PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Oct. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6: PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

	October 31, 2017						July 31, 2017
	Cost		Accumulated Depreciation		Net Book  Value		Cost		Accumulated Depreciation		Net Book Value
Hobson Processing Facility	$	6,819,088	$	(773,933)	$	6,045,155	$	6,819,088	$	(773,933)	$	6,045,155
Mining Equipment		2,438,681		(2,390,575)		48,106		2,438,681		(2,378,737)		59,944
Logging Equipment and Vehicles		1,971,742		(1,831,764)		139,978		1,971,742		(1,825,389)		146,353
Computer Equipment		585,291		(568,209)		17,082		582,980		(565,223)		17,757
Furniture and Fixtures		170,701		(168,389)		2,312		170,701		(168,248)		2,453
Land and Buildings		889,605		(1,537)		888,068		519,520		-		519,520
	$	12,875,108	$	(5,734,407)	$	7,140,701	$	12,502,712	$	(5,711,530)	$	6,791,182

During the three months ended October 31, 2017 and 2016, no uranium concentrate was processed at the Hobson Processing Facility due to the reduced operations at the Palangana Mine. As a result, no depreciation for the Hobson Processing Facility was recorded on the consolidated financial statements for the three months ended October 31, 2017 and 2016, respectively.

During the three months ended October 31, 2017, in connection with the Reno Creek Acquisition, we acquired certain buildings with total acquisition costs of $297,518, which will be depreciated over the estimated useful life of 20 years using the straight line method.