PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jan. 31, 2018

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:

	January 31, 2018						July 31, 2017
	Cost		Accumulated Depreciation		Net Book Value		Cost		Accumulated Depreciation		Net Book Value
Hobson Processing Facility	$	6,819,088	$	(774,684)	$	6,044,404	$	6,819,088	$	(773,933)	$	6,045,155
Mining Equipment		2,438,681		(2,399,198)		39,483		2,438,681		(2,378,737)		59,944
Logging Equipment and Vehicles		1,971,742		(1,837,945)		133,797		1,971,742		(1,825,389)		146,353
Computer Equipment		604,701		(571,147)		33,554		582,980		(565,223)		17,757
Furniture and Fixtures		170,701		(168,531)		2,170		170,701		(168,248)		2,453
Land and Buildings		889,605		(5,256)		884,349		519,520		-		519,520
	$	12,894,518	$	(5,756,761)	$	7,137,757	$	12,502,712	$	(5,711,530)	$	6,791,182

During the six months ended January 31, 2018 and 2017, no uranium concentrate was processed at our Hobson Processing Facility due to the reduced operations at our Palangana Mine. As a result, no depreciation for the Hobson Processing Facility was recorded on our consolidated financial statements for the three and six months ended January 31, 2018 and 2017, respectively.

During the six months ended January 31, 2018, 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.