PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jul. 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:

	July 31, 2018							July 31, 2017
			Accumulated			Net Book				Accumulated			Net Book
	Cost		Depreciation			Value		Cost		Depreciation			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		(2,412,277	)		26,404		2,438,681		(2,378,737	)		59,944
Logging Equipment and Vehicles		1,971,742		(1,850,306	)		121,436		1,971,742		(1,825,389	)		146,353
Computer Equipment		607,342		(577,584	)		29,758		582,980		(565,223	)		17,757
Furniture and Fixtures		170,701		(168,814	)		1,887		170,701		(168,248	)		2,453
Land and Buildings		889,606		(12,694	)		876,912		519,520		-			519,520
	$	12,897,160	$	(5,795,608	)	$	7,101,552	$	12,502,712	$	(5,711,530	)	$	6,791,182

Hobson Processing Facility

During Fiscal 2018, no material amount of uranium concentrate was processed at the Hobson Processing Facility due to the further reduced operations at the Palangana Mine. As a result, no depreciation for the Hobson Processing Facility was recorded on the consolidated financial statements for Fiscal 2018.

During Fiscal 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.