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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Apr. 30, 2016
Jul. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 10,086,805 $ 10,092,408
Inventories 251,999 251,999
Prepaid expenses and deposits 751,598 444,500
Other current assets 24,730 18,711
Total Current Assets 11,115,132 10,807,618
MINERAL RIGHTS AND PROPERTIES 38,163,086 38,437,967
PROPERTY, PLANT AND EQUIPMENT 7,020,860 6,948,647
RECLAMATION DEPOSITS 1,706,026 1,706,025
OTHER LONG-TERM ASSET 1,553,388 0
Total Assets 59,558,492 57,900,257
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 2,113,018 2,538,544
Due to related parties 897 14,660
Current portion of long-term debt 0 1,666,667
Current portion of asset retirement obligations 0 340,827
Total Current Liabilities 2,113,915 4,560,698
DEFERRED INCOME TAX LIABILITIES 653,154 676,064
LONG-TERM DEBT 18,913,370 18,090,811
OTHER LONG-TERM LIABILITY 315,519 0
ASSET RETIREMENT OBLIGATIONS 3,932,073 3,586,019
Total Liabilities 25,928,031 26,913,592
STOCKHOLDERS' EQUITY    
Capital stock Common stock $0.001 par value: 750,000,000 shares authorized, 116,092,655 shares issued and outstanding (July 31, 2015 - 97,834,087) 116,093 97,841
Additional paid-in capital 239,105,949 222,927,529
Accumulated deficit (205,576,668) (192,024,074)
Accumulated other comprehensive loss (14,913) (14,631)
Total Stockholders' Equity 33,630,461 30,986,665
Total Liabilities and Stockholders' Equity $ 59,558,492 $ 57,900,257
COMMITMENTS AND CONTINGENCIES