Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Apr. 30, 2023 | Jun. 07, 2023 | |
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 | Q3 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Apr. 30, 2023 | |
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 | 500 North Shoreline, Ste. 800 | |
Entity Address, City or Town | Corpus Christi | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 78401 | |
City Area Code | 361 | |
Local Phone Number | 888-8235 | |
Title of 12(b) Security | Common Stock | |
Trading Symbol | UEC | |
Security Exchange Name | NYSEAMER | |
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 | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 377,530,040 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Apr. 30, 2023 | Jul. 31, 2022 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 17,463 | $ 32,536 |
Inventories | 26,637 | 66,570 |
Prepaid expenses and deposits | 2,473 | 2,871 |
Accounts and other receivables | 1,708 | 214 |
TOTAL CURRENT ASSETS | 48,281 | 102,191 |
MINERAL RIGHTS AND PROPERTIES | 559,451 | 181,948 |
PROPERTY, PLANT AND EQUIPMENT | 19,777 | 20,234 |
RESTRICTED CASH | 7,251 | 7,251 |
EQUITY-ACCOUNTED INVESTMENTS | 45,886 | 24,177 |
INVESTMENT IN EQUITY SECURITIES | 38,361 | 14,834 |
OTHER NON-CURRENT ASSETS | 3,141 | 3,612 |
TOTAL ASSETS | 722,148 | 354,247 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 7,983 | 8,162 |
Asset retirement obligations, current | 362 | 0 |
Derivative liabilities | 1,034 | 0 |
Other current liabilities | 216 | 336 |
TOTAL CURRENT LIABILITIES | 9,595 | 8,498 |
ASSET RETIREMENT OBLIGATIONS | 18,265 | 17,276 |
OTHER NON-CURRENT LIABILITIES | 959 | 1,028 |
DERIVATIVE LIABILITIES | 3,218 | 0 |
DEFERRED TAX LIABILITIES | 68,273 | 536 |
TOTAL LIABILITIES | 100,310 | 27,338 |
STOCKHOLDERS’ EQUITY | ||
Common stock $0.001 par value: 750,000,000 shares authorized, 376,547,894 shares issued and outstanding (July 31, 2022 - 289,638,307) | 377 | 289 |
Additional paid-in capital | 921,562 | 613,179 |
Share issuance obligation | 22 | 0 |
Accumulated deficit | (290,197) | (286,373) |
Accumulated other comprehensive loss | (9,926) | (186) |
TOTAL EQUITY | 621,838 | 326,909 |
TOTAL LIABILITIES AND EQUITY | $ 722,148 | $ 354,247 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Apr. 30, 2023 | Jul. 31, 2022 |
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) | 376,547,894 | 289,638,307 |
Common stock, shares outstanding (in shares) | 376,547,894 | 289,638,307 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2023 | Apr. 30, 2022 | Apr. 30, 2023 | Apr. 30, 2022 | |
SALES AND SERVICE REVENUE | $ 20,217 | $ 9,892 | $ 125,440 | $ 23,083 |
COST OF SALES AND SERVICES | (13,998) | (6,555) | (90,793) | (15,803) |
GROSS PROFIT | 6,219 | 3,337 | 34,647 | 7,280 |
OPERATING COSTS | ||||
Mineral property expenditures | 5,452 | 2,912 | 13,650 | 6,678 |
General and administrative | 3,745 | 2,994 | 14,296 | 9,826 |
Acquisition-related costs | 0 | 622 | 0 | 3,267 |
Depreciation, amortization and accretion | 506 | 492 | 1,504 | 993 |
TOTAL OPERATING COSTS | 9,703 | 7,020 | 29,450 | 20,764 |
INCOME (LOSS) FROM OPERATIONS | (3,484) | (3,683) | 5,197 | (13,484) |
OTHER INCOME (EXPENSES) | ||||
Interest expenses and finance costs | (202) | (144) | (596) | (1,242) |
Income (loss) from equity-accounted investments | (900) | 1,959 | (985) | 4,714 |
Debt receivable recovery | 0 | 9,171 | 0 | 9,171 |
Gain (loss) on revaluation of equity securities | (12,649) | 0 | (12,992) | 547 |
Gain on revaluation of derivative liabilities | 5,550 | 0 | 4,651 | 0 |
Other income (expenses) | 155 | 40 | (306) | 87 |
Gain on settlement of liabilities | 235 | 0 | 427 | 0 |
OTHER INCOME (EXPENSES) | (7,811) | 11,026 | (9,801) | 13,277 |
INCOME (LOSS) BEFORE INCOME TAXES | (11,295) | 7,343 | (4,604) | (207) |
DEFERRED TAX RECOVERY | 335 | 1 | 780 | 3 |
NET INCOME (LOSS) FOR THE PERIOD | (10,960) | 7,344 | (3,824) | (204) |
OTHER COMPREHENSIVE LOSS | ||||
Translation loss | (3,589) | (139) | (9,740) | (614) |
TOTAL OTHER COMPREHENSIVE LOSS | (3,589) | (139) | (9,740) | (614) |
TOTAL COMPREHENSIVE INCOME (LOSS) | $ (14,549) | $ 7,205 | $ (13,564) | $ (818) |
NET INCOME (LOSS) PER SHARE | ||||
Net Income (Loss) Per Share - Basic (in dollars per share) | $ (0.03) | $ 0.03 | $ (0.01) | $ 0 |
Net Income (Loss) Per Share - Diluted (in dollars per share) | $ (0.03) | $ 0.03 | $ (0.01) | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, | ||||
Basic Weighted Average Number of Shares (in shares) | 375,759,521 | 281,668,948 | 360,554,427 | 265,709,463 |
Diluted (in shares) | 375,759,521 | 291,760,955 | 360,554,427 | 265,709,463 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Apr. 30, 2023 | Apr. 30, 2022 | |
OPERATING ACTIVITIES | ||
Net Income (loss) for the period | $ (3,824) | $ (204) |
Adjustments to reconcile net loss to cash flows in operating activities | ||
Stock-based compensation | 4,455 | 3,526 |
Depreciation, amortization and accretion | 1,504 | 993 |
Amortization of long-term debt discount | 0 | 525 |
(Income) loss from equity-accounted investment | 985 | (4,714) |
Gain on disposition of assets | (2) | (19) |
Loss (gain) on revaluation of equity securities | 12,992 | (547) |
Gain on revaluation of derivative liabilities | (4,651) | 0 |
Gain on settlement of liabilities | (427) | 0 |
Deferred tax recovery | (780) | (3) |
Debt receivable recovery | 0 | (9,171) |
Changes in operating assets and liabilities | ||
Inventories | 39,933 | (28,047) |
Prepaid expenses and deposits | 838 | (641) |
Accounts and other receivables | (646) | (29) |
Accounts payable and accrued liabilities | (6,598) | 1,287 |
Other liabilities | (1) | 6 |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 43,778 | (37,038) |
FINANCING ACTIVITIES | ||
Proceeds from share issuances, net of issuance costs | 64,853 | 152,750 |
Repayments of long-term debt | 0 | (10,000) |
Repayments of other loans | (66) | (143) |
Cash paid for withholding amounts on option exercise | (147) | 0 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 64,640 | 142,607 |
INVESTING ACTIVITIES | ||
Investment in mineral rights and properties | (51) | (590) |
Capital contribution to equity-accounted investment | (595) | 0 |
Investment in equity securities | (42,219) | (9,433) |
Purchase of property, plant and equipment | (337) | (515) |
Proceeds from sales of equity securities | 0 | 9,980 |
Proceeds from disposition of assets | 2 | 19 |
NET CASH USED IN INVESTING ACTIVITIES | (123,333) | (114,127) |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (14,915) | (8,558) |
FOREIGN EXCHANGE DIFFERENCE ON CASH | (158) | 0 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 39,787 | 46,350 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | 24,714 | 37,792 |
U1A Acquisition [Member] | ||
INVESTING ACTIVITIES | ||
Cash used in acquisition | 0 | (113,588) |
UEX Corporation [Member] | ||
INVESTING ACTIVITIES | ||
Cash used in acquisition | 1,984 | 0 |
Roughrider [Member] | ||
INVESTING ACTIVITIES | ||
Cash used in acquisition | $ (82,117) | $ 0 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | 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, 2021 | 236,796,866 | |||||
Balance at Jul. 31, 2021 | $ 237 | $ 441,991 | $ 360 | $ (291,625) | $ 493 | $ 151,456 |
Issued under ATM offering, net of issuance costs (in shares) | 20,743,878 | |||||
Issued under ATM offering, net of issuance costs | $ 21 | 62,650 | 62,671 | |||
Issued upon exercise of stock options (in shares) | 753,990 | |||||
Issued upon exercise of stock options | $ 1 | 383 | 384 | |||
Issued upon exercise of warrants (in shares) | 491,849 | |||||
Issued upon exercise of warrants | $ 0 | 910 | 910 | |||
Common stock issued for consulting services (in shares) | 4,607 | |||||
Common stock issued for consulting services | $ 0 | 14 | 0 | 14 | ||
Common stock issued under Stock Incentive Plan (in shares) | 141,490 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 355 | 0 | 355 | ||
Amortization of stock-based compensation | 803 | 803 | ||||
Net Income (loss) for the period | $ 0 | 0 | 0 | (2,074) | 0 | (2,074) |
Other comprehensive income (loss) | 143 | 143 | ||||
Issued for acquisition of mineral properties (in shares) | 64,149 | |||||
Issued for acquisition of mineral properties | $ 0 | 219 | 0 | 0 | 0 | 219 |
Balance (in shares) at Oct. 31, 2021 | 258,996,829 | |||||
Balance at Oct. 31, 2021 | $ 259 | 507,325 | 360 | (293,699) | 636 | 214,881 |
Balance (in shares) at Jul. 31, 2021 | 236,796,866 | |||||
Balance at Jul. 31, 2021 | $ 237 | 441,991 | 360 | (291,625) | 493 | $ 151,456 |
Issued upon exercise of stock options (in shares) | 1,947,645 | |||||
Net Income (loss) for the period | $ (204) | |||||
Other comprehensive income (loss) | (614) | |||||
Balance (in shares) at Apr. 30, 2022 | 284,077,874 | |||||
Balance at Apr. 30, 2022 | $ 284 | 598,794 | 394 | (291,829) | (121) | 307,522 |
Balance (in shares) at Oct. 31, 2021 | 258,996,829 | |||||
Balance at Oct. 31, 2021 | $ 259 | 507,325 | 360 | (293,699) | 636 | 214,881 |
Issued under ATM offering, net of issuance costs (in shares) | 17,751,658 | |||||
Issued under ATM offering, net of issuance costs | $ 18 | 67,955 | 0 | 0 | 0 | 67,973 |
Issued upon exercise of stock options (in shares) | 193,345 | |||||
Issued upon exercise of stock options | $ 0 | 63 | 0 | 0 | 0 | 63 |
Issued upon exercise of warrants (in shares) | 572,850 | |||||
Issued upon exercise of warrants | $ 1 | 1,141 | 0 | 0 | 0 | 1,142 |
Common stock issued for consulting services (in shares) | 4,608 | |||||
Common stock issued for consulting services | $ 0 | 17 | 0 | 0 | 0 | 17 |
Common stock issued under Stock Incentive Plan (in shares) | 109,986 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 399 | 0 | 0 | 0 | 399 |
Amortization of stock-based compensation | 0 | 654 | 0 | 0 | 0 | 654 |
Net Income (loss) for the period | 0 | 0 | 0 | (5,474) | 0 | (5,474) |
Other comprehensive income (loss) | $ 0 | 0 | 0 | 0 | (618) | (618) |
Issued for acquisition of mineral properties (in shares) | 47,715 | |||||
Issued for acquisition of mineral properties | $ 0 | 206 | 0 | 0 | 0 | 206 |
Issued as anniversary fees for credit facility (in shares) | 161,594 | |||||
Issued as anniversary fees for credit facility | $ 0 | 600 | 0 | 0 | 0 | 600 |
Balance (in shares) at Jan. 31, 2022 | 277,838,585 | |||||
Balance at Jan. 31, 2022 | $ 278 | 578,360 | 360 | (299,173) | 18 | 279,843 |
Issued under ATM offering, net of issuance costs (in shares) | 4,800,000 | |||||
Issued under ATM offering, net of issuance costs | $ 5 | 18,552 | 0 | 0 | 0 | $ 18,557 |
Issued upon exercise of stock options (in shares) | 1,000,310 | 1,000,310 | ||||
Issued upon exercise of stock options | $ 1 | 403 | 0 | 0 | 0 | $ 404 |
Issued upon exercise of warrants (in shares) | 339,845 | |||||
Issued upon exercise of warrants | $ 0 | 611 | 34 | 0 | 0 | 645 |
Common stock issued for consulting services (in shares) | 2,854 | |||||
Common stock issued for consulting services | $ 0 | 13 | 0 | 0 | 0 | 13 |
