Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Jul. 31, 2024 | Sep. 26, 2024 | Jan. 31, 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 | FY | ||
Document Fiscal Year Focus | 2024 | ||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Jul. 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 | NYSE | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
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 | ||
ICFR Auditor Attestation Flag | true | ||
Document Financial Statement Error Correction [Flag] | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 3,012,574,156 | ||
Entity Common Stock, Shares Outstanding | 411,405,851 | ||
Auditor Firm ID | 271 | ||
Auditor Name | PricewaterhouseCoopers LLP | ||
Auditor Location | Vancouver, Canada |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jul. 31, 2024 | Jul. 31, 2023 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 87,533 | $ 45,614 |
Inventories | 75,833 | 6,207 |
Prepaid expenses and deposits | 2,453 | 2,682 |
Other current assets | 694 | 702 |
Investment in equity securities | 68,731 | 0 |
TOTAL CURRENT ASSETS | 235,244 | 55,205 |
Mineral rights and properties | 557,583 | 565,560 |
PROPERTY, PLANT AND EQUIPMENT | 20,465 | 19,728 |
RESTRICTED CASH | 7,251 | 7,251 |
Equity-accounted investment | 58,809 | 48,110 |
Non-current investment in equity securities | 6,533 | 38,656 |
Other non-current assets | 3,943 | 3,079 |
Total assets | 889,828 | 737,589 |
CURRENT LIABILITIES | ||
Accounts payable and accrued liabilities | 22,938 | 10,525 |
Asset retirement obligations - current | 2,953 | 1,515 |
Derivative liabilities | 3,030 | 0 |
Other current liabilities | 301 | 154 |
TOTAL CURRENT LIABILITIES | 29,222 | 12,194 |
Non-current assets retirement obligations | 16,672 | 17,155 |
OTHER NON-CURRENT LIABILITIES | 1,474 | 1,020 |
Non-current derivative liabilities | 0 | 4,313 |
Deferred tax liabilities | 64,347 | 71,080 |
Total liabilities | 111,715 | 105,762 |
STOCKHOLDERS' EQUITY | ||
Common stock $0.001 par value: 750,000,000 shares authorized, 410,355,768 shares issued and outstanding (July 31, 2023 - 378,452,864) | 410 | 378 |
Additional paid-in capital | 1,110,433 | 924,737 |
Accumulated deficit | (318,901) | (289,680) |
Accumulated other comprehensive income | (13,829) | (3,608) |
TOTAL EQUITY | 778,113 | 631,827 |
TOTAL LIABILITIES AND EQUITY | 889,828 | 737,589 |
COMMITMENTS |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Jul. 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) | 410,355,768 | 378,452,864 |
Common stock, shares outstanding (in shares) | 410,355,768 | 378,452,864 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Revenue | $ 224 | $ 164,389 | $ 23,161 |
Cost of revenues | (187) | (114,719) | (15,868) |
GROSS PROFIT | 37 | 49,670 | 7,293 |
OPERATING COSTS | |||
Mineral property expenditures | 32,383 | 18,620 | 10,154 |
General and administrative | 21,873 | 20,064 | 15,026 |
Acquisition-related costs | 0 | 0 | 3,444 |
Depreciation, amortization, and accretion | 2,183 | 2,007 | 1,379 |
Impairment loss on mineral properties | 0 | 112 | 0 |
TOTAL OPERATING COSTS | 56,439 | 40,803 | 30,003 |
INCOME (LOSS) FROM OPERATIONS | (56,402) | 8,867 | (22,710) |
OTHER INCOME (EXPENSES) | |||
Interest expenses and finance costs | (827) | (805) | (1,519) |
Income (loss) from equity-accounted investment | 1,017 | (994) | 4,126 |
Debt receivable recovery | 0 | 0 | 18,342 |
Gain on settlement of debt receivable | 0 | 0 | 1,780 |
Gain on settlement of liabilities | 0 | 428 | 0 |
Gain (loss) on disposition of assets | (27) | 20 | 6,427 |
Unrealized and realized gain (loss) from common shares and warrants of publicly listed companies | 27,505 | (13,083) | (1,351) |
Gain (loss) on revaluation of derivative liabilities | (8,226) | 3,293 | 0 |
Interest income | 2,629 | 350 | 98 |
Other income (expenses) | 76 | (513) | 54 |
OTHER INCOME (EXPENSES) | 22,147 | (11,304) | 27,957 |
INCOME (LOSS) BEFORE INCOME TAXES | (34,255) | (2,437) | 5,247 |
DEFERRED TAX RECOVERY (EXPENSE) | 5,034 | (870) | 5 |
NET INCOME (LOSS) FOR THE YEAR | (29,221) | (3,307) | 5,252 |
OTHER COMPREHENSIVE LOSS | |||
Translation loss | (10,221) | (3,422) | (679) |
TOTAL OTHER COMPREHENSIVE LOSS | (10,221) | (3,422) | (679) |
TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE YEAR | $ (39,442) | $ (6,729) | $ 4,573 |
Net Income (Loss) Per Share - Basic (in dollars per share) | $ (0.07) | $ (0.01) | $ 0.02 |
Net Income (Loss) Per Share - Diluted (in dollars per share) | $ (0.07) | $ (0.01) | $ 0.02 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, | |||
Basic Weighted Average Number of Shares (in shares) | 397,309,780 | 364,789,621 | 271,019,472 |
Diluted (in shares) | 397,309,780 | 364,789,621 | 280,102,073 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
OPERATING ACTIVITIES | |||
Net loss for the year | $ (29,221) | $ (3,307) | $ 5,252 |
Adjustments to reconcile net income (loss) to cash flows in operating activities | |||
Share-Based Payment Arrangement, Noncash Expense | 5,172 | 5,523 | 4,681 |
Depreciation, amortization and accretion | 2,183 | 2,007 | 1,379 |
Amortization of long-term debt discount | 0 | 0 | 525 |
(Income) loss from equity-accounted investment | (1,017) | 994 | (4,126) |
Debt receivable recovery | 0 | 0 | (18,342) |
Gain on settlement of debt receivable | 0 | 0 | (1,780) |
(Gain) loss on disposition of assets | 27 | (20) | (6,427) |
Impairment loss on mineral properties | 0 | 112 | 0 |
Fair value (gain) loss on equity securities | (27,505) | 13,083 | 1,351 |
(Gain) loss on revaluation of derivative liabilities | 8,226 | (3,293) | 0 |
Gain on settlement of liabilities | 0 | (428) | 0 |
Deferred tax expense (recovery) | (5,034) | 870 | (5) |
Changes in operating assets and liabilities | |||
Inventories | (69,626) | 60,363 | (37,206) |
Prepaid expenses and deposits | (69) | 583 | (1,398) |
Other current assets | (5) | 383 | 17 |
Accounts payable and accrued liabilities | 10,360 | (4,355) | 3,262 |
Other liabilities | 22 | 58 | (170) |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | (106,487) | 72,573 | (52,987) |
FINANCING ACTIVITIES | |||
Proceeds from share issuances, net of issuance costs | 176,708 | 66,527 | 168,014 |
Repayments of long-term debt | 0 | 0 | (10,000) |
Repayments of other loans | 0 | (66) | (191) |
Payments for withholding of employee taxes related to options, Restricted Stock Units ("RSUs") and Performance Based Restricted Stock Units ("PRSUs") | (3,632) | (1,044) | (557) |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 173,076 | 65,417 | 157,266 |
INVESTING ACTIVITIES | |||
Investment in mineral rights and properties | (1,440) | (101) | (590) |
Purchase of property, plant and equipment | (1,988) | (555) | (620) |
Capital contribution to equity-accounted investment | (2,876) | (1,415) | 0 |
Purchase of additional interest in equity-accounted investment | (9,238) | 0 | 0 |
Investment in equity securities | (12,115) | (47,192) | (15,215) |
Proceeds from debt receivable recovery | 0 | 0 | 9,171 |
Proceeds from sale of equity security | 3,008 | 4,590 | 9,980 |
Proceeds from disposition of assets | 8 | 26 | 19 |
NET CASH USED IN INVESTING ACTIVITIES | (24,641) | (124,780) | (110,843) |
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 41,948 | 13,210 | (6,564) |
FOREIGN EXCHANGE DIFFERENCE ON CASH | (29) | (132) | 0 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR | 52,865 | 39,787 | 46,351 |
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR | 94,784 | 52,865 | 39,787 |
U1A Acquisition [Member] | |||
INVESTING ACTIVITIES | |||
Cash used in acquisition | 0 | 0 | (113,588) |
Cash used in acquisition | (125,593) | ||
UEX Corporation [Member] | |||
INVESTING ACTIVITIES | |||
Cash used in acquisition | 0 | 1,984 | 0 |
Roughrider [Member] | |||
INVESTING ACTIVITIES | |||
Cash used in acquisition | $ 0 | $ (82,117) | $ 0 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Share Issuance Obligation [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Jul. 31, 2021 | 236,796,866 | |||||
Balance at Jul. 31, 2021 | $ 237 | $ 441,990 | $ 360 | $ (291,625) | $ 493 | $ 151,455 |
Issued under ATM offering, net of issuance costs (in shares) | 47,507,536 | |||||
Issued under ATM offering, net of issuance costs | $ 48 | 163,707 | 0 | 0 | 0 | 163,755 |
Issued upon vesting of RSUs and PRSUs (in shares) | 628,803 | |||||
Issued upon vesting of RSUs and PRSUs | $ 0 | (1,305) | (360) | 0 | 0 | $ (1,665) |
Issued upon exercise of stock options (in shares) | 2,152,095 | 2,152,095 | ||||
Issued upon exercise of stock options | $ 2 | 932 | 0 | 0 | 0 | $ 934 |
Issued upon exercise of warrants (in shares) | 1,771,869 | |||||
Issued upon exercise of warrants | $ 2 | 3,323 | 0 | 0 | 0 | 3,325 |
Amortization of stock-based compensation | 0 | 2,724 | 0 | 0 | 0 | 2,724 |
Withholding of employee taxes related to stock options and RSUs | 0 | (883) | 0 | 0 | 0 | (883) |
Net loss for the year | 0 | 0 | 0 | 5,252 | 0 | 5,252 |
Other comprehensive loss | $ 0 | 0 | 0 | 0 | (679) | (679) |
Issued as anniversary fees for credit facility (in shares) | 161,594 | |||||
Issued as anniversary fees for credit facility | $ 0 | 600 | 0 | 0 | 0 | 600 |
Issued for acquisition of mineral properties (in shares) | 111,864 | |||||
Issued for acquisition of mineral properties | $ 0 | 426 | 0 | 0 | 0 | 426 |
Common stock issued for consulting services (in shares) | 56,273 | |||||
Common stock issued for consulting services | $ 0 | 187 | 0 | 0 | 0 | 187 |
Common stock issued under Stock Incentive Plan (in shares) | 451,407 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 1,478 | 0 | 0 | 1,478 | |
Balance (in shares) at Jul. 31, 2022 | 289,638,307 | |||||
Balance at Jul. 31, 2022 | $ 289 | 613,179 | 0 | (286,373) | (186) | 326,909 |
Issued under ATM offering, net of issuance costs (in shares) | 15,171,253 | |||||
Issued under ATM offering, net of issuance costs | $ 15 | 58,405 | 0 | 0 | 0 | 58,420 |
Issued upon vesting of RSUs and PRSUs (in shares) | 261,232 | |||||
Issued upon vesting of RSUs and PRSUs | $ 0 | 37 | 0 | 0 | 0 | $ 37 |
Issued upon exercise of stock options (in shares) | 2,351,544 | 2,351,544 | ||||
Issued upon exercise of stock options | $ 3 | 562 | 0 | 0 | 0 | $ 565 |
Issued upon exercise of warrants (in shares) | 4,359,086 | |||||
Issued upon exercise of warrants | $ 5 | 8,846 | 0 | 0 | 0 | 8,851 |
Amortization of stock-based compensation | 0 | 4,190 | 0 | 0 | 0 | 4,190 |
Withholding of employee taxes related to stock options and RSUs | 0 | (1,092) | 0 | 0 | 0 | (1,092) |
Net loss for the year | 0 | 0 | 0 | (3,307) | 0 | (3,307) |
Other comprehensive loss | $ 0 | 0 | 0 | 0 | (3,422) | (3,422) |
Common stock issued for consulting services (in shares) | 53,407 | |||||
Common stock issued for consulting services | $ 0 | 218 | 0 | 0 | 0 | 218 |
Common stock issued under Stock Incentive Plan (in shares) | 258,909 | |||||
Common stock issued under Stock Incentive Plan | $ 0 | 945 | 0 | 0 | 945 | |
Stock Issued During Period, Shares, Acquisitions | 66,359,126 | |||||
UEC shares issued | $ 66 | 239,447 | 0 | 0 | 0 | 239,513 |
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 offering, net of issuance costs (in shares) | 26,375,699 | |||||
Issued under ATM offering, net of issuance costs | $ 26 | 167,848 | 0 | 0 | 167,874 | |
Issued upon vesting of RSUs and PRSUs (in shares) | 489,746 | |||||
Issued upon vesting of RSUs and PRSUs | $ 0 | 0 | 0 | 0 | $ 0 | |
Issued upon exercise of stock options (in shares) | 2,445,748 | 2,445,748 | ||||
Issued upon exercise of stock options | $ 3 | 679 | 0 | 0 | $ 682 | |
Issued upon exercise of warrants (in shares) | 2,591,711 | |||||
Issued upon exercise of warrants | $ 3 | 17,659 | 0 | 0 | 17,662 | |
Amortization of stock-based compensation | 0 | 5,172 | 0 | 0 | 5,172 | |
Withholding of employee taxes related to stock options and RSUs | 0 | (5,662) | 0 | 0 | (5,662) | |
Net loss for the year | 0 | 0 | (29,221) | 0 | (29,221) | |
Other comprehensive loss | $ 0 | 0 | 0 | (10,221) | (10,221) | |
Balance (in shares) at Jul. 31, 2024 | 410,355,768 | |||||
Balance at Jul. 31, 2024 | $ 410 | $ 1,110,433 | $ (318,901) | $ (13,829) | $ 778,113 |
Insider Trading Arrangements
Insider Trading Arrangements | 12 Months Ended |
Jul. 31, 2024 | |
Insider Trading Arr Line Items | |
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 |
Note 1 - Nature of Operations
Note 1 - Nature of Operations | 12 Months Ended |
Jul. 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 July 31, 2024 24 12 12 Historically, we have been reliant primarily on equity financings from the sale of our common stock and on debt financing in order to fund our operations, and this reliance is expected to continue for the foreseeable future. Our continued operations, including the recoverability of the carrying values of our assets, are dependent ultimately on our ability to achieve and maintain profitability and positive cash flow from our operations. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Business Description and Basis of Presentation [Text Block] | NOTE 2: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation These consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) and are presented in thousands of United States dollars. All inter-company transactions and balances have been eliminated upon consolidation. 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”) and our 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 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 Business Combination and Asset Acquisition The Company performs a screen test as required under U.S. GAAP to determine whether a transaction is an asset acquisition. If substantially all of the fair value of gross assets acquired is concentrated in a single identifiable asset (or a group of similar identifiable assets), the assets acquired would not not not When an acquisition is accounted for as a business combination, we recognize and measure the assets acquired and liabilities assumed based on their estimated fair values at the acquisition date, while transaction costs related to business combinations are expensed as incurred. An income, market or cost valuation method may not one not Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make judgements, estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported revenues and expenses during the reported periods. Areas requiring significant judgements, estimates and assumptions include the valuation of acquired mineral rights and properties and equity-accounted investments, existence of impairment indicators for the Company’s long-lived assets, valuation and measurement of impairment losses on mineral rights and properties, valuation of recoverability of a credit loss, valuation of asset retirement obligations, and valuation of stock options, share purchase warrants and stock-based compensation. Other areas requiring estimates include allocations of expenditures to inventories, depletion and amortization of mineral rights and properties and depreciation of property, plant and equipment. Actual results could differ significantly from those estimates and assumptions. Foreign Currency Translation The functional currency of our Company, including its subsidiaries, is the United States dollar, except for UEX Corporation, whose functional currency is the Canadian dollar. In accordance with ASC 830: Cash and Cash Equivalents Cash and cash equivalents consist of bank deposits and term deposits with an original maturity of three Fair Value Measurement Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 3 The three ● Level 1 ● Level 2 not ● Level 3 no The financial instruments, including cash and cash equivalents, accounts and other receivables, restricted cash, accounts payable and accrued liabilities, are carried at cost, which approximate their fair values due to the immediate or short-term maturity. Investment in equity securities (level 1 2 Inventories Inventories are comprised of supplies, work-in-progress and uranium concentrates (“U 3 8 Inventories are carried at the lower of cost or net realizable value and are charged to cost of sales using the average costing method. Equity Investments Investments in an entity in which our ownership is greater than 20% 50%, 50/50 not 323: Additionally, we hold certain equity investments in entities that we do not 321 Other Non-Current Assets Other non-current assets include future expenditures that we have paid in advance but will not one not Mineral Rights Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves, as defined by the SEC under S-K 1300, Where proven and probable reserves have been established, the project’s capitalized expenditures are depleted over proven and probable reserves using the units-of-production method upon commencement of production. Where proven and probable reserves have not not Property, Plant and Equipment Property, plant and equipment are recorded at cost and depreciated to their estimated residual values using the straight-line method over their estimated useful lives, as follows: ● Plant and processing facilities: 10 to 21 years; ● Mining and logging equipment and vehicles: 5 to 10 years; ● Computer equipment: 3 years; ● Furniture and fixtures: 5 years; and ● Buildings: 20 years. Impairment of Long-Lived Assets Long-lived assets including mineral rights and properties and property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset or asset group may not may not not not Income Taxes We account for income taxes under the asset and liability method which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities. We provide a valuation allowance on deferred tax assets unless it is more likely than not Restoration and Remediation Costs (Asset Retirement Obligations) Various federal and state mining laws and regulations require our Company to reclaim the surface areas and restore underground water quality to the pre-existing quality or class of use after the completion of mining. We recognize the present value of the future restoration and remediation costs as an asset retirement obligation in the period in which we incur an obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development and/or normal use of the assets. Asset retirement obligations consist of estimated final well closure, plant and equipment decommissioning and removal and environmental remediation costs to be incurred by our Company in the future. The asset retirement obligation is estimated based on the current costs escalated at an inflation rate and discounted at a credit adjusted risk-free rate at inception. The asset retirement obligations are capitalized as part of the costs of the underlying assets and amortized over its remaining useful life. The asset retirement obligations are accreted to an undiscounted value until they are settled. The accretion expenses are charged to earnings and the actual retirement costs are recorded against the asset retirement obligations when incurred. Any difference between the recorded asset retirement obligations and the actual retirement costs incurred will be recorded as a gain or loss in the period of settlement. Long-Term Debt Long-Term Debt is carried at amortized cost. Debt issuance costs, debt premiums and discounts and annual fees are included in the long-term debt balance and amortized using the effective interest rate over the contractual terms of the Long-Term Debt. Leases We determine if a contractual arrangement represents or contains a lease at inception. Operating leases with lease terms greater than 12 Operating and finance lease ROU assets and lease liabilities are recognized based on the present value of the future lease payments over the lease term at the commencement date. When the rate implicit to the lease cannot be readily determined, we utilize the incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest our Company would have to pay to borrow on a collateralized basis over a similar term and the amount equal to the lease payments in a similar economic environment. The operating lease expenses are recognized on a straight-line basis over the lease term and included in general and administration expenses. Short-term leases, which have an initial term of 12 not We have lease arrangements that include both lease and non-lease components. We account for each separate lease component and its associated non-lease components as a single lease component for all of our asset classes. Revenue Recognition Our revenues are primarily derived from the sale of U 3 8 3 8 Stock-Based Compensation We measure stock-based awards at fair value on the date of the grant and expense the awards over the requisite service period of employees or consultants. The fair value of stock options is determined using the Black-Scholes Valuation Model. The fair value of restricted stock units (“RSU”s) is determined using the share price of the Company at the date of grant. The fair value of performance based restricted stock units (“PRSU”s) is determined using the Monte Carlo Simulation Model. Stock-based compensation expense related to stock option awards is recognized over the requisite service period on a graded vesting basis. Forfeitures are accounted for as they occur. The Company’s estimates may not Earnings (Loss) Per Common Share Basic earnings or loss per share includes no Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules In November 2023, 2023 07, 280 10 July 31, 2025, In December 2023, 2023 09, 740 December 15, 2024. In March 2024, 2024 02, not December 15, 2024, |
