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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2020
OPERATING ACTIVITIES      
Net income (loss) for the year $ 5,252 $ (14,813) $ (14,610)
Adjustments to reconcile net loss to cash flows in operating activities      
Stock-based compensation 4,681 5,471 3,493
Depreciation, amortization and accretion 1,379 393 310
Amortization of long-term debt discount 525 1,376 1,670
Income from equity-accounted investment (4,126) (5,205) (2,968)
Debt receivable recovery (18,342) 0 0
Gain on settlement of debt receivable (1,780) 0 0
(Gain) loss on disposition of assets (6,427) 2 (2)
Unrealized loss on equity securities 1,898 0 0
Realized gain on equity security (547) 0 0
Gain on loan extinguishment 0 (286) 0
Deferred tax benefits (5) (4) (6)
Changes in operating assets and liabilities      
Inventories (37,206) (28,961) 0
Prepaid expenses and deposits (1,398) (113) 454
Other current assets 17 (6) 146
Accounts payable and accrued liabilities 3,262 669 (1,281)
Other liabilities (170) 7 (76)
NET CASH USED IN OPERATING ACTIVITIES (52,987) (41,470) (12,870)
FINANCING ACTIVITIES      
Proceeds from share issuances, net of issuance costs 168,014 95,436 0
Repayments of long-term debt (10,000) (10,000) 0
Repayments of other loans (191) (145) 0
Proceeds from government loans 0 0 307
Cash paid for withholding amounts on RSU and PRSU shares (557) (833) 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 157,266 84,458 307
INVESTING ACTIVITIES      
Net cash used in U1A Acquisition (113,588) 0 0
Investment in mineral rights and properties (590) (80) (80)
Purchase of property, plant and equipment (620) (148) (84)
Purchase of additional interest in equity-accounted investment 0 (3,397) 0
Investment in term deposits 0 (10,000) 0
Investment in equity securities (15,215) 0 0
Proceeds from redemption of term deposits 0 10,000 11,832
Proceeds from debt receivable recovery 9,171 0 0
Proceeds from sale of equity security 9,980 0 0
Proceeds from disposition of assets 19 0 3
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (110,843) (3,625) 11,671
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (6,564) 39,363 (892)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 46,351 6,988 7,880
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR $ 39,787 $ 46,351 $ 6,988