Note 7 - Restricted Cash

12 Months Ended

Jul. 31, 2019

Notes to Financial Statements

Restricted Cash [Text Block]

NOTE  7 : RE STRICTED CASH

Restricted cash (previously reclamation deposits) includes cash and cash equivalents and money market funds as collateral for various bonds posted in favor of applicable state regulatory agencies in Arizona, Texas and Wyoming, for estimated reclamation costs associated with our Palangana Mine, Hobson Processing Facility and Reno Creek Project.  Restricted cash will be released upon completion of reclamation of a mineral property or restructuring of a surety and collateral arrangement.

	July 31, 2019		July 31, 2018
Restricted cash, beginning of period	$	1,789,899	$	1,706,028
Reclamation deposit received from asset acquisition		-		73,973
Refund of reclamation deposit		-		(819	)
Interest received		31,493		10,717
Restricted cash, end of period	$	1,821,392	$	1,789,899

Cash, cash equivalents and restricted cash are included in the following accounts at

July 31, 2019

and

2018:

	July 31, 2019		July 31, 2018
Cash and cash equivalents	$	6,058,186	$	6,926,523
Restricted cash		1,821,392		1,789,899
Total cash, cash equivalents and restricted cash	$	7,879,578	$	8,716,422