Common stock issued under Stock Incentive Plan (in shares) | 96,280 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 344 | 0 | 0 | 0 | 344 |
Amortization of stock-based compensation | 0 | 511 | 0 | 0 | 0 | 511 |
Net Income (loss) for the period | 0 | 0 | 0 | 7,344 | 0 | 7,344 |
Other comprehensive income (loss) | $ 0 | 0 | 0 | 0 | (139) | (139) |
Balance (in shares) at Apr. 30, 2022 | 284,077,874 | |||||
Balance at Apr. 30, 2022 | $ 284 | 598,794 | 394 | (291,829) | (121) | 307,522 |
Balance (in shares) at Jul. 31, 2022 | 289,638,307 | |||||
Balance at Jul. 31, 2022 | $ 289 | 613,179 | 0 | (286,373) | (186) | 326,909 |
Issued for acquisition of UEX and Roughrider (in shares) | 66,324,560 | |||||
Issued for acquisition of UEX and Roughrider | $ 66 | 235,306 | 0 | 0 | 0 | 235,372 |
Issued under ATM offering, net of issuance costs (in shares) | 5,218,890 | |||||
Issued under ATM offering, net of issuance costs | $ 5 | 21,709 | 0 | 0 | 0 | 21,714 |
Issued upon exercise of stock options (in shares) | 1,404,601 | |||||
Issued upon exercise of stock options | $ 2 | 58 | 0 | 0 | 0 | 60 |
Issued upon exercise of warrants (in shares) | 3,410,898 | |||||
Issued upon exercise of warrants | $ 4 | 6,136 | 0 | 0 | 0 | 6,140 |
Common stock issued for consulting services (in shares) | 4,179 | |||||
Common stock issued for consulting services | $ 0 | 17 | 0 | 0 | 0 | 17 |
Common stock issued under Stock Incentive Plan (in shares) | 73,618 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 299 | 0 | 0 | 0 | 299 |
Amortization of stock-based compensation | 0 | 1,426 | 0 | 0 | 0 | 1,426 |
Replacement options issued for acquisition of UEX | 0 | 4,026 | 0 | 0 | 0 | 4,026 |
Net Income (loss) for the period | 0 | 0 | 0 | (3,756) | 0 | (3,756) |
Other comprehensive income (loss) | $ 0 | 0 | 0 | 0 | (10,768) | (10,768) |
Balance (in shares) at Oct. 31, 2022 | 366,075,053 | |||||
Balance at Oct. 31, 2022 | $ 366 | 882,156 | 0 | (290,129) | (10,954) | 581,439 |
Balance (in shares) at Jul. 31, 2022 | 289,638,307 | |||||
Balance at Jul. 31, 2022 | $ 289 | 613,179 | 0 | (286,373) | (186) | 326,909 |
Balance (in shares) at Jan. 31, 2023 | 373,370,417 | |||||
Balance at Jan. 31, 2023 | $ 373 | 909,869 | 0 | (279,237) | (6,337) | 624,668 |
Balance (in shares) at Jul. 31, 2022 | 289,638,307 | |||||
Balance at Jul. 31, 2022 | $ 289 | 613,179 | 0 | (286,373) | (186) | $ 326,909 |
Issued upon exercise of stock options (in shares) | 1,703,596 | |||||
Net Income (loss) for the period | $ (3,824) | |||||
Other comprehensive income (loss) | (9,740) | |||||
Balance (in shares) at Apr. 30, 2023 | 376,547,894 | |||||
Balance at Apr. 30, 2023 | $ 377 | 921,562 | 22 | (290,197) | (9,926) | 621,838 |
Balance (in shares) at Oct. 31, 2022 | 366,075,053 | |||||
Balance at Oct. 31, 2022 | $ 366 | 882,156 | 0 | (290,129) | (10,954) | 581,439 |
Issued under ATM offering, net of issuance costs (in shares) | 7,040,363 | |||||
Issued under ATM offering, net of issuance costs | $ 7 | 26,099 | 0 | 0 | 0 | 26,106 |
Issued upon exercise of stock options (in shares) | 94,302 | |||||
Issued upon exercise of stock options | $ 0 | 0 | 0 | 0 | 0 | 0 |
Issued upon exercise of warrants (in shares) | 45,000 | |||||
Issued upon exercise of warrants | $ 0 | 66 | 0 | 0 | 0 | 66 |
Common stock issued for consulting services (in shares) | 49,228 | |||||
Common stock issued for consulting services | $ 0 | 201 | 0 | 0 | 0 | 201 |
Common stock issued under Stock Incentive Plan (in shares) | 66,471 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 262 | 0 | 0 | 0 | 262 |
Amortization of stock-based compensation | 0 | 1,085 | 0 | 0 | 0 | 1,085 |
Net Income (loss) for the period | 0 | 0 | 0 | 10,892 | 0 | 10,892 |
Other comprehensive income (loss) | $ 0 | 0 | 0 | 0 | 4,617 | 4,617 |
Balance (in shares) at Jan. 31, 2023 | 373,370,417 | |||||
Balance at Jan. 31, 2023 | $ 373 | 909,869 | 0 | (279,237) | (6,337) | 624,668 |
Issued under ATM offering, net of issuance costs (in shares) | 2,912,000 | |||||
Issued under ATM offering, net of issuance costs | $ 4 | 10,595 | 0 | 0 | 0 | $ 10,599 |
Issued upon exercise of stock options (in shares) | 204,693 | 204,693 | ||||
Issued upon exercise of stock options | $ 0 | 0 | 0 | 0 | 0 | $ 0 |
Issued upon exercise of warrants | 0 | 0 | 22 | 0 | 0 | 22 |
Common stock issued for consulting services | $ 0 | 0 | 0 | 0 | 0 | 0 |
Common stock issued under Stock Incentive Plan (in shares) | 60,784 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 211 | 0 | 0 | 0 | 211 |
Amortization of stock-based compensation | 0 | 887 | 0 | 0 | 0 | 887 |
Net Income (loss) for the period | 0 | 0 | 0 | (10,960) | 0 | (10,960) |
Other comprehensive income (loss) | $ 0 | 0 | 0 | 0 | (3,589) | (3,589) |
Balance (in shares) at Apr. 30, 2023 | 376,547,894 | |||||
Balance at Apr. 30, 2023 | $ 377 | $ 921,562 | $ 22 | $ (290,197) | $ (9,926) | $ 621,838 |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 9 Months Ended |
Apr. 30, 2023 | |
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 April 30, 2023, 12 12 Historically, we have been reliant primarily on equity financings from the sale of our common stock and on debt financings 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 | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | NOTE 2: SUMMARY OF SIGNIFICANT POLICIES Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP”) for interim financial information and are presented in U.S. dollars. Accordingly, they do not 10 July 31, 2022 ( 2022” nine April 30, 2023 not may July 31, 2023 ( 2023” 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 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 that 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 |
Note 3 - Acquisition of UEX Cor
Note 3 - Acquisition of UEX Corporation | 9 Months Ended |
Apr. 30, 2023 | |
UEX Acquisition [Member] | |
Notes to Financial Statements | |
Asset Acquisition [Text Block] | NOTE 3: ACQUISITION OF UEX CORPORATION During Fiscal 2022, June 13, 2022, June 21, 2022, CA$0.43 On August 19, 2022, not not In connection with the UEX Acquisition, we also issued 2,301,750 stock options (the “Replacement Options”) and 4,660,580 warrants (the “Replacement Warrants”) to replace the outstanding stock options and warrants of UEX that were outstanding immediately prior to the completion of the UEX Acquisition. The estimated fair value of the Replacement Options in the amount of $4,026 as of August 19, 2022 718 2 Exercise Price in U.S. dollars 1.077 to3.9494 Exercise Price in Canadian dollars CA$1.39 to CA$5.12 Expected Risk Free Interest Rate 2.40% to 3.23 % Expected Volatility 76.01% to 97.53 % Expected Life in Years 0.12 to 1.0 Expected Dividend Yield 0.00 % The estimated fair value of the Replacement Warrants in the amount of $8,903 as of August 19, 2022 815 August 19, 2022 2 Exercise Price in U.S. dollars 1.111 to3.4242 Exercise Price in Canadian dollars CA$1.44 to CA$4.44 Expected Risk Free Interest Rate 3.18% to 3.23 % Expected Volatility 90.98% to 101.52 % Expected Life in Years 0.75 to 2.05 Expected Dividend Yield 0.00 % The UEX Acquisition is accounted for as an acquisition of assets rather than a business as UEX does not 805 The following table summarizes the fair value of the consideration paid, and the fair value of the assets acquired and liabilities assumed, on the closing date of the UEX Acquisition: Consideration paid UEC shares issued $ 171,271 Fair value of UEX shares acquired by UEC before acquisition 5,830 Replacement options issued 4,026 Replacement warrants issued 8,903 Acquisition related costs 2,643 Total consideration $ 192,673 Assets acquired and liabilities assumed Cash and cash equivalents $ 4,627 Prepaid expenses and deposits 159 Accounts receivable 892 Mineral rights and properties 208,008 Equity-accounted investment 24,502 Investment in equity securities 135 Other non-current assets 118 Total assets 238,441 Accounts payable and accrued liabilities 7,080 Other liabilities 111 Asset retirement obligations (Note 11) 211 Deferred tax liabilities 38,366 Total liabilities 45,768 Total net assets $ 192,673 Cash flow on acquisition: Cash acquired with the subsidiary $ 4,627 Acquisition related costs (2,643 ) Acquisition of UEX, net of cash acquired $ 1,984 |
Note 4 - Acquisition of the Rou
Note 4 - Acquisition of the Roughrider Project | 9 Months Ended |
Apr. 30, 2023 | |
Roughrider Acquisition [Member] | |
Notes to Financial Statements | |
Asset Acquisition [Text Block] | NOTE 4: ACQUISITION OF THE ROUGHRIDER PROJECT On October 14, 2022, not 805 The following table summarizes the fair value of the consideration paid, and the fair value of the assets acquired and liabilities assumed, on the closing date of the Roughrider Acquisition: Consideration paid Cash $ 80,000 Fair value of 17,805,815 3.60 64,101 Acquisition related costs 2,117 Total consideration paid $ 146,218 Assets acquired and liabilities assumed Mineral rights and properties $ 178,438 Total assets 178,438 Asset retirement obligations (Note 11) 445 Deferred tax liabilities 31,775 Total liabilities 32,220 Total net assets $ 146,218 Cash flow on acquisition: Cash paid $ (80,000 ) Acquisition related costs (2,117 ) Acquisition of Roughrider $ (82,117 ) |
Note 5 - Inventories
Note 5 - Inventories | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 5: INVENTORIES As at April 30, 2023, July 31, 2022: April 30, 2023 July 31, 2022 Material and supplies $ 214 $ 231 Uranium concentrates from production 178 178 Purchased uranium inventories 26,245 66,161 $ 26,637 $ 66,570 As of April 30, 2023, five Purchase Commitments Purchase Price Fiscal 2023 100,000 $ 3,295 Fiscal 2024 995,000 45,777 Fiscal 2025 600,000 23,120 Fiscal 2026 100,000 3,620 Total 1,795,000 $ 75,812 |
Note 6 - Mineral Rights and Pro
Note 6 - Mineral Rights and Properties | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Mineral Industries Disclosures [Text Block] | NOTE 6: MINERAL RIGHTS AND PROPERTIES Mineral Rights As at April 30, 2023, April 30, 2023, As at April 30, 2023, Costs United States Canada Paraguay Total Balance, July 31, 2022 $ 172,340 $ 982 $ 15,014 $ 188,336 Additions (Note 3 and 4) 50 386,447 - 386,497 Foreign exchange difference - (8,993 ) - (8,993 ) Balance, April 30, 2023 172,390 378,436 15,014 565,840 Accumulated Depletion and Amortization United States Canada Paraguay Total Balance, July 31, 2022 (6,388 ) - - (6,388 ) Additions (1 ) - - (1 ) Balance, April 30, 2023 (6,389 ) - - (6,389 ) Carrying Value Balance, July 31, 2022 $ 165,952 $ 982 $ 15,014 $ 181,948 Balance, April 30, 2023 $ 166,001 $ 378,436 $ 15,014 $ 559,451 |
Note 7 - Property, Plant and Eq
Note 7 - Property, Plant and Equipment | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 7: PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consists of the following: April 30, 2023 July 31, 2022 Cost Accumulated Depreciation Net Book Value Cost Accumulated Net Book Plant and Processing Facilities $ 19,118 $ (1,824 ) $ 17,294 $ 18,964 $ (1,306 ) $ 17,658 Mining Equipment 2,804 (2,457 ) 347 2,777 (2,382 ) 395 Logging Equipment and Vehicles 2,747 (1,946 ) 801 2,666 (1,851 ) 815 Computer Equipment 368 (338 ) 30 360 (313 ) 47 Furniture and Fixtures 190 (179 ) 11 190 (177 ) 13 Buildings 297 (83 ) 214 298 (72 ) 226 Land 1,080 - 1,080 1,080 - 1,080 $ 26,604 $ (6,827 ) $ 19,777 $ 26,335 $ (6,101 ) $ 20,234 |
