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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
SALES AND SERVICE REVENUE $ 13,190,925 $ 0 $ 13,190,925 $ 0
COST OF SALES AND SERVICES (9,248,208) 0 (9,248,208) 0
GROSS PROFIT 3,942,717 0 3,942,717 0
OPERATING COSTS        
Mineral property expenditures 2,109,173 961,257 3,765,689 1,663,018
General and administrative 3,715,438 2,464,703 6,832,149 5,050,392
Acquisition-related costs 2,644,980 0 2,644,980 0
Depreciation, amortization and accretion 402,980 97,598 501,420 196,778
TOTAL OPERATING COSTS 8,872,571 3,523,558 13,744,238 6,910,188
LOSS FROM OPERATIONS (4,929,854) (3,523,558) (9,801,521) (6,910,188)
OTHER INCOME (EXPENSES)        
Interest income 10,558 8,753 31,129 14,363
Interest expenses and finance costs (566,836) (829,727) (1,097,714) (1,720,641)
Income (loss) from equity-accounted investment 1,732 600,913 2,754,899 (102,692)
Gain on loan extinguishment 0 278,617 0 278,617
Realized gain on available-for-sale security 0 0 547,152 0
Other income 7,895 2,902 14,680 14,088
Gain on disposition of assets 750 0 750 0
OTHER INCOME (EXPENSES) (545,901) 61,458 2,250,896 (1,516,265)
LOSS BEFORE INCOME TAXES (5,475,755) (3,462,100) (7,550,625) (8,426,453)
DEFERRED TAX BENEFIT 1,488 1,041 2,532 1,857
NET LOSS FOR THE PERIOD (5,474,267) (3,461,059) (7,548,093) (8,424,596)
OTHER COMPREHENSIVE INCOME (LOSS)        
Translation (loss) gain (617,910) 486,038 (474,741) 548,799
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) (617,910) 486,038 (474,741) 548,799
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD $ (6,092,177) $ (2,975,021) $ (8,022,834) $ (7,875,797)
NET LOSS PER SHARE, BASIC AND DILUTED (in dollars per share) $ (0.02) $ (0.02) $ (0.03) $ (0.04)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED (in shares) 269,120,537 198,673,515 257,989,930 194,314,507