Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Jul. 31, 2022 | Sep. 27, 2022 | Jan. 31, 2022 | |
Document Information [Line Items] | |||
Entity Central Index Key | 0001334933 | ||
Entity Registrant Name | URANIUM ENERGY CORP | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --07-31 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2022 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Jul. 31, 2022 | ||
Document Transition Report | false | ||
Entity File Number | 001-33706 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Tax Identification Number | 98-0399476 | ||
Entity Address, Address Line One | 1030 West Georgia Street, Suite 1830 | ||
Entity Address, City or Town | Vancouver | ||
Entity Address, State or Province | BC | ||
Entity Address, Country | CA | ||
Entity Address, Postal Zip Code | V6E 2Y3 | ||
City Area Code | 604 | ||
Local Phone Number | 682-9775 | ||
Title of 12(b) Security | Common Stock | ||
Trading Symbol | UEC | ||
Security Exchange Name | NYSE | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Entity Shell Company | false | ||
Entity Public Float | $ 725,158,707 | ||
Entity Common Stock, Shares Outstanding | 345,766,062 | ||
Auditor Firm ID | 271 | ||
Auditor Name | PricewaterhouseCoopers LLP | ||
Auditor Location | Vancouver, Canada |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jul. 31, 2022 | Jul. 31, 2021 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 32,536 | $ 44,313 |
Inventories | 66,570 | 29,172 |
Prepaid expenses and deposits | 2,871 | 1,434 |
Other current assets | 214 | 126 |
TOTAL CURRENT ASSETS | 102,191 | 75,045 |
MINERAL RIGHTS AND PROPERTIES | 181,948 | 63,784 |
PROPERTY, PLANT AND EQUIPMENT | 20,234 | 7,358 |
RESTRICTED CASH | 7,251 | 2,038 |
EQUITY-ACCOUNTED INVESTMENT | 24,177 | 20,730 |
INVESTMENT IN EQUITY SECURITIES | 14,834 | 0 |
OTHER NON-CURRENT ASSETS | 3,612 | 586 |
TOTAL ASSETS | 354,247 | 169,541 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 8,162 | 2,764 |
Other current liabilities | 336 | 430 |
Current portion of long-term debt | 0 | 10,075 |
TOTAL CURRENT LIABILITIES | 8,498 | 13,269 |
ASSET RETIREMENT OBLIGATIONS | 17,276 | 3,939 |
OTHER NON-CURRENT LIABILITIES | 1,028 | 337 |
DEFERRED TAX LIABILITIES | 536 | 541 |
TOTAL LIABILITIES | 27,338 | 18,086 |
STOCKHOLDERS' EQUITY | ||
Common stock $0.001 par value: 750,000,000 shares authorized, 289,638,307 shares issued and outstanding (July 31, 2021 - 236,796,866) | 289 | 237 |
Additional paid-in capital | 613,179 | 441,990 |
Share issuance obligation | 0 | 360 |
Accumulated deficit | (286,373) | (291,625) |
Accumulated other comprehensive income | (186) | 493 |
TOTAL EQUITY | 326,909 | 151,455 |
TOTAL LIABILITIES AND EQUITY | $ 354,247 | $ 169,541 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Jul. 31, 2022 | Jul. 31, 2021 |
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) | 289,638,307 | 236,796,866 |
Common stock, shares outstanding (in shares) | 289,638,307 | 236,796,866 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
SALES AND SERVICE REVENUE | $ 23,161 | $ 0 | $ 0 |
COST OF SALES AND SERVICES | (15,868) | 0 | 0 |
GROSS PROFIT | 7,293 | 0 | 0 |
OPERATING COSTS | |||
Mineral property expenditures | 10,154 | 4,479 | 4,582 |
General and administrative | 15,026 | 12,640 | 9,442 |
Acquisition-related costs | 3,444 | 0 | 0 |
Depreciation, amortization and accretion | 1,379 | 393 | 310 |
TOTAL OPERATING COSTS | 30,003 | 17,512 | 14,334 |
LOSS FROM OPERATIONS | (22,710) | (17,512) | (14,334) |
OTHER INCOME (EXPENSES) | |||
Interest expenses and finance costs | (1,519) | (2,880) | (3,462) |
Income from equity-accounted investment | 4,126 | 5,205 | 2,968 |
Debt receivable recovery | 18,342 | 0 | 0 |
Gain on settlement of debt receivable | 1,780 | 0 | 0 |
Gain (loss) on disposition of assets | 6,427 | (2) | 2 |
Unrealized loss on equity securities | (1,898) | 0 | 0 |
Realized gain on equity securities | 547 | 0 | 0 |
Other income | 152 | 372 | 210 |
OTHER INCOME (EXPENSES) | 27,957 | 2,695 | (282) |
INCOME (LOSS) BEFORE INCOME TAXES | 5,247 | (14,817) | (14,616) |
DEFERRED TAX BENEFIT | 5 | 4 | 6 |
NET INCOME (LOSS) FOR THE YEAR | 5,252 | (14,813) | (14,610) |
OTHER COMPREHENSIVE (LOSS) INCOME | |||
Translation (loss) gain | (679) | 613 | (133) |
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME | (679) | 613 | (133) |
TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | $ 4,573 | $ (14,200) | $ (14,743) |
NET INCOME (LOSS) PER SHARE | |||
Net Income (Loss) Per Share - Basic (in dollars per share) | $ 0.02 | $ (0.07) | $ (0.08) |
Net Income (Loss) Per Share - Diluted (in dollars per share) | $ 0.02 | $ (0.07) | $ (0.08) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, | |||
Basic Weighted Average Number of Shares (in shares) | 271,019,472 | 210,295,992 | 183,041,766 |
Diluted (in shares) | 280,102,073 | 210,295,992 | 183,041,766 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
OPERATING ACTIVITIES | |||
Net income (loss) for the year | $ 5,252 | $ (14,813) | $ (14,610) |
Adjustments to reconcile net loss to cash flows in operating activities | |||
Stock-based compensation | 4,681 | 5,471 | 3,493 |
Depreciation, amortization and accretion | 1,379 | 393 | 310 |
Amortization of long-term debt discount | 525 | 1,376 | 1,670 |
Income from equity-accounted investment | (4,126) | (5,205) | (2,968) |
Debt receivable recovery | (18,342) | 0 | 0 |
Gain on settlement of debt receivable | (1,780) | 0 | 0 |
(Gain) loss on disposition of assets | (6,427) | 2 | (2) |
Unrealized loss on equity securities | 1,898 | 0 | 0 |
Realized gain on equity security | (547) | 0 | 0 |
Gain on loan extinguishment | 0 | (286) | 0 |
Deferred tax benefits | (5) | (4) | (6) |
Changes in operating assets and liabilities | |||
Inventories | (37,206) | (28,961) | 0 |
Prepaid expenses and deposits | (1,398) | (113) | 454 |
Other current assets | 17 | (6) | 146 |
Accounts payable and accrued liabilities | 3,262 | 669 | (1,281) |
Other liabilities | (170) | 7 | (76) |
NET CASH USED IN OPERATING ACTIVITIES | (52,987) | (41,470) | (12,870) |
FINANCING ACTIVITIES | |||
Proceeds from share issuances, net of issuance costs | 168,014 | 95,436 | 0 |
Repayments of long-term debt | (10,000) | (10,000) | 0 |
Repayments of other loans | (191) | (145) | 0 |
Proceeds from government loans | 0 | 0 | 307 |
Cash paid for withholding amounts on RSU and PRSU shares | (557) | (833) | 0 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 157,266 | 84,458 | 307 |
INVESTING ACTIVITIES | |||
Net cash used in U1A Acquisition | (113,588) | 0 | 0 |
Investment in mineral rights and properties | (590) | (80) | (80) |
Purchase of property, plant and equipment | (620) | (148) | (84) |
Purchase of additional interest in equity-accounted investment | 0 | (3,397) | 0 |
Investment in term deposits | 0 | (10,000) | 0 |
Investment in equity securities | (15,215) | 0 | 0 |
Proceeds from redemption of term deposits | 0 | 10,000 | 11,832 |
Proceeds from debt receivable recovery | 9,171 | 0 | 0 |
Proceeds from sale of equity security | 9,980 | 0 | 0 |
Proceeds from disposition of assets | 19 | 0 | 3 |
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | (110,843) | (3,625) | 11,671 |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (6,564) | 39,363 | (892) |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR | 46,351 | 6,988 | 7,880 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR | $ 39,787 | $ 46,351 | $ 6,988 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Direct Offering [Member] Common Stock [Member] | Direct Offering [Member] Additional Paid-in Capital [Member] | Direct Offering [Member] Share Issuance Obligation [Member] | Direct Offering [Member] Retained Earnings [Member] | Direct Offering [Member] AOCI Attributable to Parent [Member] | Direct Offering [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, 2019 | 180,896,431 | |||||||||||
Balance at Jul. 31, 2019 | $ 181 | $ 336,048 | $ 187 | $ (262,202) | $ 13 | $ 74,227 | ||||||
Issued as anniversary fees for credit facility (in shares) | 1,743,462 | |||||||||||
Issued as anniversary fees for credit facility | $ 2 | 1,398 | 0 | 0 | 0 | 1,400 | ||||||
Issued upon vesting of RSUs and PRSUs (in shares) | 105,844 | |||||||||||
Issued upon vesting of RSUs and PRSUs | $ 0 | (154) | 104 | 0 | 0 | $ (50) | ||||||
Issued upon exercise of stock options (in shares) | 0 | |||||||||||
Common stock issued for consulting services (in shares) | 380,933 | |||||||||||
Common stock issued for consulting services | $ 0 | 351 | 0 | $ 351 | ||||||||
Common stock issued under Stock Incentive Plan (in shares) | 1,509,200 | |||||||||||
Common stock issued under Stock Incentive Plan | $ 2 | 1,308 | (187) | 1,123 | ||||||||
Amortization of stock-based compensation | 2,085 | 2,085 | ||||||||||
Net income (loss) for the year | 0 | 0 | 0 | (14,610) | 0 | (14,610) | ||||||
Other comprehensive income (loss) | 0 | 0 | 0 | 0 | (133) | (133) | ||||||
Issued for consulting services | $ 0 | 23 | 0 | 0 | 0 | 23 | ||||||
Balance (in shares) at Jul. 31, 2020 | 184,635,870 | |||||||||||
Balance at Jul. 31, 2020 | $ 185 | 341,059 | 104 | (276,812) | (120) | 64,416 | ||||||
Issued as anniversary fees for credit facility (in shares) | 1,249,039 | |||||||||||
Issued as anniversary fees for credit facility | $ 1 | 1,169 | 0 | 0 | 0 | 1,170 | ||||||
Issued under ATM offering, net of issuance costs (in shares) | 26,136,364 | 15,934,606 | ||||||||||
Issued under ATM offering, net of issuance costs | $ 26 | $ 52,515 | $ 0 | $ 0 | $ 0 | $ 52,541 | $ 16 | 35,219 | 35,235 | |||
Issued upon vesting of RSUs and PRSUs (in shares) | 536,361 | |||||||||||
Issued upon vesting of RSUs and PRSUs | $ 1 | (1,255) | 256 | 0 | 0 | $ (998) | ||||||
Issued upon exercise of stock options (in shares) | 3,326,255 | 3,326,255 | ||||||||||
Issued upon exercise of stock options | $ 3 | 1,913 | $ 1,916 | |||||||||
Issued upon exercise of warrants (in shares) | 3,692,865 | |||||||||||
Issued upon exercise of warrants | $ 4 | 3,585 | 3,589 | |||||||||
Common stock issued for consulting services (in shares) | 312,302 | |||||||||||
Common stock issued for consulting services | $ 0 | 953 | 0 | 0 | 0 | 953 | ||||||
Common stock issued under Stock Incentive Plan (in shares) | 973,204 | |||||||||||
Common stock issued under Stock Incentive Plan | $ 1 | 1,593 | 0 | 0 | 0 | 1,594 | ||||||
Amortization of stock-based compensation | 0 | 3,260 | 0 | 0 | 0 | 3,260 | ||||||
Net income (loss) for the year | 0 | 0 | 0 | (14,813) | 0 | (14,813) | ||||||
Other comprehensive income (loss) | 613 | 613 | ||||||||||
Issued in connection with ATM offering | 0 | 1,518 | 0 | 0 | 0 | 1,518 | ||||||
Issued in connection with a direct offering as issuance costs | $ 0 | 461 | 0 | 0 | 0 | 461 | ||||||
Balance (in shares) at Jul. 31, 2021 | 236,796,866 | |||||||||||
Balance at Jul. 31, 2021 | $ 237 | 441,990 | 360 | (291,625) | 493 | 151,455 | ||||||
Issued as anniversary fees for credit facility (in shares) | 161,594 | |||||||||||
Issued as anniversary fees for credit facility | $ 0 | 600 | 0 | 0 | 0 | 600 | ||||||
Issued under ATM offering, net of issuance costs (in shares) | 47,507,536 | |||||||||||
Issued under ATM offering, net of issuance costs | $ 48 | 163,707 | 163,755 | |||||||||
Issued upon vesting of RSUs and PRSUs (in shares) | 628,803 | |||||||||||
Issued upon vesting of RSUs and PRSUs | $ 0 | (2,188) | (360) | 0 | 0 | $ (2,548) | ||||||
Issued upon exercise of stock options (in shares) | 2,152,095 | 2,152,095 | ||||||||||
Issued upon exercise of stock options | $ 2 | 932 | $ 934 | |||||||||
Issued upon exercise of warrants (in shares) | 1,771,869 | |||||||||||
Issued upon exercise of warrants | $ 2 | 3,323 | 3,325 | |||||||||
Issued for acquisition of mineral properties (in shares) | 111,864 | |||||||||||
Issued for acquisition of mineral properties | $ 0 | 426 | 426 | |||||||||
Common stock issued for consulting services (in shares) | 56,273 | |||||||||||
Common stock issued for consulting services | $ 0 | 187 | 187 | |||||||||
Common stock issued under Stock Incentive Plan (in shares) | 451,407 | |||||||||||
Common stock issued under Stock Incentive Plan | $ 0 | 1,478 | 1,478 | |||||||||
Amortization of stock-based compensation | 2,724 | 2,724 | ||||||||||
Net income (loss) for the year | 0 | 0 | 0 | 5,252 | 0 | 5,252 | ||||||
Other comprehensive income (loss) | $ 0 | 0 | 0 | 0 | (679) | (679) | ||||||
Balance (in shares) at Jul. 31, 2022 | 289,638,307 | |||||||||||
Balance at Jul. 31, 2022 | $ 289 | $ 613,179 | $ 0 | $ (286,373) | $ (186) | $ 326,909 |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 12 Months Ended |
Jul. 31, 2022 | |
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. As at July 31, 2022, July 31, 2022, 2021 14: 12 12 Historically, we have been reliant primarily on equity financings from the sale of our common stock and on debt financing in order to fund our operations, and this reliance is expected to continue for the foreseeable future. Our continued operations, including the recoverability of the carrying values of our assets, are dependent ultimately on our ability to achieve and maintain profitability and positive cash flow from our operations. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Jul. 31, 2022 | |
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 thousands of United States dollars. All inter-company transactions and balances have been eliminated upon consolidation. Certain financial statement line items have been reclassified to conform with current year’s presentation. Exploration Stage We have established the existence of mineralized materials for certain uranium projects, including our Palangana and Christensen Ranch Mines (collectively, the “ISR Mines”). We have not 1300 1300” no Beginning with our annual report on Form 10 July 31, 2022, 1300. Since we commenced extraction of mineralized materials at our ISR Mines without having established proven or probable reserves, any mineralized materials established or extracted from our ISR Mines 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 as 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 by the SEC, having established proven and probable reserves and exited the Exploration Stage, typically capitalize expenditures relating to ongoing development activities, with corresponding depletion calculated over proven and probable reserves using the units-of-production method and allocated to future reporting periods to inventory and, as that inventory is sold, to cost of goods sold. We are in the Exploration Stage which has resulted in our Company reporting larger losses than if it had been in the Production Stage due to the expensing, instead of capitalization, of expenditures relating to ongoing mine development activities. Additionally, there would be no may not Business Combination We recognize and measure the assets acquired and liabilities assumed in a business combination based on their estimated fair values at the acquisition date, while transaction costs related to business combinations are expensed as incurred. An income, market or cost valuation method may not one not Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make judgements, estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported revenues and expenses during the reported periods. Areas requiring significant judgements, estimates and assumptions include the valuation of acquired mineral rights and properties, existence of impairment indicators for the Company’s long-live assets, valuation and measurement of impairment losses on mineral rights and properties, valuation of recoverability of a credit loss, valuation of stock-based compensation 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. Our subsidiaries, 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., Metalicos Y No 830: Cash and Cash Equivalents Cash and cash equivalents consist of bank deposits and term deposits with an original maturity of three Fair Value Measurement 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 The three ● Level 1 ● Level 2 not ● Level 3 no The financial instruments, including cash and cash equivalents, restricted cash, accounts payable and accrued liabilities, are carried at cost, which approximate their fair values due to the immediate or short-term maturity. Investments in equity securities are carried at fair value. Other loans payable and long-term debt are carried at amortized costs which approximate their respective fair values. Inventories Inventories are comprised of supplies, work-in-progress and uranium concentrates (“U 3 8 Inventories are carried at the lower of cost or net realizable value and are charged to cost of sales using the average costing method. Equity Investments Investments in an entity in which our ownership is greater than 20% 50%, 323: Additionally, we hold certain equity investments in entities that we do not 321 Other Non-Current Assets Other non-current 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 S-K 1300, Where proven and probable reserves have been established, the project’s capitalized expenditures are depleted over proven and probable reserves using the units-of-production method upon commencement of production. Where proven and probable reserves have not not Databases Expenditures relating to mineral property databases are capitalized upon acquisition while those developed internally are expensed as incurred. Mineral property databases are amortized using the straight-line method over a five 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: ● Plant and processing facilities: 10 to 21 years; ● Mining and logging equipment and vehicles: 5 to 10 years; ● Computer equipment: 3 years; ● Furniture and fixtures: 5 years; and ● Buildings: 20 years. Impairment of Long-Lived Assets Long-lived assets including mineral rights and property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset or asset group may not may not not not Income Taxes We account for income taxes under the asset and liability method which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities. We provide a valuation allowance on deferred tax assets unless it is more likely than 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 to the pre-existing quality or class of use after the completion of mining. We recognize the present value of the future restoration and remediation costs as an asset retirement obligation in the period in which we incur an obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development and/or normal use of the assets. Asset retirement obligations consist of estimated final well closure, plant and equipment decommissioning and removal and environmental remediation costs to be incurred by our Company in the future. The asset retirement obligation is estimated based on the current costs escalated at an inflation rate and discounted at a credit adjusted risk-free rate at inception. The asset retirement obligations are capitalized as part of the costs of the underlying assets and amortized over its remaining useful life. The asset retirement obligations are accreted to an undiscounted value until they are settled. The accretion expenses are charged to earnings and the actual retirement costs are recorded against the asset retirement obligations when incurred. Any difference between the recorded asset retirement obligations and the actual retirement costs incurred will be recorded as a gain or loss in the period of settlement. Long-Term Debt Long-Term Debt is carried at amortized cost. Debt issuance costs, debt premiums and discounts and annual fees are included in the long-term debt balance and amortized using the effective interest rate over the contractual terms of the Long-Term Debt. Leases We determine 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 the commencement date. When the rate implicit to the lease cannot be readily determined, we utilize the incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest our 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 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 We have leases arrangements that include both lease and non-lease components. We account for each separate lease component and its associated non-lease components as a single lease component for all of our asset classes. Revenue Recognition Our revenues are primarily derived from the sale of U 3 8 3 8 Stock-Based Compensation We measure stock-based awards at fair value on the date of the grant and expense the awards 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 (“RSU”s) is determined using the share price of the Company at the date of grant. The fair value of performance based restricted stock units (“PRSU”s) 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 a graded vesting basis. Forfeitures are accounted for as they occur. The Company’s estimates may not Earnings (Loss) Per Common Share Basic earnings or loss per share includes no |
