XML 15 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2019
Apr. 30, 2018
OPERATING ACTIVITIES        
Net loss for the period $ (5,017,557) $ (4,146,646) $ (10,818,657) $ (13,056,299)
Adjustments to reconcile net loss to cash flows in operating activities        
Stock-based compensation 554,732 518,585 2,143,598 2,133,359
Depreciation, amortization and accretion     259,970 268,066
Amortization of long-term debt discount 384,551 277,502 1,050,671 883,333
(Gain) loss on disposition of assets     (1,591,362) 1,696
Deferred tax benefits (1,305) (11,952) (13,271) (268,237)
Loss (income) from equity-accounted investment 872,851 10,134 590,819 (91,099)
Realized loss on available-for-sale securities     799
Reimbursable Expenses for Reno Creek Acquisition     483,829
Changes in operating assets and liabilities        
Prepaid expenses and deposits     (408,301) (265,985)
Other current assets     (18,481) 445
Accounts payable and accrued liabilities     (869,562) (477,222)
Due to a related party     47,738 167
NET CASH FLOWS USED IN OPERATING ACTIVITIES     (9,626,039) (10,387,947)
FINANCING ACTIVITIES        
Proceeds from share issuance, net of issuance costs     23,843,995 328,300
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES     23,843,995 328,300
INVESTING ACTIVITIES        
Net cash and restricted cash received from asset acquisition     289,038
Investment in mineral rights and properties     (105,000) (309,120)
Purchase of property, plant and equipment     (77,809) (11,242)
Increase in other long-term assets     (188,400)
Purchase of short-term investments     (29,858,126) (21,771,253)
Redemption of short-term investments     15,000,000 30,771,253
Proceeds from disposition of assets     12,498
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES     (15,028,437) 8,780,276
NET CASH FLOWS     (810,481) (1,279,371)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     8,716,422 14,282,001
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 7,905,941 $ 13,002,630 $ 7,905,941 $ 13,002,630