Uranium Energy (UEC) 10-Q 9 Jun 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Apr. 30, 2016	Jun. 06, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	URANIUM ENERGY CORP
Entity Central Index Key	1,334,933
Current Fiscal Year End Date	--07-31
Entity Filer Category	Accelerated Filer
Trading Symbol	UEC
Entity Common Stock, Shares Outstanding		116,414,054

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Apr. 30, 2016	Jul. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 10,086,805	$ 10,092,408
Inventories	251,999	251,999
Prepaid expenses and deposits	751,598	444,500
Other current assets	24,730	18,711
Total Current Assets	11,115,132	10,807,618
MINERAL RIGHTS AND PROPERTIES	38,163,086	38,437,967
PROPERTY, PLANT AND EQUIPMENT	7,020,860	6,948,647
RECLAMATION DEPOSITS	1,706,026	1,706,025
OTHER LONG-TERM ASSET	1,553,388	0
Total Assets	59,558,492	57,900,257
CURRENT LIABILITIES
Accounts payable and accrued liabilities	2,113,018	2,538,544
Due to related parties	897	14,660
Current portion of long-term debt	0	1,666,667
Current portion of asset retirement obligations	0	340,827
Total Current Liabilities	2,113,915	4,560,698
DEFERRED INCOME TAX LIABILITIES	653,154	676,064
LONG-TERM DEBT	18,913,370	18,090,811
OTHER LONG-TERM LIABILITY	315,519	0
ASSET RETIREMENT OBLIGATIONS	3,932,073	3,586,019
Total Liabilities	25,928,031	26,913,592
STOCKHOLDERS' EQUITY
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 116,092,655 shares issued and outstanding (July 31, 2015 - 97,834,087)	116,093	97,841
Additional paid-in capital	239,105,949	222,927,529
Accumulated deficit	(205,576,668)	(192,024,074)
Accumulated other comprehensive loss	(14,913)	(14,631)
Total Stockholders' Equity	33,630,461	30,986,665
Total Liabilities and Stockholders' Equity	$ 59,558,492	$ 57,900,257
COMMITMENTS AND CONTINGENCIES

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Apr. 30, 2016	Jul. 31, 2015
Common Stock, Par Value (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	750,000,000	750,000,000
Common Stock, Shares Issued	116,092,655	97,834,087
Common Stock, Shares Outstanding	116,092,655	97,834,087

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
SALES	$ 0	$ 0	$ 0	$ 0
COSTS AND EXPENSES
Cost of sales	0	0	0	0
Mineral property expenditures	725,968	1,045,842	3,408,813	4,560,241
General and administrative	2,005,465	3,167,896	7,086,669	9,711,933
Depreciation, amortization and accretion	205,488	374,082	680,573	1,440,808
Impairment loss on mineral properties	0	0	86,535	0
Total Operating Expenses	2,936,921	4,587,820	11,262,590	15,712,982
LOSS FROM OPERATIONS	(2,936,921)	(4,587,820)	(11,262,590)	(15,712,982)
OTHER INCOME (EXPENSES)
Interest income	7,221	1,640	14,470	9,646
Interest expenses and finance costs	(710,767)	(764,761)	(2,278,230)	(2,270,104)
Loss on disposition of assets	0	2,400	(2,186)	(498)
Realized loss on available-for-sale securities	0	(3,023)	0	(3,023)
Loss on settlement of current liabilities	(46,968)	0	(46,968)	0
Total Non-Operating Income Expense	(750,514)	(763,744)	(2,312,914)	(2,263,979)
LOSS BEFORE INCOME TAXES	(3,687,435)	(5,351,564)	(13,575,504)	(17,976,961)
DEFERRED INCOME TAX BENEFIT	8,380	3,835	22,910	27,465
NET LOSS FOR THE PERIOD	(3,679,055)	(5,347,729)	(13,552,594)	(17,949,496)
OTHER COMPREHENSIVE LOSS (INCOME), NET OF INCOME TAXES	136	207	(282)	(1,465)
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD	$ (3,678,919)	$ (5,347,522)	$ (13,552,876)	$ (17,950,961)
NET LOSS PER SHARE, BASIC AND DILUTED (in dollars per share)	$ (0.03)	$ (0.06)	$ (0.13)	$ (0.20)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED (in shares)	109,710,985	92,034,908	102,588,834	91,683,568

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
CASH PROVIDED BY (USED IN): OPERATING ACTIVITIES
Net loss for the period	$ (13,552,594)	$ (17,949,496)
Adjustments to reconcile net loss to cash flows in operating activities
Stock-based compensation	2,487,651	4,628,544
Depreciation, amortization and accretion	680,573	1,440,808
Amortization of long-term debt discount	960,807	994,668
Re-valuation of asset retirement obligations	(184,381)	0
Impairment loss on mineral properties	86,535	0
Loss on disposition of assets	2,186	498
Realized loss on available-for-sale securities	0	3,023
Loss on settlement of current liabilities	46,968	0
Deferred income tax benefit	(22,910)	(27,465)
Changes in operating assets and liabilities
Inventories	0	(244,045)
Prepaid expenses and deposits	(303,294)	(94,035)
Other current assets	(6,301)	(478)
Accounts payable and accrued liabilities	(460,536)	(513,926)
NET CASH FLOWS USED IN OPERATING ACTIVITIES	(10,265,296)	(11,761,904)
FINANCING ACTIVITIES
Shares issuance for cash, net of issuance costs	10,324,264	435,590
Due to related parties	0	19,394
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	10,324,264	454,984
INVESTING ACTIVITIES
Net cash used in asset acquisition	(46,084)	0
Investment in mineral rights and properties	0	(73,624)
Purchase of property, plant and equipment	(19,304)	(10,905)
Proceeds from disposition of assets	818	2,400
Cash proceeds from the release of reclamation deposits	0	5,663,158
Payment of collateral for surety bonds	0	(1,690,208)
Decrease in reclamation deposits	(1)	(346)
NET CASH FLOWS (USED IN) PROVIDED BY INVESTING ACTIVITIES	(64,571)	3,890,475
NET CASH FLOWS	(5,603)	(7,416,445)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	10,092,408	8,839,892
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 10,086,805	$ 1,423,447

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 9 months ended Apr. 30, 2016 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Jul. 31, 2015	$ 30,986,665	$ 97,841	$ 222,927,529	$ (192,024,074)	$ (14,631)
Balance (in shares) at Jul. 31, 2015		97,834,087
Common stock Issued for equity financing, net of issuance costs	9,984,517	$ 12,365	9,972,152	0	0
Common stock Issued for equity financing, net of issuance costs (in shares)		12,364,704
Common stock Issued for exercise of stock options	225,115	$ 682	224,433	0	0
Common stock Issued for exercise of stock options (in shares)		682,167
Common stock Issued for credit facility	1,700,000	$ 1,712	1,698,288	0	0
Common stock Issued for credit facility (in shares)		1,711,933
Common stock Issued for asset acquisition	1,226,875	$ 1,334	1,225,541	0	0
Common stock Issued for asset acquisition (in shares)		1,333,560
Common stock Issued for settlement of current liabilities	453,444	$ 487	452,957	0	0
Common stock Issued for settlement of current liabilities (in shares)		487,574
Stock-based compensation Common stock issued for consulting services	1,338,091	$ 1,370	1,336,721	0	0
Stock-based compensation Common stock issued for consulting services (in shares)		1,370,843
Stock-based compensation Common stock issued for compensation	279,330	$ 302	279,028	0	0
Stock-based compensation Common stock issued for compensation (in shares)		307,787
Stock-based compensation Stock options issued to consultants	66,317	$ 0	66,317	0	0
Stock-based compensation Stock options issued to management	640,789	0	640,789	0	0
Stock-based compensation Stock options issued to employees	163,124	0	163,124	0	0
Stock-based compensation Warrants extension for mineral property	14,155	0	14,155	0	0
Warrants extension for credit facility	104,915	0	104,915	0	0
Net loss for the period	(13,552,594)	0	0	(13,552,594)	0
Other comprehensive loss	(282)	0	0	0	(282)
Balance at Apr. 30, 2016	$ 33,630,461	$ 116,093	$ 239,105,949	$ (205,576,668)	$ (14,913)
Balance (in shares) at Apr. 30, 2016		116,092,655

NATURE OF OPERATIONS AND GOING

NATURE OF OPERATIONS AND GOING CONCERN	9 Months Ended
	Apr. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1: NATURE OF OPERATIONS AND GOING CONCERN Uranium Energy Corp. was incorporated in the State of Nevada on May 16, 2003 Although planned principal operations have commenced from which significant revenues from sales of uranium concentrates were realized for the fiscal years ended July 31, 2015 (“Fiscal 2015”), 2013 (“Fiscal 2013”) and 2012 (“Fiscal 2012”), the Company has yet to achieve profitability and has had a history of operating losses resulting in an accumulated deficit balance since inception. No revenue from uranium sales was realized for the nine months ended April 30, 2016 and the fiscal year ended July 31, 2014 (“Fiscal 2014”). Historically, the Company has been reliant primarily on equity financings from the sale of its common stock and, during Fiscal 2014 and Fiscal 2013, on debt financing in order to fund its operations, and this reliance is expected to continue for the foreseeable future. At April 30, 2016, the Company had a working capital of $ 9.0 10.1 These consolidated financial statements have been prepared on a going concern basis and do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary in the event the Company can no longer continue as a going concern.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Apr. 30, 2016
Accounting Policies [Abstract]
Business Description and Basis of Presentation [Text Block]	NOTE 2: BASIS OF PRESENTATION The accompanying unaudited interim condensed consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required under U.S. GAAP for complete financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended July 31, 2015. In the opinion of management, all adjustments of a normal recurring nature and considered necessary for a fair presentation have been made. Operating results for the nine months ended April 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending July 31, 2016. Certain comparative figures have been reclassified to conform to the current year’s presentation. Exploration Stage The Company has established the existence of mineralized materials for certain uranium projects, including the Palangana Mine. The Company has not established proven or probable reserves, as defined by the United States Securities and Exchange Commission (the “SEC”) under Industry Guide 7, through the completion of a “final” or “bankable” feasibility study for any of its uranium projects, including the Palangana Mine. Furthermore, the Company has no plans to establish proven or probable reserves for any of its uranium projects for which the Company plans on utilizing in-situ recovery (“ISR”) mining, such as the Palangana Mine. As a result, and despite the fact that the Company commenced extraction of mineralized materials at the Palangana Mine in November 2010, the Company remains in the Exploration Stage as defined under Industry Guide 7, and will continue to remain in the Exploration Stage until such time proven or probable reserves have been established. Since the Company commenced extraction of mineralized materials at the Palangana Mine without having established proven or probable reserves, any mineralized materials established or extracted from the Palangana Mine should not in any way be associated with having established or produced from proven or probable reserves. 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 the Company exits the Exploration Stage by establishing proven or probable reserves. Expenditures relating to exploration activities such as drill programs to establish mineralized materials are expensed as incurred. Expenditures relating to pre-extraction activities such as the construction of mine wellfields, ion exchange facilities and disposal wells are expensed as incurred until such time proven or probable reserves are established for that project, after which expenditures relating to mine development activities for that particular project are capitalized as incurred. Companies in the Production Stage as defined under Industry Guide 7, 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. The Company is in the Exploration Stage which has resulted in the Company reporting larger losses than if it had been in the Production Stage due to the expensing, rather than capitalization, of expenditures relating to ongoing mill and mine development activities. Additionally, there would be no corresponding amortization allocated to future reporting periods of the Company since those costs would have been expensed previously, resulting in both lower inventory costs and cost of goods sold and results of operations with higher gross profits and lower losses than if the Company had been in the Production Stage. Any capitalized costs, such as expenditures relating to the acquisition of mineral rights, are depleted over the estimated extraction life using the straight-line method. As a result, the Company’s consolidated financial statements may not be directly comparable to the financial statements of companies in the Production Stage. Recently Issued Accounting Pronouncement In March 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-09, Improvement to Employee Share-Based Payment Accounting (“ASU 2016-09”) as part of its simplification initiative. ASU 2016-09 allows an entity to make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current U.S. GAAP) or account for forfeitures when they occur. For public business entities, ASU 2016-09 is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company plans to make an election to account for forfeitures when they occur for the fiscal year ending July 31, 2017, and doesn’t expect that this election would have a significant impact on the Company’s consolidated financial statements.

