Uranium Energy (UEC) 10-Q 12 Dec 16 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Oct. 31, 2016	Dec. 06, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Oct. 31, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	URANIUM ENERGY CORP
Entity Central Index Key	1,334,933
Current Fiscal Year End Date	--07-31
Entity Filer Category	Accelerated Filer
Trading Symbol	UEC
Entity Common Stock, Shares Outstanding		117,582,059

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Oct. 31, 2016	Jul. 31, 2016
CURRENT ASSETS
Cash and cash equivalents	$ 4,327,801	$ 7,142,571
Inventories	211,662	275,316
Prepaid expenses and deposits	1,005,783	533,977
Other current assets	30,942	48,777
Total Current Assets	5,576,188	8,000,641
MINERAL RIGHTS AND PROPERTIES	37,850,918	37,973,951
PROPERTY, PLANT AND EQUIPMENT	6,875,706	6,942,304
RECLAMATION DEPOSITS	1,706,027	1,706,027
OTHER LONG-TERM ASSET	1,553,388	1,553,388
Total Assets	53,562,227	56,176,311
CURRENT LIABILITIES
Accounts payable and accrued liabilities	1,956,945	1,822,447
Total Current Liabilities	1,956,945	1,822,447
DEFERRED INCOME TAX LIABILITIES	635,009	643,825
LONG-TERM DEBT	19,493,507	19,198,178
OTHER LONG-TERM LIABILITY	315,519	315,519
ASSET RETIREMENT OBLIGATIONS	3,802,682	3,746,464
Total Liabilities	26,203,662	25,726,433
STOCKHOLDERS' EQUITY
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 117,399,087 shares issued and outstanding (July 31, 2016 - 116,670,457)	117,398	116,670
Additional paid-in capital	240,862,577	239,701,884
Accumulated deficit	(213,606,640)	(209,353,946)
Accumulated other comprehensive loss	(14,770)	(14,730)
Total Stockholders' Equity	27,358,565	30,449,878
Total Liabilities and Stockholders' Equity	53,562,227	56,176,311
COMMITMENTS AND CONTINGENCIES

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Oct. 31, 2016	Jul. 31, 2016
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	117,399,087	116,670,457
Common Stock, Shares Outstanding	117,399,087	116,670,457

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
SALES	$ 0	$ 0
COSTS AND EXPENSES
Cost of sales	0	0
Inventory write-down	60,694	0
Mineral property expenditures	890,118	1,789,020
General and administrative	2,282,238	2,275,393
Depreciation, amortization and accretion	151,352	242,899
Impairment loss on mineral properties	143,168	0
Total Operating Expenses	3,527,570	4,307,312
LOSS FROM OPERATIONS	(3,527,570)	(4,307,312)
OTHER INCOME (EXPENSES)
Interest income	4,163	4,535
Interest expenses and finance costs	(738,103)	(777,693)
Total Non-Operating Income Expense	(733,940)	(773,158)
LOSS BEFORE INCOME TAXES	(4,261,510)	(5,080,470)
DEFERRED INCOME TAX BENEFIT	8,816	8,436
NET LOSS FOR THE PERIOD	(4,252,694)	(5,072,034)
OTHER COMPREHENSIVE LOSS, NET OF INCOME TAXES	(40)	(199)
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD	$ (4,252,734)	$ (5,072,233)
NET LOSS PER SHARE, BASIC AND DILUTED	$ (0.04)	$ (0.05)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED	117,099,921	98,566,315

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
CASH PROVIDED BY (USED IN): OPERATING ACTIVITIES
Net loss for the period	$ (4,252,694)	$ (5,072,034)
Adjustments to reconcile net loss to cash flows in operating activities
Stock-based compensation	985,261	626,442
Depreciation, amortization and accretion	151,352	242,899
Amortization of long-term debt discount	295,329	335,668
Inventory write-down	60,694	0
Impairment loss on mineral properties	143,168	0
Deferred income tax benefit	(8,816)	(8,436)
Changes in operating assets and liabilities
Inventories	2,960	0
Prepaid expenses and deposits	(471,806)	(120,108)
Other current assets	17,795	1,625
Accounts payable and accrued liabilities	225,987	(720,030)
NET CASH FLOWS USED IN OPERATING ACTIVITIES	(2,850,770)	(4,713,974)
FINANCING ACTIVITIES
Shares issuance for cash, net of issuance costs	36,000	0
Due to related parties	0	(9,622)
NET CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	36,000	(9,622)
INVESTING ACTIVITIES
Purchase of property, plant and equipment	0	(15,723)
Decrease in reclamation deposits	0	(1)
NET CASH FLOWS USED IN INVESTING ACTIVITIES	0	(15,724)
NET CASH FLOWS	(2,814,770)	(4,739,320)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	7,142,571	10,092,408
CASH AND CASH EQUIVALENTS, END OF PERIOD	$ 4,327,801	$ 5,353,088

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 3 months ended Oct. 31, 2016 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]
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
Common stock Issued for exercise of stock options	36,000	$ 133	35,867	0	0
Common stock Issued for exercise of stock options (in shares)		133,125
Common stock Issued for mineral property	48,672	$ 46	48,626	0	0
Common stock Issued for mineral property (in shares)		46,800
Common stock Issued for settlement of current liabilities	91,488	$ 89	91,399	0	0
Common stock Issued for settlement of current liabilities (in shares)		88,822
Stock-based compensation Common stock issued for consulting services	$ 175,908	$ 166	175,742	0	0
Stock-based compensation Common stock issued for consulting services (in shares)	166,926	166,926
Stock-based compensation Common stock issued under Stock Incentive Plan	$ 291,770	$ 294	291,476	0	0
Stock-based compensation Common stock issued under Stock Incentive Plan (in shares)	292,957	292,957
Stock-based compensation Stock options issued to consultants	$ 78,272	$ 0	78,272	0	0
Stock-based compensation Stock options issued to management	245,019	0	245,019	0	0
Stock-based compensation Stock options issued to employees	194,292	0	194,292	0	0
Net loss for the period	(4,252,694)	0	0	(4,252,694)	0
Other comprehensive loss	(40)	0	0	0	(40)
Balance at Oct. 31, 2016	$ 27,358,565	$ 117,398	$ 240,862,577	$ (213,606,640)	$ (14,770)
Balance (in shares) at Oct. 31, 2016		117,399,087