Note 8 - Equity-Accounted Inves
Note 8 - Equity-Accounted Investment | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | NOTE 8: EQUITY-ACCOUNTED INVESTMENTS As at April 30, 2023, July 31, 2022: two five one three nine April 30, 2023. April 30, 2023, July 31, 2022: As at April 30, 2023, August 19, 2022. We incurred $813 and $1,564 in exploration expenditures on behalf of JCU for the three nine April 30, 2023, April 30, 2023, July 31, 2022: $Nil During the nine April 30, 2023, Balance, July 31, 2022 $ 24,177 Addition from UEX Acquisition - JCU 24,502 Capital contribution to JCU 595 Share of losses (1,609 ) Gain on dilution of ownership interest in URC 624 Foreign exchange difference (2,403 ) Balance, April 30, 2023 $ 45,886 For the three nine April 30, 2023 2022, Three Months Ended April 30, Nine Months Ended April 30, 2023 2022 2023 2022 Share of income (loss) $ (908 ) $ 801 $ (1,609 ) $ 983 Gain on dilution of ownership interest 8 1,158 624 3,731 Total $ (900 ) $ 1,959 $ (985 ) $ 4,714 |
Note 9 - Investments in Equity
Note 9 - Investments in Equity Securities | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 9: INVESTMENTS IN EQUITY SECURITIES On August 19, 2022, 3 July 31, 2022 August 19, 2022 During the nine April 30, 2023, Balance, July 31, 2022 $ 14,834 Transferred as consideration for UEX Acquisition (Note 3) (5,830 ) Acquired from UEX Acquisition (Note 3) 135 Additions 42,219 Loss on revaluation of equity securities (12,992 ) Foreign exchange difference (5 ) Balance, April 30, 2023 $ 38,361 |
Note 10 - Related Party Transac
Note 10 - Related Party Transactions | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 10: RELATED PARTY TRANSACTIONS During the three nine April 30, 2023, three nine April 30, 2022, April 30, 2023, $Nil July 31, 2022: |
Note 11 - Asset Retirement Obli
Note 11 - Asset Retirement Obligations | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Asset Retirement Obligation Disclosure [Text Block] | NOTE 11: ASSET RETIREMENT OBLIGATIONS Asset retirement obligations (“ARO”s) relate to future remediation and decommissioning activities for our plants, processing facilities and various projects, and are summarized as follows: Balance, July 31, 2022 $ 17,276 Accretion 710 Assumed from Roughrider Acquisition (Note 4) 445 Assumed from UEX Acquisition (Note 3) 211 Liabilities settled in cash (6 ) Foreign exchange difference (9 ) Balance, April 30, 2023 18,627 Asset retirement obligations, current 362 Asset retirement obligations, non-current $ 18,265 The estimated amounts and timing of cash flows and assumptions used for ARO estimates are as follows: April 30, 2023 July 31, 2022 Undiscounted amount of estimated cash flows $ 29,212 $ 28,739 Payable in years 1 to 23 1 to 23 Inflation rate 1.56% to 5.32% 1.56% to 5.32% Discount rate 3.72% to 6.35% 3.72% to 6.35% Our undiscounted amounts of estimated cash flows for the next five Fiscal 2023 $ 362 Fiscal 2024 1,300 Fiscal 2025 1,472 Fiscal 2026 2,489 Fiscal 2027 2,509 Remaining balance 21,080 $ 29,212 |
Note 12 - Derivative Liabilitie
Note 12 - Derivative Liabilities | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Derivatives and Fair Value [Text Block] | NOTE 12: DERIVATIVE LIABILITIES On August 19, 2022, 3 As at April 30, 2023, 2 Exercise Price in U.S. dollars 1.066 to3.2727 Exercise Price in Canadian dollars CA$1.44 to CA$4.44 Expected Risk Free Interest Rate 4.04% to 4.48 % Expected Volatility 41.20% to 83.93 % Expected Life in Years 0.05 to 1.36 Expected Dividend Yield 0.00 % The movement in derivative liabilities during the period is as follows: Balance, July 31, 2022 $ - Fair value of derivative liabilities assumed from UEX Acquisition (Note 3) 8,903 Warrants exercised (188 ) Change in fair value during the period (4,463 ) Balance, April 30, 2023 4,252 Derivative liabilities, current 1,034 Derivative liabilities, non-current $ 3,218 |
Note 13 - Capital Stock
Note 13 - Capital Stock | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Equity [Text Block] | NOTE 13: CAPITAL STOCK Equity Financing On May 17, 2021, 3 1933, June 1, 2021, “2021 “May 2021 2021 On May 14, 2021, “2021 “2021 2021 may, 2021 On November 26, 2021, 2021 May 2021 2021 may, 2021 “November 2021 May 2021 “2021 On November 16, 2022, 3 “2022 “2022 2021 2022 On November 16, 2022, “2022 “2022 2022 may, 2022 During the three nine April 30, 2023, nil 2021 nil During the three nine April 30, 2023, 2022 Share Purchase Warrants A continuity schedule of our outstanding share purchase warrants for the three nine April 30, 2023, Number of Warrants Weighted Average Exercise Price Balance, July 31, 2022 3,615,454 $ 1.92 Issuance of Replacement Warrants (Note 3,13) 4,660,580 2.84 Exercised (3,410,898 ) 1.80 Expired (27,550 ) 1.80 Balance, October 31, 2022 4,837,586 2.85 Exercised (45,000 ) 1.46 Balance, January 31, 2023 4,792,586 2.93 Balance, April 30, 2023 4,792,586 $ 2.88 A summary of our share purchase warrants outstanding and exercisable as of April 30, 2023, Weighted Average Exercise Price Number of Warrants Outstanding Weighted Average Remaining Contractual Life (Years) Expiry Date $ 1.72 144,194 0.05 May 20, 2023 1.64 25,000 0.06 May 21, 2023 1.43 766,362 0.09 June 2, 2023 3.17 3,675,212 1.36 September 7, 2024 4.13 181,818 2.93 April 5, 2026 $ 2.88 4,792,586 1.17 As at April 30, 2023, During the nine April 30, 2023, Subsequent to April 30, 2023, May 20 June 2, 2023 Stock Options As of April 30, 2023, one 2022 “2022 2021 no 2021 A continuity schedule of our outstanding stock options for the three nine April 30, 2023, Number of Stock Weighted Average Balance, July 31, 2022 8,880,527 $ 1.58 Issuance of Replacement Options (Note 3) 2,301,750 1.90 Granted 5,000 4.23 Exercised (2,331,222 ) 1.61 Balance, October 31, 2022 8,856,055 1.65 Granted 15,464 3.78 Exercised (197,110 ) 2.10 Balance, January 31, 2023 8,674,409 1.65 Granted 100,000 3.22 Exercised (337,500 ) 1.61 Balance, April 30, 2023 8,436,909 $ 1.67 The table below sets forth the number of shares issued and cash received upon exercise of our stock options: Three Months Ended April 30, Nine Months Ended April 30, 2023 2022 2023 2022 Number of Options Exercised on Cash Basis - 404,832 138,537 807,580 Number of Options Exercised on Forfeiture Basis 337,500 777,773 2,727,295 1,650,402 Total Number of Options Exercised 337,500 1,182,605 2,865,832 2,457,982 Number of Shares Issued on Cash Exercise - 404,832 138,537 807,580 Number of Shares Issued on Forfeiture Basis 204,693 595,478 1,565,059 1,140,065 Total Number of Shares Issued Upon Exercise of Options 204,693 1,000,310 1,703,596 1,947,645 Cash Received from Exercise of Stock Options $ - $ 404 $ 206 $ 851 Total Intrinsic Value of Options Exercised $ 858 $ 4,891 $ 6,834 $ 7,685 A continuity schedule of our outstanding unvested stock options as of April 30, 2023, Number of Unvested Weighted Average Grant-Date Fair Value Balance, July 31, 2022 2,186,154 $ 1.79 Issuance of Replacement Options (Note 3) 2,301,750 1.75 Granted 5,000 2.70 Vested (2,467,341 ) 1.79 Balance, October 31, 2022 2,025,563 1.74 Granted 15,464 2.40 Vested (394,858 ) 1.78 Balance, January 31, 2023 1,646,169 $ 1.74 Granted 100,000 2.04 Vested (15,680 ) 1.56 Balance, April 30, 2023 1,730,489 $ 1.76 As at April 30, 2023, April 30, 2023, A summary of our stock options outstanding and exercisable as of April 30, 2023, Options Outstanding Options Exercisable Range of Exercise Outstanding at Weighted Weighted Exercisable at April 30, 2023 Weighted Weighted $0.80 to $0.99 3,592,124 $ 0.92 6.78 3,592,124 $ 0.92 6.78 $1.00 to $1.99 2,442,500 1.29 4.12 2,000,832 1.33 3.44 $2.00 to $2.99 918,954 2.22 7.96 687,183 2.22 7.87 $3.00 to $3.99 1,478,331 3.76 8.37 425,031 3.78 7.61 $4.00 to $4.23 5,000 4.23 9.49 1,250 4.23 9.49 8,436,909 $ 1.67 6.42 6,706,420 $ 1.36 5.95 Restricted Stock Units A summary of our outstanding and unvested restricted stock units (“RSU”s) as of April 30, 2023, Grant Date Number of Grant Date Remaining Life Aggregate July 16, 2020 217,498 $ 0.91 0.21 $ 568 July 21, 2021 271,746 2.15 1.23 709 May 01, 2022 58,824 4.25 2.01 154 July 29, 2022 287,966 3.98 2.25 752 836,034 $ 2.61 1.37 $ 2,183 During the three nine April 30, 2023, three nine April 30, 2022: April 30, 2023, Performance Based Restricted Stock Units During the three nine April 30, 2023, three nine April 30, 2022: April 30, 2023, July 31, 2022: July 31, 2022: Stock-Based Compensation A summary of our stock-based compensation expense is as follows: Three Months Ended April 30, Nine Months Ended April 30, 2023 2022 2023 2022 Stock-Based Compensation for Consultants Common stock issued to consultants $ 107 $ 158 $ 382 $ 664 Amortization of stock option expenses 95 37 467 174 202 195 849 838 Stock-Based Compensation for Management Amortization of stock option expenses 95 91 323 382 Amortization of RSU and PRSU expenses 346 256 1,053 780 441 347 1,376 1,162 Stock-Based Compensation for Employees Common stock issued to employees 188 282 675 894 Amortization of stock option expenses 314 127 1,441 632 Amortization of RSU expenses 37 - 114 - 539 409 2,230 1,526 $ 1,182 $ 951 $ 4,455 $ 3,526 |
Note 14 - Sales and Service Rev
Note 14 - Sales and Service Revenue and Cost of Sales and Services | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 14: SALES AND SERVICE REVENUE AND COST OF SALES AND SERVICES The table below provides a breakdown of our sales and service revenue and cost of sales and service revenue: Three Months Ended April 30, Nine Months Ended April 30, 2023 2022 2023 2022 Sales of purchased uranium inventory $ 20,095 $ 9,800 $ 125,140 $ 22,946 Revenue from toll processing services 122 92 300 137 Total sales and service revenue $ 20,217 $ 9,892 $ 125,440 $ 23,083 Cost of purchased uranium inventory $ (13,896 ) $ (6,478 ) $ (90,543 ) $ (15,689 ) Cost of toll processing services (102 ) (77 ) (250 ) (114 ) Total cost of sales and services $ (13,998 ) $ (6,555 ) $ (90,793 ) $ (15,803 ) Of the total sales of purchased uranium inventory, sales to customer A represent 20%, sales to customer B represent 16%, sales to customer C represent 16%, sales to customer D represent 14%, sales to customer E represent 10% and sales to the rest of our customers represent 24%. Subsequent to April 30, 2023, |
Note 15 - Income (Loss) Per Sha
Note 15 - Income (Loss) Per Share | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 15: INCOME (LOSS) PER SHARE The following table reconciles the weighted average number of shares used in the calculation of our basic and diluted income (loss) per share: Three Months Ended April 30, Nine Months Ended April 30, Numerator 2023 2022 2023 2022 Net Income (Loss) for the Period $ (10,960 ) $ 7,344 $ (3,824 ) $ (204 ) Denominator Basic Weighted Average Number of Shares 375,759,521 281,668,948 360,554,427 265,709,463 Dilutive Effect of Stock Awards and Warrants - 10,092,007 - - Diluted Weighted Average Number of Shares 375,759,521 291,760,955 360,554,427 265,709,463 Net Income (Loss) Per Share - Basic $ (0.03 ) $ 0.03 $ (0.01 ) $ (0.00 ) Net Income (Loss) Per Share - Diluted $ (0.03 ) $ 0.03 $ (0.01 ) $ (0.00 ) For the three nine April 30, 2023, nine April 30, 2022, |
