DERIVATIVE LIABILITY (Tables)

3 Months Ended

Oct. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Liability [Table Text Block]

		Warrant derivative			Number of warrants accounted for as derivative liability
Balance, July 31, 2021	$	441,766			5,480,083
Expiry		-			(488,438	)
Fair value adjustment		(67,856	)		-
Balance, July 31, 2022	$	373,910		$	4,991,645
Expiry		-			-
Fair value adjustment		(17,984	)		-
Balance, October 31, 2022	$	355,926			4,991,645

Schedule of Weighted Average Assumptions of Warrants [Table Text Block]

	October 31, 2022	July 31, 2022
Risk-free interest rate	1.52%	1.52%
Expected life of warrants	1.67 to 1.80 years	1.93 to 2.05 years
Expected annualized volatility	98.44% to 99.71%	89.49% to 90.89%
Dividend	Nil	Nil
Forfeiture rate	0%	0%