Uranium Energy (UEC) 10-K 14 Oct 16 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Jul. 31, 2016	Oct. 10, 2016	Jan. 29, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jul. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	URANIUM ENERGY CORP
Entity Central Index Key	1,334,933
Current Fiscal Year End Date	--07-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 93,011,000
Trading Symbol	UEC
Entity Common Stock, Shares Outstanding		117,388,052

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2016	Jul. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 7,142,571	$ 10,092,408
Inventories	275,316	251,999
Prepaid expenses and deposits	533,977	444,500
Other current assets	48,777	18,711
Total Current Assets	8,000,641	10,807,618
MINERAL RIGHTS AND PROPERTIES	37,973,951	38,437,967
PROPERTY, PLANT AND EQUIPMENT	6,942,304	6,948,647
RECLAMATION DEPOSITS	1,706,027	1,706,025
OTHER LONG-TERM ASSET	1,553,388	0
Total Assets	56,176,311	57,900,257
CURRENT LIABILITIES
Accounts payable and accrued liabilities	1,822,447	2,538,544
Due to related parties	0	14,660
Current portion of long-term debt	0	1,666,667
Current portion of asset retirement obligations	0	340,827
Total Current Liabilities	1,822,447	4,560,698
DEFERRED INCOME TAX LIABILITIES	643,825	676,064
LONG-TERM DEBT	19,198,178	18,090,811
OTHER LONG-TERM LIABILITY	315,519	0
ASSET RETIREMENT OBLIGATIONS	3,746,464	3,586,019
Total Liabilities	25,726,433	26,913,592
STOCKHOLDERS' EQUITY
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 116,670,457 shares issued and outstanding (July 31, 2015 - 97,834,087)	116,670	97,841
Additional paid-in capital	239,701,884	222,927,529
Accumulated deficit	(209,353,946)	(192,024,074)
Accumulated other comprehensive loss	(14,730)	(14,631)
Total Stockholders' Equity	30,449,878	30,986,665
Total Liabilities and Stockholders' Equity	56,176,311	57,900,257
COMMITMENTS AND CONTINGENCIES

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 31, 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	116,670,457	97,834,087
Common Stock, Shares Outstanding	116,670,457	97,834,087

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
SALES	$ 0	$ 3,080,000	$ 0
COSTS AND EXPENSES
Cost of sales	0	2,326,674	0
Inventory write-down	0	0	804,060
Mineral property expenditures	4,061,159	5,706,080	9,160,648
General and administrative	9,297,746	13,230,840	9,825,796
Depreciation, amortization and accretion	875,724	1,802,443	2,392,866
Impairment loss on mineral properties	97,114	349,805	653,224
Total Operating Expenses	14,331,743	23,415,842	22,836,594
LOSS FROM OPERATIONS	(14,331,743)	(20,335,842)	(22,836,594)
OTHER INCOME (EXPENSES)
Interest income	24,177	12,797	30,027
Interest expenses and finance costs	(3,005,391)	(3,071,235)	(2,893,816)
Loss on disposition of assets	(2,186)	(38)	(2,553)
Realized loss on available-for-sale securities	0	(3,023)	0
Loss on fair value of variable share forward contract	0	0	(331,130)
Loss on settlement of current liabilities	(46,968)	0	(20,581)
Gain on settlement of asset retirement obligations	0	0	9,831
Total Non-Operating Income Expense	(3,030,368)	(3,061,499)	(3,208,222)
LOSS BEFORE INCOME TAXES	(17,362,111)	(23,397,341)	(26,044,816)
DEFERRED INCOME TAX BENEFIT	32,239	35,413	69,709
NET LOSS FOR THE YEAR	(17,329,872)	(23,361,928)	(25,975,107)
OTHER COMPREHENSIVE LOSS, NET OF INCOME TAXES	(99)	(1,092)	(13,539)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	$ (17,329,971)	$ (23,363,020)	$ (25,988,646)
NET LOSS PER SHARE, BASIC AND DILUTED	$ (0.16)	$ (0.25)	$ (0.29)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED	106,086,782	92,397,547	89,136,505

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
CASH PROVIDED BY (USED IN): OPERATING ACTIVITIES
Net loss for the year	$ (17,329,872)	$ (23,361,928)	$ (25,975,107)
Adjustments to reconcile net loss to cash flows in operating activities
Stock-based compensation	3,084,163	5,617,748	1,309,450
Depreciation, amortization and accretion	875,724	2,193,160	2,550,012
Amortization of long-term debt discount	1,245,615	1,353,773	1,498,858
Revaluation of asset retirement obligations	(308,398)	0	0
Impairment loss on mineral properties	97,114	349,805	653,224
Loss on disposition of assets	2,186	38	2,553
Realized loss on available-for-sale securities	0	3,023	0
Loss on fair value of variable share forward contract	0	0	331,130
Loss on settlement of current liabilities	46,968	0	20,581
Gain on settlement of asset retirement obligations	0	0	(9,831)
Deferred income tax benefit	(32,239)	(35,413)	(69,709)
Changes in operating assets and liabilities
Inventories	(23,317)	1,316,959	(700,679)
Prepaid expenses and deposits	(85,673)	46,866	426,549
Other current assets	(30,165)	(2,954)	30,523
Accounts payable and accrued liabilities	(622,713)	243,686	(1,322,106)
Settlement of asset retirement obligations	0	0	(13,551)
NET CASH FLOWS USED IN OPERATING ACTIVITIES	(13,080,607)	(12,275,237)	(21,268,103)
FINANCING ACTIVITIES
Shares issuance for cash, net of issuance costs	10,209,632	9,650,530	6,342,254
Net proceeds from debt financing	0	0	9,554,467
Due to related parties	(14,660)	3,426	1,663
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	10,194,972	9,653,956	15,898,384
INVESTING ACTIVITIES
Net cash used in asset acquisition	(46,084)	0	0
Investment in mineral rights and properties	0	(78,626)	(161,800)
Purchase of property, plant and equipment	(18,934)	(23,041)	(163,276)
Proceeds from disposition of assets	818	2,860	600
Cash proceeds from the release of reclamation deposits	0	5,663,158	0
Payment of collateral for surety bonds	0	(1,690,208)	0
Decrease in reclamation deposits	(2)	(346)	362,280
NET CASH FLOWS (USED IN) PROVIDED BY INVESTING ACTIVITIES	(64,202)	3,873,797	37,804
NET CASH FLOWS	(2,949,837)	1,252,516	(5,331,915)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	10,092,408	8,839,892	14,171,807
CASH AND CASH EQUIVALENTS, END OF YEAR	$ 7,142,571	$ 10,092,408	$ 8,839,892

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Jul. 31, 2013	$ 57,445,078	$ 86,036	$ 200,046,081	$ (142,687,039)	$ 0
Balance (in shares) at Jul. 31, 2013		86,032,285
Common stock Issued for equity financing, net of issuance costs	5,947,792	$ 3,381	5,944,411	0	0
Common stock Issued for equity financing, net of issuance costs (in shares)		3,380,954
Common stock Issued for exercise of stock options	27,401	$ 471	26,930	0	0
Common stock Issued for exercise of stock options (in shares)		470,492
Common stock Issued for credit facility	676,058	$ 388	675,670	0	0
Common stock Issued for credit facility (in shares)		386,834
Common stock Issued for asset acquisition	34,850	$ 30	34,820	0	0
Common stock Issued for asset acquisition (in shares)		30,304
Stock-based compensation Common stock issued for consulting services	1,101,932	$ 636	1,101,296	0	0
Stock-based compensation Common stock issued for consulting services (in shares)		635,303
Common Stock issued for bonuses/under 2016 Plan	55,000	$ 30	54,970	0	0
Common Stock issued for bonuses/under 2016 Plan (in shares)		30,386
Stock-based compensation Stock options issued to consultants	74,992	$ 0	74,992	0	0
Stock-based compensation Stock options issued to employees	82,321	0	82,321	0	0
Warrants Issued For Equity Financing	584,331	0	584,331	0	0
Amendment Of Debt Related Instruments	(617,510)	0	(617,510)	0	0
Net loss for the year	(25,975,107)	0	0	(25,975,107)	0
Other comprehensive loss	(13,539)	0	0	0	(13,539)
Balance at Jul. 31, 2014	39,423,599	$ 90,972	208,008,312	(168,662,146)	(13,539)
Balance (in shares) at Jul. 31, 2014		90,966,558
Common stock Issued for equity financing, net of issuance costs	7,659,139	$ 5,280	7,653,859	0	0
Common stock Issued for equity financing, net of issuance costs (in shares)		5,280,045
Common stock Issued for exercise of stock options	24,550	$ 305	24,245	0	0
Common stock Issued for exercise of stock options (in shares)		304,657
Stock-based compensation Common stock issued for consulting services	1,851,074	$ 1,111	1,849,963	0	0
Stock-based compensation Common stock issued for consulting services (in shares)		1,108,390
Common stock issued for bonuses	235,490	$ 173	235,317	0	0
Common stock issued for bonuses (Shares)		174,437
Stock-based compensation Stock options issued to consultants	588,207	$ 0	588,207	0	0
Stock-based compensation Stock options issued to management	1,617,937	0	1,617,937	0	0
Stock-based compensation Stock options issued to employees	1,325,040	0	1,325,040	0	0
Warrants Issued For Equity Financing	1,418,116	0	1,418,116	0	0
Issued for equity financing as share issuance costs	206,533	0	206,533	0	0
Net loss for the year	(23,361,928)	0	0	(23,361,928)	0
Other comprehensive loss	(1,092)	0	0	0	(1,092)
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	8,365,037	$ 12,365	8,352,672	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	1,372,381	$ 1,429	1,370,952	0	0
Stock-based compensation Common stock issued for consulting services (in shares)		1,429,650
Common Stock issued for bonuses/under 2016 Plan	726,244	$ 820	725,424	0	0
Common Stock issued for bonuses/under 2016 Plan (in shares)		826,782
Stock-based compensation Stock options issued to consultants	78,014	$ 0	78,014	0	0
Stock-based compensation Stock options issued to management	735,991	0	735,991	0	0
Stock-based compensation Stock options issued to employees	171,533	0	171,533	0	0
Warrants Issued For Equity Financing	1,619,480	0	1,619,480	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 year	(17,329,872)	0	0	(17,329,872)	0
Other comprehensive loss	(99)	0	0	0	(99)
Balance at Jul. 31, 2016	$ 30,449,878	$ 116,670	$ 239,701,884	$ (209,353,946)	$ (14,730)
Balance (in shares) at Jul. 31, 2016		116,670,457

