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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2014
CASH PROVIDED BY (USED IN): OPERATING ACTIVITIES      
Net loss for the year $ (17,329,872) $ (23,361,928) $ (25,975,107)
Adjustments to reconcile net loss to cash flows in operating activities      
Stock-based compensation 3,084,163 5,617,748 1,309,450
Depreciation, amortization and accretion 875,724 2,193,160 2,550,012
Amortization of long-term debt discount 1,245,615 1,353,773 1,498,858
Revaluation of asset retirement obligations (308,398) 0 0
Impairment loss on mineral properties 97,114 349,805 653,224
Loss on disposition of assets 2,186 38 2,553
Realized loss on available-for-sale securities 0 3,023 0
Loss on fair value of variable share forward contract 0 0 331,130
Loss on settlement of current liabilities 46,968 0 20,581
Gain on settlement of asset retirement obligations 0 0 (9,831)
Deferred income tax benefit (32,239) (35,413) (69,709)
Changes in operating assets and liabilities      
Inventories (23,317) 1,316,959 (700,679)
Prepaid expenses and deposits (85,673) 46,866 426,549
Other current assets (30,165) (2,954) 30,523
Accounts payable and accrued liabilities (622,713) 243,686 (1,322,106)
Settlement of asset retirement obligations 0 0 (13,551)
NET CASH FLOWS USED IN OPERATING ACTIVITIES (13,080,607) (12,275,237) (21,268,103)
FINANCING ACTIVITIES      
Shares issuance for cash, net of issuance costs 10,209,632 9,650,530 6,342,254
Net proceeds from debt financing 0 0 9,554,467
Due to related parties (14,660) 3,426 1,663
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 10,194,972 9,653,956 15,898,384
INVESTING ACTIVITIES      
Net cash used in asset acquisition (46,084) 0 0
Investment in mineral rights and properties 0 (78,626) (161,800)
Purchase of property, plant and equipment (18,934) (23,041) (163,276)
Proceeds from disposition of assets 818 2,860 600
Cash proceeds from the release of reclamation deposits 0 5,663,158 0
Payment of collateral for surety bonds 0 (1,690,208) 0
Decrease in reclamation deposits (2) (346) 362,280
NET CASH FLOWS (USED IN) PROVIDED BY INVESTING ACTIVITIES (64,202) 3,873,797 37,804
NET CASH FLOWS (2,949,837) 1,252,516 (5,331,915)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 10,092,408 8,839,892 14,171,807
CASH AND CASH EQUIVALENTS, END OF YEAR $ 7,142,571 $ 10,092,408 $ 8,839,892