MINERAL RIGHTS AND PROPERTIES

MINERAL RIGHTS AND PROPERTIES	9 Months Ended
	Apr. 30, 2016
Mineral Industries Disclosures [Abstract]
Mineral Industries Disclosures [Text Block]	NOTE 3: MINERAL RIGHTS AND PROPERTIES Mineral Rights At April 30, 2016, the Company had mineral rights in the States of Arizona, Colorado, New Mexico, Texas and Wyoming and in the Republic of Paraguay. These mineral rights were acquired through staking, purchase or lease agreements and are subject to varying royalty interests, some of which are indexed to the sale price of uranium. At April 30, 2016, annual maintenance payments of approximately $ 2,500,000 April 30, 2016 July 31, 2015 Mineral Rights and Properties Palangana Mine $ 6,562,348 $ 6,587,135 Goliad Project 8,689,127 8,689,127 Burke Hollow Project 1,495,750 1,495,750 Longhorn Project 116,870 116,870 Salvo Project 14,905 14,905 Nichols Project 154,774 154,774 Anderson Project 9,154,268 9,154,268 Workman Creek Project 1,472,008 1,472,008 Los Cuatros Project 257,250 257,250 Slick Rock Project 615,650 661,271 Yuty Project 11,947,144 11,947,144 Coronel Oviedo Project 1,133,412 1,133,412 Other Property Acquisitions 244,827 285,741 41,858,333 41,969,655 Accumulated Depletion (3,929,884) (3,929,884) 37,928,449 38,039,771 Databases 2,410,038 2,410,038 Accumulated Amortization (2,314,890) (2,166,966) 95,148 243,072 Land Use Agreements 404,310 390,155 Accumulated Amortization (264,821) (235,031) 139,489 155,124 $ 38,163,086 $ 38,437,967 The Company has not established proven or probable reserves, as defined by the SEC under Industry Guide 7, for any of its mineral projects. The Company has established the existence of mineralized materials for certain uranium projects, including the Palangana Mine. Since the Company commenced uranium extraction at the Palangana Mine without having established proven or probable reserves, there may be greater inherent uncertainty as to whether or not any mineralized material can be economically extracted as originally planned and anticipated. During the nine months ended April 30, 2016, the asset retirement obligations (“ARO”) of the Palangana Mine were revised due to changes in the estimated timing of restoration and reclamation of the Palangana Mine, resulting in the corresponding mineral rights and properties being reduced by $ 24,787 184,381 During the nine months ended April 30, 2016, the Company abandoned certain mineral interests at projects located in Colorado and New Mexico having a combined acquisition cost of $ 86,535 86,535 During the three and nine months ended April 30, 2016, the Company continued with the strategic plan for reduced operations implemented in Fiscal 2014 and further reduced operations at the Palangana Mine to capture residual uranium only. As a result, no depletion for the Palangana Mine was recorded on the Company’s consolidated financial statements for the three and nine months ended April 30, 2016. Three Months Ended April 30, Nine Months Ended April 30, 2016 2015 2016 2015 Mineral Property Expenditures Palangana Mine $ 280,345 $ 500,535 $ 1,031,625 $ 1,621,391 Goliad Project 26,848 25,631 71,679 79,924 Burke Hollow Project 48,409 94,702 974,661 1,235,250 Longhorn Project 247 22,276 4,620 52,999 Salvo Project 4,622 16,751 21,697 39,590 Anderson Project 3,564 50,142 170,780 173,564 Workman Creek Project 418 - 32,109 31,300 Slick Rock Project - 2,924 53,861 52,708 Yuty Project 89,246 41,274 291,788 301,035 Coronel Oviedo Project 136,031 132,315 422,763 428,077 Other Mineral Property Expenditures 136,238 159,292 517,611 544,403 Re-valuation of Asset Retirement Obligations - - (184,381) - $ 725,968 $ 1,045,842 $ 3,408,813 $ 4,560,241

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Apr. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	PROPERTY, PLANT AND EQUIPMENT April 30, 2016 July 31, 2015 Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value Hobson Processing Facility $ 6,819,088 $ (773,933) $ 6,045,155 $ 6,819,088 $ (773,933) $ 6,045,155 Mining Equipment 2,440,105 (2,202,485) 237,620 2,452,572 (2,019,996) 432,576 Logging Equipment and Vehicles 1,962,895 (1,785,206) 177,689 1,962,895 (1,714,908) 247,987 Computer Equipment 585,434 (549,175) 36,259 615,064 (573,355) 41,709 Furniture and Fixtures 172,215 (167,598) 4,617 182,802 (176,726) 6,076 Land 519,520 - 519,520 175,144 - 175,144 $ 12,499,257 $ (5,478,397) $ 7,020,860 $ 12,207,565 $ (5,258,918) $ 6,948,647 During the three and nine months ended April 30, 2016, no uranium concentrate was processed at the Hobson Processing Facility due to the further reduced operations at the Palangana Mine. As a result, no depreciation for the Hobson Processing Facility was recorded on the consolidated financial statements for the three and nine months ended April 30, 2016.

RECLAMATION DEPOSITS

RECLAMATION DEPOSITS	9 Months Ended
	Apr. 30, 2016
RECLAMATION DEPOSITS [Abstract]
Reclamation Deposits [Text Block]	RECLAMATION DEPOSITS Reclamation deposits include interest and non-interest bearing deposits issued in the States of Arizona, Texas and Wyoming relating to exploration, pre-extraction, extraction and reclamation activities in the respective states where the deposits are held. April 30, 2016 July 31, 2015 Palangana Mine $ 1,102,981 $ 1,102,981 Hobson Processing Facility 587,228 587,228 Arizona 15,000 15,000 Wyoming 817 816 $ 1,706,026 $ 1,706,025

OTHER LONG-TERM ASSET AND LIABI

OTHER LONG-TERM ASSET AND LIABILITY	9 Months Ended
	Apr. 30, 2016
Other Long term Asset and Liability [Abstract]
Other Long term Asset and Liability [Text Block]	OTHER LONG-TERM ASSET AND LIABILITY On March 4, 2016, the Company entered into a share purchase and option agreement (the “SPOA”) with CIC Resources Inc. (the “Vendor”) pursuant to which the Company acquired (the “Acquisition”) all of the issued and outstanding shares of JDL Resources Inc. (“JDL”), a wholly-owned subsidiary of the Vendor, and was granted an option to acquire all of the issued and outstanding shares of CIC Resources (Paraguay) Inc. (“CIC”; the “Option”), another wholly-owned subsidiary of the Vendor. JDL’s principal assets include a piece of land located in the department of Alto Parana in the Republic of Paraguay. CIC is the beneficial owner of Paraguay Resources Inc. which is the 100 Pursuant to the SPOA, the Company issued 1,333,560 50,000 250,000 1.5 0.5 500,000 In accordance with Accounting Standard Codification (“ASC”) 360, Property, Plant and Equipment, the acquisition of JDL was accounted for as an asset acquisition as it was determined that JDL’s operations do not meet the definition of a business as defined in ASC 805 Business Combinations. Consideration paid 1,333,560 UEC common shares at $0.92 per share $ 1,226,875 Cash consideration 50,000 Cash payable upon exercise the Option 250,000 Transaction costs 63,090 $ 1,589,965 Assets acquired and liabilities assumed Cash and cash equivalents $ 3,916 Prepaid expenses 3,804 Land 344,376 Other long-term asset (Option to acquire CIC) 1,553,388 Due to CIC (315,519) $ 1,589,965 The Company holds a variable interest in CIC as a result of the Option; however, it is not the primary beneficiary due to the fact that the Company does not have the power over decisions that significantly affect CIC’s economic performance. Accordingly, UEC does not consolidate the results of CIC. Therefore, the other long-term asset effectively represents the amount paid in advance ($ 1,303,388 250,000 The Company’s maximum exposure to loss from the unconsolidated variable interest entity at April 30, 2016, which would arise if UEC is unable to exercise the Option, was approximately $ 1.3 1,553,388 The $250,000 cash payment which UEC will be required to make upon exercise of the Option has been recorded as a liability within Accounts Payable and Accrued Liabilities, and included in the consideration paid as it was determined to be probably that this payment will be made. The liability of $ 315,519

DUE TO RELATED PARTIES AND RELA

DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS	9 Months Ended
	Apr. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS During the three and nine months ended April 30, 2016, the Company incurred $ 30,134 128,727 45,443 118,101 During the three months ended April 30, 2016, the Company issued 117,998 109,738 98,371 11,367 15,000 18,150 At April 30, 2016, amounts owed to related parties totaled $ 897 14,660

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Apr. 30, 2016
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	LONG-TERM DEBT On February 9, 2016, the Company entered into a second amended and restated credit agreement (the “Second Amended and Restated Credit Agreement”) with its lenders, Sprott Resource Lending Partnership, CEF (Capital Markets) Limited and Resource Income Partners Limited Partnership (collectively, the “Lenders”), whereby the Company and the Lenders agreed to certain further amendments to the $ 20,000,000 ⋅ extension of the maturity date from July 31, 2017 to January 1, 2020 ⋅ deferral of the monthly ⋅ re-pricing and extension of the existing bonus warrants comprised of 2,600,000 2.50 1.35 one and a half years from July 30, 2018 ⋅ issuance of second extension fee shares equal to 4 800,000 959,613 10 ⋅ payment of second extension anniversary fees to the Lenders on each of February 1, 2017, 2018 and 2019, of 5.5 4.5 4.5 ⋅ maintenance at all times of a working capital ratio of not less than 1:1 Under the terms of the Second Amended and Restated Credit Agreement, the non-revolving Credit Facility has an interest rate of 8 14.28 The Second Amended and Restated Credit Agreement supersedes, in their entirety, the prior Amended and Restated Credit Agreement dated and effective March 13, 2014 and the prior Credit Agreement dated and effective July 30, 2013. The incremental value associated with the re-pricing and extension of the bonus warrants was determined to be $ 104,915 Expected Life in Years 3.98 Expected Annual Volatility 71.10 % Expected Risk Free Interest Rate 1.00 % Expected Dividend Yield 0.00 % April 30, 2016 July 31, 2015 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount (1,086,630) (242,522) Long-term debt, net of unamortized discount 18,913,370 19,757,478 For the three and nine months ended April 30, 2016 and 2015, the amortization of debt discount totaled $ 277,417 960,807 336,362 994,668 During the nine months ended April 30, 2016, prior to the execution of the Second Amended and Restated Credit Agreement, and pursuant to the terms of the Amended and Restated Credit Agreement dated and effective March 13, 2014, the Company paid bonus shares to its lenders through the issuance of 752,320 900,000 20,000,000 Fiscal 2016 $ - Fiscal 2017 - Fiscal 2018 - Fiscal 2019 10,000,000 Fiscal 2020 10,000,000 Total $ 20,000,000

