OTHER LONG-TERM ASSET AND LIABILITY (Tables)

9 Months Ended

Apr. 30, 2016

Other Long term Asset and Liability [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The fair value of the consideration paid and its allocation to the identifiable assets acquired and liabilities assumed are summarized as follows:

Consideration paid
1,333,560 UEC common shares at $0.92 per share	$	1,226,875
Cash consideration		50,000
Cash payable upon exercise the Option		250,000
Transaction costs		63,090
	$	1,589,965
Assets acquired and liabilities assumed
Cash and cash equivalents	$	3,916
Prepaid expenses		3,804
Land		344,376
Other long-term asset (Option to acquire CIC)		1,553,388
Due to CIC		(315,519)
	$	1,589,965