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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Jul. 31, 2021
OPERATING ACTIVITIES      
Net income (loss) for the year $ (3,307) $ 5,252 $ (14,813)
Adjustments to reconcile net income (loss) to cash flows in operating activities      
Stock-based compensation 5,523 4,681 5,471
Depreciation, amortization and accretion 2,007 1,379 393
Amortization of long-term debt discount 0 525 1,376
Loss (income) from equity-accounted investment 994 (4,126) (5,205)
Debt receivable recovery 0 (18,342) 0
Gain on settlement of debt receivable 0 (1,780) 0
(Gain) loss on disposition of assets (20) (6,427) 2
Impairment loss on mineral properties 112 0 0
Loss on revaluation of equity securities 13,083 1,351 0
Gain on revaluation of derivative liabilities (3,293) 0 0
Gain on settlement of liabilities (428) 0 (286)
Deferred tax recovery 868 (5) (4)
Changes in operating assets and liabilities      
Inventories 60,363 (37,206) (28,961)
Prepaid expenses and deposits 583 (1,398) (113)
Other current assets 383 17 (6)
Accounts payable and accrued liabilities (4,353) 3,262 669
Other liabilities 58 (170) 7
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 72,573 (52,987) (41,470)
FINANCING ACTIVITIES      
Proceeds from share issuances, net of issuance costs 66,527 168,014 95,436
Repayments of long-term debt 0 (10,000) (10,000)
Repayments of other loans (66) (191) (145)
Cash paid for withholding amounts on options, RSU and PRSU (1,044) (557) (833)
NET CASH PROVIDED BY FINANCING ACTIVITIES 65,417 157,266 84,458
INVESTING ACTIVITIES      
Investment in mineral rights and properties (101) (590) (80)
Purchase of property, plant and equipment (555) (620) (148)
Capital contribution to equity-accounted investment (1,415) 0 0
Purchase of additional interest in equity-accounted investment 0 0 (3,397)
Investment in term deposits 0 0 (10,000)
Investment in equity securities (47,192) (15,215) 0
Proceeds from redemption of term deposits 0 0 10,000
Proceeds from debt receivable recovery 0 9,171 0
Proceeds from sale of equity security 4,590 9,980 0
Proceeds from disposition of assets 26 19 0
NET CASH USED IN INVESTING ACTIVITIES (124,780) (110,843) (3,625)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 13,210 (6,564) 39,363
FOREIGN EXCHANGE DIFFERENCE ON CASH (132) 0 0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 39,787 46,351 6,988
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 52,865 39,787 46,351
U1A Acquisition [Member]      
INVESTING ACTIVITIES      
Cash used in acquisition 0 (113,588) 0
Cash used in acquisition   (125,593)  
UEX Corporation [Member]      
INVESTING ACTIVITIES      
Cash used in acquisition 1,984 0 0
Roughrider [Member]      
INVESTING ACTIVITIES      
Cash used in acquisition $ (82,117) $ 0 $ 0