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Note 16 - Segmented Information | 9 Months Ended
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Apr. 30, 2022
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | NOTE 16: SEGMENTED INFORMATION We currently operate in one reportable segment which is focused on uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates. As of April 30, 2022, our long-term assets located in the United States totaled $196,574,348 or 83% of our total long-term assets of $237,990,983. The tables below provide a breakdown of the long-term assets by geographic segments:
|  | April 30, 2022 |
|  | United States |  |  |  |  |  |  |  |  |  |
Balance Sheet Items |  | Texas |  |  | Arizona |  |  | Wyoming |  |  | Other States |  |  | Canada |  |  | Paraguay |  |  | Total |
Mineral Rights and Properties |  | $ | 12,420,036 |  |  | $ | 4,677,477 |  |  | $ | 141,941,693 |  |  | $ | 176,971 |  |  | $ | 982,358 |  |  | $ | 15,013,586 |  |  | $ | 175,212,121 |
Property, Plant and Equipment |  |  | 7,011,036 |  |  |  | - |  |  |  | 13,038,394 |  |  |  | - |  |  |  | 30,670 |  |  |  | 369,129 |  |  |  | 20,449,229 |
Restricted Cash |  |  | 1,948,704 |  |  |  | 15,000 |  |  |  | 12,074,391 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 14,038,095 |
Equity-Accounted Investment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 24,829,322 |  |  |  | - |  |  |  | 24,829,322 |
Other Non-Current Assets |  |  | 1,462,793 |  |  |  | - |  |  |  | 1,807,853 |  |  |  | - |  |  |  | 191,570 |  |  |  | - |  |  |  | 3,462,216 |
Total Long-Term Assets |  | $ | 22,842,569 |  |  | $ | 4,692,477 |  |  | $ | 168,862,331 |  |  | $ | 176,971 |  |  | $ | 26,033,920 |  |  | $ | 15,382,715 |  |  | $ | 237,990,983 |
|  | July 31, 2021 |
|  | United States |  |  |  |  |  |  |  |  |  |
Balance Sheet Items |  | Texas |  |  | Arizona |  |  | Wyoming |  |  | Other States |  |  | Canada |  |  | Paraguay |  |  | Total |
Mineral Rights and Properties |  | $ | 12,421,161 |  |  | $ | 4,627,477 |  |  | $ | 31,527,870 |  |  | $ | 146,971 |  |  | $ | 546,938 |  |  | $ | 14,513,586 |  |  | $ | 63,784,003 |
Property, Plant and Equipment |  |  | 6,645,905 |  |  |  | - |  |  |  | 312,763 |  |  |  | - |  |  |  | 34,036 |  |  |  | 365,333 |  |  |  | 7,358,037 |
Restricted Cash |  |  | 1,948,704 |  |  |  | 15,000 |  |  |  | 73,973 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,037,677 |
Equity-Accounted Investment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 20,729,674 |  |  |  | - |  |  |  | 20,729,674 |
Other Non-Current Assets |  |  | 522,306 |  |  |  | - |  |  |  | 16,000 |  |  |  | - |  |  |  | 48,026 |  |  |  | - |  |  |  | 586,332 |
Total Long-Term Assets |  | $ | 21,538,076 |  |  | $ | 4,642,477 |  |  | $ | 31,930,606 |  |  | $ | 146,971 |  |  | $ | 21,358,674 |  |  | $ | 14,878,919 |  |  | $ | 94,495,723 |
The tables below provide a breakdown of our operating results by geographic segments for the three and nine months ended April 30, 2022 and 2021. All intercompany transactions have been eliminated.