Note 16 - Segmented Information
Note 16 - Segmented Information | 9 Months Ended |
Apr. 30, 2023 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 16: SEGMENTED INFORMATION We currently operate in one reportable segment which is focused on uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates. The tables below provide a breakdown of the long-term assets by geographic segments: April 30, 2023 Balance Sheet Items United States Canada Paraguay Total Mineral Rights and Properties $ 166,001 $ 378,436 $ 15,014 $ 559,451 Property, Plant and Equipment 19,377 36 364 19,777 Restricted Cash 7,251 - - 7,251 Equity-Accounted Investments - 45,886 - 45,886 Investment in Equity Securities - 38,361 - 38,361 Other Non-Current Assets 3,014 127 - 3,141 Total Long-Term Assets $ 195,643 $ 462,846 $ 15,378 $ 673,867 July 31, 2022 Balance Sheet Items United States Canada Paraguay Total Mineral Rights and Properties $ 165,952 $ 982 $ 15,014 $ 181,948 Property, Plant and Equipment 19,841 26 367 20,234 Restricted Cash 7,251 - - 7,251 Equity-Accounted Investment - 24,177 - 24,177 Investment in Equity Securities - 14,834 - 14,834 Other Non-Current Assets 3,093 519 - 3,612 Total Long-Term Assets $ 196,137 $ 40,538 $ 15,381 $ 252,056 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Apr. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP”) for interim financial information and are presented in U.S. dollars. Accordingly, they do not 10 July 31, 2022 ( 2022” nine April 30, 2023 not may July 31, 2023 ( 2023” |
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 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 that 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 |
Note 3 - Acquisition of UEX C_2
Note 3 - Acquisition of UEX Corporation (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Derivative Financial Instruments, Liabilities [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Exercise Price in U.S. dollars 1.066 to3.2727 Exercise Price in Canadian dollars CA$1.44 to CA$4.44 Expected Risk Free Interest Rate 4.04% to 4.48 % Expected Volatility 41.20% to 83.93 % Expected Life in Years 0.05 to 1.36 Expected Dividend Yield 0.00 % |
UEX Acquisition [Member] | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Exercise Price in U.S. dollars 1.077 to3.9494 Exercise Price in Canadian dollars CA$1.39 to CA$5.12 Expected Risk Free Interest Rate 2.40% to 3.23 % Expected Volatility 76.01% to 97.53 % Expected Life in Years 0.12 to 1.0 Expected Dividend Yield 0.00 % |
Asset Acquisition [Table Text Block] | Consideration paid UEC shares issued $ 171,271 Fair value of UEX shares acquired by UEC before acquisition 5,830 Replacement options issued 4,026 Replacement warrants issued 8,903 Acquisition related costs 2,643 Total consideration $ 192,673 Assets acquired and liabilities assumed Cash and cash equivalents $ 4,627 Prepaid expenses and deposits 159 Accounts receivable 892 Mineral rights and properties 208,008 Equity-accounted investment 24,502 Investment in equity securities 135 Other non-current assets 118 Total assets 238,441 Accounts payable and accrued liabilities 7,080 Other liabilities 111 Asset retirement obligations (Note 11) 211 Deferred tax liabilities 38,366 Total liabilities 45,768 Total net assets $ 192,673 |
Cash Flow on Acquisition [Table Text Block] | Cash acquired with the subsidiary $ 4,627 Acquisition related costs (2,643 ) Acquisition of UEX, net of cash acquired $ 1,984 |
UEX Acquisition [Member] | Derivative Financial Instruments, Liabilities [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Exercise Price in U.S. dollars 1.111 to3.4242 Exercise Price in Canadian dollars CA$1.44 to CA$4.44 Expected Risk Free Interest Rate 3.18% to 3.23 % Expected Volatility 90.98% to 101.52 % Expected Life in Years 0.75 to 2.05 Expected Dividend Yield 0.00 % |
Note 4 - Acquisition of the R_2
Note 4 - Acquisition of the Roughrider Project (Tables) - Roughrider Acquisition [Member] | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Asset Acquisition [Table Text Block] | Consideration paid Cash $ 80,000 Fair value of 17,805,815 3.60 64,101 Acquisition related costs 2,117 Total consideration paid $ 146,218 Assets acquired and liabilities assumed Mineral rights and properties $ 178,438 Total assets 178,438 Asset retirement obligations (Note 11) 445 Deferred tax liabilities 31,775 Total liabilities 32,220 Total net assets $ 146,218 |
Cash Flow on Acquisition [Table Text Block] | Cash paid $ (80,000 ) Acquisition related costs (2,117 ) Acquisition of Roughrider $ (82,117 ) |
Note 5 - Inventories (Tables)
Note 5 - Inventories (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | April 30, 2023 July 31, 2022 Material and supplies $ 214 $ 231 Uranium concentrates from production 178 178 Purchased uranium inventories 26,245 66,161 $ 26,637 $ 66,570 |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | Purchase Commitments Purchase Price Fiscal 2023 100,000 $ 3,295 Fiscal 2024 995,000 45,777 Fiscal 2025 600,000 23,120 Fiscal 2026 100,000 3,620 Total 1,795,000 $ 75,812 |
Note 6 - Mineral Rights and P_2
Note 6 - Mineral Rights and Properties (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Schedule Of Mineral Rights and Property Acquisition Costs [Table Text Block] | Costs United States Canada Paraguay Total Balance, July 31, 2022 $ 172,340 $ 982 $ 15,014 $ 188,336 Additions (Note 3 and 4) 50 386,447 - 386,497 Foreign exchange difference - (8,993 ) - (8,993 ) Balance, April 30, 2023 172,390 378,436 15,014 565,840 Accumulated Depletion and Amortization United States Canada Paraguay Total Balance, July 31, 2022 (6,388 ) - - (6,388 ) Additions (1 ) - - (1 ) Balance, April 30, 2023 (6,389 ) - - (6,389 ) Carrying Value Balance, July 31, 2022 $ 165,952 $ 982 $ 15,014 $ 181,948 Balance, April 30, 2023 $ 166,001 $ 378,436 $ 15,014 $ 559,451 |
Note 7 - Property, Plant and _2
Note 7 - Property, Plant and Equipment (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | April 30, 2023 July 31, 2022 Cost Accumulated Depreciation Net Book Value Cost Accumulated Net Book Plant and Processing Facilities $ 19,118 $ (1,824 ) $ 17,294 $ 18,964 $ (1,306 ) $ 17,658 Mining Equipment 2,804 (2,457 ) 347 2,777 (2,382 ) 395 Logging Equipment and Vehicles 2,747 (1,946 ) 801 2,666 (1,851 ) 815 Computer Equipment 368 (338 ) 30 360 (313 ) 47 Furniture and Fixtures 190 (179 ) 11 190 (177 ) 13 Buildings 297 (83 ) 214 298 (72 ) 226 Land 1,080 - 1,080 1,080 - 1,080 $ 26,604 $ (6,827 ) $ 19,777 $ 26,335 $ (6,101 ) $ 20,234 |
Note 8 - Equity-Accounted Inv_2
Note 8 - Equity-Accounted Investment (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Balance, July 31, 2022 $ 24,177 Addition from UEX Acquisition - JCU 24,502 Capital contribution to JCU 595 Share of losses (1,609 ) Gain on dilution of ownership interest in URC 624 Foreign exchange difference (2,403 ) Balance, April 30, 2023 $ 45,886 Three Months Ended April 30, Nine Months Ended April 30, 2023 2022 2023 2022 Share of income (loss) $ (908 ) $ 801 $ (1,609 ) $ 983 Gain on dilution of ownership interest 8 1,158 624 3,731 Total $ (900 ) $ 1,959 $ (985 ) $ 4,714 |
Note 9 - Investments in Equit_2
Note 9 - Investments in Equity Securities (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block] | Balance, July 31, 2022 $ 14,834 Transferred as consideration for UEX Acquisition (Note 3) (5,830 ) Acquired from UEX Acquisition (Note 3) 135 Additions 42,219 Loss on revaluation of equity securities (12,992 ) Foreign exchange difference (5 ) Balance, April 30, 2023 $ 38,361 |
Note 11 - Asset Retirement Ob_2
Note 11 - Asset Retirement Obligations (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Schedule of Change in Asset Retirement Obligation [Table Text Block] | Balance, July 31, 2022 $ 17,276 Accretion 710 Assumed from Roughrider Acquisition (Note 4) 445 Assumed from UEX Acquisition (Note 3) 211 Liabilities settled in cash (6 ) Foreign exchange difference (9 ) Balance, April 30, 2023 18,627 Asset retirement obligations, current 362 Asset retirement obligations, non-current $ 18,265 |
Schedule Of Estimated Cash flow and Assumption Used For ARO [Table Text Block] | April 30, 2023 July 31, 2022 Undiscounted amount of estimated cash flows $ 29,212 $ 28,739 Payable in years 1 to 23 1 to 23 Inflation rate 1.56% to 5.32% 1.56% to 5.32% Discount rate 3.72% to 6.35% 3.72% to 6.35% |
Schedule Of Undiscounted Amounts Of Estimated Cash Flows [Table Text Block] | Fiscal 2023 $ 362 Fiscal 2024 1,300 Fiscal 2025 1,472 Fiscal 2026 2,489 Fiscal 2027 2,509 Remaining balance 21,080 $ 29,212 |
Note 12 - Derivative Liabilit_2
Note 12 - Derivative Liabilities (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | Balance, July 31, 2022 $ - Fair value of derivative liabilities assumed from UEX Acquisition (Note 3) 8,903 Warrants exercised (188 ) Change in fair value during the period (4,463 ) Balance, April 30, 2023 4,252 Derivative liabilities, current 1,034 Derivative liabilities, non-current $ 3,218 |
Derivative Financial Instruments, Liabilities [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Exercise Price in U.S. dollars 1.066 to3.2727 Exercise Price in Canadian dollars CA$1.44 to CA$4.44 Expected Risk Free Interest Rate 4.04% to 4.48 % Expected Volatility 41.20% to 83.93 % Expected Life in Years 0.05 to 1.36 Expected Dividend Yield 0.00 % |
Note 13 - Capital Stock (Tables
Note 13 - Capital Stock (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Schedule Of Share based Compensation Warrants Activity [Table Text Block] | Number of Warrants Weighted Average Exercise Price Balance, July 31, 2022 3,615,454 $ 1.92 Issuance of Replacement Warrants (Note 3,13) 4,660,580 2.84 Exercised (3,410,898 ) 1.80 Expired (27,550 ) 1.80 Balance, October 31, 2022 4,837,586 2.85 Exercised (45,000 ) 1.46 Balance, January 31, 2023 4,792,586 2.93 Balance, April 30, 2023 4,792,586 $ 2.88 |
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 $ 1.72 144,194 0.05 May 20, 2023 1.64 25,000 0.06 May 21, 2023 1.43 766,362 0.09 June 2, 2023 3.17 3,675,212 1.36 September 7, 2024 4.13 181,818 2.93 April 5, 2026 $ 2.88 4,792,586 1.17 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Number of Stock Weighted Average Balance, July 31, 2022 8,880,527 $ 1.58 Issuance of Replacement Options (Note 3) 2,301,750 1.90 Granted 5,000 4.23 Exercised (2,331,222 ) 1.61 Balance, October 31, 2022 8,856,055 1.65 Granted 15,464 3.78 Exercised (197,110 ) 2.10 Balance, January 31, 2023 8,674,409 1.65 Granted 100,000 3.22 Exercised (337,500 ) 1.61 Balance, April 30, 2023 8,436,909 $ 1.67 |
