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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended
--- | ---
Jan. 31, 2024 | Jan. 31, 2023
OPERATING ACTIVITIES |  |
Net income for the period | $ 5,571 | $ 7,136
Adjustments to reconcile net loss to cash flows in operating activities |  |
Stock-based compensation | 2,884 | 3,273
Depreciation, amortization and accretion | 1,069 | 998
(Income) loss from equity-accounted investment | (1,652) | 85
Gain on disposition of assets | (13) | (2)
(Gain) loss on revaluation of equity securities | (37,389) | 343
Loss on revaluation of derivative liabilities | 11,963 | 899
Deferred tax recovery | (1,802) | (445)
Changes in operating assets and liabilities |  |
Inventories | (57,194) | 45,533
Prepaid expenses and deposits | (105) | 623
Other current assets | (28) | 211
Accounts payable and accrued liabilities | (4,743) | (5,081)
Other liabilities | 29 | (2)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | (81,410) | 53,571
FINANCING ACTIVITIES |  |
Proceeds from share issuances, net of issuance costs | 131,162 | 54,232
Repayments of other loans | 0 | (66)
Cash paid for withholding amounts on option exercise | (875) | (147)
NET CASH PROVIDED BY FINANCING ACTIVITIES | 130,287 | 54,019
INVESTING ACTIVITIES |  |
Investment in mineral rights and properties | (1,391) | (51)
Capital contribution to equity-accounted investment | (1,645) | (588)
Purchase of additional interest in equity-accounted investment | (5,676) | 0
Investment in equity securities | (5,548) | (26,328)
Proceeds from sale of equity securities | 3,008 | 0
Purchase of property, plant and equipment | (937) | (287)
Proceeds from disposition of assets | 0 | 2
NET CASH USED IN INVESTING ACTIVITIES | (12,189) | (107,385)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 36,688 | 205
FOREIGN EXCHANGE DIFFERENCE ON CASH | (15) | (128)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD | 52,865 | 39,787
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | 89,538 | 39,864
UEX Corporation [Member] |  |
INVESTING ACTIVITIES |  |
Cash used in acquisition | 0 | 1,984
Roughrider [Member] |  |
INVESTING ACTIVITIES |  |
Cash used in acquisition | $ 0 | $ (82,117)

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