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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2026
Jan. 31, 2025
OPERATING ACTIVITIES    
Net loss for the period $ (24,278) $ (30,392)
Adjustments to reconcile net loss to cash flows in operating activities    
Stock-based compensation 3,820 3,377
Depreciation, amortization and accretion 3,184 1,648
(Income) loss from equity-accounted investments (2,893) 1,467
Gain on disposition of assets 0 (13)
(Gain) loss on revaluation of equity securities (20,085) 18,317
Gain on revaluation of derivative liabilities 0 (1,706)
Deferred tax recovery (662) (2,766)
Changes in operating assets and liabilities    
Inventories (4,903) 694
Accounts receivable (20,200) 0
Prepaid expenses and other receivables (2,446) 300
Accounts payable and accrued liabilities (3,658) (11,176)
Other liabilities (309) (10)
NET CASH USED IN OPERATING ACTIVITIES (72,430) (20,260)
FINANCING ACTIVITIES    
Proceeds from share issuances, net of issuance costs 448,853 135,289
Taxes and withholdings paid upon settlement of equity awards on a forfeiture basis (3,083) (2,637)
NET CASH PROVIDED BY FINANCING ACTIVITIES 445,770 132,652
INVESTING ACTIVITIES    
Acquisition of Sweetwater Assets 0 (177,293)
Investment in mineral rights and properties 0 (114)
Capital contribution to equity-accounted investment 0 (538)
Investment in equity securities (36,576) (10,455)
Proceeds from sale of equity securities 1,168 54,372
Purchase of property, plant and equipment (2,069) (2,429)
Proceeds from disposition of assets 0 13
NET CASH USED IN INVESTING ACTIVITIES (37,477) (136,444)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 335,863 (24,052)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 158,137 94,784
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 494,004 70,720
FOREIGN EXCHANGE DIFFERENCE ON CASH $ 4 $ (12)