Note 4 - Mineral Rights and Properties

9 Months Ended

Apr. 30, 2024

Notes to Financial Statements

Mineral Industries Disclosures [Text Block]

NOTE 4: MINERAL RIGHTS AND PROPERTIES

Mineral Rights

As at April 30, 2024, 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 or titanium.  As of April 30, 2024, annual maintenance payments of approximately $4,818 will be required to maintain these mineral rights.

As at April 30, 2024, 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		50		1,340			-		1,390
Foreign exchange difference		-		(8,520	)		-		(8,520	)
Balance, April 30, 2024		172,490		377,427			15,014		564,931

Accumulated Amortization and Impairment	United States			Canada			Paraguay		Total
Balance, July 31, 2023		(6,389	)		(112	)		-		(6,501	)
Foreign exchange difference		-			6			-		6
Balance, April 30, 2024		(6,389	)		(106	)		-		(6,495	)
Carrying Value
Balance, July 31, 2023	$	166,051		$	384,495		$	15,014	$	565,560
Balance, April 30, 2024	$	166,101		$	377,321		$	15,014	$	558,436