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Note 3 - Inventories | 6 Months Ended
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Jan. 31, 2024
Notes to Financial Statements |
Inventory Disclosure [Text Block] |
NOTE 3: | INVENTORIES
As at January 31, 2024, we held 1,166,000 ( July 31, 2023: 171,000) pounds of purchased uranium concentrate inventory. Costs of inventories consist of the following:
|  | January 31, 2024 |  |  | July 31, 2023 |
Material and supplies |  | $ | 204 |  |  | $ | 228 |
Uranium concentrates from production |  |  | 178 |  |  |  | 178 |
Purchased uranium inventories |  |  | 63,019 |  |  |  | 5,801 |
|  | $ | 63,401 |  |  | $ | 6,207 |
As of January 31, 2024, our uranium inventory purchase commitments for the next five fiscal years are as the follows:
|  | Purchase Commitments |  |  |  |  |
|  | in Pounds |  |  | Purchase Price |
Fiscal 2024 |  |  | 300,000 |  |  | $ | 12,355 |
Fiscal 2025 |  |  | 600,000 |  |  |  | 23,120 |
Fiscal 2026 |  |  | 100,000 |  |  |  | 3,620 |
Total |  |  | 1,000,000 |  |  | $ | 39,095 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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