Rise Gold (RYES) 10-Q 12 Dec 23 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Oct. 31, 2023	Dec. 12, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--07-31
Entity File Number	000-53848
Entity Registrant Name	RISE GOLD CORP.
Entity Central Index Key	0001424864
Entity Tax Identification Number	30-0692325
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	650-669 Howe Street
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Country	CA
Entity Address, Postal Zip Code	V6C 0B4
City Area Code	604
Local Phone Number	260-4577
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		45,740,341

CONDENSED CONSOLIDATED INTERIM

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Unaudited) - USD ($)	Oct. 31, 2023	Jul. 31, 2023
Current
Cash and cash equivalents	$ 686,283	$ 758,272
Receivables	7,181	82,529
Prepaid expenses	114,725	140,042
Total current assets	808,189	980,843
Non-current
Mineral property interests	4,149,053	4,149,053
Equipment	522,903	528,465
Total assets	5,480,145	5,658,361
Current
Accounts payable and accrued liabilities	917,974	457,412
Payable to related parties	83,440	51,159
Total current liabilities	1,001,414	508,571
Non-current
Loan payable	1,531,570	1,437,914
Derivative liability	222,496	140,015
Total liabilities	2,755,480	2,086,500
Stockholders' equity
Capital stock, $0.001 par value, 400,000,000 shares authorized; 40,362,800 shares issued and outstanding	40,363	40,363
Additional paid-in capital	30,394,929	30,304,568
Share subscription received in advance	440,868	0
Cumulative translation adjustment	(104,084)	(104,084)
Deficit	(28,047,411)	(26,668,986)
Total stockholders' equity	2,724,665	3,571,861
Total liabilities and stockholders' equity	$ 5,480,145	$ 5,658,361

CONDENSED CONSOLIDATED INTERI_2

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Oct. 31, 2023	Jul. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	40,362,800	40,362,800
Common stock, shares outstanding	40,362,800	40,362,800

CONDENSED CONSOLIDATED INTERI_3

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF LOSS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
EXPENSES
Accretion expense	$ 30,113	$ 28,963
Consulting	52,583	105,570
Directors' fees	28,022	20,000
Filing and regulatory	12,907	8,550
Foreign exchange loss	12,987	40,958
General and administrative	145,159	80,883
Geological, mineral, and prospect costs	361,525	123,989
Interest expense	63,543	97,815
Professional fees	337,541	154,096
Promotion and shareholder communication	20,011	7,948
Salaries	84,301	33,750
Share-based compensation	90,361	0
Loss	(1,239,053)	(702,522)
Gain (loss) on fair value adjustment on derivative liability	(82,481)	17,984
Write-off on receivable	(64,438)	0
Other income	7,547	0
Net loss and comprehensive loss for the period	$ (1,378,425)	$ (684,538)
Basic loss per common share (in dollars per share)	$ (0.03)	$ (0.02)
Diluted loss per common share (in dollars per share)	$ (0.03)	$ (0.02)
Weighted average number of common shares outstanding (basic) (in shares)	40,362,800	32,787,798
Weighted average number of common shares outstanding (diluted) (in shares)	40,362,800	32,787,798

CONDENSED CONSOLIDATED INTERI_4

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Loss for the period	$ (1,378,425)	$ (684,538)
Items not involving cash
Depreciation	5,562	5,653
Interest expense	63,543	97,815
Share-based compensation	90,361	0
Accretion expense	30,113	28,963
Loss (gain) on fair value adjustment on derivative liability	82,481	(17,984)
Non-cash working capital item changes:
Receivables	75,348	12,428
Prepaid expenses	25,317	62,703
Accounts payable and accrued liabilities	460,562	166,164
Related party payables	32,281	23,683
Net cash used in operating activities	(512,857)	(305,113)
CASH FLOWS FROM FINANCING ACTIVITIES
Shares subscribed in advance	440,868	0
Net cash provided by financing activities	440,868	0
Change in cash and cash equivalents for the period	(71,989)	(305,113)
Cash and cash equivalents, beginning of period	758,272	471,918
Cash and cash equivalents, end of period	$ 686,283	$ 166,805

CONDENSED CONSOLIDATED INTERI_5

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Capital Stock [Member]	Additional Paid-In Capital [Member]	Share Subscription Received In Advance [Member]	Cumulative Translation Adjustment [Member]	Deficit [Member]	Total
Beginning Balance at Jul. 31, 2022	$ 32,788	$ 26,678,566		$ (104,084)	$ (23,008,604)	$ 3,598,666
Beginning Balance (in shares) at Jul. 31, 2022	32,787,798
Loss for the period					(684,538)	(684,538)
Shares subscribed in advance						0
Share-based compensation						0
Ending Balance at Oct. 31, 2022	$ 32,788	26,678,566	$ 0	(104,084)	(23,693,142)	2,914,128
Ending Balance (in shares) at Oct. 31, 2022	32,787,798
Beginning Balance at Jul. 31, 2023	$ 40,363	30,304,568	0	(104,084)	(26,668,986)	3,571,861
Beginning Balance (in shares) at Jul. 31, 2023	40,362,800
Loss for the period					(1,378,425)	(1,378,425)
Shares subscribed in advance			440,868			440,868
Share-based compensation		90,361				90,361
Ending Balance at Oct. 31, 2023	$ 40,363	$ 30,394,929	$ 440,868	$ (104,084)	$ (28,047,411)	$ 2,724,665
Ending Balance (in shares) at Oct. 31, 2023	40,362,800

NATURE AND CONTINUANCE OF OPERA

NATURE AND CONTINUANCE OF OPERATIONS	3 Months Ended
	Oct. 31, 2023
Disclosure Nature And Continuance Of Operations [Abstract]
NATURE AND CONTINUANCE OF OPERATIONS [Text Block]	1. NATURE AND CONTINUANCE OF OPERATIONS Rise Gold Corp. (the "Company") was originally incorporated as Atlantic Resources Inc. in the State of Nevada on February 9, 2007 and is in the exploration stage. On April 11, 2012, the Company merged its wholly-owned subsidiary, Patriot Minefinders Inc., a Nevada corporation, in and to the Company to effect a name change to Patriot Minefinders Inc. On January 14, 2015, the Company completed a name change to Rise Resources Inc. in the same manner. On March 29, 2017, the Company changed its name to Rise Gold Corp. These mergers were carried out solely for the purpose of effecting these changes of names. On September 18, 2020, the Company increased its authorized capital from 40,000,000 shares to 400,000,000 shares. On January 29, 2016, the Company completed an initial public offering in Canada and began trading on the Canadian Securities Exchange ("CSE") on February 1, 2016. The Company is in the early stages of exploration and as is common with any exploration company, it raises financing for its acquisition activities. The accompanying consolidated financial statements have been prepared on the going concern basis, which presumes that the Company will continue operations for the foreseeable future and will be able to realize its assets and discharge its liabilities in the normal course of business. The Company has incurred a loss of $1,378,425 for the period ended October 31, 2023 and has accumulated a deficit of $28,047,411. The ability of the Company to continue as a going concern is dependent on the Company's ability to maintain continued support from its shareholders and creditors and to raise additional capital and implement its business plan. There is no assurance that the Company will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to the Company. These events and conditions cast substantial doubt about the Company's ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. At October 31, 2023, the Company had a working capital deficit of $193,225 (July 31, 2023 - working capital of $472,272).

