Note 6 - Restricted Cash

6 Months Ended

Jan. 31, 2019

Notes to Financial Statements

Restricted Cash [Text Block]

NOTE

6

:  

RESTRICTED CASH

Restricted cash (previously “reclamation deposits”) includes cash and cash equivalents as collateral for various bonds posted in favor of applicable state regulatory agencies in Arizona, Texas and Wyoming, for estimated reclamation costs associated with our Palangana Mine, Hobson Processing Facility and Reno Creek Project. Restricted cash will be released upon completion of reclamation of a mineral property or restructuring of a surety and collateral arrangement.

	January 31, 2019		July 31, 2018
Restricted cash, beginning of period	$	1,789,899	$	1,706,028
Reclamation deposit received from asset acquisition		-		73,973
Refund of reclamation deposit		-		(819	)
Interest received		14,429		10,717
Restricted cash, end of period	$	1,804,328	$	1,789,899

Cash, cash equivalents and restricted cash are included in the following accounts at

January 31, 2019

and

2018:

	January 31, 2019		January 31, 2018
Cash and cash equivalents	$	3,990,524	$	3,639,646
Restricted cash		1,804,328		1,779,182
Total cash, cash equivalents and restricted cash	$	5,794,852	$	5,418,828