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CAPITAL STOCK (Tables)
12 Months Ended
Jul. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] The expected life of these stock options was estimated using the simplified method, being the mid-point of the average vesting date and the end of the contractual term. The fair value of these options were estimated at the date of grant, using the Black-Scholes Option Valuation Model, with the following weighted average assumptions:
 
 
 
Year Ended July 31,
 
 
 
2018
 
 
2017
 
 
2016
 
Expected Risk Free Interest Rate
 
 
2.24
%
 
 
1.28
%
 
 
0.84
%
Expected Volatility
 
 
67.60
%
 
 
82.40
%
 
 
80.46
%
Expected Life in Years
 
 
3.1
 
 
 
2.9
 
 
 
2.9
 
Expected Dividend Yield
 
 
0
%
 
 
0
%
 
 
0
%
Contratual Term in Years
 
 
5.0
 
 
 
5.0
 
 
 
5.0
 
Weighted-Average Grant Date Fair Value
 
$
0.68
 
 
$
0.77
 
 
$
0.51
 
Schedule Of Share Transactions [Table Text Block]
A summary of the Company’s share transactions for Fiscal 2018, Fiscal 2017, and Fiscal 2016 are as follows:
 
 
 
Common
 
 
Value per Share
 
 
Issuance
 
Period / Description
 
Shares Issued
 
 
Low
 
 
High
 
 
Value
 
Balance, July 31, 2015
 
 
97,834,087
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity Financing
 
 
12,364,704
 
 
$
0.85
 
 
$
0.85
 
 
$
9,984,517
 
Credit Facility
 
 
1,711,933
 
 
 
0.83
 
 
 
1.20
 
 
 
1,700,000
 
Asset Acquisition
 
 
1,333,560
 
 
 
0.92
 
 
 
0.92
 
 
 
1,226,875
 
Settlement of Liabilities
 
 
487,574
 
 
 
0.93
 
 
 
0.93
 
 
 
453,444
 
Consulting Services
 
 
1,429,650
 
 
 
0.72
 
 
 
1.38
 
 
 
1,372,381
 
Options Exercised
 
 
682,167
 
 
 
0.33
 
 
 
0.33
 
 
 
225,115
 
Shares Issued Under Stock Incentive Plan
 
 
826,782
 
 
 
0.73
 
 
 
1.08
 
 
 
726,244
 
Balance, July 31, 2016
 
 
116,670,457
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity Financing
 
 
17,330,836
 
 
 
1.50
 
 
 
1.50
 
 
 
25,996,254
 
Credit Facility
 
 
738,503
 
 
 
1.49
 
 
 
1.49
 
 
 
1,100,000
 
Asset Acquisition
 
 
61,939
 
 
 
1.35
 
 
 
1.43
 
 
 
87,617
 
Advance Royalty Payment
 
 
46,800
 
 
 
1.04
 
 
 
1.04
 
 
 
48,672
 
Settlement of Liabilities
 
 
1,015,940
 
 
 
1.03
 
 
 
1.54
 
 
 
1,524,650
 
Consulting Services
 
 
865,386
 
 
 
0.86
 
 
 
1.64
 
 
 
1,107,937
 
Warrants Exercised
 
 
1,989,717
 
 
 
1.20
 
 
 
1.20
 
 
 
2,387,660
 
Options Exercised
(1)
 
 
264,727
 
 
 
0.45
 
 
 
1.32
 
 
 
146,448
 
Shares Issued Under Stock Incentive Plan
 
 
830,819
 
 
 
0.88
 
 
 
1.61
 
 
 
946,252
 
Balance, July 31, 2017
 
 
139,815,124
 
 
 
 
 
 
 
 
 
 
 
 
 
Credit Facility
 
 
641,574
 
 
 
1.40
 
 
 
1.40
 
 
 
900,000
 
Reno Creek Acquisitions
 
 
14,852,450
 
 
 