Note 3 - Acquisition of UEX Cor
Note 3 - Acquisition of UEX Corporation | 12 Months Ended |
Jul. 31, 2024 | |
UEX Acquisition [Member] | |
Notes to Financial Statements | |
Asset Acquisition [Text Block] | NOTE 3: ACQUISITION OF UEX CORPORATION During Fiscal 2022, June 13, 2022, June 21, 2022, CA$0.43 2022, On August 19, 2022, not not In connection with the UEX Acquisition, we also issued 2,301,750 stock options (the “Replacement Options”) and 4,660,580 warrants (the “Replacement Warrants”) to replace the outstanding stock options and warrants of UEX that were outstanding immediately prior to the completion of the UEX Acquisition. The estimated fair value of the Replacement Options in the amount of $4,026 as of August 19, 2022 718 2 Exercise Price in U.S. dollars 1.077 to3.9494 Exercise Price in Canadian dollars CA$1.39 to CA$5.12 Expected Risk Free Interest Rate 2.40% to 3.23% Expected Volatility 76.01% to 97.53% Expected Life in Years 0.12 to 1.0 Expected Dividend Yield 0.00 % The estimated fair value of the Replacement Warrants in the amount of $8,903 as of August 19, 2022 815 August 19, 2022 2 Exercise Price in U.S. dollars 1.111 to3.4242 Exercise Price in Canadian dollars CA$1.44 to CA$4.44 Expected Risk Free Interest Rate 3.18% to 3.23% Expected Volatility 90.98% to 101.52% Expected Life in Years 0.75 to 2.05 Expected Dividend Yield 0.00 % The UEX Acquisition is accounted for as an acquisition of assets rather than a business as UEX did not 805 The following table summarizes the fair value of the consideration paid, and the fair value of the assets acquired and liabilities assumed, on the closing date of the UEX Acquisition: Consideration paid UEC shares issued $ 171,271 Fair value of UEX shares acquired by UEC before acquisition 5,830 Replacement options issued 4,026 Replacement warrants issued 8,903 Acquisition related costs 2,643 Total consideration $ 192,673 Assets acquired and liabilities assumed Cash and cash equivalents $ 4,627 Prepaid expenses and deposits 159 Accounts receivable 892 Mineral rights and properties 208,008 Equity-accounted investment 24,502 Investment in equity securities 135 Other non-current assets 118 Total assets 238,441 Accounts payable and accrued liabilities 7,080 Other liabilities 111 Asset retirement obligations (Note 14) 211 Deferred tax liabilities 38,366 Total liabilities 45,768 Total net assets $ 192,673 The Company recognized the assets and liabilities acquired in this acquisition by allocating the cost of the acquisition to the assets and liabilities based on their relative fair values. The fair value of the mineral rights and properties and equity-accounted investment was based on a value per pound of uranium which was determined using an in situ multiples analysis. Management used data from comparable public companies and precedent transactions in the in situ multiples analysis to estimate a value per pound of uranium and apply that to the property resource estimates, taking into account project-specific characteristics. The property resource estimates were based on information prepared by qualified persons (management’s specialists). Cash flow on acquisition: Cash acquired with the subsidiary $ 4,627 Acquisition related costs (2,643 ) Acquisition of UEX, net of cash acquired $ 1,984 |
Note 4 - Acquisition of the Rou
Note 4 - Acquisition of the Roughrider Project | 12 Months Ended |
Jul. 31, 2024 | |
Roughrider Acquisition [Member] | |
Notes to Financial Statements | |
Asset Acquisition [Text Block] | NOTE 4: ACQUISITION OF THE ROUGHRIDER PROJECT On October 14, 2022, not 805 The following table summarizes the fair value of the consideration paid, and the fair value of the assets acquired and liabilities assumed, on the closing date of the Roughrider Acquisition: Consideration paid Cash $ 80,000 Fair value of 17,805,815 3.60 64,101 Acquisition related costs 2,117 Total consideration paid $ 146,218 Assets acquired and liabilities assumed Mineral rights and properties $ 178,438 Total assets 178,438 Asset retirement obligations (Note 14) 445 Deferred tax liabilities 31,775 Total liabilities 32,220 Total net assets $ 146,218 Cash flow on acquisition: Cash paid $ (80,000 ) Acquisition related costs (2,117 ) Acquisition of Roughrider $ (82,117 ) |
Note 5 - Acquisition of Uranium
Note 5 - Acquisition of Uranium One Americas, Inc. | 12 Months Ended |
Jul. 31, 2024 | |
U1A Acquisition [Member] | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 5: ACQUISITION OF URANIUM ONE AMERICAS, INC. On December 17, 2021, “U1A” “U1A U1A U1A U1A’s The UEC Wyoming portfolio consists of the Irigaray Processing Facility, the Christensen Ranch Mine and the Ludeman, Antelope, Moore Ranch and Barge Projects located in Wyoming, which creates a Wyoming hub-and-spoke operation for the Company. The U1A U1A not U1A 2022. As of July 31, 2022, U1A The table below sets forth the consideration paid and the fair value of the assets acquired and liabilities assumed for the U1A Consideration paid Cash $ 125,593 Working capital adjustment (1) 2,902 Total consideration paid $ 128,495 Assets acquired and liabilities assumed Cash & cash equivalents (1) 1,183 Prepaid expenses and deposits (1) 1,550 Other current assets (1) 73 Inventories (1) 192 Mineral rights and properties (2) 110,693 Property, plant and equipment (3) 13,004 Restricted cash 13,755 Debt receivable (4) - Other non-current assets (5) 1,613 Total assets 142,063 Accounts payable and accrued liabilities (1) 96 Other liabilities (5) 765 Asset retirement obligations (6) 12,707 Total liabilities 13,568 Total net assets $ 128,495 Notes: ( 1 The working capital adjustment represents the working capital of U1A U1A $1,183; $1,550; $73; $192; ( 2 The fair value of mineral rights and properties was determined using the discounted cash flow model (being the net present value of expected future cash flows). Expected future cash flows are based on estimates of future uranium prices, production based on current estimates of recoverable mineral resources, future operating costs and capital expenditures and the discount rate. The Company’s estimates of recoverable mineral resources are based on information prepared by qualified persons (management’s specialists). ( 3 The fair value of property, plant and equipment was determined using a replacement cost approach. ( 4 Other non-current assets included certain material and supply inventories classified as non-current and ROU assets associated with U1A’s ( 5 The fair value of asset retirement obligations was measured based on the expected costs and timing for final well closure, plant and equipment decommissioning and removal, and environmental remediation, which are discounted to present value using credit adjusted risk-free rates. Since it has been consolidated from December 17, 2021, 2022. The following unaudited proforma financial information presents consolidated results assuming the U1A August 1, 2020. Year Ended July 31, 2022 2021 Sales and service revenue $ 23,298 $ 192 Net income (loss) for the year 2,626 (21,945 ) |
Note 6 - Anfield Debt Settlemen
Note 6 - Anfield Debt Settlement and Property Swap | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Debt Settlement and Property Swap [Text Block] | NOTE 6: ANFIELD DEBT SETTLEMENT AND PROPERTY SWAP In connection with the U1A U1A U1A $Nil December 17, 2021. On April 19, 2022, one one one CA$0.18 May 12, 2027 ( On June 7, 2022, Anfield Common Shares were measured using the Anfield share price of $0.08 per share at the date of issuance. Anfield Warrants were measured at $0.03 per share using the Black-Sholes Valuation Model at the date of issuance with the following assumptions. Expected Risk Free Interest Rate 2.93 % Annual Volatility 64.94 % Life in Years 4.94 Expected Annual Dividend Yield 0 % Our investment in Anfield Common Shares and Anfield Warrants are accounted for as Investment in Equity Securities with changes in fair value charged to fair value gain (loss) on equity securities on our consolidated statements of operations and comprehensive income (loss). Consequently, we reversed the entire expected credit loss on the debt receivable and recognized a recovery on debt receivable of $18,342 on our consolidated statements of operations and comprehensive income in Fiscal 2022. $18,342 U1A 326 2019 04, not 2022. Concurrent with the Anfield Debt Settlement, we completed the Swap Agreement whereby we have received from Anfield 25 850 2022. |
Note 7 - Inventories
Note 7 - Inventories | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 7: INVENTORIES As at July 31, 2024 July 31, 2023 July 31, 2024 July 31, 2023 Material and supplies $ 215 $ 228 Uranium concentrates from production 178 178 Purchased uranium inventories 75,440 5,801 $ 75,833 $ 6,207 As at July 31, 2024 five Purchase Commitments in Pounds Total Purchase Price Fiscal 2025 600,000 $ 23,120 Fiscal 2026 100,000 3,620 Total 700,000 $ 26,740 Subsequent to July 31, 2024 . |
Note 8 - Mineral Rights and Pro
Note 8 - Mineral Rights and Properties | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Mineral Industries Disclosures [Text Block] | NOTE 8: MINERAL RIGHTS AND PROPERTIES Mineral Rights As at July 31, 2024 July 31, 2024 As at July 31, 2024 Costs United States Canada Paraguay Total Balance at July 31, 2022 $ 172,340 $ 982 $ 15,014 $ 188,336 Additions 100 386,562 - 386,662 Impact of foreign currency translation - (2,937 ) - (2,937 ) Balance at July 31, 2023 172,440 384,607 15,014 572,061 Additions 100 1,340 - 1,440 Impact of foreign currency translation - (9,424 ) - (9,424 ) Balance at July 31, 2024 $ 172,540 $ 376,523 $ 15,014 $ 564,077 Accumulated Depletion, Amortization and Impairment United States Canada Paraguay Total Balance at July 31, 2022 $ (6,388 ) $ - $ - $ (6,388 ) Additions (1 ) - - (1 ) Impairment - (112 ) - (112 ) Balance at July 31, 2023 (6,389 ) (112 ) - (6,501 ) Impact of foreign currency translation - 7 - 7 Balance at July 31, 2024 $ (6,389 ) $ (105 ) $ - $ (6,494 ) Carrying Value Balance at July 31, 2023 $ 166,051 $ 384,495 $ 15,014 $ 565,560 Balance at July 31, 2024 $ 166,151 $ 376,418 $ 15,014 $ 557,583 During Fiscal 2018 2019, not We have not 1300, may not The details of mineral property expenditures are as follows: Year Ended July 31, 2024 2023 2022 Permitting and compliance $ 1,895 $ 396 $ 676 Property maintenance 3,986 3,608 2,635 Exploration 14,669 9,308 2,582 Development 6,650 1,749 1,995 Production readiness 5,183 3,559 2,266 Total $ 32,383 $ 18,620 $ 10,154 |
Note 9 - Property, Plant and Eq
Note 9 - Property, Plant and Equipment | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 9: PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following: July 31, 2024 July 31, 2023 Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value Plant and Processing Facilities $ 19,346 $ (2,708 ) $ 16,638 $ 19,145 $ (1,998 ) $ 17,147 Mining Equipment 3,740 (2,523 ) 1,217 2,915 (2,478 ) 437 Logging Equipment and Vehicles 3,452 (2,222 ) 1,230 2,799 (1,989 ) 810 Computer Equipment 300 (287 ) 13 306 (280 ) 26 Furniture and Fixtures 243 (190 ) 53 198 (180 ) 18 Buildings 337 (103 ) 234 297 (87 ) 210 Land 1,080 - 1,080 1,080 - 1,080 $ 28,498 $ (8,033 ) $ 20,465 $ 26,740 $ (7,012 ) $ 19,728 The depreciation expenses for the year ended July 31, 2024 July 31, 2023: July 31, 2022: |
Note 10 - Restricted Cash
Note 10 - Restricted Cash | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Restricted Cash [Text Block] | NOTE 10: RESTRICTED CASH 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. During Fiscal 2022, Cash, cash equivalents and restricted cash are included in the following accounts: July 31, 2024 July 31, 2023 July 31, 2022 Cash and cash equivalents $ 87,533 $ 45,614 $ 32,536 Restricted cash 7,251 7,251 7,251 Total cash, cash equivalents and restricted cash $ 94,784 $ 52,865 $ 39,787 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 are 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. As of July 31, 2024, one not July 31, 2024. |
Note 11 - Equity-Accounted Inve
Note 11 - Equity-Accounted Investment | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | NOTE 11: EQUITY-ACCOUNTED INVESTMENT As at July 31, 2024 July 31, 2023 two one 2024 URC is a public company listed on the TSX with the trading symbol URC and on NASDAQ with the trading symbol UROY. As at July 31, 2024 July 31, 2023 As at July 31, 2024 August 19, 2022. We incurred $63 in exploration expenditures on behalf of JCU for the year ended July 31, 2024 July 31, 2023 July 31, 2024 July 31, 2023 During Fiscal 2024 2023 2022 Investment in URC JCU Total Balance, July 31, 2021 $ 20,730 $ - $ 20,730 Share of income 153 - 153 Gain on dilution of ownership interest 3,973 - 3,973 Foreign exchange difference (679 ) - (679 ) Balance, July 31, 2022 24,177 - 24,177 Addition from UEX Acquisition - 24,502 24,502 Capital contribution - 1,415 1,415 Share of income (loss) 414 (2,062 ) (1,648 ) Gain on dilution of ownership interest 654 - 654 Foreign exchange difference (634 ) (356 ) (990 ) Balance, July 31, 2023 24,611 23,499 48,110 Addition 9,238 - 9,238 Capital contribution - 2,876 2,876 Share of income (loss) 2,032 (1,439 ) 593 Gain on dilution of ownership interest 424 - 424 Foreign exchange difference (1,327 ) (1,105 ) (2,432 ) Balance, July 31, 2024 $ 34,978 $ 23,831 $ 58,809 |
Note 12 - Investments in Equity
Note 12 - Investments in Equity Securities | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 12: INVESTMENTS IN EQUITY SECURITIES On August 19, 2022, 3 July 31, 2022 August 19, 2022 The changes in our investments in equity securities are summarized as follows: July 31, 2024 July 31, 2023 Balance, beginning of year $ 38,656 $ 14,834 Transferred as consideration for UEX Acquisition (Note 3) — (5,830 ) Acquired from UEX Acquisition (Note 3) — 135 Investment in publicly listed companies 12,115 47,192 Sale of investment in public listed companies (3,008 ) (4,590 ) Fair value gain (loss) on equity securities (Note 19) 27,505 (13,083 ) Foreign exchange difference (4 ) (2 ) Balance, end of year 75,264 38,656 Current investment in equity securities (68,731 ) - Non-current investment in equity securities $ 6,533 $ 38,656 The cumulative revaluation adjustment since acquisition of the equity securities held as at July 31, 2024 |
Note 13 - Accounts Payable and
Note 13 - Accounts Payable and Accrued Liabilities | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | NOTE 13: ACCOUNTS PAYABLE AND ACCRUED LIABILITIES As at July 31, 2024 July 31, 2024 July 31, 2023 Trade payables $ 15,863 $ 5,576 Accrued purchases 2,977 2,467 Accrued payroll liabilities 4,098 2,482 $ 22,938 $ 10,525 |
Note 14 - Asset Retirement Obli
Note 14 - Asset Retirement Obligations | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Asset Retirement Obligation Disclosure [Text Block] | NOTE 14: ASSET RETIREMENT OBLIGATIONS Asset retirement obligations (“ARO”s) relate to future remediation and decommissioning activities at our Palangana Mine, Hobson Processing Facility, Reno Creek Project, Alto Paraná Titanium Project, Christensen Ranch Mine and Irigaray Processing Facility pursuant to the U1A July 31, 2024 July 31, 2023 Balance, beginning of year $ 18,670 $ 17,276 Accretion 988 949 Assumed from Roughrider Acquisition (Note 4) - 445 Assumed from UEX Acquisition (Note 3) - 211 Addition - 14 Liabilities settled in cash (33 ) (220 ) Foreign exchange difference - (5 ) Balance, end of year $ 19,625 $ 18,670 Current asset retirement obligations (2,953 ) (1,515 ) Non-current assets retirement obligations $ 16,672 $ 17,155 The estimated amounts and timing of cash flows and assumptions used for the ARO estimates are as follows: July 31, 2024 July 31, 2023 Undiscounted amount of estimated cash flows $ 29,030 $ 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% The undiscounted amounts of estimated cash flows for the next five Fiscal 2025 $ 2,953 Fiscal 2026 2,489 Fiscal 2027 2,509 Fiscal 2028 1,990 Fiscal 2029 2,319 Remaining balance 16,770 $ 29,030 |
Note 15 - Derivative Liabilitie
Note 15 - Derivative Liabilities | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Derivatives and Fair Value [Text Block] | NOTE 15: DERIVATIVE LIABILITIES On August 19, 2022, 3 As at July 31, 2024 2 July 31, 2024 July 31, 2023 Exercise Price in U.S. dollars 2.333 to3.2222 2.444 to3.3636 Exercise Price in Canadian dollars CAD$3.22 to CAD$4.44 CAD$3.22 to CAD$4.44 Expected Risk Free Interest Rate 5.42 % 5.25 % Expected Volatility 55.00 % 64.43 % Expected Life in Years 0.1 1.1 Expected Dividend Yield 0.00 % 0.00 % The movement in derivative liabilities during the period is as follows: July 31, 2024 July 31, 2023 Balance, beginning of year $ 4,313 $ — Derivative liabilities assumed from UEX Acquisition (Note 3) - 8,903 Exercise of Replacement Warrants (9,509 ) (1,297 ) Change in fair value 8,226 (3,293 ) Balance, end of year $ 3,030 $ 4,313 Current derivative liabilities (3,030 ) - Non-current derivative liabilities $ - $ 4,313 Subsequent to July 31, 2024, September 7, 2024. |
Note 16 - Capital Stock
Note 16 - Capital Stock | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Equity [Text Block] | NOTE 16: CAPITAL STOCK Equity Financing On May 17, 2021, 3 1933, June 1, 2021, “2021 “May 2021 2021 On May 14, 2021, “2021 2021 may, On November 26, 2021, 2021 May 2021 may, “November 2021 May 2021 “2021 On November 16, 2022, 3 “2022 “2022 2021 2022 On November 16, 2022, “2022 2022 may, During Fiscal 2022, During Fiscal 2023, During Fiscal 2024, Share Purchase Warrants A continuity schedule of outstanding share purchase warrants as at July 31, 2024 Number of Weighted Average Warrants Exercise Price Balance, July 31, 2021 5,387,323 $ 1.90 Exercised (1,771,869 ) 1.88 Balance, July 31, 2022 3,615,454 1.92 Issuance of Replacement Warrants (Note 3,15) 4,660,580 2.95 Exercised (4,359,086 ) 1.73 Expired (59,918 ) 1.80 Balance, July 31, 2023 3,857,030 3.31 Exercised (2,591,711 ) 3.13 Balance, July 31, 2024 1,265,319 $ 3.29 A summary of share purchase warrants outstanding and exercisable as at July 31, 2024 Weighted Average Exercise Price Number of Warrants Outstanding Weighted Average Remaining Contractual Life (Years) Expiry Date $ 3.16 1,083,501 0.10 September 7, 2024 4.13 181,818 1.68 April 5, 2026 $ 3.29 1,265,319 0.33 During Fiscal 2024 2023 2022 Subsequent to July 31, 2024, September 7, 2024 |
Note 17 - Stock-based Compensat