BASIS OF PREPARATION

BASIS OF PREPARATION	3 Months Ended
	Oct. 31, 2023
Disclosure Basis Of Preparation [Abstract]
BASIS OF PREPARATION [Text Block]	2. BASIS OF PREPARATION Generally Accepted Accounting Principles These unaudited condensed consolidated interim financial statements have been prepared in conformity with generally accepted accounting principles of the United States of America ("US GAAP") and the rules and regulations of the Securities and Exchange Commission ("SEC") for financial information with the instructions to Form 10-Q and Regulation S-K. Results are not necessarily indicative of results which may be achieved in the future. The unaudited condensed consolidated interim financial statements should be read in conjunction with the Company's Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with Management's Discussion and Analysis, for the year ended July 31, 2023. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to such SEC rules and regulations. These financial statements follow the same accounting policies in the annual financial statements. The operating results for the three months ended October 31, 2023 are not necessarily indicative of the results that may be expected for the year ended July 31, 2024. Basis of Consolidation These condensed consolidated interim financial statements include the accounts of the Company and its wholly-owned subsidiary, Rise Grass Valley Inc. All significant intercompany accounts and transactions have been eliminated on consolidation. Subsidiaries Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases. The accounts of subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. Intercompany transactions, balances and unrealized gains or losses on transactions are eliminated upon consolidation. Use of Estimates The preparation of these financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas requiring the use of estimates include the carrying value and recoverability of mineral properties and the recognition of deferred tax assets based on the change in unrecognized deductible temporary tax differences. Actual results could differ from those estimates and would impact future results of operations and cash flows.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	3 Months Ended
	Oct. 31, 2023
Cash and Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS [Text Block]	3. CASH AND CASH EQUIVALENTS As at October 31, 2023, the balance of cash and cash equivalents is $686,283 (July 31, 2023: $758,272) of which $236,046 (July 31, 2023: $682,807) is cash equivalents related to Guaranteed Investment Certificates (GICs) held during the period.

PREPAID EXPENSES

PREPAID EXPENSES	3 Months Ended
	Oct. 31, 2023
Disclosure Prepaid Expenses [Abstract]
PREPAID EXPENSES [Text Block]	4. PREPAID EXPENSES October 31, 2023 July 31, 2023 Current Insurance $ 54,187 $ 79,758 Deposits 48,011 50,539 Other 12,527 9,745 Total $ 114,725 $ 140,042

MINERAL PROPERTY INTERESTS

MINERAL PROPERTY INTERESTS	3 Months Ended
	Oct. 31, 2023
Extractive Industries [Abstract]
MINERAL PROPERTY INTERESTS [Text Block]	5. MINERAL PROPERTY INTERESTS The Company's mineral properties balance consists of: Idaho-Maryland, California July 31, 2023 and October 31, 2023 $ 4,149,053 Title to mineral properties Title to mineral properties involves certain inherent risks due to the difficulties of determining the validity of certain mineral titles. Additionally, the potential for problems arising from the frequently ambiguous conveying history characteristic of many mineral properties also exist. As at October 31, 2023, the Company holds title to the Idaho-Maryland Gold Mine Property. As of October 31, 2023, based on management's review of the carrying value of mineral rights, management determined that there is no evidence that the cost of these acquired mineral rights will not be fully recovered and accordingly, the Company determined that no adjustment to the carrying value of mineral rights was required. As of the date of these consolidated financial statements, the Company has not established any proven or probable reserves on its mineral properties and has incurred only acquisition and exploration costs. Idaho-Maryland Gold Mine Property, California On August 30, 2016, the Company entered into an option agreement with three parties to purchase a 100% interest in and to the Idaho-Maryland Gold Mine property located near Grass Valley, California, United States; pursuant to the option agreement, in order to exercise the option, the Company was required to pay $2,000,000 by November 30, 2016. Upon execution of the option agreement, the Company paid the vendors a non-refundable cash deposit in the amount of $25,000, which was credited against the purchase price of $2,000,000 upon exercise of the option. On November 30, 2016, the Company negotiated an extension of the closing date of the option agreement to December 26, 2016, in return for a cash payment of $25,000, which was also credited against the purchase price of $2,000,000 upon exercise of the option. On December 28, 2016, the Company negotiated a further no-cost extension of the closing date of the option agreement to April 30, 2017. On January 25, 2017, the Company exercised the option by paying the net amount owing of $1,950,000 and acquired a 100% interest in the Idaho-Maryland Gold Mine property. In connection with the option agreement, the Company agreed to pay a cash commission of $140,000 equal to 7 per cent of the purchase price of $2,000,000; the commission was settled on January 25, 2017 through the issuance of 92,000 units valued at C$2.00 per unit. Each unit consists of one share of common stock and one transferable share purchase warrant exercisable into one share of common stock at a price of C$4.00 for a period of two years from the date of issuance. On January 24, 2019, these warrants expired unexercised. The Company also incurred additional transaction costs of $109,053, which have been included in the carrying value of the Idaho-Maryland Gold Mine. On January 6, 2017, the Company entered into an option agreement with Sierra Pacific Industries Inc. ("Sierra") to purchase a 100% interest in and to certain surface rights near Grass Valley, California, United States, contiguous to the Idaho-Maryland Gold Mine property acquired by the Company on January 25, 2017. Pursuant to the option agreement, in order to exercise the option, the Company was required to pay $1,900,000 by March 31, 2017. Upon execution of the option agreement, the Company paid the vendors a non-refundable cash deposit in the amount of $100,000, which was credited against the purchase price of $1,900,000 upon exercise of the option. On April 3, 2017, the Company negotiated an extension of the closing date of the option agreement to June 30, 2017, in return for a cash payment of $200,000, at which time a payment of $1,600,000 was due in order to exercise the option. On June 7, 2017, the Company negotiated an extension of the closing date of the option agreement to September 30, 2017, in return for a cash payment of $300,000, at which time a payment of $1,300,000 was due in order to exercise the option. On May 14, 2018, the Company completed the purchase of the surface rights by making the final payment of $1,300,000. As at October 31, 2023, the Company has incurred cumulative exploration expenditures of $9,092,507 on the Idaho-Maryland Gold Mine property as follows: Three months ended Year ended Idaho-Maryland Gold Mine expenditures: Opening balance $ 8,730,982 $ 7,958,346 Consulting 333,321 629,183 Depreciation 5,562 22,971 Engineering 2,014 20,370 Exploration - (28,183 ) Logistics - 21,815 Rent 20,628 97,332 Supplies - 9,148 Sampling - - Total expenditures for the period 361,525 772,636 Closing balance $ 9,092,507 $ 8,730,982

EQUIPMENT

EQUIPMENT	3 Months Ended
	Oct. 31, 2023
Property, Plant and Equipment [Abstract]
EQUIPMENT [Text Block]	6. EQUIPMENT Cost Drilling equipment At July 31, 2022 $ 644,847 At July 31, 2023 $ 644,847 At October 31, 2023 $ 644,847 Accumulated depreciation At July 31, 2022 $ 93,411 Depreciation 22,971 At July 31, 2023 $ 116,382 Depreciation 5,562 At October 31, 2023 $ 121,944 Total carrying value, July 31, 2023 $ 528,465 Total carrying value, October 31, 2023 $ 522,903

