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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
OPERATING ACTIVITIES        
Net income (loss) for the period $ 7,344,738 $ (4,590,161) $ (203,355) $ (13,014,757)
Adjustments to reconcile net loss to cash flows in operating activities        
Stock-based compensation 951,395 1,167,727 3,526,261 3,764,300
Depreciation, amortization and accretion     992,718 294,964
Amortization of long-term debt discount 0 296,401 524,769 1,122,096
(Gain) loss on disposition of assets (18,400) 2,133 (19,150) 2,133
Gain on loan extinguishment 0 (7,759) 0 (286,376)
Income from equity-accounted investment (1,958,684) (870,013) (4,713,583) (767,321)
Deferred tax benefits (1,105) (937) (3,637) (2,794)
Realized gain on available-for-sale security 0 0 (547,152) 0
Debt receivable recovery (9,171,033) 0 (9,171,033) 0
Changes in operating assets and liabilities        
Inventories     (28,046,839) (26,193,818)
Prepaid expenses and deposits     (640,643) (402,017)
Other current assets     (29,310) (13,903)
Accounts payable and accrued liabilities     1,286,511 224,694
Other liabilities     5,948 22,591
NET CASH USED IN OPERATING ACTIVITIES     (37,038,495) (35,250,208)
FINANCING ACTIVITIES        
Proceeds from share issuances, net of issuance costs     152,749,960 88,551,751
Repayments of long-term debt     (10,000,000) (10,000,000)
Repayments of other loans     (142,725) (98,203)
NET CASH PROVIDED BY FINANCING ACTIVITIES     142,607,235 78,453,548
INVESTING ACTIVITIES        
Net cash used in U1A Acquisition     (113,587,952) 0
Investment in mineral rights and properties     (589,901) (80,000)
Purchase of property, plant and equipment     (515,520) (142,266)
Investment in term deposits     0 (10,000,000)
Proceeds from redemption of term deposits     0 6,000,000
Proceeds from disposition of assets     19,150 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     (114,127,071) (4,222,266)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     (8,558,331) 38,981,074
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     46,350,457 6,986,919
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 37,792,126 $ 45,967,993 $ 37,792,126 $ 45,967,993