Cash Proceeds Received and Tax Benefit from Share-Based Payment Awards [Table Text Block] | Three Months Ended April 30, Nine Months Ended April 30, 2023 2022 2023 2022 Number of Options Exercised on Cash Basis - 404,832 138,537 807,580 Number of Options Exercised on Forfeiture Basis 337,500 777,773 2,727,295 1,650,402 Total Number of Options Exercised 337,500 1,182,605 2,865,832 2,457,982 Number of Shares Issued on Cash Exercise - 404,832 138,537 807,580 Number of Shares Issued on Forfeiture Basis 204,693 595,478 1,565,059 1,140,065 Total Number of Shares Issued Upon Exercise of Options 204,693 1,000,310 1,703,596 1,947,645 Cash Received from Exercise of Stock Options $ - $ 404 $ 206 $ 851 Total Intrinsic Value of Options Exercised $ 858 $ 4,891 $ 6,834 $ 7,685 |
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block] | Number of Unvested Weighted Average Grant-Date Fair Value Balance, July 31, 2022 2,186,154 $ 1.79 Issuance of Replacement Options (Note 3) 2,301,750 1.75 Granted 5,000 2.70 Vested (2,467,341 ) 1.79 Balance, October 31, 2022 2,025,563 1.74 Granted 15,464 2.40 Vested (394,858 ) 1.78 Balance, January 31, 2023 1,646,169 $ 1.74 Granted 100,000 2.04 Vested (15,680 ) 1.56 Balance, April 30, 2023 1,730,489 $ 1.76 |
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Range of Exercise Outstanding at Weighted Weighted Exercisable at April 30, 2023 Weighted Weighted $0.80 to $0.99 3,592,124 $ 0.92 6.78 3,592,124 $ 0.92 6.78 $1.00 to $1.99 2,442,500 1.29 4.12 2,000,832 1.33 3.44 $2.00 to $2.99 918,954 2.22 7.96 687,183 2.22 7.87 $3.00 to $3.99 1,478,331 3.76 8.37 425,031 3.78 7.61 $4.00 to $4.23 5,000 4.23 9.49 1,250 4.23 9.49 8,436,909 $ 1.67 6.42 6,706,420 $ 1.36 5.95 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Grant Date Number of Grant Date Remaining Life Aggregate July 16, 2020 217,498 $ 0.91 0.21 $ 568 July 21, 2021 271,746 2.15 1.23 709 May 01, 2022 58,824 4.25 2.01 154 July 29, 2022 287,966 3.98 2.25 752 836,034 $ 2.61 1.37 $ 2,183 |
Share-Based Payment Arrangement, Cost by Plan [Table Text Block] | Three Months Ended April 30, Nine Months Ended April 30, 2023 2022 2023 2022 Stock-Based Compensation for Consultants Common stock issued to consultants $ 107 $ 158 $ 382 $ 664 Amortization of stock option expenses 95 37 467 174 202 195 849 838 Stock-Based Compensation for Management Amortization of stock option expenses 95 91 323 382 Amortization of RSU and PRSU expenses 346 256 1,053 780 441 347 1,376 1,162 Stock-Based Compensation for Employees Common stock issued to employees 188 282 675 894 Amortization of stock option expenses 314 127 1,441 632 Amortization of RSU expenses 37 - 114 - 539 409 2,230 1,526 $ 1,182 $ 951 $ 4,455 $ 3,526 |
Note 14 - Sales and Service R_2
Note 14 - Sales and Service Revenue and Cost of Sales and Services (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Schedule of Revenue and Cost of Revenue [Table Text Block] | Three Months Ended April 30, Nine Months Ended April 30, 2023 2022 2023 2022 Sales of purchased uranium inventory $ 20,095 $ 9,800 $ 125,140 $ 22,946 Revenue from toll processing services 122 92 300 137 Total sales and service revenue $ 20,217 $ 9,892 $ 125,440 $ 23,083 Cost of purchased uranium inventory $ (13,896 ) $ (6,478 ) $ (90,543 ) $ (15,689 ) Cost of toll processing services (102 ) (77 ) (250 ) (114 ) Total cost of sales and services $ (13,998 ) $ (6,555 ) $ (90,793 ) $ (15,803 ) |
Note 15 - Income (Loss) Per S_2
Note 15 - Income (Loss) Per Share (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended April 30, Nine Months Ended April 30, Numerator 2023 2022 2023 2022 Net Income (Loss) for the Period $ (10,960 ) $ 7,344 $ (3,824 ) $ (204 ) Denominator Basic Weighted Average Number of Shares 375,759,521 281,668,948 360,554,427 265,709,463 Dilutive Effect of Stock Awards and Warrants - 10,092,007 - - Diluted Weighted Average Number of Shares 375,759,521 291,760,955 360,554,427 265,709,463 Net Income (Loss) Per Share - Basic $ (0.03 ) $ 0.03 $ (0.01 ) $ (0.00 ) Net Income (Loss) Per Share - Diluted $ (0.03 ) $ 0.03 $ (0.01 ) $ (0.00 ) |
Note 16 - Segmented Informati_2
Note 16 - Segmented Information (Tables) | 9 Months Ended |
Apr. 30, 2023 | |
Notes Tables | |
Long-Lived Assets by Geographic Areas [Table Text Block] | April 30, 2023 Balance Sheet Items United States Canada Paraguay Total Mineral Rights and Properties $ 166,001 $ 378,436 $ 15,014 $ 559,451 Property, Plant and Equipment 19,377 36 364 19,777 Restricted Cash 7,251 - - 7,251 Equity-Accounted Investments - 45,886 - 45,886 Investment in Equity Securities - 38,361 - 38,361 Other Non-Current Assets 3,014 127 - 3,141 Total Long-Term Assets $ 195,643 $ 462,846 $ 15,378 $ 673,867 July 31, 2022 Balance Sheet Items United States Canada Paraguay Total Mineral Rights and Properties $ 165,952 $ 982 $ 15,014 $ 181,948 Property, Plant and Equipment 19,841 26 367 20,234 Restricted Cash 7,251 - - 7,251 Equity-Accounted Investment - 24,177 - 24,177 Investment in Equity Securities - 14,834 - 14,834 Other Non-Current Assets 3,093 519 - 3,612 Total Long-Term Assets $ 196,137 $ 40,538 $ 15,381 $ 252,056 |
Note 1 - Nature of Operations (
Note 1 - Nature of Operations (Details Textual) - USD ($) $ in Thousands | Apr. 30, 2023 | Jul. 31, 2022 |
Working Capital | $ 38,686 | |
Cash and Cash Equivalents, at Carrying Value | 17,463 | $ 32,536 |
Inventory, Net | 26,637 | $ 66,570 |
Uranium Inventory [Member] | ||
Inventory, Net | $ 26,245 |
Note 3 - Acquisition of UEX C_3
Note 3 - Acquisition of UEX Corporation (Details Textual) - UEX Acquisition [Member] $ in Thousands | Aug. 19, 2022 USD ($) shares | Jun. 22, 2022 USD ($) shares | Jun. 21, 2022 USD ($) shares | Jun. 21, 2022 $ / shares |
Number of Shares Acquired (in shares) | 6,844,000 | 11,627,907 | ||
Shares Acquired, Price Per Share (in CAD per share) | $ / shares | $ 0.43 | |||
Asset Acquisition, Consideration Transferred, Total | $ | $ 192,673 | $ 1,914 | $ 3,867 | |
Asset Acquisition, Share Per Share to Holders | 0.09 | |||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Shares (in shares) | 48,518,745 | |||
Replacement Options [Member] | ||||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Shares (in shares) | 2,301,750 | |||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable | $ | $ 4,026 | |||
Replacement Warrants [Member] | ||||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Shares (in shares) | 4,660,580 | |||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable | $ | $ 8,903 |
Note 3 - Acquisition of UEX C_4
Note 3 - Acquisition of UEX Corporation - Replacement Options Assumptions (Details) - UEX Acquisition [Member] - Replacement Options [Member] | Aug. 19, 2022 $ / shares |
Expected Dividend Yield | 0% |
Minimum [Member] | |
Exercise Price in U.S. dollars (in dollars per share) | $ 1.07 |
Expected Risk Free Interest Rate | 2.40% |
Expected Volatility | 76.01% |
Expected Life in Years (Year) | 1 month 13 days |
Maximum [Member] | |
Exercise Price in U.S. dollars (in dollars per share) | $ 3.94 |
Expected Risk Free Interest Rate | 3.23% |
Expected Volatility | 97.53% |
Expected Life in Years (Year) | 1 year |
Note 3 - Acquisition of UEX C_5
Note 3 - Acquisition of UEX Corporation - Replacement Warrant Assumptions (Details) | Apr. 30, 2023 $ / shares | Jan. 31, 2023 $ / shares | Oct. 31, 2022 $ / shares | Aug. 19, 2022 $ / shares | Jul. 31, 2022 $ / shares |
Exercise Price in U.S. dollars (in dollars per share) | $ 2.88 | $ 2.93 | $ 2.85 | $ 1.92 | |
Replacement Warrants [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||
Derivative, measurement input | 0 | ||||
Replacement Warrants [Member] | UEX Acquisition [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||
Derivative, measurement input | 0 | ||||
Replacement Warrants [Member] | Minimum [Member] | |||||
Exercise Price in U.S. dollars (in dollars per share) | $ 1.06 | ||||
Replacement Warrants [Member] | Minimum [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||
Derivative, measurement input | 0.0404 | ||||
Replacement Warrants [Member] | Minimum [Member] | Measurement Input, Price Volatility [Member] | |||||
Derivative, measurement input | 0.4120 | ||||
Replacement Warrants [Member] | Minimum [Member] | Measurement Input, Expected Term [Member] | |||||
Derivative, measurement input | 0.05 | ||||
Replacement Warrants [Member] | Minimum [Member] | UEX Acquisition [Member] | |||||
Exercise Price in U.S. dollars (in dollars per share) | $ 1.11 | ||||
Replacement Warrants [Member] | Minimum [Member] | UEX Acquisition [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||
Derivative, measurement input | 0.0318 | ||||
Replacement Warrants [Member] | Minimum [Member] | UEX Acquisition [Member] | Measurement Input, Price Volatility [Member] | |||||
Derivative, measurement input | 0.9098 | ||||
Replacement Warrants [Member] | Minimum [Member] | UEX Acquisition [Member] | Measurement Input, Expected Term [Member] | |||||
Derivative, measurement input | 0.75 | ||||
Replacement Warrants [Member] | Maximum [Member] | |||||
Exercise Price in U.S. dollars (in dollars per share) | $ 3.27 | ||||
Replacement Warrants [Member] | Maximum [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||
Derivative, measurement input | 0.0448 | ||||
Replacement Warrants [Member] | Maximum [Member] | Measurement Input, Price Volatility [Member] | |||||
Derivative, measurement input | 0.8393 | ||||
Replacement Warrants [Member] | Maximum [Member] | Measurement Input, Expected Term [Member] | |||||
Derivative, measurement input | 1.36 | ||||
Replacement Warrants [Member] | Maximum [Member] | UEX Acquisition [Member] | |||||
Exercise Price in U.S. dollars (in dollars per share) | $ 3.42 | ||||
Replacement Warrants [Member] | Maximum [Member] | UEX Acquisition [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||
Derivative, measurement input | 0.0323 | ||||
Replacement Warrants [Member] | Maximum [Member] | UEX Acquisition [Member] | Measurement Input, Price Volatility [Member] | |||||
Derivative, measurement input | 1.0152 | ||||
Replacement Warrants [Member] | Maximum [Member] | UEX Acquisition [Member] | Measurement Input, Expected Term [Member] | |||||
Derivative, measurement input | 2.05 |
Note 3 - Acquisition of UEX C_6
Note 3 - Acquisition of UEX Corporation - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | 3 Months Ended | |||||
Aug. 19, 2022 | Jun. 22, 2022 | Jun. 21, 2022 | Oct. 31, 2022 | Apr. 30, 2023 | Jul. 31, 2022 | |
UEC shares issued | $ 235,372 | |||||
Cash and cash equivalents | $ 17,463 | $ 32,536 | ||||
Mineral rights and properties | 559,451 | 181,948 | ||||
Equity-accounted investment | 45,886 | 24,177 | ||||
Investment in equity securities | 38,361 | 14,834 | ||||
Other non-current assets | 3,141 | 3,612 | ||||
Total assets | 722,148 | 354,247 | ||||
Asset retirement obligations (Note 11) | 18,627 | 17,276 | ||||
Deferred tax liabilities | 68,273 | 536 | ||||
Total liabilities | $ 100,310 | $ 27,338 | ||||
UEX Acquisition [Member] | ||||||
UEC shares issued | $ 171,271 | |||||
Fair value of UEX shares acquired by UEC before acquisition | 5,830 | |||||
Acquisition related costs | 2,643 | |||||
