Note 6 - Restricted Cash

6 Months Ended

Jan. 31, 2021

Notes to Financial Statements

Restricted Cash [Text Block]

NOTE

6:

         

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 Anderson Project, Palangana Mine, Hobson Processing Facility and Reno Creek Project. Restricted cash will be released upon the completion of reclamation of a mineral property or the restructuring of a surety and collateral arrangement.

	January 31, 2021		July 31, 2020
Restricted cash, beginning of period	$	1,839,216	$	1,821,392
Interest received		84		17,824
Restricted cash, end of period	$	1,839,300	$	1,839,216

Subsequent to

January 31, 2021,

we paid an additional

$198,377

as surety bond collateral for inflation adjustments upon renewal of various surety bonds relating to our Palangana Mine and Hobson Processing Facility.

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

January 31, 2021

and

2020:

	January 31, 2021		January 31, 2020
Cash and cash equivalents	$	8,713,193	$	10,272,315
Restricted cash		1,839,300		1,834,746
Total cash, cash equivalents and restricted cash	$	10,552,493	$	12,107,061