Note 12 - Investments in Equity Securities

12 Months Ended

Jul. 31, 2023

Notes to Financial Statements

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

NOTE 12: INVESTMENTS IN EQUITY SECURITIES

On August 19, 2022, we completed the UEX Acquisition (refer to Note 3), and our investment in UEX shares in the amount of $6,914 as of July 31, 2022 was re-measured to its fair value of $5,830 based on the closing price of UEX on August 19, 2022 and transferred as consideration for the UEX Acquisition.

The changes in our investments in equity securities are summarized as follows:

Balance, July 31, 2021	$	—
Anfield Debt Settlement (Note 6)		10,951
Investment in UEX		5,781
Unrealized loss on revaluation of equity securities		(1,898	)
Balance, July 31, 2022		14,834
Transferred as consideration for UEX Acquisition (Note 3)		(5,830	)
Acquired from UEX Acquisition (Note 3)		135
Investment in public listed companies		47,192
Sale of investment in public listed companies		(4,590	)
Loss on revaluation of equity securities (Note 19)		(13,083	)
Foreign exchange difference		(2	)
Balance, July 31, 2023	$	38,656