Total consideration | 192,673 | $ 1,914 | $ 3,867 | |||
Cash and cash equivalents | 4,627 | |||||
Prepaid expenses and deposits | 159 | |||||
Accounts receivable | 892 | |||||
Mineral rights and properties | 208,008 | |||||
Equity-accounted investment | 24,502 | |||||
Investment in equity securities | 135 | |||||
Other non-current assets | 118 | |||||
Total assets | 238,441 | |||||
Accounts payable and accrued liabilities | 7,080 | |||||
Other liabilities | 111 | |||||
Asset retirement obligations (Note 11) | 211 | |||||
Deferred tax liabilities | 38,366 | |||||
Total liabilities | 45,768 | |||||
Total net assets | 192,673 | |||||
UEX Acquisition [Member] | Replacement Options [Member] | ||||||
Replacement options/warrants issued | 4,026 | |||||
UEX Acquisition [Member] | Replacement Warrants [Member] | ||||||
Replacement options/warrants issued | $ 8,903 |
Note 3 - Acquisition of UEX C_7
Note 3 - Acquisition of UEX Corporation - Cash Flow on Acquisition (Details) - UEX Acquisition [Member] $ in Thousands | Aug. 19, 2022 USD ($) |
Cash acquired with the subsidiary | $ 4,627 |
Acquisition related costs | (2,643) |
Acquisition of UEX, net of cash acquired | $ 1,984 |
Note 4 - Acquisition of the R_3
Note 4 - Acquisition of the Roughrider Project - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Oct. 14, 2022 | Oct. 31, 2022 | Apr. 30, 2023 | Jul. 31, 2022 | |
UEC shares issued | $ 235,372 | |||
Mineral rights and properties | $ 559,451 | $ 181,948 | ||
Total assets | 722,148 | 354,247 | ||
Asset retirement obligations (Note 11) | 18,627 | 17,276 | ||
Deferred tax liabilities | 68,273 | 536 | ||
Total liabilities | $ 100,310 | $ 27,338 | ||
Roughrider Acquisition [Member] | ||||
Cash | $ 80,000 | |||
UEC shares issued | 64,101 | |||
Acquisition related costs | 2,117 | |||
Total consideration | 146,218 | |||
Mineral rights and properties | 178,438 | |||
Total assets | 178,438 | |||
Asset retirement obligations (Note 11) | 445 | |||
Deferred tax liabilities | 31,775 | |||
Total liabilities | 32,220 | |||
Total net assets | $ 146,218 |
Note 4 - Acquisition of the R_4
Note 4 - Acquisition of the Roughrider Project - Assets Acquired and Liabilities Assumed (Details) (Parentheticals) - Roughrider Acquisition [Member] | Oct. 14, 2022 $ / shares shares |
Consideration paid, shares (in shares) | shares | 17,805,815 |
Consideration paid, per share (in dollars per share) | $ / shares | $ 3.60 |
Note 4 - Acquisition of Roughri
Note 4 - Acquisition of Roughrider Project - Cash Flow on Acquisition (Details) - Roughrider Acquisition [Member] $ in Thousands | Oct. 14, 2022 USD ($) |
Cash paid | $ (80,000) |
Acquisition related costs | (2,117) |
Acquisition of Roughrider | $ (82,117) |
Note 5 - Inventories (Details T
Note 5 - Inventories (Details Textual) - lb | Apr. 30, 2023 | Jul. 31, 2022 |
Inventory, Balance , Mass (Pound) | 771,000 | |
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 | Apr. 30, 2023 | Jul. 31, 2022 |
Material and supplies | $ 214 | $ 231 |
Inventory, Net | 26,637 | 66,570 |
Uranium Inventory [Member] | ||
Uranium concentrates from production | 178 | 178 |
Purchased uranium inventories | 26,245 | $ 66,161 |
Inventory, Net | $ 26,245 |
Note 5 - Inventories - Uranium
Note 5 - Inventories - Uranium Inventory Purchase Commitments (Details) - Uranium Inventory [Member] $ in Thousands | Apr. 30, 2023 USD ($) lb |
Fiscal 2023 (Pound) | lb | 100,000 |
Fiscal 2023 | $ | $ 3,295 |
Fiscal 2024 (Pound) | lb | 995,000 |
Fiscal 2024 | $ | $ 45,777 |
Fiscal 2025 (Pound) | lb | 600,000 |
Fiscal 2025 | $ | $ 23,120 |
Fiscal 2026 (Pound) | lb | 100,000 |
Fiscal 2026 | $ | $ 3,620 |
Total, mass (Pound) | lb | 1,795,000 |
Total | $ | $ 75,812 |
Note 6 - Mineral Rights and P_3
Note 6 - Mineral Rights and Properties (Details Textual) $ in Thousands | Apr. 30, 2023 USD ($) |
Annual Property Maintenance Fees | $ 3,897 |
Note 6 - Mineral Rights and P_4
Note 6 - Mineral Rights and Properties - Mineral Rights and Property Acquisition Costs (Details) - USD ($) $ in Thousands | 6 Months Ended | 9 Months Ended |
Jan. 31, 2023 | Apr. 30, 2023 | |
Balance | $ 188,336 | $ 188,336 |
Additions (Note 3 and 4) | 386,497 | |
Foreign exchange difference | (8,993) | |
Balance | 565,840 | |
Balance | (6,388) | (6,388) |
Additions | (1) | |
Balance | (6,389) | |
Balance | 181,948 | 181,948 |
Balance | 559,451 | |
UNITED STATES | ||
Balance | 172,340 | 172,340 |
Additions (Note 3 and 4) | 50 | |
Foreign exchange difference | 0 | |
Balance | 172,390 | |
Balance | (6,388) | (6,388) |
Additions | (1) | |
Balance | (6,389) | |
Balance | 165,952 | 165,952 |
Balance | 166,001 | |
CANADA | ||
Balance | 982 | 982 |
Additions (Note 3 and 4) | 386,447 | |
Foreign exchange difference | (8,993) | |
Balance | 378,436 | |
Balance | 0 | 0 |
Additions | 0 | |
Balance | 0 | |
Balance | 982 | 982 |
Balance | 378,436 | |
PARAGUAY | ||
Balance | 15,014 | 15,014 |
Additions (Note 3 and 4) | 0 | |
Foreign exchange difference | 0 | |
Balance | 15,014 | |
Balance | 0 | 0 |
Additions | 0 | |
Balance | 0 | |
Balance | $ 15,014 | 15,014 |
Balance | $ 15,014 |
Note 7 - Property, Plant and _3
Note 7 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Apr. 30, 2023 | Jul. 31, 2022 |
Cost | $ 26,604 | $ 26,335 |
Accumulated Depreciation | (6,827) | (6,101) |
Net Book Value | 19,777 | 20,234 |
Plant and Processing Facilities [Member] | ||
Cost | 19,118 | 18,964 |
Accumulated Depreciation | (1,824) | (1,306) |
Net Book Value | 17,294 | 17,658 |
Mining Equipment [Member] | ||
Cost | 2,804 | 2,777 |
Accumulated Depreciation | (2,457) | (2,382) |
Net Book Value | 347 | 395 |
Logging Equipment and Vehicles [Member] | ||
Cost | 2,747 | 2,666 |
Accumulated Depreciation | (1,946) | (1,851) |
Net Book Value | 801 | 815 |
Computer Equipment [Member] | ||
Cost | 368 | 360 |
Accumulated Depreciation | (338) | (313) |
Net Book Value | 30 | 47 |
Furniture and Fixtures [Member] | ||
Cost | 190 | 190 |
Accumulated Depreciation | (179) | (177) |
Net Book Value | 11 | 13 |
Buildings [Member] | ||
Cost | 297 | 298 |
Accumulated Depreciation | (83) | (72) |
Net Book Value | 214 | 226 |
Land [Member] | ||
Cost | 1,080 | 1,080 |
Accumulated Depreciation | 0 | 0 |
Net Book Value | $ 1,080 | $ 1,080 |
Note 8 - Equity-Accounted Inv_3
Note 8 - Equity-Accounted Investment (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |
Apr. 30, 2023 | Apr. 30, 2023 | Jul. 31, 2022 | |
Uranium Royalty Corp [Member] | |||
Equity Method Investment, Shares Owned (in shares) | 15,000,000 | 15,000,000 | |
Equity Method Investment, Ownership Percentage | 15% | 15% | 15.50% |
Ownership Interest Percentage, Contingent, Outstanding Options and Warrants Fully Exercised | 12.70% | 12.70% | |
Equity Method Investments, Fair Value Disclosure | $ 29,600 | $ 29,600 | $ 43,700 |
JCU (Canada) Exploration Company Limited [Member] | |||
Equity Method Investment, Ownership Percentage | 50% | 50% | |
Equity Method Investment, Recoverable Exploration Expenditures | $ 813 | $ 1,564 | |
Equity Method Investment Amount Owed From JCU | $ 1,148 | $ 1,148 | $ 0 |
Note 8 - Equity-accounted Inv_4
Note 8 - Equity-accounted Investments - Equity-accounted Investment (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Apr. 30, 2023 | Apr. 30, 2022 | Apr. 30, 2023 | Apr. 30, 2023 | Apr. 30, 2022 | |
Balance | $ 24,177 | ||||
Balance | $ 45,886 | 45,886 | $ 45,886 | ||
Total | (900) | $ 1,959 | (985) | $ 4,714 | |
Uranium Royalty Corp and JCU (Canada) Exploration Company Limited [Member] | |||||
Balance | 24,177 | ||||
Share of losses | (908) | 801 | (1,609) | (1,609) | 983 |
Gain on dilution of ownership interest in URC | 8 | 1,158 | 624 | 3,731 | |
Foreign exchange difference | (2,403) | ||||
Balance | 45,886 | 45,886 | 45,886 | ||
Total | $ (900) | $ 1,959 | $ (985) | $ 4,714 | |
UEX Acquisition [Member] | |||||
Addition from UEX Acquisition - JCU | 24,502 | ||||
JCU (Canada) Exploration Company Limited [Member] | |||||
Capital contribution to JCU | 595 | ||||
Uranium Royalty Corp [Member] | |||||
Gain on dilution of ownership interest in URC | $ 624 |
Note 9 - Investments in Equit_3
Note 9 - Investments in Equity Securities (Details Textual) - USD ($) $ in Thousands | Apr. 30, 2023 | Aug. 19, 2022 | Jul. 31, 2022 |
Equity Securities, FV-NI, Total | $ 38,361 | $ 14,834 | |
UEX Shares [Member] | |||
Equity Securities, FV-NI, Total | $ 5,830 | $ 6,914 |
Note 9 - Investments in Equit_4
Note 9 - Investments in Equity Securities - Changes in Investments in Equity Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2023 | Apr. 30, 2022 | Apr. 30, 2023 | Apr. 30, 2022 | |
Balance | $ 14,834 | |||
Transferred as consideration for UEX Acquisition (Note 3) | (5,830) | |||
Additions to equity securities | 42,219 | $ 9,433 | ||
Loss on revaluation of equity securities | $ (12,649) | $ 0 | (12,992) | $ 547 |
Foreign exchange difference | (5) | |||
Balance | $ 38,361 | 38,361 | ||
UEX Acquisition [Member] | ||||
Additions to equity securities | $ 135 |
Note 10 - Related Party Trans_2
Note 10 - Related Party Transactions (Details Textual) - Related Party [Member] - Blender Media Inc [Member] - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Apr. 30, 2023 | Apr. 30, 2022 | Apr. 30, 2023 | Apr. 30, 2022 | Jul. 31, 2022 | |
Related Party Transaction, Amounts of Transaction | $ 2 | $ 2 | $ 84 | $ 6 | |
Accounts Payable | $ 0 | $ 0 | $ 3 |
Note 11 - Asset Retirement Ob_3
Note 11 - Asset Retirement Obligations - Change in Asset Retirement Obligation (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Apr. 30, 2023 | Jul. 31, 2022 | |
Balance | $ 17,276 | |
Accretion | 710 | |
Liabilities settled in cash | (6) | |
Foreign exchange difference | (9) | |
Balance | 18,627 | |
Asset retirement obligations, current | 362 | $ 0 |
Asset retirement obligations, non-current | 18,265 | $ 17,276 |
Roughrider [Member] | ||
Assumed from acquisition | 445 | |
UEX Acquisition [Member] | ||
Assumed from acquisition | $ 211 |
Note 11 - Asset Retirement Ob_4
Note 11 - Asset Retirement Obligations - Estimated Amounts and Timing of Cash Flows and Assumptions Used for ARO Estimates (Details) | Apr. 30, 2023 USD ($) | Jul. 31, 2022 USD ($) |
Undiscounted amount of estimated cash flows | ||
Minimum [Member] | ||
Undiscounted amount of estimated cash flows | ||
Minimum [Member] | Measurement Input, Expected Term [Member] | ||
Asset retirement obligations, measurement input | 1 | 1 |
Minimum [Member] | Measurement Input, Inflation Rate [Member] | ||
Asset retirement obligations, measurement input | 0.0156 | 0.0156 |
Minimum [Member] | Measurement Input, Discount Rate [Member] | ||
Asset retirement obligations, measurement input | 0.0372 | 0.0372 |
Maximum [Member] | ||
Undiscounted amount of estimated cash flows | $ 29,212 | $ 28,739 |
Maximum [Member] | Measurement Input, Expected Term [Member] | ||
Asset retirement obligations, measurement input | 23 | 23 |
Maximum [Member] | Measurement Input, Inflation Rate [Member] | ||
Asset retirement obligations, measurement input | 0.0532 | 0.0532 |
Maximum [Member] | Measurement Input, Discount Rate [Member] | ||
