jan. 31, 2020USD ($) | |
Operating Lease, Weighted Average Remaining Lease Term | 14 years 36 days |
Operating Lease, Weighted Average Discount Rate, Percent | 4.70% |
Operating Lease, Payments | $ 100,450 |
Minimum [Member] | |
Operating Lease, Remaining Lease Term | 1 year 73 days |
Maximum [Member] | |
Operating Lease, Remaining Lease Term | 19 years 109 days |
Note 11 - Lease Liabilities - L
Note 11 - Lease Liabilities - Lease Expenses (Details) - USD ($) | 3 Months Ended | 6 Months Ended |
Jan. 31, 2020 | Jan. 31, 2020 | |
Operating leases | $ 59,309 | $ 118,939 |
Short-term leases | 23,516 | 397,029 |
Total Lease Expenses | $ 82,825 | $ 515,968 |
Note 11 - Lease Liabilities - M
Note 11 - Lease Liabilities - Minimum Future Lease Payments (Details) | Jan. 31, 2020USD ($) |
Fiscal 2020 | $ 120,382 |
Fiscal 2021 | 175,382 |
Fiscal 2022 | 220,000 |
Fiscal 2023 | 20,000 |
Fiscal 2024 | 20,000 |
Thereafter | 320,000 |
Total lease payments | 875,764 |
Less: imputed interest | (179,713) |
Present value of lease liabilities | 696,051 |
Currrent portion of lease liabilities | 189,974 |
Non-curent portion of lease liabilities | $ 506,077 |
Note 12 - Capital Stock (Detail
Note 12 - Capital Stock (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jan. 31, 2020 | Oct. 31, 2019 | Jan. 31, 2019 | Oct. 31, 2018 | Jan. 31, 2020 | Jan. 31, 2019 | Jul. 31, 2019 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 701,836 | $ 701,836 | |||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 361 days | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | 0 | $ 0 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | 0 | 0 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Unvested in Period, Intrinsic Value | 0 | 0 | |||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | 234,792 | $ 223,362 | $ 290,238 | $ 239,255 | |||
Share Issuance Obligation Amount | $ 187,100 | ||||||
The 2019 Stock Incentive Plan [Member] | |||||||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total | 188,914 | ||||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 171,911 | ||||||
Share Issuance Obligation Amount | 187,100 | 187,100 | |||||
Share Bonuses, Change in Fair Value | $ 15,189 | ||||||
Share-based Payment Arrangement, Option [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 2 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 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 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% | ||||||
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 Payment Arrangement, Tranche Two [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 12.50% | ||||||
Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | 304,220 | $ 304,220 | |||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 2 years 182 days | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 465,000 | ||||||
Share-based Payment Arrangement, Expense | $ 66,928 | 0 | $ 133,856 | $ 0 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 465,000 | 465,000 | 465,000 | ||||
Performance-based Restriced Stock Units [Member] | |||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 375,682 | $ 375,682 | |||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 2 years 182 days | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 445,000 | ||||||
Share-based Payment Arrangement, Expense | $ 68,165 | $ 0 | $ 136,330 | $ 0 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 445,000 | 445,000 | 445,000 |
Note 12 - Capital Stock - Warra
Note 12 - Capital Stock - Warrants Outstanding and Exercisable (Details) - $ / shares | 6 Months Ended | |
Jan. 31, 2020 | Jul. 31, 2019 | |
Weighted Average Exercise Price (in dollars per share) | $ 2.03 | $ 1.94 |
Number of Warrants Outstanding (in shares) | 7,721,981 | 19,443,910 |
Weighted Average Remaining Contractual Life (Year) | 1 year 83 days | |
Warrants 1 [Member] | ||
Weighted Average Exercise Price (in dollars per share) | $ 1.25 | |
Number of Warrants Outstanding (in shares) | 150,000 | |
