Note 4 - Mineral Rights and Properties

6 Months Ended

Jan. 31, 2024

Notes to Financial Statements

Mineral Industries Disclosures [Text Block]

NOTE 4: MINERAL RIGHTS AND PROPERTIES

Mineral Rights

As at January 31, 2024, we own mineral rights in the States of Arizona, New Mexico, Texas and Wyoming, in Canada and in the Republic of Paraguay.  These mineral rights were acquired through staking, purchase or lease or option agreements and are subject to varying royalty interests, some of which are indexed to the sale price of uranium or titanium.  As of January 31, 2024, annual maintenance payments of approximately $4,106 will be required to maintain these mineral rights.

As at January 31, 2024, the carrying value of our mineral rights and properties were as follows:

Costs	United States		Canada			Paraguay		Total
Balance, July 31, 2023	$	172,440	$	384,607		$	15,014	$	572,061
Additions		50		1,340			-		1,390
Foreign exchange difference		-		(3,365	)		-		(3,365	)
Balance, January 31, 2024		172,490		382,582			15,014		570,086

Accumulated Amortization and Impairment	United States			Canada			Paraguay		Total
Balance, July 31, 2023		(6,389	)		(112	)		-		(6,501	)
Foreign exchange difference		-			3			-		3
Balance, January 31, 2024		(6,389	)		(109	)		-		(6,498	)
Carrying Value
Balance, July 31, 2023	$	166,051		$	384,495		$	15,014	$	565,560
Balance, January 31, 2024	$	166,101		$	382,473		$	15,014	$	563,588