NATURE OF OPERATIONS AND GOING

NATURE OF OPERATIONS AND GOING CONCERN	12 Months Ended
	Jul. 31, 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 sales of uranium concentrates was realized for the fiscal year ended July 31, 2016 (“Fiscal 2016”), and 2014 (“Fiscal 2014”) or for any periods prior to Fiscal 2012. Historically, the Company has been reliant primarily on equity financings from the sale of its common stock and, during Fiscal 2014 and 2013, on debt financing in order to fund its operations, and this reliance is expected to continue for the foreseeable future. At July 31, 2016, the Company had working capital of $ 6.2 7.1 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jul. 31, 2016
Accounting Policies [Abstract]
Business Description and Basis of Presentation [Text Block]	NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES These consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) and are presented in United States dollars. The accompanying consolidated financial statements include the accounts of Uranium Energy Corp. and its wholly-owned subsidiaries, UEC Resources Ltd., UEC Paraguay Corp. and its subsidiary, Piedra Rica Mining S.A., Cue Resources Ltd. and its subsidiary, Transandes Paraguay S.A., JDL Resources Inc. and its subsidiary, Trier S.A., UEC Concentric Merge Corp., URN Texas GP, LLC, URN South Texas Project, Ltd. and a controlled partnership, South Texas Mining Venture, L.L.P. All significant inter-company transactions and balances have been eliminated upon consolidation. Certain comparative figures have been reclassified to conform to the current year’s presentation. 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, instead of 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. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities as of the balance sheet date and the corresponding revenues and expenses for the period reported. By their nature, these estimates and assumptions are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates and assumptions in future periods could be significant. Significant areas requiring management’s estimates and assumptions include determining the fair value of transactions involving shares of common stock, valuation and impairment losses on mineral rights and properties, valuation of stock-based compensation, valuation of variable share forward contract, net realizable value of inventory, valuation of other long-term asset, and valuation of long-term debt and asset retirement obligations. Other areas requiring estimates include allocations of expenditures to inventories, depletion and amortization of mineral rights and properties and depreciation of property, plant and equipment. Actual results could differ significantly from those estimates and assumptions. The functional currency of the Company, including its subsidiaries, is the United States dollar. UEC Resources Ltd. and Cue Resources Ltd. maintain their accounting records in their local currency, the Canadian dollar. Piedra Rica Mining S.A., Transandes Paraguay S.A and Trier S.A., maintain their accounting records in their local currency, the Paraguayan Guarani. In accordance with Accounting Standards Codification (“ASC”) 830: Foreign Currency Matters, the financial statements of the Company’s subsidiaries are translated into United States dollars using period-end exchange rates as to monetary assets and liabilities and average exchange rates as to revenues and expenses. Non-monetary assets are translated at their historical exchange rates. Net gains and losses resulting from foreign exchange translations and foreign currency exchange gains and losses on transactions occurring in a currency other than the Company’s functional currency are included in the determination of net income (loss) in the period. The Company considers all highly-liquid instruments with an original maturity of three months or less at the time of issuance to be cash equivalents. The fair values of cash and cash equivalents, other current assets which includes available-for-sale securities and accounts and interest receivable, accounts payable and accrued liabilities and due to related parties amounts were estimated to approximate their carrying values due to the immediate or short-term maturity of these financial instruments. Reclamation deposits are deposits mainly invested in short-term funds at major financial institutions and their fair values were estimated to approximate their carrying values. The Company’s operations and financing activities are conducted primarily in United States dollars and as a result, the Company is not significantly exposed to market risks from changes in foreign currency rates. The Company is exposed to credit risk through its cash and cash equivalents, but mitigates this risk by keeping deposits at major financial institutions. The Company measures its available-for-sale securities and variable share forward contracts at fair value in accordance with ASC 820: Fair Value Measurements. ASC 820 specifies a valuation hierarchy based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s own assumptions. These two types of inputs have resulted in the following fair value hierarchy: · Level 1: Quoted prices for identical instruments in active markets; · Level 2: Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and · Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The Company has determined that its available-for-sale securities are Level 1 financial instruments and its variable share forward contract is a Level 2 financial instrument. Other long-term asset represents the Company’s option to acquire an equity interest in another entitiy (refer to Note 6). As the option doesn’t have a readily determinable fair value as defined by ASC 320: Investments – Debt and Equity Securities, it has been initially recognized and subsequently measured at costs, less accumulated impairment. Inventories are comprised of supplies, uranium concentrates and work-in-progress. Expenditures include mining and processing activities that result in extraction of uranium concentrates and depreciation and depletion charges. Mining and processing costs include labor, chemicals, directly attributable uranium extraction expenditures and overhead related to uranium extraction. Inventories are carried at the lower of cost or net realizable value and are valued and charged to cost of sales using the average costing method. Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves, as defined by the SEC under Industry Guide 7, are established for that project. Expenditures relating to exploration activities are expensed as incurred and expenditures relating to pre-extraction activities are expensed as incurred until such time proven or probable reserves are established for that project, after which subsequent expenditures relating to development activities for that particular project are capitalized as incurred. Where proven and probable reserves have been established, the project’s capitalized expenditures are depleted over proven and probable reserves using the units-of-production method upon commencement of production. Where proven and probable reserves have not been established, the project’s capitalized expenditures are depleted over the estimated extraction life using the straight-line method upon commencement of extraction. The Company has not established proven or probable reserves for any of its projects. The carrying values of the mineral rights are assessed for impairment by management on a quarterly basis and as required whenever indicators of impairment exist. An impairment loss is recognized if it is determined that the carrying value is not recoverable and exceeds fair value. Expenditures relating to mineral property databases are capitalized upon acquisition while those developed internally are expensed as incurred. Mineral property databases are tested for impairment whenever events or changes indicate that the carrying values may not be recoverable. An impairment loss is recognized if it is determined that the carrying value is not recoverable and exceeds fair value. Mineral property databases are amortized using the straight-line method over a five-year period during which management believes these assets will contribute to the Company’s cash flows. Databases are included in Mineral Rights and Properties on the balance sheet. Expenditures relating to mineral property land use agreements are capitalized upon acquisition. Mineral property land use agreements are tested for impairment whenever events or changes indicate that the carrying values may not be recoverable. An impairment loss is recognized if it is determined that the carrying value is not recoverable and exceeds fair value. Mineral property land use agreements are amortized using the straight-line method over a ten-year period during which management believes these assets will contribute to the Company’s cash flows. Land use agreements are included in Mineral Rights and Properties on the balance sheet. Property, plant and equipment are recorded at cost and depreciated to their estimated residual values using the straight-line method over their estimated useful lives, as follows: · Hobson processing facility: 15 · Mining and logging equipment and vehicles: 5 10 · Computer equipment: 3 · Furniture and fixtures: 5 · Leasehold improvements: Term of lease Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed of significantly before the end of its estimated useful life. Recoverability of these assets is measured by comparison of the carrying amounts to the future undiscounted cash flows expected to be generated by the assets. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value. Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income for the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment. The Company recognizes deferred taxes on unrealized gains directly within other comprehensive income, and concurrently releases part of the valuation allowance resulting in no impact within other comprehensive income or on the balance sheet. The Company’s policy is to accrue any interest and penalties related to unrecognized tax benefits in its provision for income taxes. Additionally, ASC 740: Income Taxes, requires that the Company recognize in its financial statements the impact of a tax position that is more likely than not to be sustained upon examination based on the technical merits of the position. Restoration and Remediation Costs (Asset Retirement Obligations) Various federal and state mining laws and regulations require the Company to reclaim the surface areas and restore underground water quality for its mine projects to the pre-existing mine area average quality after the completion of mining. Future reclamation and remediation costs, which include extraction equipment removal and environmental remediation, are accrued at the end of each period based on management’s best estimate of the costs expected to be incurred for each project. Such estimates consider the costs of future surface and groundwater activities, current regulations, actual expenses incurred, and technology and industry standards. In accordance with ASC 410: Asset Retirement and Environmental Obligations, the Company capitalizes the measured fair value of asset retirement obligations to mineral rights and properties. The asset retirement obligations are accreted to an undiscounted value until the time at which they are expected to be settled. The accretion expense is charged to earnings and the actual retirement costs are recorded against the asset retirement obligations when incurred. Any difference between the recorded asset retirement obligations and the actual retirement costs incurred will be recorded as a gain or loss in the period of settlement. On a quarterly basis, the Company reviews the assumptions used to estimate the expected cash flows required to settle the asset retirement obligations, including changes in estimated probabilities, amounts and timing of the settlement of the asset retirement obligations, as well as changes in any regulatory or legal obligations for each of its mineral projects. Changes in any one or more of these assumptions may cause revision of asset retirement obligations and the associated underlying assets. Revisions to the asset retirement obligations associated with fully depleted projects (with a carrying value of $Nil) are charged to the statement of operations. Revenue Recognition The recognition of revenue from sales of uranium concentrates is in accordance with the guidelines outlined in ASC Section 605-10-25, Revenue Recognition. The Company delivers its uranium concentrates to a uranium storage facility and once the product is confirmed to meet the required specifications, the Company receives credit for a specified quantity measured in pounds. Future sales of uranium concentrates are expected to generally occur under uranium supply agreements or through the uranium spot market. Once a sale of uranium concentrates is negotiated, the Company will notify the uranium storage facility with instructions for a title transfer to the customer. Revenue is recognized once a title transfer of the uranium concentrates is confirmed by the uranium storage facility at which point the customer is invoiced by the Company. Stock-Based Compensation The Company follows ASC 718: Compensation - Stock Compensation, which addresses the accounting for stock-based payment transactions, requiring such transactions to be accounted for using the fair value method. Awards of shares for property or services are recorded at the more readily measurable fair value of the stock and the fair value of the service. The Company uses the Black-Scholes option pricing model to determine the grant date fair value of stock option awards under ASC 718. The fair value is charged to earnings over the period in which the award was earned, depending on the terms and conditions of the award and the nature of the relationship between the recipient and the Company. For employees and management, the fair value is charged to earnings on an accelerated basis over the vesting period of the award. For consultants, the fair value is charged to earnings over the term of the service period, with unvested amounts revalued at each reporting period over the service period. The Company estimates the expected forfeitures and updates the valuation accordingly. From time to time, the Company issues shares of its common stock as compensation to the Company’s directors, officers and employees and for various consulting services. The fair values of the shares are measured using the closing price of the Company’s shares on the issuance date. Earnings (Loss) Per Common Share Basic earnings (loss) per share includes no potential dilution and is computed by dividing the earnings (loss) attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share reflect the potential dilution of securities that could share in the earnings (loss) of the Company. Accounting Policies Not Yet Adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, which provides a comprehensive revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard creates a five-step model for revenue recognition to achieve the objective of recognizing revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The five-step model includes: (i) identifying the contract; (ii) identifying the separate performance obligations in the contract; (iii) determining the transaction price; (iv) allocating the transaction price to the separate performance obligations; and (v) recognizing revenue when each performance obligation has been satisfied. The standard also requires expanded disclosures surrounding revenue recognition. The standard is effective for fiscal periods beginning after December 15, 2017 and early adoption is not permitted. Accordingly, the Company will adopt the standard effective August 1, 2018. Companies are allowed to use either full retrospective or modified retrospective adoption. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements. In August 2014, FASB issued ASU 2014-15: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. ASU 2014-15 requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. Accordingly, the Company will adopt the standard effective August 1, 2016 for the fiscal year ending July 31, 2017, and does not expect that this election will have a significant impact on the Company’s consolidated financial statements. 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 will adopt the standard and election to account for forfeitures when they occur for the fiscal year ending July 31, 2017. The Company does not expect that this election will have a significant impact on the Company’s consolidated financial statements.

MINERAL RIGHTS AND PROPERTIES

MINERAL RIGHTS AND PROPERTIES	12 Months Ended
	Jul. 31, 2016
Mineral Industries Disclosures [Abstract]
Mineral Industries Disclosures [Text Block]	NOTE 3: MINERAL RIGHTS AND PROPERTIES Mineral Rights At July 31, 2016, the Company had mineral rights in the States of Arizona, Colorado, New Mexico, Texas and Wyoming and the Republic of Paraguay. These mineral rights were acquired through staking and purchase, lease or option agreements and are subject to varying royalty interests, some of which are indexed to the sale price of uranium. At July 31, 2016, annual maintenance payments of approximately $ 1,528,000 July 31, 2016 July 31, 2015 Mineral Rights and Properties Palangana Mine $ 6,443,028 $ 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 234,248 285,741 41,728,434 41,969,655 Accumulated Depletion (3,929,884) (3,929,884) 37,798,550 38,039,771 Databases 2,410,038 2,410,038 Accumulated Amortization (2,364,019) (2,166,966) 46,019 243,072 Land Use Agreements 404,310 390,155 Accumulated Amortization (274,928) (235,031) 129,382 155,124 $ 37,973,951 $ 38,437,967 During Fiscal 2016, the Company abandoned certain mineral interests at projects located in Colorado, New Mexico and Wyoming having a combined acquisition cost of $ 97,114 97,114 During Fiscal 2015, the Company abandoned certain mineral interests which were outside of the previously established mineralize materials at the Salvo Project with a combined acquisition cost of $ 349,805 349,805 During Fiscal 2014, the Company abandoned the Channen Project located in Texas with an acquisition cost of $ 428,164 166,720 58,340 653,224 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. The Palangana Mine has been the Company’s sole source for the uranium concentrates sold to generate its sales revenues during Fiscal 2015, Fiscal 2013 and 2012, with no sales revenues generated during Fiscal 2016, 2014 and prior to Fiscal 2012. The economic viability of the Company’s mining activities, including the expected duration and profitability of the Palangana Mine and of any future satellite ISR mines, such as the Burke Hollow and Goliad Projects, located within the South Texas Uranium Belt, has many risks and uncertainties. These include, but are not limited to: (i) a significant, prolonged decrease in the market price of uranium; (ii) difficulty in marketing and/or selling uranium concentrates; (iii) significantly higher than expected capital costs to construct the mine and/or processing plant; (iv) significantly higher than expected extraction costs; (v) significantly lower than expected uranium extraction; (vi) significant delays, reductions or stoppages of uranium extraction activities; and (vii) the introduction of significantly more stringent regulatory laws and regulations. The Company’s mining activities may change as a result of any one or more of these risks and uncertainties and there is no assurance that any ore body that we extract mineralized materials from will result in profitable mining activities. Fiscal 2017 $ 68,605 Fiscal 2018 52,028 Fiscal 2019 379,585 Fiscal 2020 832,588 Fiscal 2021 1,595,344 Total $ 2,928,150 Year Ended July 31, 2016 2015 2014 Mineral Property Expenditures Palangana Mine $ 1,273,002 $ 2,147,293 $ 2,566,770 Goliad Project 92,588 105,282 1,747,619 Burke Hollow Project 1,034,888 1,316,321 2,094,089 Longhorn Project 10,149 66,135 71,497 Salvo Project 34,289 54,462 14,384 Anderson Project 178,212 240,519 254,840 Workman Creek Project 32,820 31,702 32,290 Slick Rock Project 53,861 53,313 66,525 Yuty Project 388,840 392,879 451,464 Coronel Oviedo Project 569,077 564,501 759,804 Other Mineral Property Expenditures 701,831 733,673 1,101,366 Revaluation of Asset Retirement Obligations (308,398) - - $ 4,061,159 $ 5,706,080 $ 9,160,648 Palangana Mine, Texas The Company holds various mining lease and surface use agreements granting the Company the exclusive right to explore, develop and mine for uranium at the Palangana Mine, a 6,987 During Fiscal 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 $ 144,107 308,398 During Fiscal 2016, the Company continued with the strategic plan of 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. At July 31, 2016, capitalized costs of the Palangana Mine were $ 6,443,028 6,587,135 3,929,884 3,929,884 2,513,144 2,657,251 Goliad Project, Texas The Company holds various mining lease and surface use agreements granting the Company the exclusive right to explore, develop and mine for uranium at the Goliad Project, a 1,139 8,689,127 8,689,127 Burke Hollow Project, Texas The Company holds various mining lease and surface use agreements granting the Company the exclusive right to explore, develop and mine for uranium at the Burke Hollow Project, a 19,335 1,495,750 1,495,750 Longhorn Project, Texas The Company holds various mining lease and surface use agreements granting the Company the exclusive right to explore, develop and mine for uranium at the Longhorn Project, a 651 116,870 116,870 Salvo Project, Texas The Company holds various mining lease and surface use agreements granting the Company the exclusive right to explore, develop and mine for uranium at the Salvo Project, a 1,847 During Fiscal 2015, the Company abandoned 349,805 14,905 14,905 Nichols Project, Texas The Company holds a mining lease and surface use agreement granting the Company the exclusive right to explore, develop and mine for uranium at the Nichols Project, a 909 154,774 154,774 Anderson Project, Arizona The Company holds an undivided 100 8,268 9,154,268 9,154,268 Workman Creek Project, Arizona The Company holds an undivided 100 4,036 The Workman Creek Project is subject to a 3.0% net smelter royalty requiring an annual advance royalty payment of $50,000 for 2016 and 2017, and $100,000 thereafter. The Company has an exclusive right and option to acquire one-half (1.5%) of the net smelter royalty for $1,000,000 at any time until January 21, 2024. Additionally, certain individuals hold an option to acquire a 0.5% net smelter royalty exercisable by paying the Company the sum of $333,340 at any time until January 21, 2024. 1,472,008 1,472,008 Los Cuatros Project, Arizona The Company holds an undivided 100 640 257,250 257,250 Slick Rock Project, Colorado The Company holds an undivided 100 5,333 Certain claims of the Slick Rock Project are subject to a 1.0% or 3.0% net smelter royalty, the latter requiring an annual advance royalty payment of $30,000 beginning in November 2017. During Fiscal 2016, the Company abandoned certain mineral interests in the Slick Rock project with acquisition cost of $ 45,621 45,621 615,650 661,271 Yuty Project, Paraguay The Company holds an undivided 100 289,680 0.21 11,947,144 11,947,144 Coronel Oviedo Project, Paraguay The Company holds an undivided 100 464,548 The Coronel Oviedo Project is subject to a 1.5% gross overriding royalty over which the Company has an exclusive right and option at any time to acquire one-half percent (0.5%) for $166,667 and a right of first refusal to acquire all or any portion of the remaining one percent (1.0%). At July 31, 2016, 1,133,412 1,133,412

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Jul. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	PROPERTY, PLANT AND EQUIPMENT July 31, 2016 July 31, 2015 Cost Accumulated Net Book Cost Accumulated Net Book Hobson Processing Facility $ 6,819,088 $ (773,933) $ 6,045,155 $ 6,819,088 $ (773,933) $ 6,045,155 Mining Equipment 2,438,920 (2,256,901) 182,019 2,452,572 (2,019,996) 432,576 Logging Equipment and Vehicles 1,962,895 (1,801,811) 161,084 1,962,895 (1,714,908) 247,987 Computer Equipment 586,116 (555,972) 30,144 615,064 (573,355) 41,709 Furniture and Fixtures 172,348 (167,966) 4,382 182,802 (176,726) 6,076 Land 519,520 - 519,520 175,144 - 175,144 $ 12,498,887 $ (5,556,583) $ 6,942,304 $ 12,207,565 $ (5,258,918) $ 6,948,647 Hobson Processing Facility During Fiscal 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 Fiscal 2016.

RECLAMATION DEPOSITS

RECLAMATION DEPOSITS	12 Months Ended
	Jul. 31, 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. July 31, 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 818 816 $ 1,706,027 $ 1,706,025 During Fiscal 2015, the Company secured $ 5.6 2 3.9 1.7 30

OTHER LONG-TERM ASSET AND LIABI

OTHER LONG-TERM ASSET AND LIABILITY	12 Months Ended
	Jul. 31, 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 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 transferred 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, the Company does not consolidate the results of CIC and therefore, the other long-term asset effectively represents the amount paid in advance for CIC’s assets totaling $ 1,303,388 250,000 The Company’s maximum exposure to loss from the unconsolidated variable interest entity at July 31, 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 the Company 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 calculation of consideration transferred as it is probable that this payment will be made. The liability of $ 315,519 If the Company elects to exercise the Option in accordance with the SPOA, the Company is required to pay annual maintenance fees totaling $ 152,000

DUE TO RELATED PARTIES AND RELA

DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS	12 Months Ended
	Jul. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 7: DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS During Fiscal 2016, the Company incurred $ 164,566 148,602 152,090 During Fiscal 2016, the Company issued 117,998 109,738 98,371 11,367 15,000 18,150 During Fiscal 2014, the Company incurred $ 33,000 At July 31, 2016, amounts owed to related parties totaled $Nil (July 31, 2015: $ 14,660

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Jul. 31, 2016
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	NOTE 8: 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 · initial funding of $ 10,000,000 · additional funding of $ 10,000,000 The key terms of the Second Amended and Restated Credit Agreement are summarized as follows: · extension of the maturity date from July 31, 2017 to January 1, 2020; · deferral of the monthly principal payments (each of which is equal to one-twelfth of the principal balance then outstanding) commencement date from July 31, 2016 to February 1, 2019; · re-pricing and extension of the existing bonus warrants comprised of 2,600,000 2.50 1.35 · issuance of second extension fee shares equal to 4 800,000 959,613 10 · payment of anniversary fees to the Lenders on each of February 1, 2017, 2018 and 2019, of 5.5 4.5 4.5 10 · maintenance at all times of a working capital ratio of not less than 1:1. Working capital ratio is calculated by dividing current assets by current liabilities, excluding the effects of principal payments on the determination of working capital The Company is required to use the proceeds of the Credit Facility received in Fiscal 2013 and Fiscal 2014 for the development, operation and maintenance of the Hobson Processing Facility, the Goliad Project and the Palangana Mine and for working capital purposes. Under the terms of the Second Amended and Restated Credit Agreement, the non-revolving Credit Facility has an interest rate of 8 14.28 20,000,000 1,100,000 900,000 900,000 The Second Amended and Restated Credit Agreement supersedes, in their entirety, the Amended and Restated Credit Agreement of March 13, 2014 and the Credit Agreement dated of 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 % July 31, 2016 July 31, 2015 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount (801,822) (242,522) Long-term debt, net of unamortized discount 19,198,178 19,757,478 Current portion - 1,666,667 Long-term debt, net of current portion $ 19,198,178 $ 18,090,811 In Fiscal 2016, the amortization of debt discount totaled $ 1,245,615 1,353,773 1,498,858 During Fiscal 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 of March 13, 2014, the Company paid bonus shares to its lenders through the issuance of 752,320 900,000 4.5 20,000,000 Fiscal 2017 $ - Fiscal 2018 - Fiscal 2019 10,000,000 Fiscal 2020 10,000,000 Total $ 20,000,000

