Note 6 - Restricted Cash

3 Months Ended

Oct. 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 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.

As at October 31, 2021, restricted cash consisted of the following:

	October 31, 2021		July 31, 2021
Restricted cash, beginning of period	$	2,037,677	$	1,839,216
Additional surety bond collateral		-		198,377
Interest received		-		84
Restricted cash, end of period	$	2,037,677	$	2,037,677

Cash, cash equivalents and restricted cash are included in the following accounts as of October 31, 2021 and 2020:

	October 31, 2021		October 31, 2020
Cash and cash equivalents	$	96,304,124	$	6,700,603
Restricted cash		2,037,677		1,839,260
Total cash, cash equivalents and restricted cash	$	98,341,801	$	8,539,863