1.30
 
 
 
1.37
 
 
 
20,332,617
 
North Reno Creek Acquisition
 
 
1,691,215
 
 
 
1.61
 
 
 
1.61
 
 
 
2,722,856
 
Reimbursable Expenses for Reno Creek Acquisition
 
 
353,160
 
 
 
1.37
 
 
 
1.37
 
 
 
483,829
 
Diabase Acquisition
 
 
164,767
 
 
 
1.41
 
 
 
1.41
 
 
 
232,321
 
Consulting Services
 
 
225,168
 
 
 
1.19
 
 
 
1.84
 
 
 
349,834
 
Advance Royalty Payment
 
 
46,134
 
 
 
1.34
 
 
 
1.34
 
 
 
61,820
 
Warrants Exercised
 
 
61,799
 
 
 
1.20
 
 
 
1.20
 
 
 
74,159
 
Options Exercised
(2)
 
 
1,094,589
 
 
 
0.45
 
 
 
1.32
 
 
 
710,410
 
Settlement of Liabilities
 
 
565,499
 
 
 
1.33
 
 
 
1.72
 
 
 
845,824
 
Shares Issued Under Stock Incentive Plan
 
 
1,664,285
 
 
 
1.06
 
 
 
1.77
 
 
 
2,349,721
 
Balance, July 31, 2018
 
 
161,175,764
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
309,634 options were exercised on a forfeiture basis resulting in 162,227 net shares issued.
(2)
580,624 options were exercised on a forfeiture basis resulting in 309,590 net shares issued.
Schedule Of Share based Compensation Warrants Activity [Table Text Block]
A continuity schedule of outstanding share purchase warrants is as follows:
 
 
 
Number of
 
 
Weighted Average
 
 
 
Warrants
 
 
Exercise Price
 
Balance, July 31, 2015
 
 
7,859,524
 
 
 
2.38
 
Issued
 
 
6,594,348
 
 
 
1.20
 
Expired
 
 
(500,000
)
 
 
1.00
 
Balance, July 31, 2016
 
 
13,953,872
 
 
 
1.65
 
Issued
 
 
9,571,929
 
 
 
2.00
 
Exercised
 
 
(1,989,717
)
 
 
1.20
 
Expired
 
 
(1,859,524
)
 
 
2.60
 
Balance, July 31, 2017
 
 
19,676,560
 
 
 
1.78
 
Issued
 
 
11,358,728
 
 
 
2.30
 
Exercised
 
 
(61,799
)
 
 
1.20
 
Expired
 
 
(50,000
)
 
 
1.95
 
Balance, July 31, 2018
 
 
30,923,489
 
 
$
1.97
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
A summary of share purchase warrants outstanding and exercisable at July 31, 2018 are as follows:
 
Weighted
 
 
 
 
 
 
 
Weighted Average
 
Average
 
 
Number of Warrants
 
 
 
 
Remaining Contractual
 
Exercise Price
 
 
Outstanding
 
 
Expiry Date
 
Life (Years)
 
$
1.20
 
 
 
4,542,832
 
 
March 10, 2019
 
 
0.61
 
 
1.35
 
 
 
2,600,000
 
 
January 30, 2020
 
 
1.50
 
 
1.64
 
 
 
50,000
 
 
May 21, 2023
 
 
4.80
 
 
2.00
 
 
 
9,571,929
 
 
January 20, 2020
 
 
1.47
 
 
2.30
 
 
 
11,308,728
 
 
August 9, 2022
 
 
4.02
 
 
2.35
 
 
 
2,850,000
 
 
September 24, 2018
 
 
0.15
 
$
1.97
 
 
 
30,923,489
 
 
 
 
 
2.16
 
Share-based Compensation, Stock Options, Activity [Table Text Block]
A continuity schedule of outstanding stock options at July 31, 2018, and the changes during the periods, is as follows:
 
 
 
Number of Stock
 
 
Weighted Average
 
 
 
