Note 6 - Mineral Rights and Properties

9 Months Ended

Apr. 30, 2023

Notes to Financial Statements

Mineral Industries Disclosures [Text Block]

NOTE 6: MINERAL RIGHTS AND PROPERTIES

Mineral Rights

As at April 30, 2023, we own 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 April 30, 2023, annual maintenance payments of approximately $3,897 will be required to maintain these mineral rights.

As at April 30, 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
Foreign exchange difference		-			(8,993	)		-		(8,993	)
Balance, April 30, 2023		172,390			378,436			15,014		565,840
Accumulated Depletion and Amortization	United States			Canada			Paraguay		Total
Balance, July 31, 2022		(6,388	)		-			-		(6,388	)
Additions		(1	)		-			-		(1	)
Balance, April 30, 2023		(6,389	)		-			-		(6,389	)
Carrying Value
Balance, July 31, 2022	$	165,952		$	982		$	15,014	$	181,948
Balance, April 30, 2023	$	166,001		$	378,436		$	15,014	$	559,451