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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2020
Jan. 31, 2019
OPERATING ACTIVITIES        
Net loss for the period $ (1,888,661) $ (2,349,674) $ (6,931,238) $ (5,801,100)
Adjustments to reconcile net loss to cash flows in operating activities        
Stock-based compensation 798,250 747,342 1,715,636 1,588,866
Depreciation, amortization and accretion     158,138 173,583
Amortization of long-term debt discount 412,580 358,349 844,801 666,120
Gain on disposition of assets     (1,800) (1,583,764)
Income from equity-accounted investment (2,704,373) 105,837 (2,363,776) (282,032)
Deferred tax benefits (1,932) (6,798) (3,610) (11,966)
Realized loss on available-for-sale securities     799
Changes in operating assets and liabilities        
Prepaid expenses and deposits     137,189 (168,785)
Other current assets     140,605 (81,609)
Accounts payable and accrued liabilities     (1,134,749) (841,344)
Due to a related party     (36,374) 27,531
Other liabilities     (70,616)
NET CASH USED IN OPERATING ACTIVITIES     (7,545,794) (6,313,701)
FINANCING ACTIVITIES        
Proceeds from share issuance, net of issuance costs     21,538,191
NET CASH PROVIDED BY FINANCING ACTIVITIES     21,538,191
INVESTING ACTIVITIES        
Investment in mineral rights and properties     (30,000) (105,000)
Purchase of property, plant and equipment     (30,194) (19,505)
Investment in term deposits     (18,026,455)
Proceeds from redemption of term deposits     11,831,671
Proceeds from disposition of assets     1,800 4,900
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES     11,773,277 (18,146,060)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     4,227,483 (2,921,570)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     7,879,578 8,716,422
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 12,107,061 $ 5,794,852 $ 12,107,061 $ 5,794,852