Options
 
 
Exercise Price
 
Balance, July 31, 2015
 
 
10,581,975
 
 
$
1.38
 
Granted
 
 
3,033,000
 
 
 
1.02
 
Exercised
 
 
(682,167
)
 
 
0.33
 
Expired
 
 
(1,950
)
 
 
5.90
 
Forfeited
 
 
(825,000
)
 
 
1.48
 
Balance, July 31, 2016
 
 
12,105,858
 
 
 
1.34
 
Granted
 
 
672,500
 
 
 
1.11
 
Exercised
 
 
(412,134
)
 
 
0.56
 
Expired
 
 
(100,724
)
 
 
4.35
 
Forfeited
 
 
(5,000
)
 
 
0.93
 
Balance, July 31, 2017
 
 
12,260,500
 
 
$
1.33
 
Granted
 
 
4,083,000
 
 
 
1.40
 
Exercised
 
 
(1,365,625
)
 
 
0.70
 
Forfeited
 
 
(66,250
)
 
 
1.24
 
Balance, July 31, 2018
 
 
14,911,625
 
 
$
1.41
 
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]
A continuity schedule of outstanding non-vested stock options at July 31, 2018, and the changes during the periods, is as follows:
 
 
 
Number of Unvested
 
 
Weighted Average
 
 
 
Stock Options
 
 
Grant-Date Fair Value
 
Balance, July 31, 2015
 
 
3,820,000
 
 
$
0.51
 
Granted
 
 
3,033,000
 
 
 
0.51
 
Vested
 
 
(4,350,000
)
 
 
0.51
 
Forfeited
 
 
(180,000
)
 
 
0.50
 
Balance, July 31, 2016
 
 
2,323,000
 
 
 
0.51
 
Granted
 
 
672,500
 
 
 
0.77
 
Vested
 
 
(2,224,750
)
 
 
0.56
 
Forfeited
 
 
(5,000
)
 
 
0.49
 
Balance, July 31, 2017
 
 
765,750
 
 
 
0.58
 
Granted
 
 
4,083,000
 
 
 
0.68
 
Vested
 
 
(1,303,000
)
 
 
0.65
 
Forfeited
 
 
(66,250
)
 
 
0.62
 
Balance, July 31, 2018
 
 
3,479,500
 
 
$
0.68
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
A summary of stock options outstanding and exercisable at July 31, 2018 is as follows:
 
 
 
 
Options Outstanding
 
 
Options Exercisable
 
Range of


Exercise Prices
 
 
Outstanding at


July 31, 2018
 
 
Weighted


Average
Exercise Price
 
 
Weighted Average


Remaining


Contractual Term


(Years)
 
 
Exercisable at


July 31, 2018
 
 
Weighted


Average


Exercise Price
 
 
Weighted Average


Remaining
Contractual Term
(Years)
 
$
0.45
to $
0.99
 
 
 
1,860,500
 
 
$
0.93
 
 
 
2.87
 
 
 
1,860,500
 
 
$
0.93
 
 
 
2.87
 
$
1.00
to $
1.65
 
 
 
11,778,625
 
 
 
1.33
 
 
 
2.47
 
 
 
8,299,125
 
 
 
1.28
 
 
 
1.57
 
$
1.66
to $
3.86
 
 
 
1,272,500
 
 
 
2.89
 
 
 
2.33
 
 
 
1,272,500
 
 
 
2.89
 
 
 
2.33
 
 
 
 
 
14,911,625
 
 
$
1.41
 
 
 
2.51
 
 
 
11,432,125
 
 
$
1.41
 
 
 
1.87
 
Schedule Of Stock based Compensation Expense [Table Text Block]
A summary of stock-based compensation expense for Fiscal 2018, Fiscal 2017, and Fiscal 2016 is as follows:
 
 
 
Year Ended July 31,
 
 
 