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	12 Months Ended
	Jul. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation Disclosure [Text Block]	NOTE 9: 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 (452,505) Accretion 272,123 Balance, July 31, 2016 $ 3,746,464 During Fiscal 2016, 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 $ 452,505 144,107 308,398 July 31, 2016 July 31, 2015 Undiscounted amount of estimated cash flows $ 6,650,255 $ 6,600,868 Payable in years 4.1 to 15 2.5 to 15 Inflation rate 1.15% to 2.25% 2.02% to 2.25% Discount rate 5.02% to 8.00% 6.56% to 8.00% Fiscal 2017 $ - Fiscal 2018 - Fiscal 2019 139,052 Fiscal 2020 414,058 Fiscal 2021 667,984 Remaining balance 5,429,161 $ 6,650,255

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Jul. 31, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 10: 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 (525,483) Net Cash Proceeds Received $ 9,984,517 Relative Fair Value Allocation to: Shares $ 8,365,037 Share Purchase Warrants 1,619,480 $ 9,984,517 On June 25, 2015, the Company completed a public offering of 5,000,000 2.00 10,000,000 Each unit was comprised of one share of common stock of the Company and one-half of one share purchase warrant, each whole warrant exercisable at a price of $ 2.35 2,500,000 350,000 2.35 1.60 Expected Risk Free Interest Rate 1.06 % Expected Annual Volatility 71.23 % Expected Contractual Life in Years 3.00 Expected Annual Dividend Yield 0 % Fair Value of Shares $ 8,000,000 Fair Value of Share Purchase Warrants 1,475,235 Total Fair Value Before Allocation to Net Proceeds $ 9,475,235 Gross Proceeds $ 10,000,000 Share Issuance Costs - Cash (891,635) Net Cash Proceeds Received $ 9,108,365 Relative Fair Value Allocation to: Shares $ 7,690,249 Share Purchase Warrants 1,418,116 $ 9,108,365 At July 31, 2016, a total of $ 35.1 64.9 ⋅ on June 25, 2015: $ 10.0 6.7 ⋅ on March 10, 2016: $ 10.5 7.9 On October 23, 2013, the Company completed a public offering of 3,380,954 2.10 7,100,003 Each unit was comprised of one share of the Company and 0.55 of one share purchase warrant, each whole warrant exercisable at a price of $ 2.60 1,859,524 The shares were valued at the Company’s closing price of $ 1.89 Expected Risk Free Interest Rate 0.60 % Expected Annual Volatility 66.34 % Expected Contractual Life in Years 3.00 Expected Annual Dividend Yield 0 % Fair Value of Shares $ 6,390,003 Fair Value of Share Purchase Warrants 627,775 Total Fair Value Before Allocation to Net Proceeds 7,017,778 Gross Proceeds 7,100,003 Share Issuance Costs (567,880) Net Proceeds Received 6,532,123 Relative Fair Value Allocation to: Shares 5,947,792 Share Purchase Warrants 584,331 $ 6,532,123 During Fiscal 2015, the Company completed a public offer and sale of 280,045 1.70 474,788 SM The 2011 Shelf expired on September 2, 2014. As a result, no further public offer and sale of the Company’s shares may be completed pursuant to an ATM Offering under the 2011 Shelf. Share Transactions Common Value per Share Issuance Period / Description Shares Issued Low High Value Balance, July 31, 2013 86,032,285 Equity Financing 3,380,954 1.76 1.76 5,947,792 Credit Facility 386,834 1.71 1.77 676,058 Consulting Services 635,303 1.06 2.41 1,101,932 Options Exercised (1) 470,492 0.33 0.45 27,401 Share Bonus 30,386 1.81 1.81 55,000 Advance Royalty for Workman Creek 30,304 1.15 1.15 34,850 Balance, July 31, 2014 90,966,558 Equity Financing 5,280,045 1.70 2.00 7,659,139 Consulting Services 1,108,390 1.07 2.90 1,851,074 Options Exercised (2) 304,657 0.33 1.32 24,550 Share Bonuses 174,437 1.35 1.35 235,490 Balance, July 31, 2015 97,834,087 Equity Financing 12,364,704 0.85 0.85 9,984,517 Credit Facility 1,711,933 0.83 1.20 1,700,000 Asset Acquisition 1,333,560 0.92 0.92 1,226,875 Settlement of Current Liabilities 487,574 0.93 0.93 453,444 Consulting Services 1,429,650 0.72 1.38 1,372,381 Options Exercised 682,167 0.33 0.33 225,115 Shares Issued Under Stock Incentive Plan 826,782 0.73 1.08 726,244 Balance, July 31, 2016 116,670,457 (1) 631,250 387,842 (2) 535,000 230,267 Share Purchase Warrants Weighted Number of Warrants Expiry Date Weighted Average $ 1.20 6,594,348 March 10, 2019 2.61 1.35 2,600,000 January 30, 2020 3.50 1.95 50,000 June 3, 2018 1.84 2.35 2,850,000 June 25, 2018 1.90 2.60 1,859,524 October 23, 2016 0.23 $ 1.65 13,953,872 2.31 On February 9, 2016, as part of the terms of the Second Amended and Restated Credit Agreement, the 2,600,000 1.35 2.50 Stock Options At July 31, 2016, the Company had one stock option plan, the 2016 Stock Incentive Plan (the “201 6 18,892,856 10,467,134 7,225,722 1,200,000 During Fiscal 2016, the Company granted stock options under the Stock Incentive Plan to the Company’s directors, officers, employees and consultants to purchase a total of 3,033,000 0.93 1.32 During Fiscal 2015, the Company granted stock options under the Stock Incentive Plan to the Company’s directors, officers, employees and consultants to purchase a total of 7,640,000 1.20 1.32 Majority of these stock options are subject to an 18-month vesting provision whereby at the end of each of the first three, six, 12 and 18 months after the grant date, 25 The five-year 10 Date Options Exercise Term Fair Expected Risk-Free Dividend Expected 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 % July 28, 2016 1,628,000 0.93 5 800,059 2.90 0.81 % 0.00 % 83.49 % Total 3,033,000 $ 1,577,980 Number of Stock Weighted Average Weighted Average Balance, July 31, 2013 8,966,189 $ 2.02 5.72 Exercised (713,900) 0.41 2.75 Expired (41,575) 4.85 - Forfeited (223,500) 3.46 5.48 Balance, July 31, 2014 7,987,214 2.10 4.97 Issued 7,640,000 1.32 4.10 Exercised (609,390) 1.16 3.87 Expired (15,599) 5.13 - Forfeited (126,250) 2.52 6.20 Cancelled (4,294,000) 2.59 5.59 Balance, July 31, 2015 10,581,975 1.38 3.68 Issued 3,033,000 1.02 4.65 Exercised (682,167) 0.33 0.01 Expired (1,950) 5.90 - Forfeited (825,000) 1.48 0.02 Balance, July 31, 2016 12,105,858 $ 1.34 3.36 In December 2014, the Company cancelled certain stock options previously granted to the Company’s directors, officers, employees and consultants to purchase a total of 4,294,000 2.25 5.65 10 At July 31, 2016, the aggregate intrinsic value under the provisions of ASC 718 of all outstanding stock options was estimated at $ 671,353 622,513 48,840 At July 31, 2016, unrecognized compensation cost related to non-vested stock options granted under the Company’s Stock Incentive Plans was $ 921,345 0.78 Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at Weighted Average Exercisable at Weighted Average $0.45 to $0.96 2,897,634 $ 0.73 1,269,634 $ 0.47 $0.97 to $2.45 8,322,500 1.35 7,627,500 1.37 $2.46 to $5.70 885,724 3.31 885,724 3.31 12,105,858 $ 1.34 9,782,858 $ 1.43 Stock-Based Compensation Year Ended July 31, 2016 2015 2014 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 1,630,635 $ 1,869,074 $ 1,101,932 Stock options issued to consultants 78,014 588,207 74,992 1,708,649 2,457,281 1,176,924 Stock-Based Compensation for Management Common stock issued to management 262,130 105,998 55,000 Stock options issued to management 735,991 1,617,937 - 998,121 1,723,935 55,000 Stock-Based Compensation for Employees Common stock issued to employees 205,860 111,492 - Stock options issued to employees 171,533 1,325,040 82,321 377,393 1,436,532 82,321 Stock-based compensation charged to inventory - - (4,795) $ 3,084,163 $ 5,617,748 $ 1,309,450

LOSS PER SHARE

LOSS PER SHARE	12 Months Ended
	Jul. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 11: LOSS PER SHARE The following table reconciles the weighted average number of shares used in the computation of basic and diluted loss per share for Fiscal 2016, 2015, and 2014: Year Ended July 31, 2016 2015 2014 Numerator Net Loss for the Year $ (17,329,872) $ (23,361,928) $ (25,975,107) Denominator Basic Weighted Average Number of Shares 106,086,782 92,397,547 89,136,505 Dilutive Stock Options and Warrants - - - Diluted Weighted Average Number of Shares 106,086,782 92,397,547 89,136,505 Net Loss per Share, Basic and Diluted $ (0.16) $ (0.25) $ (0.29) For Fiscal 2016, 2015 and 2014, all outstanding stock options and share purchase warrants were excluded from the computation of diluted loss per share since the Company reported net losses for those periods and their effects would be anti-dilutive.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jul. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 12: INCOME TAXES At July 31, 2016, the Company had U.S. and Canadian net operating loss carry-forwards of approximately $ 137.2 6.1 The Company reviews its valuation allowance requirements on an annual basis based on projected future operations. When circumstances change resulting in a change in management’s judgement about the recoverability of future tax assets, the impact of the change on the valuation allowance will generally be reflected in current income. Year Ended July 31, 2016 2015 2014 Federal income tax provision rate 35.00 % 35.00 % 35.00 % State income tax provision rate, net of federal income tax effect 0.35 % 0.32 % 0.22 % Total income tax provision rate 35.35 % 35.32 % 35.22 % Year Ended July 31, 2016 2015 2014 Loss before income taxes $ (17,362,111) $ (23,397,341) $ (26,044,816) Corporate tax rate 35.35 % 35.32 % 35.22 % Expected tax recovery (6,137,506) (8,263,941) (9,172,984) Increase (decrease) resulting from Foreign tax rate differences 230,148 223,980 286,071 Permanent differences 806,736 1,473,225 585,482 Prior year true-up (647,307) 50,025 (79,672) State tax rate true-up (105,843) (205,285) (199,795) Foreign exchange rate differences 129,015 144,242 97,565 Other 59,705 62,398 (10,431) Change in valuation allowance 5,627,606 6,474,775 8,419,286 Tax adjustment from operations (37,446) (40,581) (74,478) Unrealized loss, other comprehensive loss 5,207 5,168 4,769 Deferred income tax benefit $ (32,239) $ (35,413) $ (69,709) The Company has incurred taxable losses for all years since inception and accordingly, no provision for current income tax has been recorded for the current or any prior fiscal year. During Fiscal 2016, the Company recorded a deferred income tax benefit of $ 32,239 35,413 69,709 Year Ended July 31, 2016 2015 2014 United States $ (16,488,447) $ (22,612,974) $ (25,009,106) Canada 54,216 158,616 155,408 Paraguay (927,880) (942,983) (1,191,118) $ (17,362,111) $ (23,397,341) $ (26,044,816) July 31, 2016 July 31, 2015 Deferred tax assets (liabilities) Mineral property acquisitions $ 1,917,796 $ 1,867,777 Exploration costs 10,648,043 10,931,265 Stock option expense 7,081,853 5,771,387 Depreciable property (66,912) 78,651 Inventories (3,632,178) (2,530,383) Asset retirement obligations (220,209) (316,136) Other 271,468 333,026 Loss carry forward 49,565,476 43,802,183 65,565,337 59,937,770 Valuation allowance (65,570,544) (59,942,938) Deferred tax assets (5,207) (5,168) Deferred tax assets, other comprehensive loss 5,207 5,168 Deferred tax liabilities Mineral property acquisition (643,825) (676,064) Net deferred tax liabilities $ (643,825) $ (676,064) As the criteria for recognizing future income tax assets have not been met due to the uncertainty of realization, a valuation allowance of 100 July 31, 2023 $ 180,892 July 31, 2024 228,757 July 31, 2025 507,833 July 31, 2026 5,895,221 July 31, 2027 3,892,722 July 31, 2028 9,913,533 July 31, 2029 8,469,032 July 31, 2030 7,319,644 July 31, 2031 14,420,187 July 31, 2032 15,014,013 July 31, 2033 16,332,007 July 31, 2034 21,173,540 July 31, 2035 18,974,097 July 31, 2036 14,837,092 $ 137,158,570 For U.S. federal income tax purposes, a change in ownership under IRC Section 382 may have occurred in a prior year. If an ownership change has occurred, the utilization of these losses against future income would be subject to an annual limitation. The annual limitation would be equal to the value of the Company immediately prior to the change in ownership multiplied by the IRC Section 382 rate in effect during the month of the change. July 31, 2027 $ 183,105 July 31, 2028 629,788 July 31, 2029 769,072 July 31, 2030 1,314,392 July 31, 2031 2,210,551 July 31, 2032 761,843 July 31, 2033 69,854 July 31, 2034 61,769 July 31, 2035 41,173 July 31, 2036 9,952 $ 6,051,499

SEGMENTED INFORMATION

SEGMENTED INFORMATION	12 Months Ended
	Jul. 31, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 13: 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 July 31, 2016, long-term assets located in the U.S. were $ 33,172,502 69 48,175,670 July 31, 2016 United States Balance Sheet Items Texas Arizona Other States Canada Paraguay Total Mineral Rights and Properties $ 13,191,408 $ 10,891,861 $ 810,127 $ - $ 13,080,555 $ 37,973,951 Property, Plant and Equipment 6,573,079 - - 14,909 354,316 6,942,304 Reclamation Deposits 1,690,209 15,000 818 - - 1,706,027 Other Long-Term Assets - - - - 1,553,388 1,553,388 Total Long-Term Assets $ 21,454,696 $ 10,906,861 $ 810,945 $ 14,909 $ 14,988,259 $ 48,175,670 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 Year Ended July 31, 2016 Statement of Operations United States Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 2,733,007 236,717 133,518 - 957,917 4,061,159 General and administrative 6,447,801 205,591 2,724 2,636,514 5,116 9,297,746 Depreciation, amortization and accretion 857,966 - 2,821 8,142 6,795 875,724 Impairment loss on mineral property - - 97,114 - - 97,114 10,038,774 442,308 236,177 2,644,656 969,828 14,331,743 Loss from operations (10,038,774) (442,308) (236,177) (2,644,656) (969,828) (14,331,743) Other income (expenses) (3,012,281) (18,965) - 850 28 (3,030,368) Loss before income taxes $ (13,051,055) $ (461,273) $ (236,177) $ (2,643,806) $ (969,800) $ (17,362,111) Year Ended July 31, 2015 Statement of Operations United States Texas Arizona Other States Canada Paraguay Total Sales $ 3,080,000 $ - $ - $ - $ - $ 3,080,000 Costs and Expenses: Cost of sales 2,326,674 - - - - 2,326,674 Inventory write-down - - - - - - Mineral property expenditures 4,227,720 289,676 231,305 - 957,379 5,706,080 General and administrative 9,702,423 194,910 19,317 3,284,772 29,418 13,230,840 Depreciation, amortization and accretion 1,776,845 - 2,635 12,026 10,937 1,802,443 Impairment loss on mineral properties 349,805 - - - - 349,805 18,383,467 484,586 253,257 3,296,798 997,734 23,415,842 Loss from operations (15,303,467) (484,586) (253,257) (3,296,798) (997,734) (20,335,842) Other income (expenses) (3,042,084) (19,785) - (120) 490 (3,061,499) Loss before income taxes $ (18,345,551) $ (504,371) $ (253,257) $ (3,296,918) $ (997,244) $ (23,397,341) Year Ended July 31, 2014 Statement of Operations United States Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Inventory write-down 804,060 - - - - 804,060 Mineral property expenditures 7,362,492 328,479 258,408 - 1,211,269 9,160,648 General and administrative 5,726,867 187,997 85,027 3,822,974 2,931 9,825,796 Depreciation, amortization and accretion 2,348,846 758 7,470 23,720 12,072 2,392,866 Impairment loss on mineral property 440,115 5,041 208,068 - - 653,224 16,682,380 522,275 558,973 3,846,694 1,226,272 22,836,594 Loss from operations (16,682,380) (522,275) (558,973) (3,846,694) (1,226,272) (22,836,594) Other income (expenses) (3,185,554) (20,588) - (2,148) 68 (3,208,222) Loss before income taxes $ (19,867,934) $ (542,863) $ (558,973) $ (3,848,842) $ (1,226,204) $ (26,044,816)