Note 17 - Stock-based Compensation | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | NOTE 17: STOCK-BASED COMPENSATION Stock Options During Fiscal 2024, 2023 2022, first three six 12, 2023, 2024 2022. 2023 three one third second third The fair value of these stock options was estimated at the date of grant, using the Black-Scholes Valuation Model, with the following weighted average assumptions: Year Ended July 31, 2024 (1) 2023 2022 Expected Risk Free Interest Rate 4.05 % 4.14 % 2.73 % Expected Volatility 78.83 % 79.43 % 78.75 % Expected Life in Years 5.00 4.90 4.96 Expected Dividend Yield 0 % 0 % 0 % Weighted-Average Grant Date Fair Value $ 3.71 $ 2.18 $ 2.45 ( 1 3. A continuity schedule of outstanding stock options as at July 31, 2024 Number of Stock Options Weighted Average Exercise Price Balance, July 31, 2021 10,404,333 $ 1.21 Granted 1,279,692 3.80 Exercised (2,728,498 ) 1.17 Expired (75,000 ) 2.50 Balance, July 31, 2022 8,880,527 1.58 Granted 3,507,004 2.46 Exercised (3,995,897 ) 1.63 Forfeited (24,651 ) 3.18 Expired (40,000 ) 1.53 Balance, July 31, 2023 8,326,983 1.92 Granted 483,461 5.62 Exercised (3,451,746 ) 1.33 Forfeited (203,359 ) 1.70 Expired (52,000 ) 2.62 Balance, July 31, 2024 5,103,339 $ 2.66 The table below sets forth the number of shares issued and cash received upon exercise of stock options: Year Ended July 31, 2024 2023 2022 Number of Options Exercised on Cash Basis 492,112 365,537 872,580 Number of Options Exercised on Non-Cash Basis 2,959,634 3,630,360 1,855,918 Total Number of Options Exercised 3,451,746 3,995,897 2,728,498 Number of Shares Issued on Cash Exercise 492,112 365,537 872,580 Number of Shares Issued on Non-Cash Basis 1,953,636 1,986,007 1,279,515 Total Number of Shares Issued Upon Exercise of Options 2,445,748 2,351,544 2,152,095 Cash Received from Exercise of Stock Options $ 681 $ 553 $ 934 Total Intrinsic Value of Options Exercised $ 19,137 $ 8,867 $ 8,336 A continuity schedule of outstanding unvested stock options at July 31, 2024 Number of Unvested Stock Options Weighted Average Grant-Date Fair Value Balance, July 31, 2021 3,891,207 $ 0.66 Granted 1,279,692 2.45 Vested (2,984,745 ) 0.59 Balance, July 31, 2022 2,186,154 1.79 Issuance of Replacement Options (Note 3) 2,301,750 1.75 Granted 1,205,254 2.18 Forfeited (24,651 ) 2.00 Vested (3,865,242 ) 1.66 Balance, July 31, 2023 1,803,265 2.28 Granted 483,461 3.71 Forfeited (24,400 ) 2.31 Vested (1,175,338 ) 2.35 Balance, July 31, 2024 1,086,988 $ 2.83 As at July 31, 2024 July 31, 2024 A summary of stock options outstanding and exercisable as at July 31, 2024 Options Outstanding Options Exercisable Range of Exercise Outstanding at Weighted Average Weighted Average Remaining Contractual Term Exercisable at Weighted Average Weighted Average Remaining Contractual Term Prices July 31, 2024 Exercise Price (Years) July 31, 2024 Exercise Price (Years) $0.91 to $0.99 1,440,500 $ 0.92 5.76 1,440,500 $ 0.92 5.76 $1.00 to $1.99 475,000 1.10 5.96 475,000 1.10 5.96 $2.00 to $2.99 537,149 2.26 6.92 537,149 2.26 6.92 $3.00 to $3.99 2,164,729 3.61 8.18 1,550,559 3.68 8.03 $4.00 to $4.99 7,500 4.56 8.81 2,500 4.48 8.67 $5.00 to $5.99 428,318 5.48 9.96 3,125 5.16 9.16 $6.00 to $6.99 40,143 6.70 9.63 5,018 6.70 9.63 $7.00 to $7.63 10,000 7.63 9.48 2,500 7.63 9.48 5,103,339 $ 2.66 7.32 4,016,351 $ 2.20 6.82 Restricted Stock Units During Fiscal 2024, 2023 2022, 2024, 2023 2022 three one third second third A continuity schedule of outstanding RSUs as at July 31, 2024 Number of Restricted Weighted Average Stock Units Grant Date Fair Value Balance, July 31, 2021 997,612 $ 1.42 Granted 346,790 4.03 Vested (508,368 ) 1.25 Balance, July 31, 2022 836,034 2.61 Granted 620,386 3.32 Vested (464,985 ) 2.02 Forfeited (11,935 ) 3.98 Balance, July 31, 2023 979,500 3.32 Granted 642,464 5.57 Vested (454,284 ) 3.14 Balance, July 31, 2024 1,167,680 $ 4.63 A summary of outstanding unvested RSUs as at July 31, 2024 Number of Restricted Grant Date Remaining Life Aggregate Intrinsic Grant Date Stock Units Fair Value (Years) Value May 01, 2022 19,608 $ 4.25 0.84 $ 116 July 29, 2022 92,015 3.98 1.08 546 July 31, 2023 413,593 3.32 2.08 2,453 Jan 02, 2024 1,166 6.44 2.51 7 Jan 22, 2024 8,919 7.63 0.56 53 Mar 13, 2024 2,288 6.49 0.70 14 Apr 01, 2024 20,000 7.07 2.75 119 Jul 26, 2024 610,091 5.49 3.07 3,618 1,167,680 $ 4.63 2.50 $ 6,926 During Fiscal 2024 2023 2022 Year Ended July 31, 2024 2023 2022 Number of RSUs vested 454,284 464,985 508,368 Number of net RSU shares issued 250,994 261,232 267,681 Number of RSU shares forfeited as payments of withholding amounts 203,290 203,753 240,687 During Fiscal 2024 2023 2022 As at July 31, 2024 Performance Based Restricted Stock Units During Fiscal 2024, 2023 2022, X three These PRSUs have a market condition considered in the determination of the fair value such that the ultimate number of PRSUs that vest will be determined by the Company’s share performance relative to the Global X not one no The fair values of the Target PRSUs granted were valued using the Monte Carlo Simulation Model at the date of grant with the following principal assumptions. Year Ended July 31, 2024 2023 2022 Expected Risk Free Interest Rate 4.20 % 4.52 % 2.80 % Expected Volatility 73.50 % 84.56 % 90.90 % Expected Dividend Yield 0 % 0 % 0 % Expected Life in Years 3.00 3.00 3.00 Correlation 83.80 % 81.22 % 76.89 % Grant Price $ 5.49 $ 3.32 $ 3.98 Grant Date Fair Value $ 5.41 $ 3.35 $ 4.80 A continuity schedule of unvested PRSUs as at July 31, 2024 Number of Unvested Weighted Average Grant Date PRSUs Fair Value Balance, July 31, 2021 1,250,451 $ 1.67 Granted 241,632 4.80 Vested (757,501 ) 1.15 Balance, July 31, 2022 734,582 3.24 Granted 551,923 3.35 Balance, July 31, 2023 1,286,505 3.29 Granted 718,308 5.41 Vested (492,950 ) 2.48 Balance, July 31, 2024 1,511,863 $ 4.56 During Fiscal 2024 2023 2022 July 31, 2024 Stock-Based Compensation A summary of stock-based compensation expense for Fiscal 2024 2023 2022 Year Ended July 31, 2024 2023 2022 Stock-Based Compensation for Consultants Common stock issued to consultants $ - $ 445 $ 770 Amortization of stock option expenses 347 561 220 Amortization of RSU expenses 41 - - 388 1,006 990 Stock-Based Compensation for Management Common stock issued to management - - - Amortization of stock option expenses 611 400 471 Amortization of RSU and PRSU expenses 2,399 1,370 1,035 3,010 1,770 1,506 Stock-Based Compensation for Employees Common stock issued to employees - 888 1,187 Amortization of stock option expenses 1,682 1,727 960 Amortization of RSU expenses 92 132 38 1,774 2,747 2,185 $ 5,172 $ 5,523 $ 4,681 |
Note 18 - Sales and Service Rev
Note 18 - Sales and Service Revenue and Cost of Sales and Services | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 18: SALES AND SERVICE REVENUE AND COST OF SALES AND SERVICES The table below provides a breakdown of sales and service revenue and cost of sales and service revenue: Year Ended July 31, 2024 2023 2022 Sales of purchased uranium inventory $ - $ 163,950 $ 22,946 Revenue from toll processing services 224 439 215 Total sales and service revenue $ 224 $ 164,389 $ 23,161 Cost of purchased uranium inventory $ - $ (114,353 ) $ (15,689 ) Cost of toll processing services (187 ) (366 ) (179 ) Total cost of sales and services $ (187 ) $ (114,719 ) $ (15,868 ) The table below provides a breakdown of major customers: Year Ended July 31, 2024 2023 Customer A 0 % 22 % Customer B 0 % 16 % Customer C 0 % 13 % Customer D 0 % 12 % Customer E 0 % 11 % Customer F 0 % 7 % Customer G 0 % 3 % Others 100 % 16 % 100 % 100 % |
Note 19 - Fair Value Gain (Loss
Note 19 - Fair Value Gain (Loss) on Equity Securities | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Investments in Debt and Equity Instruments, Cash and Cash Equivalents, Unrealized and Realized Gains (Losses) [Text Block] | NOTE 19: FAIR VALUE GAIN (LOSS) ON EQUITY SECURITIES Fair value gain (loss) on equity securities consisted of the following: Year Ended July 31, 2024 2023 2022 Unrealized and realized gain (loss) from common shares and warrants of publicly listed companies $ 27,505 $ (11,999 ) $ (1,351 ) Realized loss from investment in UEX shares transferred as consideration for UEX Acquisition - (1,084 ) - Total $ 27,505 $ (13,083 ) $ (1,351 ) Our investments in equity securities are Level 1 |
Note 20 - General and Administr
Note 20 - General and Administrative Expenses | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
General and Administrative Expenses [Text Block] | NOTE 20: GENERAL AND ADMINISTRATIVE EXPENSES The table below provides a breakdown of general and administrative expenses: Year Ended July 31, 2024 2023 2022 Salaries and management fees $ 7,705 $ 5,168 $ 4,281 Office, investor relations, communication, insurance and travel 5,807 6,801 4,501 Foreign exchange (gain) loss (151 ) 71 317 Professional fees 3,340 2,609 1,387 Sub-total 16,701 14,649 10,486 Stock-based compensation 5,172 5,415 4,540 Total general and administrative expenses $ 21,873 $ 20,064 $ 15,026 |
Note 21 - Net Income (Loss) Per
Note 21 - Net Income (Loss) Per Share | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 21: NET INCOME (LOSS) PER SHARE The following table reconciles the weighted average number of shares used in the computation of basic and diluted income (loss) per share for Fiscal 2024 2023 2022 Year Ended July 31, Numerator 2024 2023 2022 Net Income (Loss) for the Year $ (29,221 ) $ (3,307 ) $ 5,252 Denominator Basic Weighted Average Number of Shares 397,309,780 364,789,621 271,019,472 Dilutive Effect of Stock Awards and Warrants - - 9,082,601 Diluted Weighted Average Number of Shares 397,309,780 364,789,621 280,102,073 Net Income (Loss) Per Share - Basic $ (0.07 ) $ (0.01 ) $ 0.02 Net Income (Loss) Per Share - Diluted $ (0.07 ) $ (0.01 ) $ 0.02 For Fiscal 2024 2023, |
Note 22 - Income Taxes
Note 22 - Income Taxes | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 22: INCOME TAXES A reconciliation of income tax computed at the federal and state statutory tax rates including the Company’s effective tax rate is as follows: Year Ended July 31, 2024 2023 2022 Federal income tax provision rate 21.00 % 21.00 % 21.00 % State income tax provision rate, net of federal income tax effect 2.89 % 2.89 % 2.95 % Total income tax provision rate 23.89 % 23.89 % 23.95 % The actual income tax provisions differ from the expected amounts calculated by applying the combined federal and state corporate income tax rates to our loss before income taxes. The components of these differences are as follows: Year Ended July 31, 2024 2023 2022 Income (Loss) before income taxes $ (34,255 ) $ (2,437 ) $ 5,247 Corporate tax rate 23.89 % 23.89 % 23.95 % Expected tax expense (recovery) (8,184 ) (582 ) 1,257 Increase (decrease) resulting from Foreign tax rate differences (151 ) (83 ) 158 Permanent differences 4,155 1,486 (326 ) Prior year true-up (81 ) (464 ) 6 Change in state tax rate 77 (182 ) (460 ) Foreign exchange rate differences (1,231 ) 1,687 (4 ) Other - 1,138 188 Change in valuation allowance 381 (2,130 ) (824 ) Deferred tax expense (recovery) $ (5,034 ) $ 870 $ (5 ) We have incurred taxable losses for all years since inception and, accordingly, no As at July 31, 2024 not The components of income (loss) from operations before income taxes, by tax jurisdiction, are as follows: Year Ended July 31, 2024 2023 2023 United States $ (13,928 ) $ 5,192 $ 6,054 Canada (19,468 ) (6,720 ) 268 Paraguay (859 ) (909 ) (1,075 ) $ (34,255 ) $ (2,437 ) $ 5,247 The Company’s deferred tax assets (liabilities) are as follows: July 31, 2024 July 31, 2023 Deferred tax assets (liabilities) Mineral properties $ 2,107 $ 2,191 Exploration costs 6,176 1,774 Stock option expense 2,448 3,628 Depreciable property 1,098 1,115 Inventories 334 (3,909 ) Asset retirement obligations 4,267 3,130 Investment in equity securities (3,351 ) 465 Equity accounted for investment (4,190 ) (3,906 ) Other (3,643 ) 1,052 Section 163(j) interest expense carry forwards 3,307 4,160 Loss carry forwards 72,214 68,661 80,767 78,361 Valuation allowance (78,741 ) (78,361 ) Deferred tax assets 2,026 - Deferred tax liabilities Mineral properties (66,373 ) (71,080 ) Net deferred tax liabilities $ (64,347 ) $ (71,080 ) The Company’s U.S. net operating loss carry-forwards expire as follows: July 31, 2025 $ 2,398 July 31, 2026 4,703 July 31, 2027 3,171 July 31, 2028 2,798 July 31, 2029 10,332 Between July 31, 2030 and 2037 155,228 No expiry 116,754 $ 295,384 For U.S. federal income tax purposes, a change in ownership under IRC Section 382 382 The Company’s Canadian net operating loss carry-forwards in Canadian dollars expire as follows: July 31, 2027 $ 133 July 31, 2028 456 July 31, 2029 557 July 31, 2030 553 July 31, 2031 759 Remaining balance 8,300 $ 10,758 |
Note 23 - Segment Information
Note 23 - Segment Information | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | NOTE 23: SEGMENT INFORMATION During the fourth 2024, four Segment results for the prior periods have been updated to reflect the change in reportable segments. The tables below provide financial information relating to the Company’s segments. All intercompany transactions have been eliminated. Year ended July 31, 2024 Sales and service revenue Depreciation, amortization and accretion Income (loss) from equity-accounted investment Income (loss) before income taxes Total assets Equity-Accounted Investments Long-lived assets other than financial instruments Total expenditures for additions to long-lived assets Mining Wyoming $ 224 $ 1,584 $ - $ (14,741 ) $ 169,740 $ - $ 162,816 $ 646 Texas - 500 - (12,912 ) 23,776 - 21,028 408 Saskatchewan - 84 - (13,247 ) 378,368 - 377,550 2,281 Others - 4 - (916 ) 20,789 - 20,397 119 Corporate and administrative - 11 1,017 7,561 297,155 58,809 200 3 Consolidated $ 224 $ 2,183 $ 1,017 $ (34,255 ) $ 889,828 $ 58,809 $ 581,991 $ 3,457 Year ended July 31, 2023 Sales and service revenue Depreciation, amortization and accretion Income (loss) from equity-accounted investment Income (loss) before income taxes Total asset Equity-Accounted Investments Long-lived assets other than financial instruments Total expenditures for additions to long-lived assets Mining Wyoming $ 439 $ 1,526 $ - $ (9,142 ) $ 169,706 $ - $ 162,448 $ 62 Texas - 460 - (8,429 ) 23,500 - 20,710 355 Saskatchewan - 3 - (6,842 ) 386,356 - 384,728 386,684 Others - 6 - (1,619 ) 20,658 - 20,288 100 Corporate and administrative 163,950 12 (994 ) 23,595 137,369 48,110 193 15 Consolidated $ 164,389 $ 2,007 $ (994 ) $ (2,437 ) $ 737,589 $ 48,110 $ 588,367 $ 387,216 Year ended July 31, 2022 Sales and service revenue Depreciation, amortization and accretion Income (loss) from equity-accounted investment Income (loss) before income taxes Total asset Equity-Accounted Investments Long-lived assets other than financial instruments Total expenditures for additions to long-lived assets Mining Wyoming $ 215 $ 983 $ - $ (5,320 ) $ 170,115 $ - $ 163,149 $ 13 Texas - 375 - (7,962 ) 24,608 - 21,259 591 Saskatchewan - - - (5 ) 982 - 982 435 Others - 6 - (1,589 ) 20,675 - 20,195 638 Corporate and administrative 22,946 15 4,126 20,123 137,867 24,177 209 8 Consolidated $ 23,161 $ 1,379 $ 4,126 $ 5,247 $ 354,247 $ 24,177 $ 205,794 $ 1,685 |
Note 24 - Subsequent Event
Note 24 - Subsequent Event | 12 Months Ended |
Jul. 31, 2024 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 24: SUBSEQUENT EVENT Acquisition of Wyoming project On September 20, 2024, The consideration for the Acquisition payable at closing of the Stock Purchase Agreement is $175 million in cash, subject to customary working capital adjustments as provided for in the Stock Purchase Agreement, with closing expected to occur in the first 2025. Upon completion of the Acquisition, the Company will arrange to replace approximately $25 million in surety bonds securing future reclamation costs relating to the Project. In addition, from and after the completion of the Acquisition the Company and the Buyer shall continue to indemnify the Seller from most of the liabilities associated with the Project. The closing of the Acquisition is subject to certain conditions customary for an Acquisition of this nature, including that the Wyoming Nuclear Regulator shall have preliminarily approved the application for the transfer of a Radioactive Materials License to the Buyer, and the same shall not Other subsequent events Except as disclosed elsewhere in these financial statements, subsequent to July 31, 2024, ● we received gross proceeds of approximately $55 million from the sale of certain of our investment in equity securities as at September 26, 2024; ● we entered into an agreement to sell 100,000 pounds of our physical uranium inventory at a price of $80.25 per pound and with a settlement date on or about October 18, 2024. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Jul. 31, 2024 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation and Principles of Consolidation These consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) and are presented in thousands of United States dollars. All inter-company transactions and balances have been eliminated upon consolidation. |
Oil and Gas, Capitalized Exploratory Well Cost [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”) and our 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 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 |
Business Combinations Policy [Policy Text Block] | Business Combination and Asset Acquisition The Company performs a screen test as required under U.S. GAAP to determine whether a transaction is an asset acquisition. If substantially all of the fair value of gross assets acquired is concentrated in a single identifiable asset (or a group of similar identifiable assets), the assets acquired would not not not When an acquisition is accounted for as a business combination, we recognize and measure the assets acquired and liabilities assumed based on their estimated fair values at the acquisition date, while transaction costs related to business combinations are expensed as incurred. An income, market or cost valuation method may not one not |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make judgements, estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported revenues and expenses during the reported periods. Areas requiring significant judgements, estimates and assumptions include the valuation of acquired mineral rights and properties and equity-accounted investments, existence of impairment indicators for the Company’s long-lived assets, valuation and measurement of impairment losses on mineral rights and properties, valuation of recoverability of a credit loss, valuation of asset retirement obligations, and valuation of stock options, share purchase warrants and stock-based compensation. Other areas requiring estimates include allocations of expenditures to inventories, depletion and amortization of mineral rights and properties and depreciation of property, plant and equipment. Actual results could differ significantly from those estimates and assumptions. |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation The functional currency of our Company, including its subsidiaries, is the United States dollar, except for UEX Corporation, whose functional currency is the Canadian dollar. In accordance with ASC 830: |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents Cash and cash equivalents consist of bank deposits and term deposits with an original maturity of three |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value Measurement Fair value accounting establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 3 The three ● Level 1 ● Level 2 not ● Level 3 no The financial instruments, including cash and cash equivalents, accounts and other receivables, restricted cash, accounts payable and accrued liabilities, are carried at cost, which approximate their fair values due to the immediate or short-term maturity. Investment in equity securities (level 1 2 |
