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Note 6 - Restricted Cash | 12 Months Ended
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Jul. 31, 2021
Notes to Financial Statements |
Restricted Cash [Text Block] | NOTE 6: RESTRICTED CASH Restricted cash includes cash and cash equivalents as collateral for various bonds posted in favor of applicable state regulatory agencies in Arizona, Texas and Wyoming, for estimated reclamation costs associated with our Palangana Mine, Hobson Processing Facility, Reno Creek Project and Anderson Project. Restricted cash will be released upon completion of reclamation of a mineral property or restructuring of a surety and collateral arrangement. As at July 31, 2021, restricted cash consisted of the following:
|  | July 31, 2021 |  |  | July 31, 2020 |
Restricted cash, beginning of period |  | $ | 1,839,216 |  |  | $ | 1,821,392 |
Additional surety bond collateral |  |  | 198,377 |  |  |  | - |
Interest received |  |  | 84 |  |  |  | 17,824 |
Restricted cash, end of period |  | $ | 2,037,677 |  |  | $ | 1,839,216 |
Cash, cash equivalents and restricted cash are included in the following accounts as at July 31, 2021:
|  | July 31, 2021 |  |  | July 31, 2020 |
Cash and cash equivalents |  | $ | 44,312,780 |  |  | $ | 5,147,703 |
Restricted cash |  |  | 2,037,677 |  |  |  | 1,839,216 |
Total cash, cash equivalents and restricted cash |  | $ | 46,350,457 |  |  | $ | 6,986,919 |

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- Definition Entity's restricted cash balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. + References No definition available. + Details
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- References No definition available. + Details
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