Note 3 - Acquisition of Uranium
Note 3 - Acquisition of Uranium One Americas, Inc. | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 3: ACQUISITION OF URANIUM ONE AMERICAS, INC. On December 17, 2021, “U1A” “U1A U1A U1A U1A’s The UEC Wyoming Portfolio consists of the Irigaray Processing Facility, the Christensen Ranch Mine and the Ludeman, Antelope, Moore Ranch and Barge Projects located in Wyoming, which creates a Wyoming hub-and-spoke operation for the Company. The U1A U1A not U1A 2022. As of July 31, 2022, U1A The table below sets forth the consideration paid and the fair value of the assets acquired and liabilities assumed for the U1A July 31, 2022: Consideration paid Cash $ 125,593 Working capital adjustment (1) 2,902 Total consideration paid $ 128,495 Assets acquired and liabilities assumed Cash & cash equivalents (1) $ 1,183 Prepaid expenses and deposits (1) 1,550 Other current assets (1) 73 Inventories (1) 192 Mineral rights and properties (2) 110,693 Property, plant and equipment (3) 13,004 Restricted cash 13,755 Debt receivable (4) - Other non-current assets (5) 1,613 Total assets 142,063 Accounts payable and accrued liabilities (1) 96 Other liabilities (5) 765 Asset retirement obligations (6) 12,707 Total liabilities 13,568 Total net assets $ 128,495 Notes: ( 1 The working capital adjustment represents the working capital of U1A U1A $1,183; $1,550; $73; $192; ( 2 The fair value of mineral rights and properties was determined using the discounted cash flow model (being the net present value of expected future cash flows). Expected future cash flows are based on estimates of future uranium prices, production based on current estimates of recoverable mineral resources, future operating costs and capital expenditures and the discount rate. The Company’s estimates of recoverable mineral resources are based on information prepared by qualified persons (management’s specialists). ( 3 The fair value of property, plant and equipment was determined using a replacement cost approach. ( 4 Other non-current assets included certain material and supply inventories classified as non-current and ROU assets associated with U1A’s ( 5 The fair value of asset retirement obligations was measured based on the expected costs and timing for final well closure, plant and equipment decommissioning and removal, and environmental remediation, which are discounted to present value using credit adjusted risk-free rates. Since it has been consolidated from December 17, 2021, 2022. The following unaudited proforma financial information presents consolidated results assuming the U1A August 1, 2020. Year Ended July 31, 2022 2021 Sales and service revenue $ 23,298 $ 192 Net income (loss) for the year 2,626 (21,945 ) |
Note 4 - Anfield Debt Settlemen
Note 4 - Anfield Debt Settlement and Property Swap | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Debt Settlement and Property Swap [Text Block] | NOTE 4: ANFIELD DEBT SETTLEMENT AND PROPERTY SWAP In connection with the U1A U1A U1A $Nil December 17, 2021. On April 19, 2022, one one one CA$0.18 May 12, 2027 ( On June 7, 2022, Anfield Common Shares were measured using the Anfield share price of US$0.08 US$0.03 Expected Risk Free Interest Rate 2.93 % Annual Volatility 64.94 % Life in Years 4.94 Expected Annual Dividend Yield 0 % Our investment in Anfield Common Shares and Anfield Warrants are accounted for as Investment in Equity Securities with changes in fair value charged to Unrealized Gain or Loss from Equity Securities on our consolidated statements of operations and comprehensive income. Consequently, we reversed the entire expected credit loss on the debt receivable and recognized a recovery on debt receivable of $18,342 on our consolidated statements of operations and comprehensive income. The fair value of the cash and the Anfield Common Shares and Anfield Warrants totaled $20,122, which exceeded the amounts of $18,342 U1A 326 2019 04, not Concurrent with the Anfield Debt Settlement, we completed the Swap Agreement whereby we have received from Anfield 25 850 |
Note 5 - Inventories
Note 5 - Inventories | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 5: INVENTORIES As at July 31, 2022, July 31, 2022 July 31, 2021 Material and supplies $ 232 $ 33 Uranium concentrates from production 178 178 Purchased uranium inventories 66,160 28,961 $ 66,570 $ 29,172 As at July 31, 2022, five Purchase Commitments in Pounds Total Purchase Price Fiscal 2023 1,721,000 $ 65,309 Fiscal 2024 895,000 38,913 Fiscal 2025 600,000 23,120 Fiscal 2026 100,000 3,620 Total 3,316,000 $ 130,962 Subsequent to July 31, 2022, October 2022. |
Note 6 - Mineral Rights and Pro
Note 6 - Mineral Rights and Properties | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Mineral Industries Disclosures [Text Block] | NOTE 6: MINERAL RIGHTS AND PROPERTIES Mineral Rights As at July 31, 2022, July 31, 2022, As at July 31, 2022, July 31, 2022 July 31, 2021 Mineral Rights and Properties Palangana Mine $ 6,028 $ 6,028 Goliad Project 8,689 8,689 Burke Hollow Project 1,496 1,496 Anderson Project 3,470 3,470 Workman Creek Project 1,000 900 Reno Creek Project 31,528 31,528 Christensen Ranch Mine 39,062 - Ludeman Project 32,306 - Antelope Project 29,855 - Moore Ranch Project 4,972 - Irigaray Project 1,362 - Barge Project 3,136 - Gas Hills Project 980 - Nine Mile Project 954 - Charlie Project 905 - Diabase Project 982 547 Yuty Project 11,947 11,947 Oviedo Project 1,133 1,133 Alto Paraná Titanium Project 1,933 1,433 Other Properties 4,139 540 185,877 67,711 Accumulated Depletion (3,930 ) (3,930 ) 181,947 63,781 Databases and Land Use Agreements 2,459 2,459 Accumulated Amortization (2,458 ) (2,456 ) 1 3 $ 181,948 $ 63,784 We have not 1300, may not Mineral property expenditures incurred on our projects were as follows: Year Ended July 31, 2022 2021 2020 Mineral Property Expenditures Palangana Mine $ 1,060 $ 890 $ 1,343 Burke Hollow Project 3,647 1,446 1,130 Goliad Project 240 237 190 Anderson Project 108 79 71 Workman Creek Project 33 33 33 Reno Creek Project 821 672 597 Christensen Ranch Mine 1,257 - - Ludeman Project 219 - - Antelope Project 70 - - Moore Ranch Project 143 - - Barge Project 37 - - Yuty Project 86 31 66 Oviedo Project 619 372 350 Alto Paraná Titanium Project 574 199 230 Other Mineral Property Expenditures 1,240 520 572 $ 10,154 $ 4,479 $ 4,582 United States Projects ● 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. These agreements are subject to certain royalty and overriding royalty interests indexed to the sale price of uranium and generally have an initial five During Fiscal 2022 2021, ● 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. These agreements are subject to certain fixed royalty interests based on net proceeds from sales or indexed to the sales price of uranium and have an initial 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. These agreements are subject to fixed royalty interests based on net proceeds from sales and have an initial five ● Anderson Project, Arizona We hold an undivided 100% interest in contiguous mineral lode claims and state leases at the Anderson Project located in Yavapai County, Arizona. ● Workman Creek Project, Arizona We hold an undivided 100% interest in contiguous mineral lode claims in the Workman Creek Project located in Gila County, Arizona. The Workman Creek Project is subject to a 3.0% net smelter royalty requiring an annual advance royalty payment of $50 for 2016 2017, January 21, 2024. January 21, 2024. ● Reno Creek Project, Wyoming The Reno Creek Project consists 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. During Fiscal 2022, U1A 3: ● Christensen Ranch Mine, Wyoming The Christensen Ranch Mine consists of U.S. federal mineral lode claims, state mineral leases and private mining and surface use agreements, which grant us the exclusive right to explore, develop and mine for uranium. These state mineral leases and the mining and surface use agreements are subject to certain royalty interests based on gross proceeds from sales of uranium, and have terms ranging from 10 years to the life of the mine (through end of mining and final reclamation) if held by production. ● Irigaray Project, Wyoming The Irigaray Project consists of U.S. federal mineral lode claims, state mineral leases and private mining and surface use agreements which grant us the exclusive right to explore, develop and mine for uranium. These state mineral leases and the mining and surface use agreements are subject to certain royalty interests based on gross proceeds from sales of uranium, and have terms ranging from 10 years to the life of the mine, through end of mining and final reclamation, if held by production. ● Ludeman Project, Wyoming The Ludeman Project consists of various U.S. federal mineral lode claims, state mineral leases and private mining and surface use agreements which grant us the exclusive right to explore, develop and mine for uranium. These state mineral leases and the mining and surface use agreements are subject to certain royalty interests based on gross proceeds from sales or indexed to the sales price of uranium, and have terms ranging from 10 years to the life of the mine, if held by production. ● Moore Ranch Project, Wyoming The Moore Ranch Project consists of U.S. federal mineral lode claims, state mineral leases and private mining and surface use agreements which grant us the exclusive right to explore, develop and mine for uranium. The state mineral leases and the mining and surface use agreements are subject to certain royalty interests based on gross proceeds from sales or indexed to the sales price of uranium, and have terms ranging from 10 years to the life of the mine, if held by production. ● Barge Project, Wyoming The Barge Project consists of U.S. federal mineral lode claims which grant us the exclusive right to explore, develop and mine for uranium. We currently do not no ● Antelope Project, Wyoming The Antelope Project consists of U.S. federal mineral lode claims along with several state mineral leases. Only the state leases are subject to royalty interests based on gross proceeds from sales, not During Fiscal 2022, 4: ● Gas Hills Project, Wyoming The Gas Hill Project consists of U.S. federal mineral lode claims and several state mineral leases. Only the state leases are subject to royalty interests based on gross proceeds from sales of uranium, not ● Nine Mile Project, Wyoming The Nine Mile Lake Project consists of U.S. federal mineral lode claims, state mineral leases private mineral leases and surface use agreements. The state mineral leases and the private mining and surface use agreements are subject to certain royalty interests based on gross proceeds from sales of uranium, and have terms ranging from 10 years to the life of the mine, through end of mining and final reclamation, if held by production. ● Charlie Project, Wyoming The Charlie Project consists of a single State of Wyoming mining lease. The state mineral lease is subject to a royalty interest based on gross proceeds from sales of uranium, with a lease term of 10 years, extendable for the life of exploration and mining. The mineral leases and surface use agreements are subject to certain royalty interests based on gross proceeds from sales of uranium, with terms ranging from five Canadian Project ● Diabase Project, Canada During Fiscal 2022, July 31, 2021: Paraguay Projects During Fiscal 2018 2019, not ● Yuty Project, Paraguay The Yuty Project is a property under one ● Oviedo Project, Paraguay The Oviedo Project is a property under one first ● Alto Paran Titanium Project, Paraguay The Alto Paraná Titanium Project is a property under certain titanium mineral concessions located in the departments of Alto Paraná and Canindeyú in Paraguay. The Alto Paraná Titanium Project is subject to a 1.5% net smelter returns royalty. We have the right, exercisable to July 2023, During Fiscal 2022, one March 2016. $500 |
Note 7 - Property, Plant and Eq
Note 7 - Property, Plant and Equipment | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 7: PROPERTY, PLANT AND EQUIPMENT During Fiscal 2022, U1A 3: three As at July 31, 2022, July 31, 2022 July 31, 2021 Cost Accumulated Depreciation Net Book Value Cost Accumulated Net Book Plant and Processing Facilities $ 18,964 $ (1,306 ) $ 17,658 $ 6,643 $ (851 ) $ 5,792 Mining Equipment 2,777 (2,382 ) 395 2,355 (2,313 ) 42 Logging Equipment and Vehicles 2,666 (1,851 ) 815 1,924 (1,775 ) 149 Computer Equipment 360 (313 ) 47 326 (284 ) 42 Furniture and Fixtures 190 (177 ) 13 185 (172 ) 13 Buildings 298 (72 ) 226 298 (58 ) 240 Land 1,080 - 1,080 1,080 - 1,080 $ 26,335 $ (6,101 ) $ 20,234 $ 12,811 $ (5,453 ) $ 7,358 |
Note 8 - Restricted Cash
Note 8 - Restricted Cash | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Restricted Cash [Text Block] | NOTE 8: 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 plants, processing facilities and various projects. Restricted cash will be released upon completion of reclamation of a mineral property or restructuring of a surety and collateral arrangement. As at July 31, 2022, July 31, 2022 July 31, 2021 Balance, beginning of year $ 2,038 $ 1,839 Restricted cash received from U1A Acquisition 13,755 - (Release) addition of surety bond collateral (8,550 ) 199 Interest received 8 - Balance, end of year $ 7,251 $ 2,038 During Fiscal 2022, Cash, cash equivalents and restricted cash are included in the following accounts: July 31, 2022 July 31, 2021 July 31, 2020 Cash and cash equivalents $ 32,536 $ 44,313 $ 5,149 Restricted cash 7,251 2,038 1,839 Total cash, cash equivalents and restricted cash $ 39,787 $ 46,351 $ 6,988 |
Note 9 - Equity-accounted Inves
Note 9 - Equity-accounted Investment | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | NOTE 9: EQUITY-ACCOUNTED INVESTMENT As at July 31, 2022, July 31, 2021: two one 2022. 15.5% URC is a public company listed on the TSX Venture Exchange with the trading symbol URC.V and on NASDAQ with the trading symbol UROY. As at July 31, 2022, During Fiscal 2022, 2021 2020, Balance, July 31, 2019 $ 8,680 Share of loss from URC (89 ) Gain on dilution of ownership interest 3,057 Translation loss (133 ) Balance, July 31, 2020 11,515 Addition 3,397 Share of income from URC 732 Gain on dilution of ownership interest 4,473 Translation gain 613 Balance, July 31, 2021 20,730 Share of income from URC 153 Gain on dilution of ownership interest 3,973 Translation loss (679 ) Balance, July 31, 2022 $ 24,177 During Fiscal 2021, CA$4.10 During Fiscal 2022, 2021 2020, During Fiscal 2022 2020, 2021 |
Note 10 - Accounts Payable and
Note 10 - Accounts Payable and Accrued Liabilities | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 10: ACCOUNTS PAYABLE AND ACCRUED LIABILITIES As at July 31, 2022, July 31, 2022 July 31, 2021 Trade payables $ 2,019 $ 1,301 Accrued purchases 1,497 459 Accrued payroll liabilities 3,946 418 Liabilities assumed from prior acquisitions 700 586 $ 8,162 $ 2,764 |
Note 11 - Long-term Debt
Note 11 - Long-term Debt | 12 Months Ended |
Jul. 31, 2022 | |
Credit Agreement [Member] | |
Notes to Financial Statements | |
Long-Term Debt [Text Block] | NOTE 11: LONG-TERM DEBT As at July 31, 2022, July 31, 2022 July 31, 2021 Balance, beginning of year $ 10,075 $ 19,869 Amortization of discount and accrued fees 525 1,376 Payment of anniversary fees (600 ) (1,170 ) Principal repayment (10,000 ) (10,000 ) Balance, end of year $ - $ 10,075 During Fiscal 2021, 2022, $Nil July 31, 2022 Pursuant to the terms of our Third Amended and Restated Credit Agreement, during Fiscal 2022, 2021, 2020, During Fiscal 2022, 2021 2020, 2022, 2021 2020, |
Note 12 - Asset Retirement Obli
Note 12 - Asset Retirement Obligations | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Asset Retirement Obligation Disclosure [Text Block] | NOTE 12: ASSET RETIREMENT OBLIGATIONS Asset retirement obligations (“ARO”s) relate to future remediation and decommissioning activities at our Palangana Mine, Hobson Processing Facility, Reno Creek Project and Alto Paraná Titanium Project, as well as our recently acquired Christensen Ranch Mine and Irigaray Processing Facility pursuant to the U1A July 31, 2022 July 31, 2021 Balance, beginning of year $ 3,939 $ 3,735 Accretion 630 204 Assumed from U1A Acquisition 12,707 - Balance, end of year $ 17,276 $ 3,939 The estimated amounts and timing of cash flows and assumptions used for the ARO estimates are as follows: July 31, 2022 July 31, 2021 Undiscounted amount of estimated cash flows $28,739 $8,221 Payable in years 1 to 23 9 to 21 Inflation rate 1.56% to 5.32% 1.56% to 2.17% Discount rate 3.72% to 6.35% 5.50% to 5.96% During Fiscal 2022, U1A one U1A The undiscounted amounts of estimated cash flows for the next five Fiscal 2023 $ 214 Fiscal 2024 1,300 Fiscal 2025 1,472 Fiscal 2026 2,489 Fiscal 2027 2,509 Remaining balance 20,755 $ 28,739 |
Note 13 - Lease Liabilities
Note 13 - Lease Liabilities | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | NOTE 13: LEASE LIABILITIES The Company primarily has operating leases for corporate offices and processing facilities with a remaining term of 1.0 to 21.9 years as at July 31, 2022. 12 not During Fiscal 2022, 2021 2020, Year Ended July 31, 2022 2021 2022 Operating Leases $ 274 $ 220 $ 230 Short-term Leases 1,401 607 445 Total Lease Expenses $ 1,675 $ 827 $ 675 As at July 31, 2022 2021, During Fiscal 2022, 2021, 2020, Minimum future lease payments under operating leases with terms longer than one Fiscal 2023 $ 291 Fiscal 2024 113 Fiscal 2025 104 Fiscal 2026 104 Fiscal 2027 69 Thereafter 975 Total lease payments 1,656 Less: imputed interest (472 ) Present value of lease liabilities $ 1,184 Current portion of lease liabilities $ 244 Non-current portion of lease liabilities $ 940 Current lease liabilities are included in Other Current Liabilities, and non-current liabilities are included in Other Non-Current Liabilities in our Consolidated Balance Sheets. |