CONTINGENCY

CONTINGENCY	3 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
CONTINGENCY [Text Block]	7. CONTINGENCY During the year ended July 31, 2014, the Company entered into a binding letter of intent ("LOI") with Wundr Software Inc. ("Wundr"). Under the terms of the LOI, the Company would acquire 100% of the issued and outstanding common shares of Wundr. The Company did not complete the transactions contemplated in the LOI, which the Company announced had expired on January 10, 2014. On September 17, 2014, the Company learned that it was the subject, along with a number of additional defendants, of a notice of civil claim (the "Claim") filed in the Supreme Court of British Columbia by Wundr, under which Wundr is seeking general damages from the Company as well as damages for conspiracy to cause economic harm. None of the allegations contained in the Claim have been proven in court. Management has assessed that the probability of the Claim resulting in an unfavourable outcome and financial loss to the Company is unlikely.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Oct. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS [Text Block]	8. RELATED PARTY TRANSACTIONS Key management personnel consist of the Chief Executive Officer, Chief Financial Officer, and the directors of the Company. The remuneration of the key management personnel is as follows: a) b) Director fees of $28,022 (2023 - $20,000) to directors of the Company. c) d) Share-based compensation of $90,361 (2023 - $Nil) for options granted during the period ended. e) As at October 31, 2023 and July 31, 2023, $83,440 and $51,159 were owed to related parties, respectively. f) g)

LOAN PAYABLE

LOAN PAYABLE	3 Months Ended
	Oct. 31, 2023
Debt Disclosure [Abstract]
LOAN PAYABLE [Text Block]	9. LOAN PAYABLE On September 3, 2019, the Company completed a debt financing with Eridanus Capital LLC (the "Lender" or "Eridanus") for $1,000,000 (the "Loan"). The Loan has a term of 4 years and an annual interest rate of 10% for the first two years increasing to 20% in year 3 and to 25% in year 4. Interest will accrue and be paid along with the principal upon the maturity date. The Lender received 1,150,000 bonus share purchase warrants as additional consideration for advancing the Loan. The fair value of these warrants was calculated to be $444,942 which was netted against the loan payable balance along with $15,000 paid to the lender for a total of $459,942 in issuance costs. Each warrant entitles the holder to acquire one share of common stock at an exercise price of $0.80 (C$1.00) for a period of three years from the date of issuance. The Loan may be repaid prior to the maturity date, in whole or in part, provided that all accrued interest is paid. In addition, if total interest payments are less than $200,000, the difference will be paid to the Lender as prepayment compensation. The Loan is secured against the assets of the Company and its subsidiary. Loan Payable Balance, July 31, 2022 $ 1,364,530 Interest expense 328,097 Accretion expense 149,505 Issuance costs (154,218 ) Repayment (250,000 ) Balance, July 31, 2023 $ 1,437,914 Interest expense 63,543 Accretion expense 30,113 Balance, October 31, 2023 $ 1,531,570 In February 2023, the Company renegotiated its debt agreement with the Lender whereby the Company agreed to pay $250,000 applied against unpaid and accrued interest and issue 575,000 share purchase warrants to the Lender. The maturity date of the loan has been extended by one year to September 4, 2024 and the interest rate has been reduced to 15% compounding monthly for a period of 12 months after which it reverts to 25% per annum, compounding monthly. The renegotiation of the debt was accounted for as a non - substantial debt modification. Accordingly, no gain or loss was recorded and a new effective interest rate of 32.67% was established based on the carrying value of the debt and the revised cash flow. Each warrant entitles the holder to acquire one share at an exercise price of $0.60 for a period of two years from the date of issuance. The fair value of these warrants was calculated to be $154,218 which was netted against the loan payable balance. The following weighted average assumptions were used for the Black-Scholes pricing model valuation of warrants: February 17, 2023 Risk-free interest rate 4.15% Expected life of warrants 2 years Expected annualized volatility 99.02% Share price at grant date $0.53 Exercise price $0.60 Fair value $0.27 Dividend Nil Forfeiture rate 0%

DERIVATIVE LIABILITY

DERIVATIVE LIABILITY	3 Months Ended
	Oct. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITY [Text Block]	10. DERIVATIVE LIABILITY The exercise price of the Company's share purchase warrants is fixed in Canadian dollars and the functional currency of the Company is the USD. These warrants are considered to be a derivative as a variable amount of cash in the Company's functional currency will be received on exercise of the warrants. Accordingly, the share purchase warrants issued as part of past financings, are classified and accounted for as a derivative liability. The following table shows a continuity of the Company's derivative liability: Number of warrants accounted for as Warrant derivative derivative liability Balance, July 31, 2022 $ 373,910 4,991,645 Fair value adjustment (233,895 ) - Balance, July 31, 2023 $ 140,015 4,991,645 Fair value adjustment 82,481 - Balance, October 31, 2023 $ 222,496 4,991,645 For the three-month period ended October 31, 2023, the Company recorded a total loss on fair value of derivative liability of $82,481 during the period (October 31, 2022 - gain of $17,984). The following weighted average assumptions were used for the Black-Scholes pricing model valuation of warrants as at October 31, 2023 and July 31, 2023: October 31, 2023 July 31, 2023 Risk-free interest rate 4.63% 4.67% Expected life of warrants 0.67 to 0.80 years 0.93 to 1.05 years Expected annualized volatility 158.5% to 167.04% 151.04% to 154.60% Share price at measurement date $0.29 $0.19 Dividend Nil Nil Forfeiture rate 0% 0%

