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SEGMENTED INFORMATION
 12 Months Ended
Jul. 31, 2012
SEGMENTED INFORMATION [Text Block]

NOTE 13: SEGMENTED INFORMATION

The Company currently operates in a single reportable segment and is focused on uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates.

As July 31, 2012, long-term assets located in the U.S. were $44,030,506, or 77% of the Company’s total long-term assets of $57,219,194. During Fiscal 2012, the Company completed three sales of uranium concentrates in the U.S. to two customers comprising all of the Company’s external revenue source.

The table below provides a breakdown of the Company’s long-term assets by geographic segment:

    July 31, 2012  
    United States                    
Balance Sheet Items   Texas     Arizona     Other States     Canada     Paraguay     Total  
Mineral Rights and Properties $ 17,823,405   $ 10,612,052   $ 1,078,907   $   -   $ 13,080,556   $ 42,594,920  
Property, Plant and Equipment   8,919,784     7,331     45,987     63,476     44,656     9,081,234  
Reclamation Deposits   5,527,227     15,000     813     -     -     5,543,040  
Loan Receivable   -     -     -     -     -     -  
Total Long-term Assets $ 32,270,416   $ 10,634,383   $ 1,125,707   $ 63,476   $ 13,125,212   $ 57,219,194  

    July 31, 2011  
    United States                    
Balance Sheet Items   Texas     Arizona     Other States     Canada     Paraguay     Total  
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  
Loan Receivable   300,000     -     -     -     -     300,000  
Total Long-term Assets $ 28,705,017   $ 713,241   $ 1,081,763   $ 73,196   $ 880,579   $ 31,453,796  

The table below provides a breakdown of the Company’s operating results by geographic segment. All intercompany transactions have been eliminated.

    Year ended July 31, 2012  
    United States                    
Statement of Operations   Texas     Arizona     Other States     Canada     Paraguay     Total  
Sales $ 13,757,400   $   -   $   -   $   -   $   -   $ 13,757,400  
Cost of sales   8,112,040     -     -     -     -     8,112,040  
Gross profit   5,645,360     -     -     -     -     5,645,360  
                                     
Mineral property expenditures   11,429,645     465,131     209,067     -     2,834,879     14,938,722  
General and administrative   9,113,348     340,879     349,203     4,179,124     54,420     14,036,974  
Depreciation, amortization and accretion   1,105,190     1,769     110,853     49,273     8,472     1,275,557  
Impairment loss on mineral properties   -     -     -     -     -     -  
Other (income) and expenses   387,344     195,342     -     (11,634 )   (31,437 )   539,615  
Loss from continuing operations before income taxes $ (16,390,167 ) $ (1,003,121 ) $ (669,123 ) $ (4,216,763 ) $ (2,866,334 ) $ (25,145,508 )

    Year ended July 31, 2011  
    United States                    
Statement of Operations   Texas     Arizona     Other States     Canada     Paraguay      Total   
Sales $   - $     -   $   -   $   -   $   -   $   -  
Cost of sales   -     -     -     -     -     -  
Gross profit   -     -     -     -     -     -  
                                     
Mineral property expenditures   10,899,201     67,035     202,952     -     250,992     11,420,180  
General and administrative   10,910,502     1,428     253,184     3,991,219     30,733     15,187,066  
Depreciation, amortization and accretion   997,715     -     121,718     36,526     -     1,155,959  
Impairment loss on mineral properties   128,339     -     15,057     -     -     143,396  
Other (income) and expenses   (548,501 )   -     -     (5 )   -     (548,506 )
Loss from continuing operations before income taxes $ (22,387,256 ) $ (68,463 ) $ (592,911 ) $ (4,027,740 ) $ (281,725 ) $ (27,358,095 )

                Year ended July 31, 2010              
    United States                    
Statement of Operations   Texas     Arizona     Other States     Canada      Paraguay      Total   
Sales $   - $     -   $   -   $   -   $   - $     -  
Cost of sales   -     -     -     -     -     -  
Gross profit   -     -     -     -     -     -  
                                     
Mineral property expenditures   6,284,294     36,011     118,409     -     -     6,438,714  
General and administrative   12,226,413     45     355,388     2,572,483     -     15,154,329  
Depreciation, amortization and accretion   619,386     -     159,744     15,374     -     794,504  
Impairment loss on mineral properties   31,800     -     11,800     -     -     43,600  
Other (income) and expenses   582,227     -     -     (624 )   -     581,603  
Loss from continuing operations before income taxes $ (19,744,120 ) $   (36,056 ) $ (645,341 ) $ (2,587,233 ) $   - $     (23,012,750 )