Note 14 - Capital Stock
Note 14 - Capital Stock | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 14: CAPITAL STOCK Equity Financing On September 23, 2020, September 2020 one one September 2020 The shares were valued at the Company’s closing price of $0.96 per share on September 23, 2020. Expected Risk Free Interest Rate 0.14 % Expected Annual Volatility 76.81 % Expected Contractual Life in Years 2.00 Expected Annual Dividend Yield 0.00 % Net proceeds from the September 2020 Fair Value of Shares $ 12,000 Fair Value of Share Purchase Warrants 1,446 Total Fair Value Before Allocation to Net Proceeds $ 13,446 Gross Proceeds $ 15,000 Share Issuance Costs - Cash (878 ) Net Cash Proceeds Received $ 14,122 Relative Fair Value Allocation to: Shares $ 12,603 Share Purchase Warrants 1,519 $ 14,122 During Fiscal 2021, 2020 On March 19, 2021, On April 8, 2021, April 2021 one five The Agent Warrants were valued at $1.80 per warrant using the Black-Scholes Valuation Model with the following assumptions. Expected Risk Free Interest Rate 0.85 % Expected Annual Volatility 72.17 % Expected Contractual Life in Years 5.00 Expected Annual Dividend Yield 0.00 % During Fiscal 2021, May 2021 During Fiscal 2022, 2021 Subsequent to July 31, 2022, 2021 Share Purchase Warrants A continuity schedule of outstanding share purchase warrants as at July 31, 2022, Number of Warrants Weighted Average Exercise Price Balance, July 31, 2019 19,443,910 $ 1.94 Issued 300,000 1.38 Expired (12,021,929 ) 1.87 Balance, July 31, 2020 7,721,981 2.03 Issued in connection with September 2020 Offering 6,833,333 1.80 Issued in connection with April 2021 Offering 181,818 4.13 Exercised (8,240,505 ) 1.99 Expired (1,109,304 ) 1.87 Balance, July 31, 2021 5,387,323 1.90 Exercised (1,771,869 ) 1.88 Balance, July 31, 2022 3,615,454 $ 1.92 A summary of share purchase warrants outstanding and exercisable as at July 31, 2022 Weighted Average Exercise Price Number of Warrants Outstanding Weighted Average Remaining Contractual Life (Years) Expiry Date $ 1.80 3,408,636 0.15 September 23, 2022 1.64 25,000 0.80 May 21, 2023 4.13 181,818 3.68 April 5, 2026 $ 1.92 3,615,454 0.33 During Fiscal 2022, 2021 2020, $Nil, Subsequent to July 31, 2022, |
Note 15 - Stock-based Compensat
Note 15 - Stock-based Compensation | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | NOTE 15: STOCK-BASED COMPENSATION Stock Options As at July 31, 2022, one 2022 “2022 2021 During Fiscal 2022, 2021 2020, first three six 12, 2020, three one third second third The fair value of these stock options was estimated at the date of grant, using the Black-Scholes Valuation Model, with the following weighted average assumptions: Year Ended July 31, 2022 2021 2020 Expected Risk Free Interest Rate 2.73 % 0.70 % 0.40 % Expected Volatility 78.75 % 72.57 % 60.48 % Expected Life in Years 4.96 5.00 4.93 Expected Dividend Yield 0 % 0 % 0 % Weighted-Average Grant Date Fair Value $ 2.45 $ 1.30 $ 0.45 A continuity schedule of outstanding stock options as at July 31, 2022, Number of Stock Options Weighted Average Exercise Price Balance, July 31, 2019 15,738,350 $ 1.30 Granted 6,163,900 0.95 Cancelled/Forfeited (179,344 ) 1.02 Expired (6,208,156 ) 1.39 Balance, July 31, 2020 15,514,750 1.13 Granted 959,588 2.21 Exercised (4,705,005 ) 1.09 Expired (1,365,000 ) 1.48 Balance, July 31, 2021 10,404,333 1.21 Granted 1,279,692 3.80 Exercised (2,728,498 ) 1.17 Expired (75,000 ) 2.50 Balance, July 31, 2022 8,880,527 $ 1.58 The table below sets forth the number of shares issued and cash received upon exercise of stock options: Year Ended July 31, 2022 2021 2020 Number of Options Exercised on Cash Basis 872,580 1,734,127 - Number of Options Exercised on Forfeiture Basis 1,855,918 2,970,878 - Total Number of Options Exercised 2,728,498 4,705,005 - Number of Shares Issued on Cash Exercise 872,580 1,734,127 - Number of Shares Issued on Forfeiture Basis 1,279,515 1,592,128 - Total Number of Shares Issued Upon Exercise of Options 2,152,095 3,326,255 - Cash Received from Exercise of Stock Options $ 934 $ 1,916 $ - Total Intrinsic Value of Options Exercised $ 8,336 $ 6,882 $ - A continuity schedule of outstanding unvested stock options at July 31, 2022, Number of Unvested Stock Options Weighted Average Grant-Date Fair Value Balance, July 31, 2019 3,310,600 $ 0.59 Granted 6,163,900 0.45 Vested (2,590,154 ) 0.60 Cancelled/Forfeited (86,875 ) 0.43 Balance, July 31, 2020 6,797,471 0.46 Granted 959,588 1.30 Vested (3,865,852 ) 0.47 Balance, July 31, 2021 3,891,207 0.66 Granted 1,279,692 2.45 Vested (2,984,745 ) 0.59 Balance, July 31, 2022 2,186,154 $ 1.79 As at July 31, 2022, July 31, 2022, A summary of stock options outstanding and exercisable as at July 31, 2022 Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at July 31, 2022 Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Exercisable at July 31, 2022 Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) $0.80 to $0.99 3,968,499 $ 0.92 7.55 3,968,499 $ 0.92 7.55 $1.00 to $1.99 2,738,875 1.29 4.23 2,297,207 1.32 3.52 $2.00 to $2.99 903,461 2.22 8.95 416,167 2.22 8.94 $3.00 to $3.98 1,269,692 3.80 9.75 12,500 3.18 4.91 8,880,527 $ 1.58 6.98 6,694,373 $ 1.14 6.25 Restricted Stock Units During Fiscal 2022, 2021 2020, 2022 2021 three one third second third 2020 three one first one third one second third A continuity schedule of outstanding RSUs as at July 31, 2022, Number of Restricted Stock Units Weighted Average Grant Date Fair Value Balance, July 31, 2019 465,000 $ 0.94 Granted 1,305,000 0.91 Vested (155,000 ) 0.94 Balance, July 31, 2020 1,615,000 0.92 Granted 407,617 2.15 Vested (1,025,005 ) 0.91 Balance, July 31, 2021 997,612 1.42 Granted 346,790 4.03 Vested (508,368 ) 1.25 Balance, July 31, 2022 836,034 $ 2.61 A summary of outstanding unvested RSUs as at July 31, 2022, Grant Date Number of Restricted Stock Units Grant Date Fair Value Remaining Life (Years) Aggregate Intrinsic Value July 16, 2020 217,498 $ 0.91 0.96 $ 913 July 21, 2021 271,746 2.15 1.98 1,141 May 01, 2022 58,824 4.25 2.75 247 July 29, 2022 287,966 3.98 3.00 1,209 836,034 $ 2.61 2.12 $ 3,510 During Fiscal 2022, 2021 2020, Year Ended July 31, 2022 2021 2020 Number of RSUs vested 508,368 1,025,005 155,000 Number of net RSU shares issued 267,681 536,361 105,844 Number of RSU shares forfeited as payments of withholding amount 240,687 488,644 49,156 During Fiscal 2022, 2021 2020, July 31, 2022, Performance Based Restricted Stock Units During Fiscal 2022 2021, X three No 2020. These PRSUs have a market condition considered in the determination of the fair value such that the ultimate number of PRSUs that vest will be determined by the Company’s share performance relative to the Global X not one no The fair values of the Target PRSUs granted in Fiscal 2022 2021 No 2020. Year Ended July 31, 2022 2021 Expected Risk Free Interest Rate 2.80 % 0.39 % Expected Volatility 90.90 % 78.03 % Expected Dividend Yield 0 % 0 % Expected Life in Years 3 3 Correlation 76.89 % 66.02 % Grant Price $ 3.98 $ 2.15 Grant Date Fair Value $ 4.80 $ 2.48 During Fiscal 2022, X 2021 2020, July 2022, three A continuity schedule of unvested PRSUs comprised of Target PRSUs and Additional PRSUs as at July 31, 2022, Number of Unvested PRSUs Weighted Average Grant Date Fair Value Balance, July 31, 2019 890,000 $ 1.15 Forfeited (132,499 ) 1.15 Balance, July 31, 2020 757,501 1.15 Granted 492,950 2.48 Balance, July 31, 2021 1,250,451 1.67 Granted 241,632 4.80 Vested (757,501 ) 1.15 Balance, July 31, 2022 734,582 $ 3.24 During Fiscal 2022, 2021 2020, July 31, 2022, Stock-Based Compensation A summary of stock-based compensation expense for Fiscal 2022, 2021 2020, Year Ended July 31, 2022 2021 2020 Stock-Based Compensation for Consultants Common stock issued to consultants $ 770 $ 877 $ 540 Amortization of stock option expenses 220 288 240 990 1,165 780 Stock-Based Compensation for Management Common stock issued to management - 135 225 Amortization of stock option expenses 471 774 645 Amortization of RSU and PRSU expenses 1,035 1,215 583 1,506 2,124 1,453 Stock-Based Compensation for Employees Common stock issued to employees 1,187 1,200 635 Amortization of stock option expenses 960 982 640 Amortization of RSU expenses 38 - - 2,185 2,182 1,275 Settlement of share issuance obligation - - (15 ) $ 4,681 $ 5,471 $ 3,493 |
Note 16 - Sales and Service Rev
Note 16 - Sales and Service Revenue and Cost of Sales and Services | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 16: SALES AND SERVICE REVENUE AND COST OF SALES AND SERVICES During Fiscal 2022, 2022, U1A 2021 2020. The table below provides a breakdown of sales and service revenue and cost of sales and service revenue: Year Ended July 31, 2022 2021 2020 Sales of purchased uranium inventory $ 22,946 $ - $ - Revenue from toll processing services 215 - - Total sales and service revenue $ 23,161 $ - $ - Cost of purchased uranium inventory $ (15,689 ) $ - $ - Cost of toll processing services (179 ) - - Total cost of sales and services $ (15,868 ) $ - $ - Of the total sales of purchased uranium inventory, sales to customer A represent 57% and sales to customer B represent 43%. |
Note 17 - Unrealized Loss on Eq
Note 17 - Unrealized Loss on Equity Securities | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 17: UNREALIZED LOSS ON EQUITY SECURITIES During Fiscal 2022, July 31, 2022. 1 2 Expected Risk Free Interest Rate 2.59 % Annual Volatility 64.76 % Expected Contractual Life in Years 4.78 Expected Annual Dividend Yield 0 % Unrealized loss on equity securities for Fiscal 2022 Urealized loss from investment in Anfield shares $ (1,925 ) Urealized loss from investment in Anfield warrants (1,105 ) Urealized gain from investment in UEX shares 1,132 Total $ (1,898 ) |
Note 18 - Net Income (Loss) Per
Note 18 - Net Income (Loss) Per Share | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 18: NET INCOME (LOSS) PER SHARE The following table reconciles the weighted average number of shares used in the computation of basic and diluted income (loss) per share for Fiscal 2022, 2021 2020: Year Ended July 31, Numerator 2022 2021 2020 Net Income (Loss) for the Year $ 5,252 $ (14,813 ) $ (14,610 ) Denominator Basic Weighted Average Number of Shares 271,019,472 210,295,992 183,041,766 Dilutive Effect of Stock Awards and Warrants 9,082,601 - - Diluted Weighted Average Number of Shares 280,102,073 210,295,992 183,041,766 Net Income (Loss) Per Share - Basic $ 0.02 $ (0.07 ) $ (0.08 ) Net Income (Loss) Per Share - Diluted $ 0.02 $ (0.07 ) $ (0.08 ) For Fiscal 2021 2020, |
Note 19 - Income Taxes
Note 19 - Income Taxes | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 19: INCOME TAXES As at July 31, 2022, may not 2023. July 31, 2022, 163 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, 2022 2021 2020 Federal income tax provision rate 21.00 % 21.00 % 21.00 % State income tax provision rate, net of federal income tax effect 2.95 % 0.83 % 0.72 % Total income tax provision rate 23.95 % 21.83 % 21.72 % 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, 2022 2021 2020 Income (Loss) before income taxes $ 5,247 $ (14,817 ) $ (14,616 ) Corporate tax rate 23.95 % 21.83 % 21.72 % Expected tax expense (recovery) 1,257 (3,235 ) (3,175 ) Increase (decrease) resulting from Foreign tax rate differences 158 77 86 Permanent differences (326 ) (217 ) 170 Prior year true-up 6 (270 ) 118 Change in state tax rate (460 ) (406 ) (553 ) Foreign exchange rate differences (4 ) (56 ) 17 Other 188 163 72 Change in valuation allowance (824 ) 3,940 3,233 Tax adjustment from operations (5 ) (4 ) (32 ) Unrealized loss, other comprehensive loss - - 26 Deferred tax benefits $ (5 ) $ (4 ) $ (6 ) We have incurred taxable losses for all years since inception and, accordingly, no provision for current income tax has been recorded for the current or any prior fiscal years. As at July 31, 2022, not The components of income (loss) from operations before income taxes, by tax jurisdiction, are as follows: Year Ended July 31, 2022 2020 2019 United States $ 6,054 $ (14,297 ) $ (13,962 ) Canada 268 94 54 Paraguay (1,075 ) (614 ) (708 ) $ 5,247 $ (14,817 ) $ (14,616 ) The Company’s deferred tax assets (liabilities) are as follows: July 31, 2022 July 31, 2021 Deferred tax assets (liabilities) Mineral properties $ 1,401 $ 1,277 Exploration costs 1,875 6,547 Stock option expense 4,651 4,623 Depreciable property 1,078 (1,163 ) Inventories (3,955 ) (3,608 ) Asset retirement obligations 2,924 107 Other 654 81 Section 163(j) interest expense carry forwards 2,040 1,061 Loss carry forwards 70,162 49,988 80,830 58,913 Valuation allowance (80,454 ) (58,913 ) Deferred tax assets - - Deferred tax assets, other comprehensive loss - - Deferred tax liabilities Mineral properties (536 ) (541 ) Net deferred tax liabilities $ (536 ) $ (541 ) As the criteria for recognizing deferred tax assets have not The Company’s U.S. net operating loss carry-forwards expire as follows: July 31, 2023 $ 1,887 July 31, 2024 2,035 July 31, 2025 2,398 July 31, 2026 8,461 July 31, 2027 6,807 Remaining balance 177,442 $ 199,030 For U.S. federal income tax purposes, a change in ownership under IRC Section 382 382 The Company’s Canadian net operating loss carry-forwards in Canadian dollars expire as follows: July 31, 2027 $ 183 July 31, 2028 630 July 31, 2029 769 July 31, 2030 764 July 31, 2031 1,206 Remaining balance 980 $ 4,532 |
Note 20 - Segmented Information
Note 20 - Segmented Information | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 20: SEGMENTED INFORMATION We currently operate in a single reportable segment and we are focused on uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates. As at July 31, 2022, The table below provides a breakdown of the Company’s long-term assets by geographic segment: July 31, 2022 Balance Sheet Items United States Canada Paraguay Total Texas Arizona Wyoming Other States Mineral Rights and Properties $ 12,420 $ 4,727 $ 148,720 $ 85 $ 982 $ 15,014 $ 181,948 Property, Plant and Equipment 7,068 - 12,773 - 26 367 20,234 Restricted Cash 1,949 15 5,287 - - - 7,251 Equity-Accounted Investment - - - - 24,177 - 24,177 Investment in Equity Securities - - - - 14,834 - 14,834 Other Non-Current Assets 1,447 - 1,646 - 519 - 3,612 Total Long-Term Assets $ 22,884 $ 4,742 $ 168,426 $ 85 $ 40,538 $ 15,381 $ 252,056 July 31, 2021 Balance Sheet Items United States Canada Paraguay Total Texas Arizona Wyoming Other States Mineral Rights and Properties $ 12,421 $ 4,627 $ 31,528 $ 147 $ 547 $ 14,514 $ 63,784 Property, Plant and Equipment 6,646 - 313 - 34 365 7,358 Restricted Cash 1,949 15 74 - - - 2,038 Equity-Accounted Investment - - - - 20,730 - 20,730 Other Non-Current Assets 522 - 16 - 48 - 586 Total Long-Term Assets $ 21,538 $ 4,642 $ 31,931 $ 147 $ 21,359 $ 14,879 $ 94,496 The table below provides a breakdown of our operating results by geographic segment. All intercompany transactions have been eliminated. Year ended July 31, 2022 Statement of Operations United States Canada Paraguay Total Texas Arizona Wyoming Other States Sales and service revenue $ - $ - $ 215 $ 22,946 $ - $ - $ 23,161 Cost of sales and services - - (179 ) (15,689 ) - - (15,868 ) Gross profit - - 36 7,257 - - 7,293 Operating Costs: Mineral property expenditures 5,525 156 3,117 72 5 1,279 10,154 General and administrative 9,817 15 922 1 4,226 45 15,026 Acquisition-related costs - - 3,444 - - - 3,444 Depreciation, amortization and accretion 375 - 983 - 16 5 1,379 Total operating costs 15,717 171 8,466 73 4,247 1,329 30,003 Income (loss) from operations (15,717 ) (171 ) (8,430 ) 7,184 (4,247 ) (1,329 ) (22,710 ) Other income (expenses) (1,096 ) (19 ) 6,074 - 22,994 4 27,957 Income (loss) before income taxes $ (16,813 ) $ (190 ) $ (2,356 ) $ 7,184 $ 18,747 $ (1,325 ) $ 5,247 Year ended July 31, 2021 Statement of Operations United States Canada Paraguay Total Texas Arizona Wyoming Other States Operating Costs: Mineral property expenditures $ 3,002 $ 125 $ 672 $ 69 $ 8 $ 603 $ 4,479 General and administrative 9,596 15 86 2 2,894 47 12,640 Depreciation, amortization and accretion 358 - 15 - 17 3 393 Total operating costs 12,956 140 773 71 2,919 653 17,512 Loss from operations (12,956 ) (140 ) (773 ) (71 ) (2,919 ) (653 ) (17,512 ) Other income (expenses) (2,542 ) (19 ) (10 ) - 5,259 7 2,695 Loss before income taxes $ (15,498 ) $ (159 ) $ (783 ) $ (71 ) $ 2,340 $ (646 ) $ (14,817 ) Year ended July 31, 2020 Statement of Operations United States Canada Paraguay Total Texas Arizona Wyoming Other States Operating Costs: Mineral property expenditures $ 3,166 $ 104 $ 597 $ 70 $ - $ 645 $ 4,582 General and administrative 6,983 14 112 2 2,272 59 9,442 Depreciation, amortization and accretion 274 - 15 1 12 8 310 Total operating costs 10,423 118 724 73 2,284 712 14,334 Loss from operations (10,423 ) (118 ) (724 ) (73 ) (2,284 ) (712 ) (14,334 ) Other income (expenses) (3,418 ) (19 ) 2 - 3,148 5 (282 ) Loss before income taxes $ (13,841 ) $ (137 ) $ (722 ) $ (73 ) $ 864 $ (707 ) $ (14,616 ) |
Note 21 - Subsequent Event
Note 21 - Subsequent Event | 12 Months Ended |
Jul. 31, 2022 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 21: SUBSEQUENT EVENT On June 13, 2022, June 21, 2022, CA$0.43 July 31, 2022, Subsequent to July 31, 2022, not August 15, 2022 August 18, 2022. not At the date of these consolidated financial statements are issued, we are not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Jul. 31, 2022 | |
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 thousands of United States dollars. All inter-company transactions and balances have been eliminated upon consolidation. Certain financial statement line items have been reclassified to conform with current year’s presentation. |
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 our Palangana and Christensen Ranch Mines (collectively, the “ISR Mines”). We have not 1300 1300” no Beginning with our annual report on Form 10 July 31, 2022, 1300. Since we commenced extraction of mineralized materials at our ISR Mines without having established proven or probable reserves, any mineralized materials established or extracted from our ISR Mines 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 as 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 by the SEC, having established proven and probable reserves and exited the Exploration Stage, typically capitalize expenditures relating to ongoing development activities, with corresponding depletion calculated over proven and probable reserves using the units-of-production method and allocated to future reporting periods to inventory and, as that inventory is sold, to cost of goods sold. We are in the Exploration Stage which has resulted in our Company reporting larger losses than if it had been in the Production Stage due to the expensing, instead of capitalization, of expenditures relating to ongoing mine development activities. Additionally, there would be no may not |