CAPITAL STOCK AND ADDITIONAL PA

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL	3 Months Ended
	Oct. 31, 2023
Disclosure Capital Stock And Additional Paid In Capital [Abstract]
CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL [Text Block]	11. CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL Private Placements On February 17, 2023, the Company completed a non-brokered private placement over two tranches for gross proceeds totaling $3,000,000 through the issuance of 7,500,000 units in total at a price of $0.40 per unit, where each unit consisted of one share of common stock and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional share of common stock at an exercise price of $0.60 until January 31, 2025 and February 17, 2025. Certain directors of the Company purchased an aggregate of 2,394,299 units of the private placement for gross proceeds of $957,720. The Company paid fees of $4,014 and issued 10,440 finder's warrants relating to the first tranche, where each finder's warrant entitles the holder to acquire one share of common stock at a price of $0.60 until January 31, 2025 and February 17, 2025. The Company paid legal fees of $10,563 in connection with this financing. Stock Options On September 22, 2023, the Company granted a total of 397,780 stock options with a fair value of $90,361 to officers and directors of the Company. The stock options are exercisable at a price of $0.26 per share until September 22, 2028. On February 21, 2023, the Company granted a total of 1,045,000 stock options with a fair value of $466,527 to employees, officers, directors and consultants of the Company, exercisable at a weighted average price of $0.53 (C$0.72) per share until February 21, 2028. The following incentive stock options were outstanding and exercisable as at October 31, 2023: Number of Options Weighted Price (C$) Expiry Date 170,000 1.00 November 30, 2023 280,000 0.70 August 21, 2024 1,338,500 1.20 September 22, 2025 805,000 0.82 February 7, 2027 1,045,000 0.72 February 21, 2028 397,780 0.35 September 22, 2028 4,036,280 0.87 *expired unexercised subsequent to October 31, 2023 As at October 31, 2023, the aggregate intrinsic value of the Company's stock options is $Nil (July 31, 2023 - $Nil). Stock option transactions are summarized as follows: Number of Options Weighted Average Balance outstanding and exercisable, July 31, 2022 3,038,500 1.02 Options granted 1,045,000 0.72 Options cancelled -60,000 1.08 Options expired -310,000 1.20 Options exercised -75,000 0.50 Balance outstanding and exercisable, July 31, 2023 3,638,500 0.93 Options granted 397,780 0.35 Balance outstanding and exercisable, October 31, 2023 4,036,280 $ 0.87 The following weighted average assumptions were used for the Black-Scholes pricing model valuation of stock options issued during the period ended October 31, 2023 and July 31, 2023: October 31, 2023 July 31, 2023 Risk-free interest rate 4.21% 3.58% Expected life of stock options 5 years 5 years Expected annualized volatility 131.87% 122.01% Share price at grant date $0.26 $0.53 Dividend Nil Nil Forfeiture rate 0% 0% Share-Based Payments The Company has a stock option plan under which it is authorized to grant options to executive officers and directors, employees and consultants enabling them to acquire up to 10% of the issued and outstanding common stock of the Company. Under the plan the exercise price of each option equals the market price of the Company's stock, less any applicable discount, as calculated on the date of grant. The options can be granted for a maximum term of 5 years with vesting determined by the board of directors. Warrants On June 14, 2022, the Company amended the term of 6,308,310 common share purchase warrants by extending their expiry dates by two years and adding an accelerated expiry provision. Between July 3, 2019 and September 21, 2020 the Company issued a total of 6,308,310 warrants to purchase shares of common stock of the Company in connection with various private placement financings and debt financings. 3,959,727 of these warrants were granted with an exercise price of CAD$1.00 per share ("CAD Priced Warrants") or optional currency settlement choice with amended expiry dates ranging from July 3, 2024 to September 9, 2024, and 2,348,583 of these warrants were granted with an exercise price of US$1.00 per share ("USD Priced Warrants") with amended expiry dates ranging from July 31, 2024 to September 21, 2024. All other terms and conditions of the warrants remain unchanged. The following warrants were outstanding at October 31, 2023: Number of Warrants Exercise Price Expiry Date 518,406 1.00 July 3, 2024 2,291,321 1.00 August 19, 2024 1,150,000 1.00 September 9, 2024 2,181,917 1.36 July 31, 2024 166,666 1.36 September 21, 2024 6,017,500 0.76 January 28, 2024 2,231,429 0.80 January 31, 2025 1,529,008 0.80 February 17, 2025 575,000 0.80 February 17, 2025 16,661,247 0.91 Warrant transactions are summarized as follows: Number of Warrants Weighted Average Exercise Price (C$) Balance, July 31, 2022 12,337,006 $ 0.95 Warrants issued 4,335,437 0.80 Warrants expired (11,196 ) 1.00 Balance, July 31, 2023 and October 31, 2023 16,661,247 0.91

SUPPLEMENTAL DISCLOSURE WITH RE

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS	3 Months Ended
	Oct. 31, 2023
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS [Text Block]	12. SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS During the three-month periods ended October 31, 2023 and 2022, the Company had the following non-cash financing and investing activities: For the period ended October 31, 2023: a) For the period ended October 31, 2022: a)

SEGMENTED INFORMATION

SEGMENTED INFORMATION	3 Months Ended
	Oct. 31, 2023
Segment Reporting [Abstract]
SEGMENTED INFORMATION [Text Block]	13. SEGMENTED INFORMATION A reporting segment is defined as a component of the Company that: - Engages in business activities from which it may earn revenues and incur expenses; - Operating results are reviewed regularly by the entity's chief operating decision maker; and - Discrete financial information is available. The Company has determined that it operates its business in one geographical segment located in California, United States, where all of its equipment and mineral property interests are located.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	3 Months Ended
	Oct. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENT [Text Block]	14. SUBSEQUENT EVENT As at October 31, 2023, the Company recorded $440,868 in share subscriptions received for a subsequently completed private placement. Subsequent to the period ended October 31, 2023, the Company completed a non-brokered private placement over two tranches for gross proceeds totaling $967,957 through the issuance of 5,377,541 units in total at a price of $0.18 per unit with each unit comprising of one share of common stock and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional share of common stock at an exercise price of $0.26 for a period of two years from the date of issuance. The Company paid fees of $6,480 and issued 36,000 finder's warrants where each finder's warrant entitles the holder to acquire one share at a price of $0.26 until November 7, 2025. Subsequent to the period ended October 31, 2023, the Company granted a total of 707,752 stock options to directors of the Company exercisable at $0.25 per share until December 12, 2028.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Generally Accepted Accounting Principles [Policy Text Block]	Generally Accepted Accounting Principles These unaudited condensed consolidated interim financial statements have been prepared in conformity with generally accepted accounting principles of the United States of America ("US GAAP") and the rules and regulations of the Securities and Exchange Commission ("SEC") for financial information with the instructions to Form 10-Q and Regulation S-K. Results are not necessarily indicative of results which may be achieved in the future. The unaudited condensed consolidated interim financial statements should be read in conjunction with the Company's Annual Report on Form 10-K, which contains the audited financial statements and notes thereto, together with Management's Discussion and Analysis, for the year ended July 31, 2023. Certain information and footnote disclosures normally included in the financial statements prepared in accordance with US GAAP have been condensed or omitted pursuant to such SEC rules and regulations. These financial statements follow the same accounting policies in the annual financial statements. The operating results for the three months ended October 31, 2023 are not necessarily indicative of the results that may be expected for the year ended July 31, 2024.
Basis of Consolidation [Policy Text Block]	Basis of Consolidation These condensed consolidated interim financial statements include the accounts of the Company and its wholly-owned subsidiary, Rise Grass Valley Inc. All significant intercompany accounts and transactions have been eliminated on consolidation. Subsidiaries Subsidiaries are all entities over which the Company has exposure to variable returns from its involvement and has the ability to use power over the investee to affect its returns. The existence and effect of potential voting rights that are currently exercisable or convertible are considered when assessing whether the Company controls another entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company until the date on which control ceases. The accounts of subsidiaries are prepared for the same reporting period as the parent company, using consistent accounting policies. Intercompany transactions, balances and unrealized gains or losses on transactions are eliminated upon consolidation.
Use of Estimates [Policy Text Block]	Use of Estimates The preparation of these financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas requiring the use of estimates include the carrying value and recoverability of mineral properties and the recognition of deferred tax assets based on the change in unrecognized deductible temporary tax differences. Actual results could differ from those estimates and would impact future results of operations and cash flows.

