SEGMENT INFORMATION

12 Months Ended

Jul. 31, 2012

SEGMENT INFORMATION [Text Block]

NOTE 13: SEGMENTED INFORMATION

The Company currently operates in a single reportable segment and is focused on uranium mining and related activities, including exploration, development, extraction and processing of uranium concentrates.

As July 31, 2012, long-term assets located in the U.S. were $44,030,506, or 77% of the Company’s total long-term assets of $57,219,194. During Fiscal 2012, the Company completed three sales of uranium concentrates in the U.S. to two customers comprising all of the Company’s external revenue source.

The table below provides a breakdown of the Company’s long-term assets by geographic segment:

		July 31, 2012
		United States
Balance Sheet Items		Texas		Arizona		Other States		Canada		Paraguay		Total
Mineral Rights and Properties	$	17,823,405	$	10,612,052	$	1,078,907	$	-	$	13,080,556	$	42,594,920
Property, Plant and Equipment		8,919,784		7,331		45,987		63,476		44,656		9,081,234
Reclamation Deposits		5,527,227		15,000		813		-		-		5,543,040
Loan Receivable		-		-		-		-		-		-
Total Long-term Assets	$	32,270,416	$	10,634,383	$	1,125,707	$	63,476	$	13,125,212	$	57,219,194
		July 31, 2011
		United States
Balance Sheet Items		Texas		Arizona		Other States		Canada		Paraguay		Total
Mineral Rights and Properties	$	15,195,697	$	698,241	$	1,066,566	$	-	$	880,579	$	17,841,083
Property, Plant and Equipment		8,614,831		-		14,386		73,196		-		8,702,413
Reclamation Deposits		4,594,489		15,000		811		-		-		4,610,300
Loan Receivable		300,000		-		-		-		-		300,000
Total Long-term Assets	$	28,705,017	$	713,241	$	1,081,763	$	73,196	$	880,579	$	31,453,796

The table below provides a breakdown of the Company’s operating results by geographic segment. All intercompany transactions have been eliminated.

		Year ended July 31, 2012
		United States
Statement of Operations		Texas			Arizona			Other States			Canada			Paraguay			Total
Sales	$	13,757,400		$	-		$	-		$	-		$	-		$	13,757,400
Cost of sales		8,112,040			-			-			-			-			8,112,040
Gross profit		5,645,360			-			-			-			-			5,645,360
Mineral property expenditures		11,429,645			465,131			209,067			-			2,834,879			14,938,722
General and administrative		9,113,348			340,879			349,203			4,179,124			54,420			14,036,974
Depreciation, amortization and accretion		1,105,190			1,769			110,853			49,273			8,472			1,275,557
Impairment loss on mineral properties		-			-			-			-			-			-
Other (income) and expenses		387,344			195,342			-			(11,634	)		(31,437	)		539,615
Loss from continuing operations before income taxes	$	(16,390,167	)	$	(1,003,121	)	$	(669,123	)	$	(4,216,763	)	$	(2,866,334	)	$	(25,145,508	)
		Year ended July 31, 2011
		United States
Statement of Operations		Texas			Arizona			Other States			Canada			Paraguay			Total
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Cost of sales		-			-			-			-			-			-
Gross profit		-			-			-			-			-			-
Mineral property expenditures		10,899,201			67,035			202,952			-			250,992			11,420,180
General and administrative		10,910,502			1,428			253,184			3,991,219			30,733			15,187,066
Depreciation, amortization and accretion		997,715			-			121,718			36,526			-			1,155,959
Impairment loss on mineral properties		128,339			-			15,057			-			-			143,396
Other (income) and expenses		(548,501	)		-			-			(5	)		-			(548,506	)
Loss from continuing operations before income taxes	$	(22,387,256	)	$	(68,463	) $		(592,911	)	$	(4,027,740	)	$	(281,725	)	$	(27,358,095	)
		Year ended July 31, 2010
		United States
Statement of Operations		Texas			Arizona			Other States			Canada			Paraguay			Total
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Cost of sales		-			-			-			-			-			-
Gross profit		-			-			-			-			-			-
Mineral property expenditures		6,284,294			36,011			118,409			-			-			6,438,714
General and administrative		12,226,413			45			355,388			2,572,483			-			15,154,329
Depreciation, amortization and accretion		619,386			-			159,744			15,374			-			794,504
Impairment loss on mineral properties		31,800			-			11,800			-			-			43,600
Other (income) and expenses		582,227			-			-			(624	)		-			581,603
Loss from continuing operations before income taxes	$	(19,744,120	)	$	(36,056	)	$	(645,341	)	$	(2,587,233	)	$	-		$	(23,012,750	)