Business Combinations Policy [Policy Text Block] | Business Combination We recognize and measure the assets acquired and liabilities assumed in a business combination based on their estimated fair values at the acquisition date, while transaction costs related to business combinations are expensed as incurred. An income, market or cost valuation method may not one 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 judgements, estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported revenues and expenses during the reported periods. Areas requiring significant judgements, estimates and assumptions include the valuation of acquired mineral rights and properties, existence of impairment indicators for the Company’s long-live assets, valuation and measurement of impairment losses on mineral rights and properties, valuation of recoverability of a credit loss, valuation of stock-based compensation 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. Our subsidiaries, 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., Metalicos Y No 830: |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents consist of bank deposits and term deposits with an original maturity of three |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value Measurement 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 The three ● Level 1 ● Level 2 not ● Level 3 no The financial instruments, including cash and cash equivalents, restricted cash, accounts payable and accrued liabilities, are carried at cost, which approximate their fair values due to the immediate or short-term maturity. Investments in equity securities are carried at fair value. Other loans payable and long-term debt are carried at amortized costs which approximate their respective fair values. |
Inventory, Policy [Policy Text Block] | Inventories Inventories are comprised of supplies, work-in-progress and uranium concentrates (“U 3 8 Inventories are carried at the lower of cost or net realizable value and are charged to cost of sales using the average costing method. |
Equity Method Investments [Policy Text Block] | Equity Investments Investments in an entity in which our ownership is greater than 20% 50%, 323: Additionally, we hold certain equity investments in entities that we do not 321 |
Other Non-current Asset, Policy [Policy Text Block] | Other Non-Current Assets Other non-current assets include future expenditures that we have paid in advance but will not one not |
Mineral Rights,Policy [Policy Text Block] | 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 S-K 1300, Where proven and probable reserves have been established, the project’s capitalized expenditures are depleted over proven and probable reserves using the units-of-production method upon commencement of production. Where proven and probable reserves have not 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 amortized using the straight-line method over a five |
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: ● Plant and processing facilities: 10 to 21 years; ● Mining and logging equipment and vehicles: 5 to 10 years; ● Computer equipment: 3 years; ● Furniture and fixtures: 5 years; and ● Buildings: 20 years. |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets Long-lived assets including mineral rights and property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset or asset group may not may not not not |
Income Tax, Policy [Policy Text Block] | Income Taxes We account for income taxes under the asset and liability method which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities. We provide a valuation allowance on deferred tax assets unless it is more likely than 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 to the pre-existing quality or class of use after the completion of mining. We recognize the present value of the future restoration and remediation costs as an asset retirement obligation in the period in which we incur an obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development and/or normal use of the assets. Asset retirement obligations consist of estimated final well closure, plant and equipment decommissioning and removal and environmental remediation costs to be incurred by our Company in the future. The asset retirement obligation is estimated based on the current costs escalated at an inflation rate and discounted at a credit adjusted risk-free rate at inception. The asset retirement obligations are capitalized as part of the costs of the underlying assets and amortized over its remaining useful life. The asset retirement obligations are accreted to an undiscounted value until they are settled. The accretion expenses are charged to earnings and the actual retirement costs are recorded against the asset retirement obligations when incurred. Any difference between the recorded asset retirement obligations and the actual retirement costs incurred will be recorded as a gain or loss in the period of settlement. |
Debt, Policy [Policy Text Block] | Long-Term Debt Long-Term Debt is carried at amortized cost. Debt issuance costs, debt premiums and discounts and annual fees are included in the long-term debt balance and amortized using the effective interest rate over the contractual terms of the Long-Term Debt. |
Lessee, Leases [Policy Text Block] | Leases We determine 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 the commencement date. When the rate implicit to the lease cannot be readily determined, we utilize the incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest our 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 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 We have leases arrangements that include both lease and non-lease components. We account for each separate lease component and its associated non-lease components as a single lease component for all of our asset classes. |
Revenue [Policy Text Block] | Revenue Recognition Our revenues are primarily derived from the sale of U 3 8 3 8 |
Share-Based Payment Arrangement [Policy Text Block] | Stock-Based Compensation We measure stock-based awards at fair value on the date of the grant and expense the awards 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 (“RSU”s) is determined using the share price of the Company at the date of grant. The fair value of performance based restricted stock units (“PRSU”s) 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 a graded vesting basis. Forfeitures are accounted for as they occur. The Company’s estimates may not |
Earnings Per Share, Policy [Policy Text Block] | Earnings (Loss) Per Common Share Basic earnings or loss per share includes no |
Note 3 - Acquisition of Urani_2
Note 3 - Acquisition of Uranium One Americas, Inc. (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Consideration paid Cash $ 125,593 Working capital adjustment (1) 2,902 Total consideration paid $ 128,495 Assets acquired and liabilities assumed Cash & cash equivalents (1) $ 1,183 Prepaid expenses and deposits (1) 1,550 Other current assets (1) 73 Inventories (1) 192 Mineral rights and properties (2) 110,693 Property, plant and equipment (3) 13,004 Restricted cash 13,755 Debt receivable (4) - Other non-current assets (5) 1,613 Total assets 142,063 Accounts payable and accrued liabilities (1) 96 Other liabilities (5) 765 Asset retirement obligations (6) 12,707 Total liabilities 13,568 Total net assets $ 128,495 |
Business Acquisition, Pro Forma Information [Table Text Block] | Year Ended July 31, 2022 2021 Sales and service revenue $ 23,298 $ 192 Net income (loss) for the year 2,626 (21,945 ) |
Note 4 - Anfield Debt Settlem_2
Note 4 - Anfield Debt Settlement and Property Swap (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Expected Risk Free Interest Rate 2.93 % Annual Volatility 64.94 % Life in Years 4.94 Expected Annual Dividend Yield 0 % |
Note 5 - Inventories (Tables)
Note 5 - Inventories (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | July 31, 2022 July 31, 2021 Material and supplies $ 232 $ 33 Uranium concentrates from production 178 178 Purchased uranium inventories 66,160 28,961 $ 66,570 $ 29,172 |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | Purchase Commitments in Pounds Total Purchase Price Fiscal 2023 1,721,000 $ 65,309 Fiscal 2024 895,000 38,913 Fiscal 2025 600,000 23,120 Fiscal 2026 100,000 3,620 Total 3,316,000 $ 130,962 |
Note 6 - Mineral Rights and P_2
Note 6 - Mineral Rights and Properties (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule Of Mineral Rights and Property Acquisition Costs [Table Text Block] | July 31, 2022 July 31, 2021 Mineral Rights and Properties Palangana Mine $ 6,028 $ 6,028 Goliad Project 8,689 8,689 Burke Hollow Project 1,496 1,496 Anderson Project 3,470 3,470 Workman Creek Project 1,000 900 Reno Creek Project 31,528 31,528 Christensen Ranch Mine 39,062 - Ludeman Project 32,306 - Antelope Project 29,855 - Moore Ranch Project 4,972 - Irigaray Project 1,362 - Barge Project 3,136 - Gas Hills Project 980 - Nine Mile Project 954 - Charlie Project 905 - Diabase Project 982 547 Yuty Project 11,947 11,947 Oviedo Project 1,133 1,133 Alto Paraná Titanium Project 1,933 1,433 Other Properties 4,139 540 185,877 67,711 Accumulated Depletion (3,930 ) (3,930 ) 181,947 63,781 Databases and Land Use Agreements 2,459 2,459 Accumulated Amortization (2,458 ) (2,456 ) 1 3 $ 181,948 $ 63,784 |
Schedule Of Mineral Property Expenditures Incurred by Major Projects [Table Text Block] | Year Ended July 31, 2022 2021 2020 Mineral Property Expenditures Palangana Mine $ 1,060 $ 890 $ 1,343 Burke Hollow Project 3,647 1,446 1,130 Goliad Project 240 237 190 Anderson Project 108 79 71 Workman Creek Project 33 33 33 Reno Creek Project 821 672 597 Christensen Ranch Mine 1,257 - - Ludeman Project 219 - - Antelope Project 70 - - Moore Ranch Project 143 - - Barge Project 37 - - Yuty Project 86 31 66 Oviedo Project 619 372 350 Alto Paraná Titanium Project 574 199 230 Other Mineral Property Expenditures 1,240 520 572 $ 10,154 $ 4,479 $ 4,582 |
Note 7 - Property, Plant and _2
Note 7 - Property, Plant and Equipment (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | July 31, 2022 July 31, 2021 Cost Accumulated Depreciation Net Book Value Cost Accumulated Net Book Plant and Processing Facilities $ 18,964 $ (1,306 ) $ 17,658 $ 6,643 $ (851 ) $ 5,792 Mining Equipment 2,777 (2,382 ) 395 2,355 (2,313 ) 42 Logging Equipment and Vehicles 2,666 (1,851 ) 815 1,924 (1,775 ) 149 Computer Equipment 360 (313 ) 47 326 (284 ) 42 Furniture and Fixtures 190 (177 ) 13 185 (172 ) 13 Buildings 298 (72 ) 226 298 (58 ) 240 Land 1,080 - 1,080 1,080 - 1,080 $ 26,335 $ (6,101 ) $ 20,234 $ 12,811 $ (5,453 ) $ 7,358 |
Note 8 - Restricted Cash (Table
Note 8 - Restricted Cash (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Restrictions on Cash and Cash Equivalents [Table Text Block] | July 31, 2022 July 31, 2021 Balance, beginning of year $ 2,038 $ 1,839 Restricted cash received from U1A Acquisition 13,755 - (Release) addition of surety bond collateral (8,550 ) 199 Interest received 8 - Balance, end of year $ 7,251 $ 2,038 |
Schedule of Cash and Cash Equivalents and Restricted Cash [Table Text Block] | July 31, 2022 July 31, 2021 July 31, 2020 Cash and cash equivalents $ 32,536 $ 44,313 $ 5,149 Restricted cash 7,251 2,038 1,839 Total cash, cash equivalents and restricted cash $ 39,787 $ 46,351 $ 6,988 |
Note 9 - Equity-accounted Inv_2
Note 9 - Equity-accounted Investment (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Balance, July 31, 2019 $ 8,680 Share of loss from URC (89 ) Gain on dilution of ownership interest 3,057 Translation loss (133 ) Balance, July 31, 2020 11,515 Addition 3,397 Share of income from URC 732 Gain on dilution of ownership interest 4,473 Translation gain 613 Balance, July 31, 2021 20,730 Share of income from URC 153 Gain on dilution of ownership interest 3,973 Translation loss (679 ) Balance, July 31, 2022 $ 24,177 |
Note 10 - Accounts Payable an_2
Note 10 - Accounts Payable and Accrued Liabilities (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | July 31, 2022 July 31, 2021 Trade payables $ 2,019 $ 1,301 Accrued purchases 1,497 459 Accrued payroll liabilities 3,946 418 Liabilities assumed from prior acquisitions 700 586 $ 8,162 $ 2,764 |
Note 11 - Long-term Debt (Table
Note 11 - Long-term Debt (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Credit Agreement [Member] | |
Notes Tables | |
Schedule of Long-Term Debt Instruments [Table Text Block] | July 31, 2022 July 31, 2021 Balance, beginning of year $ 10,075 $ 19,869 Amortization of discount and accrued fees 525 1,376 Payment of anniversary fees (600 ) (1,170 ) Principal repayment (10,000 ) (10,000 ) Balance, end of year $ - $ 10,075 |
Note 12 - Asset Retirement Ob_2
Note 12 - Asset Retirement Obligations (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule of Change in Asset Retirement Obligation [Table Text Block] | July 31, 2022 July 31, 2021 Balance, beginning of year $ 3,939 $ 3,735 Accretion 630 204 Assumed from U1A Acquisition 12,707 - Balance, end of year $ 17,276 $ 3,939 |
Schedule Of Estimated Cash flow and Assumption Used For ARO [Table Text Block] | July 31, 2022 July 31, 2021 Undiscounted amount of estimated cash flows $28,739 $8,221 Payable in years 1 to 23 9 to 21 Inflation rate 1.56% to 5.32% 1.56% to 2.17% Discount rate 3.72% to 6.35% 5.50% to 5.96% |
Schedule Of Undiscounted Amounts Of Estimated Cash Flows [Table Text Block] | Fiscal 2023 $ 214 Fiscal 2024 1,300 Fiscal 2025 1,472 Fiscal 2026 2,489 Fiscal 2027 2,509 Remaining balance 20,755 $ 28,739 |
Note 13 - Lease Liabilities (Ta
Note 13 - Lease Liabilities (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Year Ended July 31, 2022 2021 2022 Operating Leases $ 274 $ 220 $ 230 Short-term Leases 1,401 607 445 Total Lease Expenses $ 1,675 $ 827 $ 675 |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Fiscal 2023 $ 291 Fiscal 2024 113 Fiscal 2025 104 Fiscal 2026 104 Fiscal 2027 69 Thereafter 975 Total lease payments 1,656 Less: imputed interest (472 ) Present value of lease liabilities $ 1,184 Current portion of lease liabilities $ 244 Non-current portion of lease liabilities $ 940 |
Note 14 - Capital Stock (Tables
Note 14 - Capital Stock (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule of Warrants, Valuation Assumptions [Table Text Block] | Expected Risk Free Interest Rate 0.14 % Expected Annual Volatility 76.81 % Expected Contractual Life in Years 2.00 Expected Annual Dividend Yield 0.00 % Expected Risk Free Interest Rate 0.85 % Expected Annual Volatility 72.17 % Expected Contractual Life in Years 5.00 Expected Annual Dividend Yield 0.00 % |
Schedule of Net Proceeds Allocation [Table Text Block] | Fair Value of Shares $ 12,000 Fair Value of Share Purchase Warrants 1,446 Total Fair Value Before Allocation to Net Proceeds $ 13,446 Gross Proceeds $ 15,000 Share Issuance Costs - Cash (878 ) Net Cash Proceeds Received $ 14,122 Relative Fair Value Allocation to: Shares $ 12,603 Share Purchase Warrants 1,519 $ 14,122 |
Schedule Of Share based Compensation Warrants Activity [Table Text Block] | Number of Warrants Weighted Average Exercise Price Balance, July 31, 2019 19,443,910 $ 1.94 Issued 300,000 1.38 Expired (12,021,929 ) 1.87 Balance, July 31, 2020 7,721,981 2.03 Issued in connection with September 2020 Offering 6,833,333 1.80 Issued in connection with April 2021 Offering 181,818 4.13 Exercised (8,240,505 ) 1.99 Expired (1,109,304 ) 1.87 Balance, July 31, 2021 5,387,323 1.90 Exercised (1,771,869 ) 1.88 Balance, July 31, 2022 3,615,454 $ 1.92 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Weighted Average Exercise Price Number of Warrants Outstanding Weighted Average Remaining Contractual Life (Years) Expiry Date $ 1.80 3,408,636 0.15 September 23, 2022 1.64 25,000 0.80 May 21, 2023 4.13 181,818 3.68 April 5, 2026 $ 1.92 3,615,454 0.33 |
Note 15 - Stock-based Compens_2
Note 15 - Stock-based Compensation (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Year Ended July 31, 2022 2021 2020 Expected Risk Free Interest Rate 2.73 % 0.70 % 0.40 % Expected Volatility 78.75 % 72.57 % 60.48 % Expected Life in Years 4.96 5.00 4.93 Expected Dividend Yield 0 % 0 % 0 % Weighted-Average Grant Date Fair Value $ 2.45 $ 1.30 $ 0.45 |
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 6,163,900 0.95 Cancelled/Forfeited (179,344 ) 1.02 Expired (6,208,156 ) 1.39 Balance, July 31, 2020 15,514,750 1.13 Granted 959,588 2.21 Exercised (4,705,005 ) 1.09 Expired (1,365,000 ) 1.48 Balance, July 31, 2021 10,404,333 1.21 Granted 1,279,692 3.80 Exercised (2,728,498 ) 1.17 Expired (75,000 ) 2.50 Balance, July 31, 2022 8,880,527 $ 1.58 |
Cash Proceeds Received and Tax Benefit from Share-Based Payment Awards [Table Text Block] | Year Ended July 31, 2022 2021 2020 Number of Options Exercised on Cash Basis 872,580 1,734,127 - Number of Options Exercised on Forfeiture Basis 1,855,918 2,970,878 - Total Number of Options Exercised 2,728,498 4,705,005 - Number of Shares Issued on Cash Exercise 872,580 1,734,127 - Number of Shares Issued on Forfeiture Basis 1,279,515 1,592,128 - Total Number of Shares Issued Upon Exercise of Options 2,152,095 3,326,255 - Cash Received from Exercise of Stock Options $ 934 $ 1,916 $ - Total Intrinsic Value of Options Exercised $ 8,336 $ 6,882 $ - |
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 6,163,900 0.45 Vested (2,590,154 ) 0.60 Cancelled/Forfeited (86,875 ) 0.43 Balance, July 31, 2020 6,797,471 0.46 Granted 959,588 1.30 Vested (3,865,852 ) 0.47 Balance, July 31, 2021 3,891,207 0.66 Granted 1,279,692 2.45 Vested (2,984,745 ) 0.59 Balance, July 31, 2022 2,186,154 $ 1.79 |
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at July 31, 2022 Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Exercisable at July 31, 2022 Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) $0.80 to $0.99 3,968,499 $ 0.92 7.55 3,968,499 $ 0.92 7.55 $1.00 to $1.99 2,738,875 1.29 4.23 2,297,207 1.32 3.52 $2.00 to $2.99 903,461 2.22 8.95 416,167 2.22 8.94 $3.00 to $3.98 1,269,692 3.80 9.75 12,500 3.18 4.91 8,880,527 $ 1.58 6.98 6,694,373 $ 1.14 6.25 |
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | Number of Restricted Stock Units Weighted Average Grant Date Fair Value Balance, July 31, 2019 465,000 $ 0.94 Granted 1,305,000 0.91 Vested (155,000 ) 0.94 Balance, July 31, 2020 1,615,000 0.92 Granted 407,617 2.15 Vested (1,025,005 ) 0.91 Balance, July 31, 2021 997,612 1.42 Granted 346,790 4.03 Vested (508,368 ) 1.25 Balance, July 31, 2022 836,034 $ 2.61 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Grant Date Number of Restricted Stock Units Grant Date Fair Value Remaining Life (Years) Aggregate Intrinsic Value July 16, 2020 217,498 $ 0.91 0.96 $ 913 July 21, 2021 271,746 2.15 1.98 1,141 May 01, 2022 58,824 4.25 2.75 247 July 29, 2022 287,966 3.98 3.00 1,209 836,034 $ 2.61 2.12 $ 3,510 |
Schedule of Restricted Stock Units Activity [Table Text Block] | Year Ended July 31, 2022 2021 2020 Number of RSUs vested 508,368 1,025,005 155,000 Number of net RSU shares issued 267,681 536,361 105,844 Number of RSU shares forfeited as payments of withholding amount 240,687 488,644 49,156 |