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	9 Months Ended
	Apr. 30, 2016
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation Disclosure [Text Block]	ASSET RETIREMENT OBLIGATIONS The Company’s asset retirement obligations relate to future remediation and decommissioning activities at the Palangana Mine and Hobson Processing Facility. Balance, July 31, 2015 $ 3,926,846 Revision in estimate of asset retirement obligations (209,168) Accretion 214,395 Balance, April 30, 2016 $ 3,932,073 During the nine months ended April 30, 2016, the ARO for the Palangana Mine were revised due to changes in the estimated timing of restoration and reclamation of the Palangana Mine. As a result, ARO liabilities associated with the Palangana Mine were reduced by $ 209,168 24,787 184,381 April 30, 2016 July 31, 2015 Undiscounted amount of estimated cash flows $ 6,650,255 $ 6,600,868 Payable in years 2.1 to 15 2.5 to 15 Inflation rate 0.90% to 2.25 % 2.02% to 2.25 % Discount rate 5.15% to 8.00 % 6.56% to 8.00 % Fiscal 2016 $ - Fiscal 2017 139,052 Fiscal 2018 414,058 Fiscal 2019 667,984 Fiscal 2020 620,673 Remaining balance 4,808,488 $

CAPITAL STOCK

CAPITAL STOCK	9 Months Ended
	Apr. 30, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	CAPITAL STOCK Equity Financing During Fiscal 2014, the Company filed a Form S-3 “Shelf” Registration Statement effective January 10, 2014 (the “2014 Shelf”) providing for the public offer and sale of certain securities of the Company from time to time, at its discretion, up to an aggregate offering of $ 100 On March 10, 2016, the Company completed a registered offering of 12,364,704 0.85 10,510,000 1.20 6,182,351 411,997 1.20 The shares were valued at the Company’s closing price of $ 0.81 Expected Risk Free Interest Rate 1.11 % Expected Annual Volatility 74.34 % Expected Contractual Life in Years 3.00 Expected Annual Dividend Yield 0.00 % Fair Value of Shares $ 10,015,410 Fair Value of Share Purchase Warrants 1,938,995 Total Fair Value Before Allocation to Net Proceeds $ 11,954,405 Gross Proceeds $ 10,510,000 Share Issuance Costs - Cash (525,482) Net Cash Proceeds Received $ 9,984,518 Relative Fair Value Allocation to: Shares $ 8,365,038 Share Purchase Warrants 1,619,480 $ 9,984,518 At April 30, 2016, a total of $ 35.1 64.9 · on June 25, 2015: $ 10.0 6.7 · on March 10, 2016: $ 10.5 7.9 Share Transactions Common Value per Share Issuance Period / Description Shares Issued Low High Value Balance, July 31, 2015 97,834,087 Bonus Shares for Credit Facility 752,320 $ 1.20 $ 1.20 $ 900,000 Consulting Services 274,982 1.03 1.38 305,594 Share Compensation 33,315 1.00 1.12 35,264 Balance, October 31, 2015 98,894,704 Consulting Services 581,421 0.72 1.12 608,179 Share Compensation 71,588 1.06 1.08 76,236 Options Exercised 682,167 0.33 0.33 225,115 Balance, January 31, 2016 100,229,880 Second Extension Fee Shares for Credit Facility 959,613 0.83 0.83 800,000 Settlement of Current Liabilities 487,574 0.93 0.93 453,444 Equity Financing 12,364,704 0.85 0.85 10,510,000 Asset Acquisition 1,333,560 0.92 0.92 1,226,875 Consulting Services 514,440 0.73 0.93 424,316 Share Compensation 202,884 0.75 0.96 167,830 Balance, April 30, 2016 116,092,655 Share Purchase Warrants Weighted Number of Warrants Expiry Date Weighted Average $ 1.20 6,594,348 March 10, 2019 2.86 1.35 2,600,000 January 30, 2020 3.75 1.95 50,000 June 3, 2018 2.09 2.12 2,850,000 June 25, 2018 2.15 2.60 1,859,524 October 23, 2016 0.48 $ 1.61 13,953,872 2.56 Stock Options At April 30, 2016, the Company had one stock option plan, the 2015 Stock Incentive Plan (the “2015 Plan”). The 2015 Plan provides for up to 9,600,250 10,569,301 Options Exercise Term Fair Expected Risk-Free Dividend Expected Date Issued Price (Years) Value Life (Years) Interest Rate Yield Volatility August 7, 2015 105,000 $ 1.32 5 $ 68,824 2.90 1.04 % 0.00 % 77.17 % October 14, 2015 1,000,000 1.14 5 563,195 2.90 0.81 % 0.00 % 77.01 % January 12, 2016 300,000 0.98 5 145,902 2.90 1.15 % 0.00 % 76.96 % Total 1,405,000 $ 777,921 Number of Stock Options Weighted Average Exercise Price Balance, July 31, 2015 10,581,975 $ 1.38 Issued 1,105,000 1.16 Forfeited (5,000) 1.32 Balance, October 31, 2015 11,681,975 1.36 Issued 300,000 0.98 Exercised (682,167) 0.33 Forfeited (180,000) 1.32 Expired (1,950) 5.90 Balance, January 31, 2016 11,117,858 1.42 Forfeited (72,500) 1.81 Balance, April 30, 2016 11,045,358 $ 1.41 At April 30, 2016, the aggregate intrinsic value under the provisions of ASC 718 of all outstanding stock options was estimated at $ 439,068 At April 30, 2016, unrecognized stock-based compensation expense related to the unvested portion of stock options granted under the Company’s 2015 Plan totaled $ 226,003 0.76 A summary of stock options outstanding and exercisable at April 30, 2016 is as follows: Options Outstanding Options Exercisable Weighted Weighted Average Weighted Weighted Average Average Remaining Average Remaining Range of Outstanding at Exercise Contractual Term Exercisable at Exercise Contractual Term Exercise Prices April 30, 2016 Price (Years) April 30, 2016 Price (Years) $0.45 to $0.96 1,269,634 $ 0.47 1.56 1,269,634 $ 0.47 1.56 $0.97 to $2.45 8,840,000 1.35 3.54 8,057,500 1.37 3.44 $2.46 to $5.70 935,724 3.29 4.09 935,724 3.29 4.09 11,045,358 $ 1.41 3.36 10,262,858 $ 1.44 3.27 Stock-Based Compensation Three Months Ended April 30 Nine Months Ended April 30 2016 2015 2016 2015 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 470,549 $ 502,854 $ 1,429,324 $ 1,380,279 Stock options issued to consultants (4,461) 346,995 66,317 721,430 466,088 849,849 1,495,641 2,101,709 Stock-Based Compensation for Management Common stock issued to management 45,299 - 81,495 - Stock options issued to management 195,464 263,306 640,789 1,424,585 240,763 263,306 722,284 1,424,585 Stock-Based Compensation for Employees Common stock issued to employees 76,299 - 106,602 - Stock options issued to employees 15,710 204,723 163,124 1,102,250 92,009 204,723 269,726 1,102,250 $ 798,860 $ 1,317,878 $ 2,487,651 $ 4,628,544

LOSS PER SHARE

LOSS PER SHARE	9 Months Ended
	Apr. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	LOSS PER SHARE Three Months Ended April 30, Nine Months Ended April 30, 2016 2015 2016 2015 Numerator Net Loss for the Period $ (3,679,055) $ (5,347,729) $ (13,552,594) $ (17,949,496) Denominator Basic Weighted Average Number of Shares 109,710,985 92,034,908 102,588,834 91,683,568 Dilutive Stock Options and Warrants - - - - Diluted Weighted Average Number of Shares 109,710,985 92,034,908 102,588,834 91,683,568 Net Loss per Share, Basic and Diluted $ (0.03) $ (0.06) $ (0.13) $ (0.20) For the three and nine months ended April 30, 2016 and 2015, all outstanding stock options and share purchase warrants were excluded from the calculation of the diluted loss per share since the Company reported net losses for those periods and their effects would be anti-dilutive.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	9 Months Ended
	Apr. 30, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	SEGMENTED INFORMATION The Company currently operates in a single reportable segment and is focused on uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates. At April 30, 2016, long-term assets located in the U.S. totaled $ 33,436,732 69 48,443,360 April 30, 2016 United States Balance Sheet Items Texas Arizona Other States Canada Paraguay Total Mineral Rights and Properties $ 13,369,394 $ 10,891,861 $ 821,276 $ - $ 13,080,555 $ 38,163,086 Property, Plant and Equipment 6,648,175 - - 16,965 355,720 7,020,860 Reclamation Deposits 1,690,209 15,000 817 - - 1,706,026 Other Long-Term Assets - - - - 1,553,388 1,553,388 Total Long-Term Assets $ 21,707,778 $ 10,906,861 $ 822,093 $ 16,965 $ 14,989,663 $ 48,443,360 July 31, 2015 United States Balance Sheet Items Texas Arizona Other States Canada Paraguay Total Mineral Rights and Properties $ 13,555,492 $ 10,891,861 $ 910,059 $ - $ 13,080,555 $ 38,437,967 Property, Plant and Equipment 6,926,682 - - 7,502 14,463 6,948,647 Reclamation Deposits 1,690,209 15,000 816 - - 1,706,025 Total Long-Term Assets $ 22,172,383 $ 10,906,861 $ 910,875 $ 7,502 $ 13,095,018 $ 47,092,639 The tables below provide a breakdown of the Company’s operating results by geographic segments for the three and nine months ended April 30, 2016. All intercompany transactions have been eliminated. Three Months Ended April 30, 2016 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 495,830 3,982 881 - 225,275 725,968 General and administrative 1,426,110 66,534 989 514,853 (3,021) 2,005,465 Depreciation, amortization and accretion 200,732 - 750 2,385 1,621 205,488 2,122,672 70,516 2,620 517,238 223,875 2,936,921 Loss from operations (2,122,672) (70,516) (2,620) (517,238) (223,875) (2,936,921) Other income (expenses) (745,888) (4,663) - 31 6 (750,514) Loss before income taxes $ (2,868,560) $ (75,179) $ (2,620) $ (517,207) $ (223,869) $ (3,687,435) Three Months Ended April 30, 2015 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 786,935 50,119 35,199 - 173,589 1,045,842 General and administrative 2,400,403 51,889 4,368 707,481 3,755 3,167,896 Depreciation, amortization and accretion 368,448 - 501 2,741 2,392 374,082 3,555,786 102,008 40,068 710,222 179,736 4,587,820 Loss from operations (3,555,786) (102,008) (40,068) (710,222) (179,736) (4,587,820) Other income (expenses) (759,273) (4,640) - - 169 (763,744) Loss before income taxes $ (4,315,059) $ (106,648) $ (40,068) $ (710,222) $ (179,567) $ (5,351,564) Nine Months Ended April 30, 2016 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 2,347,348 213,885 133,031 - 714,549 3,408,813 General and administrative 5,074,713 141,526 2,652 1,865,839 1,939 7,086,669 Depreciation, amortization and accretion 667,080 - 2,250 6,017 5,226 680,573 Impairment loss on mineral properties - - 86,535 - - 86,535 8,089,141 355,411 224,468 1,871,856 721,714 11,262,590 Loss from operations (8,089,141) (355,411) (224,468) (1,871,856) (721,714) (11,262,590) Other income (expenses) (2,299,582) (14,198) - 849 17 (2,312,914) Loss before income taxes $ (10,388,723) $ (369,609) $ (224,468) $ (1,871,007) $ (721,697) $ (13,575,504) Nine Months Ended April 30, 2015 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 3,431,826 207,586 191,718 - 729,111 4,560,241 General and administrative 7,456,500 148,766 18,393 2,069,664 18,610 9,711,933 Depreciation, amortization and accretion 1,420,996 - 1,968 9,238 8,606 1,440,808 12,309,322 356,352 212,079 2,078,902 756,327 15,712,982 Loss from operations (12,309,322) (356,352) (212,079) (2,078,902) (756,327) (15,712,982) Other income (expenses) (2,249,325) (15,018) - (120) 484 (2,263 Loss before income taxes $ (14,558,647) $ (371,370) $ (212,079) $ (2,079,022) $ (755,843) $ (17,976,961)