PREPAID EXPENSES (Tables)

PREPAID EXPENSES (Tables)	3 Months Ended
	Oct. 31, 2023
Disclosure Prepaid Expenses [Abstract]
Schedule of Prepaid Expenses [Table Text Block]	October 31, 2023 July 31, 2023 Current Insurance $ 54,187 $ 79,758 Deposits 48,011 50,539 Other 12,527 9,745 Total $ 114,725 $ 140,042

MINERAL PROPERTY INTERESTS (Tab

MINERAL PROPERTY INTERESTS (Tables)	3 Months Ended
	Oct. 31, 2023
Disclosure Mineral Property Interests [Abstract]
Schedule of Mineral Properties [Table Text Block]	Idaho-Maryland, California July 31, 2023 and October 31, 2023 $ 4,149,053
Schedule of Idaho-Maryland Gold Mine expenditures [Table Text Block]	Three months ended Year ended Idaho-Maryland Gold Mine expenditures: Opening balance $ 8,730,982 $ 7,958,346 Consulting 333,321 629,183 Depreciation 5,562 22,971 Engineering 2,014 20,370 Exploration - (28,183 ) Logistics - 21,815 Rent 20,628 97,332 Supplies - 9,148 Sampling - - Total expenditures for the period 361,525 772,636 Closing balance $ 9,092,507 $ 8,730,982

EQUIPMENT (Tables)

EQUIPMENT (Tables)	3 Months Ended
	Oct. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Drilling Equipment [Table Text Block]	Cost Drilling equipment At July 31, 2022 $ 644,847 At July 31, 2023 $ 644,847 At October 31, 2023 $ 644,847 Accumulated depreciation At July 31, 2022 $ 93,411 Depreciation 22,971 At July 31, 2023 $ 116,382 Depreciation 5,562 At October 31, 2023 $ 121,944 Total carrying value, July 31, 2023 $ 528,465 Total carrying value, October 31, 2023 $ 522,903

LOAN PAYABLE (Tables)

LOAN PAYABLE (Tables)	3 Months Ended
	Oct. 31, 2023
Disclosure Loan Payable [Abstract]
Schedule of Loan Payable [Table Text Block]	Loan Payable Balance, July 31, 2022 $ 1,364,530 Interest expense 328,097 Accretion expense 149,505 Issuance costs (154,218 ) Repayment (250,000 ) Balance, July 31, 2023 $ 1,437,914 Interest expense 63,543 Accretion expense 30,113 Balance, October 31, 2023 $ 1,531,570
Schedule of Weighted Average Assumptions Used for Black-Scholes Pricing Model Valuation of Warrants [Table Text Block]	February 17, 2023 Risk-free interest rate 4.15% Expected life of warrants 2 years Expected annualized volatility 99.02% Share price at grant date $0.53 Exercise price $0.60 Fair value $0.27 Dividend Nil Forfeiture rate 0%

DERIVATIVE LIABILITY (Tables)

DERIVATIVE LIABILITY (Tables)	3 Months Ended
	Oct. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Liability [Table Text Block]	Number of warrants accounted for as Warrant derivative derivative liability Balance, July 31, 2022 $ 373,910 4,991,645 Fair value adjustment (233,895 ) - Balance, July 31, 2023 $ 140,015 4,991,645 Fair value adjustment 82,481 - Balance, October 31, 2023 $ 222,496 4,991,645
Schedule of Weighted Average Assumptions of Warrants [Table Text Block]	October 31, 2023 July 31, 2023 Risk-free interest rate 4.63% 4.67% Expected life of warrants 0.67 to 0.80 years 0.93 to 1.05 years Expected annualized volatility 158.5% to 167.04% 151.04% to 154.60% Share price at measurement date $0.29 $0.19 Dividend Nil Nil Forfeiture rate 0% 0%

CAPITAL STOCK AND ADDITIONAL _2

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL (Tables)	3 Months Ended
	Oct. 31, 2023
Disclosure Capital Stock And Additional Paidincapital Tables Abstract
Schedule of Stock Options Roll Forward [Table Text Block]	Number of Options Weighted Price (C$) Expiry Date 170,000 1.00 November 30, 2023 280,000 0.70 August 21, 2024 1,338,500 1.20 September 22, 2025 805,000 0.82 February 7, 2027 1,045,000 0.72 February 21, 2028 397,780 0.35 September 22, 2028 4,036,280 0.87
Schedule of Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number of Options Weighted Average Balance outstanding and exercisable, July 31, 2022 3,038,500 1.02 Options granted 1,045,000 0.72 Options cancelled -60,000 1.08 Options expired -310,000 1.20 Options exercised -75,000 0.50 Balance outstanding and exercisable, July 31, 2023 3,638,500 0.93 Options granted 397,780 0.35 Balance outstanding and exercisable, October 31, 2023 4,036,280 $ 0.87
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	October 31, 2023 July 31, 2023 Risk-free interest rate 4.21% 3.58% Expected life of stock options 5 years 5 years Expected annualized volatility 131.87% 122.01% Share price at grant date $0.26 $0.53 Dividend Nil Nil Forfeiture rate 0% 0%
Schedule of Warrants Outstanding [Table Text Block]	Number of Warrants Exercise Price Expiry Date 518,406 1.00 July 3, 2024 2,291,321 1.00 August 19, 2024 1,150,000 1.00 September 9, 2024 2,181,917 1.36 July 31, 2024 166,666 1.36 September 21, 2024 6,017,500 0.76 January 28, 2024 2,231,429 0.80 January 31, 2025 1,529,008 0.80 February 17, 2025 575,000 0.80 February 17, 2025 16,661,247 0.91
Schedule of Warrants, Valuation Assumptions [Table Text Block]	Number of Warrants Weighted Average Exercise Price (C$) Balance, July 31, 2022 12,337,006 $ 0.95 Warrants issued 4,335,437 0.80 Warrants expired (11,196 ) 1.00 Balance, July 31, 2023 and October 31, 2023 16,661,247 0.91

NATURE AND CONTINUANCE OF OPE_2

NATURE AND CONTINUANCE OF OPERATIONS (Narrative) (Details) - USD ($)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023	Sep. 18, 2020	Sep. 17, 2020
Authorized capital	400,000,000		400,000,000	400,000,000	40,000,000
Loss for the period	$ (1,378,425)	$ (684,538)
Accumulated deficit	(28,047,411)		$ (26,668,986)
Working capital	$ 193,225		$ 472,272

CASH AND CASH EQUIVALENTS (Narr

CASH AND CASH EQUIVALENTS (Narrative) (Details) - USD ($)	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2022	Jul. 31, 2022
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 686,283	$ 758,272	$ 166,805	$ 471,918
GIC [Member]
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 236,046	$ 682,807

PREPAID EXPENSES - Schedule of

PREPAID EXPENSES - Schedule of Prepaid Expenses (Details) - USD ($)	Oct. 31, 2023	Jul. 31, 2023
Disclosure Prepaid Expenses Details Abstract
Insurance	$ 54,187	$ 79,758
Deposits	48,011	50,539
Other	12,527	9,745
Prepaid Expenses	$ 114,725	$ 140,042

MINERAL PROPERTY INTERESTS (Nar

MINERAL PROPERTY INTERESTS (Narrative) (Details)