|  | Three Months Ended April 30, 2022 |
|  | United States |  |  |  |  |  |  |  |  |  |
Statement of Operations |  | Texas |  |  | Arizona |  |  | Wyoming |  |  | Other States |  |  | Canada |  |  | Paraguay |  |  | Total |
Sales and service revenue |  | $ | - |  |  | $ | - |  |  | $ | 92,310 |  |  | $ | 9,800,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 9,892,310 |
Cost of sales and service revenue |  |  | - |  |  |  | - |  |  |  | (76,924 | ) |  |  | (6,477,830 | ) |  |  | - |  |  |  | - |  |  |  | (6,554,754 | )
Gross profit |  |  | - |  |  |  | - |  |  |  | 15,386 |  |  |  | 3,322,170 |  |  |  | - |  |  |  | - |  |  |  | 3,337,556 |
Operating Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenditures |  |  | 1,444,597 |  |  |  | 38,862 |  |  |  | 1,154,402 |  |  |  | 18,534 |  |  |  | (4 | ) |  |  | 256,127 |  |  |  | 2,912,518 |
General and administrative |  |  | 1,841,397 |  |  |  | 3,720 |  |  |  | 295,310 |  |  |  | 447 |  |  |  | 841,833 |  |  |  | 10,829 |  |  |  | 2,993,536 |
Acquisition-related costs |  |  | - |  |  |  | - |  |  |  | 622,297 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 622,297 |
Depreciation, amortization and accretion |  |  | 96,446 |  |  |  | - |  |  |  | 389,452 |  |  |  | - |  |  |  | 4,029 |  |  |  | 1,371 |  |  |  | 491,298 |
Total operating costs |  |  | 3,382,440 |  |  |  | 42,582 |  |  |  | 2,461,461 |  |  |  | 18,981 |  |  |  | 845,858 |  |  |  | 268,327 |  |  |  | 7,019,649 |
Income (loss) from operations |  |  | (3,382,440 | ) |  |  | (42,582 | ) |  |  | (2,446,075 | ) |  |  | 3,303,189 |  |  |  | (845,858 | ) |  |  | (268,327 | ) |  |  | (3,682,093 | )
Other income (expenses) |  |  | (30,601 | ) |  |  | (4,611 | ) |  |  | (82,088 | ) |  |  | - |  |  |  | 11,142,028 |  |  |  | 998 |  |  |  | 11,025,726 |
Income (loss) before income taxes |  | $ | (3,413,041 | ) |  | $ | (47,193 | ) |  | $ | (2,528,163 | ) |  | $ | 3,303,189 |  |  | $ | 10,296,170 |  |  | $ | (267,329 | ) |  | $ | 7,343,633 |
|  | Three Months Ended April 30, 2021 |
|  | United States |  |  |  |  |  |  |  |  |  |  |  |  |
Statement of Operations |  | Texas |  |  | Arizona |  |  | Wyoming |  |  | Other States |  |  | Canada |  |  | Paraguay |  |  | Total |
Operating Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenditures |  | $ | 1,010,005 |  |  | $ | 30,996 |  |  | $ | 215,725 |  |  | $ | 16,335 |  |  | $ | 92 |  |  | $ | 205,601 |  |  | $ | 1,478,754 |
General and administrative |  |  | 2,601,113 |  |  |  | 3,720 |  |  |  | 26,513 |  |  |  | 230 |  |  |  | 645,028 |  |  |  | 9,597 |  |  |  | 3,286,201 |
Depreciation, amortization and accretion |  |  | 89,415 |  |  |  | - |  |  |  | 3,719 |  |  |  | - |  |  |  | 3,858 |  |  |  | 1,194 |  |  |  | 98,186 |
Total operating costs |  |  | 3,700,533 |  |  |  | 34,716 |  |  |  | 245,957 |  |  |  | 16,565 |  |  |  | 648,978 |  |  |  | 216,392 |  |  |  | 4,863,141 |
Loss from operations |  |  | (3,700,533 | ) |  |  | (34,716 | ) |  |  | (245,957 | ) |  |  | (16,565 | ) |  |  | (648,978 | ) |  |  | (216,392 | ) |  |  | (4,863,141 | )
Other income (expenses) |  |  | (613,705 | ) |  |  | (4,611 | ) |  |  | (2,770 | ) |  |  | - |  |  |  | 893,129 |  |  |  | - |  |  |  | 272,043 |
Loss before income taxes |  | $ | (4,314,238 | ) |  | $ | (39,327 | ) |  | $ | (248,727 | ) |  | $ | (16,565 | ) |  | $ | 244,151 |  |  | $ | (216,392 | ) |  | $ | (4,591,098 | )
|  | Nine Months Ended April 30, 2022 |
Statement of Operations |  | United States |  |  |  |  |  |  |  |  |  |