NATURE OF OPERATIONS AND GOING

NATURE OF OPERATIONS AND GOING CONCERN	3 Months Ended
	Oct. 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 uranium sales was realized for the three months ended October 31, 2016, or for the fiscal years ended July 31, 2016 (“Fiscal 2016”) and 2014 (“Fiscal 2014”). Historically, the Company has been reliant primarily on equity financings from the sale of its common stock and, during Fiscal 2014 and Fiscal 2013, on debt financing in order to fund its operations, and this reliance is expected to continue for the foreseeable future. At October 31, 2016, the Company had a working capital of $ 3.6 4.3 T hese consolidated financial statements have been prepared on a going concern basis and do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary in the event the Company can no longer continue as a going concern.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Oct. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	NOTE 2: BASIS OF PRESENTATION The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and are presented in U.S. dollars. Accordingly, they do not include all of the information and footnotes required under U.S. GAAP for complete financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the Fiscal 2016. In the opinion of management, all adjustments of a normal recurring nature and considered necessary for a fair presentation have been made. Operating results for the three months ended October 31, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending July 31, 2017 (“Fiscal 2017”). Exploration Stage The Company has established the existence of mineralized materials for certain uranium projects, including its Palangana Mine. The Company has not established proven or probable reserves, as defined by the United States Securities and Exchange Commission (the “SEC”) under Industry Guide 7, through the completion of a “final” or “bankable” feasibility study for any of its uranium projects, including the Palangana Mine. Furthermore, the Company has no plans to establish proven or probable reserves for any of its uranium projects for which the Company plans on utilizing in-situ recovery (“ISR”) mining, such as the Palangana Mine. As a result, and despite the fact that the Company commenced extraction of mineralized materials at the Palangana Mine in November 2010, the Company remains in the Exploration Stage as defined under Industry Guide 7, and will continue to remain in the Exploration Stage until such time proven or probable reserves have been established. Since the Company commenced extraction of mineralized materials at the Palangana Mine without having established proven or probable reserves, any mineralized materials established or extracted from the Palangana Mine should not in any way be associated with having established or produced from proven or probable reserves. In accordance with U.S. GAAP, expenditures relating to the acquisition of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time the Company exits the Exploration Stage by establishing proven or probable reserves. Expenditures relating to exploration activities such as drill programs to establish mineralized materials are expensed as incurred. Expenditures relating to pre-extraction activities such as the construction of mine wellfields, ion exchange facilities and disposal wells are expensed as incurred until such time proven or probable reserves are established for that project, after which expenditures relating to mine development activities for that particular project are capitalized as incurred. Companies in the Production Stage as defined under Industry Guide 7, having established proven and probable reserves and exited the Exploration Stage, typically capitalize expenditures relating to ongoing development activities, with corresponding depletion calculated over proven and probable reserves using the units-of-production method and allocated to future reporting periods to inventory and, as that inventory is sold, to cost of goods sold. The Company is in the Exploration Stage which has resulted in the Company reporting larger losses than if it had been in the Production Stage due to the expensing, rather than capitalization, of expenditures relating to ongoing mill and mine development activities. Additionally, there would be no corresponding amortization allocated to future reporting periods of the Company since those costs would have been expensed previously, resulting in both lower inventory costs and cost of goods sold and results of operations with higher gross profits and lower losses than if the Company had been in the Production Stage. Any capitalized costs, such as expenditures relating to the acquisition of mineral rights, are depleted over the estimated extraction life using the straight-line method. As a result, the Company’s consolidated financial statements may not be directly comparable to the financial statements of companies in the Production Stage. Recently Adopted Accounting Standards In August 2014, Financial Accounting Standards Board (“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”). 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. The Company has adopted this standard effective August 1, 2016 for the fiscal year ending July 31, 2017. Adoption of this standard has not had a significant impact on these unaudited interim condensed consolidated financial statements. In March 2016, the FASB 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 has made an election to account for forfeitures when they occur for Fiscal 2017. This election has not had a significant impact on these unaudited interim condensed consolidated financial statements.

PREPAID EXPENSES AND DEPOSITS

PREPAID EXPENSES AND DEPOSITS	3 Months Ended
	Oct. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Deposits [Text Block]	NOTE 3: PREPAID EXPENSES AND DEPOSITS Prepaid expenses and deposits represent future expenditures the Company pays in advance, which usually expire with the passage of time or through use and consumption. October 31, 2016 July 31, 2016 Prepaid Property Renewal Fees $ 416,705 $ 149,066 Prepaid Insurance 106,040 101,270 Prepaid Listing and Subscriptions 50,273 60,605 Prepaid License Fees 160,972 20,283 Prepaid Surety Bond Premium 9,568 38,271 Deposits and Expense Advances 125,324 87,996 Other Prepaid Expenses 136,901 76,486 $ 1,005,783 $ 533,977

MINERAL RIGHTS AND PROPERTIES

MINERAL RIGHTS AND PROPERTIES	3 Months Ended
	Oct. 31, 2016
Mineral Industries Disclosures [Abstract]
Mineral Industries Disclosures [Text Block]	NOTE 4: MINERAL RIGHTS AND PROPERTIES Mineral Rights At October 31, 2016, the Company had mineral rights in the States of Arizona, Colorado, New Mexico and Texas and in the Republic of Paraguay. These mineral rights were acquired through staking, purchase or lease agreements and are subject to varying royalty interests, some of which are indexed to the sale price of uranium. At October 31, 2016, annual maintenance payments of approximately $ 1,528,000 October 31, 2016 July 31, 2016 Mineral Rights and Properties Palangana Mine $ 6,443,028 $ 6,443,028 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 1,520,680 1,472,008 Los Cuatros Project 257,250 257,250 Slick Rock Project 615,650 615,650 Yuty Project 11,947,144 11,947,144 Oviedo Project (1) 1,133,412 1,133,412 Other Property Acquisitions 91,080 234,248 41,633,938 41,728,434 Accumulated Depletion (3,929,884) (3,929,884) 37,704,054 37,798,550 Databases 2,410,038 2,410,038 Accumulated Amortization (2,382,449) (2,364,019) 27,589 46,019 Land Use Agreements 404,310 404,310 Accumulated Amortization (285,035) (274,928) 119,275 129,382 $ 37,850,918 $ 37,973,951 (1) Formerly Coronel Oviedo Project. 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 its Palangana Mine. Since the Company commenced uranium extraction at the Palangana Mine without having established proven or probable reserves, there may be greater inherent uncertainty as to whether or not any mineralized material can be economically extracted as originally planned and anticipated. During the three months ended October 31, 2016, the Company issued 46,800 48,672 During the three months ended October 31, 2016, the Company abandoned certain mineral interests at projects located in Arizona, Colorado and New Mexico with a combined acquisition cost of $ 143,168 143,168 During the three months ended October 31, 2016 and 2015, the Company continued with reduced operations at its Palangana Mine to capture residual uranium only. As a result, no depletion for the Palangana Mine was recorded on the Company’s consolidated financial statements for the three months ended October 31, 2016 and 2015. Three Months Ended October 31, 2016 2015 Mineral Property Expenditures Palangana Mine $ 201,372 $ 385,149 Goliad Project 30,030 20,809 Burke Hollow Project 39,641 721,544 Longhorn Project 147 3,592 Salvo Project 8,166 14,163 Anderson Project 15,234 112,133 Workman Creek Project 8,248 30,690 Slick Rock Project 12,346 48,825 Yuty Project 89,675 111,016 Oviedo Project 146,668 132,899 Other Mineral Property Expenditures 338,591 208,200 $ 890,118 $ 1,789,020

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Oct. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	PROPERTY, PLANT AND EQUIPMENT October 31, 2016 July 31, 2016 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 (2,302,007) 136,913 2,438,920 (2,256,901) 182,019 Logging Equipment and Vehicles 1,962,895 (1,816,361) 146,534 1,962,895 (1,801,811) 161,084 Computer Equipment 586,116 (562,585) 23,531 586,116 (555,972) 30,144 Furniture and Fixtures 172,348 (168,295) 4,053 172,348 (167,966) 4,382 Land 519,520 - 519,520 519,520 - 519,520 $ 12,498,887 $ (5,623,181) $ 6,875,706 $ 12,498,887 $ (5,556,583) $ 6,942,304 During the three months ended October 31, 2016 and 2015, no uranium concentrate was processed at our Hobson Processing Facility due to the reduced operations at our Palangana Mine. As a result, no depreciation for the Hobson Processing Facility was recorded on our consolidated financial statements for the three months ended October 31, 2016 and 2015.

