Note 5 - Inventories

12 Months Ended

Jul. 31, 2022

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE 5: INVENTORIES

As at July 31, 2022, we held 1,800,000 pounds of purchased uranium concentrate inventory. Costs of inventory consisted of the following:

	July 31, 2022		July 31, 2021
Material and supplies	$	232	$	33
Uranium concentrates from production		178		178
Purchased uranium inventories		66,160		28,961
	$	66,570	$	29,172

As at July 31, 2022, our uranium inventory purchase commitments over the next five fiscal years are as the follows:

	Purchase Commitments in Pounds		Total Purchase Price
Fiscal 2023		1,721,000	$	65,309
Fiscal 2024		895,000		38,913
Fiscal 2025		600,000		23,120
Fiscal 2026		100,000		3,620
Total		3,316,000	$	130,962

Subsequent to July 31, 2022, we sold 150,000 pounds of purchased uranium inventory for gross proceeds of $7,178 and entered into agreements to sell 600,000 pounds of purchased uranium inventory for gross proceeds of $30,675 with delivery dates in October 2022.