XML 15 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Oct. 31, 2017
Oct. 31, 2016
CASH PROVIDED BY (USED IN): OPERATING ACTIVITIES    
Net loss for the period $ (4,555,840) $ (4,252,694)
Adjustments to reconcile net loss to cash flows in operating activities    
Stock-based compensation 640,679 985,261
Depreciation, amortization and accretion 90,335 151,352
Amortization of long-term debt discount 297,422 295,329
Impairment loss on mineral properties 0 143,168
Inventory write-down 0 60,694
Deferred income tax benefit (9,188) (8,816)
Share of gain from equity-accounted investment (108,789) 0
Reimbursable Expenses for Reno Creek Acquisition 483,829 0
Changes in operating assets and liabilities    
Inventories 0 2,960
Prepaid expenses and deposits (138,375) (471,806)
Other current assets 16,085 17,795
Accounts payable and accrued liabilities (853,734) 225,987
NET CASH FLOWS USED IN OPERATING ACTIVITIES (4,137,576) (2,850,770)
FINANCING ACTIVITIES    
Shares issuance for cash, net of issuance costs 0 36,000
Due to a related party 2,490 0
NET CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 2,490 36,000
INVESTING ACTIVITIES    
Net cash received from asset acquisition 215,065 0
Purchase of property, plant and equipment (2,311) 0
Increase in other long-term assets (97,836) 0
Purchase of short-term investments (8,603,700) 0
Redemption of short-term investments 10,000,000 0
NET CASH FLOWS PROVIDED BY INVESTING ACTIVITIES 1,511,218 0
NET CASH FLOWS (2,623,868) (2,814,770)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 12,575,973 7,142,571
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 9,952,105 $ 4,327,801