1 Months Ended

May 14, 2018 USD ($)

Jun. 07, 2017 USD ($)

Apr. 03, 2017 USD ($)

Jan. 06, 2017 USD ($)

Jan. 25, 2017 USD ($) shares

Aug. 30, 2016 USD ($)

Oct. 31, 2023 $ / shares

Oct. 31, 2023 USD ($)

Jul. 31, 2023 $ / shares

Jul. 31, 2023 USD ($)

Jul. 31, 2022 $ / shares

Jul. 31, 2022 USD ($)

Jan. 25, 2017 $ / shares

Jan. 25, 2017 USD ($)

Mineral Property Interests [Line Items]

Warrant exercise price | $ / shares

$ 0.91

$ 0.91

$ 0.95

Idaho Maryland Gold Mine Property [Member]

Mineral Property Interests [Line Items]

Payments for non-refundable cash deposit

$ 25,000

Purchase price

$ 1,950,000

Payments for commissions

$ 140,000

Commission percentage on purchase price

7%

Number of units issued | shares

92,000

Issuance price per unit | $ / shares

$ 2

Warrant exercise price | $ / shares

$ 4

Transaction costs

$ 109,053

Cumulative exploration expenditures

$ 9,092,507

$ 8,730,982

$ 7,958,346

Idaho Maryland Gold Mine Property [Member] | Series of Individually Immaterial Asset Acquisitions [Member]

Mineral Property Interests [Line Items]

Purchase price for acquisition of assets

$ 2,000,000

$ 2,000,000

Sierra Pacific Industries Inc [Member]

Mineral Property Interests [Line Items]

Payments for non-refundable cash deposit

$ 100,000

Cash payment

$ 1,300,000

$ 300,000

$ 200,000

Payment due in order to exercise option

$ 1,300,000

$ 1,600,000

Sierra Pacific Industries Inc [Member] | Series of Individually Immaterial Asset Acquisitions [Member]

Mineral Property Interests [Line Items]

Purchase price for acquisition of assets

$ 1,900,000

Idaho Maryland Gold Mine [Member] | Idaho Maryland Gold Mine Property [Member]

Mineral Property Interests [Line Items]

Percentage of interest acquired

100%

100%

Sierra Pacific Industries [Member] | Sierra Pacific Industries Inc [Member]

Mineral Property Interests [Line Items]

Percentage of interest acquired

100%

MINERAL PROPERTY INTERESTS - Sc

MINERAL PROPERTY INTERESTS - Schedule of Mineral Properties (Details) - USD ($)	Oct. 31, 2023	Jul. 31, 2023
Mineral Property Interests [Line Items]
Mineral property interests	$ 4,149,053	$ 4,149,053
Idaho-Maryland, California [Member]
Mineral Property Interests [Line Items]
Mineral property interests	$ 4,149,053	$ 4,149,053

MINERAL PROPERTY INTERESTS - _2

MINERAL PROPERTY INTERESTS - Schedule of Idaho-Maryland Gold Mine expenditures (Details) - USD ($)	3 Months Ended		12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Mineral Property Interests [Line Items]
Depreciation	$ 5,562	$ 5,653
Idaho Maryland Gold Mine Property [Member]
Mineral Property Interests [Line Items]
Opening balance	8,730,982	$ 7,958,346	$ 7,958,346
Consulting	333,321		629,183
Depreciation	5,562		22,971
Engineering	2,014		20,370
Exploration	0		(28,183)
Logistics	0		21,815
Rent	20,628		97,332
Supplies	0		9,148
Sampling	0		0
Total expenditures for the year	361,525		772,636
Closing balance	$ 9,092,507		$ 8,730,982

EQUIPMENT - Schedule of Drillin

EQUIPMENT - Schedule of Drilling Equipment (Details) - USD ($)	3 Months Ended		12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Accumulated depreciation
Depreciation	$ 5,562	$ 5,653
Total Carrying Value	522,903		$ 528,465
Drilling Equipment [Member]
Cost
Beginning Balance	644,847	644,847	644,847
Ending Balance	644,847		644,847
Accumulated depreciation
Beginning Balance	116,382	$ 93,411	93,411
Depreciation	5,562		22,971
Ending Balance	121,944		116,382
Total Carrying Value	$ 522,903		$ 528,465

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($)	3 Months Ended		12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Related Party Transaction [Line Items]
Salaries	$ 84,301	$ 33,750
Directors fees	28,022	20,000
Professional fees	337,541	$ 154,096
Due to related parties	83,440		$ 51,159
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Salaries	84,301		33,750
Professional fees	14,182		0
Advisor [Member]
Related Party Transaction [Line Items]
Professional fees	16,303		0
Director [Member]
Related Party Transaction [Line Items]
Directors fees	28,022		20,000
Professional fees	$ 33,147		33,833
Number of stocks issued private placement	2,113,332
Gross proceeds from private placement	$ 380,400		0
Equity Option [Member]
Related Party Transaction [Line Items]
Share-based compensation	$ 90,361		$ 0

LOAN PAYABLE (Narrative) (Detai

LOAN PAYABLE (Narrative) (Details)		1 Months Ended
	Sep. 03, 2019 USD ($)	Feb. 28, 2023 USD ($) $ / shares shares	Oct. 31, 2023 $ / shares	Jul. 31, 2023 $ / shares	Jul. 31, 2022 $ / shares	Sep. 03, 2019 $ / shares	Sep. 03, 2019 USD ($) $ / shares shares
Debt Instrument [Line Items]
Warrant exercise price | $ / shares			$ 0.91	$ 0.91	$ 0.95
Eridanus Capital LLC [Member] | Loans payable [Member]
Debt Instrument [Line Items]
Proceeds	$ 1,000,000
Loan term	4 years
Interest rate description	annual interest rate of 10% for the first two years increasing to 20% in year 3 and to 25% in year 4. Interest will accrue and be paid along with the principal upon the maturity date.
Interest rate		15%
Interest rate revert per annum		25%
New effective interest rate		32.67%
Number of warrants received | shares		575,000					1,150,000
Fair value of warrants received							$ 444,942
Amount paid to lender	$ 15,000	$ 250,000
Issuance costs	$ 459,942
Warrant exercise price | (per share)		$ 0.6				$ 1	$ 0.8
Debt Instrument, Description	The Loan may be repaid prior to the maturity date, in whole or in part, provided that all accrued interest is paid. In addition, if total interest payments are less than $200,000, the difference will be paid to the Lender as prepayment compensation.	The maturity date of the loan has been extended by one year to September 4, 2024 and the interest rate has been reduced to 15% compounding monthly for a period of 12 months after which it reverts to 25% per annum, compounding monthly. The renegotiation of the debt was accounted for as a non - substantial debt modification. Accordingly, no gain or loss was recorded and a new effective interest rate of 32.67% was established based on the carrying value of the debt and the revised cash flow. Each warrant entitles the holder to acquire one share at an exercise price of $0.60 for a period of two years from the date of issuance. The fair value of these warrants was calculated to be $154,218 which was netted against the loan payable balance.
Fair value of warrant		$ 154,218
Maximum total interest payments for repayment to lender	$ 200,000
Eridanus Capital LLC [Member] | Loans payable [Member] | Interest rate in first two years [Member]
Debt Instrument [Line Items]
Interest rate	10%
Eridanus Capital LLC [Member] | Loans payable [Member] | Interest rate in year three [Member]
Debt Instrument [Line Items]
Interest rate	20%
Eridanus Capital LLC [Member] | Loans payable [Member] | Interest rate in year four [Member]
Debt Instrument [Line Items]
Interest rate	25%

