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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2018
OPERATING ACTIVITIES      
Net loss for the year $ (14,610,516) $ (17,152,789) $ (17,826,634)
Adjustments to reconcile net loss to cash flows in operating activities      
Stock-based compensation 3,493,218 2,948,041 3,504,058
Depreciation, amortization and accretion 310,222 347,441 354,624
Amortization of long-term debt discount 1,669,514 1,464,989 1,180,139
Re-valuation of asset retirement obligations (274,195)
(Gain) loss on disposition of assets (2,343) (1,595,513) 1,696
(Income) loss from equity-accounted investment (2,967,583) 1,103,356 (423,657)
Deferred tax benefits (5,551) (14,372) (707,511)
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 453,949 (62,225) 302,258
Other current assets 145,594 (86,395) (61,416)
Accounts payable and accrued liabilities (1,243,838) 679,522 681,286
Due to a related party (37,346) 67,873 39
Other liabilities (76,031)
NET CASH USED IN OPERATING ACTIVITIES (12,870,711) (12,573,468) (12,511,289)
FINANCING ACTIVITIES      
Proceeds from share issuance, net of issuance costs 23,843,995 604,209
Proceeds from government loans 307,092
NET CASH PROVIDED BY FINANCING ACTIVITIES 307,092 23,843,995 604,209
INVESTING ACTIVITIES      
Net cash and restricted cash received from a mineral property acquisition 289,038
Investment in mineral rights and properties (80,000) (155,000) (3,588,759)
Purchase of property, plant and equipment (83,838) (137,287) (12,304)
Increase in other non-current assets (346,474)
Investment in term deposits (29,858,126) (21,771,253)
Proceeds from redemption of term deposits 11,831,671 18,026,455 31,771,253
Proceeds from disposition of assets 3,127 16,587
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 11,670,960 (12,107,371) 6,341,501
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (892,659) (836,844) (5,565,579)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 7,879,578 8,716,422 14,282,001
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 6,986,919 $ 7,879,578 $ 8,716,422