Note 7 - Restricted Cash

9 Months Ended

Apr. 30, 2021

NOTE

RESTRICTED CASH

Restricted cash includes cash and cash equivalents and money market funds pledged 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.

During the

three

months ended

April 30, 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.

	April 30, 2021		July 31, 2020
Restricted cash, beginning of period	$	1,839,216	$	1,821,392
Additional surety bond collateral		198,377		-
Interest received		84		17,824
Restricted cash, end of period	$	2,037,677	$	1,839,216

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

April 30, 2021

and

2020:

	April 30, 2021		April 30, 2020
Cash and cash equivalents	$	43,930,316	$	7,407,189
Restricted cash		2,037,677		1,839,119
Total cash, cash equivalents and restricted cash	$	45,967,993	$	9,246,308