Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jan. 31, 2024 | Mar. 08, 2024 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001334933 | |
Entity Registrant Name | URANIUM ENERGY CORP | |
Amendment Flag | false | |
Current Fiscal Year End Date | --07-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2024 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jan. 31, 2024 | |
Document Transition Report | false | |
Entity File Number | 001-33706 | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 98-0399476 | |
Entity Address, Address Line One | 500 North Shoreline, Ste. 800 | |
Entity Address, City or Town | Corpus Christi | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 78401 | |
City Area Code | 361 | |
Local Phone Number | 888-8235 | |
Title of 12(b) Security | Common Stock | |
Trading Symbol | UEC | |
Security Exchange Name | NYSEAMER | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 404,140,403 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jan. 31, 2024 | Jul. 31, 2023 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 82,287 | $ 45,614 |
Inventories | 63,401 | 6,207 |
Prepaid expenses and deposits | 3,173 | 2,682 |
Other current assets | 720 | 702 |
TOTAL CURRENT ASSETS | 149,581 | 55,205 |
MINERAL RIGHTS AND PROPERTIES | 563,588 | 565,560 |
PROPERTY, PLANT AND EQUIPMENT | 20,072 | 19,728 |
RESTRICTED CASH | 7,251 | 7,251 |
EQUITY-ACCOUNTED INVESTMENTS | 56,453 | 48,110 |
INVESTMENT IN EQUITY SECURITIES | 78,583 | 38,656 |
OTHER NON-CURRENT ASSETS | 3,350 | 3,079 |
TOTAL ASSETS | 878,878 | 737,589 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 5,038 | 10,525 |
Asset retirement obligations, current | 1,493 | 1,515 |
Derivative liabilities | 15,047 | 0 |
Other current liabilities | 264 | 154 |
TOTAL CURRENT LIABILITIES | 21,842 | 12,194 |
ASSET RETIREMENT OBLIGATIONS | 17,642 | 17,155 |
OTHER NON-CURRENT LIABILITIES | 1,589 | 1,020 |
DERIVATIVE LIABILITIES | 0 | 4,313 |
DEFERRED TAX LIABILITIES | 68,655 | 71,080 |
TOTAL LIABILITIES | 109,728 | 105,762 |
STOCKHOLDERS’ EQUITY | ||
Common stock $0.001 par value: 750,000,000 shares authorized, 401,058,973 shares issued and outstanding (July 31, 2023 - 378,452,864) | 401 | 378 |
Additional paid-in capital | 1,059,266 | 924,737 |
Share issuance obligation | 517 | 0 |
Accumulated deficit | (284,109) | (289,680) |
Accumulated other comprehensive loss | (6,925) | (3,608) |
TOTAL EQUITY | 769,150 | 631,827 |
TOTAL LIABILITIES AND EQUITY | $ 878,878 | $ 737,589 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jan. 31, 2024 | Jul. 31, 2023 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 750,000,000 | 750,000,000 |
Common stock, shares issued (in shares) | 401,058,973 | 378,452,864 |
Common stock, shares outstanding (in shares) | 401,058,973 | 378,452,864 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
SALES AND SERVICE REVENUE | $ 116 | $ 47,931 | $ 224 | $ 105,223 |
COST OF SALES AND SERVICES | (97) | (33,361) | (187) | (76,795) |
GROSS PROFIT | 19 | 14,570 | 37 | 28,428 |
OPERATING COSTS | ||||
Mineral property expenditures | 6,691 | 4,147 | 12,377 | 8,198 |
General and administrative | 4,895 | 4,829 | 10,095 | 10,551 |
Depreciation, amortization and accretion | 552 | 506 | 1,069 | 998 |
TOTAL OPERATING COSTS | 12,138 | 9,482 | 23,541 | 19,747 |
INCOME (LOSS) FROM OPERATIONS | (12,119) | 5,088 | (23,504) | 8,681 |
OTHER INCOME (EXPENSES) | ||||
Interest expenses and finance costs | (214) | (198) | (415) | (394) |
Income (loss) from equity-accounted investments | 192 | (116) | 1,652 | (85) |
Gain on disposition of assets | 12 | 2 | 13 | 2 |
Gain (loss) on revaluation of equity securities | 20,076 | 3,123 | 37,389 | (343) |
Gain (loss) on revaluation of derivative liabilities | (5,062) | 1,726 | (11,963) | (899) |
Other income (expenses) | 368 | 851 | 597 | (271) |
OTHER INCOME (EXPENSES) | 15,372 | 5,388 | 27,273 | (1,990) |
INCOME BEFORE INCOME TAXES | 3,253 | 10,476 | 3,769 | 6,691 |
DEFERRED TAX (LOSS) RECOVERY | (1,003) | 416 | 1,802 | 445 |
NET INCOME FOR THE PERIOD | 2,250 | 10,892 | 5,571 | 7,136 |
OTHER COMPREHENSIVE INCOME (LOSS) | ||||
Translation gain (loss) | 7,732 | 4,617 | (3,317) | (6,151) |
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) | 7,732 | 4,617 | (3,317) | (6,151) |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | $ 9,982 | $ 15,509 | $ 2,254 | $ 985 |
Net Income Per Share - Basic (in dollars per share) | $ 0.01 | $ 0.03 | $ 0.01 | $ 0.02 |
Net Income Per Share - Diluted (in dollars per share) | $ 0.01 | $ 0.03 | $ 0.01 | $ 0.02 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, | ||||
Basic Weighted Average Number of Shares (in shares) | 394,024,127 | 369,608,851 | 388,202,403 | 353,199,789 |
Diluted (in shares) | 403,179,679 | 377,825,545 | 397,357,956 | 361,416,483 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jan. 31, 2024 | Jan. 31, 2023 | |
OPERATING ACTIVITIES | ||
Net income for the period | $ 5,571 | $ 7,136 |
Adjustments to reconcile net loss to cash flows in operating activities | ||
Stock-based compensation | 2,884 | 3,273 |
Depreciation, amortization and accretion | 1,069 | 998 |
(Income) loss from equity-accounted investment | (1,652) | 85 |
Gain on disposition of assets | (13) | (2) |
(Gain) loss on revaluation of equity securities | (37,389) | 343 |
Loss on revaluation of derivative liabilities | 11,963 | 899 |
Deferred tax recovery | (1,802) | (445) |
Changes in operating assets and liabilities | ||
Inventories | (57,194) | 45,533 |
Prepaid expenses and deposits | (105) | 623 |
Other current assets | (28) | 211 |
Accounts payable and accrued liabilities | (4,743) | (5,081) |
Other liabilities | 29 | (2) |
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | (81,410) | 53,571 |
FINANCING ACTIVITIES | ||
Proceeds from share issuances, net of issuance costs | 131,162 | 54,232 |
Repayments of other loans | 0 | (66) |
Cash paid for withholding amounts on option exercise | (875) | (147) |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 130,287 | 54,019 |
INVESTING ACTIVITIES | ||
Investment in mineral rights and properties | (1,391) | (51) |
Capital contribution to equity-accounted investment | (1,645) | (588) |
Purchase of additional interest in equity-accounted investment | (5,676) | 0 |
Investment in equity securities | (5,548) | (26,328) |
Proceeds from sale of equity securities | 3,008 | 0 |
Purchase of property, plant and equipment | (937) | (287) |
Proceeds from disposition of assets | 0 | 2 |
NET CASH USED IN INVESTING ACTIVITIES | (12,189) | (107,385) |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 36,688 | 205 |
FOREIGN EXCHANGE DIFFERENCE ON CASH | (15) | (128) |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 52,865 | 39,787 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | 89,538 | 39,864 |
UEX Corporation [Member] | ||
INVESTING ACTIVITIES | ||
Cash used in acquisition | 0 | 1,984 |
Roughrider [Member] | ||
INVESTING ACTIVITIES | ||
Cash used in acquisition | $ 0 | $ (82,117) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Share Issuance Obligation [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Jul. 31, 2022 | 289,638,307 | |||||
Balance at Jul. 31, 2022 | $ 289 | $ 613,179 | $ (286,373) | $ (186) | $ 326,909 | |
Issued under ATM offerings, net of issuance costs (in shares) | 5,218,890 | |||||
Issued under ATM offerings, net of issuance costs | $ 5 | 21,709 | 21,714 | |||
Issued upon exercise of stock options (in shares) | 1,404,601 | |||||
Issued upon exercise of stock options | $ 2 | 58 | 60 | |||
Amortization of stock-based compensation | 1,426 | 1,426 | ||||
Net income for the period | 0 | 0 | (3,756) | 0 | (3,756) | |
Other comprehensive loss | $ 0 | 0 | 0 | (10,768) | (10,768) | |
Issued upon exercise of warrants (in shares) | 3,410,898 | |||||
Issued upon exercise of warrants | $ 4 | 6,136 | 6,140 | |||
Issued for acquisition of UEX and Roughrider (in shares) | 66,324,560 | |||||
Issued for acquisition of UEX and Roughrider | $ 66 | 235,306 | 235,372 | |||
Common stock issued for consulting services (in shares) | 4,179 | |||||
Common stock issued for consulting services | $ 0 | 17 | 0 | 17 | ||
Common stock issued under Stock Incentive Plan (in shares) | 73,618 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 299 | 0 | 299 | ||
Replacement options issued for acquisition of UEX | $ 0 | 4,026 | 4,026 | |||
Balance (in shares) at Oct. 31, 2022 | 366,075,053 | |||||
Balance at Oct. 31, 2022 | $ 366 | 882,156 | (290,129) | (10,954) | 581,439 | |
Balance (in shares) at Jul. 31, 2022 | 289,638,307 | |||||
Balance at Jul. 31, 2022 | $ 289 | 613,179 | (286,373) | (186) | $ 326,909 | |
Issued upon exercise of stock options (in shares) | 1,498,903 | |||||
Net income for the period | $ 7,136 | |||||
Other comprehensive loss | (6,151) | |||||
Balance (in shares) at Jan. 31, 2023 | 373,370,417 | |||||
Balance at Jan. 31, 2023 | $ 373 | 909,869 | (279,237) | (6,337) | 624,668 | |
Balance (in shares) at Oct. 31, 2022 | 366,075,053 | |||||
Balance at Oct. 31, 2022 | $ 366 | 882,156 | (290,129) | (10,954) | 581,439 | |
Issued under ATM offerings, net of issuance costs (in shares) | 7,040,363 | |||||
Issued under ATM offerings, net of issuance costs | $ 7 | 26,099 | 0 | 0 | $ 26,106 | |
Issued upon exercise of stock options (in shares) | 94,302 | 94,302 | ||||
Issued upon exercise of stock options | $ 0 | 0 | 0 | 0 | $ 0 | |
Amortization of stock-based compensation | 0 | 1,085 | 0 | 0 | 1,085 | |
Net income for the period | 0 | 0 | 10,892 | 0 | 10,892 | |
Other comprehensive loss | $ 0 | 0 | 0 | 4,617 | 4,617 | |
Issued upon exercise of warrants (in shares) | 45,000 | |||||
Issued upon exercise of warrants | $ 0 | 66 | 0 | 0 | 66 | |
Common stock issued for consulting services (in shares) | 49,228 | |||||
Common stock issued for consulting services | $ 0 | 201 | 0 | 0 | 201 | |
Common stock issued under Stock Incentive Plan (in shares) | 66,471 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 262 | 0 | 0 | 262 | |
Balance (in shares) at Jan. 31, 2023 | 373,370,417 | |||||
Balance at Jan. 31, 2023 | $ 373 | 909,869 | (279,237) | (6,337) | 624,668 | |
Balance (in shares) at Jul. 31, 2023 | 378,452,864 | |||||
Balance at Jul. 31, 2023 | $ 378 | 924,737 | $ 0 | (289,680) | (3,608) | 631,827 |
Issued under ATM offerings, net of issuance costs (in shares) | 10,770,000 | |||||
Issued under ATM offerings, net of issuance costs | $ 11 | 56,259 | 0 | 0 | 0 | 56,270 |
Issued upon exercise of stock options (in shares) | 445,861 | |||||
Issued upon exercise of stock options | $ 1 | 263 | 0 | 0 | 0 | 264 |
Amortization of stock-based compensation | 0 | 1,572 | 0 | 0 | 0 | 1,572 |
Net income for the period | 0 | 0 | 0 | 3,321 | 0 | 3,321 |
Other comprehensive loss | $ 0 | 0 | 0 | 0 | (11,049) | (11,049) |
