SEGMENT INFORMATION

3 Months Ended

Oct. 31, 2012

SEGMENT INFORMATION [Text Block]

NOTE 11:            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 at October 31, 2012, long-term assets located in the U.S. were $43,496,262, or 77% of the Company’s total long-term assets of $56,676,672. During the three months ended October 31, 2012, the Company completed one sale of uranium concentrates in the U.S. to one customer comprising all of the Company’s external revenue source.

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

		October 31, 2012
		United States						Canada		Paraguay		Total
Balance Sheet Items		Texas		Arizona		Other States
Mineral Rights and Properties	$	17,474,487	$	10,612,052	$	1,073,407	$	-	$	13,080,555	$	42,240,501
Property, Plant and Equipment		8,744,398		6,572		40,258		57,039		42,816		8,891,083
Reclamation Deposits		5,529,275		15,000		813		-				5,545,088
Total Long-Term Assets	$	31,748,160	$	10,633,624	$	1,114,478	$	57,039	$	13,123,371	$	56,676,672

		July 31, 2012
		United States						Canada		Paraguay		Total
Balance Sheet Items		Texas		Arizona		Other States
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
Total Long-Term Assets	$	32,270,416	$	10,634,383	$	1,125,707	$	63,476	$	13,125,212	$	57,219,194

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

		Three months ended October 31, 2012
		United States									Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	2,153,250		$	-		$	-		$	-		$	-		$	2,153,250
Cost of sales		1,863,109			-			-			-			-			1,863,109
Gross profit		290,141			-			-			-			-			290,141
Mineral property expenditures		3,814,907			120,114			151,194			-			291,070			4,377,285
General and administrative		935,418			36,893			42,992			1,708,900			734			2,724,937
Depreciation, amortization and accretion		470,058			758			11,230			11,356			2,945			496,347
Other (income) and expenses		(5,999	)		6,110			-			-			(10,916	)		(10,805	)
Net loss for the period	$	(4,924,243	)	$	(163,875	)	$	(205,416	)	$	(1,720,256	)	$	(283,833	)	$	(7,297,623	)

		Three months ended October 31, 2011
		United States									Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	3,120,000		$	-		$	-		$	-		$	-		$	3,120,000
Cost of sales		1,420,086			-			-			-			-			1,420,086
Gross profit		1,699,914			-			-			-			-			1,699,914
Mineral property expenditures		2,259,166			140,677			69,539			-			263,218			2,732,600
General and administrative		1,966,867			148,915			82,019			1,683,964			7,916			3,889,681
Depreciation, amortization and accretion		254,839			-			29,786			12,996			958			298,579
Other (income) and expenses		(18,790	)		356,163			-			-			(8	)		337,365
Net loss for the period	$	(2,762,168	)	$	(645,755	)	$	(181,344	)	$	(1,696,960	)	$	(272,084	)	$	(5,558,311	)