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	9 Months Ended
	Apr. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 13: SUPPLEMENTAL CASH FLOW INFORMATION During the nine months ended April 30, 2016 and 2015, the Company issued 1,370,843 891,273 1,338,091 1,380,279 During the nine months ended April 30, 2016, the Company issued 307,787 279,330 During the nine months ended April 30, 2016 and 2015, the Company paid $ 1,217,778 1,213,333 During the nine months ended April 30, 2016, the Company issued 487,574 453,444 406,476 During the nine months ended April 30, 2016, the Company entered into a SPOA with CIC Resources Inc., pursuant to which the Company acquired all of the issued and outstanding shares of JDL Resources Inc. As consideration, the Company issued 1,333,560 50,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Apr. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES The Company is renting or leasing various office or storage space located in the United States, Canada and Paraguay with total monthly payments of $ 18,484 Fiscal 2016 $ 55,307 Fiscal 2017 217,867 Fiscal 2018 199,722 Fiscal 2019 88,979 Fiscal 2020 89,614 All subsequent years 59,743 $ 711,232 The Company is committed to pay its key executives a total of $ 750,000 The Company is subject to ordinary routine litigation incidental to its business. Except as disclosed below, the Company is not aware of any material legal proceedings pending or that have been threatened against the Company. On or about March 9, 2011, the Texas Commission on Environmental Quality (the “TCEQ”) granted the Company’s applications for a Class III Injection Well Permit, Production Area Authorization and Aquifer Exemption for its Goliad Project. On or about December 4, 2012, the U.S. Environmental Protection Agency (the “EPA”) concurred with the TCEQ issuance of the Aquifer Exemption permit (the “AE”). With the receipt of this concurrence, the final authorization required for uranium extraction, the Goliad Project achieved fully-permitted status. On or about May 24, 2011, a group of petitioners, inclusive of Goliad County, appealed the TCEQ action to the 250 th On or about April 3, 2012, the Company received notification of a lawsuit filed in the State of Arizona, in the Superior Court for the County of Yavapai, by certain petitioners (the “Plaintiffs”) against a group of defendants, including the Company and former management and board members of Concentric Energy Corp. (“Concentric”). The lawsuit asserts certain claims relating to the Plaintiffs’ equity investments in Concentric, including allegations that the former management and board members of Concentric engaged in various wrongful acts prior to and/or in conjunction with the merger of Concentric. The lawsuit originally further alleged that the Company was contractually liable for liquidated damages arising from a pre-merger transaction which the Company previously acknowledged and recorded as an accrued liability, and which portion of the lawsuit was settled in full by a cash payment of $ 149,194 500,000 50,000 On June 1, 2015, the Company received notice that Westminster Securities Corporation (“Westminster”) filed a suit in the United States District Court for the Southern District of New York, alleging a breach of contract relating to certain four-year warrants issued by Concentric in December 2008. Although the Concentric warrants expired by their terms on December 31, 2012, Westminster bases its claim upon transactions allegedly occurring prior to UEC’s merger with Concentric. The Company believes that this claim lacks merit and intends to vigorously defend the same. On or about June 29, 2015, Heather M. Stephens filed a class action complaint against the Company and two of its executive officers in the United States District Court, Southern District of Texas, with an amended class action complaint filed on November 16, 2015, (the “Securities Case”) seeking unspecified damages and alleging the defendants violated Section 17(b) of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Company has filed a motion to dismiss. On or about September 10, 2015, John Price filed a stockholder derivative complaint on behalf of the Company against the Company’s Board of Directors, executive management and three of its vice presidents in the United States District Court, Southern District of Texas, with an amended stockholder derivative complaint filed on December 4, 2015, (the “Federal Derivative Case”) seeking unspecified damages on behalf of the Company against the defendants for allegedly breaching their fiduciary duties to the Company with respect to the allegations in the Securities Case. The Company has filed a motion to dismiss. On or about October 2, 2015, Marnie W. McMahon filed a stockholder derivative complaint on behalf of the Company against the Company’s Board of Directors, executive management and three of its vice presidents in the District Court of Nevada (the “Nevada Derivative Case”) (collectively with the Federal Derivative Case, the “Derivative Cases”) seeking unspecified damages on behalf of the Company against the defendants for allegedly breaching their fiduciary duties to the Company with respect to the allegations in the Securities Case. On January 21, 2016, the court granted the Company’s motion to stay the Nevada Derivative Case pending the outcome of the Federal Derivative Case. The Company believes that the Securities Case and the Derivative Cases are without merit and intends to defend vigorously against them. The Company’s Board of Directors received a shareholder demand letter dated September 10, 2015 relating to the allegations in the Securities Case (the “Shareholder Demand”). The letter demands that the Board of Directors initiate an action against the Company’s Board of Directors and two of its executive officers to recover damages allegedly caused to the Company. The Board of Directors is reviewing the Shareholder Demand to determine the appropriate course of action. At any given time, the Company may enter into negotiations to settle outstanding legal proceedings and any resulting accruals will be estimated based on the relevant facts and circumstances applicable at that time. The Company does not expect that such settlements will, individually or in the aggregate, have a material effect on its financial position, results of operation.

MINERAL RIGHTS AND PROPERTIES (

MINERAL RIGHTS AND PROPERTIES (Tables)	9 Months Ended
	Apr. 30, 2016
Mineral Industries Disclosures [Abstract]
Schedule Of Mineral Rights and Property Acquisition Costs [Table Text Block]	April 30, 2016 July 31, 2015 Mineral Rights and Properties Palangana Mine $ 6,562,348 $ 6,587,135 Goliad Project 8,689,127 8,689,127 Burke Hollow Project 1,495,750 1,495,750 Longhorn Project 116,870 116,870 Salvo Project 14,905 14,905 Nichols Project 154,774 154,774 Anderson Project 9,154,268 9,154,268 Workman Creek Project 1,472,008 1,472,008 Los Cuatros Project 257,250 257,250 Slick Rock Project 615,650 661,271 Yuty Project 11,947,144 11,947,144 Coronel Oviedo Project 1,133,412 1,133,412 Other Property Acquisitions 244,827 285,741 41,858,333 41,969,655 Accumulated Depletion (3,929,884) (3,929,884) 37,928,449 38,039,771 Databases 2,410,038 2,410,038 Accumulated Amortization (2,314,890) (2,166,966) 95,148 243,072 Land Use Agreements 404,310 390,155 Accumulated Amortization (264,821) (235,031) 139,489 155,124 $ 38,163,086 $ 38,437,967
Schedule Of Mineral Property Expenditures Incurred by Major Projects [Table Text Block]	Three Months Ended April 30, Nine Months Ended April 30, 2016 2015 2016 2015 Mineral Property Expenditures Palangana Mine $ 280,345 $ 500,535 $ 1,031,625 $ 1,621,391 Goliad Project 26,848 25,631 71,679 79,924 Burke Hollow Project 48,409 94,702 974,661 1,235,250 Longhorn Project 247 22,276 4,620 52,999 Salvo Project 4,622 16,751 21,697 39,590 Anderson Project 3,564 50,142 170,780 173,564 Workman Creek Project 418 - 32,109 31,300 Slick Rock Project - 2,924 53,861 52,708 Yuty Project 89,246 41,274 291,788 301,035 Coronel Oviedo Project 136,031 132,315 422,763 428,077 Other Mineral Property Expenditures 136,238 159,292 517,611 544,403 Re-valuation of Asset Retirement Obligations - - (184,381) - $ 725,968 $ 1,045,842 $ 3,408,813 $ 4,560,241

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Apr. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consisted of the following: April 30, 2016 July 31, 2015 Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value Hobson Processing Facility $ 6,819,088 $ (773,933) $ 6,045,155 $ 6,819,088 $ (773,933) $ 6,045,155 Mining Equipment 2,440,105 (2,202,485) 237,620 2,452,572 (2,019,996) 432,576 Logging Equipment and Vehicles 1,962,895 (1,785,206) 177,689 1,962,895 (1,714,908) 247,987 Computer Equipment 585,434 (549,175) 36,259 615,064 (573,355) 41,709 Furniture and Fixtures 172,215 (167,598) 4,617 182,802 (176,726) 6,076 Land 519,520 - 519,520 175,144 - 175,144 $ 12,499,257 $ (5,478,397) $ 7,020,860 $ 12,207,565 $ (5,258,918) $ 6,948,647

RECLAMATION DEPOSITS (Tables)

RECLAMATION DEPOSITS (Tables)	9 Months Ended
	Apr. 30, 2016
RECLAMATION DEPOSITS [Abstract]
Schedule Of Reclamation Deposits [Table Text Block]	Reclamation deposits consisted of the following: April 30, 2016 July 31, 2015 Palangana Mine $ 1,102,981 $ 1,102,981 Hobson Processing Facility 587,228 587,228 Arizona 15,000 15,000 Wyoming 817 816 $ 1,706,026 $ 1,706,025

OTHER LONG-TERM ASSET AND LIA24

OTHER LONG-TERM ASSET AND LIABILITY (Tables)	9 Months Ended
	Apr. 30, 2016
Other Long term Asset and Liability [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The fair value of the consideration paid and its allocation to the identifiable assets acquired and liabilities assumed are summarized as follows: Consideration paid 1,333,560 UEC common shares at $0.92 per share $ 1,226,875 Cash consideration 50,000 Cash payable upon exercise the Option 250,000 Transaction costs 63,090 $ 1,589,965 Assets acquired and liabilities assumed Cash and cash equivalents $ 3,916 Prepaid expenses 3,804 Land 344,376 Other long-term asset (Option to acquire CIC) 1,553,388 Due to CIC (315,519) $ 1,589,965

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Apr. 30, 2016
Debt Disclosure [Abstract]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	The incremental value was determined using the Black-Scholes option pricing model with the following assumptions: Expected Life in Years 3.98 Expected Annual Volatility 71.10 % Expected Risk Free Interest Rate 1.00 % Expected Dividend Yield 0.00 %
Schedule of Long-term Debt Instruments [Table Text Block]	As at April 30, 2016, long-term debt consisted of the following: April 30, 2016 July 31, 2015 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount (1,086,630) (242,522) Long-term debt, net of unamortized discount 18,913,370 19,757,478
Schedule of Maturities of Long-term Debt [Table Text Block]	The aggregate yearly maturities of long-term debt based on principal amounts outstanding at April 30, 2016 are as follows: Fiscal 2016 $ - Fiscal 2017 - Fiscal 2018 - Fiscal 2019 10,000,000 Fiscal 2020 10,000,000 Total $ 20,000,000

ASSET RETIREMENT OBLIGATIONS (T

ASSET RETIREMENT OBLIGATIONS (Tables)	9 Months Ended
	Apr. 30, 2016
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Change in Asset Retirement Obligation [Table Text Block]	Balance, July 31, 2015 $ 3,926,846 Revision in estimate of asset retirement obligations (209,168) Accretion 214,395 Balance, April 30, 2016 $ 3,932,073
Schedule Of Undiscounted Amounts Of Estimated Cash Flows [Table Text Block]	The estimated amounts and timing of cash flows and assumptions used for ARO estimates are as follows: April 30, 2016 July 31, 2015 Undiscounted amount of estimated cash flows $ 6,650,255 $ 6,600,868 Payable in years 2.1 to 15 2.5 to 15 Inflation rate 0.90% to 2.25 % 2.02% to 2.25 % Discount rate 5.15% to 8.00 % 6.56% to 8.00 %
Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows [Table Text Block]	Fiscal 2016 $ - Fiscal 2017 139,052 Fiscal 2018 414,058 Fiscal 2019 667,984 Fiscal 2020 620,673 Remaining balance 4,808,488 $

