Note 5 - Inventories

3 Months Ended

Oct. 31, 2022

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE 5: INVENTORIES

As at October 31, 2022, we held 766,000 pounds of purchased uranium concentrate inventory. Costs of the inventories consisted of the following:

	October 31, 2022		July 31, 2022
Material and supplies	$	218	$	231
Uranium concentrates from production		178		178
Purchased uranium inventories		28,769		66,161
	$	29,165	$	66,570

 As of October 31, 2022, our uranium inventory purchase commitments for the next five fiscal years are as the follows:

	Purchase Commitments in Pounds		Total Purchase Price
Fiscal 2023		1,505,000	$	53,134
Fiscal 2024		895,000		38,913
Fiscal 2025		600,000		23,120
Fiscal 2026		100,000		3,620
Total		3,100,000	$	118,787

Subsequent to October 31, 2022, we received 600,000 pounds of uranium inventories for a total purchase price of $21,510 and sold 500,000 pounds of uranium inventories for total proceeds of $25,185.