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Note 4 - Mineral Rights and Properties | 6 Months Ended
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Jan. 31, 2024
Notes to Financial Statements |
Mineral Industries Disclosures [Text Block] |
NOTE 4: | MINERAL RIGHTS AND PROPERTIES
Mineral Rights As at January 31, 2024, we own mineral rights in the States of Arizona, New Mexico, Texas and Wyoming, in Canada and in the Republic of Paraguay. These mineral rights were acquired through staking, purchase or lease or option agreements and are subject to varying royalty interests, some of which are indexed to the sale price of uranium or titanium. As of January 31, 2024, annual maintenance payments of approximately $4,106 will be required to maintain these mineral rights. As at January 31, 2024, the carrying value of our mineral rights and properties were as follows:
Costs |  | United States |  |  | Canada |  |  | Paraguay |  |  | Total |
Balance, July 31, 2023 |  | $ | 172,440 |  |  | $ | 384,607 |  |  | $ | 15,014 |  |  | $ | 572,061 |
Additions |  |  | 50 |  |  |  | 1,340 |  |  |  | - |  |  |  | 1,390 |
Foreign exchange difference |  |  | - |  |  |  | (3,365 | ) |  |  | - |  |  |  | (3,365 | )
Balance, January 31, 2024 |  |  | 172,490 |  |  |  | 382,582 |  |  |  | 15,014 |  |  |  | 570,086 |
Accumulated Amortization and Impairment |  | United States |  |  | Canada |  |  | Paraguay |  |  | Total |
Balance, July 31, 2023 |  |  | (6,389 | ) |  |  | (112 | ) |  |  | - |  |  |  | (6,501 | )
Foreign exchange difference |  |  | - |  |  |  | 3 |  |  |  | - |  |  |  | 3 |
Balance, January 31, 2024 |  |  | (6,389 | ) |  |  | (109 | ) |  |  | - |  |  |  | (6,498 | )
Carrying Value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, July 31, 2023 |  | $ | 166,051 |  |  | $ | 384,495 |  |  | $ | 15,014 |  |  | $ | 565,560 |
Balance, January 31, 2024 |  | $ | 166,101 |  |  | $ | 382,473 |  |  | $ | 15,014 |  |  | $ | 563,588 |

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