SUPPLEMENTAL CASH FLOW INFORMATION

9 Months Ended

Apr. 30, 2018

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

NOTE 15: SUPPLEMENTAL CASH FLOW INFORMATION

During the nine months ended April 30, 2018 and 2017, we issued 208,889 and 559,623 shares with a fair value of $322,865 and $694,170, respectively, for consulting services.

During the nine months ended April 30, 2018 and 2017, we issued 624,408 and 670,425 shares with a fair value of $857,258 and $725,364, respectively, as compensation to certain management, employees and consultants of the Company under the 2017 Plan.

During the nine months ended April 30, 2018, we issued 398,839 shares with a fair value of $510,528 as settlement of share issuance obligations of $638,142 relating to the Fiscal 2017 share bonuses made by the Company under the 2017 Plan.

During the nine months ended April 30, 2018 and 2017, we issued 306,053 and 151,679 shares with a fair value of $442,571 and $175,060, respectively, as settlement of certain of the Company’s accounts payable.

During the nine months ended April 30, 2018, we paid $256,389 in cash and issued 163,305 shares, of which 119,546 shares were issued under our 2017 Plan, as settlement of certain severance obligations totaling $492,638.

During the nine months ended April 30, 2018 and 2017, we issued 46,134 and 46,800 shares with a fair value of $61,820 and $48,672, respectively, as an advance royalty payment for the Workman Creek Project.

During the nine months ended April 30, 2018, we issued 14,634,748 shares and paid $909,930 in cash as consideration to acquire the Reno Creek Project. In addition, we issued 353,160 shares as payment of the Reimbursable Expenses totalling $483,829 and issued 217,702 shares with a fair value of $283,013 as payment of certain transaction costs.

During the nine months ended April 30, 2018, we issued 164,767 shares with a fair value of $232,321 and paid $239,120 in cash as consideration to acquire the Diabase Project.

During the nine months ended April 30, 2018 and 2017, we paid $1,213,333 and $1,213,333, respectively, in cash for interest on the long-term debt.

During the three months ended April 30, 2018, we issued 641,574 shares with a fair value of $900,000 as payment of anniversary fees to our Lenders.