Inventory, Policy [Policy Text Block] | Inventories Inventories are comprised of supplies, work-in-progress and uranium concentrates (“U 3 8 Inventories are carried at the lower of cost or net realizable value and are charged to cost of sales using the average costing method. |
Equity Method Investments [Policy Text Block] | Equity Investments Investments in an entity in which our ownership is greater than 20% 50%, 50/50 not 323: Additionally, we hold certain equity investments in entities that we do not 321 |
Other Non-current Asset, Policy [Policy Text Block] | Other Non-Current Assets Other non-current assets include future expenditures that we have paid in advance but will not one not |
Mineral Rights,Policy [Policy Text Block] | Mineral Rights Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves, as defined by the SEC under S-K 1300, Where proven and probable reserves have been established, the project’s capitalized expenditures are depleted over proven and probable reserves using the units-of-production method upon commencement of production. Where proven and probable reserves have not not |
Property, Plant and Equipment, Policy [Policy Text Block] | Property, Plant and Equipment Property, plant and equipment are recorded at cost and depreciated to their estimated residual values using the straight-line method over their estimated useful lives, as follows: ● Plant and processing facilities: 10 to 21 years; ● Mining and logging equipment and vehicles: 5 to 10 years; ● Computer equipment: 3 years; ● Furniture and fixtures: 5 years; and ● Buildings: 20 years. |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets Long-lived assets including mineral rights and properties and property, plant and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset or asset group may not may not not not |
Income Tax, Policy [Policy Text Block] | Income Taxes We account for income taxes under the asset and liability method which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities. We provide a valuation allowance on deferred tax assets unless it is more likely than not |
Asset Retirement Obligation [Policy Text Block] | Restoration and Remediation Costs (Asset Retirement Obligations) Various federal and state mining laws and regulations require our Company to reclaim the surface areas and restore underground water quality to the pre-existing quality or class of use after the completion of mining. We recognize the present value of the future restoration and remediation costs as an asset retirement obligation in the period in which we incur an obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development and/or normal use of the assets. Asset retirement obligations consist of estimated final well closure, plant and equipment decommissioning and removal and environmental remediation costs to be incurred by our Company in the future. The asset retirement obligation is estimated based on the current costs escalated at an inflation rate and discounted at a credit adjusted risk-free rate at inception. The asset retirement obligations are capitalized as part of the costs of the underlying assets and amortized over its remaining useful life. The asset retirement obligations are accreted to an undiscounted value until they are settled. The accretion expenses are charged to earnings and the actual retirement costs are recorded against the asset retirement obligations when incurred. Any difference between the recorded asset retirement obligations and the actual retirement costs incurred will be recorded as a gain or loss in the period of settlement. |
Debt, Policy [Policy Text Block] | Long-Term Debt Long-Term Debt is carried at amortized cost. Debt issuance costs, debt premiums and discounts and annual fees are included in the long-term debt balance and amortized using the effective interest rate over the contractual terms of the Long-Term Debt. |
Lessee, Leases [Policy Text Block] | Leases We determine if a contractual arrangement represents or contains a lease at inception. Operating leases with lease terms greater than 12 Operating and finance lease ROU assets and lease liabilities are recognized based on the present value of the future lease payments over the lease term at the commencement date. When the rate implicit to the lease cannot be readily determined, we utilize the incremental borrowing rate in determining the present value of the future lease payments. The incremental borrowing rate is the rate of interest our Company would have to pay to borrow on a collateralized basis over a similar term and the amount equal to the lease payments in a similar economic environment. The operating lease expenses are recognized on a straight-line basis over the lease term and included in general and administration expenses. Short-term leases, which have an initial term of 12 not We have lease arrangements that include both lease and non-lease components. We account for each separate lease component and its associated non-lease components as a single lease component for all of our asset classes. |
Revenue [Policy Text Block] | Revenue Recognition Our revenues are primarily derived from the sale of U 3 8 3 8 |
Share-Based Payment Arrangement [Policy Text Block] | Stock-Based Compensation We measure stock-based awards at fair value on the date of the grant and expense the awards over the requisite service period of employees or consultants. The fair value of stock options is determined using the Black-Scholes Valuation Model. The fair value of restricted stock units (“RSU”s) is determined using the share price of the Company at the date of grant. The fair value of performance based restricted stock units (“PRSU”s) is determined using the Monte Carlo Simulation Model. Stock-based compensation expense related to stock option awards is recognized over the requisite service period on a graded vesting basis. Forfeitures are accounted for as they occur. The Company’s estimates may not |
Earnings Per Share, Policy [Policy Text Block] | Earnings (Loss) Per Common Share Basic earnings or loss per share includes no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements and Securities and Exchange Commission Rules In November 2023, 2023 07, 280 10 July 31, 2025, In December 2023, 2023 09, 740 December 15, 2024. In March 2024, 2024 02, not December 15, 2024, |
Note 3 - Acquisition of UEX C_2
Note 3 - Acquisition of UEX Corporation (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Year Ended July 31, 2024 (1) 2023 2022 Expected Risk Free Interest Rate 4.05 % 4.14 % 2.73 % Expected Volatility 78.83 % 79.43 % 78.75 % Expected Life in Years 5.00 4.90 4.96 Expected Dividend Yield 0 % 0 % 0 % Weighted-Average Grant Date Fair Value $ 3.71 $ 2.18 $ 2.45 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Expected Risk Free Interest Rate 2.93 % Annual Volatility 64.94 % Life in Years 4.94 Expected Annual Dividend Yield 0 % |
Asset Acquisition [Table Text Block] | Consideration paid UEC shares issued $ 171,271 Fair value of UEX shares acquired by UEC before acquisition 5,830 Replacement options issued 4,026 Replacement warrants issued 8,903 Acquisition related costs 2,643 Total consideration $ 192,673 Assets acquired and liabilities assumed Cash and cash equivalents $ 4,627 Prepaid expenses and deposits 159 Accounts receivable 892 Mineral rights and properties 208,008 Equity-accounted investment 24,502 Investment in equity securities 135 Other non-current assets 118 Total assets 238,441 Accounts payable and accrued liabilities 7,080 Other liabilities 111 Asset retirement obligations (Note 14) 211 Deferred tax liabilities 38,366 Total liabilities 45,768 Total net assets $ 192,673 |
Cash Flow on Acquisition [Table Text Block] | Cash acquired with the subsidiary $ 4,627 Acquisition related costs (2,643 ) Acquisition of UEX, net of cash acquired $ 1,984 |
UEX Acquisition [Member] | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Exercise Price in U.S. dollars 1.077 to3.9494 Exercise Price in Canadian dollars CA$1.39 to CA$5.12 Expected Risk Free Interest Rate 2.40% to 3.23% Expected Volatility 76.01% to 97.53% Expected Life in Years 0.12 to 1.0 Expected Dividend Yield 0.00 % |
Derivative Financial Instruments, Liabilities [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | July 31, 2024 July 31, 2023 Exercise Price in U.S. dollars 2.333 to3.2222 2.444 to3.3636 Exercise Price in Canadian dollars CAD$3.22 to CAD$4.44 CAD$3.22 to CAD$4.44 Expected Risk Free Interest Rate 5.42 % 5.25 % Expected Volatility 55.00 % 64.43 % Expected Life in Years 0.1 1.1 Expected Dividend Yield 0.00 % 0.00 % |
Derivative Financial Instruments, Liabilities [Member] | UEX Acquisition [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Exercise Price in U.S. dollars 1.111 to3.4242 Exercise Price in Canadian dollars CA$1.44 to CA$4.44 Expected Risk Free Interest Rate 3.18% to 3.23% Expected Volatility 90.98% to 101.52% Expected Life in Years 0.75 to 2.05 Expected Dividend Yield 0.00 % |
Note 4 - Acquisition of the R_2
Note 4 - Acquisition of the Roughrider Project (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Asset Acquisition [Table Text Block] | Consideration paid UEC shares issued $ 171,271 Fair value of UEX shares acquired by UEC before acquisition 5,830 Replacement options issued 4,026 Replacement warrants issued 8,903 Acquisition related costs 2,643 Total consideration $ 192,673 Assets acquired and liabilities assumed Cash and cash equivalents $ 4,627 Prepaid expenses and deposits 159 Accounts receivable 892 Mineral rights and properties 208,008 Equity-accounted investment 24,502 Investment in equity securities 135 Other non-current assets 118 Total assets 238,441 Accounts payable and accrued liabilities 7,080 Other liabilities 111 Asset retirement obligations (Note 14) 211 Deferred tax liabilities 38,366 Total liabilities 45,768 Total net assets $ 192,673 |
Cash Flow on Acquisition [Table Text Block] | Cash acquired with the subsidiary $ 4,627 Acquisition related costs (2,643 ) Acquisition of UEX, net of cash acquired $ 1,984 |
Roughrider Acquisition [Member] | |
Notes Tables | |
Asset Acquisition [Table Text Block] | Consideration paid Cash $ 80,000 Fair value of 17,805,815 3.60 64,101 Acquisition related costs 2,117 Total consideration paid $ 146,218 Assets acquired and liabilities assumed Mineral rights and properties $ 178,438 Total assets 178,438 Asset retirement obligations (Note 14) 445 Deferred tax liabilities 31,775 Total liabilities 32,220 Total net assets $ 146,218 |
Cash Flow on Acquisition [Table Text Block] | Cash paid $ (80,000 ) Acquisition related costs (2,117 ) Acquisition of Roughrider $ (82,117 ) |
Note 5 - Acquisition of Urani_2
Note 5 - Acquisition of Uranium One Americas, Inc. (Tables) - U1A Acquisition [Member] | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Consideration paid Cash $ 125,593 Working capital adjustment (1) 2,902 Total consideration paid $ 128,495 Assets acquired and liabilities assumed Cash & cash equivalents (1) 1,183 Prepaid expenses and deposits (1) 1,550 Other current assets (1) 73 Inventories (1) 192 Mineral rights and properties (2) 110,693 Property, plant and equipment (3) 13,004 Restricted cash 13,755 Debt receivable (4) - Other non-current assets (5) 1,613 Total assets 142,063 Accounts payable and accrued liabilities (1) 96 Other liabilities (5) 765 Asset retirement obligations (6) 12,707 Total liabilities 13,568 Total net assets $ 128,495 |
Business Acquisition, Pro Forma Information [Table Text Block] | Year Ended July 31, 2022 2021 Sales and service revenue $ 23,298 $ 192 Net income (loss) for the year 2,626 (21,945 ) |
Note 6 - Anfield Debt Settlem_2
Note 6 - Anfield Debt Settlement and Property Swap (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Expected Risk Free Interest Rate 2.93 % Annual Volatility 64.94 % Life in Years 4.94 Expected Annual Dividend Yield 0 % |
Note 7 - Inventories (Tables)
Note 7 - Inventories (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | July 31, 2024 July 31, 2023 Material and supplies $ 215 $ 228 Uranium concentrates from production 178 178 Purchased uranium inventories 75,440 5,801 $ 75,833 $ 6,207 |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | Purchase Commitments in Pounds Total Purchase Price Fiscal 2025 600,000 $ 23,120 Fiscal 2026 100,000 3,620 Total 700,000 $ 26,740 |
Note 8 - Mineral Rights and P_2
Note 8 - Mineral Rights and Properties (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule Of Mineral Rights and Property Acquisition Costs [Table Text Block] | Costs United States Canada Paraguay Total Balance at July 31, 2022 $ 172,340 $ 982 $ 15,014 $ 188,336 Additions 100 386,562 - 386,662 Impact of foreign currency translation - (2,937 ) - (2,937 ) Balance at July 31, 2023 172,440 384,607 15,014 572,061 Additions 100 1,340 - 1,440 Impact of foreign currency translation - (9,424 ) - (9,424 ) Balance at July 31, 2024 $ 172,540 $ 376,523 $ 15,014 $ 564,077 Accumulated Depletion, Amortization and Impairment United States Canada Paraguay Total Balance at July 31, 2022 $ (6,388 ) $ - $ - $ (6,388 ) Additions (1 ) - - (1 ) Impairment - (112 ) - (112 ) Balance at July 31, 2023 (6,389 ) (112 ) - (6,501 ) Impact of foreign currency translation - 7 - 7 Balance at July 31, 2024 $ (6,389 ) $ (105 ) $ - $ (6,494 ) Carrying Value Balance at July 31, 2023 $ 166,051 $ 384,495 $ 15,014 $ 565,560 Balance at July 31, 2024 $ 166,151 $ 376,418 $ 15,014 $ 557,583 |
Schedule Of Mineral Property Expenditures Incurred by Major Projects [Table Text Block] | Year Ended July 31, 2024 2023 2022 Permitting and compliance $ 1,895 $ 396 $ 676 Property maintenance 3,986 3,608 2,635 Exploration 14,669 9,308 2,582 Development 6,650 1,749 1,995 Production readiness 5,183 3,559 2,266 Total $ 32,383 $ 18,620 $ 10,154 |
Note 9 - Property, Plant and _2
Note 9 - Property, Plant and Equipment (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | July 31, 2024 July 31, 2023 Accumulated Net Book Accumulated Net Book Cost Depreciation Value Cost Depreciation Value Plant and Processing Facilities $ 19,346 $ (2,708 ) $ 16,638 $ 19,145 $ (1,998 ) $ 17,147 Mining Equipment 3,740 (2,523 ) 1,217 2,915 (2,478 ) 437 Logging Equipment and Vehicles 3,452 (2,222 ) 1,230 2,799 (1,989 ) 810 Computer Equipment 300 (287 ) 13 306 (280 ) 26 Furniture and Fixtures 243 (190 ) 53 198 (180 ) 18 Buildings 337 (103 ) 234 297 (87 ) 210 Land 1,080 - 1,080 1,080 - 1,080 $ 28,498 $ (8,033 ) $ 20,465 $ 26,740 $ (7,012 ) $ 19,728 |
Note 10 - Restricted Cash (Tabl
Note 10 - Restricted Cash (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Cash and Cash Equivalents and Restricted Cash [Table Text Block] | July 31, 2024 July 31, 2023 July 31, 2022 Cash and cash equivalents $ 87,533 $ 45,614 $ 32,536 Restricted cash 7,251 7,251 7,251 Total cash, cash equivalents and restricted cash $ 94,784 $ 52,865 $ 39,787 |
Note 11 - Equity-Accounted In_2
Note 11 - Equity-Accounted Investment (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Investment in URC JCU Total Balance, July 31, 2021 $ 20,730 $ - $ 20,730 Share of income 153 - 153 Gain on dilution of ownership interest 3,973 - 3,973 Foreign exchange difference (679 ) - (679 ) Balance, July 31, 2022 24,177 - 24,177 Addition from UEX Acquisition - 24,502 24,502 Capital contribution - 1,415 1,415 Share of income (loss) 414 (2,062 ) (1,648 ) Gain on dilution of ownership interest 654 - 654 Foreign exchange difference (634 ) (356 ) (990 ) Balance, July 31, 2023 24,611 23,499 48,110 Addition 9,238 - 9,238 Capital contribution - 2,876 2,876 Share of income (loss) 2,032 (1,439 ) 593 Gain on dilution of ownership interest 424 - 424 Foreign exchange difference (1,327 ) (1,105 ) (2,432 ) Balance, July 31, 2024 $ 34,978 $ 23,831 $ 58,809 |
Note 12 - Investments in Equi_2
Note 12 - Investments in Equity Securities (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Debt Securities, Trading, and Equity Securities, FV-NI [Table Text Block] | July 31, 2024 July 31, 2023 Balance, beginning of year $ 38,656 $ 14,834 Transferred as consideration for UEX Acquisition (Note 3) — (5,830 ) Acquired from UEX Acquisition (Note 3) — 135 Investment in publicly listed companies 12,115 47,192 Sale of investment in public listed companies (3,008 ) (4,590 ) Fair value gain (loss) on equity securities (Note 19) 27,505 (13,083 ) Foreign exchange difference (4 ) (2 ) Balance, end of year 75,264 38,656 Current investment in equity securities (68,731 ) - Non-current investment in equity securities $ 6,533 $ 38,656 |
Note 13 - Accounts Payable an_2
Note 13 - Accounts Payable and Accrued Liabilities (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | July 31, 2024 July 31, 2023 Trade payables $ 15,863 $ 5,576 Accrued purchases 2,977 2,467 Accrued payroll liabilities 4,098 2,482 $ 22,938 $ 10,525 |
Note 14 - Asset Retirement Ob_2
Note 14 - Asset Retirement Obligations (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Change in Asset Retirement Obligation [Table Text Block] | July 31, 2024 July 31, 2023 Balance, beginning of year $ 18,670 $ 17,276 Accretion 988 949 Assumed from Roughrider Acquisition (Note 4) - 445 Assumed from UEX Acquisition (Note 3) - 211 Addition - 14 Liabilities settled in cash (33 ) (220 ) Foreign exchange difference - (5 ) Balance, end of year $ 19,625 $ 18,670 Current asset retirement obligations (2,953 ) (1,515 ) Non-current assets retirement obligations $ 16,672 $ 17,155 |
Schedule Of Estimated Cash flow and Assumption Used For ARO [Table Text Block] | July 31, 2024 July 31, 2023 Undiscounted amount of estimated cash flows $ 29,030 $ 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 2025 $ 2,953 Fiscal 2026 2,489 Fiscal 2027 2,509 Fiscal 2028 1,990 Fiscal 2029 2,319 Remaining balance 16,770 $ 29,030 |
Note 15 - Derivative Liabilit_2
Note 15 - Derivative Liabilities (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Expected Risk Free Interest Rate 2.93 % Annual Volatility 64.94 % Life in Years 4.94 Expected Annual Dividend Yield 0 % |
Schedule of Derivative Instruments [Table Text Block] | July 31, 2024 July 31, 2023 Balance, beginning of year $ 4,313 $ — Derivative liabilities assumed from UEX Acquisition (Note 3) - 8,903 Exercise of Replacement Warrants (9,509 ) (1,297 ) Change in fair value 8,226 (3,293 ) Balance, end of year $ 3,030 $ 4,313 Current derivative liabilities (3,030 ) - Non-current derivative liabilities $ - $ 4,313 |
Derivative Financial Instruments, Liabilities [Member] | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | July 31, 2024 July 31, 2023 Exercise Price in U.S. dollars 2.333 to3.2222 2.444 to3.3636 Exercise Price in Canadian dollars CAD$3.22 to CAD$4.44 CAD$3.22 to CAD$4.44 Expected Risk Free Interest Rate 5.42 % 5.25 % Expected Volatility 55.00 % 64.43 % Expected Life in Years 0.1 1.1 Expected Dividend Yield 0.00 % 0.00 % |
Note 16 - Capital Stock (Tables
Note 16 - Capital Stock (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule Of Share based Compensation Warrants Activity [Table Text Block] | Number of Weighted Average Warrants Exercise Price Balance, July 31, 2021 5,387,323 $ 1.90 Exercised (1,771,869 ) 1.88 Balance, July 31, 2022 3,615,454 1.92 Issuance of Replacement Warrants (Note 3,15) 4,660,580 2.95 Exercised (4,359,086 ) 1.73 Expired (59,918 ) 1.80 Balance, July 31, 2023 3,857,030 3.31 Exercised (2,591,711 ) 3.13 Balance, July 31, 2024 1,265,319 $ 3.29 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Weighted Average Exercise Price Number of Warrants Outstanding Weighted Average Remaining Contractual Life (Years) Expiry Date $ 3.16 1,083,501 0.10 September 7, 2024 4.13 181,818 1.68 April 5, 2026 $ 3.29 1,265,319 0.33 |
Note 17 - Stock-based Compens_2