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Jul. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	SUPPLEMENTAL CASH FLOW INFORMATION During Fiscal 2016, the Company issued 1,429,650 1,108,390 635,303 1,372,381 1,851,074 1,101,932 During Fiscal 2016, the Company issued 826,782 726,244 174,437 235,490 30,386 55,000 During Fiscal 2016, the Company paid $ 1,626,667 1,484,444 1,372,222 114,145 112,681 During Fiscal 2016, the Company issued 487,574 453,444 406,476 During Fiscal 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 paid $ 50,000 1,333,560 1,226,875 During Fiscal 2014, the Company issued 30,304 34,850

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jul. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 15: 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 $ 18,489 The aggregate minimum payments over the next five years are as follows: Fiscal 2017 $ 215,883 Fiscal 2018 197,689 Fiscal 2019 86,909 Fiscal 2020 87,520 Fiscal 2021 58,347 $ 646,348 The Company is committed to pay its key executives a total of $ 823,000 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 filed a motion to dismiss and on July 15, 2016, the U.S. District Court for the Southern District of Texas entered a final judgement dismissing the case in its entirety with prejudice. On September 22, 2016, the plaintiffs voluntarily dismissed their appeal of the district court’s judgment and on September 26, 2016 the United States Court of Appeals for the Fifth Circuit dismissed the Securities Case pursuant to the plaintiffs’ motion. As a result, the judgment in favor of the Company is final. No settlement payments or any other consideration was paid by the Company to the plaintiffs in connection with the lawsuit’s dismissal. 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 Derivative Cases are without merit and intends to vigorously defend the same. 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 operations or cash flows.

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jul. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation and Principles of Consolidation These consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) and are presented in United States dollars. The accompanying consolidated financial statements include the accounts of Uranium Energy Corp. and its wholly-owned subsidiaries, UEC Resources Ltd., UEC Paraguay Corp. and its subsidiary, Piedra Rica Mining S.A., Cue Resources Ltd. and its subsidiary, Transandes Paraguay S.A., JDL Resources Inc. and its subsidiary, Trier S.A., UEC Concentric Merge Corp., URN Texas GP, LLC, URN South Texas Project, Ltd. and a controlled partnership, South Texas Mining Venture, L.L.P. All significant inter-company transactions and balances have been eliminated upon consolidation. Certain comparative figures have been reclassified to conform to the current year’s presentation.
Exploratory Drilling Costs Capitalization and Impairment, Policy [Policy Text Block]	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, instead of 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.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities as of the balance sheet date and the corresponding revenues and expenses for the period reported. By their nature, these estimates and assumptions are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates and assumptions in future periods could be significant. Significant areas requiring management’s estimates and assumptions include determining the fair value of transactions involving shares of common stock, valuation and impairment losses on mineral rights and properties, valuation of stock-based compensation, valuation of variable share forward contract, net realizable value of inventory, valuation of other long-term asset, and valuation of long-term debt and asset retirement obligations. Other areas requiring estimates include allocations of expenditures to inventories, depletion and amortization of mineral rights and properties and depreciation of property, plant and equipment. Actual results could differ significantly from those estimates and assumptions.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation The functional currency of the Company, including its subsidiaries, is the United States dollar. UEC Resources Ltd. and Cue Resources Ltd. maintain their accounting records in their local currency, the Canadian dollar. Piedra Rica Mining S.A., Transandes Paraguay S.A and Trier S.A., maintain their accounting records in their local currency, the Paraguayan Guarani. In accordance with Accounting Standards Codification (“ASC”) 830: Foreign Currency Matters, the financial statements of the Company’s subsidiaries are translated into United States dollars using period-end exchange rates as to monetary assets and liabilities and average exchange rates as to revenues and expenses. Non-monetary assets are translated at their historical exchange rates. Net gains and losses resulting from foreign exchange translations and foreign currency exchange gains and losses on transactions occurring in a currency other than the Company’s functional currency are included in the determination of net income (loss) in the period.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly-liquid instruments with an original maturity of three months or less at the time of issuance to be cash equivalents.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments The fair values of cash and cash equivalents, other current assets which includes available-for-sale securities and accounts and interest receivable, accounts payable and accrued liabilities and due to related parties amounts were estimated to approximate their carrying values due to the immediate or short-term maturity of these financial instruments. Reclamation deposits are deposits mainly invested in short-term funds at major financial institutions and their fair values were estimated to approximate their carrying values. The Company’s operations and financing activities are conducted primarily in United States dollars and as a result, the Company is not significantly exposed to market risks from changes in foreign currency rates. The Company is exposed to credit risk through its cash and cash equivalents, but mitigates this risk by keeping deposits at major financial institutions.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements The Company measures its available-for-sale securities and variable share forward contracts at fair value in accordance with ASC 820: Fair Value Measurements. ASC 820 specifies a valuation hierarchy based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s own assumptions. These two types of inputs have resulted in the following fair value hierarchy: · Level 1: Quoted prices for identical instruments in active markets; · Level 2: Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and · Level 3: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The Company has determined that its available-for-sale securities are Level 1 financial instruments and its variable share forward contract is a Level 2 financial instrument.
Other Non-Current Asset [Policy Text Block]	Other Long-Term Asset Other long-term asset represents the Company’s option to acquire an equity interest in another entitiy (refer to Note 6). As the option doesn’t have a readily determinable fair value as defined by ASC 320: Investments – Debt and Equity Securities, it has been initially recognized and subsequently measured at costs, less accumulated impairment.
Inventory, Policy [Policy Text Block]	Inventories Inventories are comprised of supplies, uranium concentrates and work-in-progress. Expenditures include mining and processing activities that result in extraction of uranium concentrates and depreciation and depletion charges. Mining and processing costs include labor, chemicals, directly attributable uranium extraction expenditures and overhead related to uranium extraction. Inventories are carried at the lower of cost or net realizable value and are valued and charged to cost of sales using the average costing method.
Mineral Rights Policy [Policy Text Block]	Mineral Rights Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves, as defined by the SEC under Industry Guide 7, are established for that project. Expenditures relating to exploration activities are expensed as incurred and expenditures relating to pre-extraction activities are expensed as incurred until such time proven or probable reserves are established for that project, after which subsequent expenditures relating to development activities for that particular project are capitalized as incurred. Where proven and probable reserves have been established, the project’s capitalized expenditures are depleted over proven and probable reserves using the units-of-production method upon commencement of production. Where proven and probable reserves have not been established, the project’s capitalized expenditures are depleted over the estimated extraction life using the straight-line method upon commencement of extraction. The Company has not established proven or probable reserves for any of its projects. The carrying values of the mineral rights are assessed for impairment by management on a quarterly basis and as required whenever indicators of impairment exist. An impairment loss is recognized if it is determined that the carrying value is not recoverable and exceeds fair value.
Databases Policy [Policy Text Block]	Databases Expenditures relating to mineral property databases are capitalized upon acquisition while those developed internally are expensed as incurred. Mineral property databases are tested for impairment whenever events or changes indicate that the carrying values may not be recoverable. An impairment loss is recognized if it is determined that the carrying value is not recoverable and exceeds fair value. Mineral property databases are amortized using the straight-line method over a five-year period during which management believes these assets will contribute to the Company’s cash flows. Databases are included in Mineral Rights and Properties on the balance sheet.
Land Use Agreements [Policy Text Block]	Land Use Agreements Expenditures relating to mineral property land use agreements are capitalized upon acquisition. Mineral property land use agreements are tested for impairment whenever events or changes indicate that the carrying values may not be recoverable. An impairment loss is recognized if it is determined that the carrying value is not recoverable and exceeds fair value. Mineral property land use agreements are amortized using the straight-line method over a ten-year period during which management believes these assets will contribute to the Company’s cash flows. Land use agreements are included in Mineral Rights and Properties on the balance sheet.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment Property, plant and equipment are recorded at cost and depreciated to their estimated residual values using the straight-line method over their estimated useful lives, as follows: · Hobson processing facility: 15 · Mining and logging equipment and vehicles: 5 10 · Computer equipment: 3 · Furniture and fixtures: 5 · Leasehold improvements: Term of lease
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed of significantly before the end of its estimated useful life. Recoverability of these assets is measured by comparison of the carrying amounts to the future undiscounted cash flows expected to be generated by the assets. An impairment loss is recognized when the carrying amount is not recoverable and exceeds fair value.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company follows the liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income for the years in which those differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment. The Company recognizes deferred taxes on unrealized gains directly within other comprehensive income, and concurrently releases part of the valuation allowance resulting in no impact within other comprehensive income or on the balance sheet. The Company’s policy is to accrue any interest and penalties related to unrecognized tax benefits in its provision for income taxes. Additionally, ASC 740: Income Taxes, requires that the Company recognize in its financial statements the impact of a tax position that is more likely than not to be sustained upon examination based on the technical merits of the position.
Asset Retirement Obligations, Policy [Policy Text Block]	Restoration and Remediation Costs (Asset Retirement Obligations) Various federal and state mining laws and regulations require the Company to reclaim the surface areas and restore underground water quality for its mine projects to the pre-existing mine area average quality after the completion of mining. Future reclamation and remediation costs, which include extraction equipment removal and environmental remediation, are accrued at the end of each period based on management’s best estimate of the costs expected to be incurred for each project. Such estimates consider the costs of future surface and groundwater activities, current regulations, actual expenses incurred, and technology and industry standards. In accordance with ASC 410: Asset Retirement and Environmental Obligations, the Company capitalizes the measured fair value of asset retirement obligations to mineral rights and properties. The asset retirement obligations are accreted to an undiscounted value until the time at which they are expected to be settled. The accretion expense is charged to earnings and the actual retirement costs are recorded against the asset retirement obligations when incurred. Any difference between the recorded asset retirement obligations and the actual retirement costs incurred will be recorded as a gain or loss in the period of settlement. On a quarterly basis, the Company reviews the assumptions used to estimate the expected cash flows required to settle the asset retirement obligations, including changes in estimated probabilities, amounts and timing of the settlement of the asset retirement obligations, as well as changes in any regulatory or legal obligations for each of its mineral projects. Changes in any one or more of these assumptions may cause revision of asset retirement obligations and the associated underlying assets. Revisions to the asset retirement obligations associated with fully depleted projects (with a carrying value of $Nil) are charged to the statement of operations.
Revenue Recognition, Allowances [Policy Text Block]	Revenue Recognition The recognition of revenue from sales of uranium concentrates is in accordance with the guidelines outlined in ASC Section 605-10-25, Revenue Recognition. The Company delivers its uranium concentrates to a uranium storage facility and once the product is confirmed to meet the required specifications, the Company receives credit for a specified quantity measured in pounds. Future sales of uranium concentrates are expected to generally occur under uranium supply agreements or through the uranium spot market. Once a sale of uranium concentrates is negotiated, the Company will notify the uranium storage facility with instructions for a title transfer to the customer. Revenue is recognized once a title transfer of the uranium concentrates is confirmed by the uranium storage facility at which point the customer is invoiced by the Company.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company follows ASC 718: Compensation - Stock Compensation, which addresses the accounting for stock-based payment transactions, requiring such transactions to be accounted for using the fair value method. Awards of shares for property or services are recorded at the more readily measurable fair value of the stock and the fair value of the service. The Company uses the Black-Scholes option pricing model to determine the grant date fair value of stock option awards under ASC 718. The fair value is charged to earnings over the period in which the award was earned, depending on the terms and conditions of the award and the nature of the relationship between the recipient and the Company. For employees and management, the fair value is charged to earnings on an accelerated basis over the vesting period of the award. For consultants, the fair value is charged to earnings over the term of the service period, with unvested amounts revalued at each reporting period over the service period. The Company estimates the expected forfeitures and updates the valuation accordingly. From time to time, the Company issues shares of its common stock as compensation to the Company’s directors, officers and employees and for various consulting services. The fair values of the shares are measured using the closing price of the Company’s shares on the issuance date.
Earnings Per Share, Policy [Policy Text Block]	Earnings (Loss) Per Common Share Basic earnings (loss) per share includes no potential dilution and is computed by dividing the earnings (loss) attributable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings (loss) per share reflect the potential dilution of securities that could share in the earnings (loss) of the Company.
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting Policies Not Yet Adopted In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, which provides a comprehensive revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard creates a five-step model for revenue recognition to achieve the objective of recognizing revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. The five-step model includes: (i) identifying the contract; (ii) identifying the separate performance obligations in the contract; (iii) determining the transaction price; (iv) allocating the transaction price to the separate performance obligations; and (v) recognizing revenue when each performance obligation has been satisfied. The standard also requires expanded disclosures surrounding revenue recognition. The standard is effective for fiscal periods beginning after December 15, 2017 and early adoption is not permitted. Accordingly, the Company will adopt the standard effective August 1, 2018. Companies are allowed to use either full retrospective or modified retrospective adoption. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements. In August 2014, FASB issued ASU 2014-15: Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. ASU 2014-15 requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. Accordingly, the Company will adopt the standard effective August 1, 2016 for the fiscal year ending July 31, 2017, and does not expect that this election will have a significant impact on the Company’s consolidated financial statements. 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 will adopt the standard and election to account for forfeitures when they occur for the fiscal year ending July 31, 2017. The Company does not expect that this election will have a significant impact on the Company’s consolidated financial statements.