OTHER LONG-TERM ASSET

OTHER LONG-TERM ASSET	3 Months Ended
	Oct. 31, 2016
Other Long Term Asset [Abstract]
Other Long Term Asset [Text Block]	OTHER LONG-TERM ASSET 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 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 and $250,000 to be paid upon the exercise of the Option for the acquisition of CIC. October 31, 2016 July 31, 2016 Other Long-Term Asset $ 1,553,388 $ 1,553,388 Cash Payable Upon Exercise of the Option (250,000) (250,000) Maximum Exposure to Loss $ 1,303,388 $ 1,303,388

DUE TO RELATED PARTIES AND RELA

DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS	3 Months Ended
	Oct. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 7: DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS During the three months ended October 31, 2016 and 2015, the Company incurred $ 35,115 30,124 During the three months ended October 31, 2016, the Company issued 88,822 91,488 55,924 At October 31, 2016, amounts owed to related parties were $Nil (July 31, 2016: $Nil).

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
	Oct. 31, 2016
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	NOTE 8: LONG-TERM DEBT October 31, 2016 July 31, 2016 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount (506,493) (801,822) Long-term debt, net of unamortized discount $ 19,493,507 $ 19,198,178 For the three months ended October 31, 2016 and 2015, the amortization of debt discount totaled $ 295,329 335,668 Fiscal 2017 $ - Fiscal 2018 - Fiscal 2019 10,000,000 Fiscal 2020 10,000,000 Total $ 20,000,000

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	3 Months Ended
	Oct. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation Disclosure [Text Block]	ASSET RETIREMENT OBLIGATIONS Balance, July 31, 2016 $ 3,746,464 Accretion 56,218 Balance, October 31, 2016 $ 3,802,682 October 31, 2016 July 31, 2016 Undiscounted amount of estimated cash flows $ 6,650,255 $ 6,650,255 Payable in years 4.1 to 15 4.1 to 15 Inflation rate 1.15% to 2.25% 1.15% to 2.25% Discount rate 5.02% to 8.00% 5.02% 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	3 Months Ended
	Oct. 31, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 10: CAPITAL STOCK Equity Financing The Company filed a Form S-3 shelf registration statement, which was declared effective on January 10, 2014 (the “2014 Shelf”). This registration statement provides for the public offer and sale of certain securities of the Company from time to time, at its discretion, up to an aggregate offering amount of $ 100 At October 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 Share Transactions Common Value per Share Issuance Period / Description Shares Issued Low High Value Balance, July 31, 2016 116,670,457 Mineral Property 46,800 $ 1.04 $ 1.04 $ 48,672 Consulting Services 166,926 0.90 1.06 175,908 Options Exercised (2) 133,125 0.45 0.45 59,906 Settlement of Current Liabilities 88,822 1.03 1.03 91,488 Shares Issued Under Stock Incentive Plan 292,957 0.93 1.09 291,770 Balance, October 31, 2016 117,399,087 (2) 100,000 46,875 21,094 53,125 23,906 Share Purchase Warrants Weighted Number of Warrants Expiry Date Weighted Average $ 1.20 6,594,348 March 10, 2019 2.35 1.35 2,600,000 January 30, 2020 3.25 1.95 50,000 June 3, 2018 1.59 2.35 2,850,000 June 25, 2018 1.65 $ 1.51 12,094,348 2.38 Stock Options At October 31, 2016, the Company had one stock option plan, its 2016 Stock Incentive Plan (the “201 6 18,892,856 10,467,134 7,225,722 1,200,000 Date Options Exercise Term Fair Expected Risk-Free Dividend Expected August 2, 2016 182,500 $ 0.93 5.00 $ 90,222 2.90 0.78 % 0.00 % 84.14 % August 12, 2016 190,000 1.12 5.00 106,339 2.90 0.81 % 0.00 % 78.07 % Total 372,500 $ 196,561 Number of Stock Weighted Average Weighted Average Balance, July 31, 2016 12,105,858 $ 1.34 3.36 Issued 372,500 1.03 4.77 Exercised (180,000) 0.45 - Expired (10,724) 5.13 - Balance, October 31, 2016 12,287,634 $ 1.34 3.21 At October 31, 2016, the aggregate intrinsic value under the provisions of ASC 718 of all outstanding stock options was estimated at $ 467,835 467,835 At October 31, 2016, unrecognized stock-based compensation expense related to the unvested portion of stock options granted under the Company’s Stock Incentive Plan totaled $ 566,299 0.78 Options Outstanding Options Exercisable Range of Exercise Prices Outstanding at Weighted Average Exercisable at Weighted Average $0.45 to $0.96 2,900,134 $ 0.76 1,496,634 $ 0.60 $0.97 to $2.45 8,512,500 1.34 7,922,500 1.36 $2.46 to $5.70 875,000 3.29 875,000 3.29 12,287,634 $ 1.34 10,294,134 $ 1.42 Stock-Based Compensation Three Months Ended October 31, 2016 2015 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 269,132 $ 325,595 Stock options issued to consultants 78,272 8,635 347,404 334,230 Stock-Based Compensation for Management Common stock issued to management 88,200 15,264 Stock options issued to management 245,019 180,315 333,219 195,579 Stock-Based Compensation for Employees Common stock issued to employees 110,346 - Stock options issued to employees 194,292 96,633 304,638 96,633 $ 985,261 $ 626,442

LOSS PER SHARE

LOSS PER SHARE	3 Months Ended
	Oct. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	NOTE 11: LOSS PER SHARE Three Months Ended October 31, 2016 2015 Numerator Net Loss for the Period $ (4,252,694) $ (5,072,034) Denominator Basic Weighted Average Number of Shares 117,099,921 98,566,315 Dilutive Stock Options and Warrants - - Diluted Weighted Average Number of Shares 117,099,921 98,566,315 Net Loss per Share, Basic and Diluted $ (0.04) $ (0.05) For the three months ended October 31, 2016 and 2015, all outstanding stock options and share purchase warrants were excluded from the calculation of the diluted loss per share since we reported net losses for those periods and their effects would be anti-dilutive.

SEGMENTED INFORMATION

SEGMENTED INFORMATION	3 Months Ended
	Oct. 31, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 12: SEGMENTED INFORMATION Our 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 October 31, 2016, our long-term assets located in the United States totaled $ 32,986,160 69 47,986,039 October 31, 2016 United States Balance Sheet Items Texas Arizona Other States Canada Paraguay Total Mineral Rights and Properties $ 13,131,953 $ 10,932,199 $ 706,211 $ - $ 13,080,555 $ 37,850,918 Property, Plant and Equipment 6,509,770 - - 12,915 353,021 6,875,706 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 $ 21,331,932 $ 10,947,199 $ 707,029 $ 12,915 $ 14,986,964 $ 47,986,039 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 Three Months Ended October 31, 2016 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Inventory write-down 60,694 - - - - 60,694 Mineral property expenditures 499,284 23,761 17,962 - 349,111 890,118 General and administrative 1,657,463 21,643 1,067 578,857 23,208 2,282,238 Depreciation, amortization and accretion 148,045 - 249 1,977 1,081 151,352 Impairment loss on mineral properties 31,168 8,334 103,666 - - 143,168 2,396,654 53,738 122,944 580,834 373,400 3,527,570 Loss from operations (2,396,654) (53,738) (122,944) (580,834) (373,400) (3,527,570) Other income (expenses) (729,210) (4,767) - - 37 (733,940) Loss before income taxes $ (3,125,864) $ (58,505) $ (122,944) $ (580,834) $ (373,363) $ (4,261,510) Three Months Ended October 31, 2015 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 1,287,202 153,524 104,379 - 243,915 1,789,020 General and administrative 1,549,693 32,454 955 689,378 2,913 2,275,393 Depreciation, amortization and accretion 238,987 - 750 1,246 1,916 242,899 3,075,882 185,978 106,084 690,624 248,744 4,307,312 Loss from operations (3,075,882) (185,978) (106,084) (690,624) (248,744) (4,307,312) Other income (expenses) (768,396) (4,767) - - 5 (773,158) Loss before income taxes $ (3,844,278) $ (190,745) $ (106,084) $ (690,624) $ (248,739) $ (5,080,470)

