Note 5 - Restricted Cash

12 Months Ended

Jul. 31, 2020

Notes to Financial Statements

Restricted Cash [Text Block]

NOTE 5 : RE STRICTED 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, for estimated reclamation costs associated with our Palangana Mine, Hobson Processing Facility, Reno Creek Project and Anderson Project. Restricted cash will be released upon completion of reclamation of a mineral property or restructuring of a surety and collateral arrangement.

	July 31, 2020		July 31, 2019
Restricted cash, beginning of period	$	1,821,392	$	1,789,899
Interest received		17,824		31,493
Restricted cash, end of period	$	1,839,216	$	1,821,392

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

July 31, 2020

and

2019:

	July 31, 2020		July 31, 2019
Cash and cash equivalents	$	5,147,703	$	6,058,186
Restricted cash		1,839,216		1,821,392
Total cash, cash equivalents and restricted cash	$	6,986,919	$	7,879,578