Schedule of Performance Based Restricted Stock Units, Valuation Assumptions [Table Text Block] | Year Ended July 31, 2022 2021 Expected Risk Free Interest Rate 2.80 % 0.39 % Expected Volatility 90.90 % 78.03 % Expected Dividend Yield 0 % 0 % Expected Life in Years 3 3 Correlation 76.89 % 66.02 % Grant Price $ 3.98 $ 2.15 Grant Date Fair Value $ 4.80 $ 2.48 |
Schedule of Nonvested Performance-Based Units Activity [Table Text Block] | Number of Unvested PRSUs Weighted Average Grant Date Fair Value Balance, July 31, 2019 890,000 $ 1.15 Forfeited (132,499 ) 1.15 Balance, July 31, 2020 757,501 1.15 Granted 492,950 2.48 Balance, July 31, 2021 1,250,451 1.67 Granted 241,632 4.80 Vested (757,501 ) 1.15 Balance, July 31, 2022 734,582 $ 3.24 |
Share-Based Payment Arrangement, Cost by Plan [Table Text Block] | Year Ended July 31, 2022 2021 2020 Stock-Based Compensation for Consultants Common stock issued to consultants $ 770 $ 877 $ 540 Amortization of stock option expenses 220 288 240 990 1,165 780 Stock-Based Compensation for Management Common stock issued to management - 135 225 Amortization of stock option expenses 471 774 645 Amortization of RSU and PRSU expenses 1,035 1,215 583 1,506 2,124 1,453 Stock-Based Compensation for Employees Common stock issued to employees 1,187 1,200 635 Amortization of stock option expenses 960 982 640 Amortization of RSU expenses 38 - - 2,185 2,182 1,275 Settlement of share issuance obligation - - (15 ) $ 4,681 $ 5,471 $ 3,493 |
Note 16 - Sales and Service R_2
Note 16 - Sales and Service Revenue and Cost of Sales and Services (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule of Revenue and Cost of Revenue [Table Text Block] | Year Ended July 31, 2022 2021 2020 Sales of purchased uranium inventory $ 22,946 $ - $ - Revenue from toll processing services 215 - - Total sales and service revenue $ 23,161 $ - $ - Cost of purchased uranium inventory $ (15,689 ) $ - $ - Cost of toll processing services (179 ) - - Total cost of sales and services $ (15,868 ) $ - $ - |
Note 17 - Unrealized Loss on _2
Note 17 - Unrealized Loss on Equity Securities (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Equity Securities Measurement Inputs [Table Text Block] | Expected Risk Free Interest Rate 2.59 % Annual Volatility 64.76 % Expected Contractual Life in Years 4.78 Expected Annual Dividend Yield 0 % |
Unrealized Gain (Loss) on Investments [Table Text Block] | Urealized loss from investment in Anfield shares $ (1,925 ) Urealized loss from investment in Anfield warrants (1,105 ) Urealized gain from investment in UEX shares 1,132 Total $ (1,898 ) |
Note 18 - Net Income (Loss) P_2
Note 18 - Net Income (Loss) Per Share (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year Ended July 31, Numerator 2022 2021 2020 Net Income (Loss) for the Year $ 5,252 $ (14,813 ) $ (14,610 ) Denominator Basic Weighted Average Number of Shares 271,019,472 210,295,992 183,041,766 Dilutive Effect of Stock Awards and Warrants 9,082,601 - - Diluted Weighted Average Number of Shares 280,102,073 210,295,992 183,041,766 Net Income (Loss) Per Share - Basic $ 0.02 $ (0.07 ) $ (0.08 ) Net Income (Loss) Per Share - Diluted $ 0.02 $ (0.07 ) $ (0.08 ) |
Note 19 - Income Taxes (Tables)
Note 19 - Income Taxes (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year Ended July 31, 2022 2021 2020 Federal income tax provision rate 21.00 % 21.00 % 21.00 % State income tax provision rate, net of federal income tax effect 2.95 % 0.83 % 0.72 % Total income tax provision rate 23.95 % 21.83 % 21.72 % |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year Ended July 31, 2022 2021 2020 Income (Loss) before income taxes $ 5,247 $ (14,817 ) $ (14,616 ) Corporate tax rate 23.95 % 21.83 % 21.72 % Expected tax expense (recovery) 1,257 (3,235 ) (3,175 ) Increase (decrease) resulting from Foreign tax rate differences 158 77 86 Permanent differences (326 ) (217 ) 170 Prior year true-up 6 (270 ) 118 Change in state tax rate (460 ) (406 ) (553 ) Foreign exchange rate differences (4 ) (56 ) 17 Other 188 163 72 Change in valuation allowance (824 ) 3,940 3,233 Tax adjustment from operations (5 ) (4 ) (32 ) Unrealized loss, other comprehensive loss - - 26 Deferred tax benefits $ (5 ) $ (4 ) $ (6 ) |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Year Ended July 31, 2022 2020 2019 United States $ 6,054 $ (14,297 ) $ (13,962 ) Canada 268 94 54 Paraguay (1,075 ) (614 ) (708 ) $ 5,247 $ (14,817 ) $ (14,616 ) |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | July 31, 2022 July 31, 2021 Deferred tax assets (liabilities) Mineral properties $ 1,401 $ 1,277 Exploration costs 1,875 6,547 Stock option expense 4,651 4,623 Depreciable property 1,078 (1,163 ) Inventories (3,955 ) (3,608 ) Asset retirement obligations 2,924 107 Other 654 81 Section 163(j) interest expense carry forwards 2,040 1,061 Loss carry forwards 70,162 49,988 80,830 58,913 Valuation allowance (80,454 ) (58,913 ) Deferred tax assets - - Deferred tax assets, other comprehensive loss - - Deferred tax liabilities Mineral properties (536 ) (541 ) Net deferred tax liabilities $ (536 ) $ (541 ) |
Summary of Operating Loss Carryforwards [Table Text Block] | July 31, 2023 $ 1,887 July 31, 2024 2,035 July 31, 2025 2,398 July 31, 2026 8,461 July 31, 2027 6,807 Remaining balance 177,442 $ 199,030 July 31, 2027 $ 183 July 31, 2028 630 July 31, 2029 769 July 31, 2030 764 July 31, 2031 1,206 Remaining balance 980 $ 4,532 |
Note 20 - Segmented Informati_2
Note 20 - Segmented Information (Tables) | 12 Months Ended |
Jul. 31, 2022 | |
Notes Tables | |
Long-Lived Assets by Geographic Areas [Table Text Block] | July 31, 2022 Balance Sheet Items United States Canada Paraguay Total Texas Arizona Wyoming Other States Mineral Rights and Properties $ 12,420 $ 4,727 $ 148,720 $ 85 $ 982 $ 15,014 $ 181,948 Property, Plant and Equipment 7,068 - 12,773 - 26 367 20,234 Restricted Cash 1,949 15 5,287 - - - 7,251 Equity-Accounted Investment - - - - 24,177 - 24,177 Investment in Equity Securities - - - - 14,834 - 14,834 Other Non-Current Assets 1,447 - 1,646 - 519 - 3,612 Total Long-Term Assets $ 22,884 $ 4,742 $ 168,426 $ 85 $ 40,538 $ 15,381 $ 252,056 July 31, 2021 Balance Sheet Items United States Canada Paraguay Total Texas Arizona Wyoming Other States Mineral Rights and Properties $ 12,421 $ 4,627 $ 31,528 $ 147 $ 547 $ 14,514 $ 63,784 Property, Plant and Equipment 6,646 - 313 - 34 365 7,358 Restricted Cash 1,949 15 74 - - - 2,038 Equity-Accounted Investment - - - - 20,730 - 20,730 Other Non-Current Assets 522 - 16 - 48 - 586 Total Long-Term Assets $ 21,538 $ 4,642 $ 31,931 $ 147 $ 21,359 $ 14,879 $ 94,496 |
Operating Results by Geographic Areas [Table Text Block] | Year ended July 31, 2022 Statement of Operations United States Canada Paraguay Total Texas Arizona Wyoming Other States Sales and service revenue $ - $ - $ 215 $ 22,946 $ - $ - $ 23,161 Cost of sales and services - - (179 ) (15,689 ) - - (15,868 ) Gross profit - - 36 7,257 - - 7,293 Operating Costs: Mineral property expenditures 5,525 156 3,117 72 5 1,279 10,154 General and administrative 9,817 15 922 1 4,226 45 15,026 Acquisition-related costs - - 3,444 - - - 3,444 Depreciation, amortization and accretion 375 - 983 - 16 5 1,379 Total operating costs 15,717 171 8,466 73 4,247 1,329 30,003 Income (loss) from operations (15,717 ) (171 ) (8,430 ) 7,184 (4,247 ) (1,329 ) (22,710 ) Other income (expenses) (1,096 ) (19 ) 6,074 - 22,994 4 27,957 Income (loss) before income taxes $ (16,813 ) $ (190 ) $ (2,356 ) $ 7,184 $ 18,747 $ (1,325 ) $ 5,247 Year ended July 31, 2021 Statement of Operations United States Canada Paraguay Total Texas Arizona Wyoming Other States Operating Costs: Mineral property expenditures $ 3,002 $ 125 $ 672 $ 69 $ 8 $ 603 $ 4,479 General and administrative 9,596 15 86 2 2,894 47 12,640 Depreciation, amortization and accretion 358 - 15 - 17 3 393 Total operating costs 12,956 140 773 71 2,919 653 17,512 Loss from operations (12,956 ) (140 ) (773 ) (71 ) (2,919 ) (653 ) (17,512 ) Other income (expenses) (2,542 ) (19 ) (10 ) - 5,259 7 2,695 Loss before income taxes $ (15,498 ) $ (159 ) $ (783 ) $ (71 ) $ 2,340 $ (646 ) $ (14,817 ) Year ended July 31, 2020 Statement of Operations United States Canada Paraguay Total Texas Arizona Wyoming Other States Operating Costs: Mineral property expenditures $ 3,166 $ 104 $ 597 $ 70 $ - $ 645 $ 4,582 General and administrative 6,983 14 112 2 2,272 59 9,442 Depreciation, amortization and accretion 274 - 15 1 12 8 310 Total operating costs 10,423 118 724 73 2,284 712 14,334 Loss from operations (10,423 ) (118 ) (724 ) (73 ) (2,284 ) (712 ) (14,334 ) Other income (expenses) (3,418 ) (19 ) 2 - 3,148 5 (282 ) Loss before income taxes $ (13,841 ) $ (137 ) $ (722 ) $ (73 ) $ 864 $ (707 ) $ (14,616 ) |
Note 1 - Nature of Operations (
Note 1 - Nature of Operations (Details Textual) - USD ($) $ in Thousands | 2 Months Ended | |||
Sep. 28, 2022 | Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Working Capital | $ 93,693 | |||
Cash and Cash Equivalents, at Carrying Value, Total | 32,536 | $ 44,313 | $ 5,149 | |
Inventory, Net, Total | 66,570 | $ 29,172 | ||
At-the-market Offering [Member] | Subsequent Event [Member] | ||||
Proceeds from Issuance or Sale of Equity, Total | $ 14,808 | |||
Uranium Inventory [Member] | ||||
Inventory, Net, Total | $ 66,160 |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Details Textual) | 12 Months Ended |
Jul. 31, 2022 | |
Mineral Rights, Databases [Member] | |
Mineral Property, Useful Life (Year) | 5 years |
Plant and Processing Facilities [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 10 years |
Plant and Processing Facilities [Member] | Maximum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 21 years |
Mining and logging equipment and vehicles [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 5 years |
Mining and logging equipment and vehicles [Member] | Maximum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 10 years |
Computer Equipment [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 3 years |
Furniture and Fixtures [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 5 years |
Building [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 20 years |
Note 3 - Acquisition of Urani_3
Note 3 - Acquisition of Uranium One Americas, Inc. (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 17, 2021 | Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | ||
Business Combination, Acquisition Related Costs | $ 3,444 | $ 0 | $ 0 | ||
U1A Acquisition [Member] | |||||
Business Combination, Consideration Transferred, Total | $ 128,495 | 128,495 | |||
Business Combination, Acquisition Related Costs | 3,444 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | [1] | 1,183 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets | [1] | 1,550 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other | [1] | 73 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory | [1] | 192 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable and Accrued Liabilities | [1] | 96 | |||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | 15,616 | ||||
Business Combination, Pro Forma Information, Operating Costs of Acquiree since Acquisition Date, Actual | $ 4,206 | ||||
[1]The working capital adjustment represents the working capital of U1A at the date of the U1A Acquisition, which was comprised of: (i) cash and cash equivalents of $1,183; (ii) prepaid expenses and deposits of $1,550; (iii) other current assets of $73; (iv) inventories of $192; and (v) accounts payable and accrued liabilities of $96. The fair value of these working capital items approximates their respective carrying values at the date of the acquisition. |
Note 3 - Acquisition of Urani_4
Note 3 - Acquisition of Uranium One Americas, Inc. - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 17, 2021 | Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | ||
Cash | $ 113,588 | $ 0 | $ 0 | ||
Restricted cash | 13,755 | 0 | |||
Asset retirement obligations (6) | 12,707 | $ 0 | |||
U1A Acquisition [Member] | |||||
Cash | 125,593 | ||||
Working capital adjustment (1) | [1] | 2,902 | |||
Total consideration paid | $ 128,495 | 128,495 | |||
Cash & cash equivalents (1) | [1] | 1,183 | |||
Prepaid expenses and deposits (1) | [1] | 1,550 | |||
Other current assets (1) | [1] | 73 | |||
Inventories (1) | [1] | 192 | |||
Mineral rights and properties (2) | [2] | 110,693 | |||
Property, plant and equipment (3) | [3] | 13,004 | |||
Restricted cash | 13,755 | ||||
Debt receivable (4) | [4] | 0 | |||
Other non-current assets (5) | [5] | 1,613 | |||
Total assets | 142,063 | ||||
Accounts payable and accrued liabilities (1) | [1] | 96 | |||
Other liabilities (5) | [5] | 765 | |||
Asset retirement obligations (6) | 12,707 | ||||
Total liabilities | 13,568 | ||||
Total net assets | $ 128,495 | ||||
[1]The working capital adjustment represents the working capital of U1A at the date of the U1A Acquisition, which was comprised of: (i) cash and cash equivalents of $1,183; (ii) prepaid expenses and deposits of $1,550; (iii) other current assets of $73; (iv) inventories of $192; and (v) accounts payable and accrued liabilities of $96. The fair value of these working capital items approximates their respective carrying values at the date of the acquisition.[2]The fair value of mineral rights and properties was determined using the discounted cash flow model (being the net present value of expected future cash flows). Expected future cash flows are based on estimates of future uranium prices, production based on current estimates of recoverable mineral resources, future operating costs and capital expenditures and the discount rate. The Company’s estimates of recoverable mineral resources are based on information prepared by qualified persons (management’s specialists).[3]The fair value of property, plant and equipment was determined using a replacement cost approach.[4]Other non-current assets included certain material and supply inventories classified as non-current and ROU assets associated with U1A’s operating leases. The fair value of long-term inventory was determined to approximate its carrying value. ROU assets and lease liabilities for operating leases are measured based on the present value of the future lease payments over the remaining lease terms at the acquisition date.[5]The fair value of asset retirement obligations was measured based on the expected costs and timing for final well closure, plant and equipment decommissioning and removal, and environmental remediation, which are discounted to present value using credit adjusted risk-free rates. |
Note 3 - Acquisition of Urani_5
Note 3 - Acquisition of Uranium One Americas, Inc. - Pro Forma Information (Details) - U1A Acquisition [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Jul. 31, 2022 | Jul. 31, 2021 | |
Sales and service revenue | $ 23,298 | $ 192 |
Net income (loss) for the year | $ 2,626 | $ (21,945) |
Note 4 - Anfield Debt Settlem_3
Note 4 - Anfield Debt Settlement and Property Swap (Details Textual) $ / shares in Units, $ in Thousands | 12 Months Ended | |||||||||
Jun. 07, 2022 USD ($) $ / shares shares | Apr. 19, 2022 USD ($) shares | Jul. 31, 2022 USD ($) $ / shares | Jul. 31, 2021 USD ($) $ / shares | Jul. 31, 2020 USD ($) $ / shares | Apr. 19, 2022 $ / shares shares | Dec. 17, 2021 USD ($) | Sep. 23, 2020 $ / shares | Jul. 31, 2019 $ / shares | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in CAD per share) | $ / shares | $ 1.92 | $ 1.90 | $ 2.03 | $ 1.94 | ||||||
Share Price (in dollars per share) | $ / shares | $ 0.96 | |||||||||
Financing Receivable, Allowance for Credit Loss, Recovery | $ 18,342 | $ 0 | $ 0 | |||||||
Gain (Loss) on Settlement Debt Receivable | 1,780 | 0 | 0 | |||||||
Gain (Loss) on Disposition of Assets, Total | 6,427 | $ (2) | $ 2 | |||||||
Swap Agreement [Member] | ||||||||||
Swap Agreement, Fair Value Received | $ 6,500 | |||||||||
Swap Agreement, Carrying Value Exchanged | 92 | |||||||||
Swap Agreement, Surrender Value | 6,500 | |||||||||
Gain (Loss) on Disposition of Assets, Total | $ 6,408 | |||||||||
Settlement Agreement [Member] | Anfield Energy, Inc. [Member] | ||||||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 16% | |||||||||
Anfield Warrant [Member] | ||||||||||
Warrants, Carrying Value Per Share (in dollars per share) | $ / shares | $ 0.03 | |||||||||
Anfield Energy, Inc. [Member] | ||||||||||
Proceeds from Sale and Collection of Receivables, Total | $ 9,171 | |||||||||
Debt Units Amount Received in Settlement of Indebtedness | $ 9,171 | |||||||||
Share Price (in dollars per share) | $ / shares | $ 0.08 | |||||||||
Anfield Energy, Inc. [Member] | Settlement Agreement [Member] | ||||||||||
Proceeds from Sale and Collection of Receivables, Total | $ 9,171 | |||||||||
Common Shares Received in Settlement of Indebtedness (in shares) | shares | 96,272,918 | |||||||||
Common Shares Received in Settlement of Indebtedness, Fair Value | $ 7,702 | |||||||||
Financing Receivable, Allowance for Credit Loss, Recovery | 18,342 | |||||||||
Cash Payments and Warrants, Fair Value | 20,122 | |||||||||
Gain (Loss) on Settlement Debt Receivable | 1,780 | |||||||||
Anfield Energy, Inc. [Member] | Anfield Warrant [Member] | ||||||||||
Common Share Purchase Warrant, Per Debt Unit Contains (in shares) | shares | 1 | |||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares | 1 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in CAD per share) | $ / shares | $ 0.18 | |||||||||
Anfield Energy, Inc. [Member] | Anfield Warrant [Member] | Settlement Agreement [Member] | ||||||||||
Warrants Received in Settlement of Indebtedness (in shares) | shares | 96,272,918 | |||||||||
Warrants Received in Settlement of Indebtedness, Fair Value | $ 3,249 | |||||||||
Anfield Energy, Inc. [Member] | Anfield Common Shares [Member] | ||||||||||
Common Share, Per Debt Unit Contains (in shares) | shares | 1 | |||||||||
U1A Acquisition [Member] | ||||||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt Receivable | [1] | 0 | ||||||||
U1A Acquisition [Member] | Anfield Energy, Inc. [Member] | ||||||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt Receivable | $ 0 | $ 18,342 | ||||||||
[1]Other non-current assets included certain material and supply inventories classified as non-current and ROU assets associated with U1A’s operating leases. The fair value of long-term inventory was determined to approximate its carrying value. ROU assets and lease liabilities for operating leases are measured based on the present value of the future lease payments over the remaining lease terms at the acquisition date. |
Note 4 - Anfield Debt Settlem_4
Note 4 - Anfield Debt Settlement and Property Swap - Fair Value Assumptions (Details) - Anfield Warrant [Member] | Jun. 07, 2022 |
Measurement Input, Risk Free Interest Rate [Member] | |
Warrants, measurement input | 0.0293 |
Measurement Input, Price Volatility [Member] | |
Warrants, measurement input | 0.6494 |
Measurement Input, Expected Term [Member] | |
Warrants, measurement input | 4.94 |
Measurement Input, Expected Dividend Rate [Member] | |
Warrants, measurement input | 0 |
Note 5 - Inventories (Details T
Note 5 - Inventories (Details Textual) $ in Thousands | 2 Months Ended | |
Sep. 28, 2022 USD ($) lb | Jul. 31, 2022 lb | |
Subsequent Event [Member] | ||