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Oct. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	NOTE 13: SUPPLEMENTAL CASH FLOW INFORMATION During the three months ended October 31, 2016 and 2015, the Company issued 166,926 274,982 175,908 305,595 During the three months ended October 31, 2016 and 2015, the Company issued 292,957 33,315 291,770 35,264 compensation to certain management, employees and consultants of the Company under our Stock Incentive Plan. During the three months ended October 31, 2016 and 2015, the Company paid $ 408,889 408,889 During the three months ended October 31, 2016, the Company issued 88,822 91,488 During the three months ended October 31, 2016, the Company issued 46,800 48,672

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Oct. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 14: 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 $ 18,261 Fiscal 2017 $ 161,171 Fiscal 2018 195,588 Fiscal 2019 84,609 Fiscal 2020 85,203 Fiscal 2021 56,802 $ 583,373 The Company is committed to pay its key executives a total of $ 820,000 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, our 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 Securities Case’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 filed a motion to dismiss. The plaintiff ultimately decided to abandon his case, which the court dismissed on or about November 17, 2016. No settlement payments or any other consideration was paid by the Company to the plaintiff in connection with the plaintiff’s abandonment of his case. 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 Nevada Derivative Case is without merit and intends to vigorously defend the same. The Company’s Board of Directors received a shareholder demand letter dated September 10, 2015 relating to the allegations in the Securities Case (the “Shareholder Demand”). The letter demands that the Board of Directors initiate an action against the Company’s Board of Directors and two of its executive officers to recover damages allegedly caused to the Company. The Board of Directors appointed a committee of independent directors to evaluate the allegations in the demand letter. Subsequently, the federal district court dismissed the Securities Case, which was based on similar factual allegations, and the Federal Derivative Case was abandoned. The committee of independent directors has now completed its evaluation, and the Board of Directors will determine the appropriate course of action based on the committee’s evaluation. At any given time, the Company may enter into negotiations to settle outstanding legal proceedings and any resulting accruals will be estimated based on the relevant facts and circumstances applicable at that time. The Company does not expect that such settlements will, individually or in the aggregate, have a material effect on its financial position, results of operation.

PREPAID EXPENSES AND DEPOSITS (

PREPAID EXPENSES AND DEPOSITS (Tables)	3 Months Ended
	Oct. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	At October 31, 2016, prepaid expenses and deposits consisted of the following: October 31, 2016 July 31, 2016 Prepaid Property Renewal Fees $ 416,705 $ 149,066 Prepaid Insurance 106,040 101,270 Prepaid Listing and Subscriptions 50,273 60,605 Prepaid License Fees 160,972 20,283 Prepaid Surety Bond Premium 9,568 38,271 Deposits and Expense Advances 125,324 87,996 Other Prepaid Expenses 136,901 76,486 $ 1,005,783 $ 533,977

MINERAL RIGHTS AND PROPERTIES (

MINERAL RIGHTS AND PROPERTIES (Tables)	3 Months Ended
	Oct. 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: October 31, 2016 July 31, 2016 Mineral Rights and Properties Palangana Mine $ 6,443,028 $ 6,443,028 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 1,520,680 1,472,008 Los Cuatros Project 257,250 257,250 Slick Rock Project 615,650 615,650 Yuty Project 11,947,144 11,947,144 Oviedo Project (1) 1,133,412 1,133,412 Other Property Acquisitions 91,080 234,248 41,633,938 41,728,434 Accumulated Depletion (3,929,884) (3,929,884) 37,704,054 37,798,550 Databases 2,410,038 2,410,038 Accumulated Amortization (2,382,449) (2,364,019) 27,589 46,019 Land Use Agreements 404,310 404,310 Accumulated Amortization (285,035) (274,928) 119,275 129,382 $ 37,850,918 $ 37,973,951 (1) Formerly Coronel Oviedo Project.
Schedule Of Mineral Property Expenditures Incurred by Major Projects [Table Text Block]	Mineral property expenditures incurred by major projects were as follows: Three Months Ended October 31, 2016 2015 Mineral Property Expenditures Palangana Mine $ 201,372 $ 385,149 Goliad Project 30,030 20,809 Burke Hollow Project 39,641 721,544 Longhorn Project 147 3,592 Salvo Project 8,166 14,163 Anderson Project 15,234 112,133 Workman Creek Project 8,248 30,690 Slick Rock Project 12,346 48,825 Yuty Project 89,675 111,016 Oviedo Project 146,668 132,899 Other Mineral Property Expenditures 338,591 208,200 $ 890,118 $ 1,789,020

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Oct. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment consisted of the following: October 31, 2016 July 31, 2016 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 (2,302,007) 136,913 2,438,920 (2,256,901) 182,019 Logging Equipment and Vehicles 1,962,895 (1,816,361) 146,534 1,962,895 (1,801,811) 161,084 Computer Equipment 586,116 (562,585) 23,531 586,116 (555,972) 30,144 Furniture and Fixtures 172,348 (168,295) 4,053 172,348 (167,966) 4,382 Land 519,520 - 519,520 519,520 - 519,520 $ 12,498,887 $ (5,623,181) $ 6,875,706 $ 12,498,887 $ (5,556,583) $ 6,942,304

OTHER LONG-TERM ASSET (Tables)

OTHER LONG-TERM ASSET (Tables)	3 Months Ended
	Oct. 31, 2016
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Assets, Noncurrent [Table Text Block]	October 31, 2016 July 31, 2016 Other Long-Term Asset $ 1,553,388 $ 1,553,388 Cash Payable Upon Exercise of the Option (250,000) (250,000) Maximum Exposure to Loss $ 1,303,388 $ 1,303,388

