SEGMENTED INFORMATION

12 Months Ended

Jul. 31, 2015

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.

At July 31, 2015, long-term assets located in the U.S. were $33,990,119, or 72% of the Company’s total long-term assets of $47,092,639. During Fiscal 2015, the Company completed one sale of uranium concentrates in the U.S. to one customer 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, 2015
				United States
		Texas		Arizona		Other States		Canada		Paraguay		Total
Mineral Rights and Properties	$	13,555,492	$	10,891,861	$	910,059	$	-	$	13,080,555	$	38,437,967
Property, Plant and Equipment		6,926,682		-		-		7,502		14,463		6,948,647
Reclamation Deposits		1,690,209		15,000		816		-		-		1,706,025
Total Long-Term Assets	$	22,172,383	$	10,906,861	$	910,875	$	7,502	$	13,095,018	$	47,092,639

						July 31, 2014
				United States
Balance Sheet Items		Texas		Arizona		Other States		Canada		Paraguay		Total
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	$	28,362,324	$	10,806,861	$	884,886	$	12,960	$	13,105,634	$	53,172,665

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, 2015
Statement of Operations		United States
		Texas			Arizona			Other States			Canada			Paraguay			Total
Sales	$	3,080,000		$	-		$	-		$	-		$	-		$	3,080,000
Costs and Expenses:
Cost of sales		2,326,674			-			-			-			-			2,326,674
Inventory write-down		-			-			-			-			-			-
Mineral property expenditures		4,227,720			289,676			231,305			-			957,379			5,706,080
General and administrative		9,702,423			194,910			19,317			3,284,772			29,418			13,230,840
Depreciation, amortization and accretion		1,776,845			-			2,635			12,026			10,937			1,802,443
Impairment loss on mineral property		349,805			-			-			-			-			349,805
		18,383,467			484,586			253,257			3,296,798			997,734			23,415,842
Loss from operations		(15,303,467	)		(484,586	)		(253,257	)		(3,296,798	)		(997,734	)		(20,335,842	)
Other income (expenses)		(3,042,084	)		(19,785	)		-			(120	)		490			(3,061,499	)
Loss before income taxes	$	(18,345,551	)	$	(504,371	)	$	(253,257	)	$	(3,296,918	)	$	(997,244	)	$	(23,397,341	)

		Year Ended July 31, 2014
Statement of Operations					United States
		Texas			Arizona			Other States			Canada			Paraguay			Total
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Costs and Expenses:
Cost of sales		-			-			-			-			-			-
Inventory write-down		804,060			-			-			-			-			804,060
Mineral property expenditures		7,362,492			328,479			258,408			-			1,211,269			9,160,648
General and administrative		5,726,867			187,997			85,027			3,822,974			2,931			9,825,796
Depreciation, amortization and accretion		2,348,846			758			7,470			23,720			12,072			2,392,866
Impairment loss on mineral properties		440,115			5,041			208,068			-			-			653,224
		16,682,380			522,275			558,973			3,846,694			1,226,272			22,836,594
Loss from operations		(16,682,380	)		(522,275	)		(558,973	)		(3,846,694	)		(1,226,272	)		(22,836,594	)
Other income (expenses)		(3,185,554	)		(20,588	)		-			(2,148	)		68			(3,208,222	)
Loss before income taxes	$	(19,867,934	)	$	(542,863	)	$	(558,973	)	$	(3,848,842	)	$	(1,226,204	)	$	(26,044,816	)

		Year Ended July 31, 2013
Statement of Operations					United States						Canada			Paraguay			Total
		Texas			Arizona			Other States
Sales	$	9,026,325		$	-		$	-		$	-		$	-		$	9,026,325
Costs and Expenses:
Cost of sales		8,016,265			-			-			-			-			8,016,265
Inventory write-down		425,208			-			-			-			-			425,208
Mineral property expenditures		8,335,503			177,644			440,679			-			1,056,865			10,010,691
General and administrative		5,979,855			211,838			178,161			4,458,715			4,360			10,832,929
Depreciation, amortization and accretion		1,468,144			3,033			31,862			36,968			11,854			1,551,861
Impairment loss on mineral property		-			-			-			-			-			-
		24,224,975			392,515			650,702			4,495,683			1,073,079			30,836,954
Loss from operations		(15,198,650	)		(392,515	)		(650,702	)		(4,495,683	)		(1,073,079	)		(21,810,629	)
Other income (expenses)		(51,153	)		(21,509	)		-			(1,480	)		10,927			(63,215	)
Loss before income taxes	$	(15,249,803	)	$	(414,024	)	$	(650,702	)	$	(4,497,163	)	$	(1,062,152	)	$	(21,873,844	)