Note 5 - Restricted Cash

3 Months Ended

Oct. 31, 2019

NOTE

RESTRICTED CASH

Restricted cash 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, and 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.

	October 31, 2019		July 31, 2019
Restricted cash, beginning of period	$	1,821,392	$	1,789,899
Interest received		7,529		31,493
Restricted cash, end of period	$	1,828,921	$	1,821,392

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

October 31, 2019

and

2018:

	October 31, 2019		October 31, 2018
Cash and cash equivalents	$	13,112,069	$	9,545,339
Restricted cash		1,828,921		1,796,529
Total cash, cash equivalents and restricted cash	$	14,940,990	$	11,341,868