|  | Texas |  |  | Arizona |  |  | Wyoming |  |  | Other States |  |  | Canada |  |  | Paraguay |  |  | Total |
Sales and service revenue |  | $ | - |  |  | $ | - |  |  | $ | 137,235 |  |  | $ | 22,946,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 23,083,235 |
Cost of sales and service revenue |  |  | - |  |  |  | - |  |  |  | (114,362 | ) |  |  | (15,688,600 | ) |  |  | - |  |  |  | - |  |  |  | (15,802,962 | )
Gross profit |  |  | - |  |  |  | - |  |  |  | 22,873 |  |  |  | 7,257,400 |  |  |  | - |  |  |  | - |  |  |  | 7,280,273 |
Operating Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenditures |  |  | 3,701,923 |  |  |  | 96,711 |  |  |  | 2,017,338 |  |  |  | 55,294 |  |  |  | 2,956 |  |  |  | 803,985 |  |  |  | 6,678,207 |
General and administrative |  |  | 6,925,671 |  |  |  | 11,160 |  |  |  | 479,118 |  |  |  | 1,187 |  |  |  | 2,377,353 |  |  |  | 31,196 |  |  |  | 9,825,685 |
Acquisition-related costs |  |  | - |  |  |  | - |  |  |  | 3,267,277 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,267,277 |
Depreciation, amortization and accretion |  |  | 275,701 |  |  |  | - |  |  |  | 701,293 |  |  |  | - |  |  |  | 11,534 |  |  |  | 4,190 |  |  |  | 992,718 |
Total operating costs |  |  | 10,903,295 |  |  |  | 107,871 |  |  |  | 6,465,026 |  |  |  | 56,481 |  |  |  | 2,391,843 |  |  |  | 839,371 |  |  |  | 20,763,887 |
Income (loss) from operations |  |  | (10,903,295 | ) |  |  | (107,871 | ) |  |  | (6,442,153 | ) |  |  | 7,200,919 |  |  |  | (2,391,843 | ) |  |  | (839,371 | ) |  |  | (13,483,614 | )
Other income (expenses) |  |  | (1,061,986 | ) |  |  | (14,146 | ) |  |  | (125,282 | ) |  |  | - |  |  |  | 14,475,207 |  |  |  | 2,829 |  |  |  | 13,276,622 |
Income (loss) before income taxes |  | $ | (11,965,281 | ) |  | $ | (122,017 | ) |  | $ | (6,567,435 | ) |  | $ | 7,200,919 |  |  | $ | 12,083,364 |  |  | $ | (836,542 | ) |  | $ | (206,992 | )
|  | Nine Months Ended April 30, 2021 |
Statement of Operations |  | United States |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Texas |  |  | Arizona |  |  | Wyoming |  |  | Other States |  |  | Canada |  |  | Paraguay |  |  | Total |
Operating Costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mineral property expenditures |  | $ | 2,089,848 |  |  | $ | 93,472 |  |  | $ | 485,791 |  |  | $ | 52,740 |  |  | $ | 7,663 |  |  | $ | 412,258 |  |  | $ | 3,141,772 |
General and administrative |  |  | 6,664,190 |  |  |  | 11,545 |  |  |  | 64,232 |  |  |  | 948 |  |  |  | 1,563,657 |  |  |  | 32,021 |  |  |  | 8,336,593 |
Depreciation, amortization and accretion |  |  | 268,159 |  |  |  | - |  |  |  | 11,157 |  |  |  | - |  |  |  | 13,138 |  |  |  | 2,510 |  |  |  | 294,964 |
Total operating costs |  |  | 9,022,197 |  |  |  | 105,017 |  |  |  | 561,180 |  |  |  | 53,688 |  |  |  | 1,584,458 |  |  |  | 446,789 |  |  |  | 11,773,329 |
Loss from operations |  |  | (9,022,197 | ) |  |  | (105,017 | ) |  |  | (561,180 | ) |  |  | (53,688 | ) |  |  | (1,584,458 | ) |  |  | (446,789 | ) |  |  | (11,773,329 | )
Other income (expenses) |  |  | (2,031,541 | ) |  |  | (14,146 | ) |  |  | (8,336 | ) |  |  | - |  |  |  | 804,800 |  |  |  | 5,001 |  |  |  | (1,244,222 | )
Loss before income taxes |  | $ | (11,053,738 | ) |  | $ | (119,163 | ) |  | $ | (569,516 | ) |  | $ | (53,688 | ) |  | $ | (779,658 | ) |  | $ | (441,788 | ) |  | $ | (13,017,551 | )

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