MINERAL RIGHTS AND PROPERTIES (

MINERAL RIGHTS AND PROPERTIES (Tables)	12 Months Ended
	Jul. 31, 2016
Mineral Industries Disclosures [Abstract]
Schedule Of Mineral Rights and Property Acquisition Costs [Table Text Block]	Mineral rights and property acquisition costs consisted of the following: July 31, 2016 July 31, 2015 Mineral Rights and Properties Palangana Mine $ 6,443,028 $ 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 234,248 285,741 41,728,434 41,969,655 Accumulated Depletion (3,929,884) (3,929,884) 37,798,550 38,039,771 Databases 2,410,038 2,410,038 Accumulated Amortization (2,364,019) (2,166,966) 46,019 243,072 Land Use Agreements 404,310 390,155 Accumulated Amortization (274,928) (235,031) 129,382 155,124 $ 37,973,951 $ 38,437,967
Schedule of Finite-Lived Mineral Rights And Properties, Future Estimated Amortization And Depletion Expense [Table Text Block]	The estimated depletion and amortization of mineral rights and properties for the next five fiscal years are as follows: Fiscal 2017 $ 68,605 Fiscal 2018 52,028 Fiscal 2019 379,585 Fiscal 2020 832,588 Fiscal 2021 1,595,344 Total $ 2,928,150
Schedule Of Mineral Property Expenditures Incurred by Major Projects [Table Text Block]	Mineral property expenditures incurred by major projects were as follows: Year Ended July 31, 2016 2015 2014 Mineral Property Expenditures Palangana Mine $ 1,273,002 $ 2,147,293 $ 2,566,770 Goliad Project 92,588 105,282 1,747,619 Burke Hollow Project 1,034,888 1,316,321 2,094,089 Longhorn Project 10,149 66,135 71,497 Salvo Project 34,289 54,462 14,384 Anderson Project 178,212 240,519 254,840 Workman Creek Project 32,820 31,702 32,290 Slick Rock Project 53,861 53,313 66,525 Yuty Project 388,840 392,879 451,464 Coronel Oviedo Project 569,077 564,501 759,804 Other Mineral Property Expenditures 701,831 733,673 1,101,366 Revaluation of Asset Retirement Obligations (308,398) - - $ 4,061,159 $ 5,706,080 $ 9,160,648

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Jul. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consisted of the following: July 31, 2016 July 31, 2015 Cost Accumulated Net Book Cost Accumulated Net Book Hobson Processing Facility $ 6,819,088 $ (773,933) $ 6,045,155 $ 6,819,088 $ (773,933) $ 6,045,155 Mining Equipment 2,438,920 (2,256,901) 182,019 2,452,572 (2,019,996) 432,576 Logging Equipment and Vehicles 1,962,895 (1,801,811) 161,084 1,962,895 (1,714,908) 247,987 Computer Equipment 586,116 (555,972) 30,144 615,064 (573,355) 41,709 Furniture and Fixtures 172,348 (167,966) 4,382 182,802 (176,726) 6,076 Land 519,520 - 519,520 175,144 - 175,144 $ 12,498,887 $ (5,556,583) $ 6,942,304 $ 12,207,565 $ (5,258,918) $ 6,948,647

RECLAMATION DEPOSITS (Tables)

RECLAMATION DEPOSITS (Tables)	12 Months Ended
	Jul. 31, 2016
RECLAMATION DEPOSITS [Abstract]
Schedule Of Reclamation Deposits [Table Text Block]	Reclamation deposits consisted of the following: July 31, 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 818 816 $ 1,706,027 $ 1,706,025

OTHER LONG-TERM ASSET AND LIA26

OTHER LONG-TERM ASSET AND LIABILITY (Tables)	12 Months Ended
	Jul. 31, 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 transferred 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)	12 Months Ended
	Jul. 31, 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 using 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]	At July 31, 2016, long-term debt consisted of the following: July 31, 2016 July 31, 2015 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount (801,822) (242,522) Long-term debt, net of unamortized discount 19,198,178 19,757,478 Current portion - 1,666,667 Long-term debt, net of current portion $ 19,198,178 $ 18,090,811
Schedule of Maturities of Long-term Debt [Table Text Block]	The aggregate yearly maturities of long-term debt based on principal amounts outstanding at July 31, 2016 are as follows: 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)	12 Months Ended
	Jul. 31, 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 (452,505) Accretion 272,123 Balance, July 31, 2016 $ 3,746,464
Schedule Of Estimated Cash flow and Assumption Used For ARO [Table Text Block]	The estimated amounts and timing of cash flows and assumptions used for the ARO estimates are as follows: July 31, 2016 July 31, 2015 Undiscounted amount of estimated cash flows $ 6,650,255 $ 6,600,868 Payable in years 4.1 to 15 2.5 to 15 Inflation rate 1.15% to 2.25% 2.02% to 2.25% Discount rate 5.02% to 8.00% 6.56% to 8.00%
Schedule Of Undiscounted Amounts Of Estimated Cash Flows [Table Text Block]	Fiscal 2017 $ - Fiscal 2018 - Fiscal 2019 139,052 Fiscal 2020 414,058 Fiscal 2021 667,984 Remaining balance 5,429,161 $ 6,650,255

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	12 Months Ended
	Jul. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Schedule of Share Transactions [Table Text Block]	A summary of the Company’s share transactions for Fiscal 2016, 2015 and 2014 are as follows: Common Value per Share Issuance Period / Description Shares Issued Low High Value Balance, July 31, 2013 86,032,285 Equity Financing 3,380,954 1.76 1.76 5,947,792 Credit Facility 386,834 1.71 1.77 676,058 Consulting Services 635,303 1.06 2.41 1,101,932 Options Exercised (1) 470,492 0.33 0.45 27,401 Share Bonus 30,386 1.81 1.81 55,000 Advance Royalty for Workman Creek 30,304 1.15 1.15 34,850 Balance, July 31, 2014 90,966,558 Equity Financing 5,280,045 1.70 2.00 7,659,139 Consulting Services 1,108,390 1.07 2.90 1,851,074 Options Exercised (2) 304,657 0.33 1.32 24,550 Share Bonuses 174,437 1.35 1.35 235,490 Balance, July 31, 2015 97,834,087 Equity Financing 12,364,704 0.85 0.85 9,984,517 Credit Facility 1,711,933 0.83 1.20 1,700,000 Asset Acquisition 1,333,560 0.92 0.92 1,226,875 Settlement of Current Liabilities 487,574 0.93 0.93 453,444 Consulting Services 1,429,650 0.72 1.38 1,372,381 Options Exercised 682,167 0.33 0.33 225,115 Shares Issued Under Stock Incentive Plan 826,782 0.73 1.08 726,244 Balance, July 31, 2016 116,670,457 (1) 631,250 387,842 (2) 535,000 230,267
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	A summary of share purchase warrants outstanding and exercisable at July 31, 2016 are as follows: Weighted Number of Warrants Expiry Date Weighted Average $ 1.20 6,594,348 March 10, 2019 2.61 1.35 2,600,000 January 30, 2020 3.50 1.95 50,000 June 3, 2018 1.84 2.35 2,850,000 June 25, 2018 1.90 2.60 1,859,524 October 23, 2016 0.23 $ 1.65 13,953,872 2.31
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 Fiscal 2016, including corresponding grant date fair values and assumptions using the Black-Scholes option pricing model, is as follows: Date Options Exercise Term Fair Expected Risk-Free Dividend Expected 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 % July 28, 2016 1,628,000 0.93 5 800,059 2.90 0.81 % 0.00 % 83.49 % Total 3,033,000 $ 1,577,980
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A continuity schedule of outstanding stock options for the underlying common shares at July 31, 2016, and the changes during the periods, is as follows: Number of Stock Weighted Average Weighted Average Balance, July 31, 2013 8,966,189 $ 2.02 5.72 Exercised (713,900) 0.41 2.75 Expired (41,575) 4.85 - Forfeited (223,500) 3.46 5.48 Balance, July 31, 2014 7,987,214 2.10 4.97 Issued 7,640,000 1.32 4.10 Exercised (609,390) 1.16 3.87 Expired (15,599) 5.13 - Forfeited (126,250) 2.52 6.20 Cancelled (4,294,000) 2.59 5.59 Balance, July 31, 2015 10,581,975 1.38 3.68 Issued 3,033,000 1.02 4.65 Exercised (682,167) 0.33 0.01 Expired (1,950) 5.90 - Forfeited (825,000) 1.48 0.02 Balance, July 31, 2016 12,105,858 $ 1.34 3.36
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	A summary of stock options outstanding and exercisable at July 31, 2016 is as follows: Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at Weighted Average Exercisable at Weighted Average $0.45 to $0.96 2,897,634 $ 0.73 1,269,634 $ 0.47 $0.97 to $2.45 8,322,500 1.35 7,627,500 1.37 $2.46 to $5.70 885,724 3.31 885,724 3.31 12,105,858 $ 1.34 9,782,858 $ 1.43
Schedule Of Stock based Compensation Expense [Table Text Block]	A summary of stock-based compensation expense for Fiscal 2016, 2015 and 2014 is as follows: Year Ended July 31, 2016 2015 2014 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 1,630,635 $ 1,869,074 $ 1,101,932 Stock options issued to consultants 78,014 588,207 74,992 1,708,649 2,457,281 1,176,924 Stock-Based Compensation for Management Common stock issued to management 262,130 105,998 55,000 Stock options issued to management 735,991 1,617,937 - 998,121 1,723,935 55,000 Stock-Based Compensation for Employees Common stock issued to employees 205,860 111,492 - Stock options issued to employees 171,533 1,325,040 82,321 377,393 1,436,532 82,321 Stock-based compensation charged to inventory - - (4,795) $ 3,084,163 $ 5,617,748 $ 1,309,450
2016 Offering Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
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 March 2016 Offering were allocated to the fair value 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 (525,483) Net Cash Proceeds Received $ 9,984,517 Relative Fair Value Allocation to: Shares $ 8,365,037 Share Purchase Warrants 1,619,480 $ 9,984,517
2015 Offering Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The shares were valued at the Company’s closing price of $ 1.60 Expected Risk Free Interest Rate 1.06 % Expected Annual Volatility 71.23 % Expected Contractual Life in Years 3.00 Expected Annual Dividend Yield 0 %
Schedule of Stockholders Equity [Table Text Block]	The net proceeds from the June 2015 Offering were allocated to the fair value of the shares and share purchase warrants as presented below: Fair Value of Shares $ 8,000,000 Fair Value of Share Purchase Warrants 1,475,235 Total Fair Value Before Allocation to Net Proceeds $ 9,475,235 Gross Proceeds $ 10,000,000 Share Issuance Costs - Cash (891,635) Net Cash Proceeds Received $ 9,108,365 Relative Fair Value Allocation to: Shares $ 7,690,249 Share Purchase Warrants 1,418,116 $ 9,108,365
2014 Offering Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
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 0.60 % Expected Annual Volatility 66.34 % Expected Contractual Life in Years 3.00 Expected Annual Dividend Yield 0 %
Schedule of Stockholders Equity [Table Text Block]	Fair Value of Shares $ 6,390,003 Fair Value of Share Purchase Warrants 627,775 Total Fair Value Before Allocation to Net Proceeds 7,017,778 Gross Proceeds 7,100,003 Share Issuance Costs (567,880) Net Proceeds Received 6,532,123 Relative Fair Value Allocation to: Shares 5,947,792 Share Purchase Warrants 584,331 $ 6,532,123

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	12 Months Ended
	Jul. 31, 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 computation of basic and diluted loss per share for Fiscal 2016, 2015, and 2014: Year Ended July 31, 2016 2015 2014 Numerator Net Loss for the Year $ (17,329,872) $ (23,361,928) $ (25,975,107) Denominator Basic Weighted Average Number of Shares 106,086,782 92,397,547 89,136,505 Dilutive Stock Options and Warrants - - - Diluted Weighted Average Number of Shares 106,086,782 92,397,547 89,136,505 Net Loss per Share, Basic and Diluted $ (0.16) $ (0.25) $ (0.29)

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jul. 31, 2016
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	A reconciliation of income tax computed at the federal and state statutory tax rates including the Company’s effective tax rate is as follows: Year Ended July 31, 2016 2015 2014 Federal income tax provision rate 35.00 % 35.00 % 35.00 % State income tax provision rate, net of federal income tax effect 0.35 % 0.32 % 0.22 % Total income tax provision rate 35.35 % 35.32 % 35.22 %
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The actual income tax provisions differ from the expected amounts calculated by applying the combined federal and state corporate income tax rates to the Company’s loss before income taxes. The components of these differences are as follows: Year Ended July 31, 2016 2015 2014 Loss before income taxes $ (17,362,111) $ (23,397,341) $ (26,044,816) Corporate tax rate 35.35 % 35.32 % 35.22 % Expected tax recovery (6,137,506) (8,263,941) (9,172,984) Increase (decrease) resulting from Foreign tax rate differences 230,148 223,980 286,071 Permanent differences 806,736 1,473,225 585,482 Prior year true-up (647,307) 50,025 (79,672) State tax rate true-up (105,843) (205,285) (199,795) Foreign exchange rate differences 129,015 144,242 97,565 Other 59,705 62,398 (10,431) Change in valuation allowance 5,627,606 6,474,775 8,419,286 Tax adjustment from operations (37,446) (40,581) (74,478) Unrealized loss, other comprehensive loss 5,207 5,168 4,769 Deferred income tax benefit $ (32,239) $ (35,413) $ (69,709)
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	The components of income (loss) from operations before income taxes, by tax jurisdiction, are as follows: Year Ended July 31, 2016 2015 2014 United States $ (16,488,447) $ (22,612,974) $ (25,009,106) Canada 54,216 158,616 155,408 Paraguay (927,880) (942,983) (1,191,118) $ (17,362,111) $ (23,397,341) $ (26,044,816)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The Company’s deferred tax assets (liabilities) are as follows: July 31, 2016 July 31, 2015 Deferred tax assets (liabilities) Mineral property acquisitions $ 1,917,796 $ 1,867,777 Exploration costs 10,648,043 10,931,265 Stock option expense 7,081,853 5,771,387 Depreciable property (66,912) 78,651 Inventories (3,632,178) (2,530,383) Asset retirement obligations (220,209) (316,136) Other 271,468 333,026 Loss carry forward 49,565,476 43,802,183 65,565,337 59,937,770 Valuation allowance (65,570,544) (59,942,938) Deferred tax assets (5,207) (5,168) Deferred tax assets, other comprehensive loss 5,207 5,168 Deferred tax liabilities Mineral property acquisition (643,825) (676,064) Net deferred tax liabilities $ (643,825) $ (676,064)
CANADA
Summary of Operating Loss Carryforwards [Table Text Block]	The Company’s Canadian net operating loss carry-forwards in Canadian dollars expire as follows: July 31, 2027 $ 183,105 July 31, 2028 629,788 July 31, 2029 769,072 July 31, 2030 1,314,392 July 31, 2031 2,210,551 July 31, 2032 761,843 July 31, 2033 69,854 July 31, 2034 61,769 July 31, 2035 41,173 July 31, 2036 9,952 $ 6,051,499
UNITED STATES
Summary of Operating Loss Carryforwards [Table Text Block]	The Company’s U.S. net operating loss carry-forwards expire as follows: July 31, 2023 $ 180,892 July 31, 2024 228,757 July 31, 2025 507,833 July 31, 2026 5,895,221 July 31, 2027 3,892,722 July 31, 2028 9,913,533 July 31, 2029 8,469,032 July 31, 2030 7,319,644 July 31, 2031 14,420,187 July 31, 2032 15,014,013 July 31, 2033 16,332,007 July 31, 2034 21,173,540 July 31, 2035 18,974,097 July 31, 2036 14,837,092 $ 137,158,570

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	12 Months Ended
	Jul. 31, 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 segment: July 31, 2016 United States Balance Sheet Items Texas Arizona Other States Canada Paraguay Total Mineral Rights and Properties $ 13,191,408 $ 10,891,861 $ 810,127 $ - $ 13,080,555 $ 37,973,951 Property, Plant and Equipment 6,573,079 - - 14,909 354,316 6,942,304 Reclamation Deposits 1,690,209 15,000 818 - - 1,706,027 Other Long-Term Assets - - - - 1,553,388 1,553,388 Total Long-Term Assets $ 21,454,696 $ 10,906,861 $ 810,945 $ 14,909 $ 14,988,259 $ 48,175,670 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 table below provides a breakdown of the Company’s operating results by geographic segment. All intercompany transactions have been eliminated. Year Ended July 31, 2016 Statement of Operations United States Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 2,733,007 236,717 133,518 - 957,917 4,061,159 General and administrative 6,447,801 205,591 2,724 2,636,514 5,116 9,297,746 Depreciation, amortization and accretion 857,966 - 2,821 8,142 6,795 875,724 Impairment loss on mineral property - - 97,114 - - 97,114 10,038,774 442,308 236,177 2,644,656 969,828 14,331,743 Loss from operations (10,038,774) (442,308) (236,177) (2,644,656) (969,828) (14,331,743) Other income (expenses) (3,012,281) (18,965) - 850 28 (3,030,368) Loss before income taxes $ (13,051,055) $ (461,273) $ (236,177) $ (2,643,806) $ (969,800) $ (17,362,111) Year Ended July 31, 2015 Statement of Operations United States Texas Arizona Other States Canada Paraguay Total Sales $ 3,080,000 $ - $ - $ - $ - $ 3,080,000 Costs and Expenses: Cost of sales 2,326,674 - - - - 2,326,674 Inventory write-down - - - - - - Mineral property expenditures 4,227,720 289,676 231,305 - 957,379 5,706,080 General and administrative 9,702,423 194,910 19,317 3,284,772 29,418 13,230,840 Depreciation, amortization and accretion 1,776,845 - 2,635 12,026 10,937 1,802,443 Impairment loss on mineral properties 349,805 - - - - 349,805 18,383,467 484,586 253,257 3,296,798 997,734 23,415,842 Loss from operations (15,303,467) (484,586) (253,257) (3,296,798) (997,734) (20,335,842) Other income (expenses) (3,042,084) (19,785) - (120) 490 (3,061,499) Loss before income taxes $ (18,345,551) $ (504,371) $ (253,257) $ (3,296,918) $ (997,244) $ (23,397,341) Year Ended July 31, 2014 Statement of Operations United States Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Inventory write-down 804,060 - - - - 804,060 Mineral property expenditures 7,362,492 328,479 258,408 - 1,211,269 9,160,648 General and administrative 5,726,867 187,997 85,027 3,822,974 2,931 9,825,796 Depreciation, amortization and accretion 2,348,846 758 7,470 23,720 12,072 2,392,866 Impairment loss on mineral property 440,115 5,041 208,068 - - 653,224 16,682,380 522,275 558,973 3,846,694 1,226,272 22,836,594 Loss from operations (16,682,380) (522,275) (558,973) (3,846,694) (1,226,272) (22,836,594) Other income (expenses) (3,185,554) (20,588) - (2,148) 68 (3,208,222) Loss before income taxes $ (19,867,934) $ (542,863) $ (558,973) $ (3,848,842) $ (1,226,204) $ (26,044,816)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Jul. 31, 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 years are as follows: Fiscal 2017 $ 215,883 Fiscal 2018 197,689 Fiscal 2019 86,909 Fiscal 2020 87,520 Fiscal 2021 58,347 $ 646,348