Balance (in shares) at Oct. 31, 2023 | 389,668,725 | |||||
Balance at Oct. 31, 2023 | $ 390 | 982,831 | 0 | (286,359) | (14,657) | 682,205 |
Balance (in shares) at Jul. 31, 2023 | 378,452,864 | |||||
Balance at Jul. 31, 2023 | $ 378 | 924,737 | 0 | (289,680) | (3,608) | $ 631,827 |
Issued upon exercise of stock options (in shares) | 1,115,860 | |||||
Net income for the period | $ 5,571 | |||||
Other comprehensive loss | (3,317) | |||||
Balance (in shares) at Jan. 31, 2024 | 401,058,973 | |||||
Balance at Jan. 31, 2024 | $ 401 | 1,059,266 | 517 | (284,109) | (6,925) | 769,150 |
Balance (in shares) at Oct. 31, 2023 | 389,668,725 | |||||
Balance at Oct. 31, 2023 | $ 390 | 982,831 | 0 | (286,359) | (14,657) | 682,205 |
Issued under ATM offerings, net of issuance costs (in shares) | 10,418,029 | |||||
Issued under ATM offerings, net of issuance costs | $ 10 | 73,228 | 0 | 0 | 0 | $ 73,238 |
Issued upon exercise of stock options (in shares) | 669,999 | 669,999 | ||||
Issued upon exercise of stock options | $ 1 | (70) | 0 | 0 | 0 | $ (69) |
Amortization of stock-based compensation | 0 | 1,312 | 0 | 0 | 0 | 1,312 |
Net income for the period | 0 | 0 | 0 | 2,250 | 0 | 2,250 |
Other comprehensive loss | $ 0 | 0 | 0 | 0 | 7,732 | 7,732 |
Issued upon exercise of warrants (in shares) | 302,220 | |||||
Issued upon exercise of warrants | $ 0 | 1,965 | 517 | 0 | 0 | 2,482 |
Balance (in shares) at Jan. 31, 2024 | 401,058,973 | |||||
Balance at Jan. 31, 2024 | $ 401 | $ 1,059,266 | $ 517 | $ (284,109) | $ (6,925) | $ 769,150 |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | NOTE 1: NATURE OF OPERATIONS Uranium Energy Corp. was incorporated in the State of Nevada on May 16, 2003. As at January 31, 2024 12 12 Historically, we have been reliant primarily on equity financings from the sale of our common stock and on debt financings in order to fund our operations, and this reliance is expected to continue for the foreseeable future. Our continued operations, including the recoverability of the carrying values of our assets, are dependent ultimately on our ability to achieve and maintain profitability and positive cash flow from our operations. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Policies | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | NOTE 2: SUMMARY OF SIGNIFICANT POLICIES Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP”) for interim financial information and are presented in U.S. dollars. Accordingly, they do not 10 July 31, 2023 2023 six January 31, 2024 not may July 31, 2024 2024 Exploration Stage We have established the existence of mineralized materials for certain uranium projects, including our Palangana Mine, Christensen Ranch Mine (collectively, the “ISR Mines”), Roughrider and Christie Lake Projects. We have not 1300 1300” no Since we commenced extraction of mineralized materials at our ISR Mines without having established proven or probable reserves, any mineralized materials established or extracted from our ISR Mines should not In accordance with U.S. GAAP, expenditures relating to the acquisition of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time as we exit the Exploration Stage by establishing proven or probable reserves. Expenditures relating to exploration activities, such as drill programs to establish mineralized materials, are expensed as incurred. Expenditures relating to pre-extraction activities, such as the construction of mine wellfields, ion exchange facilities and disposal wells, are expensed as incurred until such time that proven or probable reserves are established for that project, after which expenditures relating to mine development activities for that particular project are capitalized as incurred. Companies in the Production Stage, as defined by the SEC, having established proven and probable reserves and exited the Exploration Stage, typically capitalize expenditures relating to ongoing development activities, with corresponding depletion calculated over proven and probable reserves using the units-of-production method and allocated to future reporting periods to inventory and, as that inventory is sold, to cost of goods sold. We are in the Exploration Stage which has resulted in our Company reporting larger losses than if it had been in the Production Stage due to the expensing, instead of capitalization, of expenditures relating to ongoing mine development activities. Additionally, there would be no may not Accounting Pronouncements Not In November 2023, 2023 07, 280 2023 07 10 January 31, 2025, In December 2023, 2023 09, 740 December 15, 2024. |
Note 3 - Inventories
Note 3 - Inventories | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 3: INVENTORIES As at January 31, 2024 July 31, 2023 January 31, 2024 July 31, 2023 Material and supplies $ 204 $ 228 Uranium concentrates from production 178 178 Purchased uranium inventories 63,019 5,801 $ 63,401 $ 6,207 As of January 31, 2024 five Purchase Commitments in Pounds Purchase Price Fiscal 2024 300,000 $ 12,355 Fiscal 2025 600,000 23,120 Fiscal 2026 100,000 3,620 Total 1,000,000 $ 39,095 |
Note 4 - Mineral Rights and Pro
Note 4 - Mineral Rights and Properties | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Mineral Industries Disclosures [Text Block] | NOTE 4: MINERAL RIGHTS AND PROPERTIES Mineral Rights As at January 31, 2024 January 31, 2024 As at January 31, 2024 Costs United States Canada Paraguay Total Balance, July 31, 2023 $ 172,440 $ 384,607 $ 15,014 $ 572,061 Additions 50 1,340 - 1,390 Foreign exchange difference - (3,365 ) - (3,365 ) Balance, January 31, 2024 172,490 382,582 15,014 570,086 Accumulated Amortization and Impairment United States Canada Paraguay Total Balance, July 31, 2023 (6,389 ) (112 ) - (6,501 ) Foreign exchange difference - 3 - 3 Balance, January 31, 2024 (6,389 ) (109 ) - (6,498 ) Carrying Value Balance, July 31, 2023 $ 166,051 $ 384,495 $ 15,014 $ 565,560 Balance, January 31, 2024 $ 166,101 $ 382,473 $ 15,014 $ 563,588 |
Note 5 - Property, Plant and Eq
Note 5 - Property, Plant and Equipment | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 5: PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consists of the following: January 31, 2024 July 31, 2023 Cost Accumulated Net Book Cost Accumulated Net Book Depreciation Value Depreciation Value Plant and Processing Facilities $ 19,347 $ (2,348 ) $ 16,999 $ 19,145 $ (1,998 ) $ 17,147 Mining Equipment 3,501 (2,560 ) 941 2,915 (2,478 ) 437 Logging Equipment and Vehicles 2,838 (2,111 ) 727 2,799 (1,989 ) 810 Computer Equipment 309 (288 ) 21 306 (280 ) 26 Furniture and Fixtures 244 (183 ) 61 198 (180 ) 18 Buildings 338 (95 ) 243 297 (87 ) 210 Land 1,080 - 1,080 1,080 - 1,080 $ 27,657 $ (7,585 ) $ 20,072 $ 26,740 $ (7,012 ) $ 19,728 |
Note 6 - Restricted Cash
Note 6 - Restricted Cash | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Restricted Cash [Text Block] | NOTE 6: Restricted cash includes cash and cash equivalents and money market funds as collateral for various bonds posted in favor of applicable state regulatory agencies in Arizona, Texas and Wyoming, and for estimated reclamation costs associated with our plants, processing facilities and various projects. Restricted cash will be released upon completion of reclamation of a mineral property or restructuring of a surety and collateral arrangement. Restricted cash consisted of the following: January 31, 2024 July 31, 2023 Balance, beginning of year $ 7,251 $ 7,251 Balance, end of year $ 7,251 $ 7,251 Cash, cash equivalents and restricted cash are included in the following accounts: January 31, 2024 July 31, 2023 Cash and cash equivalents $ 82,287 $ 45,614 Restricted cash 7,251 7,251 Total cash, cash equivalents and restricted cash $ 89,538 $ 52,865 Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and restricted cash. These assets include Canadian dollar and U.S. dollar denominated certificates of deposit, money market accounts and demand deposits. These instruments are maintained at financial institutions in Canada and the U.S. The maximum credit risk of these assets is the carrying amount less amount covered by the Canada Deposit Insurance Corporation, the Securities Investor Protection Corporation or the U.S. Federal Deposit Insurance Corporation, should the financial institutions with which these amounts are invested be rendered insolvent. The Company does not January 31, 2024 |
Note 7 - Equity-accounted Inves
Note 7 - Equity-accounted Investments | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | NOTE 7: EQUITY-ACCOUNTED INVESTMENTS During the six January 31, 2024 As at January 31, 2024 July 31, 2023 two one three six January 31, 2024 January 31, 2024 July 31, 2023 July 31, 2023 As at January 31, 2024 August 19, 2022 ( We incurred $12 and $43 in exploration expenditures on behalf of JCU for the three six January 31, 2024 January 31, 2024 July 31, 2023 During the six January 31, 2024 Balance, July 31, 2023 $ 48,110 Addition in URC 5,676 Capital contribution to JCU 1,645 Share of income (loss) from URC and JCU 1,221 Gain on dilution of ownership interest in URC 431 Foreign exchange difference (630 ) Balance, January 31, 2024 $ 56,453 For the three six January 31, 2024 2023 Three Months Ended January 31, 2024 Six Months Ended January 31, 2024 2023 2024 2023 Share of income (loss) $ 182 $ (506 ) $ 1,221 $ (701 ) Gain on dilution of ownership interest 10 390 431 616 Total $ 192 $ (116 ) $ 1,652 $ (85 ) Subsequent to January 31, 2024, |
Note 8 - Investments in Equity
Note 8 - Investments in Equity Securities | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 8: INVESTMENTS IN EQUITY SECURITIES During the six January 31, 2024 Balance, July 31, 2023 $ 38,656 Dispositions (3,008 ) Additions 5,548 Gain on revaluation of equity securities 37,389 Foreign exchange difference (2 ) Balance, January 31, 2024 $ 78,583 The cumulative revaluation adjustment since acquisition of the equity securities held at January 31, 2024 |
Note 9 - Asset Retirement Oblig
Note 9 - Asset Retirement Obligations | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Asset Retirement Obligation Disclosure [Text Block] | NOTE 9: ASSET RETIREMENT OBLIGATIONS Asset retirement obligations (“ARO”s) relate to future remediation and decommissioning activities for our plants, processing facilities and various projects, and are summarized as follows: Balance, July 31, 2023 $ 18,670 Accretion 487 Liabilities settled in cash (22 ) Balance, January 31, 2024 19,135 Asset retirement obligations, current 1,493 Asset retirement obligations, non-current $ 17,642 The estimated amounts and timing of cash flows and assumptions used for ARO estimates are as follows: January 31, 2024 July 31, 2023 Undiscounted amount of estimated cash flows $ 29,042 $ 29,064 Payable in years 1 to 23 1 to 23 Inflation rate 1.56% to 5.32% 1.56% to 5.32% Discount rate 3.72% to 6.35% 3.72% to 6.35% Our undiscounted amounts of estimated cash flows for the next five Fiscal 2024 $ 1,493 Fiscal 2025 1,472 Fiscal 2026 2,489 Fiscal 2027 2,509 Fiscal 2028 1,990 Remaining balance 19,089 $ 29,042 |
