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Note 6 - Restricted Cash | 6 Months Ended
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Jan. 31, 2024
Notes to Financial Statements |
Restricted Cash [Text Block] |
NOTE 6: RESTRICTED CASH
Restricted cash includes cash and cash equivalents and money market funds 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 completion of reclamation of a mineral property or restructuring of a surety and collateral arrangement. Restricted cash consisted of the following:
|  | January 31, 2024 |  |  | July 31, 2023 |
Balance, beginning of year |  | $ | 7,251 |  |  | $ | 7,251 |
Balance, end of year |  | $ | 7,251 |  |  | $ | 7,251 |
Cash, cash equivalents and restricted cash are included in the following accounts:
|  | January 31, 2024 |  |  | July 31, 2023 |
Cash and cash equivalents |  | $ | 82,287 |  |  | $ | 45,614 |
Restricted cash |  |  | 7,251 |  |  |  | 7,251 |
Total cash, cash equivalents and restricted cash |  | $ | 89,538 |  |  | $ | 52,865 |
Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and restricted cash. These assets include Canadian dollar and U.S. dollar denominated certificates of deposit, money market accounts and demand deposits. These instruments are maintained at financial institutions in Canada and the U.S. The maximum credit risk of these assets is the carrying amount less amount covered by the Canada Deposit Insurance Corporation, the Securities Investor Protection Corporation or the U.S. Federal Deposit Insurance Corporation, should the financial institutions with which these amounts are invested be rendered insolvent. The Company does not consider any of its financial assets to be impaired as of January 31, 2024.

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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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