XML 27 R5.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended
Jul. 31, 2024
Jul. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Loss for the year $ (3,565,631) $ (3,660,382)
Items not involving cash:    
Interest expense 306,246 328,097
Depreciation 16,935 22,971
Share-based payment 345,507 466,527
Accretion expense 122,920 149,505
Gain on fair value adjustment on warrant derivatives (140,015) (233,895)
Non-cash working capital item changes:    
Receivables 60,558 2,828
Prepaid expenses 22,574 289,260
Accounts payables and accrued liabilities 539,917 135,470
Payable to related parties 77,790 23,141
Net cash used in operating activities (2,213,199) (2,476,478)
CASH FLOWS FROM FINANCING ACTIVITIES    
Private placement, net of issuance cost 1,898,596 2,985,423
Loan repayment (200,000) (250,000)
Proceeds from exercise of options 0 27,409
Net cash provided by financing activities 1,698,596 2,762,832
Change in cash and cash equivalents for the year (514,603) 286,354
Cash and cash equivalents, beginning of year 758,272 471,918
Cash and cash equivalents, end of year $ 243,669 $ 758,272