SEGMENT INFORMATION

9 Months Ended

Apr. 30, 2013

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 April 30, 2013, long-term assets located in the U.S. were $43,559,023, or 77% of the Company’s total long-term assets of $56,712,994. During the three and nine months ended April 30, 2013, the Company completed uranium concentrates sales of 70,000 pounds and 170,000 pounds, respectively, to one customer in the U.S., 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:

		April 30, 2013
		United States						Canada		Paraguay		Total
Balance Sheet Items		Texas		Arizona		Other States
Mineral Rights and Properties	$	17,322,593	$	10,712,052	$	1,081,919	$	-	$	13,080,555	$	42,197,119
Property, Plant and Equipment		8,368,243		6,914		27,143		36,539		36,877		8,475,716
Reclamation Deposits		6,024,345		15,000		814		-		-		6,040,159
Total Long-Term Assets	$	31,715,181	$	10,733,966	$	1,109,876	$	36,539	$	13,117,432	$	56,712,994

		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 April 30, 2013
		United States									Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	2,789,325		$	-		$	-		$	-		$	-		$	2,789,325
Cost of sales		2,271,267			-			-			-			-			2,271,267
Gross profit		518,058			-			-			-			-			518,058
Mineral property expenditures		1,595,302			505			116,299			-			115,041			1,827,147
General and administrative		1,160,988			31,478			38,742			1,015,870			(2,396	)		2,244,682
Depreciation, amortization and accretion		324,844			758			6,950			9,458			2,970			344,980
Other (income) and expenses		(3,642	)		5,020			-			(80	)		(4	)		1,294
Net loss for the period	$	(2,559,434	)	$	(37,761	)	$	(161,991	)	$	(1,025,248	)	$	(115,611	)	$	(3,900,045	)

		Three months ended April 30, 2012
		United States									Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Cost of sales		-			-			-			-			-			-
Gross profit		-			-			-			-			-			-
Mineral property expenditures		2,191,220			238,586			70,372			-			1,511,811			4,011,989
General and administrative		2,578,447			46,141			54,406			1,073,986			10,988			3,763,968
Depreciation, amortization and accretion		294,078			758			7,252			9,734			2,826			314,648
Other (income) and expenses		(6,369	)		142,152			-			(1,947	)		(90	)		133,746
Net loss for the period	$	(5,057,376	)	$	(427,637	)	$	(132,030	)	$	(1,081,773	)	$	(1,525,535	)	$	(8,224,351	)

		Nine months ended April 30, 2013
		United States									Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	7,046,325		$	-		$	-		$	-		$	-		$	7,046,325
Cost of sales		6,225,661			-			-			-			-			6,225,661
Gross profit		820,664			-			-			-			-			820,664
Mineral property expenditures		7,049,924			126,655			364,524			-			568,593			8,109,696
General and administrative		4,610,551			106,266			127,265			3,432,314			887			8,277,283
Depreciation, amortization and accretion		1,146,764			2,275			26,819			31,820			8,885			1,216,563
Other (income) and expenses		(2,352	)		16,319			-			(43	)		(10,924	)		3,000
Net loss for the period	$	(11,984,223	)	$	(251,515	)	$	(518,608	)	$	(3,464,091	)	$	(567,441	)	$	(16,785,878	)

		Nine months ended April 30, 2012
		United States									Canada			Paraguay			Total
Statement of Operations		Texas			Arizona			Other States
Sales	$	6,240,000		$	-		$	-		$	-		$	-		$	6,240,000
Cost of sales		3,160,854			-			-			-			-			3,160,854
Gross profit		3,079,146			-			-			-			-			3,079,146
Mineral property expenditures		7,913,401			425,289			150,916			-			2,417,674			10,907,280
General and administrative		7,794,338			246,301			276,475			3,020,492			31,611			11,369,217
Depreciation, amortization and accretion		869,522			1,011			19,551			39,467			5,573			935,124
Other (income) and expenses		(40,844	)		239,781			-			(1,446	)		(59	)		197,432
Net loss for the period	$	(13,457,271	)	$	(912,382	)	$	(446,942	)	$	(3,058,513	)	$	(2,454,799	)	$	(20,329,907	)