Weighted Average Remaining Contractual Life (Year) | 328 days | |
Expiry Date | Dec. 23, 2020 | |
Warrants 2 [Member] | ||
Weighted Average Exercise Price (in dollars per share) | $ 1.50 | |
Number of Warrants Outstanding (in shares) | 150,000 | |
Weighted Average Remaining Contractual Life (Year) | 328 days | |
Expiry Date | Dec. 23, 2020 | |
Warrants 3 [Member] | ||
Weighted Average Exercise Price (in dollars per share) | $ 2.05 | |
Number of Warrants Outstanding (in shares) | 7,063,253 | |
Weighted Average Remaining Contractual Life (Year) | 1 year 62 days | |
Expiry Date | Apr. 3, 2021 | |
Warrants 4 [Member] | ||
Weighted Average Exercise Price (in dollars per share) | $ 2.30 | |
Number of Warrants Outstanding (in shares) | 308,728 | |
Weighted Average Remaining Contractual Life (Year) | 2 years 189 days | |
Expiry Date | Aug. 9, 2022 | |
Warrants 5 [Member] | ||
Weighted Average Exercise Price (in dollars per share) | $ 1.64 | |
Number of Warrants Outstanding (in shares) | 50,000 | |
Weighted Average Remaining Contractual Life (Year) | 3 years 109 days | |
Expiry Date | May 21, 2023 |
Note 12 - Capital Stock - Conti
Note 12 - Capital Stock - Continuity Schedule of Outstanding Share Purchase Warrants (Details) | 6 Months Ended |
Jan. 31, 2020$ / sharesshares | |
Balance, Number of Warrants (in shares) | shares | 19,443,910 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ / shares | $ 1.94 |
Issued, Number of Warrants (in shares) | shares | 300,000 |
Issued, Weighted Average Exercise Price (in dollars per share) | $ / shares | $ 1.38 |
Expired, Number of Warrants (in shares) | shares | (12,021,929) |
Expired, Weighted Average Exercise Price (in dollars per share) | $ / shares | $ 1.87 |
Balance, Number of Warrants (in shares) | shares | 7,721,981 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ / shares | $ 2.03 |
Note 12 - Capital Stock - Summa
Note 12 - Capital Stock - Summary of Stock Options Assumptions (Details) - USD ($) | Aug. 07, 2019 | Oct. 31, 2019 |
Options Granted (in shares) | 597,650 | 597,650 |
Exercise Price (in dollars per share) | $ 0.91 | $ 0.91 |
Term (Year) | 10 years | |
Fair Value | $ 303,160 | |
Expected Life (Year) | 5 years | |
Risk-Free Interest Rate | 1.51% | |
Dividend Yield | 0.00% | |
Expected Volatility | 66.10% |
Note 12 - Capital Stock - Sched
Note 12 - Capital Stock - Schedule of Outstanding Stock Options (Details) - $ / shares | Aug. 07, 2019 | Jan. 31, 2020 | Oct. 31, 2019 |
Balance, number of stock options (in shares) | 10,346,000 | 15,738,350 | |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.25 | $ 1.30 | |
Granted (in shares) | 597,650 | 597,650 | |
Granted, Weighted Average Exercise Price (in dollars per share) | $ 0.91 | $ 0.91 | |
Expired, number of stock options (in shares) | (37,500) | (5,990,000) | |
Expired, Weighted Average Exercise Price (in dollars per share) | $ 1.20 | $ 1.34 | |
Forfeited, number of stock options (in shares) | (21,875) | ||
Forfeited, Weighted Average Exercise Price (in dollars per share) | $ 1.19 | ||
Balance, number of stock options (in shares) | 10,286,625 | 10,346,000 | |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.25 | $ 1.25 |
Note 12 - Capital Stock - Sch_2
Note 12 - Capital Stock - Schedule of Outstanding Unvested Stock Options (Details) - $ / shares | Aug. 07, 2019 | Jan. 31, 2020 | Oct. 31, 2019 |
Nonvested balance (in shares) | 3,262,700 | 3,310,600 | |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.57 | $ 0.59 | |
Granted (in shares) | 597,650 | 597,650 | |
Granted, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.51 | ||
Vested (in shares) | (806,534) | (645,550) | |
Vested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.62 | $ 0.61 | |
Forfeited (in shares) | (21,875) | ||
Forfeited (in dollars per share) | $ 0.59 | ||
Nonvested balance (in shares) | 2,434,291 | 3,262,700 | |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.55 | $ 0.57 |
