Note 6 - Restricted Cash

12 Months Ended

Jul. 31, 2021

NOTE

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