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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2022
OPERATING ACTIVITIES      
Net loss for the year $ (29,221) $ (3,307) $ 5,252
Adjustments to reconcile net income (loss) to cash flows in operating activities      
Share-Based Payment Arrangement, Noncash Expense 5,172 5,523 4,681
Depreciation, amortization and accretion 2,183 2,007 1,379
Amortization of long-term debt discount 0 0 525
(Income) loss from equity-accounted investment (1,017) 994 (4,126)
Debt receivable recovery 0 0 (18,342)
Gain on settlement of debt receivable 0 0 (1,780)
(Gain) loss on disposition of assets 27 (20) (6,427)
Impairment loss on mineral properties 0 112 0
Fair value (gain) loss on equity securities (27,505) 13,083 1,351
(Gain) loss on revaluation of derivative liabilities 8,226 (3,293) 0
Gain on settlement of liabilities 0 (428) 0
Deferred tax expense (recovery) (5,034) 870 (5)
Changes in operating assets and liabilities      
Inventories (69,626) 60,363 (37,206)
Prepaid expenses and deposits (69) 583 (1,398)
Other current assets (5) 383 17
Accounts payable and accrued liabilities 10,360 (4,355) 3,262
Other liabilities 22 58 (170)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (106,487) 72,573 (52,987)
FINANCING ACTIVITIES      
Proceeds from share issuances, net of issuance costs 176,708 66,527 168,014
Repayments of long-term debt 0 0 (10,000)
Repayments of other loans 0 (66) (191)
Payments for withholding of employee taxes related to options, Restricted Stock Units ("RSUs") and Performance Based Restricted Stock Units ("PRSUs") (3,632) (1,044) (557)
NET CASH PROVIDED BY FINANCING ACTIVITIES 173,076 65,417 157,266
INVESTING ACTIVITIES      
Investment in mineral rights and properties (1,440) (101) (590)
Purchase of property, plant and equipment (1,988) (555) (620)
Capital contribution to equity-accounted investment (2,876) (1,415) 0
Purchase of additional interest in equity-accounted investment (9,238) 0 0
Investment in equity securities (12,115) (47,192) (15,215)
Proceeds from debt receivable recovery 0 0 9,171
Proceeds from sale of equity security 3,008 4,590 9,980
Proceeds from disposition of assets 8 26 19
NET CASH USED IN INVESTING ACTIVITIES (24,641) (124,780) (110,843)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 41,948 13,210 (6,564)
FOREIGN EXCHANGE DIFFERENCE ON CASH (29) (132) 0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 52,865 39,787 46,351
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 94,784 52,865 39,787
U1A Acquisition [Member]      
INVESTING ACTIVITIES      
Cash used in acquisition 0 0 (113,588)
Cash used in acquisition     (125,593)
UEX Corporation [Member]      
INVESTING ACTIVITIES      
Cash used in acquisition 0 1,984 0
Roughrider [Member]      
INVESTING ACTIVITIES      
Cash used in acquisition $ 0 $ (82,117) $ 0