Note 10 - Derivative Liabilitie
Note 10 - Derivative Liabilities | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Derivatives and Fair Value [Text Block] | NOTE 10: DERIVATIVE LIABILITIES On August 19, 2022, As at January 31, 2024 2 Exercise Price in U.S. dollars 2.400 to3.3131 Exercise Price in Canadian dollars CA$3.22 to CA$4.44 Expected Risk Free Interest Rate 5.02 % Expected Volatility 47.40 % Expected Life in Years 0.6 Expected Dividend Yield 0 % The movement in derivative liabilities during the period is as follows: Balance, July 31, 2023 $ 4,313 Exercise of Replacement Warrants (1,229 ) Change in fair value during the period 11,963 Balance, January 31, 2024 $ 15,047 As at January 31, 2024, the number of Replacement Warrants outstanding was 3,372,992 |
Note 11 - Capital Stock
Note 11 - Capital Stock | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Equity [Text Block] | NOTE 11: CAPITAL STOCK Equity Financing On May 17, 2021, 3 1933, June 1, 2021, “2021 “May 2021 2021 On May 14, 2021, “2021 “2021 2021 may, 2021 On November 26, 2021, 2021 May 2021 2021 may, 2021 “November 2021 May 2021 “2021 On November 16, 2022, 3 “2022 “2022 2021 2022 On November 16, 2022, “2022 “2022 2022 may, 2022 During the three six January 31, 2024 Subsequent to January 31, 2024 Share Purchase Warrants A continuity schedule of our outstanding share purchase warrants for the three six January 31, 2024 Number of Weighted Average Warrants Exercise Price Balance, July 31, 2023 3,857,030 $ 3.31 Exercised (302,220 ) 2.53 Balance, January 31, 2024 3,554,810 $ 3.38 A summary of our share purchase warrants outstanding and exercisable as of January 31, 2024, is as follows: Number of Weighted Average Remaining Weighted Average Warrants Contractual Exercise Price Outstanding Life (Years) Expiry Date $ 3.34 3,372,992 0.60 September 7, 2024 4.13 181,818 2.18 April 5, 2026 $ 3.38 3,554,810 0.68 During the three and six months ended January 31, 2024, we received cash proceeds totaling $737 from the exercise of share purchase warrants and cash advances of $517 for warrants to be exercised in the future period. Subsequent to January 31, 2024, 994,702 warrants with an expiry date of September 7, 2024 were exercised and proceeds of $3,262 were received. |
Note 12 - Stock-based Compensat
Note 12 - Stock-based Compensation | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | NOTE 12: STOCK-BASED COMPENSATION Stock Options A continuity schedule of our outstanding stock options for the three six January 31, 2024 Number of Stock Weighted Average Options Exercise Price Balance, July 31, 2023 8,326,983 $ 1.92 Granted 17,500 5.04 Exercised (608,182 ) 1.69 Cancelled/Forfeited (191,259 ) 1.59 Expired (27,000 ) 3.69 Balance, October 31, 2023 7,518,042 1.94 Granted 10,000 7.63 Exercised (878,503 ) 1.45 Balance, January 31, 2024 6,649,539 $ 2.01 The table below sets forth the number of shares issued and cash received upon exercise of our stock options: Three Months Ended January 31, Six Months Ended January 31, 2024 2023 2024 2023 Number of Options Exercised on Cash Basis 100,425 - 289,675 138,537 Number of Options Exercised on Forfeiture Basis 778,078 197,110 1,197,010 2,389,795 Total Number of Options Exercised 878,503 197,110 1,486,685 2,528,332 Number of Shares Issued on Cash Exercise 100,425 - 289,675 138,537 Number of Shares Issued on Forfeiture Basis 569,574 94,302 826,185 1,360,366 Total Number of Shares Issued Upon Exercise of Options 669,999 94,302 1,115,860 1,498,903 Cash Received from Exercise of Stock Options $ 137 $ - $ 400 $ 206 Total Intrinsic Value of Options Exercised $ 4,561 $ 381 $ 6,591 $ 5,976 A continuity schedule of our outstanding unvested stock options as of January 31, 2024 Number of Unvested Stock Options Weighted Average Grant-Date Fair Value Balance, July 31, 2023 1,803,265 $ 2.28 Granted 17,500 3.36 Cancelled/Forfeited (12,300 ) 2.37 Vested (133,062 ) 2.18 Balance, October 31, 2023 1,675,403 2.29 Granted 10,000 5.05 Vested (429,513 ) 2.39 Balance, January 31, 2024 1,255,890 $ 2.28 For the six January 31, 2024 2 Exercise Price 4.722 to7.6363 Expected Risk Free Interest Rate 3.99% to 4.67% Expected Volatility 79.30% to 79.53% Expected Life in Years 5 Expected Dividend Yield 0.00% As at January 31, 2024 January 31, 2024 A summary of our stock options outstanding and exercisable as of January 31, 2024 Options Outstanding Options Exercisable Weighted Weighted Average Average Range of Weighted Remaining Weighted Remaining Exercise Outstanding at Average Contractual Exercisable at Average Contractual Prices January 31, 2024 Exercise Price Term (Years) January 31, 2024 Exercise Price Term (Years) $0.80 to $0.99 2,402,500 $ 0.92 5.99 2,402,500 $ 0.92 5.99 $1.00 to $1.99 1,350,000 1.11 6.34 1,350,000 1.11 6.34 $2.00 to $2.99 608,399 2.24 7.43 608,399 2.24 7.43 $3.00 to $3.99 2,258,640 3.60 8.68 1,030,562 3.72 8.40 $4.00 to $4.99 7,500 4.48 9.31 625 4.72 9.60 $5.00 to $5.99 12,500 5.16 9.66 1,563 5.16 9.66 $7.00 to $7.63 10,000 7.63 9.98 - - - 6,649,539 $ 2.01 7.12 5,393,649 $ 1.65 6.70 Restricted Stock Units A summary of our outstanding and unvested restricted stock units (“RSU”s) as of January 31, 2024 Number of Restricted Stock Grant Date Remaining Life Aggregate Grant Date Units Fair Value (Years) Intrinsic Value July 21, 2021 135,875 2.15 0.47 1,038 May 1, 2022 39,216 4.25 1.25 300 July 29, 2022 184,023 3.98 1.49 1,406 July 31, 2023 620,386 3.32 2.50 4,740 January 2, 2024 1,166 6.44 2.92 9 January 22, 2024 8,919 7.63 2.98 68 989,585 $ 3.36 1.98 $ 7,561 During the three six January 31, 2024 three six January 31, 2023 January 31, 2024 Performance Based Restricted Stock Units During the three six January 31, 2024 three six January 31, 2023 January 31, 2024 Stock-Based Compensation A summary of our stock-based compensation expense as of January 31, 2024 Three Months Ended Six Months Ended January 31, January 31, 2024 2023 2024 2023 Stock-Based Compensation for Consultants Common stock issued to consultants $ - $ 127 $ - $ 275 Amortization of stock option expenses 94 144 215 372 94 271 215 647 Stock-Based Compensation for Management Amortization of stock option expenses 160 95 368 228 Amortization of RSU and PRSU expenses 595 353 1,189 707 755 448 1,557 935 Stock-Based Compensation for Employees Common stock issued to employees - 240 - 487 Amortization of stock option expenses 445 454 1,077 1,127 Amortization of RSU expenses 18 39 35 77 463 733 1,112 1,691 $ 1,312 $ 1,452 $ 2,884 $ 3,273 |
Note 13 - Sales and Service Rev
Note 13 - Sales and Service Revenue and Cost of Sales and Services | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 13: SALES AND SERVICE REVENUE AND COST OF SALES AND SERVICES The table below provides a breakdown of our sales and service revenue and cost of sales and service revenue: Three Months Ended January 31, Six Months Ended January 31, 2024 2023 2024 2023 Sales of purchased uranium inventory $ - $ 47,836 $ - $ 105,045 Revenue from toll processing services 116 95 224 178 Total sales and service revenue $ 116 $ 47,931 $ 224 $ 105,223 Cost of purchased uranium inventory $ - $ (33,282 ) $ - $ (76,647 ) Cost of toll processing services (97 ) (79 ) (187 ) (148 ) Total cost of sales and services $ (97 ) $ (33,361 ) $ (187 ) $ (76,795 ) The table below provides a breakdown of major customers: Three Months Ended January 31, Six Months Ended January 31, 2024 2023 2024 2023 Customer A 0 % 32 % 0 % 19 % Customer B 0 % 0 % 0 % 24 % Customer C 0 % 10 % 0 % 5 % Customer D 0 % 10 % 0 % 9 % Customer E 0 % 37 % 0 % 17 % Customer F 0 % 0 % 0 % 7 % Customer G 0 % 0 % 0 % 5 % Customer H 100 % 11 % 100 % 14 % 100 % 100 % 100 % 100 % |
Note 14 - Income (Loss) Per Sha
Note 14 - Income (Loss) Per Share | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 14: INCOME (LOSS) PER SHARE The following table reconciles the weighted average number of shares used in the calculation of our basic and diluted income (loss) per share: Three Months Ended January 31, Six Months Ended January 31, Numerator 2024 2023 2024 2023 Net Income for the Period $ 2,250 $ 10,892 $ 5,571 $ 7,136 Denominator Basic Weighted Average Number of Shares 394,024,127 369,608,851 388,202,403 353,199,789 Dilutive Effect of Stock Awards and Warrants 9,155,552 8,216,694 9,155,553 8,216,694 Diluted Weighted Average Number of Shares 403,179,679 377,825,545 397,357,956 361,416,483 Net Income Per Share - Basic $ 0.01 $ 0.03 $ 0.01 $ 0.02 Net Income Per Share - Diluted $ 0.01 $ 0.03 $ 0.01 $ 0.02 |
Note 15 - Segmented Information
Note 15 - Segmented Information | 6 Months Ended |
Jan. 31, 2024 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 15: SEGMENTED INFORMATION We currently operate in one The tables below provide a breakdown of the long-term assets by geographic area: January 31, 2024 Balance Sheet Items United States Canada Paraguay Total Mineral Rights and Properties $ 166,101 $ 382,473 $ 15,014 $ 563,588 Property, Plant and Equipment 18,945 754 373 20,072 Restricted Cash 7,251 - - 7,251 Equity-Accounted Investments - 56,453 - 56,453 Investment in Equity Securities - 78,583 - 78,583 Other Non-Current Assets 3,016 334 - 3,350 Total Long-Term Assets $ 195,313 $ 518,597 $ 15,387 $ 729,297 July 31, 2023 Balance Sheet Items United States Canada Paraguay Total Mineral Rights and Properties $ 166,051 $ 384,495 $ 15,014 $ 565,560 Property, Plant and Equipment 19,221 145 362 19,728 Restricted Cash 7,251 - - 7,251 Equity-Accounted Investment - 48,110 - 48,110 Investment in Equity Securities - 38,656 - 38,656 Other Non-Current Assets 2,965 114 - 3,079 Total Long-Term Assets $ 195,488 $ 471,520 $ 15,376 $ 682,384 The table below provides a breakdown of our operating results by geographic area. All intercompany transactions have been eliminated. Three Months Ended January 31, 2024 Statement of Operations United States Canada Paraguay Total Sales and service revenue $ 116 $ - $ - $ 116 Cost of sales and services (97 ) - - (97 ) Gross profit 19 - - 19 Operating Costs: Mineral property expenditures 3,784 2,824 83 6,691 General and administrative 3,187 1,724 (16 ) 4,895 Depreciation, amortization and accretion 525 26 1 552 Total operating costs 7,496 4,574 68 12,138 Income (loss) from operations (7,477 ) (4,574 ) (68 ) (12,119 ) Other income (expenses) (198 ) 15,562 8 15,372 Income (loss) before income taxes $ (7,675 ) $ 10,988 $ (60 ) $ 3,253 Three Months Ended January 31, 2023 Statement of Operations United States Canada Paraguay Total Sales and service revenue $ 47,931 $ - $ - $ 47,931 Cost of sales and services (33,361 ) - - (33,361 ) Gross profit 14,570 - - 14,570 Operating Costs: Mineral property expenditures 2,926 777 444 4,147 General and administrative 3,617 1,198 14 4,829 Depreciation, amortization and accretion 505 (1 ) 2 506 Total operating costs 7,048 1,974 460 9,482 Income (loss) from operations 7,522 (1,974 ) (460 ) 5,088 Other income (expenses) 3,038 2,351 (1 ) 5,388 Income (loss) before income taxes $ 10,560 $ 377 $ (461 ) $ 10,476 Six Months Ended January 31, 2024 Statement of Operations United States Canada Paraguay Total Sales and service revenue $ 224 $ - $ - $ 224 Cost of sales and services (187 ) - - (187 ) Gross profit 37 - - 37 Operating Costs: Mineral property expenditures 7,514 4,441 422 12,377 General and administrative 7,150 2,900 45 10,095 Depreciation, amortization and accretion 1,032 35 2 1,069 Total operating costs 15,696 7,376 469 23,541 Income (loss) from operations (15,659 ) (7,376 ) (469 ) (23,504 ) Other income (expenses) (389 ) 27,654 8 27,273 Income (loss) before income taxes $ (16,048 ) $ 20,278 $ (461 ) $ 3,769 Six Months Ended January 31, 2023 Statement of Operations United States Canada Paraguay Total Sales and service revenue $ 105,223 $ - $ - $ 105,223 Cost of sales and services (76,795 ) - - (76,795 ) Gross profit 28,428 - - 28,428 Operating Costs: Mineral property expenditures 5,596 1,835 767 8,198 General and administrative 7,926 2,593 32 10,551 Depreciation, amortization and accretion 985 10 3 998 Total operating costs 14,507 4,438 802 19,747 Income (loss) from operations 13,921 (4,438 ) (802 ) 8,681 Other income (expenses) (957 ) (1,033 ) - (1,990 ) Income (loss) before income taxes $ 12,964 $ (5,471 ) $ (802 ) $ 6,691 |
Insider Trading Arrangements
Insider Trading Arrangements | 6 Months Ended |
Jan. 31, 2024 | |
Insider Trading Arr Line Items | |
Material Terms of Trading Arrangement [Text Block] | 5. Other Information During our fiscal quarter ended January 31, 2024, none 10b5 1 10b5 1 408 |
Rule 10b5-1 Arrangement Adopted [Flag] | false |
Non-Rule 10b5-1 Arrangement Adopted [Flag] | false |
Rule 10b5-1 Arrangement Terminated [Flag] | false |
Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jan. 31, 2024 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with United States (“U.S.”) generally accepted accounting principles (“U.S. GAAP”) for interim financial information and are presented in U.S. dollars. Accordingly, they do not 10 July 31, 2023 2023 six January 31, 2024 not may July 31, 2024 2024 |
Exploratory Drilling Costs Capitalization and Impairment, Policy [Policy Text Block] | Exploration Stage We have established the existence of mineralized materials for certain uranium projects, including our Palangana Mine, Christensen Ranch Mine (collectively, the “ISR Mines”), Roughrider and Christie Lake Projects. We have not 1300 1300” no Since we commenced extraction of mineralized materials at our ISR Mines without having established proven or probable reserves, any mineralized materials established or extracted from our ISR Mines should not In accordance with U.S. GAAP, expenditures relating to the acquisition of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time as we exit the Exploration Stage by establishing proven or probable reserves. Expenditures relating to exploration activities, such as drill programs to establish mineralized materials, are expensed as incurred. Expenditures relating to pre-extraction activities, such as the construction of mine wellfields, ion exchange facilities and disposal wells, are expensed as incurred until such time that proven or probable reserves are established for that project, after which expenditures relating to mine development activities for that particular project are capitalized as incurred. Companies in the Production Stage, as defined by the SEC, having established proven and probable reserves and exited the Exploration Stage, typically capitalize expenditures relating to ongoing development activities, with corresponding depletion calculated over proven and probable reserves using the units-of-production method and allocated to future reporting periods to inventory and, as that inventory is sold, to cost of goods sold. We are in the Exploration Stage which has resulted in our Company reporting larger losses than if it had been in the Production Stage due to the expensing, instead of capitalization, of expenditures relating to ongoing mine development activities. Additionally, there would be no may not |
New Accounting Pronouncements, Policy [Policy Text Block] | Accounting Pronouncements Not In November 2023, 2023 07, 280 2023 07 10 January 31, 2025, In December 2023, 2023 09, 740 December 15, 2024. |
Note 3 - Inventories (Tables)
Note 3 - Inventories (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | January 31, 2024 July 31, 2023 Material and supplies $ 204 $ 228 Uranium concentrates from production 178 178 Purchased uranium inventories 63,019 5,801 $ 63,401 $ 6,207 |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | Purchase Commitments in Pounds Purchase Price Fiscal 2024 300,000 $ 12,355 Fiscal 2025 600,000 23,120 Fiscal 2026 100,000 3,620 Total 1,000,000 $ 39,095 |
Note 4 - Mineral Rights and P_2
Note 4 - Mineral Rights and Properties (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Schedule Of Mineral Rights and Property Acquisition Costs [Table Text Block] | Costs United States Canada Paraguay Total Balance, July 31, 2023 $ 172,440 $ 384,607 $ 15,014 $ 572,061 Additions 50 1,340 - 1,390 Foreign exchange difference - (3,365 ) - (3,365 ) Balance, January 31, 2024 172,490 382,582 15,014 570,086 Accumulated Amortization and Impairment United States Canada Paraguay Total Balance, July 31, 2023 (6,389 ) (112 ) - (6,501 ) Foreign exchange difference - 3 - 3 Balance, January 31, 2024 (6,389 ) (109 ) - (6,498 ) Carrying Value Balance, July 31, 2023 $ 166,051 $ 384,495 $ 15,014 $ 565,560 Balance, January 31, 2024 $ 166,101 $ 382,473 $ 15,014 $ 563,588 |
Note 5 - Property, Plant and _2
Note 5 - Property, Plant and Equipment (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | January 31, 2024 July 31, 2023 Cost Accumulated Net Book Cost Accumulated Net Book Depreciation Value Depreciation Value Plant and Processing Facilities $ 19,347 $ (2,348 ) $ 16,999 $ 19,145 $ (1,998 ) $ 17,147 Mining Equipment 3,501 (2,560 ) 941 2,915 (2,478 ) 437 Logging Equipment and Vehicles 2,838 (2,111 ) 727 2,799 (1,989 ) 810 Computer Equipment 309 (288 ) 21 306 (280 ) 26 Furniture and Fixtures 244 (183 ) 61 198 (180 ) 18 Buildings 338 (95 ) 243 297 (87 ) 210 Land 1,080 - 1,080 1,080 - 1,080 $ 27,657 $ (7,585 ) $ 20,072 $ 26,740 $ (7,012 ) $ 19,728 |
Note 6 - Restricted Cash (Table
Note 6 - Restricted Cash (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Restrictions on Cash and Cash Equivalents [Table Text Block] | January 31, 2024 July 31, 2023 Balance, beginning of year $ 7,251 $ 7,251 Balance, end of year $ 7,251 $ 7,251 |
Schedule of Cash and Cash Equivalents and Restricted Cash [Table Text Block] | January 31, 2024 July 31, 2023 Cash and cash equivalents $ 82,287 $ 45,614 Restricted cash 7,251 7,251 Total cash, cash equivalents and restricted cash $ 89,538 $ 52,865 |
Note 7 - Equity-accounted Inv_2
Note 7 - Equity-accounted Investments (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Balance, July 31, 2023 $ 48,110 Addition in URC 5,676 Capital contribution to JCU 1,645 Share of income (loss) from URC and JCU 1,221 Gain on dilution of ownership interest in URC 431 Foreign exchange difference (630 ) Balance, January 31, 2024 $ 56,453 Three Months Ended January 31, 2024 Six Months Ended January 31, 2024 2023 2024 2023 Share of income (loss) $ 182 $ (506 ) $ 1,221 $ (701 ) Gain on dilution of ownership interest 10 390 431 616 Total $ 192 $ (116 ) $ 1,652 $ (85 ) |
Note 8 - Investments in Equit_2
Note 8 - Investments in Equity Securities (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block] | Balance, July 31, 2023 $ 38,656 Dispositions (3,008 ) Additions 5,548 Gain on revaluation of equity securities 37,389 Foreign exchange difference (2 ) Balance, January 31, 2024 $ 78,583 |
Note 9 - Asset Retirement Obl_2
Note 9 - Asset Retirement Obligations (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Schedule of Change in Asset Retirement Obligation [Table Text Block] | Balance, July 31, 2023 $ 18,670 Accretion 487 Liabilities settled in cash (22 ) Balance, January 31, 2024 19,135 Asset retirement obligations, current 1,493 Asset retirement obligations, non-current $ 17,642 |
Schedule Of Estimated Cash flow and Assumption Used For ARO [Table Text Block] | January 31, 2024 July 31, 2023 Undiscounted amount of estimated cash flows $ 29,042 $ 29,064 Payable in years 1 to 23 1 to 23 Inflation rate 1.56% to 5.32% 1.56% to 5.32% Discount rate 3.72% to 6.35% 3.72% to 6.35% |
Schedule Of Undiscounted Amounts Of Estimated Cash Flows [Table Text Block] | Fiscal 2024 $ 1,493 Fiscal 2025 1,472 Fiscal 2026 2,489 Fiscal 2027 2,509 Fiscal 2028 1,990 Remaining balance 19,089 $ 29,042 |
Note 10 - Derivative Liabilit_2
Note 10 - Derivative Liabilities (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | Balance, July 31, 2023 $ 4,313 Exercise of Replacement Warrants (1,229 ) Change in fair value during the period 11,963 Balance, January 31, 2024 $ 15,047 As at January 31, 2024, the number of Replacement Warrants outstanding was 3,372,992 |
Derivative Financial Instruments, Liabilities [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Exercise Price in U.S. dollars 2.400 to3.3131 Exercise Price in Canadian dollars CA$3.22 to CA$4.44 Expected Risk Free Interest Rate 5.02 % Expected Volatility 47.40 % Expected Life in Years 0.6 Expected Dividend Yield 0 % |
Note 11 - Capital Stock (Tables
Note 11 - Capital Stock (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Schedule Of Share based Compensation Warrants Activity [Table Text Block] | Number of Weighted Average Warrants Exercise Price Balance, July 31, 2023 3,857,030 $ 3.31 Exercised (302,220 ) 2.53 Balance, January 31, 2024 3,554,810 $ 3.38 A summary of our share purchase warrants outstanding and exercisable as of January 31, 2024, is as follows: Number of Weighted Average Remaining Weighted Average Warrants Contractual Exercise Price Outstanding Life (Years) Expiry Date $ 3.34 3,372,992 0.60 September 7, 2024 4.13 181,818 2.18 April 5, 2026 $ 3.38 3,554,810 0.68 During the three and six months ended January 31, 2024, we received cash proceeds totaling $737 from the exercise of share purchase warrants and cash advances of $517 for warrants to be exercised in the future period. Subsequent to January 31, 2024, 994,702 warrants with an expiry date of September 7, 2024 were exercised and proceeds of $3,262 were received. |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Number of Weighted Average Remaining Weighted Average Warrants Contractual Exercise Price Outstanding Life (Years) Expiry Date $ 3.34 3,372,992 0.60 September 7, 2024 4.13 181,818 2.18 April 5, 2026 $ 3.38 3,554,810 0.68 |