Inventory, Decrease From Sales, Mass (Pound) | 150,000 | |
Proceeds From Sale of Inventory | $ | $ 7,178 | |
Increase in Sale Obligations, Mass (Pound) | 600,000 | |
Increase in Sale Obligations, Value | $ | $ 30,675 | |
Uranium Inventory [Member] | Physical Uranium Program [Member] | ||
Inventory, Balance , Mass (Pound) | 1,800,000 |
Note 5 - Inventories - Costs of
Note 5 - Inventories - Costs of Inventories (Details) - USD ($) $ in Thousands | Jul. 31, 2022 | Jul. 31, 2021 |
Material and supplies | $ 232 | $ 33 |
Inventory, Net, Total | 66,570 | 29,172 |
Uranium Inventory [Member] | ||
Uranium concentrates from production | 178 | 178 |
Purchased uranium inventories | 66,160 | $ 28,961 |
Inventory, Net, Total | $ 66,160 |
Note 5 - Inventories - Uranium
Note 5 - Inventories - Uranium Inventory Purchase Commitments (Details) - Uranium Inventory [Member] $ in Thousands | Jul. 31, 2022 USD ($) lb |
Fiscal 2023 (Pound) | lb | 1,721,000 |
Fiscal 2023 | $ | $ 65,309 |
Fiscal 2024 (Pound) | lb | 895,000 |
Fiscal 2024 | $ | $ 38,913 |
Fiscal 2025 (Pound) | lb | 600,000 |
Fiscal 2025 | $ | $ 23,120 |
Fiscal 2026 (Pound) | lb | 100,000 |
Fiscal 2026 | $ | $ 3,620 |
Total, mass (Pound) | lb | 3,316,000 |
Total | $ | $ 130,962 |
Note 6 - Mineral Rights and P_3
Note 6 - Mineral Rights and Properties (Details Textual) $ in Thousands | 12 Months Ended | |||
Jul. 31, 2022 USD ($) shares | Jul. 31, 2021 USD ($) | Jul. 31, 2020 USD ($) | Jul. 31, 2016 USD ($) | |
Annual Property Maintenance Fees | $ 4,200 | |||
Stock Issued During Period, Value, for Mineral Properties | 426 | |||
Payments to Acquire Mineral Rights | 590 | $ 80 | $ 80 | |
Mineral Properties, Gross | $ 185,877 | 67,711 | ||
Palangana Mine [Member] | ||||
Mining Lease and Surface Use Agreements Realted to Royalty, Term (Year) | 5 years | |||
Depletion, Total | $ 0 | 0 | ||
Mineral Properties, Gross | $ 6,028 | 6,028 | ||
Goliad Project [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 5 years | |||
Mineral Properties, Gross | $ 8,689 | 8,689 | ||
Burke Hollow Project [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 5 years | |||
Mineral Properties, Gross | $ 1,496 | 1,496 | ||
Anderson Project [Member] | ||||
Interest on Mineral Properties | 100% | |||
Mineral Properties, Gross | $ 3,470 | 3,470 | ||
Workman Creek Project [Member] | ||||
Interest on Mineral Properties | 100% | |||
Net Smelter Royalty, Percent | 3% | |||
Annual Advance Royalty Payment | $ 100 | $ 50 | ||
Right and Option to Acquire Net Smelter Royalty, Percent | 1.50% | |||
Right and Option to Acquire Royalty, Amount | $ 1,000 | |||
Additional Right and Option to Acquire Net Smelter Royalty Held by Certain Individuals, Percent | 0.50% | |||
Amount of Royalty Interest Acquired | $ 333 | |||
Mineral Properties, Gross | $ 1,000 | 900 | ||
Christensen Ranch Mine [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 10 years | |||
Mineral Properties, Gross | $ 39,062 | 0 | ||
Irigaray Project [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 10 years | |||
Mineral Properties, Gross | $ 1,362 | 0 | ||
Ludeman Project [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 10 years | |||
Mineral Properties, Gross | $ 32,306 | 0 | ||
Moore Ranch Project [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 10 years | |||
Mineral Properties, Gross | $ 4,972 | 0 | ||
Antelope Project [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 10 years | |||
Mineral Properties, Gross | $ 29,855 | 0 | ||
Gas Hills Project [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 10 years | |||
Mineral Properties, Gross | $ 980 | 0 | ||
Nine Mile Project [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 10 years | |||
Mineral Properties, Gross | $ 954 | 0 | ||
Charlie Project [Member] | ||||
Mineral Leases and Surface Use Agreements, Term (Year) | 10 years | |||
Mineral Properties, Gross | $ 905 | 0 | ||
Charlie Project [Member] | Minimum [Member] | ||||
Mineral Leases and Surface Use Royalty Interest, Term (Year) | 5 years | |||
Charlie Project [Member] | Maximum [Member] | ||||
Mineral Leases and Surface Use Royalty Interest, Term (Year) | 20 years | |||
Diabase Project Addition [Member] | ||||
Number of Mineral Claims | 10 | |||
Net Consideration, Mineral Resources | $ 435 | |||
Stock Issued During Period, Shares, for Mineral Properties (in shares) | shares | 111,864 | |||
Stock Issued During Period, Value, for Mineral Properties | $ 426 | |||
Payments to Acquire Mineral Rights | 9 | |||
Diabase Project [Member] | ||||
Mineral Properties, Gross | 982 | 547 | ||
Yuty Project [Member] | ||||
Mineral Properties, Gross | $ 11,947 | 11,947 | ||
Overriding Royalty Per Pound | 0.21 | |||
Oviedo Project [Member] | ||||
Mineral Properties, Gross | $ 1,133 | 1,133 | ||
Percentage of Gross Overriding Royalty | 1.50% | |||
Percentage of Net Smelter Royalty, Right to Acquire | 0.50% | |||
Overriding Royalty, Exclusive Right and Option to Acquire | $ 167 | |||
Percentage of Gross Overriding Royalty, Remaining | 1% | |||
Alto Parana Titanium Project [Member] | ||||
Amount of Royalty Interest Acquired | $ 500 | |||
Mineral Properties, Gross | $ 1,933 | $ 1,433 | ||
Percentage of Gross Overriding Royalty | 1.50% | |||
Percentage of Net Smelter Royalty, Right to Acquire | 0.50% | |||
Overriding Royalty, Exclusive Right and Option to Acquire | $ 500 | |||
Percentage of Royalty Interest Acquired | 0.50% |
Note 6 - Mineral Rights and P_4
Note 6 - Mineral Rights and Properties - Mineral Rights and Property Acquisition Costs (Details) - USD ($) $ in Thousands | Jul. 31, 2022 | Jul. 31, 2021 |
Mineral Properties, Gross | $ 185,877 | $ 67,711 |
Accumulated Depletion | (3,930) | (3,930) |
Mineral Properties Excluding Mineral Rights, Net | 181,947 | 63,781 |
Mineral Properties, Net, Total | 181,948 | 63,784 |
Palangana Mine [Member] | ||
Mineral Properties, Gross | 6,028 | 6,028 |
Goliad Project [Member] | ||
Mineral Properties, Gross | 8,689 | 8,689 |
Burke Hollow Project [Member] | ||
Mineral Properties, Gross | 1,496 | 1,496 |
Anderson Project [Member] | ||
Mineral Properties, Gross | 3,470 | 3,470 |
Workman Creek Project [Member] | ||
Mineral Properties, Gross | 1,000 | 900 |
Reno Creek Project [Member] | ||
Mineral Properties, Gross | 31,528 | 31,528 |
Christensen Ranch Mine [Member] | ||
Mineral Properties, Gross | 39,062 | 0 |
Ludeman Project [Member] | ||
Mineral Properties, Gross | 32,306 | 0 |
Antelope Project [Member] | ||
Mineral Properties, Gross | 29,855 | 0 |
Moore Ranch Project [Member] | ||
Mineral Properties, Gross | 4,972 | 0 |
Irigaray Project [Member] | ||
Mineral Properties, Gross | 1,362 | 0 |
Barge Project [Member] | ||
Mineral Properties, Gross | 3,136 | 0 |
Gas Hills Project [Member] | ||
Mineral Properties, Gross | 980 | 0 |
Nine Mile Project [Member] | ||
Mineral Properties, Gross | 954 | 0 |
Charlie Project [Member] | ||
Mineral Properties, Gross | 905 | 0 |
Diabase Project [Member] | ||
Mineral Properties, Gross | 982 | 547 |
Yuty Project [Member] | ||
Mineral Properties, Gross | 11,947 | 11,947 |
Oviedo Project [Member] | ||
Mineral Properties, Gross | 1,133 | 1,133 |
Alto Parana Titanium Project [Member] | ||
Mineral Properties, Gross | 1,933 | 1,433 |
Other Property Acquisitions [Member] | ||
Mineral Properties, Gross | 4,139 | 540 |
Databases and Land Use Agreements [Member] | ||
Databases and Land Use Agreements | 2,459 | 2,459 |
Accumulated Amortization | (2,458) | (2,456) |
Mineral Rights | 1 | 3 |
Mineral Rights and Properties [Member] | ||
Mineral Properties, Net, Total | $ 181,948 | $ 63,784 |
Note 6 - Mineral Rights and P_5
Note 6 - Mineral Rights and Properties - Mineral Property Expenditures (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2019 | |
Mineral Property Expenditures | $ 10,154 | $ 4,479 | $ 4,582 | $ 4,582 |
Palangana Mine [Member] | ||||
Mineral Property Expenditures | 1,060 | 890 | 1,343 | |
Burke Hollow Project [Member] | ||||
Mineral Property Expenditures | 3,647 | 1,446 | 1,130 | |
Goliad Project [Member] | ||||
Mineral Property Expenditures | 240 | 237 | 190 | |
Anderson Project [Member] | ||||
Mineral Property Expenditures | 108 | 79 | 71 | |
Workman Creek Project [Member] | ||||
Mineral Property Expenditures | 33 | 33 | 33 | |
Reno Creek Project [Member] | ||||
Mineral Property Expenditures | 821 | 672 | 597 | |
Christensen Ranch Mine [Member] | ||||
Mineral Property Expenditures | 1,257 | 0 | 0 | |
Ludeman Project [Member] | ||||
Mineral Property Expenditures | 219 | 0 | 0 | |
Antelope Project [Member] | ||||
Mineral Property Expenditures | 70 | 0 | 0 | |
Moore Ranch Project [Member] | ||||
Mineral Property Expenditures | 143 | 0 | 0 | |
Barge Project [Member] | ||||
Mineral Property Expenditures | 37 | 0 | 0 | |
Yuty Project [Member] | ||||
Mineral Property Expenditures | 86 | 31 | 66 | |
Oviedo Project [Member] | ||||
Mineral Property Expenditures | 619 | 372 | 350 | |
Alto Parana Titanium Project [Member] | ||||
Mineral Property Expenditures | 574 | 199 | 230 | |
Other Property Acquisitions [Member] | ||||
Mineral Property Expenditures | $ 1,240 | $ 520 | $ 572 |
Note 7 - Property, Plant and _3
Note 7 - Property, Plant and Equipment (Details Textual) - U1A Acquisition [Member] $ in Thousands | 12 Months Ended | |
Jul. 31, 2022 USD ($) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment, Total | $ 13,004 | [1] |
Minimum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 3 years | |
Maximum [Member] | ||
Property, Plant and Equipment, Useful Life (Year) | 21 years | |
[1]The fair value of property, plant and equipment was determined using a replacement cost approach. |
Note 7 - Property, Plant and _4
Note 7 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Jul. 31, 2022 | Jul. 31, 2021 |
Cost | $ 26,335 | $ 12,811 |
Accumulated Depreciation | (6,101) | (5,453) |
Net Book Value | 20,234 | 7,358 |
Plant and Processing Facilities [Member] | ||
Cost | 18,964 | 6,643 |
Accumulated Depreciation | (1,306) | (851) |
Net Book Value | 17,658 | 5,792 |
Mining Equipment [Member] | ||
Cost | 2,777 | 2,355 |
Accumulated Depreciation | (2,382) | (2,313) |
Net Book Value | 395 | 42 |
Logging Equipment and Vehicles [Member] | ||
Cost | 2,666 | 1,924 |
Accumulated Depreciation | (1,851) | (1,775) |
Net Book Value | 815 | 149 |
Computer Equipment [Member] | ||
Cost | 360 | 326 |
Accumulated Depreciation | (313) | (284) |
Net Book Value | 47 | 42 |
Furniture and Fixtures [Member] | ||
Cost | 190 | 185 |
Accumulated Depreciation | (177) | (172) |
Net Book Value | 13 | 13 |
Buildings [Member] | ||
Cost | 298 | 298 |
Accumulated Depreciation | (72) | (58) |
Net Book Value | 226 | 240 |
Land [Member] | ||
Cost | 1,080 | 1,080 |
Accumulated Depreciation | 0 | 0 |
Net Book Value | $ 1,080 | $ 1,080 |
Note 8 - Restricted Cash (Detai
Note 8 - Restricted Cash (Details Textual) $ in Thousands | 12 Months Ended |
Jul. 31, 2022 USD ($) | |
Proceeds From Release of Surety Bond Collateral | $ 8,550 |
Note 8 - Restricted Cash - Rest
Note 8 - Restricted Cash - Restricted Cash (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jul. 31, 2022 | Jul. 31, 2021 | |
Balance, beginning of year | $ 2,038 | $ 1,839 |
Restricted cash received from U1A Acquisition | 13,755 | 0 |
(Release) addition of surety bond collateral | (8,550) | 199 |
Interest received | 8 | 0 |
Balance, end of year | $ 7,251 | $ 2,038 |
Note 8 - Restricted Cash - Cash
Note 8 - Restricted Cash - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 |
Cash and cash equivalents | $ 32,536 | $ 44,313 | $ 5,149 |
Restricted cash | 7,251 | 2,038 | 1,839 |
Total cash, cash equivalents and restricted cash | $ 39,787 | $ 46,351 | $ 6,988 |
Note 9 - Equity-accounted Inv_3
Note 9 - Equity-accounted Investment (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Payments to Acquire Equity Method Investments | $ 0 | $ 3,397 | $ 0 |
Gain on Dilution of Ownership Interest | 3,973 | 4,473 | 3,057 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Total | $ (679) | $ 613 | $ (133) |
Uranium Royalty Corp [Member] | |||
Equity Method Investment, Shares Owned (in shares) | 15,000,000 | ||
Equity Method Investment, Ownership Percentage | 15.50% | 18.10% | |
Ownership Interest Percentage, Contingent, Outstanding Options and Warrants Fully Exercised | 13% | ||
Equity Method Investments, Fair Value Disclosure | $ 43,700 | ||
Equity Method Investment, Additional Shares Acquired (in shares) | 1,000,000 | ||
Equity Method Investment, Additional Shares Acquired, Price Per Share (in dollars per share) | $ 4.10 | ||
Payments to Acquire Equity Method Investments | $ 3,397 |
Note 9 - Equity-accounted Inv_4
Note 9 - Equity-accounted Investment - Equity-accounted Investment (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Balance | $ 20,730 | ||
Addition | 0 | $ 3,397 | $ 0 |
Balance | 24,177 | 20,730 | |
Uranium Royalty Corp [Member] | |||
Balance | 20,730 | 11,515 | 8,680 |
Share of income (loss) from URC | 153 | 732 | (89) |
Gain on dilution of ownership interest | 3,973 | 4,473 | 3,057 |
Translation gain (loss) | (679) | 613 | (133) |
Addition | 3,397 | ||
Share of income (loss) from URC | 153 | 732 | (89) |
Balance | $ 24,177 | $ 20,730 | $ 11,515 |
Note 10 - Accounts Payable an_3
Note 10 - Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands | Jul. 31, 2022 | Jul. 31, 2021 |
Trade payables | $ 2,019 | $ 1,301 |
Accrued purchases | 1,497 | 459 |
Accrued payroll liabilities | 3,946 | 418 |
Liabilities assumed from prior acquisitions | 700 | 586 |
Accounts Payable and Accrued Liabilities, Current, Total | $ 8,162 | $ 2,764 |
Note 11 - Long-term Debt (Detai
Note 11 - Long-term Debt (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Repayments of Long-Term Debt, Total | $ 10,000 | $ 10,000 | |
Amortization of Debt Discount (Premium) | 525 | 1,376 | $ 1,670 |
Interest Paid, Including Capitalized Interest, Operating and Investing Activities, Total | 409 | 1,255 | $ 1,627 |
Credit Agreement [Member] | |||
Repayments of Long-Term Debt, Total | 10,000 | ||
Long-Term Debt, Gross | $ 0 | $ 10,000 | |
Third Amended and Restated Credit Agreement [Member] | |||
Stock Issued During Period, Shares, Credit Facility (in shares) | 161,594 | 1,249,039 | 1,743,462 |
Stock Issued During Period, Value, Credit Facility | $ 600 | $ 1,170 | $ 1,400 |
Note 11 - Long-term Debt - Long
Note 11 - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Balance, beginning of year | $ 10,075 | $ 19,869 | |
Amortization of discount and accrued fees | 525 | 1,376 | $ 1,670 |
Payment of anniversary fees | (600) | (1,170) | |
Principal repayment | (10,000) | (10,000) | |
Balance, end of year | $ 0 | $ 10,075 | $ 19,869 |
Note 12 - Asset Retirement Ob_3
Note 12 - Asset Retirement Obligations (Details Textual) - U1A Acquisition [Member] $ in Thousands | 12 Months Ended |
Jul. 31, 2022 USD ($) | |
Asset Retirement Obligation, Obligation Assumed From Acquisition | $ 12,707 |
Minimum [Member] | |
Cash Flow Timing of Remediation and Decommissioning Activities (Year) | 1 year |
Maximum [Member] | |
Cash Flow Timing of Remediation and Decommissioning Activities (Year) | 23 years |
Note 12 - Asset Retirement Ob_4
Note 12 - Asset Retirement Obligations - Change in Asset Retirement Obligation (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jul. 31, 2022 | Jul. 31, 2021 | |
Balance, beginning of year | $ 3,939 | $ 3,735 |
Accretion | 630 | 204 |
Assumed from U1A Acquisition | 12,707 | 0 |
Balance, end of year | $ 17,276 | $ 3,939 |
Note 12 - Asset Retirement Ob_5
Note 12 - Asset Retirement Obligations - Estimated Amounts and Timing of Cash Flows and Assumptions Used for ARO Estimates (Details) | Jul. 31, 2022 | Jul. 31, 2021 |
Measurement Input, Expected Term [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input | 1 | 9 |
Measurement Input, Expected Term [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input | 23 | 21 |
Measurement Input, Inflation Rate [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input | 0.0156 | 0.0156 |
Measurement Input, Inflation Rate [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input | 0.0532 | 0.0217 |
Measurement Input, Discount Rate [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input | 0.0372 | 0.0550 |
Measurement Input, Discount Rate [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input | 0.0635 | 0.0596 |
Note 12 - Asset Retirement Ob_6
Note 12 - Asset Retirement Obligations - Undiscounted Amounts of Estimated Cash Flows for the Next Five Fiscal Years and Beyond (Details) $ in Thousands | Jul. 31, 2022 USD ($) |
Fiscal 2023 | $ 214 |
Fiscal 2024 | 1,300 |
Fiscal 2025 | 1,472 |
Fiscal 2026 | 2,489 |
Fiscal 2027 | 2,509 |
Remaining balance | 20,755 |
Undiscounted Amount of Estimated Cash Flows | $ 28,739 |
Note 13 - Lease Liabilities (De
Note 13 - Lease Liabilities (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Operating Lease, Weighted Average Remaining Lease Term (Year) | 16 years 6 months | 17 years | |
Operating Lease, Weighted Average Discount Rate, Percent | 4.52% | 4.74% | |
Operating Lease, Payments | $ 472 | $ 252 | $ 176 |
Minimum [Member] | |||
Lessee, Operating Lease, Remaining Lease Term (Year) | 1 year | ||
Maximum [Member] | |||
Lessee, Operating Lease, Remaining Lease Term (Year) | 21 years 10 months 24 days |
Note 13 - Lease Liabilities - L
Note 13 - Lease Liabilities - Lease Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Operating Leases | $ 274 | $ 220 | $ 230 |
Short-term Leases | 1,401 | 607 | 445 |
Total Lease Expenses | $ 1,675 | $ 827 | $ 675 |
Note 13 - Lease Liabilities - M
Note 13 - Lease Liabilities - Minimum Future Lease Payments (Details) $ in Thousands | Jul. 31, 2022 USD ($) |
Fiscal 2023 | $ 291 |
Fiscal 2024 | 113 |
Fiscal 2025 | 104 |
Fiscal 2026 | 104 |
Fiscal 2027 | 69 |
Thereafter | 975 |
Total lease payments | 1,656 |
Less: imputed interest | (472) |
Other Liabilities [Member] | |
Present value of lease liabilities | 1,184 |
Other Current Liabilities [Member] | |
Current portion of lease liabilities | 244 |
Other Noncurrent Liabilities [Member] | |
Non-current portion of lease liabilities | $ 940 |
Note 14 - Capital Stock (Detail
Note 14 - Capital Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 2 Months Ended | 12 Months Ended | ||||||
Apr. 08, 2021 | Mar. 19, 2021 | Sep. 23, 2020 | Sep. 28, 2022 | Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2019 | |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in CAD per share) | $ 1.92 | $ 1.90 | $ 2.03 | $ 1.94 | ||||
Share Price (in dollars per share) | $ 0.96 | |||||||
Class of Warrant or Right, Fair Value Per Share (in dollars per share) | $ 0.23 | |||||||
Proceeds from Warrant Exercises | $ 3,325 | $ 3,589 | $ 0 | |||||
Subsequent Event [Member] | ||||||||
Proceeds from Warrant Exercises | $ 6,141 | |||||||
Warrant Issued with September 2020 Offering [Member] | ||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | 1 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in CAD per share) | $ 1.80 | |||||||
Warrants and Rights Outstanding, Term (Month) | 24 months | |||||||
Warrant Issued to Agents [Member] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in CAD per share) | $ 4.125 | $ 1.80 | ||||||
Warrants and Rights Outstanding, Term (Month) | 5 years | 24 months | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 181,818 | 583,333 | ||||||