Note 17 - Stock-based Compensation (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Year Ended July 31, 2024 (1) 2023 2022 Expected Risk Free Interest Rate 4.05 % 4.14 % 2.73 % Expected Volatility 78.83 % 79.43 % 78.75 % Expected Life in Years 5.00 4.90 4.96 Expected Dividend Yield 0 % 0 % 0 % Weighted-Average Grant Date Fair Value $ 3.71 $ 2.18 $ 2.45 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Number of Stock Options Weighted Average Exercise Price Balance, July 31, 2021 10,404,333 $ 1.21 Granted 1,279,692 3.80 Exercised (2,728,498 ) 1.17 Expired (75,000 ) 2.50 Balance, July 31, 2022 8,880,527 1.58 Granted 3,507,004 2.46 Exercised (3,995,897 ) 1.63 Forfeited (24,651 ) 3.18 Expired (40,000 ) 1.53 Balance, July 31, 2023 8,326,983 1.92 Granted 483,461 5.62 Exercised (3,451,746 ) 1.33 Forfeited (203,359 ) 1.70 Expired (52,000 ) 2.62 Balance, July 31, 2024 5,103,339 $ 2.66 |
Cash Proceeds Received and Tax Benefit from Share-Based Payment Awards [Table Text Block] | Year Ended July 31, 2024 2023 2022 Number of Options Exercised on Cash Basis 492,112 365,537 872,580 Number of Options Exercised on Non-Cash Basis 2,959,634 3,630,360 1,855,918 Total Number of Options Exercised 3,451,746 3,995,897 2,728,498 Number of Shares Issued on Cash Exercise 492,112 365,537 872,580 Number of Shares Issued on Non-Cash Basis 1,953,636 1,986,007 1,279,515 Total Number of Shares Issued Upon Exercise of Options 2,445,748 2,351,544 2,152,095 Cash Received from Exercise of Stock Options $ 681 $ 553 $ 934 Total Intrinsic Value of Options Exercised $ 19,137 $ 8,867 $ 8,336 |
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, 2021 3,891,207 $ 0.66 Granted 1,279,692 2.45 Vested (2,984,745 ) 0.59 Balance, July 31, 2022 2,186,154 1.79 Issuance of Replacement Options (Note 3) 2,301,750 1.75 Granted 1,205,254 2.18 Forfeited (24,651 ) 2.00 Vested (3,865,242 ) 1.66 Balance, July 31, 2023 1,803,265 2.28 Granted 483,461 3.71 Forfeited (24,400 ) 2.31 Vested (1,175,338 ) 2.35 Balance, July 31, 2024 1,086,988 $ 2.83 |
Share-Based Payment Arrangement, Option, Exercise Price Range [Table Text Block] | Options Outstanding Options Exercisable Range of Exercise Outstanding at Weighted Average Weighted Average Remaining Contractual Term Exercisable at Weighted Average Weighted Average Remaining Contractual Term Prices July 31, 2024 Exercise Price (Years) July 31, 2024 Exercise Price (Years) $0.91 to $0.99 1,440,500 $ 0.92 5.76 1,440,500 $ 0.92 5.76 $1.00 to $1.99 475,000 1.10 5.96 475,000 1.10 5.96 $2.00 to $2.99 537,149 2.26 6.92 537,149 2.26 6.92 $3.00 to $3.99 2,164,729 3.61 8.18 1,550,559 3.68 8.03 $4.00 to $4.99 7,500 4.56 8.81 2,500 4.48 8.67 $5.00 to $5.99 428,318 5.48 9.96 3,125 5.16 9.16 $6.00 to $6.99 40,143 6.70 9.63 5,018 6.70 9.63 $7.00 to $7.63 10,000 7.63 9.48 2,500 7.63 9.48 5,103,339 $ 2.66 7.32 4,016,351 $ 2.20 6.82 |
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block] | Number of Restricted Weighted Average Stock Units Grant Date Fair Value Balance, July 31, 2021 997,612 $ 1.42 Granted 346,790 4.03 Vested (508,368 ) 1.25 Balance, July 31, 2022 836,034 2.61 Granted 620,386 3.32 Vested (464,985 ) 2.02 Forfeited (11,935 ) 3.98 Balance, July 31, 2023 979,500 3.32 Granted 642,464 5.57 Vested (454,284 ) 3.14 Balance, July 31, 2024 1,167,680 $ 4.63 |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number of Restricted Grant Date Remaining Life Aggregate Intrinsic Grant Date Stock Units Fair Value (Years) Value May 01, 2022 19,608 $ 4.25 0.84 $ 116 July 29, 2022 92,015 3.98 1.08 546 July 31, 2023 413,593 3.32 2.08 2,453 Jan 02, 2024 1,166 6.44 2.51 7 Jan 22, 2024 8,919 7.63 0.56 53 Mar 13, 2024 2,288 6.49 0.70 14 Apr 01, 2024 20,000 7.07 2.75 119 Jul 26, 2024 610,091 5.49 3.07 3,618 1,167,680 $ 4.63 2.50 $ 6,926 |
Schedule of Restricted Stock Units Activity [Table Text Block] | Year Ended July 31, 2024 2023 2022 Number of RSUs vested 454,284 464,985 508,368 Number of net RSU shares issued 250,994 261,232 267,681 Number of RSU shares forfeited as payments of withholding amounts 203,290 203,753 240,687 |
Schedule of Performance Based Restricted Stock Units, Valuation Assumptions [Table Text Block] | Year Ended July 31, 2024 2023 2022 Expected Risk Free Interest Rate 4.20 % 4.52 % 2.80 % Expected Volatility 73.50 % 84.56 % 90.90 % Expected Dividend Yield 0 % 0 % 0 % Expected Life in Years 3.00 3.00 3.00 Correlation 83.80 % 81.22 % 76.89 % Grant Price $ 5.49 $ 3.32 $ 3.98 Grant Date Fair Value $ 5.41 $ 3.35 $ 4.80 |
Schedule of Nonvested Performance-Based Units Activity [Table Text Block] | Number of Unvested Weighted Average Grant Date PRSUs Fair Value Balance, July 31, 2021 1,250,451 $ 1.67 Granted 241,632 4.80 Vested (757,501 ) 1.15 Balance, July 31, 2022 734,582 3.24 Granted 551,923 3.35 Balance, July 31, 2023 1,286,505 3.29 Granted 718,308 5.41 Vested (492,950 ) 2.48 Balance, July 31, 2024 1,511,863 $ 4.56 |
Share-Based Payment Arrangement, Cost by Plan [Table Text Block] | Year Ended July 31, 2024 2023 2022 Stock-Based Compensation for Consultants Common stock issued to consultants $ - $ 445 $ 770 Amortization of stock option expenses 347 561 220 Amortization of RSU expenses 41 - - 388 1,006 990 Stock-Based Compensation for Management Common stock issued to management - - - Amortization of stock option expenses 611 400 471 Amortization of RSU and PRSU expenses 2,399 1,370 1,035 3,010 1,770 1,506 Stock-Based Compensation for Employees Common stock issued to employees - 888 1,187 Amortization of stock option expenses 1,682 1,727 960 Amortization of RSU expenses 92 132 38 1,774 2,747 2,185 $ 5,172 $ 5,523 $ 4,681 |
Note 18 - Sales and Service R_2
Note 18 - Sales and Service Revenue and Cost of Sales and Services (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Revenue and Cost of Revenue [Table Text Block] | Year Ended July 31, 2024 2023 2022 Sales of purchased uranium inventory $ - $ 163,950 $ 22,946 Revenue from toll processing services 224 439 215 Total sales and service revenue $ 224 $ 164,389 $ 23,161 Cost of purchased uranium inventory $ - $ (114,353 ) $ (15,689 ) Cost of toll processing services (187 ) (366 ) (179 ) Total cost of sales and services $ (187 ) $ (114,719 ) $ (15,868 ) |
Schedules of Concentration of Risk, by Risk Factor [Table Text Block] | Year Ended July 31, 2024 2023 Customer A 0 % 22 % Customer B 0 % 16 % Customer C 0 % 13 % Customer D 0 % 12 % Customer E 0 % 11 % Customer F 0 % 7 % Customer G 0 % 3 % Others 100 % 16 % 100 % 100 % |
Note 19 - Fair Value Gain (Lo_2
Note 19 - Fair Value Gain (Loss) on Equity Securities (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Unrealized Gain (Loss) on Investments [Table Text Block] | Year Ended July 31, 2024 2023 2022 Unrealized and realized gain (loss) from common shares and warrants of publicly listed companies $ 27,505 $ (11,999 ) $ (1,351 ) Realized loss from investment in UEX shares transferred as consideration for UEX Acquisition - (1,084 ) - Total $ 27,505 $ (13,083 ) $ (1,351 ) |
Note 20 - General and Adminis_2
Note 20 - General and Administrative Expenses (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of General and Administrative Expenses [Table Text Block] | Year Ended July 31, 2024 2023 2022 Salaries and management fees $ 7,705 $ 5,168 $ 4,281 Office, investor relations, communication, insurance and travel 5,807 6,801 4,501 Foreign exchange (gain) loss (151 ) 71 317 Professional fees 3,340 2,609 1,387 Sub-total 16,701 14,649 10,486 Stock-based compensation 5,172 5,415 4,540 Total general and administrative expenses $ 21,873 $ 20,064 $ 15,026 |
Note 21 - Net Income (Loss) P_2
Note 21 - Net Income (Loss) Per Share (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Year Ended July 31, Numerator 2024 2023 2022 Net Income (Loss) for the Year $ (29,221 ) $ (3,307 ) $ 5,252 Denominator Basic Weighted Average Number of Shares 397,309,780 364,789,621 271,019,472 Dilutive Effect of Stock Awards and Warrants - - 9,082,601 Diluted Weighted Average Number of Shares 397,309,780 364,789,621 280,102,073 Net Income (Loss) Per Share - Basic $ (0.07 ) $ (0.01 ) $ 0.02 Net Income (Loss) Per Share - Diluted $ (0.07 ) $ (0.01 ) $ 0.02 |
Note 22 - Income Taxes (Tables)
Note 22 - Income Taxes (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | Year Ended July 31, 2024 2023 2022 Federal income tax provision rate 21.00 % 21.00 % 21.00 % State income tax provision rate, net of federal income tax effect 2.89 % 2.89 % 2.95 % Total income tax provision rate 23.89 % 23.89 % 23.95 % |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | Year Ended July 31, 2024 2023 2022 Income (Loss) before income taxes $ (34,255 ) $ (2,437 ) $ 5,247 Corporate tax rate 23.89 % 23.89 % 23.95 % Expected tax expense (recovery) (8,184 ) (582 ) 1,257 Increase (decrease) resulting from Foreign tax rate differences (151 ) (83 ) 158 Permanent differences 4,155 1,486 (326 ) Prior year true-up (81 ) (464 ) 6 Change in state tax rate 77 (182 ) (460 ) Foreign exchange rate differences (1,231 ) 1,687 (4 ) Other - 1,138 188 Change in valuation allowance 381 (2,130 ) (824 ) Deferred tax expense (recovery) $ (5,034 ) $ 870 $ (5 ) |
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] | Year Ended July 31, 2024 2023 2023 United States $ (13,928 ) $ 5,192 $ 6,054 Canada (19,468 ) (6,720 ) 268 Paraguay (859 ) (909 ) (1,075 ) $ (34,255 ) $ (2,437 ) $ 5,247 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | July 31, 2024 July 31, 2023 Deferred tax assets (liabilities) Mineral properties $ 2,107 $ 2,191 Exploration costs 6,176 1,774 Stock option expense 2,448 3,628 Depreciable property 1,098 1,115 Inventories 334 (3,909 ) Asset retirement obligations 4,267 3,130 Investment in equity securities (3,351 ) 465 Equity accounted for investment (4,190 ) (3,906 ) Other (3,643 ) 1,052 Section 163(j) interest expense carry forwards 3,307 4,160 Loss carry forwards 72,214 68,661 80,767 78,361 Valuation allowance (78,741 ) (78,361 ) Deferred tax assets 2,026 - Deferred tax liabilities Mineral properties (66,373 ) (71,080 ) Net deferred tax liabilities $ (64,347 ) $ (71,080 ) |
Summary of Operating Loss Carryforwards [Table Text Block] | July 31, 2025 $ 2,398 July 31, 2026 4,703 July 31, 2027 3,171 July 31, 2028 2,798 July 31, 2029 10,332 Between July 31, 2030 and 2037 155,228 No expiry 116,754 $ 295,384 July 31, 2027 $ 133 July 31, 2028 456 July 31, 2029 557 July 31, 2030 553 July 31, 2031 759 Remaining balance 8,300 $ 10,758 |
Note 23 - Segment Information (
Note 23 - Segment Information (Tables) | 12 Months Ended |
Jul. 31, 2024 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Year ended July 31, 2024 Sales and service revenue Depreciation, amortization and accretion Income (loss) from equity-accounted investment Income (loss) before income taxes Total assets Equity-Accounted Investments Long-lived assets other than financial instruments Total expenditures for additions to long-lived assets Mining Wyoming $ 224 $ 1,584 $ - $ (14,741 ) $ 169,740 $ - $ 162,816 $ 646 Texas - 500 - (12,912 ) 23,776 - 21,028 408 Saskatchewan - 84 - (13,247 ) 378,368 - 377,550 2,281 Others - 4 - (916 ) 20,789 - 20,397 119 Corporate and administrative - 11 1,017 7,561 297,155 58,809 200 3 Consolidated $ 224 $ 2,183 $ 1,017 $ (34,255 ) $ 889,828 $ 58,809 $ 581,991 $ 3,457 Year ended July 31, 2023 Sales and service revenue Depreciation, amortization and accretion Income (loss) from equity-accounted investment Income (loss) before income taxes Total asset Equity-Accounted Investments Long-lived assets other than financial instruments Total expenditures for additions to long-lived assets Mining Wyoming $ 439 $ 1,526 $ - $ (9,142 ) $ 169,706 $ - $ 162,448 $ 62 Texas - 460 - (8,429 ) 23,500 - 20,710 355 Saskatchewan - 3 - (6,842 ) 386,356 - 384,728 386,684 Others - 6 - (1,619 ) 20,658 - 20,288 100 Corporate and administrative 163,950 12 (994 ) 23,595 137,369 48,110 193 15 Consolidated $ 164,389 $ 2,007 $ (994 ) $ (2,437 ) $ 737,589 $ 48,110 $ 588,367 $ 387,216 Year ended July 31, 2022 Sales and service revenue Depreciation, amortization and accretion Income (loss) from equity-accounted investment Income (loss) before income taxes Total asset Equity-Accounted Investments Long-lived assets other than financial instruments Total expenditures for additions to long-lived assets Mining Wyoming $ 215 $ 983 $ - $ (5,320 ) $ 170,115 $ - $ 163,149 $ 13 Texas - 375 - (7,962 ) 24,608 - 21,259 591 Saskatchewan - - - (5 ) 982 - 982 435 Others - 6 - (1,589 ) 20,675 - 20,195 638 Corporate and administrative 22,946 15 4,126 20,123 137,867 24,177 209 8 Consolidated $ 23,161 $ 1,379 $ 4,126 $ 5,247 $ 354,247 $ 24,177 $ 205,794 $ 1,685 |
Note 1 - Nature of Operations (
Note 1 - Nature of Operations (Details Textual) - USD ($) $ in Thousands | Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 |
Working Capital | $ 206,022 | ||
Cash and Cash Equivalents, at Carrying Value | 87,533 | $ 45,614 | $ 32,536 |
Inventory, Net | 75,833 | $ 6,207 | |
Uranium Inventory [Member] | |||
Inventory, Net | $ 75,440 |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Details Textual) | Jul. 31, 2024 |
Plant and Processing Facilities [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 10 years |
Plant and Processing Facilities [Member] | Maximum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 21 years |
Mining and logging equipment and vehicles [Member] | Minimum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 5 years |
Mining and logging equipment and vehicles [Member] | Maximum [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 10 years |
Computer Equipment [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 3 years |
Furniture and Fixtures [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 5 years |
Building [Member] | |
Property, Plant and Equipment, Useful Life (Year) | 20 years |
Note 3 - Acquisition of UEX C_3
Note 3 - Acquisition of UEX Corporation (Details Textual) - UEX Acquisition [Member] $ in Thousands | Aug. 19, 2022 USD ($) shares | Jun. 30, 2022 USD ($) shares | Jun. 21, 2022 USD ($) shares | Jun. 21, 2022 $ / shares |
Number of Shares Acquired (in shares) | 6,844,000 | 11,627,907 | ||
Shares Acquired, Price Per Share (in CAD per share) | $ / shares | $ 0.43 | |||
Asset Acquisition, Consideration Transferred | $ | $ 192,673 | $ 1,914 | $ 3,867 | |
Asset Acquisition, Share Per Share to Holders | 0.09 | |||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Shares (in shares) | 48,518,745 | |||
Replacement Options [Member] | ||||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Shares (in shares) | 2,301,750 | |||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable | $ | $ 4,026 | |||
Replacement Warrants [Member] | ||||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable, Shares (in shares) | 4,660,580 | |||
Asset Acquisition, Consideration Transferred, Equity Interest Issued and Issuable | $ | $ 8,903 |
Note 3 - Acquisition of UEX C_4
Note 3 - Acquisition of UEX Corporation - Replacement Options Assumptions (Details) - UEX Acquisition [Member] - Replacement Options [Member] | Aug. 19, 2022 $ / shares |
Expected Dividend Yield | 0% |
Minimum [Member] | |
Exercise Price in U.S. dollars (in dollars per share) | $ 1.07 |
Expected Risk Free Interest Rate | 2.40% |
Expected Volatility | 76.01% |
Expected Life in Years (Year) | 1 month 13 days |
Maximum [Member] | |
Exercise Price in U.S. dollars (in dollars per share) | $ 3.94 |
Expected Risk Free Interest Rate | 3.23% |
Expected Volatility | 97.53% |
Expected Life in Years (Year) | 1 year |
Note 3 - Acquisition of UEX C_5
Note 3 - Acquisition of UEX Corporation - Replacement Warrant Assumptions (Details) | Jul. 31, 2024 $ / shares | Jul. 31, 2023 $ / shares | Aug. 19, 2022 $ / shares | Jul. 31, 2022 $ / shares | Jul. 31, 2021 $ / shares |
Exercise Price (in dollars per share) | $ 3.29 | $ 3.31 | $ 1.92 | $ 1.9 | |
Replacement Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||
Derivative, measurement input | 0.0542 | 0.0525 | |||
Replacement Warrants [Member] | Measurement Input, Price Volatility [Member] | |||||
Derivative, measurement input | 0.55 | 0.6443 | |||
Replacement Warrants [Member] | Measurement Input, Expected Term [Member] | |||||
Derivative, measurement input | 0.1 | 1.1 | |||
Replacement Warrants [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||
Derivative, measurement input | 0 | 0 | |||
Replacement Warrants [Member] | Minimum [Member] | |||||
Exercise Price (in dollars per share) | $ 2.33 | $ 2.44 | |||
Replacement Warrants [Member] | Maximum [Member] | |||||
Exercise Price (in dollars per share) | $ 3.22 | $ 3.36 | |||
Replacement Warrants [Member] | UEX Acquisition [Member] | Measurement Input, Expected Dividend Rate [Member] | |||||
Derivative, measurement input | 0 | ||||
Replacement Warrants [Member] | UEX Acquisition [Member] | Minimum [Member] | |||||
Exercise Price (in dollars per share) | $ 1.11 | ||||
Replacement Warrants [Member] | UEX Acquisition [Member] | Minimum [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||
Derivative, measurement input | 3.18 | ||||
Replacement Warrants [Member] | UEX Acquisition [Member] | Minimum [Member] | Measurement Input, Price Volatility [Member] | |||||
Derivative, measurement input | 90.98 | ||||
Replacement Warrants [Member] | UEX Acquisition [Member] | Minimum [Member] | Measurement Input, Expected Term [Member] | |||||
Derivative, measurement input | 0.75 | ||||
Replacement Warrants [Member] | UEX Acquisition [Member] | Maximum [Member] | |||||
Exercise Price (in dollars per share) | $ 3.42 | ||||
Replacement Warrants [Member] | UEX Acquisition [Member] | Maximum [Member] | Measurement Input, Risk Free Interest Rate [Member] | |||||
Derivative, measurement input | 3.23 | ||||
Replacement Warrants [Member] | UEX Acquisition [Member] | Maximum [Member] | Measurement Input, Price Volatility [Member] | |||||
Derivative, measurement input | 101.52 | ||||
Replacement Warrants [Member] | UEX Acquisition [Member] | Maximum [Member] | Measurement Input, Expected Term [Member] | |||||
Derivative, measurement input | 2.05 |
Note 3 - Acquisition of UEX C_6
Note 3 - Acquisition of UEX Corporation - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||||
Aug. 19, 2022 | Jun. 30, 2022 | Jun. 21, 2022 | Jul. 31, 2023 | Jul. 31, 2024 | Jul. 31, 2022 | Jul. 31, 2021 | |
UEC shares issued | $ 239,513 | ||||||
Cash and cash equivalents | 45,614 | $ 87,533 | $ 32,536 | ||||
Mineral rights and properties | 565,560 | 557,583 | |||||
Equity-accounted investment | 48,110 | 58,809 | 24,177 | $ 20,730 | |||
Equity Securities, FV-NI | 38,656 | 75,264 | 14,834 | ||||
Other non-current assets | 3,079 | 3,943 | |||||
Total assets | 737,589 | 889,828 | 354,247 | ||||
Asset retirement obligations (Note 14) | 18,670 | 19,625 | $ 17,276 | ||||
Deferred tax liabilities | 71,080 | 64,347 | |||||
Total liabilities | $ 105,762 | $ 111,715 | |||||
UEX Acquisition [Member] | |||||||
UEC shares issued | $ 171,271 | ||||||
Fair value of UEX shares acquired by UEC before acquisition | 5,830 | ||||||
Acquisition related costs | 2,643 | ||||||
Total consideration | 192,673 | $ 1,914 | $ 3,867 | ||||
Cash and cash equivalents | 4,627 | ||||||
Prepaid expenses and deposits | 159 | ||||||
Accounts receivable | 892 | ||||||
Mineral rights and properties | 208,008 | ||||||
Equity-accounted investment | 24,502 | ||||||
Equity Securities, FV-NI | 135 | ||||||
Other non-current assets | 118 | ||||||
Total assets | 238,441 | ||||||
Accounts payable and accrued liabilities | 7,080 | ||||||
Other liabilities | 111 | ||||||
Asset retirement obligations (Note 14) | 211 | ||||||
Deferred tax liabilities | 38,366 | ||||||
Total liabilities | 45,768 | ||||||
Total net assets | 192,673 | ||||||
UEX Acquisition [Member] | Replacement Options [Member] | |||||||
Replacement options issued | 4,026 | ||||||
UEX Acquisition [Member] | Replacement Warrants [Member] | |||||||
Replacement options issued | $ 8,903 |
Note 3 - Acquisition of UEX C_7
Note 3 - Acquisition of UEX Corporation - Cash Flow on Acquisition (Details) - UEX Acquisition [Member] $ in Thousands | Aug. 19, 2022 USD ($) |
Cash acquired with the subsidiary | $ 4,627 |
Acquisition related costs | (2,643) |
Acquisition of UEX, net of cash acquired | $ 1,984 |
Note 4 - Acquisition of the R_3
