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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
COSTS AND EXPENSES        
Mineral property expenditures $ 961,257 $ 1,323,323 $ 1,663,018 $ 2,846,774
General and administrative 2,464,703 2,394,794 5,050,392 4,709,964
Depreciation, amortization and accretion 97,598 81,752 196,778 158,138
LOSS FROM OPERATIONS (3,523,558) (3,799,869) (6,910,188) (7,714,876)
OTHER INCOME (EXPENSES)        
Interest income 8,753 52,341 14,363 141,522
Interest expenses and finance costs (829,727) (859,163) (1,720,641) (1,744,288)
Income (loss) from equity-accounted investment 600,913 2,704,373 (102,692) 2,363,776
Gain on loan extinguishment 278,617 278,617
Other income 2,902 9,925 14,088 17,218
Gain on disposition of assets 1,800 1,800
OTHER INCOME (EXPENSES) 61,458 1,909,276 (1,516,265) 780,028
LOSS BEFORE INCOME TAXES (3,462,100) (1,890,593) (8,426,453) (6,934,848)
DEFERRED TAX BENEFITS 1,041 1,932 1,857 3,610
NET LOSS FOR THE PERIOD (3,461,059) (1,888,661) (8,424,596) (6,931,238)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF INCOME TAXES 486,038 (39,648) 548,799 (49,542)
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD $ (2,975,021) $ (1,928,309) $ (7,875,797) $ (6,980,780)
NET LOSS PER SHARE, BASIC AND DILUTED (in dollars per share) $ (0.02) $ (0.01) $ (0.04) $ (0.04)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED (in shares) 198,673,515 182,802,747 194,314,507 182,021,725