Asset retirement obligations, measurement input | 0.0635 | 0.0635 |
Note 11 - Asset Retirement Ob_5
Note 11 - Asset Retirement Obligations - Undiscounted Amounts of Estimated Cash Flows for the Next Five Fiscal Years and Beyond (Details) $ in Thousands | Apr. 30, 2023 USD ($) |
Fiscal 2023 | $ 362 |
Fiscal 2024 | 1,300 |
Fiscal 2025 | 1,472 |
Fiscal 2026 | 2,489 |
Fiscal 2027 | 2,509 |
Remaining balance | 21,080 |
Undiscounted Amount of Estimated Cash Flows | $ 29,212 |
Note 12 - Derivative Liabilit_3
Note 12 - Derivative Liabilities - Assumptions (Details) | Apr. 30, 2023 $ / shares | Jan. 31, 2023 $ / shares | Oct. 31, 2022 $ / shares | Jul. 31, 2022 $ / shares |
Exercise Price in U.S. dollars (in dollars per share) | $ 2.88 | $ 2.93 | $ 2.85 | $ 1.92 |
Replacement Warrants [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||
Derivative, measurement input | 0 | |||
Replacement Warrants [Member] | Minimum [Member] | ||||
Exercise Price in U.S. dollars (in dollars per share) | $ 1.06 | |||
Replacement Warrants [Member] | Minimum [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||
Derivative, measurement input | 0.0404 | |||
Replacement Warrants [Member] | Minimum [Member] | Measurement Input, Price Volatility [Member] | ||||
Derivative, measurement input | 0.4120 | |||
Replacement Warrants [Member] | Minimum [Member] | Measurement Input, Expected Term [Member] | ||||
Derivative, measurement input | 0.05 | |||
Replacement Warrants [Member] | Maximum [Member] | ||||
Exercise Price in U.S. dollars (in dollars per share) | $ 3.27 | |||
Replacement Warrants [Member] | Maximum [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||
Derivative, measurement input | 0.0448 | |||
Replacement Warrants [Member] | Maximum [Member] | Measurement Input, Price Volatility [Member] | ||||
Derivative, measurement input | 0.8393 | |||
Replacement Warrants [Member] | Maximum [Member] | Measurement Input, Expected Term [Member] | ||||
Derivative, measurement input | 1.36 |
Note 12 - Derivative Liabilit_4
Note 12 - Derivative Liabilities - Movement in Derivative Liabilities (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Apr. 30, 2023 | Jul. 31, 2022 | |
Balance | $ 0 | |
Fair value of derivative liabilities assumed from UEX Acquisition (Note 3) | 8,903 | |
Warrants exercised | (188) | |
Change in fair value during the period | (4,463) | |
Balance | 4,252 | |
Derivative liabilities, current | 1,034 | $ 0 |
Derivative liabilities, non-current | $ 3,218 | $ 0 |
Note 13 - Capital Stock (Detail
Note 13 - Capital Stock (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||
Jun. 08, 2023 | Apr. 30, 2023 | Apr. 30, 2022 | Jan. 31, 2023 | Apr. 30, 2023 | Apr. 30, 2022 | Jul. 31, 2020 | Nov. 16, 2022 | Oct. 31, 2022 | Jul. 31, 2022 | Nov. 26, 2021 | May 17, 2021 | May 14, 2021 | |
Proceeds from Warrant Exercises | $ 6,206,000 | ||||||||||||
Class of Warrant or Right, Outstanding (in shares) | 4,792,586 | 4,792,586 | 4,792,586 | 4,837,586 | 3,615,454 | ||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $ 9,666,000 | $ 9,666,000 | |||||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | 8,903,000 | 8,903,000 | |||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Unvested in Period, Intrinsic Value | 763,000 | 763,000 | |||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 1,219,000 | 1,219,000 | |||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 10 months 20 days | ||||||||||||
Restricted Stock Units (RSUs) [Member] | |||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 879,000 | $ 879,000 | |||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 4 months 24 days | ||||||||||||
Share-Based Payment Arrangement, Expense | $ 283,000 | $ 183,000 | $ 869,000 | $ 560,000 | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares) | 836,034 | 836,034 | |||||||||||
Performance-based Restriced Stock Units [Member] | |||||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 683,000 | $ 683,000 | $ 981,000 | ||||||||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 8 months 15 days | ||||||||||||
Share-Based Payment Arrangement, Expense | $ 99,000 | $ 73,000 | $ 298,000 | $ 220,000 | |||||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance (in shares) | 734,582 | 734,582 | 734,582 | ||||||||||
Replacement Warrants [Member] | |||||||||||||
Class of Warrant or Right, Outstanding (in shares) | 4,585,768 | 4,585,768 | |||||||||||
Replacement Warrants [Member] | Subsequent Event [Member] | |||||||||||||
Proceeds from Warrant Exercises | $ 1,060 | ||||||||||||
Class of Warrant or Right, Exercised During Period (in shares) | 928,188,000 | ||||||||||||
Shelf 2021 [Member] | |||||||||||||
Stock Offering, Maximum Amount | $ 200,000,000 | $ 200,000,000 | |||||||||||
May 17, 2021 At-the-market Offering [Member] | |||||||||||||
Stock Offering, Maximum Amount | $ 100,000,000 | ||||||||||||
May 14, 2021 At-the-market Offering [Member] | |||||||||||||
Stock Offering, Maximum Amount | $ 100,000,000 | ||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | 6,201,553 | |||||||||||
Proceeds from Warrant Exercises | $ 0 | ||||||||||||
Proceeds from Issuance of Common Stock, Net | $ 25,526,000 | ||||||||||||
November 2021 At-the-market Offering [Member] | |||||||||||||
Stock Offering, Maximum Amount | $ 100,000,000 | ||||||||||||
Shelf 2022 [Member] | |||||||||||||
Stock Offering, Maximum Amount | $ 300,000,000 | ||||||||||||
November 2022 At-the-market Offering [Member] | |||||||||||||
Stock Offering, Maximum Amount | $ 300,000,000 | ||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,912,000 | 8,969,700 | |||||||||||
Proceeds from Issuance of Common Stock, Net | $ 10,599 | $ 32,893 |
Note 13 - Capital Stock - Conti
Note 13 - Capital Stock - Continuity Schedule of Outstanding Share Purchase Warrants (Details) - $ / shares | 3 Months Ended | 6 Months Ended |
Oct. 31, 2022 | Jan. 31, 2023 | |
Balance, Number of Warrants (in shares) | 3,615,454 | 3,615,454 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.92 | $ 1.92 |
Issuance of Replacement Warrants (Note 3,12), Number of Warrants (in shares) | 4,660,580 | |
Issuance of Replacement Warrants (Note 3,12), Weighted Average Exercise Price (in dollars per share) | $ 2.84 | |
Exercised, Number of Warrants (in shares) | (3,410,898) | (45,000) |
Exercised, Weighted Average Exercise Price (in dollars per share) | $ 1.80 | $ 1.46 |
Expired, Number of Warrants (in shares) | (27,550) | |
Expired, Weighted Average Exercise Price (in dollars per share) | $ 1.80 | |
Balance, Number of Warrants (in shares) | 4,837,586 | 4,792,586 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 2.85 | $ 2.93 |
Note 13 - Capital Stock - Warra
Note 13 - Capital Stock - Warrants Outstanding and Exercisable (Details) - $ / shares | 3 Months Ended | |||
Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Jul. 31, 2022 | |
Weighted Average Exercise Price (in dollars per share) | $ 2.88 | $ 2.93 | $ 2.85 | $ 1.92 |
Number of Warrants Outstanding (in shares) | 4,792,586 | 4,792,586 | 4,837,586 | 3,615,454 |
Weighted Average Remaining Contractual Life (Year) | 1 year 2 months 1 day | |||
Warrants 1 [Member] | ||||
Number of Warrants Outstanding (in shares) | 144,194 | |||
Weighted Average Remaining Contractual Life (Year) | 18 days | |||
Warrants 2 [Member] | ||||
Number of Warrants Outstanding (in shares) | 25,000 | |||
Weighted Average Remaining Contractual Life (Year) | 21 days | |||
Warrants 3 [Member] | ||||
Number of Warrants Outstanding (in shares) | 766,362 | |||
Weighted Average Remaining Contractual Life (Year) | 1 month 2 days | |||
Warrants 4 [Member] | ||||
Number of Warrants Outstanding (in shares) | 3,675,212 | |||
Weighted Average Remaining Contractual Life (Year) | 1 year 4 months 9 days | |||
Warrants 5 [Member] | ||||
Number of Warrants Outstanding (in shares) | 181,818 | |||
Weighted Average Remaining Contractual Life (Year) | 2 years 11 months 4 days |
Note 13 - Capital Stock - Sched
Note 13 - Capital Stock - Schedule of Outstanding Stock Options (Details) - $ / shares | 3 Months Ended | 9 Months Ended | ||||
Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2023 | Apr. 30, 2022 | |
Balance, number of stock options (in shares) | 8,674,409 | 8,856,055 | 8,880,527 | 8,880,527 | ||
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.65 | $ 1.65 | $ 1.58 | $ 1.58 | ||
Issuance of Replacement Options (Note 3), number of stock options (in shares) | 2,301,750 | |||||
Issuance of Replacement Options (Note 3), Weighted Average Exercise Price (in dollars per share) | $ 1.90 | |||||
Granted, number of stock options (in shares) | 100,000 | 15,464 | 5,000 | |||
Granted, Weighted Average Exercise Price (in dollars per share) | $ 3.22 | $ 3.78 | $ 4.23 | |||
Exercised, number of stock options (in shares) | (337,500) | (197,110) | (2,331,222) | (1,182,605) | (2,865,832) | (2,457,982) |
Exercised Options, Weighted Average Exercise Price (in dollars per share) | $ 1.61 | $ 2.10 | $ 1.61 | |||
Granted, Weighted Average Exercise Price (in dollars per share) | $ 3.22 | $ 3.78 | $ 4.23 | |||
Exercised, number of stock options (in shares) | (337,500) | (197,110) | (2,331,222) | (1,182,605) | (2,865,832) | (2,457,982) |
Exercised Options, Weighted Average Exercise Price (in dollars per share) | $ 1.61 | $ 2.10 | $ 1.61 | |||
Balance, number of stock options (in shares) | 8,436,909 | 8,674,409 | 8,856,055 | 8,436,909 | ||
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.67 | $ 1.65 | $ 1.65 | $ 1.67 |
Note 13 - Capital Stock - Numbe
Note 13 - Capital Stock - Number of Shares Issued and Cash Received Upon Exercise of the Stock Options (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Apr. 30, 2022 | Apr. 30, 2023 | Apr. 30, 2022 | |
Number of Options Exercised on Cash Basis (in shares) | 0 | 404,832 | 138,537 | 807,580 | ||
Number of Options Exercised on Forfeiture Basis (in shares) | 337,500 | 777,773 | 2,727,295 | 1,650,402 | ||
Total Number of Options Exercised (in shares) | 337,500 | 197,110 | 2,331,222 | 1,182,605 | 2,865,832 | 2,457,982 |
Number of Shares Issued on Cash Exercise (in shares) | 0 | 404,832 | 138,537 | 807,580 | ||
Number of Shares Issued on Forfeiture Basis (in shares) | 204,693 | 595,478 | 1,565,059 | 1,140,065 | ||
Total Number of Shares Issued Upon Exercise of Options (in shares) | 204,693 | 1,000,310 | 1,703,596 | 1,947,645 | ||
Cash Received from Exercise of Stock Options | $ 0 | $ 404 | $ 206 | $ 851 | ||
Total Intrinsic Value of Options Exercised | $ 858 | $ 4,891 | $ 6,834 | $ 7,685 |
Note 13 - Capital Stock - Sch_2
Note 13 - Capital Stock - Schedule of Outstanding Unvested Stock Options (Details) - $ / shares | 3 Months Ended | ||
Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | |
Nonvested balance (in shares) | 1,646,169 | 2,025,563 | 2,186,154 |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 1.74 | $ 1.74 | $ 1.79 |
Issuance of Replacement Options (Note 3), number of stock options (in shares) | 2,301,750 | ||
Issuance of Replacement Options (Note 3), Weighted Average Exercise Price (in dollars per share) | $ 1.75 | ||
