Note 6 - Mineral Rights and Properties

6 Months Ended

Jan. 31, 2023

Notes to Financial Statements

Mineral Industries Disclosures [Text Block]

NOTE 6:         MINERAL RIGHTS AND PROPERTIES,

Mineral Rights

As at January 31, 2023, we had mineral rights in the States of Arizona, New Mexico, Wyoming and Texas, in Canada and in the Republic of Paraguay. These mineral rights were acquired through staking, purchase or lease or option agreements and are subject to varying royalty interests, some of which are indexed to the sale price of uranium and titanium. As of January 31, 2023, annual maintenance payments of approximately $4,290 will be required to maintain these mineral rights.

As at January 31, 2023, the carrying value of our mineral rights and properties were as follows:

Costs	United States		Canada			Paraguay		Total
Balance, July 31, 2022	$	172,340	$	982		$	15,014	$	188,336
Additions (Note 3 and 4)		50		386,447			-		386,497
Impact of foreign currency translation		-		(5,594	)		-		(5,594	)
Balance, January 31, 2023		172,390		381,835			15,014		569,239

Accumulated Depletion and Amortization	United States			Canada		Paraguay		Total
Balance, July 31, 2022		(6,388	)		-		-		(6,388	)
Additions		(1	)		-		-		(1	)
Balance, January 31, 2023		(6,389	)		-		-		(6,389	)
Carrying Value
Balance, July 31, 2022	$	165,952		$	982	$	15,014	$	181,948
Balance, Janaury 31, 2023	$	166,001		$	381,835	$	15,014	$	562,850