Note 8 - Restricted Cash

12 Months Ended

Jul. 31, 2022

Notes to Financial Statements

Restricted Cash [Text Block]

NOTE 8: RESTRICTED CASH

Restricted cash includes cash and cash equivalents and money market funds as collateral for various bonds posted in favor of applicable state regulatory agencies in Arizona, Texas and Wyoming, and for estimated reclamation costs associated with our plants, processing facilities and various projects. Restricted cash will be released upon completion of reclamation of a mineral property or restructuring of a surety and collateral arrangement.

As at July 31, 2022, restricted cash consisted of the following:

	July 31, 2022			July 31, 2021
Balance, beginning of year	$	2,038		$	1,839
Restricted cash received from U1A Acquisition		13,755			-
(Release) addition of surety bond collateral		(8,550	)		199
Interest received		8			-
Balance, end of year	$	7,251		$	2,038

During Fiscal 2022, we received $8,550 as a result of the partial release of surety bond collateral related to the Christensen Ranch Mine and Irigaray Processing Facility.

Cash, cash equivalents and restricted cash are included in the following accounts:

	July 31, 2022		July 31, 2021		July 31, 2020
Cash and cash equivalents	$	32,536	$	44,313	$	5,149
Restricted cash		7,251		2,038		1,839
Total cash, cash equivalents and restricted cash	$	39,787	$	46,351	$	6,988