ASSETS HELD FOR SALE

12 Months Ended

Jul. 31, 2026

Property, Plant and Equipment [Abstract]

ASSETS HELD FOR SALE [Text Block]

7. ASSETS HELD FOR SALE

During the year ended July 31, 2024, the Company approved a plan to sell its drilling equipment. The drilling equipment had a net carrying amount of $511,530 and was reclassified as an asset held for sale, with no impairment loss recognized. In May 2025, the Company entered into an agreement to sell its drilling equipment for a sale price of $100,000 plus $100,000 in contingent payments. $100,000 was received in June 2025 and was recognized as a deposit liability. Subsequent payments of $50,000 payable for each of the two drilling rigs sold may be received when each rig drills its first hole to a depth of 200m, no later than four months following delivery. In connection with the sale agreement, a loss of $411,530 on the sale of assets was recognized during the year ended July 31, 2025. The sale was completed when delivery occurred in October 2025, and the $100,000 deposit liability was derecognized.