Note 12 - Stock-based Compens_2
Note 12 - Stock-based Compensation (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Number of Stock Weighted Average Options Exercise Price Balance, July 31, 2023 8,326,983 $ 1.92 Granted 17,500 5.04 Exercised (608,182 ) 1.69 Cancelled/Forfeited (191,259 ) 1.59 Expired (27,000 ) 3.69 Balance, October 31, 2023 7,518,042 1.94 Granted 10,000 7.63 Exercised (878,503 ) 1.45 Balance, January 31, 2024 6,649,539 $ 2.01 |
Cash Proceeds Received and Tax Benefit from Share-Based Payment Awards [Table Text Block] | Three Months Ended January 31, Six Months Ended January 31, 2024 2023 2024 2023 Number of Options Exercised on Cash Basis 100,425 - 289,675 138,537 Number of Options Exercised on Forfeiture Basis 778,078 197,110 1,197,010 2,389,795 Total Number of Options Exercised 878,503 197,110 1,486,685 2,528,332 Number of Shares Issued on Cash Exercise 100,425 - 289,675 138,537 Number of Shares Issued on Forfeiture Basis 569,574 94,302 826,185 1,360,366 Total Number of Shares Issued Upon Exercise of Options 669,999 94,302 1,115,860 1,498,903 Cash Received from Exercise of Stock Options $ 137 $ - $ 400 $ 206 Total Intrinsic Value of Options Exercised $ 4,561 $ 381 $ 6,591 $ 5,976 |
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award [Table Text Block] | Number of Unvested Stock Options Weighted Average Grant-Date Fair Value Balance, July 31, 2023 1,803,265 $ 2.28 Granted 17,500 3.36 Cancelled/Forfeited (12,300 ) 2.37 Vested (133,062 ) 2.18 Balance, October 31, 2023 1,675,403 2.29 Granted 10,000 5.05 Vested (429,513 ) 2.39 Balance, January 31, 2024 1,255,890 $ 2.28 |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Exercise Price 4.722 to7.6363 Expected Risk Free Interest Rate 3.99% to 4.67% Expected Volatility 79.30% to 79.53% Expected Life in Years 5 Expected Dividend Yield 0.00% |
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Weighted Weighted Average Average Range of Weighted Remaining Weighted Remaining Exercise Outstanding at Average Contractual Exercisable at Average Contractual Prices January 31, 2024 Exercise Price Term (Years) January 31, 2024 Exercise Price Term (Years) $0.80 to $0.99 2,402,500 $ 0.92 5.99 2,402,500 $ 0.92 5.99 $1.00 to $1.99 1,350,000 1.11 6.34 1,350,000 1.11 6.34 $2.00 to $2.99 608,399 2.24 7.43 608,399 2.24 7.43 $3.00 to $3.99 2,258,640 3.60 8.68 1,030,562 3.72 8.40 $4.00 to $4.99 7,500 4.48 9.31 625 4.72 9.60 $5.00 to $5.99 12,500 5.16 9.66 1,563 5.16 9.66 $7.00 to $7.63 10,000 7.63 9.98 - - - 6,649,539 $ 2.01 7.12 5,393,649 $ 1.65 6.70 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number of Restricted Stock Grant Date Remaining Life Aggregate Grant Date Units Fair Value (Years) Intrinsic Value July 21, 2021 135,875 2.15 0.47 1,038 May 1, 2022 39,216 4.25 1.25 300 July 29, 2022 184,023 3.98 1.49 1,406 July 31, 2023 620,386 3.32 2.50 4,740 January 2, 2024 1,166 6.44 2.92 9 January 22, 2024 8,919 7.63 2.98 68 989,585 $ 3.36 1.98 $ 7,561 |
Share-Based Payment Arrangement, Cost by Plan [Table Text Block] | Three Months Ended Six Months Ended January 31, January 31, 2024 2023 2024 2023 Stock-Based Compensation for Consultants Common stock issued to consultants $ - $ 127 $ - $ 275 Amortization of stock option expenses 94 144 215 372 94 271 215 647 Stock-Based Compensation for Management Amortization of stock option expenses 160 95 368 228 Amortization of RSU and PRSU expenses 595 353 1,189 707 755 448 1,557 935 Stock-Based Compensation for Employees Common stock issued to employees - 240 - 487 Amortization of stock option expenses 445 454 1,077 1,127 Amortization of RSU expenses 18 39 35 77 463 733 1,112 1,691 $ 1,312 $ 1,452 $ 2,884 $ 3,273 |
Note 13 - Sales and Service R_2
Note 13 - Sales and Service Revenue and Cost of Sales and Services (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Schedule of Revenue and Cost of Revenue [Table Text Block] | Three Months Ended January 31, Six Months Ended January 31, 2024 2023 2024 2023 Sales of purchased uranium inventory $ - $ 47,836 $ - $ 105,045 Revenue from toll processing services 116 95 224 178 Total sales and service revenue $ 116 $ 47,931 $ 224 $ 105,223 Cost of purchased uranium inventory $ - $ (33,282 ) $ - $ (76,647 ) Cost of toll processing services (97 ) (79 ) (187 ) (148 ) Total cost of sales and services $ (97 ) $ (33,361 ) $ (187 ) $ (76,795 ) |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Three Months Ended January 31, Six Months Ended January 31, 2024 2023 2024 2023 Customer A 0 % 32 % 0 % 19 % Customer B 0 % 0 % 0 % 24 % Customer C 0 % 10 % 0 % 5 % Customer D 0 % 10 % 0 % 9 % Customer E 0 % 37 % 0 % 17 % Customer F 0 % 0 % 0 % 7 % Customer G 0 % 0 % 0 % 5 % Customer H 100 % 11 % 100 % 14 % 100 % 100 % 100 % 100 % |
Note 14 - Income (Loss) Per S_2
Note 14 - Income (Loss) Per Share (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended January 31, Six Months Ended January 31, Numerator 2024 2023 2024 2023 Net Income for the Period $ 2,250 $ 10,892 $ 5,571 $ 7,136 Denominator Basic Weighted Average Number of Shares 394,024,127 369,608,851 388,202,403 353,199,789 Dilutive Effect of Stock Awards and Warrants 9,155,552 8,216,694 9,155,553 8,216,694 Diluted Weighted Average Number of Shares 403,179,679 377,825,545 397,357,956 361,416,483 Net Income Per Share - Basic $ 0.01 $ 0.03 $ 0.01 $ 0.02 Net Income Per Share - Diluted $ 0.01 $ 0.03 $ 0.01 $ 0.02 |
Note 15 - Segmented Informati_2
Note 15 - Segmented Information (Tables) | 6 Months Ended |
Jan. 31, 2024 | |
Notes Tables | |
Long-Lived Assets by Geographic Areas [Table Text Block] | January 31, 2024 Balance Sheet Items United States Canada Paraguay Total Mineral Rights and Properties $ 166,101 $ 382,473 $ 15,014 $ 563,588 Property, Plant and Equipment 18,945 754 373 20,072 Restricted Cash 7,251 - - 7,251 Equity-Accounted Investments - 56,453 - 56,453 Investment in Equity Securities - 78,583 - 78,583 Other Non-Current Assets 3,016 334 - 3,350 Total Long-Term Assets $ 195,313 $ 518,597 $ 15,387 $ 729,297 July 31, 2023 Balance Sheet Items United States Canada Paraguay Total Mineral Rights and Properties $ 166,051 $ 384,495 $ 15,014 $ 565,560 Property, Plant and Equipment 19,221 145 362 19,728 Restricted Cash 7,251 - - 7,251 Equity-Accounted Investment - 48,110 - 48,110 Investment in Equity Securities - 38,656 - 38,656 Other Non-Current Assets 2,965 114 - 3,079 Total Long-Term Assets $ 195,488 $ 471,520 $ 15,376 $ 682,384 |
Operating Results by Geographic Areas [Table Text Block] | Three Months Ended January 31, 2024 Statement of Operations United States Canada Paraguay Total Sales and service revenue $ 116 $ - $ - $ 116 Cost of sales and services (97 ) - - (97 ) Gross profit 19 - - 19 Operating Costs: Mineral property expenditures 3,784 2,824 83 6,691 General and administrative 3,187 1,724 (16 ) 4,895 Depreciation, amortization and accretion 525 26 1 552 Total operating costs 7,496 4,574 68 12,138 Income (loss) from operations (7,477 ) (4,574 ) (68 ) (12,119 ) Other income (expenses) (198 ) 15,562 8 15,372 Income (loss) before income taxes $ (7,675 ) $ 10,988 $ (60 ) $ 3,253 Three Months Ended January 31, 2023 Statement of Operations United States Canada Paraguay Total Sales and service revenue $ 47,931 $ - $ - $ 47,931 Cost of sales and services (33,361 ) - - (33,361 ) Gross profit 14,570 - - 14,570 Operating Costs: Mineral property expenditures 2,926 777 444 4,147 General and administrative 3,617 1,198 14 4,829 Depreciation, amortization and accretion 505 (1 ) 2 506 Total operating costs 7,048 1,974 460 9,482 Income (loss) from operations 7,522 (1,974 ) (460 ) 5,088 Other income (expenses) 3,038 2,351 (1 ) 5,388 Income (loss) before income taxes $ 10,560 $ 377 $ (461 ) $ 10,476 Six Months Ended January 31, 2024 Statement of Operations United States Canada Paraguay Total Sales and service revenue $ 224 $ - $ - $ 224 Cost of sales and services (187 ) - - (187 ) Gross profit 37 - - 37 Operating Costs: Mineral property expenditures 7,514 4,441 422 12,377 General and administrative 7,150 2,900 45 10,095 Depreciation, amortization and accretion 1,032 35 2 1,069 Total operating costs 15,696 7,376 469 23,541 Income (loss) from operations (15,659 ) (7,376 ) (469 ) (23,504 ) Other income (expenses) (389 ) 27,654 8 27,273 Income (loss) before income taxes $ (16,048 ) $ 20,278 $ (461 ) $ 3,769 Six Months Ended January 31, 2023 Statement of Operations United States Canada Paraguay Total Sales and service revenue $ 105,223 $ - $ - $ 105,223 Cost of sales and services (76,795 ) - - (76,795 ) Gross profit 28,428 - - 28,428 Operating Costs: Mineral property expenditures 5,596 1,835 767 8,198 General and administrative 7,926 2,593 32 10,551 Depreciation, amortization and accretion 985 10 3 998 Total operating costs 14,507 4,438 802 19,747 Income (loss) from operations 13,921 (4,438 ) (802 ) 8,681 Other income (expenses) (957 ) (1,033 ) - (1,990 ) Income (loss) before income taxes $ 12,964 $ (5,471 ) $ (802 ) $ 6,691 |
Note 1 - Nature of Operations (
Note 1 - Nature of Operations (Details Textual) - USD ($) $ in Thousands | Jan. 31, 2024 | Jul. 31, 2023 |
Working Capital | $ 127,739 | |
Cash and Cash Equivalents, at Carrying Value | 82,287 | $ 45,614 |
Inventory, Net | 63,401 | $ 6,207 |
Uranium Inventory [Member] | ||
Inventory, Net | $ 63,019 |
Note 3 - Inventories (Details T
Note 3 - Inventories (Details Textual) - lb | Jan. 31, 2024 | Jul. 31, 2023 |
Inventory, Balance , Mass (Pound) | 1,166,000 | 171,000 |
Note 3 - Inventories - Costs of
Note 3 - Inventories - Costs of Inventories (Details) - USD ($) $ in Thousands | Jan. 31, 2024 | Jul. 31, 2023 |
Material and supplies | $ 204 | $ 228 |
Inventory, Net | 63,401 | 6,207 |
Uranium Inventory [Member] | ||
Uranium concentrates from production | 178 | 178 |
Purchased uranium inventories | $ 63,019 | $ 5,801 |
Note 3 - Inventories - Uranium
Note 3 - Inventories - Uranium Inventory Purchase Commitments (Details) - Uranium Inventory [Member] $ in Thousands | Jan. 31, 2024 USD ($) lb |
Fiscal 2024 (Pound) | lb | 300,000 |
Fiscal 2024 | $ | $ 12,355 |
Fiscal 2025 (Pound) | lb | 600,000 |
Fiscal 2025 | $ | $ 23,120 |
Fiscal 2026 (Pound) | lb | 100,000 |
Fiscal 2026 | $ | $ 3,620 |
Total, mass (Pound) | lb | 1,000,000 |
Total | $ | $ 39,095 |
Note 4 - Mineral Rights and P_3
Note 4 - Mineral Rights and Properties (Details Textual) $ in Thousands | Jan. 31, 2024 USD ($) |
Annual Property Maintenance Fees | $ 4,106 |
Note 4 - Mineral Rights and P_4