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	9 Months Ended
	Apr. 30, 2016
Equity [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The share purchase warrants were valued using the Black-Scholes option pricing model with the following assumptions: Expected Risk Free Interest Rate 1.11 % Expected Annual Volatility 74.34 % Expected Contractual Life in Years 3.00 Expected Annual Dividend Yield 0.00 %
Schedule of Stockholders Equity [Table Text Block]	The net proceeds from the 2014 Shelf equity financing were allocated to the fair values of the shares and share purchase warrants as presented below: Fair Value of Shares $ 10,015,410 Fair Value of Share Purchase Warrants 1,938,995 Total Fair Value Before Allocation to Net Proceeds $ 11,954,405 Gross Proceeds $ 10,510,000 Share Issuance Costs - Cash (525,482) Net Cash Proceeds Received $ 9,984,518 Relative Fair Value Allocation to: Shares $ 8,365,038 Share Purchase Warrants 1,619,480 $ 9,984,518
Schedule of Share Transactions [Table Text Block]	A summary of the Company’s share transactions for the three and nine months ended April 30, 2016 are as follows: Common Value per Share Issuance Period / Description Shares Issued Low High Value Balance, July 31, 2015 97,834,087 Bonus Shares for Credit Facility 752,320 $ 1.20 $ 1.20 $ 900,000 Consulting Services 274,982 1.03 1.38 305,594 Share Compensation 33,315 1.00 1.12 35,264 Balance, October 31, 2015 98,894,704 Consulting Services 581,421 0.72 1.12 608,179 Share Compensation 71,588 1.06 1.08 76,236 Options Exercised 682,167 0.33 0.33 225,115 Balance, January 31, 2016 100,229,880 Second Extension Fee Shares for Credit Facility 959,613 0.83 0.83 800,000 Settlement of Current Liabilities 487,574 0.93 0.93 453,444 Equity Financing 12,364,704 0.85 0.85 10,510,000 Asset Acquisition 1,333,560 0.92 0.92 1,226,875 Consulting Services 514,440 0.73 0.93 424,316 Share Compensation 202,884 0.75 0.96 167,830 Balance, April 30, 2016 116,092,655
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	A summary of share purchase warrants outstanding and exercisable at April 30, 2016 are as follows: Weighted Number of Warrants Expiry Date Weighted Average $ 1.20 6,594,348 March 10, 2019 2.86 1.35 2,600,000 January 30, 2020 3.75 1.95 50,000 June 3, 2018 2.09 2.12 2,850,000 June 25, 2018 2.15 2.60 1,859,524 October 23, 2016 0.48 $ 1.61 13,953,872 2.56
Schedule of Share based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Table Text Block]	A summary of stock options granted by the Company during the nine months ended April 30, 2016, including corresponding grant date fair values and assumptions using the Black Scholes option pricing model is as follows: Options Exercise Term Fair Expected Risk-Free Dividend Expected Date Issued Price (Years) Value Life (Years) Interest Rate Yield Volatility August 7, 2015 105,000 $ 1.32 5 $ 68,824 2.90 1.04 % 0.00 % 77.17 % October 14, 2015 1,000,000 1.14 5 563,195 2.90 0.81 % 0.00 % 77.01 % January 12, 2016 300,000 0.98 5 145,902 2.90 1.15 % 0.00 % 76.96 % Total 1,405,000 $ 777,921
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A continuity schedule of outstanding stock options for the underlying common shares for the nine months ended April 30, 2016 is as follows: Number of Stock Options Weighted Average Exercise Price Balance, July 31, 2015 10,581,975 $ 1.38 Issued 1,105,000 1.16 Forfeited (5,000) 1.32 Balance, October 31, 2015 11,681,975 1.36 Issued 300,000 0.98 Exercised (682,167) 0.33 Forfeited (180,000) 1.32 Expired (1,950) 5.90 Balance, January 31, 2016 11,117,858 1.42 Forfeited (72,500) 1.81 Balance, April 30, 2016 11,045,358 $ 1.41
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	Options Outstanding Options Exercisable Weighted Weighted Average Weighted Weighted Average Average Remaining Average Remaining Range of Outstanding at Exercise Contractual Term Exercisable at Exercise Contractual Term Exercise Prices April 30, 2016 Price (Years) April 30, 2016 Price (Years) $0.45 to $0.96 1,269,634 $ 0.47 1.56 1,269,634 $ 0.47 1.56 $0.97 to $2.45 8,840,000 1.35 3.54 8,057,500 1.37 3.44 $2.46 to $5.70 935,724 3.29 4.09 935,724 3.29 4.09 11,045,358 $ 1.41 3.36 10,262,858 $ 1.44 3.27
Schedule Of Stock based Compensation Expense [Table Text Block]	A summary of stock-based compensation expense is as follows: Three Months Ended April 30 Nine Months Ended April 30 2016 2015 2016 2015 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 470,549 $ 502,854 $ 1,429,324 $ 1,380,279 Stock options issued to consultants (4,461) 346,995 66,317 721,430 466,088 849,849 1,495,641 2,101,709 Stock-Based Compensation for Management Common stock issued to management 45,299 - 81,495 - Stock options issued to management 195,464 263,306 640,789 1,424,585 240,763 263,306 722,284 1,424,585 Stock-Based Compensation for Employees Common stock issued to employees 76,299 - 106,602 - Stock options issued to employees 15,710 204,723 163,124 1,102,250 92,009 204,723 269,726 1,102,250 $ 798,860 $ 1,317,878 $ 2,487,651 $ 4,628,544

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	9 Months Ended
	Apr. 30, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table reconciles the weighted average number of shares used in the calculation of the basic and diluted loss per share: Three Months Ended April 30, Nine Months Ended April 30, 2016 2015 2016 2015 Numerator Net Loss for the Period $ (3,679,055) $ (5,347,729) $ (13,552,594) $ (17,949,496) Denominator Basic Weighted Average Number of Shares 109,710,985 92,034,908 102,588,834 91,683,568 Dilutive Stock Options and Warrants - - - - Diluted Weighted Average Number of Shares 109,710,985 92,034,908 102,588,834 91,683,568 Net Loss per Share, Basic and Diluted $ (0.03) $ (0.06) $ (0.13) $ (0.20)

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	9 Months Ended
	Apr. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The table below provides a breakdown of the Company’s long-term assets by geographic segments: April 30, 2016 United States Balance Sheet Items Texas Arizona Other States Canada Paraguay Total Mineral Rights and Properties $ 13,369,394 $ 10,891,861 $ 821,276 $ - $ 13,080,555 $ 38,163,086 Property, Plant and Equipment 6,648,175 - - 16,965 355,720 7,020,860 Reclamation Deposits 1,690,209 15,000 817 - - 1,706,026 Other Long-Term Assets - - - - 1,553,388 1,553,388 Total Long-Term Assets $ 21,707,778 $ 10,906,861 $ 822,093 $ 16,965 $ 14,989,663 $ 48,443,360 July 31, 2015 United States Balance Sheet Items Texas Arizona Other States Canada Paraguay Total Mineral Rights and Properties $ 13,555,492 $ 10,891,861 $ 910,059 $ - $ 13,080,555 $ 38,437,967 Property, Plant and Equipment 6,926,682 - - 7,502 14,463 6,948,647 Reclamation Deposits 1,690,209 15,000 816 - - 1,706,025 Total Long-Term Assets $ 22,172,383 $ 10,906,861 $ 910,875 $ 7,502 $ 13,095,018 $ 47,092,639
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]	The tables below provide a breakdown of the Company’s operating results by geographic segments for the three and nine months ended April 30, 2016. All intercompany transactions have been eliminated. Three Months Ended April 30, 2016 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 495,830 3,982 881 - 225,275 725,968 General and administrative 1,426,110 66,534 989 514,853 (3,021) 2,005,465 Depreciation, amortization and accretion 200,732 - 750 2,385 1,621 205,488 2,122,672 70,516 2,620 517,238 223,875 2,936,921 Loss from operations (2,122,672) (70,516) (2,620) (517,238) (223,875) (2,936,921) Other income (expenses) (745,888) (4,663) - 31 6 (750,514) Loss before income taxes $ (2,868,560) $ (75,179) $ (2,620) $ (517,207) $ (223,869) $ (3,687,435) Three Months Ended April 30, 2015 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 786,935 50,119 35,199 - 173,589 1,045,842 General and administrative 2,400,403 51,889 4,368 707,481 3,755 3,167,896 Depreciation, amortization and accretion 368,448 - 501 2,741 2,392 374,082 3,555,786 102,008 40,068 710,222 179,736 4,587,820 Loss from operations (3,555,786) (102,008) (40,068) (710,222) (179,736) (4,587,820) Other income (expenses) (759,273) (4,640) - - 169 (763,744) Loss before income taxes $ (4,315,059) $ (106,648) $ (40,068) $ (710,222) $ (179,567) $ (5,351,564) Nine Months Ended April 30, 2016 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 2,347,348 213,885 133,031 - 714,549 3,408,813 General and administrative 5,074,713 141,526 2,652 1,865,839 1,939 7,086,669 Depreciation, amortization and accretion 667,080 - 2,250 6,017 5,226 680,573 Impairment loss on mineral properties - - 86,535 - - 86,535 8,089,141 355,411 224,468 1,871,856 721,714 11,262,590 Loss from operations (8,089,141) (355,411) (224,468) (1,871,856) (721,714) (11,262,590) Other income (expenses) (2,299,582) (14,198) - 849 17 (2,312,914) Loss before income taxes $ (10,388,723) $ (369,609) $ (224,468) $ (1,871,007) $ (721,697) $ (13,575,504) Nine Months Ended April 30, 2015 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 3,431,826 207,586 191,718 - 729,111 4,560,241 General and administrative 7,456,500 148,766 18,393 2,069,664 18,610 9,711,933 Depreciation, amortization and accretion 1,420,996 - 1,968 9,238 8,606 1,440,808 12,309,322 356,352 212,079 2,078,902 756,327 15,712,982 Loss from operations (12,309,322) (356,352) (212,079) (2,078,902) (756,327) (15,712,982) Other income (expenses) (2,249,325) (15,018) - (120) 484 (2,263,979) Loss before income taxes $ (14,558,647) $ (371,370) $ (212,079) $ (2,079,022) $ (755,843) $ (17,976,961)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Apr. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	The aggregate minimum payments over the next five fiscal years are as follows: Fiscal 2016 $ 55,307 Fiscal 2017 217,867 Fiscal 2018 199,722 Fiscal 2019 88,979 Fiscal 2020 89,614 All subsequent years 59,743 $ 711,232

NATURE OF OPERATIONS AND GOIN31

NATURE OF OPERATIONS AND GOING CONCERN (Details Textual) - USD ($)	9 Months Ended
	Apr. 30, 2016	Jul. 31, 2015	Apr. 30, 2015	Jul. 31, 2014
Entity Incorporation, Date of Incorporation	May 16, 2003
Working Capital	$ 9,000,000
Cash and Cash Equivalents, at Carrying Value, Total	$ 10,086,805	$ 10,092,408	$ 1,423,447	$ 8,839,892

MINERAL RIGHTS AND PROPERTIES32

MINERAL RIGHTS AND PROPERTIES (Details) - USD ($)	Apr. 30, 2016	Jul. 31, 2015
Mineral Rights and Properties
Mineral Rights and Properties, Gross	$ 41,858,333	$ 41,969,655
Accumulated Depletion	(3,929,884)	(3,929,884)
Mineral Rights and Properties, Net Of Accumulated Depletion	37,928,449	38,039,771
Mineral Rights and Properties, Total	38,163,086	38,437,967
Databases [Member]
Mineral Rights and Properties
Finite-Lived Intangible Assets, Gross	2,410,038	2,410,038
Accumulated Amortization	(2,314,890)	(2,166,966)
Finite-Lived Intangible Assets, Total	95,148	243,072
Land Use Agreements [Member]
Mineral Rights and Properties
Finite-Lived Intangible Assets, Gross	404,310	390,155
Accumulated Amortization	(264,821)	(235,031)
Finite-Lived Intangible Assets, Total	139,489	155,124
Palangana Mine [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	6,562,348	6,587,135
Goliad Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	8,689,127	8,689,127
Burke Hollow Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	1,495,750	1,495,750
Longhorn Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	116,870	116,870
Salvo Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	14,905	14,905
Nichols Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	154,774	154,774
Anderson Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	9,154,268	9,154,268
Workman Creek Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	1,472,008	1,472,008
Los Cuatros Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	257,250	257,250
Slick Rock Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	615,650	661,271
Yuty Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	11,947,144	11,947,144
Coronel Oviedo Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	1,133,412	1,133,412
Other Property Acquisitions [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	$ 244,827	$ 285,741

