XML 26 R16.htm IDEA: XBRL DOCUMENT v3.24.3
Note 10 - Derivative Liabilities
3 Months Ended
Oct. 31, 2024
Notes to Financial Statements  
Derivatives and Fair Value [Text Block]

NOTE 10:

DERIVATIVE LIABILITIES

 

On August 19, 2022, the Company issued replacement warrants (each, a “Replacement Warrant”) in connection with the UEX Acquisition.  The Replacement Warrants are accounted for as derivative liabilities as the exercise prices of the Replacement Warrants are denominated in Canadian dollars which differs from our functional currency.

 

As at October 31, 2024, there were no Replacement Warrants outstanding.  The movement in derivative liabilities during the period is as follows:

 

Balance, July 31, 2024

 $3,030 

Exercise of Replacement Warrants

  (1,324)

Change in fair value during the period

  (1,706)

Balance, October 31, 2024

 $-