Note 4 - Acquisition of the Roughrider Project - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Oct. 14, 2022 | Jul. 31, 2023 | Jul. 31, 2024 | Jul. 31, 2022 | |
UEC shares issued | $ 239,513 | |||
Mineral rights and properties | 565,560 | $ 557,583 | ||
Total assets | 737,589 | 889,828 | $ 354,247 | |
Asset retirement obligations (Note 14) | 18,670 | 19,625 | $ 17,276 | |
Deferred tax liabilities | 71,080 | 64,347 | ||
Total liabilities | $ 105,762 | $ 111,715 | ||
Roughrider Acquisition [Member] | ||||
Cash | $ 80,000 | |||
UEC shares issued | 64,101 | |||
Acquisition related costs | 2,117 | |||
Total consideration | 146,218 | |||
Mineral rights and properties | 178,438 | |||
Total assets | 178,438 | |||
Asset retirement obligations (Note 14) | 445 | |||
Deferred tax liabilities | 31,775 | |||
Total liabilities | 32,220 | |||
Total net assets | $ 146,218 |
Note 4 - Acquisition of the R_4
Note 4 - Acquisition of the Roughrider Project - Assets Acquired and Liabilities Assumed (Details) (Parentheticals) - Roughrider Acquisition [Member] | Oct. 14, 2022 $ / shares shares |
Stock Issued During Period, Shares, Acquisitions | shares | 17,805,815 |
Shares Issued, Price Per Share | $ / shares | $ 3.6 |
Note 4 - Acquisition of the R_5
Note 4 - Acquisition of the Roughrider Project - Cash Flow on Acquisition (Details) - Roughrider Acquisition [Member] $ in Thousands | Oct. 14, 2022 USD ($) |
Cash paid | $ (80,000) |
Acquisition related costs | (2,117) |
Acquisition of UEX, net of cash acquired | $ (82,117) |
Note 5 - Acquisition of Urani_3
Note 5 - Acquisition of Uranium One Americas, Inc. (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 17, 2021 | Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | ||
Business Combination, Acquisition Related Costs | $ 0 | $ 0 | $ 3,444 | ||
U1A Acquisition [Member] | |||||
Business Combination, Consideration Transferred | $ 128,495 | 128,495 | |||
Business Combination, Acquisition Related Costs | 3,444 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | [1] | 1,183 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets | [1] | 1,550 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Other | [1] | 73 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory | [1] | 192 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable and Accrued Liabilities | [1] | 96 | |||
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual | 15,616 | ||||
Business Combination, Pro Forma Information, Operating Costs of Acquiree since Acquisition Date, Actual | $ 4,206 | ||||
[1]The working capital adjustment represents the working capital of U1A at the date of the U1A Acquisition, which was comprised of: (i) cash and cash equivalents of $1,183; (ii) prepaid expenses and deposits of $1,550; (iii) other current assets of $73; (iv) inventories of $192; and (v) accounts payable and accrued liabilities of $96. The fair value of these working capital items approximates their respective carrying values at the date of the acquisition. |
Note 5 - Acquisition of Urani_4
Note 5 - Acquisition of Uranium One Americas, Inc. - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 17, 2021 | Jul. 31, 2022 | Jul. 31, 2024 | Jul. 31, 2023 | ||
Asset retirement obligations (6) | $ 0 | $ 14 | |||
U1A Acquisition [Member] | |||||
Payments to Acquire Businesses, Gross | $ 125,593 | ||||
Working capital adjustment (1) | [1] | 2,902 | |||
Total consideration paid | $ 128,495 | 128,495 | |||
Cash & cash equivalents (1) | [1] | 1,183 | |||
Prepaid expenses and deposits (1) | [1] | 1,550 | |||
Other current assets (1) | [1] | 73 | |||
Inventories (1) | [1] | 192 | |||
Mineral rights and properties (2) | [2] | 110,693 | |||
Property, plant and equipment (3) | [3] | 13,004 | |||
Restricted cash | 13,755 | ||||
Debt receivable (4) | [4] | 0 | |||
Other non-current assets (5) | [5] | 1,613 | |||
Total assets | 142,063 | ||||
Accounts payable and accrued liabilities (1) | [1] | 96 | |||
Other liabilities (5) | [5] | 765 | |||
Asset retirement obligations (6) | 12,707 | ||||
Total liabilities | 13,568 | ||||
Total net assets | $ 128,495 | ||||
[1]The working capital adjustment represents the working capital of U1A at the date of the U1A Acquisition, which was comprised of: (i) cash and cash equivalents of $1,183; (ii) prepaid expenses and deposits of $1,550; (iii) other current assets of $73; (iv) inventories of $192; and (v) accounts payable and accrued liabilities of $96. The fair value of these working capital items approximates their respective carrying values at the date of the acquisition.[2]The fair value of mineral rights and properties was determined using the discounted cash flow model (being the net present value of expected future cash flows). Expected future cash flows are based on estimates of future uranium prices, production based on current estimates of recoverable mineral resources, future operating costs and capital expenditures and the discount rate. The Company’s estimates of recoverable mineral resources are based on information prepared by qualified persons (management’s specialists).[3]The fair value of property, plant and equipment was determined using a replacement cost approach.[4]Other non-current assets included certain material and supply inventories classified as non-current and ROU assets associated with U1A’s operating leases. The fair value of long-term inventory was determined to approximate its carrying value. ROU assets and lease liabilities for operating leases are measured based on the present value of the future lease payments over the remaining lease terms at the acquisition date.[5]The fair value of asset retirement obligations was measured based on the expected costs and timing for final well closure, plant and equipment decommissioning and removal, and environmental remediation, which are discounted to present value using credit adjusted risk-free rates. |
Note 5 - Acquisition of Urani_5
Note 5 - Acquisition of Uranium One Americas, Inc. - Pro Forma Information (Details) - U1A Acquisition [Member] - USD ($) $ in Thousands | 12 Months Ended | |
Jul. 31, 2022 | Jul. 31, 2021 | |
Sales and service revenue | $ 23,298 | $ 192 |
Net income (loss) for the year | $ 2,626 | $ (21,945) |
Note 6 - Anfield Debt Settlem_3
Note 6 - Anfield Debt Settlement and Property Swap (Details Textual) $ / shares in Units, $ in Thousands | 12 Months Ended | ||||||||
Jun. 07, 2022 USD ($) $ / shares shares | Apr. 19, 2022 USD ($) shares | Jul. 31, 2024 USD ($) $ / shares | Jul. 31, 2023 USD ($) $ / shares | Jul. 31, 2022 USD ($) $ / shares | Apr. 19, 2022 $ / shares shares | Dec. 17, 2021 USD ($) | Jul. 31, 2021 $ / shares | ||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in CAD per share) | $ / shares | $ 3.29 | $ 3.31 | $ 1.92 | $ 1.9 | |||||
Financing Receivable, Allowance for Credit Loss, Recovery | $ 0 | $ 0 | $ 18,342 | ||||||
Gain (Loss) on Settlement Debt Receivable | 0 | 0 | 1,780 | ||||||
Gain (Loss) on Disposition of Assets | $ (27) | $ 20 | 6,427 | ||||||
Swap Agreement [Member] | |||||||||
Swap Agreement, Fair Value Received | $ 6,500 | ||||||||
Swap Agreement, Carrying Value Exchanged | 92 | ||||||||
Swap Agreement, Surrender Value | 6,500 | ||||||||
Gain (Loss) on Disposition of Assets | $ 6,408 | ||||||||
Anfield Warrant [Member] | |||||||||
Warrants, Carrying Value Per Share (in dollars per share) | $ / shares | $ 0.03 | ||||||||
Anfield Energy, Inc. [Member] | |||||||||
Proceeds from Sale and Collection of Receivables | $ 9,171 | ||||||||
Debt Units Amount Received in Settlement of Indebtedness | $ 9,171 | ||||||||
Share Price (in dollars per share) | $ / shares | $ 0.08 | ||||||||
Anfield Energy, Inc. [Member] | Settlement Agreement [Member] | |||||||||
Proceeds from Sale and Collection of Receivables | $ 9,171 | ||||||||
Common Shares Received in Settlement of Indebtedness (in shares) | shares | 96,272,918 | ||||||||
Common Shares Received in Settlement of Indebtedness, Fair Value | $ 7,702 | ||||||||
Financing Receivable, Allowance for Credit Loss, Recovery | 18,342 | ||||||||
Cash Payments and Warrants, Fair Value | 20,122 | ||||||||
Gain (Loss) on Settlement Debt Receivable | 1,780 | ||||||||
Anfield Energy, Inc. [Member] | Anfield Warrant [Member] | |||||||||
Common Share Purchase Warrant, Per Debt Unit Contains (in shares) | shares | 1 | ||||||||
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares | 1 | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in CAD per share) | $ / shares | $ 0.18 | ||||||||
Anfield Energy, Inc. [Member] | Anfield Warrant [Member] | Settlement Agreement [Member] | |||||||||
Warrants Received in Settlement of Indebtedness (in shares) | shares | 96,272,918 | ||||||||
Warrants Received in Settlement of Indebtedness, Fair Value | $ 3,249 | ||||||||
Anfield Energy, Inc. [Member] | Anfield Common Shares [Member] | |||||||||
Common Share, Per Debt Unit Contains (in shares) | shares | 1 | ||||||||
U1A Acquisition [Member] | |||||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt Receivable | [1] | 0 | |||||||
U1A Acquisition [Member] | Anfield Energy, Inc. [Member] | |||||||||
Business Combination Recognized Identifiable Assets Acquired and Liabilities Assumed, Debt Receivable | $ 0 | $ 18,342 | |||||||
[1]Other non-current assets included certain material and supply inventories classified as non-current and ROU assets associated with U1A’s operating leases. The fair value of long-term inventory was determined to approximate its carrying value. ROU assets and lease liabilities for operating leases are measured based on the present value of the future lease payments over the remaining lease terms at the acquisition date. |
Note 6 - Anfield Debt Settlem_4
Note 6 - Anfield Debt Settlement and Property Swap - Fair Value Assumptions (Details) - Anfield Warrant [Member] | Jun. 07, 2022 |
Measurement Input, Risk Free Interest Rate [Member] | |
Warrants, measurement input | 2.93 |
Measurement Input, Price Volatility [Member] | |
Warrants, measurement input | 64.94 |
Measurement Input, Expected Term [Member] | |
Warrants, measurement input | 4.94 |
Measurement Input, Expected Dividend Rate [Member] | |
Warrants, measurement input | 0 |
Note 7 - Inventories (Details T
Note 7 - Inventories (Details Textual) | 2 Months Ended | |||
Oct. 18, 2024 lb | Sep. 28, 2024 USD ($) lb | Jul. 31, 2024 lb | Jul. 31, 2023 lb | |
Subsequent Event [Member] | ||||
Inventory, Decrease From Sales, Mass (Pound) | 100,000 | 110,000 | ||
Proceeds From Sale of Inventory | $ | $ 9,062 | |||
Uranium Inventory [Member] | Physical Uranium Program [Member] | ||||
Inventory, Balance , Mass (Pound) | 1,466,000 | 171,000 |
Note 7 - Inventories - Costs of
Note 7 - Inventories - Costs of Inventories (Details) - USD ($) $ in Thousands | Jul. 31, 2024 | Jul. 31, 2023 |
Material and supplies | $ 215 | $ 228 |
Inventory, Net | 75,833 | 6,207 |
Uranium Inventory [Member] | ||
Uranium concentrates from production | 178 | 178 |
Purchased uranium inventories | $ 75,440 | $ 5,801 |
Note 7 - Inventories - Uranium
Note 7 - Inventories - Uranium Inventory Purchase Commitments (Details) - Uranium Inventory [Member] $ in Thousands | Jul. 31, 2024 USD ($) lb |
Fiscal 2025 (Pound) | lb | 600,000 |
Fiscal 2025 | $ | $ 23,120 |
Fiscal 2026 (Pound) | lb | 100,000 |
Fiscal 2026 | $ | $ 3,620 |
Total, mass (Pound) | lb | 700,000 |
Total | $ | $ 26,740 |
Note 8 - Mineral Rights and P_3
Note 8 - Mineral Rights and Properties (Details Textual) $ in Millions | Jul. 31, 2024 USD ($) |
Annual Property Maintenance Fees | $ 3.8 |
Note 8 - Mineral Rights and P_4
Note 8 - Mineral Rights and Properties - Mineral Rights and Property Acquisition Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jul. 31, 2024 | Jul. 31, 2023 | |
Balance | $ 572,061 | $ 188,336 |
Additions | 1,440 | 386,662 |
Impact of foreign currency translation | (9,424) | (2,937) |
Balance | 564,077 | 572,061 |
Balance | (6,501) | (6,388) |
Additions | (1) | |
Impairment | (112) | |
Impact of foreign currency translation | 7 | |
Balance | (6,494) | (6,501) |
Balance | 565,560 | |
Balance | 557,583 | 565,560 |
UNITED STATES | ||
Balance | 172,440 | 172,340 |
Additions | 100 | 100 |
Impact of foreign currency translation | 0 | |
Balance | 172,540 | 172,440 |
Balance | (6,389) | (6,388) |
Additions | (1) | |
Impairment | 0 | |
Balance | (6,389) | (6,389) |
Balance | 166,051 | |
Balance | 166,151 | 166,051 |
CANADA | ||
Balance | 384,607 | 982 |
Additions | 1,340 | 386,562 |
Impact of foreign currency translation | (9,424) | (2,937) |
Balance | 376,523 | 384,607 |
Balance | (112) | 0 |
Additions | 0 | |
Impairment | (112) | |
Impact of foreign currency translation | 7 | |
Balance | (105) | (112) |
Balance | 384,495 | |
Balance | 376,418 | 384,495 |
PARAGUAY | ||
Balance | 15,014 | 15,014 |
Additions | 0 | 0 |
Impact of foreign currency translation | 0 | |
Balance | 15,014 | 15,014 |
Balance | 0 | 0 |
Additions | 0 | |
Impairment | 0 | |
Balance | 0 | 0 |
Balance | 15,014 | |
Balance | $ 15,014 | $ 15,014 |
Note 8 - Mineral Rights and P_5
Note 8 - Mineral Rights and Properties - Mineral Property Expenditures (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Permitting and compliance | $ 1,895 | $ 396 | $ 676 |
Property maintenance | 3,986 | 3,608 | 2,635 |
Exploration | 14,669 | 9,308 | 2,582 |
Development | 6,650 | 1,749 | 1,995 |
Production readiness | 5,183 | 3,559 | 2,266 |
Total | $ 32,383 | $ 18,620 | $ 10,154 |
Note 9 - Property, Plant and _3
Note 9 - Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Depreciation | $ 1,195 | $ 1,057 | $ 749 |
Note 9 - Property, Plant and _4
Note 9 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands | Jul. 31, 2024 | Jul. 31, 2023 |
Cost | $ 28,498 | $ 26,740 |
Accumulated Depreciation | (8,033) | (7,012) |
Net Book Value | 20,465 | 19,728 |
Plant and Processing Facilities [Member] | ||
Cost | 19,346 | 19,145 |
Accumulated Depreciation | (2,708) | (1,998) |
Net Book Value | 16,638 | 17,147 |
Mining Equipment [Member] | ||
Cost | 3,740 | 2,915 |
Accumulated Depreciation | (2,523) | (2,478) |
Net Book Value | 1,217 | 437 |
Logging Equipment and Vehicles [Member] | ||
Cost | 3,452 | 2,799 |
Accumulated Depreciation | (2,222) | (1,989) |
Net Book Value | 1,230 | 810 |
Computer Equipment [Member] | ||
Cost | 300 | 306 |
Accumulated Depreciation | (287) | (280) |
Net Book Value | 13 | 26 |
Furniture and Fixtures [Member] | ||
Cost | 243 | 198 |
Accumulated Depreciation | (190) | (180) |
Net Book Value | 53 | 18 |
Buildings [Member] | ||
Cost | 337 | 297 |
Accumulated Depreciation | (103) | (87) |
Net Book Value | 234 | 210 |
Land [Member] | ||
Cost | 1,080 | 1,080 |
Accumulated Depreciation | 0 | 0 |
Net Book Value | $ 1,080 | $ 1,080 |
Note 10 - Restricted Cash (Deta
Note 10 - Restricted Cash (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Jul. 31, 2022 | Jul. 31, 2024 | |
Proceeds From Release of Surety Bond Collateral | $ 8,550 | |
CANADA | ||
Cash Equivalents, at Carrying Value | $ 70,700 |
Note 10 - Restricted Cash - Cas
Note 10 - Restricted Cash - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 |
Cash and cash equivalents | $ 87,533 | $ 45,614 | $ 32,536 |
Restricted cash | 7,251 | 7,251 | 7,251 |
Total cash, cash equivalents and restricted cash | $ 94,784 | $ 52,865 | $ 39,787 |
Note 11 - Equity-Accounted In_3
Note 11 - Equity-Accounted Investment (Details Textual) - USD ($) | 12 Months Ended | |
Jul. 31, 2024 | Jul. 31, 2023 | |
Uranium Royalty Corp [Member] | ||
Equity Method Investment, Shares Owned (in shares) | 17,978,364 | |
Equity Method Investment, Ownership Percentage | 14.80% | 14.90% |
Ownership Interest Percentage, Contingent, Outstanding Options and Warrants Fully Exercised | 13.20% | |
Equity Method Investments, Fair Value Disclosure | $ 43,300,000 | $ 34,200,000 |
JCU (Canada) Exploration Company Limited [Member] | ||
Equity Method Investment, Ownership Percentage | 50% | |
Equity Method Investment, Recoverable Exploration Expenditures | $ 63,000 | 1,667 |
Equity Method Investment Amount Owed From JCU | $ 6,000 | |
Equity Method Investment, Amount Owed from Acquisition Company | $ 201,000 |
Note 11 - Equity-Accounted In_4
Note 11 - Equity-Accounted Investments - Equity-Accounted Investment (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Balance | $ 48,110 | $ 24,177 | $ 20,730 |
Share of income | 593 | (1,648) | 153 |
Gain on dilution of ownership interest | 424 | 654 | 3,973 |
Foreign exchange difference | (2,432) | (990) | (679) |
Addition from UEX Acquisition | 24,502 | ||
Capital contribution | 2,876 | 1,415 | |
Addition | 9,238 | 0 | 0 |
Balance | 58,809 | 48,110 | 24,177 |
Uranium Royalty Corp [Member] | |||
Balance | 24,611 | 24,177 | 20,730 |
Share of income | 2,032 | 414 | 153 |
Gain on dilution of ownership interest | 424 | 654 | 3,973 |
Foreign exchange difference | (1,327) | (634) | (679) |
Addition from UEX Acquisition | 0 | ||
Capital contribution | 0 | 0 | |
Addition | 9,238 | ||
Balance | 34,978 | 24,611 | 24,177 |
JCU (Canada) Exploration Company Limited [Member] | |||
Balance | 23,499 | 0 | 0 |
Share of income | (1,439) | (2,062) | 0 |
Gain on dilution of ownership interest | 0 | 0 | 0 |
Foreign exchange difference | (1,105) | (356) | 0 |
Addition from UEX Acquisition | 24,502 | ||
Capital contribution | 2,876 | 1,415 | |
Addition | 0 | ||
Balance | $ 23,831 | $ 23,499 | $ 0 |
Note 12 - Investments in Equi_3
Note 12 - Investments in Equity Securities (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |||
Jul. 31, 2024 | Jul. 31, 2023 | Aug. 19, 2022 | Jul. 31, 2022 | |
Equity Securities, FV-NI | $ 75,264 | $ 38,656 | $ 14,834 | |
Equity Securities, FV-NI, Unrealized Gain | $ 13,900 | |||
UEX Shares [Member] | ||||
Equity Securities, FV-NI | $ 5,830 | $ 6,914 |
Note 12 - Investments in Equi_4
Note 12 - Investments in Equity Securities - Changes in Investments in Equity Securities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Balance, beginning of year | $ 38,656 | $ 14,834 | |
Acquired from UEX Acquisition (Note 3) | 12,115 | 47,192 | $ 15,215 |
Sale of investment in public listed companies | (3,008) | (4,590) | (9,980) |
Fair value gain (loss) on equity securities (Note 19) | 27,505 | (13,083) | |
Foreign exchange difference | (4) | (2) | |
Balance | 75,264 | 38,656 | $ 14,834 |
Current investment in equity securities | (68,731) | 0 | |
Non-current investment in equity securities | 6,533 | 38,656 | |
Investment in Public Listed Companies [Member] | |||
Acquired from UEX Acquisition (Note 3) | 12,115 | 47,192 | |
Sale of investment in public listed companies | (3,008) | (4,590) | |
UEX Acquisition [Member] | |||
Transferred as consideration for UEX Acquisition (Note 3) | 0 | (5,830) | |
Acquired from UEX Acquisition (Note 3) | $ 0 | $ 135 |
Note 13 - Accounts Payable an_3
Note 13 - Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands | Jul. 31, 2024 | Jul. 31, 2023 |
Trade payables | $ 15,863 | $ 5,576 |
Accrued purchases | 2,977 | 2,467 |
Accrued payroll liabilities | 4,098 | 2,482 |
Accounts Payable and Accrued Liabilities, Current | $ 22,938 | $ 10,525 |
Note 14 - Asset Retirement Ob_3
Note 14 - Asset Retirement Obligations - Change in Asset Retirement Obligation (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jul. 31, 2024 | Jul. 31, 2023 | |
Balance, beginning of year | $ 18,670 | $ 17,276 |
Accretion | 988 | 949 |
Asset retirement obligations (6) | 0 | 14 |
Liabilities settled in cash | (33) | (220) |
Foreign exchange difference | 0 | (5) |
Balance | 19,625 | 18,670 |
Current asset retirement obligations | (2,953) | (1,515) |
Non-current assets retirement obligations | 16,672 | 17,155 |
Roughrider Acquisition [Member] | ||
Asset retirement obligations (6) | 0 | 445 |
UEX Acquisition [Member] | ||
Asset retirement obligations (6) | $ 0 | $ 211 |
Note 14 - Asset Retirement Ob_4
Note 14 - Asset Retirement Obligations - Estimated Amounts and Timing of Cash Flows and Assumptions Used for ARO Estimates (Details) $ in Thousands | Jul. 31, 2024 USD ($) | Jul. 31, 2023 USD ($) |
