Note 6 - Property, Plant and Equipment

9 Months Ended

Apr. 30, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6:            PROPERTY, PLANT AND EQUIPMENT

During the nine months ended April 30, 2022, in connection with the U1A Acquisition, we acquired a satellite plant located at the Christensen Ranch Mine, a central processing plant (the “Irigaray Processing Facility”), and various equipment with a total fair value of $13,159,570. Refer to Note 3: Acquisition of Uranium One Americas, Inc. The recently acquired plants, facility and equipment have an estimated useful life of three to 21 years and will be depreciated using the straight-line method over their respective useful lives.

As at April 30, 2022, property, plant and equipment consist of the following:

	April 30, 2022							July 31, 2021
	Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
Plant and Processing Facilities	$	19,014,877	$	(1,213,972	)	$	17,800,905	$	6,642,835	$	(851,075	)	$	5,791,760
Mining Equipment		2,781,903		(2,360,087	)		421,816		2,355,341		(2,313,489	)		41,852
Logging Equipment and Vehicles		2,672,831		(1,826,131	)		846,700		1,923,983		(1,774,887	)		149,096
Computer Equipment		366,602		(310,604	)		55,998		326,056		(283,645	)		42,411
Furniture and Fixtures		191,051		(176,363	)		14,688		184,941		(172,302	)		12,639
Buildings		297,518		(68,479	)		229,039		297,518		(57,322	)		240,196
Land		1,080,083		-			1,080,083		1,080,083		-			1,080,083
	$	26,404,865	$	(5,955,636	)	$	20,449,229	$	12,810,757	$	(5,452,720	)	$	7,358,037