Note 12 - Capital Stock - Sum_2
Note 12 - Capital Stock - Summary of Stock Options Outstanding and Exercisable (Details) - $ / shares | 6 Months Ended | ||
Jan. 31, 2020 | Oct. 31, 2019 | Jul. 31, 2019 | |
Options Outstanding Outstanding (in shares) | 10,286,625 | 10,346,000 | 15,738,350 |
Options Outstanding Weighted Average Exercise Price (in dollars per share) | $ 1.25 | $ 1.25 | $ 1.30 |
Options Outstanding Weighted Average Remaining Contractual Term (Year) | 3 years 324 days | ||
Options Exercisable (in shares) | 7,852,334 | ||
Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ 1.31 | ||
Options Exercisable Weighted Average Remaining Contractual Term (Year) | 2 years 197 days | ||
Exercise Price Range 1 [Member] | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 0.91 | ||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 0.99 | ||
Options Outstanding Outstanding (in shares) | 4,227,625 | ||
Options Outstanding Weighted Average Exercise Price (in dollars per share) | $ 0.94 | ||
Options Outstanding Weighted Average Remaining Contractual Term (Year) | 6 years 40 days | ||
Options Exercisable (in shares) | 2,309,334 | ||
Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ 0.94 | ||
Options Exercisable Weighted Average Remaining Contractual Term (Year) | 3 years 109 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 Outstanding (in shares) | 3,572,500 | ||
Options Outstanding Weighted Average Exercise Price (in dollars per share) | $ 1.22 | ||
Options Outstanding Weighted Average Remaining Contractual Term (Year) | 1 year 335 days | ||
Options Exercisable (in shares) | 3,531,250 | ||
Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ 1.22 | ||
Options Exercisable Weighted Average Remaining Contractual Term (Year) | 1 year 324 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 Outstanding (in shares) | 2,486,500 | ||
Options Outstanding Weighted Average Exercise Price (in dollars per share) | $ 1.84 | ||
Options Outstanding Weighted Average Remaining Contractual Term (Year) | 2 years 346 days | ||
Options Exercisable (in shares) | 2,011,750 | ||
Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ 1.91 | ||
Options Exercisable Weighted Average Remaining Contractual Term (Year) | 2 years 302 days |
Note 12 - Capital Stock - Sum_3
Note 12 - Capital Stock - Summary of Stock-based Compensation Expense (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jan. 31, 2020 | Oct. 31, 2019 | Jan. 31, 2019 | Oct. 31, 2018 | Jan. 31, 2020 | Jan. 31, 2019 | |
$ 798,250 | $ 747,342 | $ 1,715,636 | $ 1,588,866 | |||
Common stock issued | 234,792 | $ 223,362 | 290,238 | $ 239,255 | ||
Settlement of share issuance obligation | (15,189) | |||||
Consultants [Member] | ||||||
Common stock issued for consulting services | 126,150 | 229,806 | 233,758 | 360,610 | ||
Amortization of stock option expenses | 53,554 | 30,319 | 100,525 | 84,720 | ||
179,704 | 260,125 | 334,283 | 445,330 | |||
Management [Member] | ||||||
Amortization of stock option expenses | 162,728 | 139,900 | 406,105 | 356,704 | ||
331,921 | 175,539 | 745,098 | 427,687 | |||
Common stock issued | 34,100 | 35,639 | 68,807 | 70,983 | ||
Amortization of RSU & PRSU expenses | 135,093 | 270,186 | ||||
Employees [Member] | ||||||
Amortization of stock option expenses | 156,628 | 186,806 | 393,419 | 467,154 | ||
286,625 | 311,678 | 651,444 | 715,849 | |||
Common stock issued | $ 129,997 | $ 124,872 | $ 258,025 | $ 248,695 |
Note 13 - Loss Per Share - Weig
Note 13 - Loss Per Share - Weighted Average Number of Shares Used in the Calculation of the Basic and Diluted Loss Per Share (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jan. 31, 2020 | Oct. 31, 2019 | Jan. 31, 2019 | Oct. 31, 2018 | Jan. 31, 2020 | Jan. 31, 2019 | |
Net loss for the period | $ (1,888,661) | $ (5,042,577) | $ (2,349,674) | $ (3,451,426) | $ (6,931,238) | $ (5,801,100) |
Basic Weighted Average Number of Shares (in shares) | 182,802,747 | 177,061,313 | 182,021,725 | 171,729,303 | ||
