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Note 4 - Mineral Rights and Properties | 9 Months Ended
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Apr. 30, 2024
Notes to Financial Statements |
Mineral Industries Disclosures [Text Block] |
NOTE 4: | MINERAL RIGHTS AND PROPERTIES
Mineral Rights As at April 30, 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 April 30, 2024, annual maintenance payments of approximately $4,818 will be required to maintain these mineral rights. As at April 30, 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 |  |  | - |  |  |  | (8,520 | ) |  |  | - |  |  |  | (8,520 | )
Balance, April 30, 2024 |  |  | 172,490 |  |  |  | 377,427 |  |  |  | 15,014 |  |  |  | 564,931 |
Accumulated Amortization and Impairment |  | United States |  |  | Canada |  |  | Paraguay |  |  | Total |
Balance, July 31, 2023 |  |  | (6,389 | ) |  |  | (112 | ) |  |  | - |  |  |  | (6,501 | )
Foreign exchange difference |  |  | - |  |  |  | 6 |  |  |  | - |  |  |  | 6 |
Balance, April 30, 2024 |  |  | (6,389 | ) |  |  | (106 | ) |  |  | - |  |  |  | (6,495 | )
Carrying Value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, July 31, 2023 |  | $ | 166,051 |  |  | $ | 384,495 |  |  | $ | 15,014 |  |  | $ | 565,560 |
Balance, April 30, 2024 |  | $ | 166,101 |  |  | $ | 377,321 |  |  | $ | 15,014 |  |  | $ | 558,436 |

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