Note 16 - Segmented Information

6 Months Ended

Jan. 31, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

NOTE 16: SEGMENTED INFORMATION

We currently operate in one reportable segment which is focused on uranium mining and related activities, including exploration, pre-extraction, extraction and processing of uranium concentrates.

As of January 31, 2022, our long-term assets located in the United States totaled $197,452,623 or 83% of our total long-term assets of $236,556,704.

The tables below provide a breakdown of the long-term assets by geographic segments:

	January 31, 2022
Balance Sheet Items	United States								Canada		Paraguay		Total
	Texas		Arizona		Wyoming		Other States
Mineral Rights and Properties	$	12,420,411	$	4,677,477	$	141,941,693	$	176,971	$	982,358	$	14,513,586	$	174,712,496
Property, Plant and Equipment		6,645,133		-		13,243,462		-		29,388		368,695		20,286,678
Restricted Cash		1,948,704		15,000		13,828,570		-		-		-		15,792,274
Equity-Accounted Investment		-		-		-		-		23,009,832		-		23,009,832
Other Non-Current Assets		639,637		-		1,915,565		-		200,222		-		2,755,424
Total Long-Term Assets	$	21,653,885	$	4,692,477	$	170,929,290	$	176,971	$	24,221,800	$	14,882,281	$	236,556,704

	July 31, 2021
Balance Sheet Items	United States								Canada		Paraguay		Total
	Texas		Arizona		Wyoming		Other States
Mineral Rights and Properties	$	12,421,161	$	4,627,477	$	31,527,870	$	146,971	$	546,938	$	14,513,586	$	63,784,003
Property, Plant and Equipment		6,645,905		-		312,763		-		34,036		365,333		7,358,037
Restricted Cash		1,948,704		15,000		73,973		-		-		-		2,037,677
Equity-Accounted Investment		-		-		-		-		20,729,674		-		20,729,674
Other Non-Current Assets		522,306		-		16,000		-		48,026		-		586,332
Total Long-Term Assets	$	21,538,076	$	4,642,477	$	31,930,606	$	146,971	$	21,358,674	$	14,878,919	$	94,495,723

The tables below provide a breakdown of our operating results by geographic segments for the three and six months ended January 31, 2022 and 2021. All intercompany transactions have been eliminated.

	Three Months Ended January 31, 2022
	United States
Statement of Operations	Texas			Arizona			Wyoming			Other States			Canada			Paraguay			Total
Sales and service revenue	$	-		$	-		$	44,925		$	13,146,000		$	-		$	-		$	13,190,925
Cost of sales and services		-			-			(37,438	)		(9,210,770	)		-			-			(9,248,208	)
Gross profit		-			-			7,487			3,935,230			-			-			3,942,717
Operating Costs:
Mineral property expenditures		1,105,249			28,274			663,117			16,336			(11	)		296,208			2,109,173
General and administrative		2,482,465			3,720			162,413			395			1,055,768			10,677			3,715,438
Acquisition-related costs		-			-			2,644,980			-			-			-			2,644,980
Depreciation, amortization and accretion		89,655			-			308,122			-			3,807			1,396			402,980
Loss from operations		(3,677,369	)		(31,994	)		(3,771,145	)		3,918,499			(1,059,564	)		(308,281	)		(4,929,854	)
Other income (expenses)		(1,058,214	)		(4,768	)		(43,394	)		-			559,447			1,028			(545,901	)
Loss before income taxes	$	(4,735,583	)	$	(36,762	)	$	(3,814,539	)	$	3,918,499		$	(500,117	)	$	(307,253	)	$	(5,475,755	)

	Three Months Ended January 31, 2021
	United States
Statement of Operations	Texas			Arizona			Wyoming			Other States			Canada			Paraguay			Total
Operating Costs:
Mineral property expenditures	$	602,513		$	31,452		$	169,576		$	16,336		$	4,779		$	136,601		$	961,257
General and administrative		1,895,718			4,105			20,249			345			533,421			10,865			2,464,703
Depreciation, amortization and accretion		89,372			-			3,719			-			4,972			(465	)		97,598
Loss from operations		(2,587,603	)		(35,557	)		(193,544	)		(16,681	)		(543,172	)		(147,001	)		(3,523,558	)
Other income (expenses)		(537,622	)		(4,768	)		(5,766	)		-			609,666			(52	)		61,458
Loss before income taxes	$	(3,125,225	)	$	(40,325	)	$	(199,310	)	$	(16,681	)	$	66,494		$	(147,053	)	$	(3,462,100	)

	Six Months Ended January 31, 2022
	United States
Statement of Operations	Texas			Arizona			Wyoming			Other States			Canada			Paraguay			Total
Sales and service revenue	$	-		$	-		$	44,925		$	13,146,000		$	-		$	-		$	13,190,925
Cost of sales and services		-			-			(37,438	)		(9,210,770	)		-			-			(9,248,208	)
Gross profit		-			-			7,487			3,935,230			-			-			3,942,717
Operating Costs:
Mineral property expenditures		2,257,326			57,849			862,936			36,760			2,960			547,858			3,765,689
General and administrative		5,084,274			7,440			183,808			740			1,535,520			20,367			6,832,149
Acquisition-related costs		-			-			2,644,980			-			-			-			2,644,980
Depreciation, amortization and accretion		179,255			-			311,841			-			7,505			2,819			501,420
Loss from operations		(7,520,855	)		(65,289	)		(3,996,078	)		3,897,730			(1,545,985	)		(571,044	)		(9,801,521	)
Other income (expenses)		(1,031,385	)		(9,535	)		(43,194	)		-			3,333,179			1,831			2,250,896
Loss before income taxes	$	(8,552,240	)	$	(74,824	)	$	(4,039,272	)	$	3,897,730		$	1,787,194		$	(569,213	)	$	(7,550,625	)

	Six Months Ended January 31, 2021
	United States
Statement of Operations	Texas			Arizona			Wyoming			Other States			Canada			Paraguay			Total
Operating Costs:
Mineral property expenditures	$	1,079,843		$	62,476		$	270,066		$	36,405		$	7,571		$	206,657		$	1,663,018
General and administrative		4,063,077			7,825			37,719			718			918,629			22,424			5,050,392
Depreciation, amortization and accretion		178,744			-			7,438			-			9,280			1,316			196,778
Loss from operations		(5,321,664	)		(70,301	)		(315,223	)		(37,123	)		(935,480	)		(230,397	)		(6,910,188	)
Other income (expenses)		(1,417,836	)		(9,535	)		(5,566	)		-			(88,329	)		5,001			(1,516,265	)
Loss before income taxes	$	(6,739,500	)	$	(79,836	)	$	(320,789	)	$	(37,123	)	$	(1,023,809	)	$	(225,396	)	$	(8,426,453	)