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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2017
OPERATING ACTIVITIES      
Net loss for the year $ (17,152,789) $ (17,826,634) $ (17,971,056)
Adjustments to reconcile net loss to cash flows in operating activities      
Stock-based compensation 2,948,041 3,504,058 3,769,370
Depreciation, amortization and accretion 347,441 354,624 497,728
Amortization of long-term debt discount 1,464,989 1,180,139 1,156,657
Impairment loss on mineral properties 297,942
Inventory write-down 60,694
Re-valuation of asset retirement obligations (274,195) (187,255)
(Gain) loss on disposition of assets (1,595,513) 1,696 1,055
Deferred tax benefits (14,372) (707,511) (34,355)
Loss (income) from equity-accounted investment 1,103,356 (423,657)
Loss on settlement of liabilities 49,002
Realized loss on available-for-sale securities 799
Reimbursable Expenses for Reno Creek Acquisition 483,829
Changes in operating assets and liabilities      
Inventories 2,960
Prepaid expenses and deposits (62,225) 302,258 190,580
Other current assets (86,395) (61,416) (68,965)
Accounts payable and accrued liabilities 679,522 681,286 1,816,199
Due to a related party 67,873 39 768
NET CASH USED IN OPERATING ACTIVITIES (12,573,468) (12,511,289) (10,418,676)
FINANCING ACTIVITIES      
Proceeds from share issuance, net of issuance costs 23,843,995 604,209 26,889,996
NET CASH PROVIDED BY FINANCING ACTIVITIES 23,843,995 604,209 26,889,996
INVESTING ACTIVITIES      
Net cash and restricted cash received from asset acquisition 289,038 34,972
Investment in mineral rights and properties (155,000) (3,588,759)
Purchase of property, plant and equipment (137,287) (12,304) (56,407)
Purchase of equity-accounted investment (151,676)
Increase in other long-term assets (346,474) (864,806)
Investment in term deposits (29,858,126) (21,771,253) (16,000,671)
Proceeds from redemption of term deposits 18,026,455 31,771,253 6,000,671
Proceeds from disposition of assets 16,587
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (12,107,371) 6,341,501 (11,037,917)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (836,844) (5,565,579) 5,433,403
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 8,716,422 14,282,001 8,848,598
Total cash, cash equivalents and restricted cash $ 7,879,578 $ 8,716,422 $ 14,282,001