NATURE OF OPERATIONS AND GOIN34

NATURE OF OPERATIONS AND GOING CONCERN (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013
Entity Incorporation, Date of Incorporation	May 16, 2003
Working Capital	$ 6,200,000
Cash and Cash Equivalents, at Carrying Value, Total	$ 7,142,571	$ 10,092,408	$ 8,839,892	$ 14,171,807

SUMMARY OF SIGNIFICANT ACCOUN35

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	12 Months Ended
	Jul. 31, 2016
Hobson processing facility [Member]
Property, Plant and Equipment, Estimated Useful Lives	15
Mining and logging equipment and vehicles [Member] | Maximum [Member]
Property, Plant and Equipment, Estimated Useful Lives	10
Mining and logging equipment and vehicles [Member] | Minimum [Member]
Property, Plant and Equipment, Estimated Useful Lives	5
Computer Equipment [Member]
Property, Plant and Equipment, Estimated Useful Lives	3
Furniture and Fixtures [Member]
Property, Plant and Equipment, Estimated Useful Lives	5

MINERAL RIGHTS AND PROPERTIES36

MINERAL RIGHTS AND PROPERTIES (Details) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
Mineral Rights and Properties
Mineral Rights and Properties, Gross	$ 41,728,434	$ 41,969,655
Accumulated Depletion	(3,929,884)	(3,929,884)
Mineral Rights and Properties	37,973,951	38,437,967
Mineral Rights and Properties, Total	37,973,951	38,437,967
Databases [Member]
Mineral Rights and Properties
Finite-Lived Intangible Assets, Gross	2,410,038	2,410,038
Accumulated Amortization	(2,364,019)	(2,166,966)
Finite-Lived Intangible Assets, Total	46,019	243,072
Land Use Agreements [Member]
Mineral Rights and Properties
Finite-Lived Intangible Assets, Gross	404,310	390,155
Accumulated Amortization	(274,928)	(235,031)
Finite-Lived Intangible Assets, Total	129,382	155,124
Palangana Mine [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	6,443,028	6,587,135
Accumulated Depletion	(3,929,884)	(3,929,884)
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	$ 234,248	$ 285,741

MINERAL RIGHTS AND PROPERTIES37

MINERAL RIGHTS AND PROPERTIES (Details 1)	Jul. 31, 2016USD ($)
Fiscal 2,017	$ 68,605
Fiscal 2,018	52,028
Fiscal 2,019	379,585
Fiscal 2,020	832,588
Fiscal 2,021	1,595,344
Total	$ 2,928,150

MINERAL RIGHTS AND PROPERTIES38

MINERAL RIGHTS AND PROPERTIES (Details 2) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Mineral property expenditures	$ 4,061,159	$ 5,706,080	$ 9,160,648
Revaluation of Asset Retirement Obligations	(308,398)	0	0
Palangana Mine [Member]
Mineral property expenditures	1,273,002	2,147,293	2,566,770
Revaluation of Asset Retirement Obligations	(308,398)
Goliad Project [Member]
Mineral property expenditures	92,588	105,282	1,747,619
Burke Hollow Project [Member]
Mineral property expenditures	1,034,888	1,316,321	2,094,089
Longhorn Project [Member]
Mineral property expenditures	10,149	66,135	71,497
Salvo Project [Member]
Mineral property expenditures	34,289	54,462	14,384
Anderson Project [Member]
Mineral property expenditures	178,212	240,519	254,840
Workman Creek Project [Member]
Mineral property expenditures	32,820	31,702	32,290
Slick Rock Project [Member]
Mineral property expenditures	53,861	53,313	66,525
Yuty Project [Member]
Mineral property expenditures	388,840	392,879	451,464
Coronel Oviedo Project [Member]
Mineral property expenditures	569,077	564,501	759,804
Other Mineral Property [Member]
Mineral property expenditures	$ 701,831	$ 733,673	$ 1,101,366

MINERAL RIGHTS AND PROPERTIES39

MINERAL RIGHTS AND PROPERTIES (Details Textual)	12 Months Ended
	Jul. 31, 2016USD ($)a	Jun. 30, 2016	Jul. 31, 2015USD ($)	Jul. 31, 2014USD ($)
Exploration Abandonment and Impairment Expense	$ 97,114		$ 349,805
Impairment of Long-Lived Assets Held-for-use	97,114		349,805	$ 653,224
Revaluation of Asset Retirement Obligations	308,398		0	0
Mineral Properties, Gross	41,728,434		41,969,655
Mineral Properties, Accumulated Depletion	3,929,884		3,929,884
Palangana Mine [Member]
Asset Retirement Obligation, Revision of Estimate	144,107
Revaluation of Asset Retirement Obligations	$ 308,398
Area of Land | a	6,987
Lessor Leasing Arrangements, Operating Leases, Term of Contract	5 years
Mineral Properties, Gross	$ 6,443,028		6,587,135
Mineral Properties, Accumulated Depletion	3,929,884		3,929,884
Mineral Rights Net Of Accumulated Depletion	2,513,144		2,657,251
Mining Properties and Mineral Rights [Member]
Payment to Maintain Mineral Properties in Good Standing	$ 1,528,000
Channen Project [Member]
Exploration Abandonment and Impairment Expense				428,164
Todilto Project [Member]
Exploration Abandonment and Impairment Expense				166,720
Other project [Member]
Exploration Abandonment and Impairment Expense				$ 58,340
Goliad Project [Member]
Area of Land | a	1,139
Lessor Leasing Arrangements, Operating Leases, Term of Contract	5 years
Mineral Properties, Gross	$ 8,689,127		8,689,127
Burke Hollow Project [Member]
Area of Land | a	19,335
Lessor Leasing Arrangements, Operating Leases, Term of Contract	5 years
Mineral Properties, Gross	$ 1,495,750		1,495,750
Longhorn Project [Member]
Area of Land | a	651
Lessor Leasing Arrangements, Operating Leases, Term of Contract	5 years
Mineral Properties, Gross	$ 116,870		116,870
Salvo Project [Member]
Exploration Abandonment and Impairment Expense			349,805
Area of Land | a	1,847
Lessor Leasing Arrangements, Operating Leases, Term of Contract	5 years
Mineral Properties, Gross	$ 14,905		14,905
Nichols Project [Member]
Area of Land | a	909
Lessor Leasing Arrangements, Operating Leases, Term of Contract	5 years
Mineral Properties, Gross	$ 154,774		154,774
Anderson Project [Member]
Area of Land | a	8,268
Mineral Properties, Gross	$ 9,154,268		9,154,268
Interest on Property		100.00%
Workman Creek Project [Member]
Area of Land | a	4,036
Mineral Properties, Gross	$ 1,472,008		1,472,008
Lease Terms, Description	The Workman Creek Project is subject to a 3.0% net smelter royalty requiring an annual advance royalty payment of $50,000 for 2016 and 2017, and $100,000 thereafter. The Company has an exclusive right and option to acquire one-half (1.5%) of the net smelter royalty for $1,000,000 at any time until January 21, 2024. Additionally, certain individuals hold an option to acquire a 0.5% net smelter royalty exercisable by paying the Company the sum of $333,340 at any time until January 21, 2024.
Operating Leases, Annual Advance Royalty, Payment In Year Two	$ 50,000
Interest on Property	100.00%
Los Cuatros Project [Member]
Area of Land | a	640
Mineral Properties, Gross	$ 257,250		257,250
Interest on Property		100.00%
Slick Rock Project [Member]
Exploration Abandonment and Impairment Expense	45,621
Impairment of Long-Lived Assets Held-for-use	$ 45,621
Area of Land | a	5,333
Mineral Properties, Gross	$ 615,650		661,271
Lease Terms, Description	Certain claims of the Slick Rock Project are subject to a 1.0% or 3.0% net smelter royalty, the latter requiring an annual advance royalty payment of $30,000 beginning in November 2017.
Interest on Property		100.00%
Yuty Project [Member]
Area of Land | a	289,680
Mineral Properties, Gross	$ 11,947,144		11,947,144
Overriding Royalty, per pound	0.21
Interest on Property		100.00%
Coronel Oviedo Project [Member]
Area of Land | a	464,548
Mineral Properties, Gross	$ 1,133,412		$ 1,133,412
Lease Terms, Description	The Coronel Oviedo Project is subject to a 1.5% gross overriding royalty over which the Company has an exclusive right and option at any time to acquire one-half percent (0.5%) for $166,667 and a right of first refusal to acquire all or any portion of the remaining one percent (1.0%). At July 31, 2016,
Interest on Property		100.00%

PROPERTY, PLANT AND EQUIPMENT40

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
Property, Plant and Equipment [Line Items]
Cost	$ 12,498,887	$ 12,207,565
Accumulated Depreciation	(5,556,583)	(5,258,918)
Net Book Value	6,942,304	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	2,438,920	2,452,572
Accumulated Depreciation	(2,256,901)	(2,019,996)
Net Book Value	182,019	432,576
Logging Equipment and Vehicles [Member]
Property, Plant and Equipment [Line Items]
Cost	1,962,895	1,962,895
Accumulated Depreciation	(1,801,811)	(1,714,908)
Net Book Value	161,084	247,987
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	586,116	615,064
Accumulated Depreciation	(555,972)	(573,355)
Net Book Value	30,144	41,709
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Cost	172,348	182,802
Accumulated Depreciation	(167,966)	(176,726)
Net Book Value	4,382	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 ($)	Jul. 31, 2016	Jul. 31, 2015
Reclamation Deposits	$ 1,706,027	$ 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	$ 818	$ 816

RECLAMATION DEPOSITS (Detail Te

RECLAMATION DEPOSITS (Detail Textual) - USD ($) $ in Millions	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value		$ 5.6
Pledged Assets Separately Reported Securities Pledged For Other Debt Obligations At Fair Value Premium, Percentage		2.00%
Proceeds From Reclamation Deposits	$ 3.9
Securities Held as Collateral, at Fair Value	$ 1.7
Pledged Assets Separately Reported Securities Pledged For Other Debt Obligations At Fair Value, Percentage	30.00%	30.00%

OTHER LONG-TERM ASSET AND LIA43

OTHER LONG-TERM ASSET AND LIABILITY (Details)	12 Months Ended
	Jul. 31, 2016USD ($)
Consideration transferred
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
JDL Resources Inc [Member]
Consideration transferred
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
JDL Resources Inc [Member] | Land [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	344,376
JDL Resources Inc [Member] | Prepaid expenses [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	3,804
JDL Resources Inc [Member] | Other long-term asset [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	1,553,388
JDL Resources Inc [Member] | Due to CIC [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	(315,519)
JDL Resources Inc [Member] | Cash and Cash Equivalents [Member]
Assets acquired and liabilities assumed
Fair Value of Assets Acquired Liabilities Assumed	$ 3,916

OTHER LONG-TERM ASSET AND LIA44

OTHER LONG-TERM ASSET AND LIABILITY (Details) (Parenthetical) - JDL Resources Inc [Member]	12 Months Ended
	Jul. 31, 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 LIA45

OTHER LONG-TERM ASSET AND LIABILITY (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2016	Mar. 04, 2016	Jul. 31, 2015
Payments to Acquire Royalty Interests in Mining Properties	$ 500,000
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	1,303,388
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
Maintenance Costs	$ 152,000
Net Smelter Return Royalty to Grant to Acquiree	1.50%
Royalty Interest To Acquire	0.50%
Asset Acquisition, Cash payable upon exercise the Option	$ 250,000
Titanium Mineral [Member]
Ownership Percentage On Asset To Acquire Upon Exercise Of Option		100.00%
JDL Resources Inc [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	1,333,560
Payments to Acquire Businesses, Gross	$ 50,000
Asset Acquisition, Cash payable upon exercise the Option	$ 250,000

DUE TO RELATED PARTIES AND RE46

DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Related Party Transaction [Line Items]
General and Administrative Expense, Total	$ 9,297,746	$ 13,230,840	$ 9,825,796
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total	1,429,650	1,108,390	635,303
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total	$ 1,372,381	$ 1,851,074	$ 1,101,932
Due to Related Parties, Current	0	14,660
Stock Issued During Period, Value, New Issues	8,365,037	$ 7,659,139	5,947,792
Due to Related Parties	$ 98,371
Director [Member]
Related Party Transaction [Line Items]
Payment for Management Fee			33,000
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	$ 164,566	$ 148,602	$ 152,090

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	12 Months Ended
	Jul. 31, 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 ($)	Jul. 31, 2016	Jul. 31, 2015
Debt Instrument [Line Items]
Principal amount	$ 20,000,000	$ 20,000,000
Unamortized discount	(801,822)	(242,522)
Long-term debt, net of unamortized discount	19,198,178	19,757,478
Current portion	0	1,666,667
Long-term debt, net of current portion	$ 19,198,178	$ 18,090,811

LONG-TERM DEBT (Details 2)

LONG-TERM DEBT (Details 2) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
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 ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Jul. 31, 2016	Apr. 30, 2016	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014	Jul. 30, 2013	Feb. 09, 2016
Debt Instrument [Line Items]
Amortization of Debt Discount (Premium)				$ 1,245,615	$ 1,353,773	$ 1,498,858
Stock Issued During Period, Value, Other				1,700,000		$ 676,058
Long-term Debt, Gross		$ 20,000,000		$ 20,000,000	$ 20,000,000
Rate of Second Extension Anniversary Fee Payable In Second Year		4.50%		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%	10.00%
Rate of Second Extension Anniversary Fee Payable In Third Year		4.50%
Working Capital Ratio				1:1
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		2,600,000		2,600,000
Stock Purchase Warrants Extension Terms				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;
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
Proceeds from Lines of Credit	$ 10,000,000						$ 10,000,000
After Amendment [Member]
Debt Instrument [Line Items]
Stock Purchase Warrants Expiration Date				Jan. 30, 2020
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 1.35		$ 1.35				$ 1.35
Before Amendment [Member]
Debt Instrument [Line Items]
Stock Purchase Warrants Expiration Date				Jul. 30, 2018
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 2.50		$ 2.50				$ 2.50
Non-Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period		8.00%
Restated Credit Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Frequency of Periodic Payment				monthly
Debt Instrument Amended Terms				maturity date from July 31, 2017 to January 1, 2020;
Secured Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross		$ 20,000,000		$ 20,000,000				$ 20,000,000
Debt Instrument, Interest Rate, Effective Percentage		14.28%		14.28%
Anniversary Fees Payable In Next Twelve Month		$ 1,100,000		$ 1,100,000
Anniversary Fees Payable In Second Year		900,000		900,000
Anniversary Fees Payable In Third Year		$ 900,000		$ 900,000
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)	12 Months Ended
	Jul. 31, 2016USD ($)
Schedule of Change in Asset Retirement Obligations
Beginning Balance	$ 3,926,846
Revision in estimate of asset retirement obligations	(452,505)
Accretion	272,123
Ending Balance	$ 3,746,464

