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Note 6 - Property, Plant and Equipment
 9 Months Ended
Apr. 30, 2021
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
NOTE
6:
PROPERTY, PLANT AND EQUIPMENT
 
Property, plant and equipment consist of the following:
 
 
   
April 30, 2021
    
July 31, 2020
  
   
Cost
    
Accumulated

Depreciation
    
Net Book

Value
    
Cost
    
Accumulated
Depreciation
    
Net Book
Value
  
Hobson Processing Facility
  
$
6,642,835
    
$
(831,789
)
  
$
5,811,046
     $
6,642,835
     $
(773,933
 )   $
5,868,902
  
Mining Equipment
  
 
2,355,379
    
 
(2,314,364
)
  
 
41,015
      
2,393,579
      
(2,342,518
 )    
51,061
  
Logging Equipment and Vehicles
  
 
1,923,983
    
 
(1,761,956
)
  
 
162,027
      
1,924,969
      
(1,736,806
 )    
188,163
  
Computer Equipment
  
 
333,318
    
 
(285,517
)
  
 
47,801
      
550,243
      
(486,467
 )    
63,776
  
Furniture and Fixtures
  
 
184,941
    
 
(171,462
)
  
 
13,479
      
170,701
      
(169,946
 )    
755
  
Land and Buildings
  
 
1,377,601
    
 
(53,603
)
  
 
1,323,998
      
889,606
      
(42,446
 )    
847,160
  
   
$
12,818,057
    
$
(5,418,691
)
  
$
7,399,366
     $
12,571,933
     $
(5,552,116
 )   $
7,019,817
  
 
During the
nine
months ended
April 30, 2021,
we purchased
100
acres of land (the “Goliad Land Purchase”) within our Goliad Project located in Goliad County, Texas, for total consideration of
$487,995,
of which
$380,000
was financed with a promissory note. Refer to Note
11:
Other Loans Payable herein.