Note 7 - Inventories

12 Months Ended

Jul. 31, 2023

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE 7: INVENTORIES

As at July 31, 2023, we held 171,000 pounds of purchased uranium concentrate inventory.  Costs of inventory consisted of the following:

	July 31, 2023		July 31, 2022
Material and supplies	$	228	$	232
Uranium concentrates from production		178		178
Purchased uranium inventories		5,801		66,160
	$	6,207	$	66,570

As at July 31, 2023, our uranium inventory purchase commitments over the next five fiscal years are as the follows:

	Purchase Commitments in Pounds		Total Purchase Price
Fiscal 2024		995,000	$	45,777
Fiscal 2025		600,000		23,120
Fiscal 2026		100,000		3,620
Total		1,695,000	$	72,517

Subsequent to  July 31, 2023, we entered into agreements to purchase 300,000 pounds of purchased uranium inventory for $19,925 with delivery dates in October and November 2023. A purchase commitment of 200,000 pounds for $10,244 in Fiscal 2024 was cancelled. We also received 295,000 pounds of purchased uranium inventory at a cost of $10,058.