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
	Oct. 31, 2016
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	As at October 31, 2016, long-term debt consisted of the following: October 31, 2016 July 31, 2016 Principal amount $ 20,000,000 $ 20,000,000 Unamortized discount (506,493) (801,822) Long-term debt, net of unamortized discount $ 19,493,507 $ 19,198,178
Schedule of Maturities of Long-term Debt [Table Text Block]	The aggregate yearly maturities of long-term debt based on principal amounts outstanding at October 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)	3 Months Ended
	Oct. 31, 2016
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Change in Asset Retirement Obligation [Table Text Block]	The Company’s asset retirement obligations (“ARO”) relate to future remediation and decommissioning activities at our Palangana Mine and Hobson Processing Facility. Balance, July 31, 2016 $ 3,746,464 Accretion 56,218 Balance, October 31, 2016 $ 3,802,682
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 ARO estimates are as follows: October 31, 2016 July 31, 2016 Undiscounted amount of estimated cash flows $ 6,650,255 $ 6,650,255 Payable in years 4.1 to 15 4.1 to 15 Inflation rate 1.15% to 2.25% 1.15% to 2.25% Discount rate 5.02% to 8.00% 5.02% to 8.00%
Schedule Of Undiscounted Amounts Of Estimated Cash Flows [Table Text Block]	The undiscounted amounts of estimated cash flows for the next five fiscal years and beyond are as follows: 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)	3 Months Ended
	Oct. 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 the three months ended October 31, 2016 are as follows: Common Value per Share Issuance Period / Description Shares Issued Low High Value Balance, July 31, 2016 116,670,457 Mineral Property 46,800 $ 1.04 $ 1.04 $ 48,672 Consulting Services 166,926 0.90 1.06 175,908 Options Exercised (2) 133,125 0.45 0.45 59,906 Settlement of Current Liabilities 88,822 1.03 1.03 91,488 Shares Issued Under Stock Incentive Plan 292,957 0.93 1.09 291,770 Balance, October 31, 2016 117,399,087 (2) 100,000 46,875 21,094 53,125 23,906
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	A summary of share purchase warrants outstanding and exercisable at October 31, 2016 are as follows: Weighted Number of Warrants Expiry Date Weighted Average $ 1.20 6,594,348 March 10, 2019 2.35 1.35 2,600,000 January 30, 2020 3.25 1.95 50,000 June 3, 2018 1.59 2.35 2,850,000 June 25, 2018 1.65 $ 1.51 12,094,348 2.38
Schedule of Share based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Table Text Block]	A summary of stock options granted by the Company during the three months ended October 31, 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 2, 2016 182,500 $ 0.93 5.00 $ 90,222 2.90 0.78 % 0.00 % 84.14 % August 12, 2016 190,000 1.12 5.00 106,339 2.90 0.81 % 0.00 % 78.07 % Total 372,500 $ 196,561
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	A continuity schedule of outstanding stock options for the underlying common shares for the three months ended October 31, 2016 is as follows: Number of Stock Weighted Average Weighted Average Balance, July 31, 2016 12,105,858 $ 1.34 3.36 Issued 372,500 1.03 4.77 Exercised (180,000) 0.45 - Expired (10,724) 5.13 - Balance, October 31, 2016 12,287,634 $ 1.34 3.21
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 October 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 2,900,134 $ 0.76 1,496,634 $ 0.60 $0.97 to $2.45 8,512,500 1.34 7,922,500 1.36 $2.46 to $5.70 875,000 3.29 875,000 3.29 12,287,634 $ 1.34 10,294,134 $ 1.42
Schedule Of Stock based Compensation Expense [Table Text Block]	A summary of stock-based compensation expense is as follows: Three Months Ended October 31, 2016 2015 Stock-Based Compensation for Consultants Common stock issued for consulting services $ 269,132 $ 325,595 Stock options issued to consultants 78,272 8,635 347,404 334,230 Stock-Based Compensation for Management Common stock issued to management 88,200 15,264 Stock options issued to management 245,019 180,315 333,219 195,579 Stock-Based Compensation for Employees Common stock issued to employees 110,346 - Stock options issued to employees 194,292 96,633 304,638 96,633 $ 985,261 $ 626,442

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	3 Months Ended
	Oct. 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 calculation of the basic and diluted loss per share: Three Months Ended October 31, 2016 2015 Numerator Net Loss for the Period $ (4,252,694) $ (5,072,034) Denominator Basic Weighted Average Number of Shares 117,099,921 98,566,315 Dilutive Stock Options and Warrants - - Diluted Weighted Average Number of Shares 117,099,921 98,566,315 Net Loss per Share, Basic and Diluted $ (0.04) $ (0.05)

SEGMENTED INFORMATION (Tables)

SEGMENTED INFORMATION (Tables)	3 Months Ended
	Oct. 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 segments: October 31, 2016 United States Balance Sheet Items Texas Arizona Other States Canada Paraguay Total Mineral Rights and Properties $ 13,131,953 $ 10,932,199 $ 706,211 $ - $ 13,080,555 $ 37,850,918 Property, Plant and Equipment 6,509,770 - - 12,915 353,021 6,875,706 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 $ 21,331,932 $ 10,947,199 $ 707,029 $ 12,915 $ 14,986,964 $ 47,986,039 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
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]	The tables below provide a breakdown of the Company’s operating results by geographic segments for the three months ended October 31, 2016. All intercompany transactions have been eliminated. Three Months Ended October 31, 2016 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Inventory write-down 60,694 - - - - 60,694 Mineral property expenditures 499,284 23,761 17,962 - 349,111 890,118 General and administrative 1,657,463 21,643 1,067 578,857 23,208 2,282,238 Depreciation, amortization and accretion 148,045 - 249 1,977 1,081 151,352 Impairment loss on mineral properties 31,168 8,334 103,666 - - 143,168 2,396,654 53,738 122,944 580,834 373,400 3,527,570 Loss from operations (2,396,654) (53,738) (122,944) (580,834) (373,400) (3,527,570) Other income (expenses) (729,210) (4,767) - - 37 (733,940) Loss before income taxes $ (3,125,864) $ (58,505) $ (122,944) $ (580,834) $ (373,363) $ (4,261,510) Three Months Ended October 31, 2015 United States Statement of Operations Texas Arizona Other States Canada Paraguay Total Sales $ - $ - $ - $ - $ - $ - Costs and Expenses: Cost of sales - - - - - - Mineral property expenditures 1,287,202 153,524 104,379 - 243,915 1,789,020 General and administrative 1,549,693 32,454 955 689,378 2,913 2,275,393 Depreciation, amortization and accretion 238,987 - 750 1,246 1,916 242,899 3,075,882 185,978 106,084 690,624 248,744 4,307,312 Loss from operations (3,075,882) (185,978) (106,084) (690,624) (248,744) (4,307,312) Other income (expenses) (768,396) (4,767) - - 5 (773,158) Loss before income taxes $ (3,844,278) $ (190,745) $ (106,084) $ (690,624) $ (248,739) $ (5,080,470)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Oct. 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 fiscal years are as follows: Fiscal 2017 $ 161,171 Fiscal 2018 195,588 Fiscal 2019 84,609 Fiscal 2020 85,203 Fiscal 2021 56,802 $ 583,373

NATURE OF OPERATIONS AND GOIN31

NATURE OF OPERATIONS AND GOING CONCERN (Details Textual) - USD ($)	3 Months Ended
	Oct. 31, 2016	Jul. 31, 2016	Oct. 31, 2015	Jul. 31, 2015
Entity Incorporation, Date of Incorporation	May 16, 2003
Working Capital	$ 3,600,000
Cash and Cash Equivalents, at Carrying Value, Total	$ 4,327,801	$ 7,142,571	$ 5,353,088	$ 10,092,408

PREPAID EXPENSES AND DEPOSITS32

PREPAID EXPENSES AND DEPOSITS (Details) - USD ($)	Oct. 31, 2016	Jul. 31, 2016
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid Property Renewal Fees	$ 416,705	$ 149,066
Prepaid Insurance	106,040	101,270
Prepaid Listing and Subscriptions	50,273	60,605
Prepaid License Fees	160,972	20,283
Prepaid Surety Bond Premium	9,568	38,271
Deposits and Expense Advances	125,324	87,996
Other Prepaid Expenses	136,901	76,486
Prepaid Expense and Other Assets, Current	$ 1,005,783	$ 533,977

MINERAL RIGHTS AND PROPERTIES33

MINERAL RIGHTS AND PROPERTIES (Details) - USD ($)		Oct. 31, 2016	Jul. 31, 2016
Mineral Rights and Properties
Mineral Rights and Properties, Gross		$ 41,633,938	$ 41,728,434
Accumulated Depletion		(3,929,884)	(3,929,884)
Mineral Rights and Properties		37,850,918	37,973,951
Mineral Rights and Properties, Total		37,850,918	37,973,951
Palangana Mine [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross		6,443,028	6,443,028
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		1,520,680	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	615,650
Yuty Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross		11,947,144	11,947,144
Oviedo Project [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross	[1]	1,133,412	1,133,412
Other Property Acquisitions [Member]
Mineral Rights and Properties
Mineral Rights and Properties, Gross		91,080	234,248
Databases [Member]
Mineral Rights and Properties
Finite-Lived Intangible Assets, Gross		2,410,038	2,410,038
Accumulated Amortization		(2,382,449)	(2,364,019)
Finite-Lived Intangible Assets, Total		27,589	46,019
Land Use Agreements [Member]
Mineral Rights and Properties
Finite-Lived Intangible Assets, Gross		404,310	404,310
Accumulated Amortization		(285,035)	(274,928)
Finite-Lived Intangible Assets, Total		$ 119,275	$ 129,382
[1]	Formerly Coronel Oviedo Project.