ASSET RETIREMENT OBLIGATIONS 52

ASSET RETIREMENT OBLIGATIONS (Details 1) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Assumptions Used For ARO Estimates [Line Items]
Undiscounted amount of estimated cash flows	$ 6,650,255	$ 6,600,868
Minimum [Member]
Assumptions Used For ARO Estimates [Line Items]
Payable in years	4 years 1 month 6 days	2 years 6 months
Inflation rate	1.15%	2.02%
Discount rate	5.02%	6.56%
Maximum [Member]
Assumptions Used For ARO Estimates [Line Items]
Payable in years	15 years	15 years
Inflation rate	2.25%	2.25%
Discount rate	8.00%	8.00%

ASSET RETIREMENT OBLIGATIONS 53

ASSET RETIREMENT OBLIGATIONS (Details 2)	12 Months Ended
	Jul. 31, 2016USD ($)
Undiscounted Amount Of Estimated Cash Flow
Undiscounted Amount of Estimated Cash Flows	$ 6,650,255
Asset Retirement Obligation Next Twelve Months [Member]
Undiscounted Amount Of Estimated Cash Flow
Undiscounted Amount of Estimated Cash Flows	0
Asset Retirement Obligation Year Two [Member]
Undiscounted Amount Of Estimated Cash Flow
Undiscounted Amount of Estimated Cash Flows	0
Asset Retirement Obligation Year Three [Member]
Undiscounted Amount Of Estimated Cash Flow
Undiscounted Amount of Estimated Cash Flows	139,052
Asset Retirement Obligation Year Four [Member]
Undiscounted Amount Of Estimated Cash Flow
Undiscounted Amount of Estimated Cash Flows	414,058
Asset Retirement Obligation Year Five [Member]
Undiscounted Amount Of Estimated Cash Flow
Undiscounted Amount of Estimated Cash Flows	667,984
Asset Retirement Obligation Remainder Of Fiscal Year [Member]
Undiscounted Amount Of Estimated Cash Flow
Undiscounted Amount of Estimated Cash Flows	$ 5,429,161

ASSET RETIREMENT OBLIGATIONS 54

ASSET RETIREMENT OBLIGATIONS (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Asset Retirement Obligations [Line Items]
Asset Retirement Obligation, Period Increase (Decrease), Total	$ (452,505)
Revaluation of Asset Retirement Obligations	308,398	$ 0	$ 0
Palangana Mine [Member]
Asset Retirement Obligations [Line Items]
Asset Retirement Obligation, Period Increase (Decrease), Total	452,505
Asset Retirement Obligation, Revision of Estimate	144,107
Revaluation of Asset Retirement Obligations	$ 308,398

CAPITAL STOCK (Details)

CAPITAL STOCK (Details)	12 Months Ended
	Jul. 31, 2016
2016 Offering Warrant [Member]
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%
2015 Offering Warrant [Member]
Expected Risk Free Interest Rate	1.06%
Expected Annual Volatility	71.23%
Expected Contractual Life in Years	3 years
Expected Annual Dividend Yield	0.00%
2014 Offering Warrant [Member]
Expected Risk Free Interest Rate	0.60%
Expected Annual Volatility	66.34%
Expected Contractual Life in Years	3 years
Expected Annual Dividend Yield	0.00%

CAPITAL STOCK (Details 1)

CAPITAL STOCK (Details 1) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Gross Proceeds	$ 10,209,632	$ 9,650,530	$ 6,342,254
Relative Fair Value Allocation to:
Shares	8,365,037	7,659,139	5,947,792
Common Stock [Member]
Relative Fair Value Allocation to:
Shares	12,365	5,280	3,381
2016 Offering [Member]
Total Fair Value Before Allocation to Net Proceeds	11,954,405
Gross Proceeds	10,510,000
Share Issuance Costs - Cash	(525,483)
Net Cash Proceeds Received	9,984,517
Relative Fair Value Allocation to:
Shares	8,365,037
Share Purchase Warrants	1,619,480
Proceeds from Issuance or Sale of Equity, Total	9,984,517
2016 Offering [Member] | Warrant [Member]
Total Fair Value Before Allocation to Net Proceeds	1,938,995
2016 Offering [Member] | Common Stock [Member]
Total Fair Value Before Allocation to Net Proceeds	$ 10,015,410
2015 Offering [Member]
Total Fair Value Before Allocation to Net Proceeds		9,475,235
Gross Proceeds		10,000,000
Share Issuance Costs - Cash		(891,635)
Net Cash Proceeds Received		9,108,365
Relative Fair Value Allocation to:
Shares		7,690,249
Share Purchase Warrants		1,418,116
Proceeds from Issuance or Sale of Equity, Total		9,108,365
2015 Offering [Member] | Warrant [Member]
Total Fair Value Before Allocation to Net Proceeds		1,475,235
2015 Offering [Member] | Common Stock [Member]
Total Fair Value Before Allocation to Net Proceeds		$ 8,000,000
2014 Offering [Member]
Total Fair Value Before Allocation to Net Proceeds			7,017,778
Gross Proceeds			7,100,003
Share Issuance Costs - Cash			(567,880)
Net Cash Proceeds Received			6,532,123
Relative Fair Value Allocation to:
Shares			5,947,792
Share Purchase Warrants			584,331
Proceeds from Issuance or Sale of Equity, Total			6,532,123
2014 Offering [Member] | Warrant [Member]
Total Fair Value Before Allocation to Net Proceeds			627,775
2014 Offering [Member] | Common Stock [Member]
Total Fair Value Before Allocation to Net Proceeds			$ 6,390,003

CAPITAL STOCK (Details 2)

CAPITAL STOCK (Details 2) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015		Jul. 31, 2014
Share Transactions [Line Items]
Balance Begining	97,834,087	90,966,558		86,032,285
Common stock Issued for equity financing, net of issuance costs	$ 8,365,037	$ 7,659,139		$ 5,947,792
Balance Ending	116,670,457	97,834,087		90,966,558
Shares Issued For Credit Facility [Member]
Share Transactions [Line Items]
Common Shares Issued	1,711,933			386,834
Common stock Issued for equity financing, net of issuance costs	$ 1,700,000			$ 676,058
Shares Issued For Credit Facility [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.83			$ 1.71
Shares Issued For Credit Facility [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 1.20			$ 1.77
Settlement of Current Liabilities [Member]
Share Transactions [Line Items]
Common Shares Issued	487,574
Common stock Issued for equity financing, net of issuance costs	$ 453,444
Settlement of Current Liabilities [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.93
Settlement of Current Liabilities [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.93
Equity Financing [Member]
Share Transactions [Line Items]
Common Shares Issued	12,364,704	5,280,045		3,380,954
Common stock Issued for equity financing, net of issuance costs	$ 9,984,517	$ 7,659,139		$ 5,947,792
Equity Financing [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.85	$ 1.70		$ 1.76
Equity Financing [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.85	$ 2		$ 1.76
Asset Acquisition [Member]
Share Transactions [Line Items]
Common Shares Issued	1,333,560
Common stock Issued for equity financing, net of issuance costs	$ 1,226,875
Asset Acquisition [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.92
Asset Acquisition [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.92
Share Bonuses [Member]
Share Transactions [Line Items]
Common Shares Issued		174,437		30,386
Common stock Issued for equity financing, net of issuance costs		$ 235,490		$ 55,000
Share Bonuses [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share		$ 1.35		$ 1.81
Share Bonuses [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share		$ 1.35		$ 1.81
Consulting Services [Member]
Share Transactions [Line Items]
Common Shares Issued	1,429,650	1,108,390		635,303
Common stock Issued for equity financing, net of issuance costs	$ 1,372,381	$ 1,851,074		$ 1,101,932
Consulting Services [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.72	$ 1.07		$ 1.06
Consulting Services [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 1.38	$ 2.90		$ 2.41
Options Exercised [Member]
Share Transactions [Line Items]
Common Shares Issued	682,167	304,657	[1]	470,492	[2]
Common stock Issued for equity financing, net of issuance costs	$ 225,115	$ 24,550	[1]	$ 27,401	[2]
Options Exercised [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.33	$ 0.33	[1]	$ 0.33	[2]
Options Exercised [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.33	$ 1.32	[1]	$ 0.45	[2]
Advance Royalty for Workman Creek [Member]
Share Transactions [Line Items]
Common Shares Issued				30,304
Common stock Issued for equity financing, net of issuance costs				$ 34,850
Advance Royalty for Workman Creek [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share				$ 1.15
Advance Royalty for Workman Creek [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share				$ 1.15
Stock Incentive Plan [Member]
Share Transactions [Line Items]
Common Shares Issued	826,782
Common stock Issued for equity financing, net of issuance costs	$ 726,244
Stock Incentive Plan [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.73
Stock Incentive Plan [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 1.08
[1]	535,000 options were exercised on a forfeiture basis resulting in 230,267 net shares issued.
[2]	631,250 options were exercised on a forfeiture basis resulting in 387,842 net shares issued.

CAPITAL STOCK (Details 3)

CAPITAL STOCK (Details 3)	12 Months Ended
	Jul. 31, 2016$ / sharesshares
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 1.65
Number of Warrants Outstanding | shares	13,953,872
Weighted Average Remaining Contractual Remaining Contractual Life (Years)	2 years 3 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 7 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 6 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)	1 year 10 months 2 days
Warrants4 [Member]
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 2.35
Number of Warrants Outstanding | shares	2,850,000
Expiry Date	Jun. 25, 2018
Weighted Average Remaining Contractual Remaining Contractual Life (Years)	1 year 10 months 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)	2 months 23 days

CAPITAL STOCK (Details 4)

CAPITAL STOCK (Details 4) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Schedule of Share Based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Line Items]
Options Issued	3,033,000	7,640,000
Fair Value	$ 1,577,980
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%
July 28, 2016 [Member]
Schedule of Share Based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Line Items]
Options Issued	1,628,000
Exercise Price	$ 0.93
Term (Years)	5 years
Fair Value	$ 800,059
Expected Life (Years)	2 years 10 months 24 days
Risk-Free Interest Rate	0.81%
Dividend Yield	0.00%
Expected Volatility	83.49%

CAPITAL STOCK (Details 5)

CAPITAL STOCK (Details 5) - $ / shares	1 Months Ended	12 Months Ended
	Dec. 31, 2014	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014	Jul. 30, 2013
Share Based Compensation Stock Options Activity [Line Items]
Number of Stock Options, Issued		3,033,000	7,640,000
Number of Stock Options, Cancelled	4,294,000
Employee Stock Option [Member]
Share Based Compensation Stock Options Activity [Line Items]
Number of Stock Options, Begining Balance		10,581,975	7,987,214	8,966,189
Number of Stock Options, Issued		3,033,000	7,640,000
Number of Stock Options, Exercised		(682,167)	(609,390)	(713,900)	(631,250)
Number of Stock Options, Forfeited		(825,000)	(126,250)	(223,500)
Number of Stock Options, Expired		(1,950)	(15,599)	(41,575)
Number of Stock Options, Cancelled			(4,294,000)
Number of Stock Options, Ending Balance		12,105,858	10,581,975	7,987,214
Weighted Average Exercise Price, Begining Balance		$ 1.38	$ 2.1	$ 2.02
Weighted Average Exercise Price, Issued		1.02	1.32
Weighted Average Exercise Price, Exercised		0.33	1.16	0.41
Weighted Average Exercise Price, Forfeited		1.48	2.52	3.46
Weighted Average Exercise Price, Expired		5.90	5.13	4.85
Weighted Average Exercise Price, Cancelled			2.59
Weighted Average Exercise Price, Ending Balance		$ 1.34	$ 1.38	$ 2.1
Weighted Average Remaining Contractual Term, Issued		4 years 7 months 24 days	4 years 1 month 6 days
Weighted Average Remaining Contractual Term, Exercised		4 days	3 years 10 months 13 days	2 years 9 months
Weighted Average Remaining Contractual Term, Forfeited		7 days	6 years 2 months 12 days	5 years 5 months 23 days
Weighted Average Remaining Contractual Term, Cancelled			5 years 7 months 2 days
Weighted Average Remaining Contractual Term		3 years 4 months 10 days	3 years 8 months 5 days	4 years 11 months 19 days	5 years 8 months 19 days

CAPITAL STOCK (Details 6)

CAPITAL STOCK (Details 6)	12 Months Ended
	Jul. 31, 2016$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Ending balance | shares	12,105,858
Options Outstanding, Weighted Average Exercise Price, Ending balance	$ 1.34
Options Exercisable, Ending balance | shares	9,782,858
Options Exercisable, Weighted Average Exercise Price, Ending balance	$ 1.43
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 | shares	2,897,634
Options Outstanding, Weighted Average Exercise Price, Ending balance	$ 0.73
Options Exercisable, Ending balance | shares	1,269,634
Options Exercisable, Weighted Average Exercise Price, Ending balance	$ 0.47
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 | shares	8,322,500
Options Outstanding, Weighted Average Exercise Price, Ending balance	$ 1.35
Options Exercisable, Ending balance | shares	7,627,500
Options Exercisable, Weighted Average Exercise Price, Ending balance	$ 1.37
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 | shares	885,724
Options Outstanding, Weighted Average Exercise Price, Ending balance	$ 3.31
Options Exercisable, Ending balance | shares	885,724
Options Exercisable, Weighted Average Exercise Price, Ending balance	$ 3.31

CAPITAL STOCK (Details 7)

CAPITAL STOCK (Details 7) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Stock based Compensation Expense [Line Items]
Share-based Compensation, Total	$ 3,084,163	$ 5,617,748	$ 1,309,450
Stock-Based Compensation for Management [Member]
Stock based Compensation Expense [Line Items]
Common stock issued	262,130	105,998	55,000
Stock options issued	735,991	1,617,937	0
Share-based Compensation, Total	998,121	1,723,935	55,000
Charged to Inventory [Member] [Member]
Stock based Compensation Expense [Line Items]
Share-based Compensation, Total	0	0	(4,795)
Stock-Based Compensation for Consultants [Member]
Stock based Compensation Expense [Line Items]
Common stock issued	1,630,635	1,869,074	1,101,932
Stock options issued	78,014	588,207	74,992
Share-based Compensation, Total	1,708,649	2,457,281	1,176,924
Stock-Based Compensation for Employees [Member]
Stock based Compensation Expense [Line Items]
Common stock issued	205,860	111,492	0
Stock options issued	171,533	1,325,040	82,321
Share-based Compensation, Total	$ 377,393	$ 1,436,532	$ 82,321

CAPITAL STOCK (Details Textual)

