SEGMENTED INFORMATION

3 Months Ended

Oct. 31, 2014

SEGMENTED INFORMATION [Text Block]

NOTE 12: SEGMENTED INFORMATION

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

At October 31, 2014, long-term assets located in the U.S. totaled $39,671,822, or 75% of the Company’s total long-term assets of $52,789,841.

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

		October 31, 2014
		United States
Balance Sheet Items		Texas		Arizona		Other States		Canada		Paraguay		Total
Deferred Financing Costs	$	146,669	$	-	$	-	$	-	$	-	$	146,669
Mineral Rights and Properties		14,452,112		10,791,861		883,105		-		13,080,555		39,207,633
Property, Plant and Equipment		7,718,915		-		186		15,323		22,141		7,756,565
Reclamation Deposits		5,663,158		15,000		816		-		-		5,678,974
Total Long-term Assets	$	27,980,854	$	10,806,861	$	884,107	$	15,323	$	13,102,696	$	52,789,841

		July 31, 2014
		United States
Balance Sheet Items		Texas		Arizona		Other States		Canada		Paraguay		Total
Deferred Financing Costs	$	167,621	$	-	$	-	$	-	$	-	$	167,621
Mineral Rights and Properties		14,732,677		10,791,861		883,606		-		13,080,555		39,488,699
Property, Plant and Equipment		7,966,833		-		465		12,960		25,079		8,005,337
Reclamation Deposits		5,662,814		15,000		815		-		-		5,678,629
Total Long-term Assets	$	28,529,945	$	10,806,861	$	884,886	$	12,960	$	13,105,634	$	53,340,286

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

		Three Months Ended October 31, 2014
		United States
Statement of Operations		Texas			Arizona			Other States			Canada			Paraguay			Total
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Costs and Expenses:
Cost of sales		-			-			-			-			-			-
Inventory write-down		-			-			-			-			-			-
Mineral property expenditures		1,635,826			127,108			133,725			-			363,472			2,260,131
General and administrative		2,347,960			56,536			6,964			758,385			7,743			3,177,588
Depreciation, amortization and accretion		569,893			-			780			3,463			3,106			577,242
Impairment loss on mineral property		-			-			-			-			-			-
		4,553,679			183,644			141,469			761,848			374,321			6,014,961
Loss from operations		(4,553,679	)		(183,644	)		(141,469	)		(761,848	)		(374,321	)		(6,014,961	)
Other (income) and expenses		727,891			5,189			-			-			(311	)		732,769
Loss before income taxes	$	(5,281,570	)	$	(188,833	)	$	(141,469	)	$	(761,848	)	$	(374,010	)	$	(6,747,730	)

		Three Months Ended October 31, 2013
		United States
Statement of Operations		Texas			Arizona			Other States			Canada			Paraguay			Total
Sales	$	-		$	-		$	-		$	-		$	-		$	-
Costs and Expenses:
Cost of sales		-			-			-			-			-			-
Inventory write-down		392,149			-			-			-			-			392,149
Mineral property expenditures		1,245,460			126,693			114,014			-			101,976			1,588,143
General and administrative		1,324,533			34,417			41,332			904,622			885			2,305,789
Depreciation, amortization and accretion		527,296			758			5,130			4,923			2,972			541,079
Impairment loss on mineral property		-			-			28,891			-			-			28,891
		3,489,438			161,868			189,367			909,545			105,833			4,856,051
Loss from operations		(3,489,438	)		(161,868	)		(189,367	)		(909,545	)		(105,833	)		(4,856,051	)
Other (income) and expenses		1,016,487			5,189			-			2,223			(16	)		1,023,883
Loss before income taxes	$	(4,505,925	)	$	(167,057	)	$	(189,367	)	$	(911,768	)	$	(105,817	)	$	(5,879,934	)