Class of Warrant or Right, Fair Value Per Share (in dollars per share) | $ 1.80 | |||||||
September 2020 Offering [Member] | ||||||||
Number of Units Issued During Period (in shares) | 12,500,000 | |||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.20 | |||||||
Proceeds from Issuance or Sale of Equity, Total | $ 15,000 | |||||||
Number of Shares per Unit Issued (in shares) | 1 | |||||||
Number of Warrants per Unit (in shares) | 0.5 | |||||||
The 2020 At-the-market Offering [Member] | ||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 13,668,906 | |||||||
Proceeds from Issuance of Common Stock, Net | $ 29,321 | |||||||
Direct Offering [Member] | ||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 3,636,364 | 10,000,000 | ||||||
Proceeds from Issuance of Common Stock, Net | $ 11,316 | $ 29,084 | ||||||
The 2021 At-the-market Offerings [Member] | ||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 47,507,536 | 2,265,700 | ||||||
Proceeds from Issuance of Common Stock, Net | $ 163,814 | $ 6,157 | ||||||
The 2021 At-the-market Offerings [Member] | Subsequent Event [Member] | ||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 3,510,100 | |||||||
Proceeds from Issuance of Common Stock, Net | $ 14,808 |
Note 14 - Capital Stock - Warra
Note 14 - Capital Stock - Warrants Assumptions (Details) | Jul. 31, 2022 yr | Apr. 08, 2021 yr |
Warrant Issued with September 2020 Offering [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Warrants, measurement input | 0.0014 | |
Warrant Issued with September 2020 Offering [Member] | Measurement Input, Price Volatility [Member] | ||
Warrants, measurement input | 0.7681 | |
Warrant Issued with September 2020 Offering [Member] | Measurement Input, Expected Term [Member] | ||
Warrants, measurement input | 2 | |
Warrant Issued with September 2020 Offering [Member] | Measurement Input, Expected Dividend Rate [Member] | ||
Warrants, measurement input | 0 | |
Warrant Issued to Agents [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Warrants, measurement input | 0.0085 | |
Warrant Issued to Agents [Member] | Measurement Input, Price Volatility [Member] | ||
Warrants, measurement input | 0.7217 | |
Warrant Issued to Agents [Member] | Measurement Input, Expected Term [Member] | ||
Warrants, measurement input | 5 | |
Warrant Issued to Agents [Member] | Measurement Input, Expected Dividend Rate [Member] | ||
Warrants, measurement input | 0 |
Note 14 - Capital Stock - Net P
Note 14 - Capital Stock - Net Proceeds Allocation (Details) - September 2020 Offering [Member] $ in Thousands | Sep. 23, 2020 USD ($) |
Fair Value of Shares | $ 13,446 |
Proceeds from Issuance or Sale of Equity, Total | 15,000 |
Share Issuance Costs - Cash | (878) |
Net Cash Proceeds Received | 14,122 |
Proceeds from Issuance or Sale of Equity, Net | 14,122 |
Warrant Issued with September 2020 Offering [Member] | |
Fair Value of Share Purchase Warrants | 1,446 |
Share Purchase Warrants | 1,519 |
Common Stock [Member] | |
Fair Value of Shares | 12,000 |
Shares | $ 12,603 |
Note 14 - Capital Stock - Conti
Note 14 - Capital Stock - Continuity Schedule of Outstanding Share Purchase Warrants (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Balance, Number of Warrants (in shares) | 5,387,323 | 7,721,981 | 19,443,910 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.90 | $ 2.03 | $ 1.94 |
Issued, Number of Warrants (in shares) | 300,000 | ||
Issued, Weighted Average Exercise Price (in dollars per share) | $ 1.38 | ||
Expired, Number of Warrants (in shares) | (1,109,304) | (12,021,929) | |
Expired, Weighted Average Exercise Price (in dollars per share) | $ 1.87 | $ 1.87 | |
Exercised, Number of Warrants (in shares) | (1,771,869) | (8,240,505) | |
Exercised, Weighted Average Exercise Price (in dollars per share) | $ 1.88 | $ 1.99 | |
Balance, Number of Warrants (in shares) | 3,615,454 | 5,387,323 | 7,721,981 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.92 | $ 1.90 | $ 2.03 |
September 2020 Offering [Member] | |||
Issued, Number of Warrants (in shares) | 6,833,333 | ||
Issued, Weighted Average Exercise Price (in dollars per share) | $ 1.80 | ||
April 2021 Offering [Member] | |||
Issued, Number of Warrants (in shares) | 181,818 | ||
Issued, Weighted Average Exercise Price (in dollars per share) | $ 4.13 |
Note 14 - Capital Stock - War_2
Note 14 - Capital Stock - Warrants Outstanding and Exercisable (Details) - $ / shares | 12 Months Ended | |||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2019 | |
Weighted Average Exercise Price (in dollars per share) | $ 1.92 | $ 1.90 | $ 2.03 | $ 1.94 |
Number of Warrants Outstanding (in shares) | 3,615,454 | 5,387,323 | 7,721,981 | 19,443,910 |
Weighted Average Remaining Contractual Life (Year) | 3 months 29 days | |||
Warrants 1 [Member] | ||||
Weighted Average Exercise Price (in dollars per share) | $ 1.80 | |||
Number of Warrants Outstanding (in shares) | 3,408,636 | |||
Weighted Average Remaining Contractual Life (Year) | 1 month 24 days | |||
Warrants 2 [Member] | ||||
Weighted Average Exercise Price (in dollars per share) | $ 1.64 | |||
Number of Warrants Outstanding (in shares) | 25,000 | |||
Weighted Average Remaining Contractual Life (Year) | 9 months 18 days | |||
Warrants 3 [Member] | ||||
Weighted Average Exercise Price (in dollars per share) | $ 4.13 | |||
Number of Warrants Outstanding (in shares) | 181,818 | |||
Weighted Average Remaining Contractual Life (Year) | 3 years 8 months 4 days |
Note 15 - Stock-based Compens_3
Note 15 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2019 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 1,279,692 | 959,588 | 6,163,900 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $ 23,292 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | 20,469 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Unvested in Period, Intrinsic Value | 2,823 | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 3,196 | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 2 months 1 day | |||
Share-Based Payment Arrangement, Option [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 1,279,692 | 959,588 | 4,838,900 | |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Month) | 24 months | |||
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 (Month) | 3 months | |||
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 (Month) | 6 months | |||
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 (Month) | 12 months | 18 months | 24 months | |
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche Three [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25% | |||
Performance Stock Option [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 1,325,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Month) | 3 years | |||
Performance Stock Option [Member] | Share-Based Payment Arrangement, Tranche One [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 33.33% | |||
Restricted Stock Units (RSUs) [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Month) | 3 years | 3 years | 3 years | |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 1,749 | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 10 months 6 days | |||
Share-Based Payment Arrangement, Expense | $ 780 | $ 1,060 | $ 309 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 346,790 | 407,617 | 1,305,000 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 508,368 | 1,025,005 | 155,000 | |
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 | 33.33% | 33.33% | 50% | |
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 | 16.67% | |||
Performance-based Restriced Stock Units [Member] | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 981 | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 4 months 28 days | |||
Share-Based Payment Arrangement, Expense | $ 293 | $ 156 | $ 274 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 241,632 | 492,950 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares) | 445,000 | 222,500 | 90,001 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year) | 3 years | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Settled in Period (in shares) | 757,501 | |||
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture, Total (in shares) | 361,122 | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period (in shares) | 396,379 | 132,499 | ||
Performance-based Restriced Stock Units [Member] | Global X Uranium ETF [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Settled in Period (in shares) | 757,501 | |||
Performance-based Restriced Stock Units [Member] | Minimum [Member] | ||||
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Eligible to Vest | 0% | |||
Performance-based Restriced Stock Units [Member] | Maximum [Member] | ||||
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Eligible to Vest | 200% | |||
The 2020 Stock Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 0 | |||
The 2020 Stock Incentive Plan [Member] | Performance-based Restriced Stock Units [Member] | ||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 120,816 | 246,475 |
Note 15 - Stock-based Compens_4
Note 15 - Stock-based Compensation - Summary of Stock Options Assumptions (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Granted, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.45 | $ 1.30 | $ 0.45 |
Share-Based Payment Arrangement, Option [Member] | |||
Expected Risk Free Interest Rate | 2.73% | 0.70% | 0.40% |
Expected Volatility | 78.75% | 72.57% | 60.48% |
Expected Life in Years (Year) | 4 years 11 months 15 days | 5 years | 4 years 11 months 4 days |
Expected Dividend Yield | 0% | 0% | 0% |
Granted, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.45 | $ 1.30 | $ 0.45 |
Note 15 - Stock-based Compens_5
Note 15 - Stock-based Compensation - Schedule of Outstanding Stock Options (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Balance, number of stock options (in shares) | 10,404,333 | 15,514,750 | 15,738,350 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.21 | $ 1.13 | $ 1.30 |
Granted, number of stock options (in shares) | 1,279,692 | 959,588 | 6,163,900 |
Granted, Weighted Average Exercise Price (in dollars per share) | $ 3.80 | $ 2.21 | $ 0.95 |
Cancelled/Forfeited, number of stock options (in shares) | (179,344) | ||
Cancelled/Forfeited, Weighted Average Exercise Price (in dollars per share) | $ 1.02 | ||
Expired, number of stock options (in shares) | (75,000) | (1,365,000) | (6,208,156) |
Expired, Weighted Average Exercise Price (in dollars per share) | $ 2.50 | $ 1.48 | $ 1.39 |
Exercised, number of stock options (in shares) | (2,728,498) | (4,705,005) | 0 |
Exercised Options, Weighted Average Exercise Price (in dollars per share) | $ 1.17 | $ 1.09 | |
Exercised, number of stock options (in shares) | (2,728,498) | (4,705,005) | 0 |
Balance, number of stock options (in shares) | 8,880,527 | 10,404,333 | 15,514,750 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.58 | $ 1.21 | $ 1.13 |
Note 15 - Stock-based Compens_6
Note 15 - Stock-based Compensation - Number of Shares Issued and Cash Received upon Exercise of the Stock Options (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Number of Options Exercised on Cash Basis (in shares) | 872,580 | 1,734,127 | 0 |
Number of Options Exercised on Forfeiture Basis (in shares) | 1,855,918 | 2,970,878 | 0 |
Total Number of Options Exercised (in shares) | 2,728,498 | 4,705,005 | 0 |
Number of Shares Issued on Cash Exercise (in shares) | 872,580 | 1,734,127 | 0 |
Number of Shares Issued on Forfeiture Basis (in shares) | 1,279,515 | 1,592,128 | 0 |
Total Number of Shares Issued Upon Exercise of Options (in shares) | 2,152,095 | 3,326,255 | 0 |
Cash Received from Exercise of Stock Options | $ 934 | $ 1,916 | $ 0 |
Total Intrinsic Value of Options Exercised | $ 8,336 | $ 6,882 | $ 0 |
Note 15 - Stock-based Compens_7
Note 15 - Stock-based Compensation - Schedule of Outstanding Unvested Stock Options (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Nonvested balance (in shares) | 3,891,207 | 6,797,471 | 3,310,600 |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.66 | $ 0.46 | $ 0.59 |
Granted, number of stock options (in shares) | 1,279,692 | 959,588 | 6,163,900 |
Granted, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.45 | $ 1.30 | $ 0.45 |
Vested (in shares) | (2,984,745) | (3,865,852) | (2,590,154) |
Vested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.59 | $ 0.47 | $ 0.60 |
Cancelled/Forfeited (in shares) | (86,875) | ||
Cancelled/Forfeited, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 0.43 | ||
Nonvested balance (in shares) | 2,186,154 | 3,891,207 | 6,797,471 |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 1.79 | $ 0.66 | $ 0.46 |
Note 15 - Stock-based Compens_8
Note 15 - Stock-based Compensation - Summary of Stock Options Outstanding and Exercisable (Details) - $ / shares | 12 Months Ended | |||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2019 | |
Options Outstanding Outstanding (in shares) | 8,880,527 | 10,404,333 | 15,514,750 | 15,738,350 |
Options Outstanding Weighted Average Exercise Price (in dollars per share) | $ 1.58 | $ 1.21 | $ 1.13 | $ 1.30 |
Options Outstanding Weighted Average Remaining Contractual Term (Year) | 6 years 11 months 23 days | |||
Options Exercisable (in shares) | 6,694,373 | |||
Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ 1.14 | |||
Options Exercisable Weighted Average Remaining Contractual Term (Year) | 6 years 3 months | |||
Exercise Price Range 1 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 0.80 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 0.99 | |||
Options Outstanding Outstanding (in shares) | 3,968,499 | |||
Options Outstanding Weighted Average Exercise Price (in dollars per share) | $ 0.92 | |||
Options Outstanding Weighted Average Remaining Contractual Term (Year) | 7 years 6 months 18 days | |||
Options Exercisable (in shares) | 3,968,499 | |||
Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ 0.92 | |||
Options Exercisable Weighted Average Remaining Contractual Term (Year) | 7 years 6 months 18 days | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 0.80 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | 0.99 | |||
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) | $ 1.99 | |||
Options Outstanding Outstanding (in shares) | 2,738,875 | |||
Options Outstanding Weighted Average Exercise Price (in dollars per share) | $ 1.29 | |||
Options Outstanding Weighted Average Remaining Contractual Term (Year) | 4 years 2 months 23 days | |||
Options Exercisable (in shares) | 2,297,207 | |||
Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ 1.32 | |||
Options Exercisable Weighted Average Remaining Contractual Term (Year) | 3 years 6 months 7 days | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 1 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | 1.99 | |||
Exercise Price Range 3 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | 2 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 2.99 | |||
Options Outstanding Outstanding (in shares) | 903,461 | |||
Options Outstanding Weighted Average Exercise Price (in dollars per share) | $ 2.22 | |||
Options Outstanding Weighted Average Remaining Contractual Term (Year) | 8 years 11 months 12 days | |||
Options Exercisable (in shares) | 416,167 | |||
Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ 2.22 | |||
Options Exercisable Weighted Average Remaining Contractual Term (Year) | 8 years 11 months 8 days | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 2 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | 2.99 | |||
Exercise Price Range 4 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | 3 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 3.98 | |||
Options Outstanding Outstanding (in shares) | 1,269,692 | |||
Options Outstanding Weighted Average Exercise Price (in dollars per share) | $ 3.80 | |||
Options Outstanding Weighted Average Remaining Contractual Term (Year) | 9 years 9 months | |||
Options Exercisable (in shares) | 12,500 | |||
Options Exercisable Weighted Average Exercise Price (in dollars per share) | $ 3.18 | |||
Options Exercisable Weighted Average Remaining Contractual Term (Year) | 4 years 10 months 28 days | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 3 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 3.98 |
Note 15 - Stock-based Compens_9
Note 15 - Stock-based Compensation - Schedule of Outstanding RSUs (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Balance, number of restricted stock units (in shares) | 997,612 | 1,615,000 | 465,000 |
Balance, weighted average grant date fair value (in dollars per share) | $ 1.42 | $ 0.92 | $ 0.94 |
Granted, number of restricted stock units (in shares) | 346,790 | 407,617 | 1,305,000 |
Granted, weighted average grant date fair value (in dollars per share) | $ 4.03 | $ 2.15 | $ 0.91 |
Vested, number of restricted stock units (in shares) | (508,368) | (1,025,005) | (155,000) |
Vested, weighted average grant date fair value (in dollars per share) | $ 1.25 | $ 0.91 | $ 0.94 |
Balance, number of restricted stock units (in shares) | 836,034 | 997,612 | 1,615,000 |
Balance, weighted average grant date fair value (in dollars per share) | $ 2.61 | $ 1.42 | $ 0.92 |
Note 15 - Stock-based Compen_10
Note 15 - Stock-based Compensation - Summary of Outstanding Unvested RSUs (Details) - Restricted Stock Units (RSUs) [Member] - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||
Jun. 30, 2022 | Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2019 | |
Number of Restricted Stock Units (in shares) | 836,034 | 836,034 | 997,612 | 1,615,000 | 465,000 |
Grant Date Fair Value (in dollars per share) | $ 2.61 | $ 2.61 | $ 1.42 | $ 0.92 | $ 0.94 |
Remaining Life (Year) | 2 years 1 month 13 days | ||||
Aggregate Intrinsic Value | $ 3,510 | ||||
July 30, 2019 [Member] | |||||
Number of Restricted Stock Units (in shares) | 217,498 | ||||
Grant Date Fair Value (in dollars per share) | $ 0.91 | ||||
Remaining Life (Year) | 11 months 15 days | ||||
Aggregate Intrinsic Value | $ 913 | ||||
July 16, 2020 [Member] | |||||
Number of Restricted Stock Units (in shares) | 271,746 | ||||
Grant Date Fair Value (in dollars per share) | $ 2.15 | ||||
Remaining Life (Year) | 1 year 11 months 23 days | ||||
Aggregate Intrinsic Value | $ 1,141 | ||||
July 21, 2021 [Member] | |||||
Number of Restricted Stock Units (in shares) | 58,824 | ||||
Grant Date Fair Value (in dollars per share) | $ 4.25 | ||||
Remaining Life (Year) | 2 years 9 months | ||||
Aggregate Intrinsic Value | $ 247 | ||||
July 29, 2022 [Member] | |||||
Number of Restricted Stock Units (in shares) | 287,966 | ||||
Grant Date Fair Value (in dollars per share) | $ 3.98 | ||||
Remaining Life (Year) | 3 years | ||||
Aggregate Intrinsic Value | $ 1,209 |
Note 15 - Stock-based Compen_11
Note 15 - Stock-based Compensation - Forfeited as Payment of Tax Withhold (Details) - Restricted Stock Units (RSUs) [Member] - shares | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Number of RSUs vested (in shares) | 508,368 | 1,025,005 | 155,000 |
Number of net RSU shares issued (in shares) | 267,681 | 536,361 | 105,844 |
Number of RSU shares forfeited as payments of withholding amount (in shares) | 240,687 | 488,644 | 49,156 |