LOAN PAYABLE - Schedule of Loan

LOAN PAYABLE - Schedule of Loan Payable (Details) - USD ($)	3 Months Ended		12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Jul. 31, 2023
Debt Instrument [Line Items]
Balance	$ 1,437,914
Accretion expense	30,113	$ 28,963
Balance	1,531,570		$ 1,437,914
Eridanus Capital LLC [Member] | Loans payable [Member]
Debt Instrument [Line Items]
Balance	1,437,914	$ 1,364,530	1,364,530
Interest expense	63,543		328,097
Accretion expense	30,113		149,505
Issuance costs			(154,218)
Repayment			(250,000)
Balance	$ 1,531,570		$ 1,437,914

LOAN PAYABLE - Schedule of Weig

LOAN PAYABLE - Schedule of Weighted Average Assumptions of Warrants (Details) - Warrant derivative [Member]	Oct. 31, 2023 USD_Per_Shares	Jul. 31, 2023 USD_Per_Shares	Feb. 17, 2023 USD_Per_Shares Year
Risk-free interest rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	4.63	4.67	4.15
Expected life of warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input | Year			2
Expected annualized volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input			99.02
Share price at grant date [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0.29	0.19	0.53
Exercise price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input			0.6
Fair value [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input			0.27
Dividend [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0	0	0
Forfeiture rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0	0	0

DERIVATIVE LIABILITY (Narrative

DERIVATIVE LIABILITY (Narrative) (Details) - USD ($)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gain on fair value adjustment on derivative liability	$ (82,481)	$ 17,984

DERIVATIVE LIABILITY - Schedule

DERIVATIVE LIABILITY - Schedule of Derivative Liability (Details) - USD ($)	3 Months Ended	12 Months Ended
	Oct. 31, 2023	Jul. 31, 2023
Derivative [Line Items]
Number of warrants accounted for as derivative liability, Expiry		(11,196)
Warrant derivative [Member]
Derivative [Line Items]
Warrant derivative, Beginning Balance	$ 140,015	$ 373,910
Number of warrants accounted for as derivative liability, Beginning Balance	4,991,645	4,991,645
Warrant derivative, Fair value adjustment	$ 82,481	$ (233,895)
Number of warrants accounted for as derivative liability, Fair value adjustment	0	0
Warrant derivative, Ending Balance	$ 222,496	$ 140,015
Number of warrants accounted for as derivative liability, Ending Balance	4,991,645	4,991,645

DERIVATIVE LIABILITY - Schedu_2

DERIVATIVE LIABILITY - Schedule of Weighted Average Assumptions of Warrants (Details) - Warrant derivative [Member]	Oct. 31, 2023 USD_Per_Shares Year	Jul. 31, 2023 USD_Per_Shares Year	Feb. 17, 2023 USD_Per_Shares Year
Risk-free interest rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	4.63	4.67	4.15
Expected life of warrants [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input			2
Expected life of warrants [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0.67	0.93
Expected life of warrants [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0.8	1.05
Expected annualized volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input			99.02
Expected annualized volatility [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	158.5	151.04
Expected annualized volatility [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	167.04	154.6
Share price at measurement date [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input | USD_Per_Shares	0.29	0.19	0.53
Dividend [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0	0	0
Forfeiture rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Derivative Liability, Measurement Input	0	0	0

CAPITAL STOCK AND ADDITIONAL _3

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL (Narrative) (Details)

1 Months Ended

3 Months Ended

12 Months Ended

15 Months Ended

Jun. 14, 2022 shares

Sep. 22, 2023 USD ($) $ / shares shares

Feb. 21, 2023 $ / shares

Feb. 21, 2023 USD ($) $ / shares shares

Feb. 17, 2023 USD ($) $ / shares shares

Oct. 31, 2023 $ / shares

Oct. 31, 2023 USD ($) shares

Oct. 31, 2022 USD ($)

Jul. 31, 2023 $ / shares shares

Sep. 21, 2020 $ / shares shares

Oct. 31, 2023 USD ($) $ / shares

Jul. 31, 2023 USD ($) $ / shares

Jul. 31, 2022 $ / shares

Capital Stock And Additional Paid In Capital [Line Items]

Number of common share purchase warrants issued | shares

6,308,310

6,308,310

Warrant exercise price | $ / shares

$ 0.91

$ 0.91

$ 0.95

Legal fees | $

$ 52,583

$ 105,570

Number of options granted | shares

397,780

1,045,000

Share-based payments | $

$ 90,361

$ 0

Weighted average exercise price of options granted | $ / shares

0.35

$ 0.72

Weighted average exercise price | $ / shares

$ 0.87

$ 0.93

$ 1.02

Non-brokered private placement [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Legal fees | $

$ 10,563

Non-brokered private placement [Member] | One tranche [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Gross proceeds from private placement | $

$ 3,000,000

Number of units in non-brokered private placement | shares

7,500,000

Sale of stock, price per share | $ / shares

$ 0.4

Warrant exercise price | $ / shares

$ 0.6

Non-brokered private placement [Member] | One tranche [Member] | Minimum [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Expiration date

Jan. 31, 2025

Non-brokered private placement [Member] | One tranche [Member] | Maximum [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Expiration date

Feb. 17, 2025

Director [Member] | Non-brokered private placement [Member] | One tranche [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Gross proceeds from private placement | $

$ 957,720

Number of units in non-brokered private placement | shares

2,394,299

Finder Warrants [Member] | Non-brokered private placement [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Finders and legal fees | $

$ 4,014

Number of finders warrants issued | shares

10,440

Stock option [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Aggregate intrinsic value of options | $

$ 0

$ 0

Share Price | $ / shares

$ 0.26

$ 0.53

Stock option [Member] | Employees, officers and directors [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Number of options granted | shares

397,780

1,045,000

Share-based payments | $

$ 90,361

$ 466,527

Weighted average exercise price of options granted | (per share)

$ 0.26

$ 0.72

$ 0.53

Stock option [Member] | Executive officers and directors, employees and consultants [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Stock option acquisition percentage

10%

CAD Priced Warrants [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Number of common share purchase warrants issued | shares

3,959,727

Warrant exercise price | $ / shares

$ 1

USD Priced Warrants [Member]

Capital Stock And Additional Paid In Capital [Line Items]