MINERAL RIGHTS AND PROPERTIES34

MINERAL RIGHTS AND PROPERTIES (Details 1) - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Mineral property expenditures	$ 890,118	$ 1,789,020
Palangana Mine [Member]
Mineral property expenditures	201,372	385,149
Goliad Project [Member]
Mineral property expenditures	30,030	20,809
Burke Hollow Project [Member]
Mineral property expenditures	39,641	721,544
Longhorn Project [Member]
Mineral property expenditures	147	3,592
Salvo Project [Member]
Mineral property expenditures	8,166	14,163
Anderson Project [Member]
Mineral property expenditures	15,234	112,133
Workman Creek Project [Member]
Mineral property expenditures	8,248	30,690
Slick Rock Project [Member]
Mineral property expenditures	12,346	48,825
Yuty Project [Member]
Mineral property expenditures	89,675	111,016
Oviedo Project [Member]
Mineral property expenditures	146,668	132,899
Other Mineral Property [Member]
Mineral property expenditures	$ 338,591	$ 208,200

MINERAL RIGHTS AND PROPERTIES35

MINERAL RIGHTS AND PROPERTIES (Details Textual) - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Exploration Abandonment and Impairment Expense	$ 143,168	$ 0
Issued for Mineral Property	48,672
Mining Properties and Mineral Rights [Member]
Payment to Maintain Mineral Properties in Good Standing	$ 1,528,000
Workman Creek Project [Member] | Restricted Stock [Member]
Common stock Issued for mineral property (in shares)	46,800
Issued for Mineral Property	$ 48,672

PROPERTY, PLANT AND EQUIPMENT36

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Oct. 31, 2016	Jul. 31, 2016
Property, Plant and Equipment [Line Items]
Cost	$ 12,498,887	$ 12,498,887
Accumulated Depreciation	(5,623,181)	(5,556,583)
Net Book Value	6,875,706	6,942,304
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	2,438,920
Accumulated Depreciation	(2,302,007)	(2,256,901)
Net Book Value	136,913	182,019
Logging Equipment and Vehicles [Member]
Property, Plant and Equipment [Line Items]
Cost	1,962,895	1,962,895
Accumulated Depreciation	(1,816,361)	(1,801,811)
Net Book Value	146,534	161,084
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	586,116	586,116
Accumulated Depreciation	(562,585)	(555,972)
Net Book Value	23,531	30,144
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Cost	172,348	172,348
Accumulated Depreciation	(168,295)	(167,966)
Net Book Value	4,053	4,382
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	519,520	519,520
Accumulated Depreciation	0	0
Net Book Value	$ 519,520	$ 519,520

OTHER LONG-TERM ASSET (Details)

OTHER LONG-TERM ASSET (Details) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2016	Jul. 31, 2016
Other Long-term Asset
Other Long-Term Asset	$ 1,553,388	$ 1,553,388
Cash Payable Upon Exercise of the Option	(250,000)	(250,000)
Maximum Exposure to Loss	$ 1,303,388	$ 1,303,388

OTHER LONG-TERM ASSET (Details

OTHER LONG-TERM ASSET (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2016	Jul. 31, 2016	Mar. 04, 2016
Royalty Agreement, Percentage of Net Smelter Return	1.50%
Payments to Acquire Royalty Interests in Mining Properties	$ 500,000
Percentage of Royalty Interest Acquired	0.50%
Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities	$ 250,000
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	1,303,388	$ 1,303,388
Asset Acquisition, Cash payable upon exercise the Option	$ 250,000	$ 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 RE39

DUE TO RELATED PARTIES AND RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Jul. 31, 2016
Related Party Transaction [Line Items]
General and Administrative Expense, Total	$ 2,282,238	$ 2,275,393
Due to Related Parties, Current	0		$ 0
Shares issued for settlement of current liabilities	91,488
Prepaid expenses to related party	$ 55,924
Restricted Stock [Member]
Related Party Transaction [Line Items]
Shares issued for settlement of current liabilities (in shares)	88,822
Shares issued for settlement of current liabilities	$ 91,488
Director and Officer [Member]
Related Party Transaction [Line Items]
General and Administrative Expense, Total	$ 35,115	$ 30,124

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details) - USD ($)	Oct. 31, 2016	Jul. 31, 2016
Long-term Debt, by Current and Noncurrent [Abstract]
Principal amount	$ 20,000,000	$ 20,000,000
Unamortized discount	(506,493)	(801,822)
Long-term debt, net of unamortized discount	$ 19,493,507	$ 19,198,178

LONG-TERM DEBT (Details 1)

LONG-TERM DEBT (Details 1) - USD ($)	Oct. 31, 2016	Jul. 31, 2016
Fiscal 2,017	$ 0
Fiscal 2,018	0
Fiscal 2,019	10,000,000
Fiscal 2,020	10,000,000
Total	$ 20,000,000	$ 20,000,000

LONG-TERM DEBT (Details Textual

LONG-TERM DEBT (Details Textual) - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Debt Instrument [Line Items]
Amortization of Debt Discount (Premium)	$ 295,329	$ 335,668

ASSET RETIREMENT OBLIGATIONS (D

ASSET RETIREMENT OBLIGATIONS (Details)	3 Months Ended
	Oct. 31, 2016USD ($)
Asset Retirement Obligation [Abstract]
Beginning Balance	$ 3,746,464
Accretion	56,218
Ending Balance	$ 3,802,682

ASSET RETIREMENT OBLIGATIONS 44

ASSET RETIREMENT OBLIGATIONS (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2016	Jul. 31, 2016
Undiscounted Estimated Cash Flows and Assumptions Used For ARO Estimates [Line Items]
Undiscounted amount of estimated cash flows	$ 6,650,255	$ 6,650,255
Minimum [Member]
Undiscounted Estimated Cash Flows and Assumptions Used For ARO Estimates [Line Items]
Payable in years	4 years 1 month 6 days	4 years 1 month 6 days
Inflation rate	1.15%	1.15%
Discount rate	5.02%	5.02%
Maximum [Member]
Undiscounted Estimated Cash Flows and 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 45

ASSET RETIREMENT OBLIGATIONS (Details 2)	3 Months Ended
	Oct. 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

CAPITAL STOCK (Details)

