Note 13 - Asset Retirement Obligations

12 Months Ended

Jul. 31, 2025

Notes to Financial Statements

Asset Retirement Obligation Disclosure [Text Block]

NOTE 13: ASSET RETIREMENT OBLIGATIONS

Asset retirement obligations (“ARO”s) relate to future remediation and decommissioning activities at our Palangana Mine, Hobson Processing Facility, Reno Creek Project, Alto Paraná Titanium Project, Christensen Ranch Mine and Irigaray Processing Facility, as well as the AROs related to Roughrider Acquisition, UEX Acquisition and Sweetwater Acquisition.

	July 31, 2025			July 31, 2024
Balance, beginning of year	$	19,625		$	18,670
Accretion		1,654			988
Assumed from Sweetwater Acquisition (Note 5)		10,392			-
Addition		7,688			-
Liabilities settled in cash		(295	)		(33	)
Balance, end of year	$	39,064		$	19,625
Current asset retirement obligations		(5,160	)		(2,953	)
Non-current assets retirement obligations	$	33,904		$	16,672

The estimated amounts and timing of cash flows and assumptions used for the ARO estimates are as follows:

	July 31, 2025		July 31, 2024
Undiscounted amount of estimated cash flows	$	88,669	$	29,030
Payable in years		1 to 37		1 to 23
Inflation rate		1.56% to 5.32%		1.56% to 5.32%
Discount rate		3.72% to 6.35%		3.72% to 6.35%