Undiscounted amount of estimated cash flows | $ 29,030 | $ 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 14 - Asset Retirement Ob_5
Note 14 - Asset Retirement Obligations - Undiscounted Amounts of Estimated Cash Flows for the Next Five Fiscal Years and Beyond (Details) $ in Thousands | Jul. 31, 2024 USD ($) |
Fiscal 2025 | $ 2,953 |
Fiscal 2026 | 2,489 |
Fiscal 2027 | 2,509 |
Fiscal 2028 | 1,990 |
Fiscal 2029 | 2,319 |
Remaining balance | 16,770 |
Undiscounted Amount of Estimated Cash Flows | $ 29,030 |
Note 15 - Derivative Liabilit_3
Note 15 - Derivative Liabilities (Details Textual) - USD ($) $ in Thousands | 2 Months Ended | 12 Months Ended | ||
Sep. 26, 2024 | Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Class of Warrant or Right Exercised (in shares) | (2,591,711) | 4,359,086 | 1,771,869 | |
Proceeds from Warrant Exercises | $ 8,119 | $ 7,554 | $ 3,589 | |
Class of Warrant or Right, Expired (in shares) | 59,918 | |||
Subsequent Event [Member] | Replacement Warrants [Member] | ||||
Class of Warrant or Right Exercised (in shares) | 1,043,172 | |||
Proceeds from Warrant Exercises | $ 3,387 | |||
Class of Warrant or Right, Expired (in shares) | 40,329 |
Note 15 - Derivative Liabilit_4
Note 15 - Derivative Liabilities - Assumptions (Details) | Jul. 31, 2024 $ / shares | Jul. 31, 2023 $ / shares | Jul. 31, 2022 $ / shares | Jul. 31, 2021 $ / shares |
Exercise Price (in dollars per share) | $ 3.29 | $ 3.31 | $ 1.92 | $ 1.9 |
Replacement Warrants [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||
Derivative, measurement input | 0.0542 | 0.0525 | ||
Replacement Warrants [Member] | Measurement Input, Price Volatility [Member] | ||||
Derivative, measurement input | 0.55 | 0.6443 | ||
Replacement Warrants [Member] | Measurement Input, Expected Term [Member] | ||||
Derivative, measurement input | 0.1 | 1.1 | ||
Replacement Warrants [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||
Derivative, measurement input | 0 | 0 | ||
Replacement Warrants [Member] | Minimum [Member] | ||||
Exercise Price (in dollars per share) | $ 2.33 | $ 2.44 | ||
Replacement Warrants [Member] | Maximum [Member] | ||||
Exercise Price (in dollars per share) | $ 3.22 | $ 3.36 |
Note 15 - Derivative Liabilit_5
Note 15 - Derivative Liabilities - Movement in Derivative Liabilities (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jul. 31, 2024 | Jul. 31, 2023 | |
Balance, beginning of year | $ 4,313 | $ 0 |
Derivative liabilities assumed from UEX Acquisition (Note 3) | 0 | 8,903 |
Exercise of Replacement Warrants | (9,509) | (1,297) |
Change in fair value | 8,226 | (3,293) |
Balance | 3,030 | 4,313 |
Current derivative liabilities | (3,030) | 0 |
Non-current derivative liabilities | $ 0 | $ 4,313 |
Note 16 - Capital Stock (Detail
Note 16 - Capital Stock (Details Textual) - USD ($) $ in Thousands | 2 Months Ended | 12 Months Ended | ||||||
Sep. 26, 2024 | Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | Nov. 16, 2022 | Nov. 26, 2021 | May 17, 2021 | May 14, 2021 | |
Proceeds from Warrant Exercises | $ 8,119 | $ 7,554 | $ 3,589 | |||||
Class of Warrant or Right Exercised (in shares) | (2,591,711) | 4,359,086 | 1,771,869 | |||||
Subsequent Event [Member] | Replacement Warrants [Member] | ||||||||
Proceeds from Warrant Exercises | $ 3,387 | |||||||
Class of Warrant or Right Exercised (in shares) | 1,043,172 | |||||||
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 | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | 26,375,699 | 15,171,253 | 47,507,536 | |||||
Proceeds from Issuance of Common Stock, Net | $ 171,738 | $ 59,816 | $ 167,588 | |||||
Payments of Stock Issuance Costs | $ 3,864 | 1,396 | 3,833 | |||||
November 2022 At-the-market Offering [Member] | ATM Managers [Member] | ||||||||
Payments of Stock Issuance Costs | $ 1,346 | $ 3,774 |
Note 16 - Capital Stock - Conti
Note 16 - Capital Stock - Continuity Schedule of Outstanding Share Purchase Warrants (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Balance, Number of Warrants (in shares) | 3,857,030 | 3,615,454 | 5,387,323 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 3.31 | $ 1.92 | $ 1.9 |
Exercised, Number of Warrants (in shares) | 2,591,711 | (4,359,086) | (1,771,869) |
Exercised, Weighted Average Exercise Price (in dollars per share) | $ 3.13 | $ 1.73 | $ 1.88 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 3.29 | $ 3.31 | $ 1.92 |
Issuance, Number of Warrants (in shares) | 4,660,580 | ||
Issued, Weighted Average Exercise Price (in dollars per share) | $ 2.95 | ||
Expired, Number of Warrants (in shares) | (59,918) | ||
Expired, Weighted Average Exercise Price (in dollars per share) | $ 1.8 | ||
Exercised, Number of Warrants (in shares) | (2,591,711) | 4,359,086 | 1,771,869 |
Balance, Number of Warrants (in shares) | 1,265,319 | 3,857,030 | 3,615,454 |
Note 16 - Capital Stock - Warra
Note 16 - Capital Stock - Warrants Outstanding and Exercisable (Details) - $ / shares | 12 Months Ended | |||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2021 | |
Exercise Price (in dollars per share) | $ 3.29 | $ 3.31 | $ 1.92 | $ 1.9 |
$ (in shares) | 1,265,319 | 3,857,030 | 3,615,454 | 5,387,323 |
Warrants 1 [Member] | ||||
Exercise Price (in dollars per share) | $ 3.16 | |||
$ (in shares) | 1,083,501 | |||
$ (Year) | 1 month 6 days | |||
Warrants 2 [Member] | ||||
Exercise Price (in dollars per share) | $ 4.13 | |||
$ (in shares) | 181,818 | |||
$ (Year) | 1 year 8 months 4 days | |||
Warrants 3 [Member] | ||||
Exercise Price (in dollars per share) | $ 3.29 | |||
$ (in shares) | 1,265,319 | |||
$ (Year) | 3 months 29 days |
Note 17 - Stock-based Compens_3
Note 17 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 483,461 | 1,205,254 | 1,279,692 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $ 16,717 | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | 14,980 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Unvested in Period, Intrinsic Value | 1,737 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 2,181 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 1 month 20 days | ||
Share-Based Payment Arrangement, Expense | $ 5,172 | $ 5,415 | $ 4,540 |
Share-Based Payment Arrangement, Option [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 483,461 | 3,507,004 | 1,279,692 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month) | 24 months | ||
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche One [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month) | 3 months | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage | 12.50% | ||
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month) | 6 months | ||
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche Three [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month) | 12 months | ||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage | 25% | ||
Share-Based Payment Arrangement, Option [Member] | Share-based Compensation Award, Tranche Four [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month) | 18 months | ||
Share-Based Payment Arrangement, Option [Member] | Share-based Compensation Award, Tranche Five [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month) | 24 months | ||
Performance Stock Option [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 150,367 | 0 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month) | 3 years | ||
Performance Stock Option [Member] | Share-Based Payment Arrangement, Tranche One [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage | 33.33% | ||
Restricted Stock Units (RSUs) [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Month) | 3 years | 3 years | 3 years |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 4,415 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 10 months 9 days | ||
Share-Based Payment Arrangement, Expense | $ 1,822 | $ 1,105 | $ 780 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 642,464 | 620,386 | 346,790 |
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche One [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage | 33.33% | 33.33% | |
Performance-based Restriced Stock Units [Member] | |||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $ 2,739 | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 6 months 14 days | ||
Share-Based Payment Arrangement, Expense | $ 710 | $ 397 | $ 293 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 718,308 | 551,923 | 241,632 |
Performance-based Restriced Stock Units [Member] | Minimum [Member] | |||
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Eligible to Vest | 0% | ||
Performance-based Restriced Stock Units [Member] | Maximum [Member] | |||
Share-based Compensation Arrangement By Share-based Payment Award, Percentage Eligible to Vest | 200% | ||
Performance-based Restriced Stock Units [Member] | The 2020 Stock Incentive Plan [Member] | |||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 718,308 | 551,923 | 241,632 |
Note 17 - Stock-Based Compens_4
Note 17 - Stock-Based Compensation - Summary of Stock Options Assumptions (Details) - $ / shares | 12 Months Ended | |||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | ||
Granted, Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 3.71 | $ 2.18 | $ 2.45 | |
Share-Based Payment Arrangement, Option [Member] | ||||
Expected Risk Free Interest Rate | 4.05% | [1] | 4.14% | 2.73% |
Expected Volatility | 78.83% | [1] | 79.43% | 78.75% |
Expected Life in Years (Year) | 5 years | [1] | 4 years 10 months 24 days | 4 years 11 months 15 days |
Expected Dividend Yield | 0% | [1] | 0% | 0% |
Granted, Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 3.71 | [1] | $ 2.18 | $ 2.45 |
[1]The assumptions used for the fair value measurement of the Replacement Options are excluded in the table below as they have been separately disclosed in Note 3. |
Note 17 - Stock-Based Compens_5
Note 17 - Stock-Based Compensation - Schedule of Outstanding Stock Options (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Balance, number of stock options (in shares) | 8,326,983 | 8,880,527 | 10,404,333 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 1.92 | $ 1.58 | $ 1.21 |
Granted, number of stock options (in shares) | 483,461 | 1,205,254 | 1,279,692 |
Granted, Weighted Average Exercise Price (in dollars per share) | $ 5.62 | $ 2.46 | $ 3.8 |
Exercised, number of stock options (in shares) | (3,451,746) | (3,995,897) | (2,728,498) |
Exercised, Weighted Average Exercise Price (in dollars per share) | $ 1.33 | $ 1.63 | $ 1.17 |
Expired, number of stock options (in shares) | (52,000) | (40,000) | (75,000) |
Expired, Weighted Average Exercise Price (in dollars per share) | $ 2.62 | $ 1.53 | $ 2.5 |
Granted (in shares) | 3,507,004 | ||
Granted, Weighted Average Exercise Price (in dollars per share) | $ 5.62 | $ 2.46 | $ 3.8 |
Exercised, number of stock options (in shares) | (3,451,746) | (3,995,897) | (2,728,498) |
Forfeited (in shares) | (203,359) | (24,651) | |
Forfeited, Weighted Average Exercise Price (in dollars per share) | $ 1.7 | $ 3.18 | |
Balance, number of stock options (in shares) | 5,103,339 | 8,326,983 | 8,880,527 |
Balance, Weighted Average Exercise Price (in dollars per share) | $ 2.66 | $ 1.92 | $ 1.58 |
Note 17 - Stock-Based Compens_6
Note 17 - Stock-Based Compensation - Number of Shares Issued and Cash Received Upon Exercise of the Stock Options (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Number of Options Exercised on Cash Basis (in shares) | 492,112 | 365,537 | 872,580 |
Number of Options Exercised on Non-Cash Basis (in shares) | 2,959,634 | 3,630,360 | 1,855,918 |
Total Number of Options Exercised (in shares) | 3,451,746 | 3,995,897 | 2,728,498 |
Number of Shares Issued on Cash Exercise (in shares) | 492,112 | 365,537 | 872,580 |
Number of Shares Issued on Non-Cash Basis (in shares) | 1,953,636 | 1,986,007 | 1,279,515 |
Total Number of Shares Issued Upon Exercise of Options (in shares) | 2,445,748 | 2,351,544 | 2,152,095 |
Cash Received from Exercise of Stock Options | $ 681 | $ 553 | $ 934 |
Total Intrinsic Value of Options Exercised | $ 19,137 | $ 8,867 | $ 8,336 |
Note 17 - Stock-Based Compens_7
Note 17 - Stock-Based Compensation - Schedule of Outstanding Unvested Stock Options (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Balance, Non-vested, number of shares (in shares) | 1,803,265 | 2,186,154 | 3,891,207 |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.28 | $ 1.79 | $ 0.66 |
Granted, number of stock options (in shares) | 483,461 | 1,205,254 | 1,279,692 |
Granted, Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 3.71 | $ 2.18 | $ 2.45 |
Vested, Non-vested, number of shares (in shares) | (1,175,338) | (3,865,242) | (2,984,745) |
Vested, Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.35 | $ 1.66 | $ 0.59 |
Issuance of Replacement Options (Note 3), Non-vested, number of shares (in shares) | 2,301,750 | ||
Issuance of Replacement Options (Note 3), Weighted Average Grant-Date Fair Value (in dollars per share) | $ 1.75 | ||
Granted, Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 3.71 | $ 2.18 | 2.45 |
Forfeited, Non-vested, number of shares (in shares) | (24,400) | (24,651) | |
Forfeited, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.31 | $ 2 | |
Vested, Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.35 | $ 1.66 | $ 0.59 |
Balance, Non-vested, number of shares (in shares) | 1,086,988 | 1,803,265 | 2,186,154 |
Nonvested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ 2.83 | $ 2.28 | $ 1.79 |
Note 17 - Stock-based Compens_8
Note 17 - Stock-based Compensation - Summary of Stock Options Outstanding and Exercisable (Details) - $ / shares | 12 Months Ended | |||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2021 | |
Options Outstanding (in shares) | 5,103,339 | 8,326,983 | 8,880,527 | 10,404,333 |
Options outstanding, weighted average exercise price (in dollars per share) | $ 2.66 | $ 1.92 | $ 1.58 | $ 1.21 |
Options outstanding, weighted average remaining contractual term (Year) | 7 years 3 months 25 days | |||
Options exercisable (in shares) | 4,016,351 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 2.2 | |||
Options exercisable, weighted average remaining contractual term (Year) | 6 years 9 months 25 days | |||
Exercise Price Range 1 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 0.91 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 0.99 | |||
Options Outstanding (in shares) | 1,440,500 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 0.92 | |||
Options outstanding, weighted average remaining contractual term (Year) | 5 years 9 months 3 days | |||
Options exercisable (in shares) | 1,440,500 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 0.92 | |||
Options exercisable, weighted average remaining contractual term (Year) | 5 years 9 months 3 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) | 475,000 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 1.1 | |||
Options outstanding, weighted average remaining contractual term (Year) | 5 years 11 months 15 days | |||
Options exercisable (in shares) | 475,000 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 1.1 | |||
Options exercisable, weighted average remaining contractual term (Year) | 5 years 11 months 15 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) | 537,149 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 2.26 | |||
Options outstanding, weighted average remaining contractual term (Year) | 6 years 11 months 1 day | |||
Options exercisable (in shares) | 537,149 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 2.26 | |||
Options exercisable, weighted average remaining contractual term (Year) | 6 years 11 months 1 day | |||
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) | 2,164,729 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 3.61 | |||
Options outstanding, weighted average remaining contractual term (Year) | 8 years 2 months 4 days | |||
Options exercisable (in shares) | 1,550,559 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 3.68 | |||
Options exercisable, weighted average remaining contractual term (Year) | 8 years 10 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) | $ 4.56 | |||
Options outstanding, weighted average remaining contractual term (Year) | 8 years 9 months 21 days | |||
Options exercisable (in shares) | 2,500 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 4.48 | |||
Options exercisable, weighted average remaining contractual term (Year) | 8 years 8 months 1 day | |||
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) | 428,318 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 5.48 | |||
Options outstanding, weighted average remaining contractual term (Year) | 9 years 11 months 15 days | |||
Options exercisable (in shares) | 3,125 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 5.16 | |||
Options exercisable, weighted average remaining contractual term (Year) | 9 years 1 month 28 days | |||
Exercise Price Range 7 [Member] | ||||
Range of Exercise Prices, Lower Limit (in dollars per share) | $ 6 | |||
Range of Exercise Prices, Upper Limit (in dollars per share) | $ 6.99 | |||
Options Outstanding (in shares) | 40,143 | |||
Options outstanding, weighted average exercise price (in dollars per share) | $ 6.7 | |||
Options outstanding, weighted average remaining contractual term (Year) | 9 years 7 months 17 days | |||
Options exercisable (in shares) | 5,018 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 6.7 | |||
Options exercisable, weighted average remaining contractual term (Year) | 9 years 7 months 17 days | |||
Exercise Price Range 8 [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 5 months 23 days | |||
Options exercisable (in shares) | 2,500 | |||
Options exercisable, weighted average exercise price (in dollars per share) | $ 7.63 | |||
Options exercisable, weighted average remaining contractual term (Year) | 9 years 5 months 23 days |
Note 17 - Stock-Based Compens_9
Note 17 - Stock-Based Compensation - Schedule of Outstanding RSUs (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Balance, weighted average grant date fair value (in dollars per share) | $ 3.29 | $ 3.24 | $ 1.67 |
Granted, weighted average grant date fair value (in dollars per share) | 5.41 | 3.35 | 4.8 |
Vested, weighted average grant date fair value (in dollars per share) | 2.48 | 1.15 | |
Balance, weighted average grant date fair value (in dollars per share) | $ 4.56 | $ 3.29 | $ 3.24 |
Restricted Stock Units (RSUs) [Member] | |||
Balance, number of restricted stock units (in shares) | 979,500 | 836,034 | 997,612 |
Balance, weighted average grant date fair value (in dollars per share) | $ 3.32 | $ 2.61 | $ 1.42 |
Granted, number of restricted stock units (in shares) | 642,464 | 620,386 | 346,790 |
Granted, weighted average grant date fair value (in dollars per share) | $ 5.57 | $ 3.32 | $ 4.03 |
Vested, number of restricted stock units (in shares) | (454,284) | (464,985) | (508,368) |
Vested, weighted average grant date fair value (in dollars per share) | $ 3.14 | $ 2.02 | $ 1.25 |
Forfeited, number of restricted stock units (in shares) | (11,935) | ||
Forfeited, weighted average grant date fair value (in dollars per share) | $ 3.98 | ||
Balance, number of restricted stock units (in shares) | 1,167,680 | 979,500 | 836,034 |
Balance, weighted average grant date fair value (in dollars per share) | $ 4.63 | $ 3.32 | $ 2.61 |
Note 17 - Stock-Based Compen_10
Note 17 - Stock-Based Compensation - Summary of Outstanding Unvested RSUs (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2021 | |
Grant Date Fair Value (in dollars per share) | $ 4.56 | $ 3.29 | $ 3.24 | $ 1.67 |
Grant Date Fair Value (in dollars per share) | $ 4.56 | $ 3.29 | $ 3.24 | $ 1.67 |
Restricted Stock Units (RSUs) [Member] | ||||
Number of Restricted Stock Units (in shares) | 1,167,680 | 979,500 | 836,034 | 997,612 |
Grant Date Fair Value (in dollars per share) | $ 4.63 | $ 3.32 | $ 2.61 | $ 1.42 |
Remaining Life (Year) | 2 years 6 months | |||
Aggregate Intrinsic Value | $ 6,926 | |||
