Note 9 - Investments in Equity Securities

6 Months Ended

Jan. 31, 2025

Notes to Financial Statements

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

NOTE 9: INVESTMENTS IN EQUITY SECURITIES

During the six months ended January 31, 2025, the changes in our investments in equity securities are summarized as follows:

Balance, July 31, 2024	$	75,264
Sale of investment in publicly listed companies		(54,372	)
Investment in public listed companies		10,455
Fair value loss on equity securities		(18,317	)
Foreign exchange difference		(5	)
Balance, January 31, 2025	$	13,025

On January 15, 2025, we completed the acquisition of 107,142,857 common shares (the “Anfield Shares”) of Anfield Energy Inc. (“Anfield”) for total consideration of $10.46 million pursuant to a subscription agreement between the Company and Anfield.

The cumulative revaluation adjustment since acquisition of the equity securities held as at January 31, 2025 is a loss of $8.53 million.