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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
SALES AND SERVICE REVENUE $ 9,892,310 $ 0 $ 23,083,235 $ 0
COST OF SALES AND SERVICES (6,554,754) 0 (15,802,962) 0
GROSS PROFIT 3,337,556 0 7,280,273 0
OPERATING COSTS        
Mineral property expenditures 2,912,518 1,478,754 6,678,207 3,141,772
General and administrative 2,993,536 3,286,201 9,825,685 8,336,593
Acquisition-related costs 622,297 0 3,267,277 0
Depreciation, amortization and accretion 491,298 98,186 992,718 294,964
TOTAL OPERATING COSTS 7,019,649 4,863,141 20,763,887 11,773,329
LOSS FROM OPERATIONS (3,682,093) (4,863,141) (13,483,614) (11,773,329)
OTHER INCOME (EXPENSES)        
Interest income 12,909 15,950 44,038 30,313
Interest expenses and finance costs (144,519) (636,178) (1,242,233) (2,356,819)
Income from equity-accounted investment 1,958,684 870,013 4,713,583 767,321
Debt receivable recovery 9,171,033 0 9,171,033 0
Gain on loan extinguishment 0 7,759 0 286,376
Realized gain on available-for-sale security 0 0 547,152 0
Other income 9,219 16,632 23,899 30,720
Gain (loss) on disposition of assets 18,400 (2,133) 19,150 (2,133)
OTHER INCOME (EXPENSES) 11,025,726 272,043 13,276,622 (1,244,222)
INCOME (LOSS) BEFORE INCOME TAXES 7,343,633 (4,591,098) (206,992) (13,017,551)
DEFERRED TAX BENEFIT 1,105 937 3,637 2,794
NET INCOME (LOSS) FOR THE PERIOD 7,344,738 (4,590,161) (203,355) (13,014,757)
OTHER COMPREHENSIVE INCOME (LOSS)        
Translation (loss) gain (139,194) 493,101 (613,935) 1,041,900
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (139,194) 493,101 (613,935) 1,041,900
TOTAL COMPREHENSIVE INCOME (LOSS) FOR THE PERIOD $ 7,205,544 $ (4,097,060) $ (817,290) $ (11,972,857)
NET INCOME (LOSS) PER SHARE        
Basic (in dollars per share) $ 0.03 $ (0.02) $ (0.00) $ (0.06)
Diluted (in dollars per share) $ 0.03 $ (0.02) $ (0.00) $ (0.06)