CAPITAL STOCK (Details)	3 Months Ended
	Oct. 31, 2016USD ($)$ / sharesshares
Share Transactions [Line Items]
Balance Begining | shares	116,670,457
Balance Ending | shares	117,399,087
Consulting Services [Member]
Share Transactions [Line Items]
Common Shares Issued | shares	166,926
Stock Issued During Period, Value, New Issues | $	$ 175,908
Consulting Services [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.9
Consulting Services [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 1.06
Options Exercised [Member]
Share Transactions [Line Items]
Common Shares Issued | shares	133,125	[1]
Stock Issued During Period, Value, New Issues | $	$ 59,906	[1]
Options Exercised [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.45	[1]
Options Exercised [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.45	[1]
Settlement of Current Liabilities [Member]
Share Transactions [Line Items]
Common Shares Issued | shares	88,822
Stock Issued During Period, Value, New Issues | $	$ 91,488
Settlement of Current Liabilities [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 1.03
Settlement of Current Liabilities [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 1.03
Stock Incentive Plan [Member]
Share Transactions [Line Items]
Common Shares Issued | shares	292,957
Stock Issued During Period, Value, New Issues | $	$ 291,770
Stock Incentive Plan [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 0.93
Stock Incentive Plan [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 1.09
Mining Properties and Mineral Rights [Member]
Share Transactions [Line Items]
Common Shares Issued | shares	46,800
Stock Issued During Period, Value, New Issues | $	$ 48,672
Mining Properties and Mineral Rights [Member] | Minimum [Member]
Share Transactions [Line Items]
Value per Share	$ 1.04
Mining Properties and Mineral Rights [Member] | Maximum [Member]
Share Transactions [Line Items]
Value per Share	$ 1.04
[1]	100,000 options were exercised on a forfeiture basis, of which 46,875 shares with issuance value of $21,094 were given up as payment for the exercise price, and 53,125 net shares with issuance value of $23,906 were issued as a consequence of such exercise.

CAPITAL STOCK (Details 1)

CAPITAL STOCK (Details 1)	3 Months Ended
	Oct. 31, 2016$ / sharesshares
Class of Warrant or Right [Line Items]
Weighted Average Exercise Price | $ / shares	$ 1.51
Number of Warrants Outstanding | shares	12,094,348
Weighted Average Remaining Contractual Remaining Contractual Life (Years)	2 years 4 months 17 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 4 months 6 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 3 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 7 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 7 months 24 days

CAPITAL STOCK (Details 2)

CAPITAL STOCK (Details 2)	3 Months Ended
	Oct. 31, 2016USD ($)$ / sharesshares
Schedule of Share Based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Line Items]
Options Issued | shares	372,500
Fair Value | $	$ 196,561
August 2, 2016 [Member]
Schedule of Share Based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Line Items]
Options Issued | shares	182,500
Exercise Price | $ / shares	$ 0.93
Term (Years)	5 years
Fair Value | $	$ 90,222
Expected Life (Years)	2 years 10 months 24 days
Risk-Free Interest Rate	0.78%
Dividend Yield	0.00%
Expected Volatility	84.14%
August 12,2016 [Member]
Schedule of Share Based Compensation Arrangement by Share based Payment Award Options Grants in Period Activity [Line Items]
Options Issued | shares	190,000
Exercise Price | $ / shares	$ 1.12
Term (Years)	5 years
Fair Value | $	$ 106,339
Expected Life (Years)	2 years 10 months 24 days
Risk-Free Interest Rate	0.81%
Dividend Yield	0.00%
Expected Volatility	78.07%

CAPITAL STOCK (Details 3)

CAPITAL STOCK (Details 3) - $ / shares	3 Months Ended	12 Months Ended
	Oct. 31, 2016	Jul. 31, 2016
Share Based Compensation Stock Options Activity [Line Items]
Number of Stock Options, Issued	372,500
Employee Stock Option [Member]
Share Based Compensation Stock Options Activity [Line Items]
Number of Stock Options, Begining Balance	12,105,858
Number of Stock Options, Issued	372,500
Number of Stock Options, Exercised	(180,000)
Number of Stock Options, Expired	(10,724)
Number of Stock Options, Ending Balance	12,287,634	12,105,858
Weighted Average Exercise Price, Begining Balance	$ 1.34
Weighted Average Exercise Price, Issued	1.03
Weighted Average Exercise Price, Exercised	0.45
Weighted Average Exercise Price, Expired	5.13
Weighted Average Exercise Price, Ending Balance	$ 1.34	$ 1.34
Weighted Average Remaining Contractual Term	3 years 2 months 16 days	3 years 4 months 10 days
Weighted Average Remaining Contractual Term, Issued	4 years 9 months 7 days
Weighted Average Remaining Contractual Term, Exercised	0 years

CAPITAL STOCK (Details 4)

CAPITAL STOCK (Details 4)	3 Months Ended
	Oct. 31, 2016$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding, Ending balance | shares	12,287,634
Options Outstanding, Weighted Average Exercise Price, Ending balance	$ 1.34
Options Exercisable, Ending balance | shares	10,294,134
Options Exercisable, Weighted Average Exercise Price, Ending balance	$ 1.42
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	2,900,134
Options Outstanding, Weighted Average Exercise Price, Ending balance	$ 0.76
Options Exercisable, Ending balance | shares	1,496,634
Options Exercisable, Weighted Average Exercise Price, Ending balance	$ 0.6
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	8,512,500
Options Outstanding, Weighted Average Exercise Price, Ending balance	$ 1.34
Options Exercisable, Ending balance | shares	7,922,500
Options Exercisable, Weighted Average Exercise Price, Ending balance	$ 1.36
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	875,000
Options Outstanding, Weighted Average Exercise Price, Ending balance	$ 3.29
Options Exercisable, Ending balance | shares	875,000
Options Exercisable, Weighted Average Exercise Price, Ending balance	$ 3.29

CAPITAL STOCK (Details 5)

CAPITAL STOCK (Details 5) - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Stock based Compensation Expense [Line Items]
Share-based Compensation, Total	$ 985,261	$ 626,442
Stock-Based Compensation for Management [Member]
Stock based Compensation Expense [Line Items]
Common stock issued	88,200	15,264
Stock options issued	245,019	180,315
Share-based Compensation, Total	333,219	195,579
Stock-Based Compensation for Consultants [Member]
Stock based Compensation Expense [Line Items]
Common stock issued	269,132	325,595
Stock options issued	78,272	8,635
Share-based Compensation, Total	347,404	334,230
Stock-Based Compensation for Employees [Member]
Stock based Compensation Expense [Line Items]
Common stock issued	110,346	0
Stock options issued	194,292	96,633
Share-based Compensation, Total	$ 304,638	$ 96,633

CAPITAL STOCK (Details Textual)

CAPITAL STOCK (Details Textual) - USD ($)	Mar. 10, 2016	Oct. 31, 2016	Oct. 31, 2016	Jul. 31, 2016
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value		$ 467,835	$ 467,835
Common Stock, Value, Issued		117,398	$ 117,398	$ 116,670
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			372,500
Sharebased Compensation Arrangement By Share Based Payment Award Options Unvested In Period Fair Value1			$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value		467,835	467,835
Stock Issued During Period, Value, Stock Options Exercised			$ 36,000
Employee Stock Option [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			180,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			372,500
2014 Shelf Offering
Capital Stock [Line Items]
Proceeds from Issuance Initial Public Offering			$ 100,000,000
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
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		$ 566,299	$ 566,299
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition			9 months 11 days
Forfeiture basis [Member] | Employee Stock Option [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			100,000
Forfeiture basis [Member] | Issuance One [Member] | Employee Stock Option [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			46,875
Stock Issued During Period, Value, Stock Options Exercised			$ 21,094
Forfeiture basis [Member] | Issuance Two [Member] | Employee Stock Option [Member]
Capital Stock [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			53,125
Stock Issued During Period, Value, Stock Options Exercised			$ 23,906