Note 4 - Mineral Rights and Properties - Mineral Rights and Property Acquisition Costs (Details) $ in Thousands | 6 Months Ended |
Jan. 31, 2024 USD ($) | |
Balance | $ 572,061 |
Additions | 1,390 |
Foreign exchange difference | (3,365) |
Balance | 570,086 |
Balance | (6,501) |
Foreign exchange difference | 3 |
Balance | (6,498) |
Balance | 565,560 |
Balance | 563,588 |
UNITED STATES | |
Balance | 172,440 |
Additions | 50 |
Foreign exchange difference | 0 |
Balance | 172,490 |
Balance | (6,389) |
Foreign exchange difference | 0 |
Balance | (6,389) |
Balance | 166,051 |
Balance | 166,101 |
CANADA | |
Balance | 384,607 |
Additions | 1,340 |
Foreign exchange difference | (3,365) |
Balance | 382,582 |
Balance | (112) |
Foreign exchange difference | 3 |
Balance | (109) |
Balance | 384,495 |
Balance | 382,473 |
PARAGUAY | |
Balance | 15,014 |
Additions | 0 |
Foreign exchange difference | 0 |
Balance | 15,014 |
Balance | 0 |
Foreign exchange difference | 0 |
Balance | 0 |
Balance | 15,014 |
Balance | $ 15,014 |
Note 5 - Property, Plant and _3
Note 5 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Jan. 31, 2024 | Jul. 31, 2023 |
Cost | $ 27,657 | $ 26,740 |
Accumulated Depreciation | (7,585) | (7,012) |
Net Book Value | 20,072 | 19,728 |
Plant and Processing Facilities [Member] | ||
Cost | 19,347 | 19,145 |
Accumulated Depreciation | (2,348) | (1,998) |
Net Book Value | 16,999 | 17,147 |
Mining Equipment [Member] | ||
Cost | 3,501 | 2,915 |
Accumulated Depreciation | (2,560) | (2,478) |
Net Book Value | 941 | 437 |
Logging Equipment and Vehicles [Member] | ||
Cost | 2,838 | 2,799 |
Accumulated Depreciation | (2,111) | (1,989) |
Net Book Value | 727 | 810 |
Computer Equipment [Member] | ||
Cost | 309 | 306 |
Accumulated Depreciation | (288) | (280) |
Net Book Value | 21 | 26 |
Furniture and Fixtures [Member] | ||
Cost | 244 | 198 |
Accumulated Depreciation | (183) | (180) |
Net Book Value | 61 | 18 |
Buildings [Member] | ||
Cost | 338 | 297 |
Accumulated Depreciation | (95) | (87) |
Net Book Value | 243 | 210 |
Land [Member] | ||
Cost | 1,080 | 1,080 |
Accumulated Depreciation | 0 | 0 |
Net Book Value | $ 1,080 | $ 1,080 |
Note 6 - Restricted Cash - Rest
Note 6 - Restricted Cash - Restricted Cash (Details) - USD ($) $ in Thousands | Jan. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 |
Balance, beginning of year | $ 7,251 | $ 7,251 | $ 7,251 |
Note 6 - Restricted Cash - Cash
Note 6 - Restricted Cash - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Jan. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 |
Cash and cash equivalents | $ 82,287 | $ 45,614 | |
Restricted cash | 7,251 | 7,251 | $ 7,251 |
Total cash, cash equivalents and restricted cash | $ 89,538 | $ 52,865 |
Note 7 - Equity-accounted Inv_3
Note 7 - Equity-accounted Investments (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Feb. 01, 2024 | Jan. 31, 2024 | Jan. 31, 2024 | Jan. 31, 2023 | Jul. 31, 2023 | |
Payments to Acquire Equity Method Investments | $ 5,676 | $ 0 | |||
Equity Method Investments | $ 56,453 | $ 56,453 | $ 48,110 | ||
Uranium Royalty Corp [Member] | |||||
Equity Method Investment, Additional Shares Acquired (in shares) | 1,930,750 | ||||
Equity Method Investment, Additional Shares Acquired, Price Per Share (in dollars per share) | $ 2.94 | ||||
Payments to Acquire Equity Method Investments | $ 5,676 | ||||
Equity Method Investment, Shares Owned (in shares) | 16,930,750 | 16,930,750 | |||
Equity Method Investment, Ownership Percentage | 15% | 15% | 14.90% | ||
Ownership Interest Percentage, Contingent, Outstanding Options and Warrants Fully Exercised | 13% | 13% | |||
Equity Method Investments, Fair Value Disclosure | $ 57,200 | $ 57,200 | $ 34,200 | ||
Equity Method Investments | $ 32,300 | $ 32,300 | 24,600 | ||
Uranium Royalty Corp [Member] | Subsequent Event [Member] | |||||
Equity Method Investment, Additional Shares Acquired (in shares) | 1,047,614 | ||||
Equity Method Investment, Additional Shares Acquired, Price Per Share (in dollars per share) | $ 3.4 | ||||
Payments to Acquire Equity Method Investments | $ 3,600 | ||||
JCU (Canada) Exploration Company Limited [Member] | |||||
Equity Method Investment, Ownership Percentage | 50% | 50% | |||
Equity Method Investment, Recoverable Exploration Expenditures | $ 12 | $ 43 | |||
Equity Method Investment, Amount Owed from Acquisition Company | $ 8 | $ 8 | $ 201 |
Note 7 - Equity-accounted Inv_4
Note 7 - Equity-accounted Investments - Equity-accounted Investments (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Balance | $ 48,110 | |||
Addition in URC | 5,676 | $ 0 | ||
Balance | $ 56,453 | 56,453 | ||
Total | 192 | $ (116) | 1,652 | (85) |
Uranium Royalty Corp and JCU (Canada) Exploration Company Limited [Member] | ||||
Balance | 48,110 | |||
Share of income (loss) from URC and JCU | 182 | (506) | 1,221 | (701) |
Gain on dilution of ownership interest in URC | 10 | 390 | 431 | 616 |
Foreign exchange difference | (630) | |||
Balance | 56,453 | 56,453 | ||
Total | 192 | $ (116) | 1,652 | $ (85) |
Uranium Royalty Corp [Member] | ||||
Balance | 24,600 | |||
Addition in URC | 5,676 | |||
Gain on dilution of ownership interest in URC | 431 | |||
Balance | $ 32,300 | 32,300 | ||
JCU (Canada) Exploration Company Limited [Member] | ||||
Capital contribution to JCU | $ 1,645 |
Note 8 - Investments in Equit_3
Note 8 - Investments in Equity Securities (Details Textual) $ in Thousands | 6 Months Ended |
Jan. 31, 2024 USD ($) | |
Equity Securities, FV-NI, Unrealized Gain | $ 22,359 |
Note 8 - Investments in Equit_4
Note 8 - Investments in Equity Securities - Changes in Investments in Equity Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Balance | $ 38,656 | |||
Dispositions | (3,008) | $ 0 | ||
Additions to equity securities | 5,548 | 26,328 | ||
Gain on revaluation of equity securities | $ 20,076 | $ 3,123 | 37,389 | $ (343) |
Foreign exchange difference | (2) | |||
Balance | $ 78,583 | $ 78,583 |
Note 9 - Asset Retirement Obl_3
Note 9 - Asset Retirement Obligations - Change in Asset Retirement Obligation (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jan. 31, 2024 | Jul. 31, 2023 | |
Balance | $ 18,670 | |
Accretion | 487 | |
Liabilities settled in cash | (22) | |
Balance | 19,135 | |
Asset retirement obligations, current | 1,493 | $ 1,515 |
Asset retirement obligations, non-current | $ 17,642 | $ 17,155 |
Note 9 - Asset Retirement Obl_4
Note 9 - Asset Retirement Obligations - Estimated Amounts and Timing of Cash Flows and Assumptions Used for ARO Estimates (Details) $ in Thousands | Jan. 31, 2024 USD ($) | Jul. 31, 2023 USD ($) |
Undiscounted amount of estimated cash flows | $ 29,042 | $ 29,064 |
Measurement Input, Expected Term [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input | 1 | 1 |
Measurement Input, Expected Term [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input | 23 | 23 |
Measurement Input, Inflation Rate [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input | 0.0156 | 0.0156 |
Measurement Input, Inflation Rate [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input | 0.0532 | 0.0532 |
Measurement Input, Discount Rate [Member] | Minimum [Member] | ||
Asset retirement obligations, measurement input | 0.0372 | 0.0372 |
Measurement Input, Discount Rate [Member] | Maximum [Member] | ||
Asset retirement obligations, measurement input | 0.0635 | 0.0635 |
Note 9 - Asset Retirement Obl_5
Note 9 - Asset Retirement Obligations - Undiscounted Amounts of Estimated Cash Flows for the Next Five Fiscal Years and Beyond (Details) $ in Thousands | Jan. 31, 2024 USD ($) |
Fiscal 2024 | $ 1,493 |
Fiscal 2025 | 1,472 |
Fiscal 2026 | 2,489 |
Fiscal 2027 | 2,509 |
Fiscal 2028 | 1,990 |
Remaining balance | 19,089 |
Undiscounted Amount of Estimated Cash Flows | $ 29,042 |
Note 10 - Derivative Liabilit_3
Note 10 - Derivative Liabilities (Details Textual) - shares | Jan. 31, 2024 | Jul. 31, 2023 |
Class of Warrant or Right, Outstanding (in shares) | 3,554,810 | 3,857,030 |
Replacement Warrants [Member] | ||
Class of Warrant or Right, Outstanding (in shares) | 3,372,992 |
Note 10 - Derivative Liabilit_4
Note 10 - Derivative Liabilities - Assumptions (Details) | Jan. 31, 2024 $ / shares | Jul. 31, 2023 $ / shares |
Exercise Price in U.S. dollars (in dollars per share) | $ 3.38 | $ 3.31 |
Replacement Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||
Derivative, measurement input | 0.0502 | |
Replacement Warrants [Member] | Measurement Input, Price Volatility [Member] | ||
Derivative, measurement input | 0.474 | |
Replacement Warrants [Member] | Measurement Input, Expected Term [Member] | ||
Derivative, measurement input | 0.6 | |
Replacement Warrants [Member] | Measurement Input, Expected Dividend Rate [Member] | ||
Derivative, measurement input | 0 | |
Replacement Warrants [Member] | Minimum [Member] | ||
Exercise Price in U.S. dollars (in dollars per share) | $ 2.4 | |
Replacement Warrants [Member] | Maximum [Member] | ||
Exercise Price in U.S. dollars (in dollars per share) | $ 3.31 |
Note 10 - Derivative Liabilit_5
Note 10 - Derivative Liabilities - Movement in Derivative Liabilities (Details) $ in Thousands | 6 Months Ended |
Jan. 31, 2024 USD ($) | |
Balance | $ 4,313 |
Exercise of Replacement Warrants | (1,229) |
Change in fair value during the period | 11,963 |
Balance | $ 15,047 |
Note 11 - Capital Stock (Detail
Note 11 - Capital Stock (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||
Mar. 08, 2024 | Jan. 31, 2024 | Jan. 31, 2024 | Nov. 16, 2022 | Nov. 26, 2021 | May 17, 2021 | May 14, 2021 | |
Proceeds from Warrant Exercises | $ 737 | $ 737 | |||||
Advances From Future Warrant Exercise | $ 517 | $ 517 | |||||
Class of Warrant or Right Exercised (in shares) | 302,220 | ||||||
Subsequent Event [Member] | |||||||
Proceeds from Warrant Exercises | $ 3,262 | ||||||
Class of Warrant or Right Exercised (in shares) | 994,702 | ||||||
Shelf 2021 [Member] | |||||||
Stock Offering, Maximum Amount | $ 200,000 | $ 200,000 | |||||
May 17, 2021 At-the-market Offering [Member] | |||||||
Stock Offering, Maximum Amount | $ 100,000 | ||||||
May 14, 2021 At-the-market Offering [Member] | |||||||
Stock Offering, Maximum Amount | $ 100,000 | ||||||
November 2021 At-the-market Offering [Member] | |||||||
Stock Offering, Maximum Amount | $ 100,000 | ||||||
Shelf 2022 [Member] | |||||||
Stock Offering, Maximum Amount | $ 300,000 | ||||||
November 2022 At-the-market Offering [Member] | |||||||
Stock Offering, Maximum Amount | $ 300,000 | ||||||
At-the-market Offering [Member] | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | 10,418,029 | 21,188,029 | |||||
Proceeds from Issuance of Common Stock, Net | $ 73,238 | $ 129,508 | |||||
At-the-market Offering [Member] | Subsequent Event [Member] | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | 1,700,000 | ||||||
