Note 6 - Property, Plant and Equipment

6 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6: PROPERTY, PLANT AND EQUIPMENT

During the three months ended January 31, 2022, in connection with the U1A Acquisition, we acquired a satellite plant located at the Christensen Ranch Mine (the “Christensen Plant”), a central processing plant (the “Irigaray Processing Facility”), and various equipment with a total fair value of $13,159,570.  Refer to Note 3: Acquisition of Uranium One Americas Inc.  The recently acquired plant. facility and equipment have an estimated useful life of three to 21 years and will be depreciated using the straight-line method over their respective useful lives.

As at January 31, 2022, property, plant and equipment consist of the following:

	January 31, 2022							July 31, 2021
	Cost		Accumulated Depreciation			Net Book Value		Cost		Accumulated Depreciation			Net Book Value
Plant and Processing Facilities	$	18,622,945	$	(1,034,024	)	$	17,588,921	$	6,642,835	$	(851,075	)	$	5,791,760
Mining Equipment		2,807,651		(2,361,006	)		446,645		2,355,341		(2,313,489	)		41,852
Logging Equipment and Vehicles		2,705,582		(1,825,440	)		880,142		1,923,983		(1,774,887	)		149,096
Computer Equipment		348,929		(304,553	)		44,376		326,056		(283,645	)		42,411
Furniture and Fixtures		190,731		(176,978	)		13,753		184,941		(172,302	)		12,639
Buildings		297,518		(64,760	)		232,758		297,518		(57,322	)		240,196
Land		1,080,083		-			1,080,083		1,080,083		-			1,080,083
	$	26,053,439	$	(5,766,761	)	$	20,286,678	$	12,810,757	$	(5,452,720	)	$	7,358,037