Note 15 - Stock-based Compen_12
Note 15 - Stock-based Compensation - Performance Based Restricted Stock Units Assumptions (Details) - Performance-based Restriced Stock Units [Member] - $ / shares | 12 Months Ended | |
Jul. 31, 2022 | Jul. 31, 2021 | |
Expected Risk Free Interest Rate | 2.80% | 0.39% |
Expected Volatility | 90.90% | 78.03% |
Expected Dividend Yield | 0% | 0% |
Expected Life in Years (Year) | 3 years | 3 years |
Correlation | 76.89% | 66.02% |
Grant Price (in dollars per share) | $ 3.98 | $ 2.15 |
Grant Date Fair Value (in dollars per share) | $ 4.80 | $ 2.48 |
Note 15 - Stock-based Compen_13
Note 15 - Stock-based Compensation - Schedule of Unvested Performance Restricted Stock Options (Details) - Performance-based Restriced Stock Units [Member] - $ / shares | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Balance, number of restricted stock units (in shares) | 1,250,451 | 757,501 | 890,000 |
Balance, weighted average grant date fair value (in dollars per share) | $ 1.67 | $ 1.15 | $ 1.15 |
Forfeited, number of unvested PRSUs (in shares) | (396,379) | (132,499) | |
Forfeited, Weighted Average Grant Date Fair Value (in dollars per share) | $ 1.15 | ||
Granted, number of restricted stock units (in shares) | 241,632 | 492,950 | |
Granted, weighted average grant date fair value (in dollars per share) | $ 4.80 | $ 2.48 | |
Granted, Weighted Average Grant Date Fair Value (in dollars per share) | $ 4.80 | $ 2.48 | |
Vested, number of unvested PRSUs (in shares) | (757,501) | ||
Vested, weighted average grant date fair value (in dollars per share) | $ 1.15 | ||
Balance, number of restricted stock units (in shares) | 734,582 | 1,250,451 | 757,501 |
Balance, weighted average grant date fair value (in dollars per share) | $ 3.24 | $ 1.67 | $ 1.15 |
Note 15 - Stock-based Compen_14
Note 15 - Stock-based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Share-Based Payment Arrangement, Noncash Expense, Total | $ 4,681 | $ 5,471 | $ 3,493 |
Common stock issued | 1,478 | 1,594 | 1,123 |
Settlement of share issuance obligation | 0 | 0 | (15) |
Share-Based Payment Arrangement, Employee [Member] | |||
Amortization of expenses | 960 | 982 | 640 |
Share-Based Payment Arrangement, Noncash Expense, Total | 2,185 | 2,182 | 1,275 |
Common stock issued | 1,187 | 1,200 | 635 |
Amortization of RSU expenses | 38 | 0 | 0 |
Consultants [Member] | |||
Common stock issued to consultants | 770 | 877 | 540 |
Amortization of expenses | 220 | 288 | 240 |
Share-Based Payment Arrangement, Noncash Expense, Total | 990 | 1,165 | 780 |
Management [Member] | |||
Amortization of expenses | 471 | 774 | 645 |
Share-Based Payment Arrangement, Noncash Expense, Total | 1,506 | 2,124 | 1,453 |
Common stock issued | 0 | 135 | 225 |
Management [Member] | Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PRSUs) [Member] | |||
Amortization of expenses | $ 1,035 | $ 1,215 | $ 583 |
Note 16 - Sales and Service R_3
Note 16 - Sales and Service Revenue and Cost of Sales and Services (Details Textual) GT in Thousands, $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 USD ($) lb | Jul. 31, 2021 USD ($) GT | Jul. 31, 2020 USD ($) GT | |
Revenues, Total | $ 23,161 | $ 0 | $ 0 |
Sale of Inventory [Member] | |||
Revenues, Total | $ 22,946 | $ 0 | $ 0 |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Sale of Inventory [Member] | Customer A [Member] | |||
Concentration Risk, Percentage | 57% | ||
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Sale of Inventory [Member] | Customer B [Member] | |||
Concentration Risk, Percentage | 43% | ||
Uranium Inventory [Member] | |||
Revenues, Total | $ 22,946 | ||
Inventory, Sold During Period, Mass (Pound) | lb | 500,000 | ||
Toll Processing Services [Member] | |||
Revenues, Total | $ 215 | ||
Inventory, Sold During Period, Mass (Pound) | GT | 0 | 0 |
Note 16 - Sales and Service R_4
Note 16 - Sales and Service Revenue and Cost of Sales and Services - Sales and Service Revenue and Cost of Sales and Service Renue (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
SALES AND SERVICE REVENUE | $ 23,161 | $ 0 | $ 0 |
COST OF SALES AND SERVICES | (15,868) | 0 | 0 |
Sale of Inventory [Member] | |||
SALES AND SERVICE REVENUE | 22,946 | 0 | 0 |
COST OF SALES AND SERVICES | (15,689) | 0 | 0 |
Toll Processing Services [Member] | |||
SALES AND SERVICE REVENUE | 215 | 0 | 0 |
COST OF SALES AND SERVICES | $ (179) | $ 0 | $ 0 |
Note 17 - Unrealized Loss on _3
Note 17 - Unrealized Loss on Equity Securities - Black-Sholes Valuation Model (Details) | Jul. 31, 2022 |
Measurement Input, Risk Free Interest Rate [Member] | |
Equity securities, measurement input | 0.0259 |
Measurement Input, Price Volatility [Member] | |
Equity securities, measurement input | 0.6476 |
Measurement Input, Expected Term [Member] | |
Equity securities, measurement input | 0.0478 |
Measurement Input, Discount Rate [Member] | |
Equity securities, measurement input | 0 |
Note 17 - Unrealized Loss on _4
Note 17 - Unrealized Loss on Equity Securities - Unrealized loss (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | |
Unrealized gain (loss) from investment | $ (1,898) | $ 0 | $ 0 |
Anfield Common Shares [Member] | |||
Unrealized gain (loss) from investment | (1,925) | ||
Anfield Warrant [Member] | |||
Unrealized gain (loss) from investment | (1,105) | ||
UEX Shares [Member] | |||
Unrealized gain (loss) from investment | $ 1,132 |
Note 18 - Income (Loss) Per Sha
Note 18 - Income (Loss) Per Share - Weighted Average Number of Shares Used in the Calculation of the Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||||
Jul. 31, 2022 | Jun. 30, 2022 | Jul. 31, 2021 | Jun. 30, 2021 | Jul. 31, 2020 | Jun. 30, 2020 | |
Net Income (Loss) for the Year | $ 5,252 | $ 5,252 | $ (14,813) | $ (14,813) | $ (14,610) | $ (14,610) |
Basic Weighted Average Number of Shares (in shares) | 271,019,472 | 271,019,472 | 210,295,992 | 210,295,992 | 183,041,766 | 183,041,766 |
Dilutive Effect of Stock Awards and Warrants (in shares) | 9,082,601 | 0 | 0 | |||
Diluted Weighted Average Number of Shares (in shares) | 280,102,073 | 210,295,992 | 183,041,766 | |||
Net Income (Loss) Per Share - Basic (in dollars per share) | $ 0.02 | $ 0.02 | $ (0.07) | $ (0.07) | $ (0.08) | $ (0.08) |
Net Income (Loss) Per Share - Diluted (in dollars per share) | $ 0.02 | $ 0.02 | $ (0.07) | $ (0.07) | $ (0.08) | $ (0.08) |
Note 19 - Income Taxes (Details
Note 19 - Income Taxes (Details Textual) $ in Thousands, $ in Millions | 12 Months Ended | |||
Jul. 31, 2022 USD ($) | Jul. 31, 2022 CAD ($) | Jul. 31, 2021 USD ($) | Jul. 31, 2021 CAD ($) | |
Current Tax Expense (Benefit) | $ 0 | |||
Percentage of Valuation Allowance Recorded from Income Taxes | 100% | |||
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||||
Operating Loss Carryforwards | $ 199,000 | $ 4.5 | $ 95,900 | $ 5.5 |
Note 19 - Income Taxes - Reconc
Note 19 - Income Taxes - Reconciliation of Income Tax (Details) | 12 Months Ended | |||||
Jul. 31, 2022 | Jun. 30, 2022 | Jul. 31, 2021 | Jun. 30, 2021 | Jul. 31, 2020 | Jun. 30, 2020 | |
Federal income tax provision rate | 21% | 21% | 21% | |||
State income tax provision rate, net of federal income tax effect | 2.95% | 0.83% | 0.72% | |||
Total income tax provision rate | 23.95% | 23.95% | 21.83% | 21.83% | 21.72% | 21.72% |
Note 19 - Income Taxes - Compon
Note 19 - Income Taxes - Components of Income Tax Provision (Details) - USD ($) $ in Thousands | 12 Months Ended | |||||
Jul. 31, 2022 | Jun. 30, 2022 | Jul. 31, 2021 | Jun. 30, 2021 | Jul. 31, 2020 | Jun. 30, 2020 | |
Income (Loss) before income taxes | $ 5,247 | $ (14,817) | $ (14,616) | |||
Corporate tax rate | 23.95% | 23.95% | 21.83% | 21.83% | 21.72% | 21.72% |
Expected tax expense (recovery) | $ 1,257 | $ (3,235) | $ (3,175) | |||
Foreign tax rate differences | 158 | 77 | 86 | |||
Permanent differences | (326) | (217) | 170 | |||
Prior year true-up | 6 | (270) | 118 | |||
Change in state tax rate | (460) | (406) | (553) | |||
Foreign exchange rate differences | (4) | (56) | 17 | |||
Other | 188 | 163 | 72 | |||
Change in valuation allowance | (824) | 3,940 | 3,233 | |||
Tax adjustment from operations | (5) | (4) | (32) | |||
Unrealized loss, other comprehensive loss | 0 | 0 | 26 | |||
Deferred tax benefits | $ (5) | $ (5) | $ (4) | $ (4) | $ (6) | $ (6) |
Note 19 - Income Taxes - Comp_2
Note 19 - Income Taxes - Components of Income (Loss) from Operations Before Income Taxes, by Tax Jurisdiction (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2019 | |
Income (loss) from operations before income taxes | $ 5,247 | $ (14,817) | $ (14,616) | $ (14,616) |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||||
Income (loss) from operations before income taxes | 6,054 | (14,297) | (13,962) | |
Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||||
Income (loss) from operations before income taxes | 268 | 94 | 54 | |
Foreign Tax Authority [Member] | Tax Administration of Paraguay [Member] | ||||
Income (loss) from operations before income taxes | $ (1,075) | $ (614) | $ (708) |
Note 19 - Income Taxes - Deferr
Note 19 - Income Taxes - Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands | Jul. 31, 2022 | Jul. 31, 2021 |
Mineral properties | $ 1,401 | $ 1,277 |
Exploration costs | 1,875 | 6,547 |
Stock option expense | 4,651 | 4,623 |
Depreciable property | 1,078 | (1,163) |
Inventories | (3,955) | (3,608) |
Asset retirement obligations | 2,924 | 107 |
Other | 654 | 81 |
Section 163(j) interest expense carry forwards | 2,040 | 1,061 |
Loss carry forwards | 70,162 | 49,988 |
Deferred Tax Assets, Gross, Total | 80,830 | 58,913 |
Valuation allowance | (80,454) | (58,913) |
Deferred tax assets | 0 | 0 |
Deferred tax assets, other comprehensive loss | 0 | 0 |
Mineral properties | (536) | (541) |
Net deferred tax liabilities | $ (536) | $ (541) |
Note 19 - Income Taxes - Net Op
Note 19 - Income Taxes - Net Operating Loss Carry-forwards Expirations (Details) - Jul. 31, 2022 $ in Thousands, $ in Thousands | USD ($) | CAD ($) |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | $ 199,030 | |
Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | $ 4,532 | |
Tax Year 2023 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 1,887 | |
Tax Year 2027 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 6,807 | |
Tax Year 2027 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 183 | |
Tax Year 2024 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 2,035 | |
Tax Year 2028 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 630 | |
Tax Year 2025 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 2,398 | |
Tax Year 2029 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 769 | |
Tax Year 2026 [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 8,461 | |
Tax Year 2030 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 764 | |
Tax Year 2031 [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | 1,206 | |
Remaining [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | $ 177,442 | |
Remaining [Member] | Foreign Tax Authority [Member] | Canada Revenue Agency [Member] | ||
Net Operating Loss Carry-forwards Subject to Expiration | $ 980 |
Note 20 - Segmented Informati_3
Note 20 - Segmented Information (Details Textual) - USD ($) $ in Thousands | Jul. 31, 2022 | Jul. 31, 2021 |
Long-Lived Assets | $ 252,056 | $ 94,496 |
UNITED STATES | ||
Long-Lived Assets | $ 196,137 | |
Percentage of Long Term Assets | 78% |
Note 20 - Segmented Informati_4
Note 20 - Segmented Information - Long-term Assets by Geographic Segments (Details) - USD ($) $ in Thousands | Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 |
Mineral Rights and Properties | $ 181,948 | $ 63,784 | |
Property, Plant and Equipment | 20,234 | 7,358 | |
Restricted Cash | 7,251 | 2,038 | $ 1,839 |
Equity-Accounted Investment | 24,177 | 20,730 | |
Investment in Equity Securities | 14,834 | 0 | |
Other Non-Current Assets | 3,612 | 586 | |
Total Long-Term Assets | 252,056 | 94,496 | |
United States Texas [Member] | |||
Mineral Rights and Properties | 12,420 | 12,421 | |
Property, Plant and Equipment | 7,068 | 6,646 | |
Restricted Cash | 1,949 | 1,949 | |
Equity-Accounted Investment | 0 | 0 | |
Investment in Equity Securities | 0 | ||
Other Non-Current Assets | 1,447 | 522 | |
Total Long-Term Assets | 22,884 | 21,538 | |
United States Arizona [Member] | |||
Mineral Rights and Properties | 4,727 | 4,627 | |
Property, Plant and Equipment | 0 | 0 | |
Restricted Cash | 15 | 15 | |
Equity-Accounted Investment | 0 | 0 | |
Investment in Equity Securities | 0 | ||
Other Non-Current Assets | 0 | 0 | |
Total Long-Term Assets | 4,742 | 4,642 | |
United States Wyoming [Member] | |||
Mineral Rights and Properties | 148,720 | 31,528 | |
Property, Plant and Equipment | 12,773 | 313 | |
Restricted Cash | 5,287 | 74 | |
Equity-Accounted Investment | 0 | 0 | |
Investment in Equity Securities | 0 | ||
Other Non-Current Assets | 1,646 | 16 | |
Total Long-Term Assets | 168,426 | 31,931 | |
United States Other States [Member] | |||
Mineral Rights and Properties | 85 | 147 | |
Property, Plant and Equipment | 0 | 0 | |
Restricted Cash | 0 | 0 | |
Equity-Accounted Investment | 0 | 0 | |
Investment in Equity Securities | 0 | ||
Other Non-Current Assets | 0 | 0 | |
Total Long-Term Assets | 85 | 147 | |
CANADA | |||
Mineral Rights and Properties | 982 | 547 | |
Property, Plant and Equipment | 26 | 34 | |
Restricted Cash | 0 | 0 | |
Equity-Accounted Investment | 24,177 | 20,730 | |
Investment in Equity Securities | 14,834 | ||
Other Non-Current Assets | 519 | 48 | |
Total Long-Term Assets | 40,538 | 21,359 | |
PARAGUAY | |||
Mineral Rights and Properties | 15,014 | 14,514 | |
Property, Plant and Equipment | 367 | 365 | |
Restricted Cash | 0 | 0 | |
Equity-Accounted Investment | 0 | 0 | |
Investment in Equity Securities | 0 | ||
Other Non-Current Assets | 0 | 0 | |
Total Long-Term Assets | $ 15,381 | $ 14,879 |
Note 20 - Segmented Informati_5
Note 20 - Segmented Information - Operating Results by Geographic Segments (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Jul. 31, 2022 | Jul. 31, 2021 | Jul. 31, 2020 | Jul. 31, 2019 | |
Sales and service revenue | $ 23,161 | $ 0 | $ 0 | |
COST OF SALES AND SERVICES | (15,868) | 0 | 0 | |
Gross profit | 7,293 | 0 | 0 | |
Mineral Property Expenditures | 10,154 | 4,479 | 4,582 | $ 4,582 |
General and administrative | 15,026 | 12,640 | 9,442 | 9,442 |
Acquisition-related costs | 3,444 | 0 | 0 | |
Depreciation, amortization and accretion | 1,379 | 393 | 310 | 310 |
Total operating costs | 30,003 | 17,512 | 14,334 | 14,334 |
Income (loss) from operations | (22,710) | (17,512) | (14,334) | (14,334) |
Other income (expenses) | 27,957 | 2,695 | (282) | (282) |
Income (loss) before income taxes | 5,247 | (14,817) | $ (14,616) | (14,616) |
United States Texas [Member] | ||||
Sales and service revenue | 0 | |||
COST OF SALES AND SERVICES | 0 | |||
Gross profit | 0 | |||
Mineral Property Expenditures | 5,525 | 3,002 | 3,166 | |
General and administrative | 9,817 | 9,596 | 6,983 | |
Acquisition-related costs | 0 | |||
Depreciation, amortization and accretion | 375 | 358 | 274 | |
Total operating costs | 15,717 | 12,956 | 10,423 | |
Income (loss) from operations | (15,717) | (12,956) | (10,423) | |
Other income (expenses) | (1,096) | (2,542) | (3,418) | |
Income (loss) before income taxes | (16,813) | (15,498) | (13,841) | |
United States Arizona [Member] | ||||
Sales and service revenue | 0 | |||
COST OF SALES AND SERVICES | 0 | |||
Gross profit | 0 | |||
Mineral Property Expenditures | 156 | 125 | 104 | |
General and administrative | 15 | 15 | 14 | |
Acquisition-related costs | 0 | |||
Depreciation, amortization and accretion | 0 | 0 | 0 | |
Total operating costs | 171 | 140 | 118 | |
Income (loss) from operations | (171) | (140) | (118) | |
Other income (expenses) | (19) | (19) | (19) | |
Income (loss) before income taxes | (190) | (159) | (137) | |
United States Wyoming [Member] | ||||
Sales and service revenue | 215 | |||
COST OF SALES AND SERVICES | (179) | |||
Gross profit | 36 | |||
Mineral Property Expenditures | 3,117 | 672 | 597 | |
General and administrative | 922 | 86 | 112 | |
Acquisition-related costs | 3,444 | |||
Depreciation, amortization and accretion | 983 | 15 | 15 | |
Total operating costs | 8,466 | 773 | 724 | |
Income (loss) from operations | (8,430) | (773) | (724) | |
Other income (expenses) | 6,074 | (10) | 2 | |
Income (loss) before income taxes | (2,356) | (783) | (722) | |
United States Other States [Member] | ||||
Sales and service revenue | 22,946 | |||
COST OF SALES AND SERVICES | (15,689) | |||
Gross profit | 7,257 | |||
Mineral Property Expenditures | 72 | 69 | 70 | |
General and administrative | 1 | 2 | 2 | |
Acquisition-related costs | 0 | |||
Depreciation, amortization and accretion | 0 | 0 | 1 | |
Total operating costs | 73 | 71 | 73 | |
Income (loss) from operations | 7,184 | (71) | (73) | |
Other income (expenses) | 0 | 0 | 0 | |
Income (loss) before income taxes | 7,184 | (71) | (73) | |
CANADA | ||||
Sales and service revenue | 0 | |||
COST OF SALES AND SERVICES | 0 | |||
Gross profit | 0 | |||
Mineral Property Expenditures | 5 | 8 | 0 | |
General and administrative | 4,226 | 2,894 | 2,272 | |
Acquisition-related costs | 0 | |||
Depreciation, amortization and accretion | 16 | 17 | 12 | |
Total operating costs | 4,247 | 2,919 | 2,284 | |
Income (loss) from operations | (4,247) | (2,919) | (2,284) | |
Other income (expenses) | 22,994 | 5,259 | 3,148 | |
Income (loss) before income taxes | 18,747 | 2,340 | 864 | |
PARAGUAY | ||||
Sales and service revenue | 0 | |||
COST OF SALES AND SERVICES | 0 | |||
Gross profit | 0 | |||
Mineral Property Expenditures | 1,279 | 603 | 645 | |
General and administrative | 45 | 47 | 59 | |
Acquisition-related costs | 0 | |||
Depreciation, amortization and accretion | 5 | 3 | 8 | |
Total operating costs | 1,329 | 653 | 712 | |
Income (loss) from operations | (1,329) | (653) | (712) | |
Other income (expenses) | 4 | 7 | 5 | |
Income (loss) before income taxes | $ (1,325) | $ (646) | $ (707) |
Note 21 - Subsequent Event (Det
Note 21 - Subsequent Event (Details Textual) $ in Thousands | 2 Months Ended | 12 Months Ended | ||
Jun. 21, 2022 USD ($) | Sep. 28, 2022 shares | Jul. 31, 2022 USD ($) shares | Jun. 21, 2022 $ / shares shares | |
UEX Corporation [Member] | ||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 3% | |||
UEX Shares [Member] | ||||
Number of Shares Acquired in Investment in Equity Securities (in shares) | 18,471,907 | |||
Fair Value of Investment in Equity Securities | $ | $ 6,914 | |||
Equity Securities, FV-NI, Unrealized Gain | $ | 1,132 | |||
UEX Corporation [Member] | ||||
Consideration Paid for Investment in Equity Securities | $ | $ 3,867 | $ 1,914 | ||
Number of Shares in Investment in Equity Securities (in shares) | 6,844,000 | |||
UEX Corporation [Member] | Subsequent Event [Member] | ||||
Stock Conversion Rate for An Acquisition | 0.09% | |||
Stock Issued During Period, Shares, Acquisitions (in shares) | 48,518,745 | |||
UEX Corporation [Member] | Private Placement [Member] | ||||
Number of Shares Acquired for An Equity Investment (in shares) | 11,627,907 | |||
Share Price To Acquire Equity Investment (in CAD per share) | $ / shares | $ 0.43 |