Note 7 - Property, Plant and Equipment

12 Months Ended

Jul. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 7:         PROPERTY, PLANT AND EQUIPMENT

During Fiscal 2022, in connection with the U1A Acquisition, we acquired a satellite plant located at the Christensen Ranch Mine, a central processing plant (the “Irigaray Processing Facility”) and various equipment with a total fair value of $13,004 (refer to Note 3: Acquisition of Uranium One Americas, Inc.). The recently acquired plants, facility and equipment have an estimated useful life of three to 21 years and will be depreciated using the straight-line method over their respective useful lives.

As at July 31, 2022, property, plant and equipment consisted of the following:

	July 31, 2022							July 31, 2021
	Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
Plant and Processing Facilities	$	18,964	$	(1,306	)	$	17,658	$	6,643	$	(851	)	$	5,792
Mining Equipment		2,777		(2,382	)		395		2,355		(2,313	)		42
Logging Equipment and Vehicles		2,666		(1,851	)		815		1,924		(1,775	)		149
Computer Equipment		360		(313	)		47		326		(284	)		42
Furniture and Fixtures		190		(177	)		13		185		(172	)		13
Buildings		298		(72	)		226		298		(58	)		240
Land		1,080		-			1,080		1,080		-			1,080
	$	26,335	$	(6,101	)	$	20,234	$	12,811	$	(5,453	)	$	7,358