CAPITAL STOCK (Details Textual) - USD ($)	Mar. 10, 2016	Feb. 09, 2016	Jul. 31, 2016	Jun. 25, 2015	Dec. 31, 2014	Oct. 23, 2013	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014	Jul. 30, 2013
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value			$ 671,353				$ 671,353
Share Price	$ 0.81
Class of Warrant or Right, Number of Securities Called by Warrants or Rights			2,600,000				2,600,000
Common Stock, Value, Issued			$ 116,670				$ 116,670	$ 97,841
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross							3,033,000	7,640,000
Sharebased Compensation Arrangement By Share Based Payment Award Options Unvested In Period Fair Value1			48,840
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value			$ 622,513				$ 622,513
Share-based Compensation Arrangement by Share-based Payment Award, Options, Cancellations in Period					4,294,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Contractual Term					10 years		5 years	5 years
Employee Stock Option [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period							682,167	609,390	713,900	631,250
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross							3,033,000	7,640,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price							$ 1.02	$ 1.32
Share-based Compensation Arrangement by Share-based Payment Award, Options, Cancellations in Period								(4,294,000)
After Amendment [Member]
Capital Stock [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 1.35	$ 1.35				1.35
Before Amendment [Member]
Capital Stock [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 2.50	$ 2.50				2.50
Minimum [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 2.25		$ 0.93	$ 1.20
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Contractual Term							5 years
Maximum [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price					$ 5.65		$ 1.32	$ 1.32
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Contractual Term							10 years
Warrant [Member]
Capital Stock [Line Items]
Stock Issued During Period, Shares, New Issues		2,600,000
Options Exercised [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period								387,842	230,267
June 25,2015 [Member]
Capital Stock [Line Items]
Stock Issued During Period, Shares, New Issues				5,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights				$ 2.35
Class of Warrant or Right, Number of Securities Called by Warrants or Rights				2,500,000
Proceeds from Issuance or Sale of Equity, Total				$ 10,000,000
Sale of Stock, Price Per Share				$ 2
Share Units Sold Description And Terms				Each unit was comprised of one share of common stock of the Company and one-half of one share purchase warrant, each whole warrant exercisable at a price of $2.35 for a three year period to purchase one share of the Company totaling 2,500,000 shares.
Warrant Expiration Term				3 years
October 23, 2013
Capital Stock [Line Items]
Stock Issued During Period, Shares, New Issues						3,380,954
Share Price						$ 1.89
Class of Warrant or Right, Exercise Price of Warrants or Rights						$ 2.60
Class of Warrant or Right, Number of Securities Called by Warrants or Rights						1,859,524
Proceeds from Issuance or Sale of Equity, Total						$ 7,100,003
Sale of Stock, Price Per Share						$ 2.10
Share Units Sold Description And Terms						Each unit was comprised of one share of the Company and 0.55 of one share purchase warrant, each whole warrant exercisable at a price of $2.60 for a three year period to purchase one share of the Company totaling 1,859,524 shares.
Warrant Expiration Term						3 years
Agents [Member]
Capital Stock [Line Items]
Share Price				$ 1.60
Class of Warrant or Right, Exercise Price of Warrants or Rights				$ 2.35
Class of Warrant or Right, Number of Securities Called by Warrants or Rights				350,000
Warrant Expiration Term				3 years
2014 Shelf Offering
Capital Stock [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
2014 Shelf Offering | June 25,2015 [Member]
Capital Stock [Line Items]
Common Stock, Value, Issued			$ 35,100,000				35,100,000
Common Stock, Value, Subscriptions			$ 64,900,000				$ 64,900,000
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 Stock [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 Stock [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
2011 Shelf Offering [Member]
Capital Stock [Line Items]
Stock Issued During Period, Shares, New Issues								280,045
Proceeds from Issuance or Sale of Equity, Total								$ 474,788
Sale of Stock, Price Per Share								$ 1.70
2015 Stock Incentive Plan [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant			7,225,722				7,225,722
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross							10,467,134
2016 Stock Incentive Plan [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized			18,892,856				1,200,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total			$ 921,345				$ 921,345
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition							9 months 11 days

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Numerator
Net Loss for the Period	$ (17,329,872)	$ (23,361,928)	$ (25,975,107)
Denominator
Basic Weighted Average Number of Shares	106,086,782	92,397,547	89,136,505
Dilutive Stock Options and Warrants	0	0	0
Diluted Weighted Average Number of Shares	106,086,782	92,397,547	89,136,505
Net Loss per Share, Basic and Diluted	$ (0.16)	$ (0.25)	$ (0.29)

INCOME TAXES (Details)

INCOME TAXES (Details)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Federal income tax provision rate	35.00%	35.00%	35.00%
State income tax provision rate, net of federal income tax effect	0.35%	0.32%	0.22%
Total income tax provision rate	35.35%	35.32%	35.22%

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Loss before income taxes	$ (17,362,111)	$ (23,397,341)	$ (26,044,816)
Corporate tax rate	35.35%	35.32%	35.22%
Expected tax recovery	$ (6,137,506)	$ (8,263,941)	$ (9,172,984)
Foreign tax rate differences	230,148	223,980	286,071
Permanent differences	806,736	1,473,225	585,482
Prior year true-up	(647,307)	50,025	(79,672)
State tax rate true-up	(105,843)	(205,285)	(199,795)
Foreign exchange rate differences	129,015	144,242	97,565
Other	59,705	62,398	(10,431)
Change in valuation allowance	5,627,606	6,474,775	8,419,286
Tax adjustment from operations	(37,446)	(40,581)	(74,478)
Unrealized loss, other comprehensive loss	5,207	5,168	4,769
Deferred income tax benefit	$ (32,239)	$ (35,413)	$ (69,709)

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest, Total	$ (17,362,111)	$ (23,397,341)	$ (26,044,816)
UNITED STATES
Income (Loss) from Continuing Operations before Income Taxes, Domestic	(16,488,447)	(22,612,974)	(25,009,106)
CANADA
Income (Loss) from Continuing Operations before Income Taxes, Foreign	54,216	158,616	155,408
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest, Total	(2,643,806)	(3,296,918)	(3,848,842)
PARAGUAY
Income (Loss) from Continuing Operations before Income Taxes, Foreign	(927,880)	(942,983)	(1,191,118)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest, Total	$ (969,800)	$ (997,244)	$ (1,226,204)

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
Deferred tax assets (liabilities)
Mineral property acquisitions	$ 1,917,796	$ 1,867,777
Exploration costs	10,648,043	10,931,265
Stock option expense	7,081,853	5,771,387
Depreciable property	(66,912)	78,651
Inventories	(3,632,178)	(2,530,383)
Asset retirement obligations	(220,209)	(316,136)
Other	271,468	333,026
Loss carry forward	49,565,476	43,802,183
Deferred Tax Assets, Gross	65,565,337	59,937,770
Valuation allowance	(65,570,544)	(59,942,938)
Deferred tax assets	(5,207)	(5,168)
Deferred tax assets, other comprehensive loss	5,207	5,168
Deferred tax liabilities
Mineral property acquisition	(643,825)	(676,064)
Net deferred tax liabilities	$ (643,825)	$ (676,064)

INCOME TAXES (Details 4)

INCOME TAXES (Details 4) - UNITED STATES	Jul. 31, 2016USD ($)
Operating Loss Carryforwards	$ 137,158,570
Tax Year 2023 [Member]
Operating Loss Carryforwards	180,892
Tax Year 2024 [Member]
Operating Loss Carryforwards	228,757
Tax Year 2025 [Member]
Operating Loss Carryforwards	507,833
Tax Year 2026 [Member]
Operating Loss Carryforwards	5,895,221
Tax Year 2027 [Member]
Operating Loss Carryforwards	3,892,722
Tax Year 2028 [Member]
Operating Loss Carryforwards	9,913,533
Tax Year 2029 [Member]
Operating Loss Carryforwards	8,469,032
Tax Year 2030 [Member]
Operating Loss Carryforwards	7,319,644
Tax Year 2031 [Member]
Operating Loss Carryforwards	14,420,187
Tax Year 2032 [Member]
Operating Loss Carryforwards	15,014,013
Tax Year 2033 [Member]
Operating Loss Carryforwards	16,332,007
Tax Year 2034 [Member]
Operating Loss Carryforwards	21,173,540
Tax Year 2035 [Member]
Operating Loss Carryforwards	18,974,097
Tax Year 2036 [Member]
Operating Loss Carryforwards	$ 14,837,092

INCOME TAXES (Details 5)

INCOME TAXES (Details 5) - CANADA	Jul. 31, 2016USD ($)
Operating Loss Carryforwards	$ 6,051,499
Tax Year 2027 [Member]
Operating Loss Carryforwards	183,105
Tax Year 2028 [Member]
Operating Loss Carryforwards	629,788
Tax Year 2029 [Member]
Operating Loss Carryforwards	769,072
Tax Year 2030 [Member]
Operating Loss Carryforwards	1,314,392
Tax Year 2031 [Member]
Operating Loss Carryforwards	2,210,551
Tax Year 2032 [Member]
Operating Loss Carryforwards	761,843
Tax Year 2033 [Member]
Operating Loss Carryforwards	69,854
Tax Year 2034 [Member]
Operating Loss Carryforwards	61,769
Tax Year 2035 [Member]
Operating Loss Carryforwards	41,173
Tax Year 2036 [Member]
Operating Loss Carryforwards	$ 9,952

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Deferred Income Tax Expense (Benefit)	$ (32,239)	$ (35,413)	$ (69,709)
Percentage of Valuation Allowance Recorded from Income Taxes	100.00%
UNITED STATES
Operating Loss Carryforwards	$ 137,158,570
CANADA
Operating Loss Carryforwards	$ 6,051,499

SEGMENTED INFORMATION (Details)

SEGMENTED INFORMATION (Details) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
Mineral Rights and Properties	$ 37,973,951	$ 38,437,967
Property, Plant and Equipment	6,942,304	6,948,647
Reclamation Deposits	1,706,027	1,706,025
Other Long-Term Assets	1,553,388	0
Total Long-Term Assets	48,175,670	47,092,639
United States Texas [Member]
Mineral Rights and Properties	13,191,408	13,555,492
Property, Plant and Equipment	6,573,079	6,926,682
Reclamation Deposits	1,690,209	1,690,209
Other Long-Term Assets	0
Total Long-Term Assets	21,454,696	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	810,127	910,059
Property, Plant and Equipment	0	0
Reclamation Deposits	818	816
Other Long-Term Assets	0
Total Long-Term Assets	810,945	910,875
Canada [Member]
Mineral Rights and Properties	0	0
Property, Plant and Equipment	14,909	7,502
Reclamation Deposits	0	0
Other Long-Term Assets	0
Total Long-Term Assets	14,909	7,502
Paraguay [Member]
Mineral Rights and Properties	13,080,555	13,080,555
Property, Plant and Equipment	354,316	14,463
Reclamation Deposits	0	0
Other Long-Term Assets	1,553,388
Total Long-Term Assets	$ 14,988,259	$ 13,095,018

SEGMENTED INFORMATION (Details

SEGMENTED INFORMATION (Details 1) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Sales	$ 0	$ 3,080,000	$ 0
Costs and Expenses:
Cost of sales	0	2,326,674	0
Inventory write-down	0	0	804,060
Mineral property expenditures	4,061,159	5,706,080	9,160,648
General and administrative	9,297,746	13,230,840	9,825,796
Depreciation, amortization and accretion	875,724	1,802,443	2,392,866
Impairment loss on mineral properties	97,114	349,805	653,224
Total Cost and Expenses	14,331,743	23,415,842	22,836,594
Loss from operations	(14,331,743)	(20,335,842)	(22,836,594)
Other income (expenses)	(3,030,368)	(3,061,499)	(3,208,222)
Loss before income taxes	(17,362,111)	(23,397,341)	(26,044,816)
United States Texas [Member]
Sales	0	3,080,000	0
Costs and Expenses:
Cost of sales	0	2,326,674	0
Inventory write-down		0	804,060
Mineral property expenditures	2,733,007	4,227,720	7,362,492
General and administrative	6,447,801	9,702,423	5,726,867
Depreciation, amortization and accretion	857,966	1,776,845	2,348,846
Impairment loss on mineral properties	0	349,805	440,115
Total Cost and Expenses	10,038,774	18,383,467	16,682,380
Loss from operations	(10,038,774)	(15,303,467)	(16,682,380)
Other income (expenses)	(3,012,281)	(3,042,084)	(3,185,554)
Loss before income taxes	(13,051,055)	(18,345,551)	(19,867,934)
United States Arizona [Member]
Sales	0	0	0
Costs and Expenses:
Cost of sales	0	0	0
Inventory write-down		0	0
Mineral property expenditures	236,717	289,676	328,479
General and administrative	205,591	194,910	187,997
Depreciation, amortization and accretion	0	0	758
Impairment loss on mineral properties	0	0	5,041
Total Cost and Expenses	442,308	484,586	522,275
Loss from operations	(442,308)	(484,586)	(522,275)
Other income (expenses)	(18,965)	(19,785)	(20,588)
Loss before income taxes	(461,273)	(504,371)	(542,863)
United States Other States [Member]
Sales	0	0	0
Costs and Expenses:
Cost of sales	0	0	0
Inventory write-down		0	0
Mineral property expenditures	133,518	231,305	258,408
General and administrative	2,724	19,317	85,027
Depreciation, amortization and accretion	2,821	2,635	7,470
Impairment loss on mineral properties	97,114	0	208,068
Total Cost and Expenses	236,177	253,257	558,973
Loss from operations	(236,177)	(253,257)	(558,973)
Other income (expenses)	0	0	0
Loss before income taxes	(236,177)	(253,257)	(558,973)
Canada [Member]
Sales	0	0	0
Costs and Expenses:
Cost of sales	0	0	0
Inventory write-down		0	0
Mineral property expenditures	0	0	0
General and administrative	2,636,514	3,284,772	3,822,974
Depreciation, amortization and accretion	8,142	12,026	23,720
Impairment loss on mineral properties	0	0	0
Total Cost and Expenses	2,644,656	3,296,798	3,846,694
Loss from operations	(2,644,656)	(3,296,798)	(3,846,694)
Other income (expenses)	850	(120)	(2,148)
Loss before income taxes	(2,643,806)	(3,296,918)	(3,848,842)
Paraguay [Member]
Sales	0	0	0
Costs and Expenses:
Cost of sales	0	0	0
Inventory write-down		0	0
Mineral property expenditures	957,917	957,379	1,211,269
General and administrative	5,116	29,418	2,931
Depreciation, amortization and accretion	6,795	10,937	12,072
Impairment loss on mineral properties	0	0	0
Total Cost and Expenses	969,828	997,734	1,226,272
Loss from operations	(969,828)	(997,734)	(1,226,272)
Other income (expenses)	28	490	68
Loss before income taxes	$ (969,800)	$ (997,244)	$ (1,226,204)

SEGMENTED INFORMATION (Detail74

SEGMENTED INFORMATION (Details Textual) - USD ($)	Jul. 31, 2016	Jul. 31, 2015
Assets, Noncurrent, Total	$ 48,175,670	$ 47,092,639
Percentage of Long Term Assets	69.00%
UNITED STATES
Assets, Noncurrent, Total	$ 33,172,502

SUPPLEMENTAL CASH FLOW INFORM75

SUPPLEMENTAL CASH FLOW INFORMATION (Details Textual) - USD ($)	12 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2014
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total	1,429,650	1,108,390	635,303
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total	$ 1,372,381	$ 1,851,074	$ 1,101,932
Interest Expense, Debt	1,626,667	1,484,444	1,372,222
Stock Issued During Period, Value, New Issues	8,365,037	7,659,139	5,947,792
Accounts Payable, Current	406,476
Stock Issued During Period, Value, Issued for Services	1,372,381	1,851,074	1,101,932
Payments for Surety Bond Premium	$ 114,145	$ 112,681	$ 0
Restricted Stock [Member]
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures, Total			30,386
Stock Issued During Period, Shares, New Issues	117,998
Stock Issued During Period, Value, New Issues	$ 109,738
Stock Issued During Period, Value, Issued for Services			$ 55,000
Restricted Stock [Member] | Workman Creek Project [Member]
Stock Issued During Period, Shares, Issued for Services			30,304
Stock Issued During Period, Value, Issued for Services			$ 34,850
2016 Stock Incentive Plan [Member]
Stock Issued During Period, Shares, Issued for Services	826,782
Stock Issued During Period, Value, Issued for Services	$ 726,244
JDL Resources Inc [Member]
Asset Acquisition, Equity Interest Issued or Issuable, Number of Shares	1,333,560
Payments to Acquire Businesses, Gross	$ 50,000
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	$ 1,226,875
2015 Stock Incentive Plan [Member] | Bonus Shares [Member]
Stock Issued During Period, Shares, Issued for Services		174,437
Stock Issued During Period, Value, Issued for Services		$ 235,490
Settlement of Current Liabilities [Member]
Stock Issued During Period, Shares, New Issues	487,574
Stock Issued During Period, Value, New Issues	$ 453,444

COMMITMENTS AND CONTINGENCIES76

COMMITMENTS AND CONTINGENCIES (Details)	Jul. 31, 2016USD ($)
Fiscal 2,017	$ 215,883
Fiscal 2,018	197,689
Fiscal 2,019	86,909
Fiscal 2,020	87,520
Fiscal 2,021	58,347
Total	$ 646,348

COMMITMENTS AND CONTINGENCIES77

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 30, 2015	Jul. 31, 2016
Loss Contingencies [Line Items]
Operating Leases, Rent Expense		$ 18,489
Management Fee Payable		823,000
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