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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Apr. 30, 2024 | Apr. 30, 2023 | Apr. 30, 2024 | Apr. 30, 2023
OPERATING ACTIVITIES |  |  |  |
Net loss for the period | $ (19,677) | $ (10,960) | $ (14,106) | $ (3,824)
Adjustments to reconcile net loss to cash flows in operating activities |  |  |  |
Stock-based compensation | 1,103 | 1,182 | 3,987 | 4,455
Depreciation, amortization and accretion |  |  | 1,620 | 1,504
(Income) loss from equity-accounted investment | (3,306) | 900 | (4,958) | 985
Loss (gain) on disposition of assets | 46 | 0 | 33 | (2)
(Gain) loss on revaluation of equity securities | 13,804 | 12,649 | (23,585) | 12,992
Loss (gain) on revaluation of derivative liabilities | (2,071) | (5,550) | 9,892 | (4,651)
Deferred tax recovery |  |  | (3,633) | (780)
Gain on settlement of liabilities | 0 | (235) | 0 | (427)
Changes in operating assets and liabilities |  |  |  |
Inventories |  |  | (57,179) | 39,933
Prepaid expenses and deposits |  |  | (318) | 838
Other current assets |  |  | (262) | (646)
Accounts payable and accrued liabilities |  |  | (5,389) | (6,598)
Other liabilities |  |  | 27 | (1)
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES |  |  | (93,871) | 43,778
FINANCING ACTIVITIES |  |  |  |
Proceeds from share issuances, net of issuance costs |  |  | 160,239 | 64,853
Repayments of other loans |  |  | 0 | (66)
Cash paid for withholding amounts on option exercise |  |  | (947) | (147)
NET CASH PROVIDED BY FINANCING ACTIVITIES |  |  | 159,292 | 64,640
INVESTING ACTIVITIES |  |  |  |
Investment in mineral rights and properties |  |  | (1,391) | (51)
Capital contribution to equity-accounted investment |  |  | (2,388) | (595)
Purchase of additional interest in equity-accounted investment |  |  | (9,238) | 0
Investment in equity securities |  |  | (12,115) | (42,219)
Proceeds from sale of equity securities |  |  | 3,008 | 0
Purchase of property, plant and equipment |  |  | (1,166) | (337)
Proceeds from disposition of assets |  |  | 8 | 2
NET CASH USED IN INVESTING ACTIVITIES |  |  | (23,282) | (123,333)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH |  |  | 42,139 | (14,915)
FOREIGN EXCHANGE DIFFERENCE ON CASH |  |  | (27) | (158)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD |  |  | 52,865 | 39,787
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD | $ 94,977 | $ 24,714 | 94,977 | 24,714
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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