SEGMENT INFORMATION

9 Months Ended

Apr. 30, 2012

SEGMENT INFORMATION [Text Block]

NOTE 15: SEGMENTED INFORMATION

The Company currently operates in a single reportable segment and is focused on uranium mining and related activities, including exploration, development, extraction and processing of uranium concentrates, with the majority of the Company’s assets located in the United States. During the nine months ended April 30, 2012, the Company completed two sales of uranium concentrates to one customer comprising all of the Company’s external revenue source.

The table below sets forth the certain long-term assets of each geographic segment:

				April 30, 2012
				United States				Canada		Paraguay		Total
Balance Sheet Items		Texas		Arizona		Other States
Mineral Rights and Properties	$	17,875,447	$	10,612,052	$	993,440	$	-	$	12,923,824	$	42,404,763
Property, Plant and Equipment		8,802,887		8,089		52,568		56,347		47,557		8,967,448
Reclamation Deposits		5,512,323		15,000		813		-		-		5,528,136

				July 31, 2011
				United States				Canada		Paraguay		Total
Balance Sheet Items		Texas		Arizona		Other States
Mineral Rights and Properties	$	15,195,697	$	698,241	$	1,066,566	$	-	$	880,579	$	17,841,083
Property, Plant and Equipment		8,614,831		-		14,386		73,196		-		8,702,413
Reclamation Deposits		4,594,489		15,000		811		-		-		4,610,300

The table below sets forth the operating results of each geographic segment:

					Three months ended April 30, 2012
		United States									Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Cost of sales		-			-			-			-			-			-
Gross profit		-			-			-			-			-			-
Mineral property expenditures		2,191,220			238,586			70,372			-			1,511,811			4,011,989
General and administrative		2,578,447			46,141			54,406			1,073,986			10,988			3,763,968
Depreciation, amortization and accretion		294,078			758			7,252			9,734			2,826			314,648
Other income and expenses		(6,369	)		142,152			-			(1,947	)		(90	)		133,746
Net loss	$	(5,057,376	)	$	(427,637	)	$	(132,030	)	$	(1,081,773	)	$	(1,525,535	)	$	(8,224,351	)

					Three months ended April 30, 2011
		United States									Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Cost of sales		-			-			-			-			-			-
Gross profit		-			-			-			-			-			-
Mineral property expenditures		2,868,229			20,406			35,340			-			-			2,923,975
General and administrative		1,874,837			-			53,744			981,027			54,413			2,964,021
Impairment loss on mineral properties		128,339			-			-			-			-			128,339
Depreciation, amortization and accretion		238,728			-			4,386			9,046			-			252,160
Other income and expenses		(22,528	)		-			-			-			-			(22,528	)
Net loss	$	(5,087,605	)	$	(20,406	)	$	(93,470	)	$	(990,073	)	$	(54,413	)	$	(6,245,967	)

					Nine months ended April 30, 2012
					United States						Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	6,240,000		$	-		$	-		$	-		$	-		$	6,240,000
Cost of sales		3,160,854			-			-			-			-			3,160,854
Gross profit		3,079,146			-			-			-			-			3,079,146
Mineral property expenditures		7,913,401			425,289			150,916			-			2,417,674			10,907,280
General and administrative		7,794,338			246,301			276,475			3,020,492			31,611			11,369,217
Depreciation, amortization and accretion		869,522			1,011			19,551			39,467			5,573			935,124
Other income and expenses		(40,844	)		239,781			-			(1,446	)		(59	)		197,432
Net loss	$	(13,457,271	)	$	(912,382	)	$	(446,942	)	$	(3,058,513	)	$	(2,454,799	)	$	(20,329,907	)

					Nine months ended April 30, 2011
		United States									Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Cost of sales		-			-			-			-			-			-
Gross profit		-			-			-			-			-			-
Mineral property expenditures		8,301,827			36,357			122,782			-			-			8,460,966
General and administrative		9,068,437			-			191,749			3,060,116			154,313			12,474,615
Impairment loss on mineral properties		128,339			-			-			-			-			128,339
Depreciation, amortization and accretion		725,798			-			17,612			24,919			-			768,329
Other income and expenses		(37,664	)		-			-			-			-			(37,664	)
Net loss	$	(18,186,737	)	$	(36,357	)	$	(332,143	)	$	(3,085,035	)	$	(154,313	)	$	(21,794,585	)