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Note 3 - Inventories | 3 Months Ended
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Oct. 31, 2024
Notes to Financial Statements |
Inventory Disclosure [Text Block] |
NOTE 3: | INVENTORIES
As at October 31, 2024, we held 1,256,000 ( July 31, 2024: 1,466,000) pounds of purchased uranium concentrate inventory. Costs of inventories consist of the following:
|  | October 31, 2024 |  |  | July 31, 2024 |
Material and supplies |  | $ | 359 |  |  | $ | 215 |
In-process inventory |  |  | 903 |  |  |  | - |
Uranium concentrates from extraction |  |  | 178 |  |  |  | 178 |
Purchased uranium inventories |  |  | 64,634 |  |  |  | 75,440 |
|  | $ | 66,074 |  |  | $ | 75,833 |
As of October 31, 2024, our uranium inventory purchase commitments for the next five fiscal years are as the follows:
|  | Purchase Commitments |  |  |  |  |
|  | in Pounds |  |  | Purchase Price |
Fiscal 2025 |  |  | 400,000 |  |  | $ | 16,050 |
Fiscal 2026 |  |  | 300,000 |  |  |  | 11,114 |
Total |  |  | 700,000 |  |  | $ | 27,164 |
As of October 31, 2024, we were committed to sell 600,000 pounds of uranium inventory in the amount of $49.75 million for delivery between November 2024 to January 2025. Subsequent to October 31, 2024: a) we sold 500,000 pounds of uranium inventory for $41.40 million at a weighted average price of $82.80 per pound; and b) we entered into contracts to purchase 300,000 pounds of uranium inventory in the amount of $23.43 million at a weighted average price of $78.08 per pound, with delivery in December 2024.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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