2018
 
 
2017
 
 
2016
 
Stock-Based Compensation for Consultants
 
 
 
 
 
 
 
 
 
 
 
 
Common stock issued for consulting services
 
$
740,640
 
 
$
1,184,660
 
 
$
1,630,635
 
Amortization of stock option expense
 
 
582,842
 
 
 
469,815
 
 
 
78,014
 
 
 
 
1,323,482
 
 
 
1,654,475
 
 
 
1,708,649
 
Stock-Based Compensation for Management
 
 
 
 
 
 
 
 
 
 
 
 
Common stock issued to management
 
 
702,505
 
 
 
686,584
 
 
 
262,130
 
Amortization of stock option expense
 
 
284,556
 
 
 
473,811
 
 
 
735,991
 
 
 
 
987,061
 
 
 
1,160,395
 
 
 
998,121
 
Stock-Based Compensation for Employees
 
 
 
 
 
 
 
 
 
 
 
 
Common stock issued to employees
 
 
773,899
 
 
 
584,837
 
 
 
205,860
 
Amortization of stock option expense
 
 
547,231
 
 
 
369,663
 
 
 
171,533
 
 
 
 
1,321,130
 
 
 
954,500
 
 
 
377,393
 
Settlement of share issuance obligation
 
 
(127,615
)
 
 
-
 
 
 
-
 
 
 
$
3,504,058
 
 
$
3,769,370
 
 
$
3,084,163
 
2017 Offering Warrant [Member]  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The shares were valued at the Company’s closing price of $1.54 per share at January 20, 2017. The share purchase warrants were valued using the Black-Scholes option pricing model with the following assumptions:
 
Expected Risk Free Interest Rate
 
 
1.50
%
Expected Annual Volatility
 
 
76.96
%
Expected Contractual Life in Years
 
 
3.00
 
Expected Annual Dividend Yield
 
 
0.00
%
Schedule of Stockholders Equity [Table Text Block]
The net proceeds from the January 2017 Offering were allocated to the fair values of the shares and share purchase warrants as presented below:
 
Fair Value of Shares
 
$
26,689,487
 
Fair Value of Share Purchase Warrants
 
 
5,873,932
 
Total Fair Value Before Allocation to Net Proceeds
 
$
32,563,419
 
 
 
 
 
 
Gross Proceeds
 
$
25,996,254
 
Share Issuance Costs - Cash
 
 
(1,550,843
)
Net Cash Proceeds Received
 
$
24,445,411
 
 
 
 
 
 
Relative Fair Value Allocation to:
 
 
 
 
Shares
 
$
20,035,841
 
Share Purchase Warrants
 
 
4,409,570
 
 
 
$
24,445,411
 
2016 Offering Warrant [Member]  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The shares were valued at the Company’s closing price of $0.81 per share at March 10, 2016. The share purchase warrants were valued using the Black-Scholes option pricing model with the following assumptions:
 
Expected Risk Free Interest Rate
 
 
1.11
%
Expected Annual Volatility
 
 
74.34
%
Expected Contractual Life in Years
 
 
3.00
 
Expected Annual Dividend Yield
 
 
0.00
%
Schedule of Stockholders Equity [Table Text Block]
The net proceeds from the March 2016 Offering were allocated to the fair value of the shares and share purchase warrants as presented below:
 
Fair Value of Shares
 
$
10,015,410
 
Fair Value of Share Purchase Warrants
 
 
1,938,995
 
Total Fair Value Before Allocation to Net Proceeds
 
$
11,954,405
 
 
 
 
 
 
Gross Proceeds
 
$
10,510,000
 
Share Issuance Costs - Cash
 
 
(525,483
)
Net Cash Proceeds Received
 
$
9,984,517
 
 
 
 
 
 
Relative Fair Value Allocation to:
 
 
 
 
Shares
 
$
8,365,037
 
Share Purchase Warrants
 
 
1,619,480
 
 
 
$
9,984,517