MINERAL RIGHTS AND PROPERTIES33

MINERAL RIGHTS AND PROPERTIES (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Re-valuation of Asset Retirement Obligations	$ 0	$ 0	$ (184,381)	$ 0
Mineral property expenditures	725,968	1,045,842	3,408,813	4,560,241
Palangana Mine [Member]
Mineral property expenditures	280,345	500,535	1,031,625	1,621,391
Re-valuation of Asset Retirement Obligations			(184,381)
Goliad Project [Member]
Mineral property expenditures	26,848	25,631	71,679	79,924
Burke Hollow Project [Member]
Mineral property expenditures	48,409	94,702	974,661	1,235,250
Longhorn Project [Member]
Mineral property expenditures	247	22,276	4,620	52,999
Salvo Project [Member]
Mineral property expenditures	4,622	16,751	21,697	39,590
Anderson Project [Member]
Mineral property expenditures	3,564	50,142	170,780	173,564
Workman Creek Project [Member]
Mineral property expenditures	418	0	32,109	31,300
Slick Rock Project [Member]
Mineral property expenditures	0	2,924	53,861	52,708
Yuty Project [Member]
Mineral property expenditures	89,246	41,274	291,788	301,035
Coronel Oviedo Project [Member]
Mineral property expenditures	136,031	132,315	422,763	428,077
Other Mineral Property [Member]
Mineral property expenditures	$ 136,238	$ 159,292	$ 517,611	$ 544,403

MINERAL RIGHTS AND PROPERTIES34

MINERAL RIGHTS AND PROPERTIES (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Exploration Abandonment and Impairment Expense			$ 86,535
Impairment of Long-Lived Assets Held-for-use	$ 0	$ 0	86,535	$ 0
Re-valuation of Asset Retirement Obligations	$ 0	$ 0	184,381	$ 0
Palangana Mine [Member]
Increase (Decrease) in Asset Retirement Obligations			24,787
Re-valuation of Asset Retirement Obligations			184,381
Mining Properties and Mineral Rights [Member]
Payment to Maintain Mineral Properties in Good Standing			$ 2,500,000

PROPERTY, PLANT AND EQUIPMENT35

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Apr. 30, 2016	Jul. 31, 2015
Property, Plant and Equipment [Line Items]
Cost	$ 12,499,257	$ 12,207,565
Accumulated Depreciation	(5,478,397)	(5,258,918)
Net Book Value	7,020,860	6,948,647
Hobson Processing Facility [Member]
Property, Plant and Equipment [Line Items]
Cost	6,819,088	6,819,088
Accumulated Depreciation	(773,933)	(773,933)
Net Book Value	6,045,155	6,045,155
Mining Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	2,440,105	2,452,572
Accumulated Depreciation	(2,202,485)	(2,019,996)
Net Book Value	237,620	432,576
Logging Equipment and Vehicles [Member]
Property, Plant and Equipment [Line Items]
Cost	1,962,895	1,962,895
Accumulated Depreciation	(1,785,206)	(1,714,908)
Net Book Value	177,689	247,987
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	585,434	615,064
Accumulated Depreciation	(549,175)	(573,355)
Net Book Value	36,259	41,709
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Cost	172,215	182,802
Accumulated Depreciation	(167,598)	(176,726)
Net Book Value	4,617	6,076
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	519,520	175,144
Accumulated Depreciation	0	0
Net Book Value	$ 519,520	$ 175,144

RECLAMATION DEPOSITS (Details)

RECLAMATION DEPOSITS (Details) - USD ($)	Apr. 30, 2016	Jul. 31, 2015
Reclamation Deposits	$ 1,706,026	$ 1,706,025
Palangana Mine [Member]
Reclamation Deposits	1,102,981	1,102,981
Hobson Processing Facility [Member]
Reclamation Deposits	587,228	587,228
Arizona [Member]
Reclamation Deposits	15,000	15,000
Wyoming [Member]
Reclamation Deposits	$ 817	$ 816

OTHER LONG-TERM ASSET AND LIA37

OTHER LONG-TERM ASSET AND LIABILITY (Details) - JDL Resources Inc [Member]	9 Months Ended
	Apr. 30, 2016USD ($)
Consideration paid
1,333,560 UEC common shares at $0.92 per share	$ 1,226,875
Cash consideration	50,000
Cash payable upon exercise the Option	250,000
Transaction costs	63,090
Asset Acquisition, Consideration Paid	1,589,965
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	1,589,965
Land [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	344,376
Prepaid expenses [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	3,804
Other long-term asset [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	1,553,388
Due to CIC [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	(315,519)
Cash and Cash Equivalents [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	$ 3,916

OTHER LONG-TERM ASSET AND LIA38

OTHER LONG-TERM ASSET AND LIABILITY (Details) (Parenthetical) - JDL Resources Inc [Member]	9 Months Ended
	Apr. 30, 2016$ / sharesshares
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares	1,333,560
Business Acquisition, Share Price | $ / shares	$ 0.92

OTHER LONG-TERM ASSET AND LIA39

OTHER LONG-TERM ASSET AND LIABILITY (Details Textual) - USD ($)	9 Months Ended
	Apr. 30, 2016	Mar. 04, 2016	Jul. 31, 2015
Equity Method Investment, Ownership Percentage		100.00%
Royalty Agreement, Percentage of Net Smelter Return	1.50%
Payments to Acquire Royalty Interests in Mining Properties	$ 500,000
Percentage of Royalty Interest Acquired	0.50%
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	$ 1,303,388
Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities	250,000
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	1,300,000
Other Assets, Noncurrent	1,553,388		$ 0
Other Liabilities, Noncurrent	$ 315,519		$ 0
JDL Resources Inc [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	1,333,560
Payments to Acquire Businesses, Gross	$ 50,000
Business Combination, Consideration Transferred, Liabilities Incurred	$ 250,000

DUE TO RELATED PARTIES AND RE40

DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	3 Months Ended			9 Months Ended
	Apr. 30, 2016	Oct. 31, 2015	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Jul. 31, 2015
Related Party Transaction [Line Items]
General and Administrative Expense, Total	$ 2,005,465		$ 3,167,896	$ 7,086,669	$ 9,711,933
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total				1,370,843	891,273
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total				$ 1,338,091	$ 1,380,279
Due to Related Parties, Current	897			$ 897		$ 14,660
Stock Issued During Period, Shares, New Issues				487,574
Stock Issued During Period, Value, New Issues		$ 900,000		$ 453,444
Due to Related Parties	$ 98,371			98,371
Restricted Stock [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues	117,998
Stock Issued During Period, Value, New Issues	$ 109,738
General and Administrative Expense [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total					15,000
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total					$ 18,150
Related Party Transaction, Gain Loss on Transactions with Related Party	11,367
Director and Officer [Member]
Related Party Transaction [Line Items]
General and Administrative Expense, Total	$ 30,134		$ 45,443	$ 128,727	$ 118,101

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	9 Months Ended
	Apr. 30, 2016
Expected Life in Years	3 years 11 months 23 days
Expected Annual Volatility	71.10%
Expected Risk Free Interest Rate	1.00%
Expected Dividend Yield	0.00%

LONG-TERM DEBT (Details 1)

LONG-TERM DEBT (Details 1) - USD ($)	Apr. 30, 2016	Jul. 31, 2015
Debt Instrument [Line Items]
Principal amount	$ 20,000,000	$ 20,000,000
Unamortized discount	(1,086,630)	(242,522)
Long-term debt, net of unamortized discount	$ 18,913,370	$ 19,757,478

LONG-TERM DEBT (Details 2)

LONG-TERM DEBT (Details 2) - USD ($)	Apr. 30, 2016	Jul. 31, 2015
Fiscal 2,016	$ 0
Fiscal 2,017	0
Fiscal 2,018	0
Fiscal 2,019	10,000,000
Fiscal 2,020	10,000,000
Total	$ 20,000,000	$ 20,000,000

LONG-TERM DEBT (Details Textual

LONG-TERM DEBT (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015	Jul. 31, 2015
Debt Instrument [Line Items]
Amortization of Debt Discount (Premium)	$ 277,417	$ 336,362	$ 960,807	$ 994,668
Stock Issued During Period, Value, Other			1,700,000
Long-term Debt, Gross	$ 20,000,000		$ 20,000,000		$ 20,000,000
Debt Instrument, Frequency of Periodic Payment	monthly
Rate of Second Extension Anniversary Fee Payable In Second Year	4.50%
Rate of Second Extension Anniversary Fee Payable In Next Twelve Months	5.50%
Percentage of Discount on Volume Weighted Average Price	10.00%
Rate of Second Extension Anniversary Fee Payable In Third Year	4.50%
Stock Purchase Warrants Expiration Date	Jul. 30, 2018
Stock Purchase Warrants Extended Expiration Date	Jan. 30, 2020
Working Capital Ratio	1:1
Debt Instrument, Interest Rate, Effective Percentage	14.28%		14.28%
Debt Instrument, Maturity Date, Description	extension of the maturity date from July 31, 2017 to January 1, 2020
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	2,600,000		2,600,000
Warrant Description	one and a half years from July 30, 2018 to January 30, 2020, subject to accelerated exercise whereby, upon notification by the Company, the warrant holders will have 30 days to exercise their warrants should the ten trading-day volume-weighted average price of the Companys shares equal or exceed $2.70;
Debt Instrument, Interest Rate During Period	8.00%
Stock Issued, Value, Issued for Second Extension Fees	$ 800,000
Stock Issued, Shares, Issued for Second Extension Fees	959,613
Second Extension Fees, Percentage	4.00%		4.00%
Adjustments to Additional Paid in Capital, Warrant Issued	$ 104,915		$ 104,915
Maximum [Member]
Debt Instrument [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 2.50		$ 2.50
Minimum [Member]
Debt Instrument [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 1.35		$ 1.35
Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 20,000,000		$ 20,000,000
Restricted Stock [Member]
Debt Instrument [Line Items]
Stock Issued During Period, Shares, Other			752,320
Stock Issued During Period, Value, Other			$ 900,000

ASSET RETIREMENT OBLIGATIONS (D

ASSET RETIREMENT OBLIGATIONS (Details)	9 Months Ended
	Apr. 30, 2016USD ($)
Schedule of Change in Asset Retirement Obligations
Beginning Balance	$ 3,926,846
Revision in estimate of asset retirement obligations	(209,168)
Accretion	214,395
Ending Balance	$ 3,932,073

ASSET RETIREMENT OBLIGATIONS 46

ASSET RETIREMENT OBLIGATIONS (Details 1) - USD ($)	9 Months Ended	12 Months Ended
	Apr. 30, 2016	Jul. 31, 2015
Schedule Of Change In Asset Retirement Obligation [Line Items]
Undiscounted amount of estimated cash flows	$ 6,650,255	$ 6,600,868
Minimum [Member]
Schedule Of Change In Asset Retirement Obligation [Line Items]
Payable in years	2 years 1 month 6 days	2 years 6 months
Inflation rate	0.90%	2.02%
Discount rate	5.15%	6.56%
Maximum [Member]
Schedule Of Change In Asset Retirement Obligation [Line Items]
Payable in years	15 years	15 years
Inflation rate	2.25%	2.25%
Discount rate	8.00%	8.00%

