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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2023
OPERATING ACTIVITIES      
Net loss for the year $ (87,656) $ (29,221) $ (3,307)
Adjustments to reconcile net loss to cash flows in operating activities      
Stock-based compensation 6,015 5,172 5,523
Depreciation, amortization and accretion 4,486 2,183 2,007
(Income) loss from equity-accounted investment 3,352 (1,017) 994
(Gain) loss on disposition of assets 98 27 (20)
Impairment loss on mineral properties 0 0 112
Fair value (gain) loss on equity securities 18,051 (27,505) 13,083
(Gain) loss on revaluation of derivative liabilities (1,706) 8,226 (3,293)
Gain on settlement of liabilities 0 0 (428)
Deferred tax expense (recovery) (2,779) (5,034) 870
Changes in operating assets and liabilities      
Inventories (2,305) (69,626) 60,363
Prepaid expenses, deposits and other receivables 232 (74) 966
Other non-current assets 519 0 0
Accounts payable and accrued liabilities (2,993) 10,360 (4,355)
Other liabilities 228 22 58
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (64,458) (106,487) 72,573
FINANCING ACTIVITIES      
Proceeds from share issuances, net of issuance costs 287,513 176,708 66,527
Repayments of other loans 0 0 (66)
Payments for withholding of employee taxes related to options, Restricted Stock Units ("RSUs") and Performance Based Restricted Stock Units ("PRSUs") (2,674) (3,632) (1,044)
NET CASH PROVIDED BY FINANCING ACTIVITIES 284,839 173,076 65,417
INVESTING ACTIVITIES      
Investment in mineral rights and properties (215) (1,440) (101)
Purchase of property, plant and equipment (5,480) (1,988) (555)
Capital contribution to equity-accounted investment (538) (2,876) (1,415)
Purchase of additional interest in equity-accounted investment 0 (9,238) 0
Investment in equity securities (25,695) (12,115) (47,192)
Proceeds from sale of equity securities 54,438 3,008 4,590
Proceeds from disposition of assets 59 8 26
NET CASH USED IN INVESTING ACTIVITIES (157,029) (24,641) (124,780)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 63,352 41,948 13,210
FOREIGN EXCHANGE DIFFERENCE ON CASH 1 (29) (132)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 94,784 52,865 39,787
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 158,137 94,784 52,865
UEX Corporation [Member]      
INVESTING ACTIVITIES      
Cash used in acquisition 0 0 1,984
Roughrider [Member]      
INVESTING ACTIVITIES      
Cash used in acquisition 0 0 (82,117)
Sweetwater [Member]      
INVESTING ACTIVITIES      
Acquisition of Sweetwater Assets $ (179,598) $ 0 $ 0