Dilutive Stock Options, Warrants, RSUs and PRSUs (in shares) | ||||||
Diluted Weighted Average Number of Shares (in shares) | 182,802,747 | 177,061,313 | 182,021,725 | 171,729,303 | ||
NET LOSS PER SHARE, BASIC AND DILUTED (in dollars per share) | $ (0.01) | $ (0.01) | $ (0.04) | $ (0.03) |
Note 14 - Segmented Informati_3
Note 14 - Segmented Information (Details Textual) | 6 Months Ended | |
Jan. 31, 2020USD ($) | Jul. 31, 2019USD ($) | |
Number of Reportable Segments | 1 | |
Long-Lived Assets | $ 84,446,067 | $ 81,330,309 |
UNITED STATES | ||
Long-Lived Assets | $ 57,887,302 | |
Percentage of Long Term Assets | 69.00% |
Note 14 - Segmented Informati_4
Note 14 - Segmented Information - Long-term Assets by Geographic Segments (Details) - USD ($) | Jan. 31, 2020 | Jul. 31, 2019 | Jan. 31, 2019 | Jul. 31, 2018 | Jul. 31, 2017 |
Mineral Rights and Properties | $ 63,606,605 | $ 63,536,895 | |||
Property, Plant and Equipment | 7,021,321 | 7,042,359 | |||
Restricted Cash | 1,834,746 | 1,821,392 | $ 1,804,328 | $ 1,821,392 | $ 1,789,899 |
Equity-Accounted Investment | 10,994,683 | 8,680,449 | |||
Other Long-Term Assets | 988,712 | 249,214 | |||
Total Long-Term Assets | 84,446,067 | 81,330,309 | |||
United States Texas [Member] | |||||
Mineral Rights and Properties | 12,423,411 | 12,433,203 | |||
Property, Plant and Equipment | 6,310,027 | 6,333,950 | |||
Restricted Cash | 1,745,773 | 1,732,419 | |||
Equity-Accounted Investment | |||||
Other Long-Term Assets | 836,369 | 221,214 | |||
Total Long-Term Assets | 21,315,580 | 20,720,786 | |||
United States Arizona [Member] | |||||
Mineral Rights and Properties | 4,477,477 | 4,427,477 | |||
Property, Plant and Equipment | |||||
Restricted Cash | 15,000 | 15,000 | |||
Equity-Accounted Investment | |||||
Other Long-Term Assets | |||||
Total Long-Term Assets | 4,492,477 | 4,442,477 | |||
United States Wyoming [Member] | |||||
Mineral Rights and Properties | 31,527,870 | 31,527,870 | |||
Property, Plant and Equipment | 335,078 | 342,515 | |||
Restricted Cash | 73,973 | 73,973 | |||
Equity-Accounted Investment | |||||
Other Long-Term Assets | 25,000 | 28,000 | |||
Total Long-Term Assets | 31,961,921 | 31,972,358 | |||
United States Other States [Member] | |||||
Mineral Rights and Properties | 117,324 | 87,822 | |||
Property, Plant and Equipment | |||||
Restricted Cash | |||||
Equity-Accounted Investment | |||||
Other Long-Term Assets | |||||
Total Long-Term Assets | 117,324 | 87,822 | |||
CANADA | |||||
Mineral Rights and Properties | 546,938 | 546,938 | |||
Property, Plant and Equipment | 9,169 | 14,223 | |||
Restricted Cash | |||||
Equity-Accounted Investment | 10,994,683 | 8,680,449 | |||
Other Long-Term Assets | 127,343 | ||||
Total Long-Term Assets | 11,678,133 | 9,241,610 | |||
PARAGUAY | |||||
Mineral Rights and Properties | 14,513,585 | 14,513,585 | |||
Property, Plant and Equipment | 367,047 | 351,671 | |||
Restricted Cash | |||||
Equity-Accounted Investment | |||||
Other Long-Term Assets | |||||
Total Long-Term Assets | $ 14,880,632 | $ 14,865,256 |
Note 14 - Segmented Informati_5
Note 14 - Segmented Information - Operating Results by Geographic Segments (Details) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2020 | Jan. 31, 2019 | Jan. 31, 2020 | Jan. 31, 2019 | |
Mineral Property Expenditures | $ 1,323,323 | $ 899,217 | $ 2,846,774 | $ 1,765,460 |
General and administrative | 2,394,794 | 2,183,463 | 4,709,964 | 4,442,398 |
Depreciation, amortization and accretion | 81,752 | 84,807 | 158,138 | 173,583 |
3,799,869 | 3,167,487 | 7,714,876 | 6,381,441 | |
Loss from operations | (3,799,869) | (3,167,487) | (7,714,876) | (6,381,441) |
Other income (expenses) | 1,909,276 | 811,015 | 780,028 | 568,375 |
Loss before income taxes | (1,890,593) | (2,356,472) | (6,934,848) | (5,813,066) |
United States Texas [Member] | ||||
Mineral Property Expenditures | 891,008 | 575,666 | 2,045,350 | 1,154,488 |
General and administrative | 1,713,121 | 1,508,298 | 3,413,998 | 3,070,055 |