ASSET RETIREMENT OBLIGATIONS 47

ASSET RETIREMENT OBLIGATIONS (Details 2)	9 Months Ended
	Apr. 30, 2016USD ($)
Schedule Of Changes In Standardized Measures Of Discounted Future Net Cash Flows
Undiscounted Amount of Estimated Cash Flows	$ 6,650,255
Asset Retirement Obligation Next Twelve Months [Member]
Schedule Of Changes In Standardized Measures Of Discounted Future Net Cash Flows
Undiscounted Amount of Estimated Cash Flows	0
Asset Retirement Obligation Year Two [Member]
Schedule Of Changes In Standardized Measures Of Discounted Future Net Cash Flows
Undiscounted Amount of Estimated Cash Flows	139,052
Asset Retirement Obligation Year Three [Member]
Schedule Of Changes In Standardized Measures Of Discounted Future Net Cash Flows
Undiscounted Amount of Estimated Cash Flows	414,058
Asset Retirement Obligation Year Four [Member]
Schedule Of Changes In Standardized Measures Of Discounted Future Net Cash Flows
Undiscounted Amount of Estimated Cash Flows	667,984
Asset Retirement Obligation Year Five [Member]
Schedule Of Changes In Standardized Measures Of Discounted Future Net Cash Flows
Undiscounted Amount of Estimated Cash Flows	620,673
Asset Retirement Obligation Remainder Of Fiscal Year [Member]
Schedule Of Changes In Standardized Measures Of Discounted Future Net Cash Flows
Undiscounted Amount of Estimated Cash Flows	$ 4,808,488

ASSET RETIREMENT OBLIGATIONS 48

ASSET RETIREMENT OBLIGATIONS (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Asset Retirement Obligations [Line Items]
Asset Retirement Obligation, Period Increase (Decrease), Total			$ (209,168)
Re-valuation of Asset Retirement Obligations	$ 0	$ 0	184,381	$ 0
Palangana Mine [Member]
Asset Retirement Obligations [Line Items]
Asset Retirement Obligation, Period Increase (Decrease), Total			209,168
Increase (Decrease) in Asset Retirement Obligations			24,787
Re-valuation of Asset Retirement Obligations			$ 184,381

CAPITAL STOCK (Details)

CAPITAL STOCK (Details)	9 Months Ended
	Apr. 30, 2016
Expected Risk Free Interest Rate	1.11%
Expected Annual Volatility	74.34%
Expected Contractual Life in Years	3 years
Expected Annual Dividend Yield	0.00%

CAPITAL STOCK (Details 1)

CAPITAL STOCK (Details 1) - USD ($)	3 Months Ended	9 Months Ended
	Oct. 31, 2015	Apr. 30, 2016	Apr. 30, 2015
Gross Proceeds	$ 900,000	$ 453,444
Relative Fair Value Allocation to:
Shares		10,324,264	$ 435,590
2014 Shelf Offering [Member]
Total Fair Value Before Allocation to Net Proceeds		11,954,405
Gross Proceeds		10,510,000
Share Issuance Costs - Cash		(525,482)
Net Cash Proceeds Received		9,984,518
Relative Fair Value Allocation to:
Shares		8,365,038
Share Purchase Warrants		1,619,480
Proceeds from Issuance or Sale of Equity, Total		9,984,518
2014 Shelf Offering [Member] | Common Stock [Member]
Total Fair Value Before Allocation to Net Proceeds		10,015,410
2014 Shelf Offering [Member] | Warrant [Member]
Total Fair Value Before Allocation to Net Proceeds		$ 1,938,995

CAPITAL STOCK (Details 2)

CAPITAL STOCK (Details 2) - USD ($)	3 Months Ended			9 Months Ended
	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Apr. 30, 2016
Share Transactions [Line Items]
Balance Begining	100,229,880	98,894,704	97,834,087	97,834,087
Common Shares Issued				487,574
Issuance Value			$ 900,000	$ 453,444
Balance Ending	116,092,655	100,229,880	98,894,704	116,092,655
Second Extension Fee Shares for Credit Facility [Member]
Share Transactions [Line Items]
Common Shares Issued	959,613
Issuance Value	$ 800,000
Second Extension Fee Shares for Credit Facility [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.83			$ 0.83
Second Extension Fee Shares for Credit Facility [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.83			0.83
Settlement of Current Liabilities [Member]
Share Transactions [Line Items]
Common Shares Issued	487,574
Issuance Value	$ 453,444
Settlement of Current Liabilities [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.93			0.93
Settlement of Current Liabilities [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.93			0.93
Equity Financing [Member]
Share Transactions [Line Items]
Common Shares Issued	12,364,704
Issuance Value	$ 10,510,000
Equity Financing [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.85			0.85
Equity Financing [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.85			0.85
Asset Acquisition [Member]
Share Transactions [Line Items]
Common Shares Issued	1,333,560
Issuance Value	$ 1,226,875
Asset Acquisition [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.92			0.92
Asset Acquisition [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.92			0.92
Bonus Shares For Debt Facility [Member]
Share Transactions [Line Items]
Common Shares Issued			752,320
Bonus Shares For Debt Facility [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share			$ 1.20
Bonus Shares For Debt Facility [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share			$ 1.20
Consulting Services [Member]
Share Transactions [Line Items]
Common Shares Issued	514,440	581,421	274,982
Issuance Value	$ 424,316	$ 608,179	$ 305,594
Consulting Services [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.73	$ 0.72	$ 1.03	0.73
Consulting Services [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.93	$ 1.12	$ 1.38	0.93
Share Compensation [Member]
Share Transactions [Line Items]
Common Shares Issued	202,884	71,588	33,315
Issuance Value	$ 167,830	$ 76,236	$ 35,264
Share Compensation [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.75	$ 1.06	$ 1	0.75
Share Compensation [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.96	$ 1.08	$ 1.12	$ 0.96
Options Exercised [Member]
Share Transactions [Line Items]
Common Shares Issued		682,167
Issuance Value		$ 225,115
Options Exercised [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share		$ 0.33
Options Exercised [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share		$ 0.33

CAPITAL STOCK (Details 3)

CAPITAL STOCK (Details 3)	9 Months Ended
	Apr. 30, 2016$ / sharesshares
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 1.61
Number of Warrants Outstanding | shares	13,953,872
Weighted Average Remaining Contractual Remaining Contractual Life (Years)	2 years 6 months 22 days
Warrants1 [Member]
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 1.20
Number of Warrants Outstanding | shares	6,594,348
Expiry Date	Mar. 10, 2019
Weighted Average Remaining Contractual Remaining Contractual Life (Years)	2 years 10 months 10 days
Warrants2 [Member]
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 1.35
Number of Warrants Outstanding | shares	2,600,000
Expiry Date	Jan. 30, 2020
Weighted Average Remaining Contractual Remaining Contractual Life (Years)	3 years 9 months
Warrants3 [Member]
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 1.95
Number of Warrants Outstanding | shares	50,000
Expiry Date	Jun. 3, 2018
Weighted Average Remaining Contractual Remaining Contractual Life (Years)	2 years 1 month 2 days
Warrants4 [Member]
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 2.12
Number of Warrants Outstanding | shares	2,850,000
Expiry Date	Jun. 25, 2018
Weighted Average Remaining Contractual Remaining Contractual Life (Years)	2 years 1 month 24 days
Warrants5 [Member]
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 2.60
Number of Warrants Outstanding | shares	1,859,524
Expiry Date	Oct. 23, 2016
Weighted Average Remaining Contractual Remaining Contractual Life (Years)	5 months 23 days

CAPITAL STOCK (Details 4)

CAPITAL STOCK (Details 4) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Oct. 31, 2015	Apr. 30, 2016
Schedule of Share Based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Line Items]
Options Issued	300,000	1,105,000	1,405,000
Exercise Price	$ 0.98	$ 1.16
Fair Value			$ 777,921
Expected Life (Years)			3 years
Risk-Free Interest Rate			1.11%
Dividend Yield			0.00%
Expected Volatility			74.34%
August 7, 2015 [Member]
Schedule of Share Based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Line Items]
Options Issued			105,000
Exercise Price			$ 1.32
Term (Years)			5 years
Fair Value			$ 68,824
Expected Life (Years)			2 years 10 months 24 days
Risk-Free Interest Rate			1.04%
Dividend Yield			0.00%
Expected Volatility			77.17%
October 14, 2015 [Member]
Schedule of Share Based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Line Items]
Options Issued			1,000,000
Exercise Price			$ 1.14
Term (Years)			5 years
Fair Value			$ 563,195
Expected Life (Years)			2 years 10 months 24 days
Risk-Free Interest Rate			0.81%
Dividend Yield			0.00%
Expected Volatility			77.01%
January 12, 2016 [Member]
Schedule of Share Based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Line Items]
Options Issued			300,000
Exercise Price			$ 0.98
Term (Years)			5 years
Fair Value			$ 145,902
Expected Life (Years)			2 years 10 months 24 days
Risk-Free Interest Rate			1.15%
Dividend Yield			0.00%
Expected Volatility			76.96%

CAPITAL STOCK (Details 5)

CAPITAL STOCK (Details 5) - $ / shares	3 Months Ended			9 Months Ended
	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Apr. 30, 2016
Share Based Compensation Stock Options Activity [Line Items]
Number of Stock Options, Begining Balance	11,117,858	11,681,975	10,581,975	10,581,975
Number of Stock Options, Issued		300,000	1,105,000	1,405,000
Number of Stock Options, Exercised		(682,167)
Number of Stock Options, Forfeited	(72,500)	(180,000)	(5,000)
Number of Stock Options, Expired		(1,950)
Number of Stock Options, Ending Balance	11,045,358	11,117,858	11,681,975	11,045,358
Weighted Average Exercise Price, Begining Balance	$ 1.42	$ 1.36	$ 1.38	$ 1.38
Weighted Average Exercise Price, Issued		0.98	1.16
Weighted Average Exercise Price, Exercised		0.33
Weighted Average Exercise Price, Forfeited	1.81	1.32	1.32
Weighted Average Exercise Price, Expired		5.90
Weighted Average Exercise Price, Ending Balance	$ 1.41	$ 1.42	$ 1.36	$ 1.41

CAPITAL STOCK (Details 6)

CAPITAL STOCK (Details 6)	9 Months Ended
	Apr. 30, 2016$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Ending balance as at April 30, 2016 | shares	11,045,358
Options Outstanding, Weighted Average Exercise Price, Ending balance as at April 30, 2016	$ 1.41
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	3 years 4 months 10 days
Options Exercisable, Ending balance as at April 30, 2016 | shares	10,262,858
Options Exercisable, Weighted Average Exercise Price, Ending balance as at April 30, 2016	$ 1.44
Options Exercisable, Weighted Average Remaining Contractual Term (Years)	3 years 3 months 7 days
Exercise Price Range One [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price Range, Lower Range Limit	$ 0.45
Exercise Price Range, Upper Range Limit	$ 0.96
Options Outstanding, Ending balance as at April 30, 2016 | shares	1,269,634
Options Outstanding, Weighted Average Exercise Price, Ending balance as at April 30, 2016	$ 0.47
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	1 year 6 months 22 days
Options Exercisable, Ending balance as at April 30, 2016 | shares	1,269,634
Options Exercisable, Weighted Average Exercise Price, Ending balance as at April 30, 2016	$ 0.47
Options Exercisable, Weighted Average Remaining Contractual Term (Years)	1 year 6 months 22 days
Exercise Price Range Two [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price Range, Lower Range Limit	$ 0.97
Exercise Price Range, Upper Range Limit	$ 2.45
Options Outstanding, Ending balance as at April 30, 2016 | shares	8,840,000
Options Outstanding, Weighted Average Exercise Price, Ending balance as at April 30, 2016	$ 1.35
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	3 years 6 months 14 days
Options Exercisable, Ending balance as at April 30, 2016 | shares	8,057,500
Options Exercisable, Weighted Average Exercise Price, Ending balance as at April 30, 2016	$ 1.37
Options Exercisable, Weighted Average Remaining Contractual Term (Years)	3 years 5 months 8 days
Exercise Price Range Three [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price Range, Lower Range Limit	$ 2.46
Exercise Price Range, Upper Range Limit	$ 5.70
Options Outstanding, Ending balance as at April 30, 2016 | shares	935,724
Options Outstanding, Weighted Average Exercise Price, Ending balance as at April 30, 2016	$ 3.29
Options Outstanding, Weighted Average Remaining Contractual Term (Years)	4 years 1 month 2 days
Options Exercisable, Ending balance as at April 30, 2016 | shares	935,724
Options Exercisable, Weighted Average Exercise Price, Ending balance as at April 30, 2016	$ 3.29
Options Exercisable, Weighted Average Remaining Contractual Term (Years)	4 years 1 month 2 days

