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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
OPERATING ACTIVITIES        
Net loss for the period $ (5,474,267) $ (3,461,059) $ (7,548,093) $ (8,424,596)
Adjustments to reconcile net loss to cash flows in operating activities        
Stock-based compensation 1,194,206 1,218,058 2,574,866 2,596,573
Depreciation, amortization and accretion     501,420 196,778
Amortization of discount and accrued fees 259,198 381,828 524,769 825,695
Gain on disposition of assets (750) 0 (750) 0
Gain on loan extinguishment 0 (278,617) 0 (278,617)
(Income) loss from equity-accounted investment (1,732) (600,913) (2,754,899) 102,692
Deferred tax benefits (1,488) (1,041) (2,532) (1,857)
Realized gain on available-for-sale security 0 0 (547,152) 0
Foreign exchange loss     0 1,457
Changes in operating assets and liabilities        
Inventories     (10,867,495) 0
Prepaid expenses and deposits     (69,055) (355,290)
Other current assets     17,376 5,992
Accounts payable and accrued liabilities     450,289 (286,578)
Other liabilities     8,838 14,579
NET CASH USED IN OPERATING ACTIVITIES     (17,712,418) (5,603,172)
FINANCING ACTIVITIES        
Proceeds from share issuances, net of issuance costs     133,143,203 15,419,317
Repayments of long-term debt     (10,000,000) (2,000,000)
Repayments of other loans     (94,523) (30,231)
NET CASH PROVIDED BY FINANCING ACTIVITIES     123,048,680 13,389,086
INVESTING ACTIVITIES        
Net cash used in U1A Acquisition     (113,587,952) 0
Investment in mineral rights and properties     (39,901) (80,000)
Purchase of property, plant and equipment     (84,600) (140,340)
Investment in other assets     (66,643) 0
Investment in term deposits     0 (10,000,000)
Proceeds from redemption of term deposits     0 6,000,000
Proceeds from disposition of assets     750 0
Investment in available-for-sale security     (9,433,068) 0
Proceeds from sale of available-for-sale security     9,980,220 0
NET CASH USED IN INVESTING ACTIVITIES     (113,231,194) (4,220,340)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     (7,894,932) 3,565,574
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     46,350,457 6,986,919
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 38,455,525 $ 10,552,493 $ 38,455,525 $ 10,552,493