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Numerator
Net Loss for the Period	$ (4,252,694)	$ (5,072,034)
Denominator
Basic Weighted Average Number of Shares	117,099,921	98,566,315
Dilutive Stock Options and Warrants	0	0
Diluted Weighted Average Number of Shares	117,099,921	98,566,315
Net Loss per Share, Basic and Diluted	$ (0.04)	$ (0.05)

SEGMENTED INFORMATION (Details)

SEGMENTED INFORMATION (Details) - USD ($)	Oct. 31, 2016	Jul. 31, 2016
Mineral Rights and Properties	$ 37,850,918	$ 37,973,951
Property, Plant and Equipment	6,875,706	6,942,304
Reclamation Deposits	1,706,027	1,706,027
Other Long-Term Assets	1,553,388	1,553,388
Total Long-Term Assets	47,986,039	48,175,670
United States Texas [Member]
Mineral Rights and Properties	13,131,953	13,191,408
Property, Plant and Equipment	6,509,770	6,573,079
Reclamation Deposits	1,690,209	1,690,209
Other Long-Term Assets	0	0
Total Long-Term Assets	21,331,932	21,454,696
United States Arizona [Member]
Mineral Rights and Properties	10,932,199	10,891,861
Property, Plant and Equipment	0	0
Reclamation Deposits	15,000	15,000
Other Long-Term Assets	0	0
Total Long-Term Assets	10,947,199	10,906,861
United States Other States [Member]
Mineral Rights and Properties	706,211	810,127
Property, Plant and Equipment	0	0
Reclamation Deposits	818	818
Other Long-Term Assets	0	0
Total Long-Term Assets	707,029	810,945
Canada [Member]
Mineral Rights and Properties	0	0
Property, Plant and Equipment	12,915	14,909
Reclamation Deposits	0	0
Other Long-Term Assets	0	0
Total Long-Term Assets	12,915	14,909
Paraguay [Member]
Mineral Rights and Properties	13,080,555	13,080,555
Property, Plant and Equipment	353,021	354,316
Reclamation Deposits	0	0
Other Long-Term Assets	1,553,388	1,553,388
Total Long-Term Assets	$ 14,986,964	$ 14,988,259

SEGMENTED INFORMATION (Details

SEGMENTED INFORMATION (Details 1) - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Sales	$ 0	$ 0
Costs and Expenses:
Cost of sales	0	0
Inventory write-down	60,694	0
Mineral property expenditures	890,118	1,789,020
General and administrative	2,282,238	2,275,393
Depreciation, amortization and accretion	151,352	242,899
Impairment loss on mineral properties	143,168	0
Total Cost and Expenses	3,527,570	4,307,312
Loss from operations	(3,527,570)	(4,307,312)
Other income (expenses)	(733,940)	(773,158)
Loss before income taxes	(4,261,510)	(5,080,470)
United States Texas [Member]
Sales	0	0
Costs and Expenses:
Cost of sales	0	0
Inventory write-down	60,694
Mineral property expenditures	499,284	1,287,202
General and administrative	1,657,463	1,549,693
Depreciation, amortization and accretion	148,045	238,987
Impairment loss on mineral properties	31,168
Total Cost and Expenses	2,396,654	3,075,882
Loss from operations	(2,396,654)	(3,075,882)
Other income (expenses)	(729,210)	(768,396)
Loss before income taxes	(3,125,864)	(3,844,278)
United States Arizona [Member]
Sales	0	0
Costs and Expenses:
Cost of sales	0	0
Mineral property expenditures	23,761	153,524
General and administrative	21,643	32,454
Depreciation, amortization and accretion	0	0
Impairment loss on mineral properties	8,334
Total Cost and Expenses	53,738	185,978
Loss from operations	(53,738)	(185,978)
Other income (expenses)	(4,767)	(4,767)
Loss before income taxes	(58,505)	(190,745)
United States Other States [Member]
Sales	0	0
Costs and Expenses:
Cost of sales	0	0
Inventory write-down	0
Mineral property expenditures	17,962	104,379
General and administrative	1,067	955
Depreciation, amortization and accretion	249	750
Impairment loss on mineral properties	103,666
Total Cost and Expenses	122,944	106,084
Loss from operations	(122,944)	(106,084)
Other income (expenses)	0	0
Loss before income taxes	(122,944)	(106,084)
Canada [Member]
Sales	0	0
Costs and Expenses:
Cost of sales	0	0
Inventory write-down	0
Mineral property expenditures	0	0
General and administrative	578,857	689,378
Depreciation, amortization and accretion	1,977	1,246
Impairment loss on mineral properties	0
Total Cost and Expenses	580,834	690,624
Loss from operations	(580,834)	(690,624)
Other income (expenses)	0	0
Loss before income taxes	(580,834)	(690,624)
Paraguay [Member]
Sales	0	0
Costs and Expenses:
Cost of sales	0	0
Inventory write-down	0
Mineral property expenditures	349,111	243,915
General and administrative	23,208	2,913
Depreciation, amortization and accretion	1,081	1,916
Impairment loss on mineral properties	0
Total Cost and Expenses	373,400	248,744
Loss from operations	(373,400)	(248,744)
Other income (expenses)	37	5
Loss before income taxes	$ (373,363)	$ (248,739)

SEGMENTED INFORMATION (Detail56

SEGMENTED INFORMATION (Details Textual) - USD ($)	Oct. 31, 2016	Jul. 31, 2016
Assets, Noncurrent, Total	$ 47,986,039	$ 48,175,670
Percentage of Long Term Assets	69.00%
UNITED STATES
Assets, Noncurrent, Total	$ 32,986,160

SUPPLEMENTAL CASH FLOW INFORM57

SUPPLEMENTAL CASH FLOW INFORMATION (Details Textual) - USD ($)	3 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total	166,926	274,982
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total	$ 175,908	$ 305,595
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures, Total	292,957	33,315
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures, Total	$ 291,770	$ 35,264
Interest Expense, Debt	408,889	$ 408,889
Shares issued for settlement of current liabilities	91,488
Issued for Mineral Property	$ 48,672
Restricted Stock [Member]
Shares issued for settlement of current liabilities (in shares)	88,822
Shares issued for settlement of current liabilities	$ 91,488
Restricted Stock [Member] | Workman Creek Project [Member]
Common stock Issued for mineral property (in shares)	46,800
Issued for Mineral Property	$ 48,672

COMMITMENTS AND CONTINGENCIES58

COMMITMENTS AND CONTINGENCIES (Details)	Oct. 31, 2016USD ($)
Fiscal 2,017	$ 161,171
Fiscal 2,018	195,588
Fiscal 2,019	84,609
Fiscal 2,020	85,203
Fiscal 2,021	56,802
Total	$ 583,373

COMMITMENTS AND CONTINGENCIES59

COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($)	1 Months Ended		3 Months Ended	12 Months Ended
	Nov. 30, 2016	Aug. 31, 2012	Oct. 31, 2016	Jul. 31, 2016
Loss Contingencies [Line Items]
Operating Leases, Rent Expense			$ 18,261
Management Fee Payable			$ 820,000
Cash Payment To Plaintiffs		$ 149,194
Payments for Legal Settlements				$ 500,000
Parent Company [Member] | Subsequent Event [Member]
Loss Contingencies [Line Items]
Payments for Legal Settlements	$ 50,000