Number of common share purchase warrants issued | shares

2,348,583

Warrant exercise price | $ / shares

$ 1

CAPITAL STOCK AND ADDITIONAL _4

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL - Schedule of Stock Options Roll Forward (Details) - $ / shares	3 Months Ended
	Oct. 31, 2023	Jul. 31, 2023	Jul. 31, 2022
Capital Stock And Additional Paid In Capital [Line Items]
Number of Options	4,036,280	3,638,500	3,038,500
Weighted Average Exercise Price (C$)	$ 0.87
Stock Option One [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Options	170,000
Weighted Average Exercise Price (C$)	$ 1
Expiry Date	Nov. 30, 2023
Stock Option Two [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Options	280,000
Weighted Average Exercise Price (C$)	$ 0.7
Expiry Date	Aug. 21, 2024
Stock Option Three [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Options	1,338,500
Weighted Average Exercise Price (C$)	$ 1.2
Expiry Date	Sep. 22, 2025
Stock Option Four [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Options	805,000
Weighted Average Exercise Price (C$)	$ 0.82
Expiry Date	Feb. 07, 2027
Stock Option Five [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Options	1,045,000
Weighted Average Exercise Price (C$)	$ 0.72
Expiry Date	Feb. 21, 2028
Stock Option Six [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Options	397,780
Weighted Average Exercise Price (C$)	$ 0.35
Expiry Date	Sep. 22, 2028

CAPITAL STOCK AND ADDITIONAL _5

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL - Share-based Payment Arrangement, Option, Activity (Details) - $ / shares	3 Months Ended	12 Months Ended
	Oct. 31, 2023	Jul. 31, 2023
Number of Options
Beginning Balance	3,638,500	3,038,500
Options granted	397,780	1,045,000
Options cancelled		(60,000)
Options expired		(310,000)
Options exercised		(75,000)
Ending Balance	4,036,280	3,638,500
Weighted Average Exercise Price
Beginning Balance	$ 0.93	$ 1.02
Options granted	0.35	0.72
Options cancelled		1.08
Options expired		1.2
Options exercised		0.5
Ending Balance	$ 0.87	$ 0.93

CAPITAL STOCK AND ADDITIONAL _6

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - Stock option [Member] - $ / shares	3 Months Ended	12 Months Ended
	Oct. 31, 2023	Jul. 31, 2023
Capital Stock And Additional Paid In Capital [Line Items]
Risk-free interest rate	4.21%	3.58%
Expected life of stock options	5 years	5 years
Expected annualized volatility	131.87%	122.01%
Share price at grant date	$ 0.26	$ 0.53
Dividend	0%	0%
Forfeiture rate	0%	0%

CAPITAL STOCK AND ADDITIONAL _7

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL - Schedule of Warrants Roll Forward (Details) - $ / shares	3 Months Ended
	Oct. 31, 2023	Jul. 31, 2023	Jul. 31, 2022
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	16,661,247	16,661,247	12,337,006
Exercise Price	$ 0.91	$ 0.91	$ 0.95
Warrant One [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	518,406
Exercise Price	$ 1
Expiry Date	Jul. 03, 2024
Warrant Two [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	2,291,321
Exercise Price	$ 1
Expiry Date	Aug. 19, 2024
Warrant Three [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	1,150,000
Exercise Price	$ 1
Expiry Date	Sep. 09, 2024
Warrant Four [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	2,181,917
Exercise Price	$ 1.36
Expiry Date	Jul. 31, 2024
Warrant Five [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	166,666
Exercise Price	$ 1.36
Expiry Date	Sep. 21, 2024
Warrant Six [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	6,017,500
Exercise Price	$ 0.76
Expiry Date	Jan. 28, 2024
Warrant Seven [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	2,231,429
Exercise Price	$ 0.8
Expiry Date	Jan. 31, 2025
Warrant Eight [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	1,529,008
Exercise Price	$ 0.8
Expiry Date	Feb. 17, 2025
Warrant Nine [Member]
Capital Stock And Additional Paid In Capital [Line Items]
Number of Warrants	575,000
Exercise Price	$ 0.8
Expiry Date	Feb. 17, 2025

CAPITAL STOCK AND ADDITIONAL _8

CAPITAL STOCK AND ADDITIONAL PAID-IN-CAPITAL - Share-based Payment Arrangement, Warrants, Activity (Details)	12 Months Ended
	Jul. 31, 2023 $ / shares shares
Number of Warrants
Beginning Balance | shares	12,337,006
Warrants issued | shares	4,335,437
Warrants expired | shares	(11,196)
Ending Balance | shares	16,661,247
Weighted Average Exercise Price
Beginning Balance | $ / shares	$ 0.95
Warrants issued | $ / shares	0.8
Warrants expired | $ / shares	1
Ending Balance | $ / shares	$ 0.91

SUPPLEMENTAL DISCLOSURE WITH _2

SUPPLEMENTAL DISCLOSURE WITH RESPECT TO CASH FLOWS (Narrative) (Details) - USD ($)	3 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Interest expense	$ 63,543	$ 97,815

SEGMENTED INFORMATION (Narrativ

SEGMENTED INFORMATION (Narrative) (Details)	3 Months Ended
	Oct. 31, 2023 Segment
Segment Reporting [Abstract]
Number of operating segment	1

SUBSEQUENT EVENT (Narrative) (D

SUBSEQUENT EVENT (Narrative) (Details)	1 Months Ended		3 Months Ended	12 Months Ended
	Dec. 12, 2023 USD ($) $ / shares shares	Feb. 17, 2023 USD ($) $ / shares shares	Oct. 31, 2023 $ / shares shares	Jul. 31, 2023 $ / shares shares	Oct. 31, 2023 USD ($)	Jul. 31, 2022 $ / shares
Subsequent Event [Line Items]
Number of options granted | shares			397,780	1,045,000
Weighted average exercise price of options granted | $ / shares			$ 0.35	$ 0.72
Amount recorded as share subscriptions received for private placement | $					$ 440,868
Warrant exercise price | $ / shares			$ 0.91	$ 0.91		$ 0.95
Non-brokered private placement [Member] | Finder Warrants [Member]
Subsequent Event [Line Items]
Finders and legal fees | $		$ 4,014
Number of finders warrants issued | shares		10,440
Non-brokered private placement [Member] | One tranche [Member]
Subsequent Event [Line Items]
Gross proceeds from private placement | $		$ 3,000,000
Number of units in non-brokered private placement | shares		7,500,000
Sale of stock, price per share | $ / shares		$ 0.4
Warrant exercise price | $ / shares		$ 0.6
Non-brokered private placement [Member] | One tranche [Member] | Director [Member]
Subsequent Event [Line Items]
Gross proceeds from private placement | $		$ 957,720
Number of units in non-brokered private placement | shares		2,394,299
Subsequent Event [Member] | Director [Member] | Stock option [Member]
Subsequent Event [Line Items]
Number of options granted | shares	707,752
Weighted average exercise price of options granted | $ / shares	$ 0.25
Expiration date	Dec. 12, 2028
Subsequent Event [Member] | Non-brokered private placement [Member] | Finder Warrants [Member]
Subsequent Event [Line Items]
Finders and legal fees | $	$ 6,480
Number of finders warrants issued | shares	36,000
Subsequent Event [Member] | Non-brokered private placement [Member] | One tranche [Member]
Subsequent Event [Line Items]
Gross proceeds from private placement | $	$ 967,957
Number of units in non-brokered private placement | shares	5,377,541
Sale of stock, price per share | $ / shares	$ 0.18
Warrant exercise price | $ / shares	$ 0.26
Expiration date	Nov. 07, 2025