Note 16 - Segmented Information

9 Months Ended

Apr. 30, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 16:          SEGMENTED INFORMATION

We currently operate in one reportable segment which is focused on uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates.

As of April 30, 2022, our long-term assets located in the United States totaled $196,574,348 or 83% of our total long-term assets of $237,990,983.

The tables below provide a breakdown of the long-term assets by geographic segments:

	April 30, 2022
	United States
Balance Sheet Items	Texas		Arizona		Wyoming		Other States		Canada		Paraguay		Total
Mineral Rights and Properties	$	12,420,036	$	4,677,477	$	141,941,693	$	176,971	$	982,358	$	15,013,586	$	175,212,121
Property, Plant and Equipment		7,011,036		-		13,038,394		-		30,670		369,129		20,449,229
Restricted Cash		1,948,704		15,000		12,074,391		-		-		-		14,038,095
Equity-Accounted Investment		-		-		-		-		24,829,322		-		24,829,322
Other Non-Current Assets		1,462,793		-		1,807,853		-		191,570		-		3,462,216
Total Long-Term Assets	$	22,842,569	$	4,692,477	$	168,862,331	$	176,971	$	26,033,920	$	15,382,715	$	237,990,983

	July 31, 2021
	United States
Balance Sheet Items	Texas		Arizona		Wyoming		Other States		Canada		Paraguay		Total
Mineral Rights and Properties	$	12,421,161	$	4,627,477	$	31,527,870	$	146,971	$	546,938	$	14,513,586	$	63,784,003
Property, Plant and Equipment		6,645,905		-		312,763		-		34,036		365,333		7,358,037
Restricted Cash		1,948,704		15,000		73,973		-		-		-		2,037,677
Equity-Accounted Investment		-		-		-		-		20,729,674		-		20,729,674
Other Non-Current Assets		522,306		-		16,000		-		48,026		-		586,332
Total Long-Term Assets	$	21,538,076	$	4,642,477	$	31,930,606	$	146,971	$	21,358,674	$	14,878,919	$	94,495,723

The tables below provide a breakdown of our operating results by geographic segments for the three and nine months ended April 30, 2022 and 2021. All intercompany transactions have been eliminated.

	Three Months Ended April 30, 2022
	United States
Statement of Operations	Texas			Arizona			Wyoming			Other States			Canada			Paraguay			Total
Sales and service revenue	$	-		$	-		$	92,310		$	9,800,000		$	-		$	-		$	9,892,310
Cost of sales and service revenue		-			-			(76,924	)		(6,477,830	)		-			-			(6,554,754	)
Gross profit		-			-			15,386			3,322,170			-			-			3,337,556
Operating Costs:
Mineral property expenditures		1,444,597			38,862			1,154,402			18,534			(4	)		256,127			2,912,518
General and administrative		1,841,397			3,720			295,310			447			841,833			10,829			2,993,536
Acquisition-related costs		-			-			622,297			-			-			-			622,297
Depreciation, amortization and accretion		96,446			-			389,452			-			4,029			1,371			491,298
Total operating costs		3,382,440			42,582			2,461,461			18,981			845,858			268,327			7,019,649
Income (loss) from operations		(3,382,440	)		(42,582	)		(2,446,075	)		3,303,189			(845,858	)		(268,327	)		(3,682,093	)
Other income (expenses)		(30,601	)		(4,611	)		(82,088	)		-			11,142,028			998			11,025,726
Income (loss) before income taxes	$	(3,413,041	)	$	(47,193	)	$	(2,528,163	)	$	3,303,189		$	10,296,170		$	(267,329	)	$	7,343,633

	Three Months Ended April 30, 2021
	United States
Statement of Operations	Texas			Arizona			Wyoming			Other States			Canada			Paraguay			Total
Operating Costs:
Mineral property expenditures	$	1,010,005		$	30,996		$	215,725		$	16,335		$	92		$	205,601		$	1,478,754
General and administrative		2,601,113			3,720			26,513			230			645,028			9,597			3,286,201
Depreciation, amortization and accretion		89,415			-			3,719			-			3,858			1,194			98,186
Total operating costs		3,700,533			34,716			245,957			16,565			648,978			216,392			4,863,141
Loss from operations		(3,700,533	)		(34,716	)		(245,957	)		(16,565	)		(648,978	)		(216,392	)		(4,863,141	)
Other income (expenses)		(613,705	)		(4,611	)		(2,770	)		-			893,129			-			272,043
Loss before income taxes	$	(4,314,238	)	$	(39,327	)	$	(248,727	)	$	(16,565	)	$	244,151		$	(216,392	)	$	(4,591,098	)

	Nine Months Ended April 30, 2022
Statement of Operations	United States
	Texas			Arizona			Wyoming			Other States			Canada			Paraguay			Total
Sales and service revenue	$	-		$	-		$	137,235		$	22,946,000		$	-		$	-		$	23,083,235
Cost of sales and service revenue		-			-			(114,362	)		(15,688,600	)		-			-			(15,802,962	)
Gross profit		-			-			22,873			7,257,400			-			-			7,280,273
Operating Costs:
Mineral property expenditures		3,701,923			96,711			2,017,338			55,294			2,956			803,985			6,678,207
General and administrative		6,925,671			11,160			479,118			1,187			2,377,353			31,196			9,825,685
Acquisition-related costs		-			-			3,267,277			-			-			-			3,267,277
Depreciation, amortization and accretion		275,701			-			701,293			-			11,534			4,190			992,718
Total operating costs		10,903,295			107,871			6,465,026			56,481			2,391,843			839,371			20,763,887
Income (loss) from operations		(10,903,295	)		(107,871	)		(6,442,153	)		7,200,919			(2,391,843	)		(839,371	)		(13,483,614	)
Other income (expenses)		(1,061,986	)		(14,146	)		(125,282	)		-			14,475,207			2,829			13,276,622
Income (loss) before income taxes	$	(11,965,281	)	$	(122,017	)	$	(6,567,435	)	$	7,200,919		$	12,083,364		$	(836,542	)	$	(206,992	)

	Nine Months Ended April 30, 2021
Statement of Operations	United States
	Texas			Arizona			Wyoming			Other States			Canada			Paraguay			Total
Operating Costs:
Mineral property expenditures	$	2,089,848		$	93,472		$	485,791		$	52,740		$	7,663		$	412,258		$	3,141,772
General and administrative		6,664,190			11,545			64,232			948			1,563,657			32,021			8,336,593
Depreciation, amortization and accretion		268,159			-			11,157			-			13,138			2,510			294,964
Total operating costs		9,022,197			105,017			561,180			53,688			1,584,458			446,789			11,773,329
Loss from operations		(9,022,197	)		(105,017	)		(561,180	)		(53,688	)		(1,584,458	)		(446,789	)		(11,773,329	)
Other income (expenses)		(2,031,541	)		(14,146	)		(8,336	)		-			804,800			5,001			(1,244,222	)
Loss before income taxes	$	(11,053,738	)	$	(119,163	)	$	(569,516	)	$	(53,688	)	$	(779,658	)	$	(441,788	)	$	(13,017,551	)