Depreciation, amortization and accretion | 72,437 | 76,327 | 139,933 | 156,412 |
2,676,566 | 2,160,291 | 5,599,281 | 4,380,955 | |
Loss from operations | (2,676,566) | (2,160,291) | (5,599,281) | (4,380,955) |
Other income (expenses) | (844,506) | (775,613) | (1,719,112) | (1,461,146) |
Loss before income taxes | (3,521,072) | (2,935,904) | (7,318,393) | (5,842,101) |
United States Arizona [Member] | ||||
Mineral Property Expenditures | 21,600 | 22,866 | 46,172 | 52,987 |
General and administrative | 3,439 | 3,482 | 6,828 | 6,871 |
Depreciation, amortization and accretion | ||||
25,039 | 26,348 | 53,000 | 59,858 | |
Loss from operations | (25,039) | (26,348) | (53,000) | (59,858) |
Other income (expenses) | (4,768) | (4,768) | (9,535) | (9,535) |
Loss before income taxes | (29,807) | (31,116) | (62,535) | (69,393) |
United States Wyoming [Member] | ||||
Mineral Property Expenditures | 144,182 | 147,418 | 292,225 | 295,294 |
General and administrative | 20,478 | 23,132 | 55,191 | 54,502 |
Depreciation, amortization and accretion | 3,720 | 3,720 | 7,437 | 7,439 |
168,380 | 174,270 | 354,853 | 357,235 | |
Loss from operations | (168,380) | (174,270) | (354,853) | (357,235) |
Other income (expenses) | 700 | 100 | 700 | 400 |
Loss before income taxes | (167,680) | (174,170) | (354,153) | (356,835) |
United States Other States [Member] | ||||
Mineral Property Expenditures | 16,614 | 15,345 | 36,725 | 39,220 |
General and administrative | 410 | 1,687 | 1,062 | 1,948 |
Depreciation, amortization and accretion | 249 | 249 | 498 | 498 |
17,273 | 17,281 | 38,285 | 41,666 | |
Loss from operations | (17,273) | (17,281) | (38,285) | (41,666) |
Other income (expenses) | 1,578,864 | 1,578,864 | ||
Loss before income taxes | (17,273) | 1,561,583 | (38,285) | 1,537,198 |
CANADA | ||||
Mineral Property Expenditures | 135 | 15,723 | ||
General and administrative | 634,315 | 613,571 | 1,188,021 | 1,225,041 |
Depreciation, amortization and accretion | 2,465 | 2,589 | 5,054 | 6,487 |
636,780 | 616,295 | 1,193,075 | 1,247,251 | |
Loss from operations | (636,780) | (616,295) | (1,193,075) | (1,247,251) |
Other income (expenses) | 2,756,714 | 11,242 | 2,505,298 | 457,061 |
Loss before income taxes | 2,119,934 | (605,053) | 1,312,223 | (790,190) |
PARAGUAY | ||||
Mineral Property Expenditures | 249,919 | 137,787 | 426,302 | 207,748 |
General and administrative | 23,031 | 33,293 | 44,864 | 83,981 |
Depreciation, amortization and accretion | 2,881 | 1,922 | 5,216 | 2,747 |
275,831 | 173,002 | 476,382 | 294,476 | |
Loss from operations | (275,831) | (173,002) | (476,382) | (294,476) |
Other income (expenses) | 1,136 | 1,190 | 2,677 | 2,731 |
Loss before income taxes | $ (274,695) | $ (171,812) | $ (473,705) | $ (291,745) |
Note 15 - Supplemental Cash F_2
Note 15 - Supplemental Cash Flow Information (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||||
Jan. 31, 2020 | Oct. 31, 2019 | Jan. 31, 2019 | Oct. 31, 2018 | Jan. 31, 2020 | Jan. 31, 2019 | |
Stock Issued During Period, Shares, Issued for Services | 342,368 | 129,706 | ||||
Stock Issued During Period, Value, Issued for Services | $ 309,749 | $ 178,454 | ||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 234,792 | $ 223,362 | $ 290,238 | $ 239,255 | ||
Stock Issued During Period, Shares, Credit Facility | 1,743,462 | |||||
Stock Issued During Period, Value ,Credit Facility | $ 1,400,000 | $ 1,400,000 | ||||
Interest Paid, Excluding Capitalized Interest, Operating Activities | $ 817,778 | $ 817,778 | ||||
Certain Management, Employees and Consultants of the Company [Member] | ||||||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture, Total | 691,544 | 364,702 | ||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture, Total | $ 645,254 | $ 529,492 |
Note 16 - Commitments and Con_2
Note 16 - Commitments and Contingencies (Details Textual) | 6 Months Ended |
Jan. 31, 2020USD ($) | |
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 704,000 |