Proceeds from Issuance of Common Stock, Net | $ 13,390 |
Note 11 - Capital Stock - Conti
Note 11 - Capital Stock - Continuity Schedule of Outstanding Share Purchase Warrants (Details) | 6 Months Ended |
Jan. 31, 2024 $ / shares shares | |
Balance, Number of Warrants (in shares) | shares | 3,857,030 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ / shares | $ 3.31 |
Warrants Exercised (in shares) | shares | (302,220) |
Class of Warrant or Right Exercised, Weighted Average Exercise Price | $ / shares | $ 2.53 |
Balance, Number of Warrants (in shares) | shares | 3,554,810 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ / shares | $ 3.38 |
Note 11 - Capital Stock - Warra
Note 11 - Capital Stock - Warrants Outstanding and Exercisable (Details) - $ / shares | 6 Months Ended | |
Jan. 31, 2024 | Jul. 31, 2023 | |
Weighted Average Exercise Price (in dollars per share) | $ 3.38 | $ 3.31 |
Number of Warrants Outstanding (in shares) | 3,554,810 | 3,857,030 |
Weighted Average Remaining Contractual Life (Year) | 8 months 4 days | |
Warrants 1 [Member] | ||
Weighted Average Exercise Price (in dollars per share) | $ 3.34 | |
Number of Warrants Outstanding (in shares) | 3,372,992 | |
Weighted Average Remaining Contractual Life (Year) | 7 months 6 days | |
Expiry Date | Sep. 07, 2024 | |
Warrants 2 [Member] | ||
Weighted Average Exercise Price (in dollars per share) | $ 4.13 | |
Number of Warrants Outstanding (in shares) | 181,818 | |
Weighted Average Remaining Contractual Life (Year) | 2 years 2 months 4 days | |
Expiry Date | Apr. 05, 2026 |
Note 12 - Stock-based Compens_3
Note 12 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $ 37,408 | $ 37,408 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | 32,300 | 32,300 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Unvested in Period, Intrinsic Value | 5,108 | 5,108 | ||
Share-Based Payment Arrangement, Option [Member] | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | 1,508 | $ 1,508 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 29 days | |||
Restricted Stock Units (RSUs) [Member] | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | 1,858 | $ 1,858 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 6 months 7 days | |||
Share-Based Payment Arrangement, Expense | 437 | $ 293 | $ 873 | $ 586 |
Performance-based Restriced Stock Units [Member] | ||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | 1,154 | $ 1,154 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 29 days | |||
Share-Based Payment Arrangement, Expense | $ 176 | $ 99 | $ 353 | $ 198 |
Note 12 - Stock-based Compens_4
Note 12 - Stock-based Compensation - Schedule of Outstanding Stock Options (Details) - $ / shares | 3 Months Ended | 6 Months Ended | |||
Jan. 31, 2024 | Oct. 31, 2023 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Balance, number of stock options (in shares) | 7,518,042 | 8,326,983 | 8,326,983 | ||
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.94 | $ 1.92 | $ 1.92 | ||
Granted (in shares) | 10,000 | 17,500 | |||
Granted (in dollars per share) | $ 7.63 | $ 5.04 | |||
Exercised (in shares) | (878,503) | (608,182) | (197,110) | (1,486,685) | (2,528,332) |
Exercised (in dollars per share) | $ 1.45 | $ 1.69 | |||
Cancelled/Forfeited, number of stock options (in shares) | (191,259) | ||||
Cancelled/Forfeited, Weighted Average Exercise Price (in dollars per share) | $ 1.59 | ||||
Expired, number of stock options (in shares) | (27,000) | ||||
Expired (in dollars per share) | $ 3.69 | ||||
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ 7.63 | $ 5.04 | |||
Exercised (in shares) | (878,503) | (608,182) | (197,110) | (1,486,685) | (2,528,332) |
Exercised (in dollars per share) | $ 1.45 | $ 1.69 | |||
Balance, October 31, 2023 (in shares) | 6,649,539 | 7,518,042 | 6,649,539 | ||
Balance, October 31, 2023 (in dollars per share) | $ 2.01 | $ 1.94 | $ 2.01 |
Note 12 - Stock-based Compens_5
Note 12 - Stock-based Compensation - Number of Shares Issued and Cash Received Upon Exercise of the Stock Options (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jan. 31, 2024 | Oct. 31, 2023 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Number of Options Exercised on Cash Basis (in shares) | 100,425 | 0 | 289,675 | 138,537 | |
Number of Options Exercised on Forfeiture Basis (in shares) | 778,078 | 197,110 | 1,197,010 | 2,389,795 | |
Total Number of Options Exercised (in shares) | 878,503 | 608,182 | 197,110 | 1,486,685 | 2,528,332 |
Number of Shares Issued on Cash Exercise (in shares) | 100,425 | 0 | 289,675 | 138,537 | |
Number of Shares Issued on Forfeiture Basis (in shares) | 569,574 | 94,302 | 826,185 | 1,360,366 | |
Total Number of Shares Issued Upon Exercise of Options (in shares) | 669,999 | 94,302 | 1,115,860 | 1,498,903 | |
Cash Received from Exercise of Stock Options | $ 137 | $ 0 | $ 400 | $ 206 | |
Total Intrinsic Value of Options Exercised | $ 4,561 | $ 381 | $ 6,591 | $ 5,976 |
Note 12 - Stock-based Compens_6
Note 12 - Stock-based Compensation - Schedule of Outstanding Unvested Stock Options (Details) - $ / shares | 3 Months Ended | |
Jan. 31, 2024 | Oct. 31, 2023 | |
Balance, July 31, 2023 (in shares) | 1,675,403 | 1,803,265 |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.29 | $ 2.28 |
Granted (in shares) | 10,000 | 17,500 |
Granted, Fair Value (in dollars per share) | $ 5.05 | $ 3.36 |
Cancelled/Forfeited (in shares) | (12,300) | |
Cancelled/Forfeited, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.37 | |
Vested (in shares) | (429,513) | (133,062) |
Vested (in dollars per share) | $ 2.39 | $ 2.18 |
Granted (in dollars per share) | 5.05 | 3.36 |
Vested (in dollars per share) | $ 2.39 | $ 2.18 |
Balance, October 31, 2023 (in shares) | 1,255,890 | 1,675,403 |
Balance, October 31, 2023 (in dollars per share) | $ 2.28 | $ 2.29 |
Note 12 - Stock-based Compens_7
Note 12 - Stock-based Compensation - Summary of Stock Options Assumptions (Details) - Share-Based Payment Arrangement, Option [Member] | 6 Months Ended |
Jan. 31, 2024 $ / shares | |
Expected Life in Years (Year) | 5 years |
Expected Dividend Yield | 0% |
Minimum [Member] | |
Exercise Price (in dollars per share) | $ 4.72 |
Expected Risk Free Interest Rate | 3.99% |
Expected Volatility | 79.30% |
Maximum [Member] | |
Exercise Price (in dollars per share) | $ 7.63 |
Expected Risk Free Interest Rate | 4.67% |
Expected Volatility | 79.53% |
Note 12 - Stock-based Compens_8
Note 12 - Stock-based Compensation - Summary of Stock Options Outstanding and Exercisable (Details) - $ / shares | 6 Months Ended | ||
Jan. 31, 2024 | Oct. 31, 2023 | Jul. 31, 2023 | |
Options Outstanding (in shares) | 6,649,539 | 7,518,042 | 8,326,983 |
Options outstanding, weighted average exercise price (in dollars per share) | $ 2.01 | $ 1.94 | $ 1.92 |
Options outstanding, weighted average remaining contractual term (Year) | 7 years 1 month 13 days | ||
Options exercisable (in shares) | 5,393,649 | ||
Options exercisable, weighted average exercise price (in dollars per share) | $ 1.65 | ||
Options exercisable, weighted average remaining contractual term (Year) | 6 years 8 months 12 days | ||
Exercise Price Range 1 [Member] | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 0.8 | ||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 0.99 | ||
Options Outstanding (in shares) | 2,402,500 | ||
Options outstanding, weighted average exercise price (in dollars per share) | $ 0.92 | ||
Options outstanding, weighted average remaining contractual term (Year) | 5 years 11 months 26 days | ||
Options exercisable (in shares) | 2,402,500 | ||
Options exercisable, weighted average exercise price (in dollars per share) | $ 0.92 | ||
Options exercisable, weighted average remaining contractual term (Year) | 5 years 11 months 26 days | ||
Exercise Price Range 2 [Member] | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 1 | ||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 1.99 | ||
Options Outstanding (in shares) | 1,350,000 | ||
Options outstanding, weighted average exercise price (in dollars per share) | $ 1.11 | ||
Options outstanding, weighted average remaining contractual term (Year) | 6 years 4 months 2 days | ||
Options exercisable (in shares) | 1,350,000 | ||
Options exercisable, weighted average exercise price (in dollars per share) | $ 1.11 | ||
Options exercisable, weighted average remaining contractual term (Year) | 6 years 4 months 2 days | ||
Exercise Price Range 3 [Member] | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 2 | ||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 2.99 | ||
Options Outstanding (in shares) | 608,399 | ||
Options outstanding, weighted average exercise price (in dollars per share) | $ 2.24 | ||
Options outstanding, weighted average remaining contractual term (Year) | 7 years 5 months 4 days | ||
Options exercisable (in shares) | 608,399 | ||
Options exercisable, weighted average exercise price (in dollars per share) | $ 2.24 | ||
Options exercisable, weighted average remaining contractual term (Year) | 7 years 5 months 4 days | ||
Exercise Price Range 4 [Member] | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 3 | ||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 3.99 | ||
Options Outstanding (in shares) | 2,258,640 | ||
Options outstanding, weighted average exercise price (in dollars per share) | $ 3.6 | ||
Options outstanding, weighted average remaining contractual term (Year) | 8 years 8 months 4 days | ||
Options exercisable (in shares) | 1,030,562 | ||
Options exercisable, weighted average exercise price (in dollars per share) | $ 3.72 | ||
Options exercisable, weighted average remaining contractual term (Year) | 8 years 4 months 24 days | ||
Exercise Price Range 5 [Member] | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 4 | ||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 4.99 | ||
Options Outstanding (in shares) | 7,500 | ||
Options outstanding, weighted average exercise price (in dollars per share) | $ 4.48 | ||
Options outstanding, weighted average remaining contractual term (Year) | 9 years 3 months 21 days | ||
Options exercisable (in shares) | 625 | ||
Options exercisable, weighted average exercise price (in dollars per share) | $ 4.72 | ||
Options exercisable, weighted average remaining contractual term (Year) | 9 years 7 months 6 days | ||
Exercise Price Range 6 [Member] | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 5 | ||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 5.99 | ||
Options Outstanding (in shares) | 12,500 | ||
Options outstanding, weighted average exercise price (in dollars per share) | $ 5.16 | ||
Options outstanding, weighted average remaining contractual term (Year) | 9 years 7 months 28 days | ||
Options exercisable (in shares) | 1,563 | ||
