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Note 7 - Restricted Cash | 9 Months Ended
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Apr. 30, 2022
Notes to Financial Statements |
Restricted Cash [Text Block] | NOTE 7: RESTRICTED CASH Restricted cash includes cash and cash equivalents and money market funds pledged 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 the completion of reclamation of a plant or a mineral property or the restructuring of a surety and collateral arrangement. As at April 30, 2022, restricted cash consisted of the following:
|  | April 30, 2022 |  |  | July 31, 2021 |
Restricted cash, beginning of period |  | $ | 2,037,677 |  |  | $ | 1,839,216 |
Restricted cash received from U1A Acquisition |  |  | 13,754,533 |  |  |  | - |
(Release) addition of surety bond collateral |  |  | (1,754,507 | ) |  |  | 198,377 |
Interest received |  |  | 392 |  |  |  | 84 |
Restricted cash, end of period |  | $ | 14,038,095 |  |  | $ | 2,037,677 |
During the three months ended April 30, 2022, we received $1,754,507 as a result of the partial release of surety bond collateral related to the Christensen Ranch Mine and Irigaray Processing Facility. Cash, cash equivalents and restricted cash are included in the following accounts as at April 30, 2022 and 2021:
|  | April 30, 2022 |  |  | April 30, 2021 |
Cash and cash equivalents |  | $ | 23,754,031 |  |  | $ | 43,930,316 |
Restricted cash |  |  | 14,038,095 |  |  |  | 2,037,677 |
Total cash, cash equivalents and restricted cash |  | $ | 37,792,126 |  |  | $ | 45,967,993 |

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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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