SEGMENTED INFORMATION

9 Months Ended

Apr. 30, 2015

SEGMENTED INFORMATION [Text Block]

NOTE 12: 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.

At April 30, 2015, long-term assets located in the U.S. totaled $34,950,537 or 73% of the Company’s total long-term assets of $48,057,193.

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

		April 30, 2015
		United States						Canada		Paraguay		Total
Balance Sheet Items		Texas		Arizona		Other States
Deferred Financing Costs	$	104,763	$	-	$	-	$	-	$	-	$	104,763
Mineral Rights and Properties		14,038,001		10,841,861		905,728		-		13,080,555		38,866,145
Property, Plant and Equipment		7,354,159		-		-		9,427		16,674		7,380,260
Reclamation Deposits		1,690,209		15,000		816		-		-		1,706,025
Total Long-term Assets	$	23,187,132	$	10,856,861	$	906,544	$	9,427	$	13,097,229	$	48,057,193

		July 31, 2014
		United States						Canada		Paraguay		Total
Balance Sheet Items		Texas		Arizona		Other States
Deferred Financing Costs	$	167,621	$	-	$	-	$	-	$	-	$	167,621
Mineral Rights and Properties		14,732,677		10,791,861		883,606		-		13,080,555		39,488,699
Property, Plant and Equipment		7,966,833		-		465		12,960		25,079		8,005,337
Reclamation Deposits		5,662,814		15,000		815		-		-		5,678,629
Total Long-term Assets	$	28,529,945	$	10,806,861	$	884,886	$	12,960	$	13,105,634	$	53,340,286

The tables below provide a breakdown of the Company’s operating results by geographic segments. All intercompany transactions have been eliminated.

		Three Months Ended April 30, 2015
Statement of Operations		United States									Canada			Paraguay			Total
		Texas			Arizona			Other States
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Costs and Expenses:
Cost of sales		-			-			-			-			-			-
Inventory write-down		-			-			-			-			-			-
Mineral property expenditures		786,935			50,119			35,199			-			173,589			1,045,842
General and administrative		2,400,403			51,889			4,368			707,481			3,755			3,167,896
Depreciation, amortization and accretion		368,448			-			501			2,741			2,392			374,082
Impairment loss on mineral property		-			-			-			-			-			-
		3,555,786			102,008			40,068			710,222			179,736			4,587,820
Loss from operations		(3,555,786	)		(102,008	)		(40,068	)		(710,222	)		(179,736	)		(4,587,820	)
Other income (expenses)		(759,273	)		(4,640	)		-			-			169			(763,744	)
Loss before income taxes	$	(4,315,059	)	$	(106,648	)	$	(40,068	)	$	(710,222	)	$	(179,567	)	$	(5,351,564	)

		Three Months Ended April 30, 2014
Statement of Operations		United States									Canada			Paraguay			Total
		Texas			Arizona			Other States
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Costs and Expenses:
Cost of sales		-			-			-			-			-			-
Inventory write-down		338,101			-			-			-			-			338,101
Mineral property expenditures		2,060,823			49,218			23,533			-			605,775			2,739,349
General and administrative		993,390			37,501			12,751			776,584			(11,831	)		1,808,395
Depreciation, amortization and accretion		568,521			-			780			4,713			3,031			577,045
Impairment loss on mineral property		428,164			-			-			-			-			428,164
		4,388,999			86,719			37,064			781,297			596,975			5,891,054
Loss from operations		(4,388,999	)		(86,719	)		(37,064	)		(781,297	)		(596,975	)		(5,891,054	)
Other income (expenses)		(801,086	)		(5,020	)		-			36			17			(806,053	)
Loss before income taxes	$	(5,190,085	)	$	(91,739	)	$	(37,064	)	$	(781,261	)	$	(596,958	)	$	(6,697,107	)

		Nine Months Ended April 30, 2015
Statement of Operations		United States									Canada			Paraguay			Total
		Texas			Arizona			Other States
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Costs and Expenses:
Cost of sales		-			-			-			-			-			-
Inventory write-down		-			-			-			-			-			-
Mineral property expenditures		3,431,826			207,586			191,718			-			729,111			4,560,241
General and administrative		7,456,500			148,766			18,393			2,069,664			18,610			9,711,933
Depreciation, amortization and accretion		1,420,996			-			1,968			9,238			8,606			1,440,808
Impairment loss on mineral property		-			-			-			-			-			-
		12,309,322			356,352			212,079			2,078,902			756,327			15,712,982
Loss from operations		(12,309,322	)		(356,352	)		(212,079	)		(2,078,902	)		(756,327	)		(15,712,982	)
Other income (expenses)		(2,249,325	)		(15,018	)		-			(120	)		484			(2,263,979	)
Loss before income taxes	$	(14,558,647	)	$	(371,370	)	$	(212,079	)	$	(2,079,022	)	$	(755,843	)	$	(17,976,961	)

		Nine Months Ended April 30, 2014
Statement of Operations		United States									Canada			Paraguay			Total
		Texas			Arizona			Other States
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Costs and Expenses:
Cost of sales		-			-			-			-			-			-
Inventory write-down		730,250			-			-			-			-			730,250
Mineral property expenditures		5,676,286			230,749			173,757			-			830,720			6,911,512
General and administrative		4,165,060			182,147			77,714			2,766,689			5,054			7,196,664
Depreciation, amortization and accretion		1,729,640			758			6,690			19,944			8,973			1,766,005
Impairment loss on mineral property		428,164			-			28,891			-			-			457,055
		12,729,400			413,654			287,052			2,786,633			844,747			17,061,486
Loss from operations		(12,729,400	)		(413,654	)		(287,052	)		(2,786,633	)		(844,747	)		(17,061,486	)
Other income (expenses)		(2,676,947	)		(15,398	)		-			(2,154	)		50			(2,694,449	)
Loss before income taxes	$	(15,406,347	)	$	(429,052	)	$	(287,052	)	$	(2,788,787	)	$	(844,697	)	$	(19,755,935	)