Number of Restricted Stock Units (in shares) | 1,167,680 | 979,500 | 836,034 | 997,612 |
Grant Date Fair Value (in dollars per share) | $ 4.63 | $ 3.32 | $ 2.61 | $ 1.42 |
Remaining Life (Year) | 2 years 6 months | |||
Aggregate Intrinsic Value | $ 6,926 | |||
Restricted Stock Units (RSUs) [Member] | July 29, 2022 [Member] | ||||
Number of Restricted Stock Units (in shares) | 92,015 | |||
Grant Date Fair Value (in dollars per share) | $ 3.98 | |||
Remaining Life (Year) | 1 year 29 days | |||
Aggregate Intrinsic Value | $ 546 | |||
Number of Restricted Stock Units (in shares) | 92,015 | |||
Grant Date Fair Value (in dollars per share) | $ 3.98 | |||
Remaining Life (Year) | 1 year 29 days | |||
Aggregate Intrinsic Value | $ 546 | |||
Restricted Stock Units (RSUs) [Member] | July 31, 2023 [Member] | ||||
Number of Restricted Stock Units (in shares) | 413,593 | |||
Grant Date Fair Value (in dollars per share) | $ 3.32 | |||
Remaining Life (Year) | 2 years 29 days | |||
Aggregate Intrinsic Value | $ 2,453 | |||
Number of Restricted Stock Units (in shares) | 413,593 | |||
Grant Date Fair Value (in dollars per share) | $ 3.32 | |||
Remaining Life (Year) | 2 years 29 days | |||
Aggregate Intrinsic Value | $ 2,453 | |||
Restricted Stock Units (RSUs) [Member] | January 2, 2024 [Member] | ||||
Number of Restricted Stock Units (in shares) | 1,166 | |||
Grant Date Fair Value (in dollars per share) | $ 6.44 | |||
Remaining Life (Year) | 2 years 6 months 3 days | |||
Aggregate Intrinsic Value | $ 7 | |||
Number of Restricted Stock Units (in shares) | 1,166 | |||
Grant Date Fair Value (in dollars per share) | $ 6.44 | |||
Remaining Life (Year) | 2 years 6 months 3 days | |||
Aggregate Intrinsic Value | $ 7 | |||
Restricted Stock Units (RSUs) [Member] | January 22, 2024 [Member] | ||||
Number of Restricted Stock Units (in shares) | 8,919 | |||
Grant Date Fair Value (in dollars per share) | $ 7.63 | |||
Remaining Life (Year) | 6 months 21 days | |||
Aggregate Intrinsic Value | $ 53 | |||
Number of Restricted Stock Units (in shares) | 8,919 | |||
Grant Date Fair Value (in dollars per share) | $ 7.63 | |||
Remaining Life (Year) | 6 months 21 days | |||
Aggregate Intrinsic Value | $ 53 | |||
Restricted Stock Units (RSUs) [Member] | March 13, 2024 [Member] | ||||
Number of Restricted Stock Units (in shares) | 2,288 | |||
Grant Date Fair Value (in dollars per share) | $ 6.49 | |||
Remaining Life (Year) | 8 months 12 days | |||
Aggregate Intrinsic Value | $ 14 | |||
Number of Restricted Stock Units (in shares) | 2,288 | |||
Grant Date Fair Value (in dollars per share) | $ 6.49 | |||
Remaining Life (Year) | 8 months 12 days | |||
Aggregate Intrinsic Value | $ 14 | |||
Restricted Stock Units (RSUs) [Member] | April 1, 2024 [Member] | ||||
Number of Restricted Stock Units (in shares) | 20,000 | |||
Grant Date Fair Value (in dollars per share) | $ 7.07 | |||
Remaining Life (Year) | 2 years 9 months | |||
Aggregate Intrinsic Value | $ 119 | |||
Number of Restricted Stock Units (in shares) | 20,000 | |||
Grant Date Fair Value (in dollars per share) | $ 7.07 | |||
Remaining Life (Year) | 2 years 9 months | |||
Aggregate Intrinsic Value | $ 119 | |||
Restricted Stock Units (RSUs) [Member] | July 26, 2024 [Member] | ||||
Number of Restricted Stock Units (in shares) | 610,091 | |||
Grant Date Fair Value (in dollars per share) | $ 5.49 | |||
Remaining Life (Year) | 3 years 25 days | |||
Aggregate Intrinsic Value | $ 3,618 | |||
Number of Restricted Stock Units (in shares) | 610,091 | |||
Grant Date Fair Value (in dollars per share) | $ 5.49 | |||
Remaining Life (Year) | 3 years 25 days | |||
Aggregate Intrinsic Value | $ 3,618 |
Note 17 - Stock-Based Compen_11
Note 17 - Stock-Based Compensation - Forfeited as Payment of Tax Withhold (Details) - Restricted Stock Units (RSUs) [Member] - shares | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Number of RSUs vested (in shares) | 454,284 | 464,985 | 508,368 |
Number of net RSU shares issued (in shares) | 250,994 | 261,232 | 267,681 |
Number of RSU shares forfeited as payments of withholding amounts (in shares) | 203,290 | 203,753 | 240,687 |
Note 17 - Stock-Based Compen_12
Note 17 - Stock-Based Compensation - Performance Based Restricted Stock Units Assumptions (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Granted, weighted average grant date fair value (in dollars per share) | $ 5.41 | $ 3.35 | $ 4.8 |
Performance-based Restriced Stock Units [Member] | |||
Expected Risk Free Interest Rate | 4.20% | 4.52% | 2.80% |
Expected Volatility | 73.50% | 84.56% | 90.90% |
Expected Dividend Yield | 0% | 0% | 0% |
Expected Life in Years (Year) | 3 years | 3 years | 3 years |
Correlation | 83.80% | 81.22% | 76.89% |
Exercise Price in U.S. dollars (in dollars per share) | $ 5.49 | $ 3.32 | $ 3.98 |
Granted, weighted average grant date fair value (in dollars per share) | $ 5.41 | $ 3.35 | $ 4.8 |
Note 17 - Stock-Based Compen_13
Note 17 - Stock-Based Compensation - Schedule of Unvested Performance Restricted Stock Options (Details) - $ / shares | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Balance, weighted average grant date fair value (in dollars per share) | $ 3.29 | $ 3.24 | $ 1.67 |
Granted, weighted average grant date fair value (in dollars per share) | 5.41 | 3.35 | 4.8 |
Vested, weighted average grant date fair value (in dollars per share) | 2.48 | 1.15 | |
Balance, weighted average grant date fair value (in dollars per share) | $ 4.56 | $ 3.29 | $ 3.24 |
Performance-based Restriced Stock Units [Member] | |||
Balance, number of restricted stock units (in shares) | 1,286,505 | 734,582 | 1,250,451 |
Granted, number of restricted stock units (in shares) | 718,308 | 551,923 | 241,632 |
Granted, weighted average grant date fair value (in dollars per share) | $ 5.41 | $ 3.35 | $ 4.8 |
Vested, number of unvested PRSUs (in shares) | (492,950) | (757,501) | |
Balance, number of restricted stock units (in shares) | 1,511,863 | 1,286,505 | 734,582 |
Note 17 - Stock-Based Compen_14
Note 17 - Stock-Based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Share-Based Payment Arrangement, Noncash Expense | $ 5,172 | $ 5,523 | $ 4,681 |
Common stock issued under Stock Incentive Plan | 945 | 1,478 | |
Share-Based Payment Arrangement, Noncash Expense | 5,172 | 5,523 | 4,681 |
Common stock issued to employees | 945 | 1,478 | |
Share-Based Payment Arrangement, Employee [Member] | |||
Amortization of stock option expenses | 1,682 | 1,727 | 960 |
Amortization of RSU expenses | 92 | 132 | 38 |
Share-Based Payment Arrangement, Noncash Expense | 1,774 | 2,747 | 2,185 |
Common stock issued under Stock Incentive Plan | 0 | 888 | 1,187 |
Share-Based Payment Arrangement, Noncash Expense | 1,774 | 2,747 | 2,185 |
Common stock issued to employees | 0 | 888 | 1,187 |
Consultants [Member] | |||
Common stock issued to consultants | 0 | 445 | 770 |
Amortization of stock option expenses | 347 | 561 | 220 |
Amortization of RSU expenses | 41 | 0 | 0 |
Share-Based Payment Arrangement, Noncash Expense | 388 | 1,006 | 990 |
Share-Based Payment Arrangement, Noncash Expense | 388 | 1,006 | 990 |
Management [Member] | |||
Amortization of stock option expenses | 611 | 400 | 471 |
Amortization of RSU expenses | 2,399 | 1,370 | 1,035 |
Share-Based Payment Arrangement, Noncash Expense | 3,010 | 1,770 | 1,506 |
Common stock issued under Stock Incentive Plan | 0 | 0 | 0 |
Share-Based Payment Arrangement, Noncash Expense | 3,010 | 1,770 | 1,506 |
Common stock issued to employees | $ 0 | $ 0 | $ 0 |
Note 18 - Sales and Service R_3
Note 18 - 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 | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Revenue | $ 224 | $ 164,389 | $ 23,161 |
Cost of revenues | (187) | (114,719) | (15,868) |
Sale of Inventory [Member] | |||
Revenue | 0 | 163,950 | 22,946 |
Cost of revenues | 0 | (114,353) | (15,689) |
Toll Processing Services [Member] | |||
Revenue | 224 | 439 | 215 |
Cost of revenues | $ (187) | $ (366) | $ (179) |
Note 18 - Sales and Service R_4
Note 18 - 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] | 12 Months Ended | |
Jul. 31, 2024 | Jul. 31, 2023 | |
Customer A [Member] | ||
Concentration | 0% | 22% |
Customer B [Member] | ||
Concentration | 0% | 16% |
Customer C [Member] | ||
Concentration | 0% | 13% |
Customer D [Member] | ||
Concentration | 0% | 12% |
Customer E [Member] | ||
Concentration | 0% | 11% |
Customer F [Member] | ||
Concentration | 0% | 7% |
Customer G [Member] | ||
Concentration | 0% | 3% |
Other Customer [Member] | ||
Concentration | 100% | 16% |
All Customers [Member] | ||
Concentration | 100% | 100% |
Note 19 - Fair Value Gain (Lo_3
Note 19 - Fair Value Gain (Loss) on Equity Securities - Unrealized Loss (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Unrealized and realized gain (loss) from common shares and warrants of publicly listed companies | $ 27,505 | $ (13,083) | $ (1,351) |
Other Public Listed Companies [Member] | |||
Unrealized and realized gain (loss) from common shares and warrants of publicly listed companies | 27,505 | (11,999) | (1,351) |
Uex Shares Transferred As Consideration for Uex Acquisition [Member] | |||
Unrealized and realized gain (loss) from common shares and warrants of publicly listed companies | $ 0 | $ (1,084) | $ 0 |
Note 20 - General and Adminis_3
Note 20 - General and Administrative Expenses - General and Administrative Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Salaries and management fees | $ 7,705 | $ 5,168 | $ 4,281 |
Office, investor relations, communication, insurance and travel | 5,807 | 6,801 | 4,501 |
Foreign exchange (gain) loss | (151) | 71 | 317 |
Professional fees | 3,340 | 2,609 | 1,387 |
Sub-total | 16,701 | 14,649 | 10,486 |
Share-Based Payment Arrangement, Expense | 5,172 | 5,415 | 4,540 |
Total general and administrative expenses | $ 21,873 | $ 20,064 | $ 15,026 |
Note 21 - Net Income (Loss) P_3
Note 21 - Net 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 | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Net loss for the year | $ (29,221) | $ (3,307) | $ 5,252 |
Basic Weighted Average Number of Shares (in shares) | 397,309,780 | 364,789,621 | 271,019,472 |
Dilutive Effect of Stock Awards and Warrants (in shares) | 0 | 0 | 9,082,601 |
Diluted Weighted Average Number of Shares (in shares) | 397,309,780 | 364,789,621 | 280,102,073 |
Net Income (Loss) Per Share - Basic (in dollars per share) | $ (0.07) | $ (0.01) | $ 0.02 |
Net Income (Loss) Per Share - Diluted (in dollars per share) | $ (0.07) | $ (0.01) | $ 0.02 |
Note 22 - Income Taxes - Reconc
Note 22 - Income Taxes - Reconciliation of Income Tax (Details) | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Federal income tax provision rate | 21% | 21% | 21% |
State income tax provision rate, net of federal income tax effect | 2.89% | 2.89% | 2.95% |
Total income tax provision rate | 23.89% | 23.89% | 23.95% |
Note 22 - Income Taxes - Compon
Note 22 - Income Taxes - Components of Income Tax Provision (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Income (Loss) before income taxes | $ (34,255) | $ (2,437) | $ 5,247 |
Corporate tax rate | 23.89% | 23.89% | 23.95% |
Expected tax expense (recovery) | $ (8,184) | $ (582) | $ 1,257 |
Foreign tax rate differences | (151) | (83) | 158 |
Permanent differences | 4,155 | 1,486 | (326) |
Prior year true-up | (81) | (464) | 6 |
Change in state tax rate | 77 | (182) | (460) |
Foreign exchange rate differences | (1,231) | 1,687 | (4) |
Other | 0 | 1,138 | 188 |
Change in valuation allowance | 381 | (2,130) | (824) |
Deferred tax expense (recovery) | $ (5,034) | $ 870 | $ (5) |
Note 22 - Income Taxes - Comp_2
Note 22 - Income Taxes - Components of Income (Loss) from Operations Before Income Taxes, by Tax Jurisdiction (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | |
Income (loss) from operations before income taxes | $ (34,255) | $ (2,437) | $ 5,247 |
Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | |||
Income (loss) from operations before income taxes | (13,928) | 5,192 | 6,054 |
Foreign Tax Jurisdiction [Member] | Canada Revenue Agency [Member] | |||
Income (loss) from operations before income taxes | (19,468) | (6,720) | 268 |
Foreign Tax Jurisdiction [Member] | Tax Administration of Paraguay [Member] | |||
Income (loss) from operations before income taxes | $ (859) | $ (909) | $ (1,075) |
Note 22 - Income Taxes - Deferr
Note 22 - Income Taxes - Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands | Jul. 31, 2024 | Jul. 31, 2023 |
Mineral properties | $ 2,107 | $ 2,191 |
Exploration costs | 6,176 | 1,774 |
Stock option expense | 2,448 | 3,628 |
Depreciable property | 1,098 | 1,115 |
Inventories | 334 | |
Inventories | (3,909) | |
Asset retirement obligations | 4,267 | 3,130 |
Investment in equity securities | (3,351) | |
Investment in equity securities | 465 | |
Equity accounted for investment | (4,190) | (3,906) |
Other | (3,643) | 1,052 |
Section 163(j) interest expense carry forwards | 3,307 | 4,160 |
Loss carry forwards | 72,214 | 68,661 |
Deferred Tax Assets, Gross | 80,767 | 78,361 |
Valuation allowance | (78,741) | (78,361) |
Deferred tax assets | 2,026 | 0 |
Mineral properties | (66,373) | (71,080) |
Net deferred tax liabilities | $ (64,347) | $ (71,080) |
Note 22 - Income Taxes - Net Op
Note 22 - Income Taxes - Net Operating Loss Carry-forwards Expirations (Details) $ in Thousands | Jul. 31, 2024 USD ($) |
Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | |
No expiry | $ 116,754 |
Operating Loss Carryforwards | 295,384 |
Foreign Tax Jurisdiction [Member] | Canada Revenue Agency [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 10,758 |
Tax Year 2025 [Member] | Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 2,398 |
Tax Year 2027 [Member] | Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 3,171 |
Tax Year 2027 [Member] | Foreign Tax Jurisdiction [Member] | Canada Revenue Agency [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 133 |
Tax Year 2026 [Member] | Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 4,703 |
Tax Year 2028 [Member] | Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 2,798 |
Tax Year 2028 [Member] | Foreign Tax Jurisdiction [Member] | Canada Revenue Agency [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 456 |
Tax Year 2029 [Member] | Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 10,332 |
Tax Year 2029 [Member] | Foreign Tax Jurisdiction [Member] | Canada Revenue Agency [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 557 |
Tax Year 2030 [Member] | Foreign Tax Jurisdiction [Member] | Canada Revenue Agency [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 553 |
Tax Year 2031 [Member] | Foreign Tax Jurisdiction [Member] | Canada Revenue Agency [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 759 |
Tax Years 2030 to 2037 [Member] | Domestic Tax Jurisdiction [Member] | Internal Revenue Service (IRS) [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | 155,228 |
Remaining [Member] | Foreign Tax Jurisdiction [Member] | Canada Revenue Agency [Member] | |
Net Operating Loss Carry-forwards Subject to Expiration | $ 8,300 |
Note 23 - Segment Information_2
Note 23 - Segment Information (Details Textual) | 12 Months Ended |
Jul. 31, 2024 | |
Number of Reportable Segments | 4 |
Note 23 - Segment Information -
Note 23 - Segment Information - Schedule of Revenue, Total Assets, and Long-term Assets by Geographic Segments (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Jul. 31, 2024 | Jul. 31, 2023 | Jul. 31, 2022 | Jul. 31, 2021 | |
Revenue | $ 224 | $ 164,389 | $ 23,161 | |
Depreciation, amortization, and accretion | 2,183 | 2,007 | 1,379 | |
Income (loss) from equity-accounted investment | 1,017 | (994) | 4,126 | |
Income (loss) from operations before income taxes | (34,255) | (2,437) | 5,247 | |
Total assets | 889,828 | 737,589 | 354,247 | |
Equity-accounted investment | 58,809 | 48,110 | 24,177 | $ 20,730 |
Long-lived assets other than financial instruments | 581,991 | 588,367 | 205,794 | |
Total expenditures for additions to long-lived assets | 3,457 | 387,216 | 1,685 | |
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member] | ||||
Revenue | 0 | 163,950 | 22,946 | |
Depreciation, amortization, and accretion | 11 | 12 | 15 | |
Income (loss) from equity-accounted investment | 1,017 | (994) | 4,126 | |
Income (loss) from operations before income taxes | 7,561 | 23,595 | 20,123 | |
Total assets | 297,155 | 137,369 | 137,867 | |
Equity-accounted investment | 58,809 | 48,110 | 24,177 | |
Long-lived assets other than financial instruments | 200 | 193 | 209 | |
Total expenditures for additions to long-lived assets | 3 | 15 | 8 | |
Mining, Wyoming [Member] | Operating Segments [Member] | ||||
Revenue | 224 | 439 | 215 | |
Depreciation, amortization, and accretion | 1,584 | 1,526 | 983 | |
Income (loss) from equity-accounted investment | 0 | 0 | 0 | |
Income (loss) from operations before income taxes | (14,741) | (9,142) | (5,320) | |
Total assets | 169,740 | 169,706 | 170,115 | |
Equity-accounted investment | 0 | 0 | 0 | |
Long-lived assets other than financial instruments | 162,816 | 162,448 | 163,149 | |
Total expenditures for additions to long-lived assets | 646 | 62 | 13 | |
Mining, Texas [Member] | Operating Segments [Member] | ||||
Revenue | 0 | 0 | 0 | |
Depreciation, amortization, and accretion | 500 | 460 | 375 | |
Income (loss) from equity-accounted investment | 0 | 0 | 0 | |
Income (loss) from operations before income taxes | (12,912) | (8,429) | (7,962) | |
Total assets | 23,776 | 23,500 | 24,608 | |
Equity-accounted investment | 0 | 0 | 0 | |
Long-lived assets other than financial instruments | 21,028 | 20,710 | 21,259 | |
Total expenditures for additions to long-lived assets | 408 | 355 | 591 | |
Mining, Saskatchewan [Member] | Operating Segments [Member] | ||||
Revenue | 0 | 0 | 0 | |
Depreciation, amortization, and accretion | 84 | 3 | 0 | |
Income (loss) from equity-accounted investment | 0 | 0 | 0 | |
Income (loss) from operations before income taxes | (13,247) | (6,842) | (5) | |
Total assets | 378,368 | 386,356 | 982 | |
Equity-accounted investment | 0 | 0 | 0 | |
Long-lived assets other than financial instruments | 377,550 | 384,728 | 982 | |
Total expenditures for additions to long-lived assets | 2,281 | 386,684 | 435 | |
Mining, Others [Member] | Operating Segments [Member] | ||||
Revenue | 0 | 0 | 0 | |
Depreciation, amortization, and accretion | 4 | 6 | 6 | |
Income (loss) from equity-accounted investment | 0 | 0 | 0 | |
Income (loss) from operations before income taxes | (916) | (1,619) | (1,589) | |
Total assets | 20,789 | 20,658 | 20,675 | |
Equity-accounted investment | 0 | 0 | 0 | |
Long-lived assets other than financial instruments | 20,397 | 20,288 | 20,195 | |
Total expenditures for additions to long-lived assets | $ 119 | $ 100 | $ 638 |
Note 24 - Subsequent Event (Det
Note 24 - Subsequent Event (Details Textual) | 2 Months Ended | 12 Months Ended | |||||
Oct. 18, 2024 USD ($) lb | Sep. 26, 2024 USD ($) | Sep. 20, 2024 USD ($) | Sep. 28, 2024 lb | Jul. 31, 2024 USD ($) | Jul. 31, 2023 USD ($) | Jul. 31, 2022 USD ($) | |
Proceeds from Sale of Equity Securities, FV-NI | $ 3,008,000 | $ 4,590,000 | $ 9,980,000 | ||||
Subsequent Event [Member] | |||||||
Proceeds from Sale of Equity Securities, FV-NI | $ 55,000,000 | ||||||
Inventory, Decrease From Sales, Mass (Pound) | lb | 100,000 | 110,000 | |||||
Uranium Price Per Pound | $ 80.25 | ||||||
Subsequent Event [Member] | Green Mountain Mining Venture [Member] | |||||||
Payments to Acquire Businesses, Gross | $ 175,000,000 | ||||||
Acquisition, Bonds Replaced, Amount | $ 25,000,000 | ||||||
Green Mountain Mining Venture [Member] | Subsequent Event [Member] | Kennecott Uranium Company (KUC) [Member] | |||||||
Subsidiary, Ownership Percentage, Parent | 50% | ||||||
Green Mountain Mining Venture [Member] | Subsequent Event [Member] | Wyoming Coal Resources Company (WCRC) [Member] | |||||||
Subsidiary, Ownership Percentage, Parent | 50% |