CAPITAL STOCK (Details 7)

CAPITAL STOCK (Details 7) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Stock based Compensation Expense [Line Items]
Share-based Compensation, Total	$ 798,860	$ 1,317,878	$ 2,487,651	$ 4,628,544
Stock-Based Compensation for Management [Member]
Stock based Compensation Expense [Line Items]
Common stock issued	45,299	0	81,495	0
Stock options issued	195,464	263,306	640,789	1,424,585
Share-based Compensation, Total	240,763	263,306	722,284	1,424,585
Stock-Based Compensation for Consultants [Member]
Stock based Compensation Expense [Line Items]
Common stock issued	470,549	502,854	1,429,324	1,380,279
Stock options issued	(4,461)	346,995	66,317	721,430
Share-based Compensation, Total	466,088	849,849	1,495,641	2,101,709
Stock-Based Compensation for Employees [Member]
Stock based Compensation Expense [Line Items]
Common stock issued	76,299	0	106,602	0
Stock options issued	15,710	204,723	163,124	1,102,250
Share-based Compensation, Total	$ 92,009	$ 204,723	$ 269,726	$ 1,102,250

CAPITAL STOCK (Details Textual)

CAPITAL STOCK (Details Textual) - USD ($)	Mar. 10, 2016	Jun. 25, 2015	Apr. 30, 2016	Jul. 31, 2015
Capital Sock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value			$ 439,068
Stock Issued During Period, Shares, New Issues			487,574
Share Price	$ 0.81
Class of Warrant or Right, Number of Securities Called by Warrants or Rights			2,600,000
Common Stock, Value, Issued			$ 116,093	$ 97,841
2014 Shelf Offering
Capital Sock [Line Items]
Proceeds from Other Equity	$ 10,510,000
Proceeds from Issuance Initial Public Offering			100,000,000
Stock Issued During Period, Shares, New Issues	12,364,704
Share Price	$ 0.85
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 1.20
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	6,182,351
Common Stock, Value, Issued			35,100,000
Common Stock, Value, Subscriptions			64,900,000
Proceeds from Issuance or Sale of Equity, Total			$ 9,984,518
2014 Shelf Offering | June 25,2015 [Member]
Capital Sock [Line Items]
Proceeds from Issuance or Sale of Equity, Total		$ 10,000,000
Proceeds from Warrant Exercises		$ 6,700,000
2014 Shelf Offering | March 10, 2016 [Member]
Capital Sock [Line Items]
Proceeds from Issuance or Sale of Equity, Total	$ 10,500,000
Proceeds from Warrant Exercises	$ 7,900,000
2014 Shelf Offering | Agents [Member]
Capital Sock [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 1.20
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	411,997
2015 Stock Incentive Plan [Member]
Capital Sock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			9,600,250
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized			10,569,301
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total			$ 226,003
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			9 months 4 days

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Numerator
Net Loss for the Period	$ (3,679,055)	$ (5,347,729)	$ (13,552,594)	$ (17,949,496)
Denominator
Basic Weighted Average Number of Shares	109,710,985	92,034,908	102,588,834	91,683,568
Dilutive Stock Options and Warrants	0	0	0	0
Diluted Weighted Average Number of Shares	109,710,985	92,034,908	102,588,834	91,683,568
Net Loss per Share, Basic and Diluted	$ (0.03)	$ (0.06)	$ (0.13)	$ (0.20)

SEGMENTED INFORMATION (Details)

SEGMENTED INFORMATION (Details) - USD ($)	Apr. 30, 2016	Jul. 31, 2015
Mineral Rights and Properties	$ 38,163,086	$ 38,437,967
Property, Plant and Equipment	7,020,860	6,948,647
Reclamation Deposits	1,706,026	1,706,025
Other Long-Term Assets	1,553,388	0
Total Long-Term Assets	48,443,360	47,092,639
United States Texas [Member]
Mineral Rights and Properties	13,369,394	13,555,492
Property, Plant and Equipment	6,648,175	6,926,682
Reclamation Deposits	1,690,209	1,690,209
Other Long-Term Assets	0
Total Long-Term Assets	21,707,778	22,172,383
United States Arizona [Member]
Mineral Rights and Properties	10,891,861	10,891,861
Property, Plant and Equipment	0	0
Reclamation Deposits	15,000	15,000
Other Long-Term Assets	0
Total Long-Term Assets	10,906,861	10,906,861
United States Other States [Member]
Mineral Rights and Properties	821,276	910,059
Property, Plant and Equipment	0	0
Reclamation Deposits	817	816
Other Long-Term Assets	0
Total Long-Term Assets	822,093	910,875
Canada [Member]
Mineral Rights and Properties	0	0
Property, Plant and Equipment	16,965	7,502
Reclamation Deposits	0	0
Other Long-Term Assets	0
Total Long-Term Assets	16,965	7,502
Paraguay [Member]
Mineral Rights and Properties	13,080,555	13,080,555
Property, Plant and Equipment	355,720	14,463
Reclamation Deposits	0	0
Other Long-Term Assets	1,553,388
Total Long-Term Assets	$ 14,989,663	$ 13,095,018

SEGMENTED INFORMATION (Details

SEGMENTED INFORMATION (Details 1) - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Sales	$ 0	$ 0	$ 0	$ 0
Costs and Expenses:
Cost of sales	0	0	0	0
Mineral property expenditures	725,968	1,045,842	3,408,813	4,560,241
General and administrative	2,005,465	3,167,896	7,086,669	9,711,933
Depreciation, amortization and accretion	205,488	374,082	680,573	1,440,808
Impairment loss on mineral properties	0	0	86,535	0
Total Cost and Expenses	2,936,921	4,587,820	11,262,590	15,712,982
Loss from operations	(2,936,921)	(4,587,820)	(11,262,590)	(15,712,982)
Other income (expenses)	(750,514)	(763,744)	(2,312,914)	(2,263,979)
Loss before income taxes	(3,687,435)	(5,351,564)	(13,575,504)	(17,976,961)
United States Texas [Member]
Sales	0	0	0	0
Costs and Expenses:
Cost of sales	0	0	0	0
Mineral property expenditures	495,830	786,935	2,347,348	3,431,826
General and administrative	1,426,110	2,400,403	5,074,713	7,456,500
Depreciation, amortization and accretion	200,732	368,448	667,080	1,420,996
Impairment loss on mineral properties			0
Total Cost and Expenses	2,122,672	3,555,786	8,089,141	12,309,322
Loss from operations	(2,122,672)	(3,555,786)	(8,089,141)	(12,309,322)
Other income (expenses)	(745,888)	(759,273)	(2,299,582)	(2,249,325)
Loss before income taxes	(2,868,560)	(4,315,059)	(10,388,723)	(14,558,647)
United States Arizona [Member]
Sales	0	0	0	0
Costs and Expenses:
Cost of sales	0	0	0	0
Mineral property expenditures	3,982	50,119	213,885	207,586
General and administrative	66,534	51,889	141,526	148,766
Depreciation, amortization and accretion	0	0	0	0
Impairment loss on mineral properties			0
Total Cost and Expenses	70,516	102,008	355,411	356,352
Loss from operations	(70,516)	(102,008)	(355,411)	(356,352)
Other income (expenses)	(4,663)	(4,640)	(14,198)	(15,018)
Loss before income taxes	(75,179)	(106,648)	(369,609)	(371,370)
United States Other States [Member]
Sales	0	0	0	0
Costs and Expenses:
Cost of sales	0	0	0	0
Mineral property expenditures	881	35,199	133,031	191,718
General and administrative	989	4,368	2,652	18,393
Depreciation, amortization and accretion	750	501	2,250	1,968
Impairment loss on mineral properties			86,535
Total Cost and Expenses	2,620	40,068	224,468	212,079
Loss from operations	(2,620)	(40,068)	(224,468)	(212,079)
Other income (expenses)	0	0	0	0
Loss before income taxes	(2,620)	(40,068)	(224,468)	(212,079)
Canada [Member]
Sales	0	0	0	0
Costs and Expenses:
Cost of sales	0	0	0	0
Mineral property expenditures	0	0	0	0
General and administrative	514,853	707,481	1,865,839	2,069,664
Depreciation, amortization and accretion	2,385	2,741	6,017	9,238
Impairment loss on mineral properties			0
Total Cost and Expenses	517,238	710,222	1,871,856	2,078,902
Loss from operations	(517,238)	(710,222)	(1,871,856)	(2,078,902)
Other income (expenses)	31	0	849	(120)
Loss before income taxes	(517,207)	(710,222)	(1,871,007)	(2,079,022)
Paraguay [Member]
Sales	0	0	0	0
Costs and Expenses:
Cost of sales	0	0	0	0
Mineral property expenditures	225,275	173,589	714,549	729,111
General and administrative	(3,021)	3,755	1,939	18,610
Depreciation, amortization and accretion	1,621	2,392	5,226	8,606
Impairment loss on mineral properties			0
Total Cost and Expenses	223,875	179,736	721,714	756,327
Loss from operations	(223,875)	(179,736)	(721,714)	(756,327)
Other income (expenses)	6	169	17	484
Loss before income taxes	$ (223,869)	$ (179,567)	$ (721,697)	$ (755,843)

SEGMENTED INFORMATION (Detail61

SEGMENTED INFORMATION (Details Textual) - USD ($)	Apr. 30, 2016	Jul. 31, 2015
Assets, Noncurrent, Total	$ 48,443,360	$ 47,092,639
Percentage of Long Term Assets	69.00%
UNITED STATES
Assets, Noncurrent, Total	$ 33,436,732

SUPPLEMENTAL CASH FLOW INFORM62

SUPPLEMENTAL CASH FLOW INFORMATION (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Oct. 31, 2015	Apr. 30, 2016	Apr. 30, 2015
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total		1,370,843	891,273
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total		$ 1,338,091	$ 1,380,279
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures, Total		279,330
Interest Expense, Debt		$ 1,217,778	$ 1,213,333
Stock Issued During Period, Shares, New Issues		487,574
Stock Issued During Period, Value, New Issues	$ 900,000	$ 453,444
Accounts Payable, Current		$ 406,476
JDL Resources Inc [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		1,333,560
Payments to Acquire Businesses, Gross		$ 50,000
2015 Plan
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures, Total		307,787
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures, Total		$ 279,330

COMMITMENTS AND CONTINGENCIES63

COMMITMENTS AND CONTINGENCIES (Details)	Apr. 30, 2016USD ($)
Fiscal 2,016	$ 55,307
Fiscal 2,017	217,867
Fiscal 2,018	199,722
Fiscal 2,019	88,979
Fiscal 2,020	89,614
All subsequent years	59,743
Total	$ 711,232

COMMITMENTS AND CONTINGENCIES64

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	1 Months Ended	9 Months Ended
	Nov. 30, 2015	Apr. 30, 2016
Loss Contingencies [Line Items]
Operating Leases, Rent Expense		$ 18,484
Management Fee Payable		750,000
Cash Payment To Plaintiffs		$ 149,194
Payments for Legal Settlements	$ 500,000
Parent Company [Member]
Loss Contingencies [Line Items]
Payments for Legal Settlements	$ 50,000