Note 4 - Mineral Rights and Properties

3 Months Ended

Oct. 31, 2023

Notes to Financial Statements

Mineral Industries Disclosures [Text Block]

NOTE 4: MINERAL RIGHTS AND PROPERTIES

Mineral Rights

As at October 31, 2023, we own mineral rights in the States of Arizona, New Mexico, Texas and Wyoming, 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 October 31, 2023, annual maintenance payments of approximately $6,546 will be required to maintain these mineral rights.

As at October 31, 2023, the carrying value of our mineral rights and properties were as follows:

Costs	United States		Canada			Paraguay		Total
Balance, July 31, 2023	$	172,440	$	384,607		$	15,014	$	572,061
Additions		-		1,160			-		1,160
Foreign exchange difference		-		(10,297	)		-		(10,297	)
Balance, October 31, 2023		172,440		375,470			15,014		562,924

Accumulated Depletion and Amortization	United States			Canada			Paraguay		Total
Balance, July 31, 2023		(6,389	)		(112	)		-		(6,501	)
Balance, October 31, 2023		(6,389	)		(112	)		-		(6,501	)
Carrying Value
Balance, July 31, 2023	$	166,051		$	384,495		$	15,014	$	565,560
Balance, October 31, 2023	$	166,051		$	375,358		$	15,014	$	556,423