XML 44 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Jul. 31, 2020
Jul. 31, 2019
EXPENSES    
Accretion expense $ 104,518
Consulting 89,139 65,815
Directors fees 84,167 55,106
Filing and regulatory 55,464 45,935
Foreign exchange (gain) loss 21,451 33,744
General and administrative 440,616 260,768
Geological, mineral, and prospect costs 1,636,791 2,849,335
Interest Expense 101,014 21,179
Professional fees 244,764 395,465
Promotion and shareholder communication 176,652 414,341
Salaries 149,724 139,252
Share-based compensation 357,271 131,300
Loss before other items (3,461,571) (4,412,240)
Gain (Loss) on fair value adjustment on warrant derivative (2,218,107)
Gain on settlement of equipment loan 19,924
Other income 188,219 50,340
Net loss for the period (5,471,535) (4,361,900)
Foreign exchange translation adjustment arising from change in functional currency (50,313)
Net loss and comprehensive loss for the year $ (5,471,535) $ (4,412,213)
Basic and diluted loss per common share $ (0.25) $ (0.29)
Weighted average number of common shares outstanding 21,835,235 14,795,516