Granted, number of stock options (in shares) | 100,000 | 15,464 | 5,000 |
Granted, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.04 | $ 2.40 | $ 2.70 |
Vested (in shares) | (15,680) | (394,858) | (2,467,341) |
Vested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 1.56 | $ 1.78 | $ 1.79 |
Nonvested balance (in shares) | 1,730,489 | 1,646,169 | 2,025,563 |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 1.76 | $ 1.74 | $ 1.74 |
Note 13 - Capital Stock - Summa
Note 13 - Capital Stock - Summary of Stock Options Outstanding and Exercisable (Details) - $ / shares | 3 Months Ended | |||
Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Jul. 31, 2022 | |
Options Outstanding (in shares) | 8,436,909 | 8,674,409 | 8,856,055 | 8,880,527 |
Options outstanding, weighted average exercise price (in dollars per share) | $ 1.67 | $ 1.65 | $ 1.65 | $ 1.58 |
Options outstanding, weighted average remaining contractual term (Year) | 6 years 5 months 1 day | |||
Options exercisable (in shares) | 6,706,420 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 1.36 | |||
Options exercisable, weighted average remaining contractual term (Year) | 5 years 11 months 12 days | |||
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 (in shares) | 3,592,124 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 0.92 | |||
Options outstanding, weighted average remaining contractual term (Year) | 6 years 9 months 10 days | |||
Options exercisable (in shares) | 3,592,124 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 0.92 | |||
Options exercisable, weighted average remaining contractual term (Year) | 6 years 9 months 10 days | |||
Exercise Price Range 2 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 1 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 1.99 | |||
Options Outstanding (in shares) | 2,442,500 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 1.29 | |||
Options outstanding, weighted average remaining contractual term (Year) | 4 years 1 month 13 days | |||
Options exercisable (in shares) | 2,000,832 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 1.33 | |||
Options exercisable, weighted average remaining contractual term (Year) | 3 years 5 months 8 days | |||
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 (in shares) | 918,954 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 2.22 | |||
Options outstanding, weighted average remaining contractual term (Year) | 7 years 11 months 15 days | |||
Options exercisable (in shares) | 687,183 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 2.22 | |||
Options exercisable, weighted average remaining contractual term (Year) | 7 years 10 months 13 days | |||
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) | $ 3.99 | |||
Options Outstanding (in shares) | 1,478,331 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 3.76 | |||
Options outstanding, weighted average remaining contractual term (Year) | 8 years 4 months 13 days | |||
Options exercisable (in shares) | 425,031 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 3.78 | |||
Options exercisable, weighted average remaining contractual term (Year) | 7 years 7 months 9 days | |||
Exercise Price Range 5 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 4 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 4.23 | |||
Options Outstanding (in shares) | 5,000 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 4.23 | |||
Options outstanding, weighted average remaining contractual term (Year) | 9 years 5 months 26 days | |||
Options exercisable (in shares) | 1,250 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 4.23 | |||
Options exercisable, weighted average remaining contractual term (Year) | 9 years 5 months 26 days |
Note 13 - Capital Stock - Sum_2
Note 13 - Capital Stock - Summary of Outstanding Unvested RSUs (Details) - Restricted Stock Units (RSUs) [Member] $ / shares in Units, $ in Thousands | 9 Months Ended |
Apr. 30, 2023 USD ($) $ / shares shares | |
Number of Restricted Stock Units (in shares) | shares | 836,034 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 2.61 |
Remaining Life (Year) | 1 year 4 months 13 days |
Aggregate Intrinsic Value | $ | $ 2,183 |
July 16, 2020 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 217,498 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 0.91 |
Remaining Life (Year) | 2 months 15 days |
Aggregate Intrinsic Value | $ | $ 568 |
July 21, 2021 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 271,746 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 2.15 |
Remaining Life (Year) | 1 year 2 months 23 days |
Aggregate Intrinsic Value | $ | $ 709 |
May 01, 2022 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 58,824 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 4.25 |
Remaining Life (Year) | 2 years 3 days |
Aggregate Intrinsic Value | $ | $ 154 |
July 29, 2022 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 287,966 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 3.98 |
Remaining Life (Year) | 2 years 3 months |
Aggregate Intrinsic Value | $ | $ 752 |
Note 13 - Capital Stock - Sum_3
Note 13 - Capital Stock - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Apr. 30, 2022 | Jan. 31, 2022 | Oct. 31, 2021 | Apr. 30, 2023 | Apr. 30, 2022 | |
Share-Based Payment Arrangement, Noncash Expense | $ 1,182 | $ 951 | $ 4,455 | $ 3,526 | ||||
Common stock issued | 211 | $ 262 | $ 299 | 344 | $ 399 | $ 355 | ||
Consultants [Member] | ||||||||
Common stock issued to consultants | 107 | 158 | 382 | 664 | ||||
Amortization of expenses | 95 | 37 | 467 | 174 | ||||
Share-Based Payment Arrangement, Noncash Expense | 202 | 195 | 849 | 838 | ||||
Management [Member] | ||||||||
Amortization of expenses | 95 | 91 | 323 | 382 | ||||
Share-Based Payment Arrangement, Noncash Expense | 441 | 347 | 1,376 | 1,162 | ||||
Management [Member] | Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PRSUs) [Member] | ||||||||
Amortization of expenses | 346 | 256 | 1,053 | 780 | ||||
Employees [Member] | ||||||||
Share-Based Payment Arrangement, Noncash Expense | 539 | 409 | 2,230 | 1,526 | ||||
Common stock issued | 188 | 282 | 675 | 894 | ||||
Employees [Member] | Share-Based Payment Arrangement, Option [Member] | ||||||||
Amortization of expenses | 314 | 127 | 1,441 | 632 | ||||
Employees [Member] | Restricted Stock Units (RSUs) [Member] | ||||||||
Amortization of expenses | $ 37 | $ 0 | $ 114 | $ 0 |
Note 14 - Sales and Service R_3
Note 14 - Sales and Service Revenue and Cost of Sales and Services (Details Textual) | 1 Months Ended | 9 Months Ended |
Jun. 08, 2023 USD ($) lb | Apr. 30, 2023 lb | |
Inventory, Balance , Mass (Pound) | 771,000 | |
Subsequent Event [Member] | ||
Inventory, Balance , Mass (Pound) | 100,000 | |
Proceeds From Sale of Inventory | $ | $ 5,405 | |
Subsequent Event [Member] | Supply Commitment [Member] | ||
Inventory, Balance , Mass (Pound) | 200,000 | |
Proceeds From Sale of Inventory | $ | $ 10,835 | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Sale of Inventory [Member] | Customer A [Member] | ||
Concentration Risk, Percentage | 20% | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Sale of Inventory [Member] | Customer B [Member] | ||
Concentration Risk, Percentage | 16% | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Sale of Inventory [Member] | Customer C [Member] | ||
Concentration Risk, Percentage | 16% | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Sale of Inventory [Member] | Customer D [Member] | ||
Concentration Risk, Percentage | 14% | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Sale of Inventory [Member] | Customer E [Member] | ||
Concentration Risk, Percentage | 10% | |
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Sale of Inventory [Member] | Other Customer [Member] | ||
Concentration Risk, Percentage | 24% |
Note 14 - Sales and Service R_4
Note 14 - 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 | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2023 | Apr. 30, 2022 | Apr. 30, 2023 | Apr. 30, 2022 | |
SALES AND SERVICE REVENUE | $ 20,217 | $ 9,892 | $ 125,440 | $ 23,083 |
COST OF SALES AND SERVICES | (13,998) | (6,555) | (90,793) | (15,803) |
Sale of Inventory [Member] | ||||
SALES AND SERVICE REVENUE | 20,095 | 9,800 | 125,140 | 22,946 |
COST OF SALES AND SERVICES | (13,896) | (6,478) | (90,543) | (15,689) |
Toll Processing Services [Member] | ||||
SALES AND SERVICE REVENUE | 122 | 92 | 300 | 137 |
COST OF SALES AND SERVICES | $ (102) | $ (77) | $ (250) | $ (114) |
Note 15 - Income (Loss) Per S_3
Note 15 - 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 | 3 Months Ended | 9 Months Ended | ||||||
Apr. 30, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Apr. 30, 2022 | Jan. 31, 2022 | Oct. 31, 2021 | Apr. 30, 2023 | Apr. 30, 2022 | |
Net Income (loss) for the period | $ (10,960) | $ 10,892 | $ (3,756) | $ 7,344 | $ (5,474) | $ (2,074) | $ (3,824) | $ (204) |
Basic Weighted Average Number of Shares (in shares) | 375,759,521 | 281,668,948 | 360,554,427 | 265,709,463 | ||||
Dilutive Effect of Stock Awards and Warrants (in shares) | 0 | 10,092,007 | 0 | 0 | ||||
Diluted Weighted Average Number of Shares (in shares) | 375,759,521 | 291,760,955 | 360,554,427 | 265,709,463 | ||||
Net Income (Loss) Per Share - Basic (in dollars per share) | $ (0.03) | $ 0.03 | $ (0.01) | $ 0 | ||||
Net Income (Loss) Per Share - Diluted (in dollars per share) | $ (0.03) | $ 0.03 | $ (0.01) | $ 0 |
Note 16 - Segmented Informati_3
Note 16 - Segmented Information (Details Textual) | 9 Months Ended |
Apr. 30, 2023 | |
Number of Reportable Segments | 1 |
Note 16 - Segmented Informati_4
Note 16 - Segmented Information - Long-term Assets by Geographic Segments (Details) - USD ($) $ in Thousands | Apr. 30, 2023 | Jul. 31, 2022 |
Mineral rights and properties | $ 559,451 | $ 181,948 |
Property, Plant and Equipment | 19,777 | 20,234 |
Restricted Cash | 7,251 | 7,251 |
Equity-accounted investment | 45,886 | 24,177 |
Investment in Equity Securities | 38,361 | 14,834 |
Other non-current assets | 3,141 | 3,612 |
Total Long-Term Assets | 673,867 | 252,056 |
UNITED STATES | ||
Mineral rights and properties | 166,001 | 165,952 |
Property, Plant and Equipment | 19,377 | 19,841 |
Restricted Cash | 7,251 | 7,251 |
Equity-accounted investment | 0 | 0 |
Investment in Equity Securities | 0 | 0 |
Other non-current assets | 3,014 | 3,093 |
Total Long-Term Assets | 195,643 | 196,137 |
CANADA | ||
Mineral rights and properties | 378,436 | 982 |
Property, Plant and Equipment | 36 | 26 |
Restricted Cash | 0 | 0 |
Equity-accounted investment | 45,886 | 24,177 |
Investment in Equity Securities | 38,361 | 14,834 |
Other non-current assets | 127 | 519 |
Total Long-Term Assets | 462,846 | 40,538 |
PARAGUAY | ||
Mineral rights and properties | 15,014 | 15,014 |
Property, Plant and Equipment | 364 | 367 |
Restricted Cash | 0 | 0 |
Equity-accounted investment | 0 | 0 |
Investment in Equity Securities | 0 | 0 |
Other non-current assets | 0 | 0 |
Total Long-Term Assets | $ 15,378 | $ 15,381 |