Options exercisable, weighted average exercise price (in dollars per share) | $ 5.16 | ||
Options exercisable, weighted average remaining contractual term (Year) | 9 years 7 months 28 days | ||
Exercise Price Range 7 [Member] | |||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 7 | ||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 7.63 | ||
Options Outstanding (in shares) | 10,000 | ||
Options outstanding, weighted average exercise price (in dollars per share) | $ 7.63 | ||
Options outstanding, weighted average remaining contractual term (Year) | 9 years 11 months 23 days | ||
Options exercisable (in shares) | 0 | ||
Options exercisable, weighted average exercise price (in dollars per share) | $ 0 |
Note 12 - Stock-based Compens_9
Note 12 - Stock-based Compensation - Summary of Outstanding Unvested RSUs (Details) - Restricted Stock Units (RSUs) [Member] $ / shares in Units, $ in Thousands | 6 Months Ended |
Jan. 31, 2024 USD ($) $ / shares shares | |
Number of Restricted Stock Units (in shares) | shares | 989,585 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 3.36 |
Remaining Life (Year) | 1 year 11 months 23 days |
Aggregate Intrinsic Value | $ | $ 7,561 |
July 21, 2021 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 135,875 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 2.15 |
Remaining Life (Year) | 5 months 19 days |
Aggregate Intrinsic Value | $ | $ 1,038 |
May 01, 2022 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 39,216 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 4.25 |
Remaining Life (Year) | 1 year 3 months |
Aggregate Intrinsic Value | $ | $ 300 |
July 29, 2022 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 184,023 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 3.98 |
Remaining Life (Year) | 1 year 5 months 26 days |
Aggregate Intrinsic Value | $ | $ 1,406 |
July 31, 2023 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 620,386 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 3.32 |
Remaining Life (Year) | 2 years 6 months |
Aggregate Intrinsic Value | $ | $ 4,740 |
January 2, 2024 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 1,166 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 6.44 |
Remaining Life (Year) | 2 years 11 months 1 day |
Aggregate Intrinsic Value | $ | $ 9 |
January 22, 2024 [Member] | |
Number of Restricted Stock Units (in shares) | shares | 8,919 |
Grant Date Fair Value (in dollars per share) | $ / shares | $ 7.63 |
Remaining Life (Year) | 2 years 11 months 23 days |
Aggregate Intrinsic Value | $ | $ 68 |
Note 12 - Stock-based Compen_10
Note 12 - Stock-based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jan. 31, 2024 | Jan. 31, 2023 | Oct. 31, 2022 | Jan. 31, 2024 | Jan. 31, 2023 | |
Share-Based Payment Arrangement, Noncash Expense | $ 1,312 | $ 1,452 | $ 2,884 | $ 3,273 | |
Common stock issued to employees | 262 | $ 299 | |||
Consultants [Member] | |||||
Common stock issued to consultants | 0 | 127 | 0 | 275 | |
Amortization of stock option expenses | 94 | 144 | 215 | 372 | |
Consultants [Member] | Share-Based Payment Arrangement, Option [Member] | |||||
Share-Based Payment Arrangement, Noncash Expense | 94 | 271 | 215 | 647 | |
Management [Member] | |||||
Share-Based Payment Arrangement, Noncash Expense | 755 | 448 | 1,557 | 935 | |
Management [Member] | Share-Based Payment Arrangement, Option [Member] | |||||
Amortization of stock option expenses | 160 | 95 | 368 | 228 | |
Management [Member] | Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PRSUs) [Member] | |||||
Amortization of stock option expenses | 595 | 353 | 1,189 | 707 | |
Employees [Member] | |||||
Share-Based Payment Arrangement, Noncash Expense | 463 | 733 | 1,112 | 1,691 | |
Common stock issued to employees | 0 | 240 | 0 | 487 | |
Employees [Member] | Share-Based Payment Arrangement, Option [Member] | |||||
Amortization of stock option expenses | 445 | 454 | 1,077 | 1,127 | |
Employees [Member] | Restricted Stock Units (RSUs) [Member] | |||||
Amortization of stock option expenses | $ 18 | $ 39 | $ 35 | $ 77 |
Note 13 - Sales and Service R_3
Note 13 - Sales and Service Revenue and Cost of Sales and Services - Sales and Service Revenue and Cost of Sales and Service Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Revenue | $ 116 | $ 47,931 | $ 224 | $ 105,223 |
Cost of revenues | (97) | (33,361) | (187) | (76,795) |
Sale of Inventory [Member] | ||||
Revenue | 0 | 47,836 | 0 | 105,045 |
Cost of revenues | 0 | (33,282) | 0 | (76,647) |
Toll Processing Services [Member] | ||||
Revenue | 116 | 95 | 224 | 178 |
Cost of revenues | $ (97) | $ (79) | $ (187) | $ (148) |
Note 13 - Sales and Service R_4
Note 13 - Sales and Service Revenue and Cost of Sales and Services - Breakdown of Major Customers (Details) - Customer Concentration Risk [Member] - Revenue from Contract with Customer Benchmark [Member] | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Customer A [Member] | ||||
Customer A | 0% | 32% | 0% | 19% |
Customer B [Member] | ||||
Customer A | 0% | 0% | 0% | 24% |
Customer C [Member] | ||||
Customer A | 0% | 10% | 0% | 5% |
Customer D [Member] | ||||
Customer A | 0% | 10% | 0% | 9% |
Customer E [Member] | ||||
Customer A | 0% | 37% | 0% | 17% |
Customer F [Member] | ||||
Customer A | 0% | 0% | 0% | 7% |
Customer G [Member] | ||||
Customer A | 0% | 0% | 0% | 5% |
Customer H [Member] | ||||
Customer A | 100% | 11% | 100% | 14% |
All Customers [Member] | ||||
Customer A | 100% | 100% | 100% | 100% |
Note 14 - Income (Loss) Per S_3
Note 14 - Income (Loss) Per Share - Weighted Average Number of Shares Used in the Calculation of the Basic and Diluted Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jan. 31, 2024 | Oct. 31, 2023 | Jan. 31, 2023 | Oct. 31, 2022 | Jan. 31, 2024 | Jan. 31, 2023 | |
Net Income for the Period | $ 2,250 | $ 3,321 | $ 10,892 | $ (3,756) | $ 5,571 | $ 7,136 |
Basic Weighted Average Number of Shares (in shares) | 394,024,127 | 369,608,851 | 388,202,403 | 353,199,789 | ||
Dilutive Effect of Stock Awards and Warrants (in shares) | 9,155,552 | 8,216,694 | 9,155,553 | 8,216,694 | ||
Diluted Weighted Average Number of Shares (in shares) | 403,179,679 | 377,825,545 | 397,357,956 | 361,416,483 | ||
Net Income Per Share - Basic (in dollars per share) | $ 0.01 | $ 0.03 | $ 0.01 | $ 0.02 | ||
Net Income Per Share - Diluted (in dollars per share) | $ 0.01 | $ 0.03 | $ 0.01 | $ 0.02 |
Note 15 - Segmented Informati_3
Note 15 - Segmented Information (Details Textual) | 6 Months Ended |
Jan. 31, 2024 | |
Number of Reportable Segments | 1 |
Note 15 - Segmented Informati_4
Note 15 - Segmented Information - Long-term Assets by Geographic Segments (Details) - USD ($) $ in Thousands | Jan. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 |
Mineral Rights and Properties | $ 563,588 | $ 565,560 | |
Property, Plant and Equipment | 20,072 | 19,728 | |
Restricted Cash | 7,251 | 7,251 | $ 7,251 |
Equity-Accounted Investments | 56,453 | 48,110 | |
Investment in Equity Securities | 78,583 | 38,656 | |
Other Non-Current Assets | 3,350 | 3,079 | |
Total Long-Term Assets | 729,297 | 682,384 | |
UNITED STATES | |||
Mineral Rights and Properties | 166,101 | 166,051 | |
Property, Plant and Equipment | 18,945 | 19,221 | |
Restricted Cash | 7,251 | 7,251 | |
Equity-Accounted Investments | 0 | 0 | |
Investment in Equity Securities | 0 | 0 | |
Other Non-Current Assets | 3,016 | 2,965 | |
Total Long-Term Assets | 195,313 | 195,488 | |
CANADA | |||
Mineral Rights and Properties | 382,473 | 384,495 | |
Property, Plant and Equipment | 754 | 145 | |
Restricted Cash | 0 | 0 | |
Equity-Accounted Investments | 56,453 | 48,110 | |
Investment in Equity Securities | 78,583 | 38,656 | |
Other Non-Current Assets | 334 | 114 | |
Total Long-Term Assets | 518,597 | 471,520 | |
PARAGUAY | |||
Mineral Rights and Properties | 15,014 | 15,014 | |
Property, Plant and Equipment | 373 | 362 | |
Restricted Cash | 0 | 0 | |
Equity-Accounted Investments | 0 | 0 | |
Investment in Equity Securities | 0 | 0 | |
Other Non-Current Assets | 0 | 0 | |
Total Long-Term Assets | $ 15,387 | $ 15,376 |
Note 15 - Segmented Informati_5
Note 15 - Segmented Information - Operating Results by Geographic Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jan. 31, 2024 | Jan. 31, 2023 | Jan. 31, 2024 | Jan. 31, 2023 | |
Sales and service revenue | $ 116 | $ 47,931 | $ 224 | $ 105,223 |
Cost of revenues | (97) | (33,361) | (187) | (76,795) |
Gross profit | 19 | 14,570 | 37 | 28,428 |
Mineral property expenditures | 6,691 | 4,147 | 12,377 | 8,198 |
General and administrative | 4,895 | |||
Depreciation, amortization and accretion | 552 | 506 | 1,069 | 998 |
Total operating costs | 12,138 | 9,482 | 23,541 | 19,747 |
Income (loss) from operations | (12,119) | 5,088 | (23,504) | 8,681 |
Other income (expenses) | 15,372 | 5,388 | 27,273 | (1,990) |
Income (loss) before income taxes | 3,253 | 10,476 | 3,769 | 6,691 |
General and administrative | 4,895 | 4,829 | 10,095 | 10,551 |
UNITED STATES | ||||
Sales and service revenue | 116 | 47,931 | 224 | 105,223 |
Cost of revenues | (97) | (33,361) | (187) | (76,795) |
Gross profit | 19 | 14,570 | 37 | 28,428 |
Mineral property expenditures | 3,784 | 2,926 | 7,514 | 5,596 |
General and administrative | 3,187 | |||
Depreciation, amortization and accretion | 525 | 505 | 1,032 | 985 |
Total operating costs | 7,496 | 7,048 | 15,696 | 14,507 |
Income (loss) from operations | (7,477) | 7,522 | (15,659) | 13,921 |
Other income (expenses) | (198) | 3,038 | (389) | (957) |
Income (loss) before income taxes | (7,675) | 10,560 | (16,048) | 12,964 |
General and administrative | 3,617 | 7,150 | 7,926 | |
CANADA | ||||
Sales and service revenue | 0 | 0 | 0 | 0 |
Cost of revenues | 0 | 0 | 0 | 0 |
Gross profit | 0 | 0 | 0 | 0 |
Mineral property expenditures | 2,824 | 777 | 4,441 | 1,835 |
General and administrative | 1,724 | |||
Depreciation, amortization and accretion | 26 | (1) | 35 | 10 |
Total operating costs | 4,574 | 1,974 | 7,376 | 4,438 |
Income (loss) from operations | (4,574) | (1,974) | (7,376) | (4,438) |
Other income (expenses) | 15,562 | 2,351 | 27,654 | (1,033) |
Income (loss) before income taxes | 10,988 | 377 | 20,278 | (5,471) |
General and administrative | 1,198 | 2,900 | 2,593 | |
PARAGUAY | ||||
Sales and service revenue | 0 | 0 | 0 | 0 |
Cost of revenues | 0 | 0 | 0 | 0 |
Gross profit | 0 | 0 | 0 | 0 |
Mineral property expenditures | 83 | 444 | 422 | 767 |
General and administrative | (16) | |||
Depreciation, amortization and accretion | 1 | 2 | 2 | 3 |
Total operating costs | 68 | 460 | 469 | 802 |
Income (loss) from operations | (68) | (460) | (469) | (802) |
Other income (expenses) | 8 | (1) | 8 | 0 |
Income (loss) before income taxes | $ (60) | (461) | (461) | (802) |
General and administrative | $ 14 | $ 45 | $ 32 |