v3.22.2.2
Consolidated Statements of Cash Flows
12 Months Ended
Jul. 31, 2022
USD ($)
Jul. 31, 2022
CAD ($)
Jul. 31, 2021
USD ($)
Jul. 31, 2021
CAD ($)
Jul. 31, 2020
USD ($)
Jul. 31, 2020
CAD ($)
Operating activities            
Income (loss) for the year   $ (997,845)   $ (116,419)   $ 2,524,763
Adjusted for:            
Accretion expense - office lease   5,326   1,456   0
Amortization of right-of-use asset   9,895   2,474   0
Income taxes expense   0   37,858   0
Interest income   (3,365)   (1,376)   (1,091)
Interest expense   0   0   6,291
Gain on sale of royalty interests, net of costs   0   (176,398)   0
Gain on settlement of debt   0   0   (2,779,882)
Equity-settled share-based compensation   399,140   0   0
Changes in working capital items:            
Amounts receivable and other assets   (13,544)   7,474   (3,841)
Amounts payable and other liabilities   127,260   6,882   2,114
Due to related parties   27,453   50,465   8,769
Net cash used in operating activities   (445,680)   (288,514)   (242,877)
Investing activities            
Acquisition of mineral property interests   (75,000)   (130,000)   0
Sale of royalty interest, net of costs   0   176,399   0
Interest received   3,365   1,376   1,091
Net cash provided by investing activities   (71,635)   47,775   1,091
Financing activities            
Office lease payment (base rent portion capitalized under IFRS 16)   (12,792)   (2,132)   0
Proceeds from exercise of warrants and options   645,455   236,364   0
Proceeds from private placement   0   0   500,000
Share issuance costs   0   (4,981)   (16,558)
Repayment of loan payable   0   0   (100,000)
Interest paid on related-party loan   0   0   (7,500)
Net cash provided by financing activities   632,663   229,251   375,942
Increase (decrease) in cash   $ 115,348   $ (11,488)   $ 134,156
Cash, beginning of the year $ 206,443   $ 206,529   $ 72,373  
Cash, end of the year $ 321,791   $ 195,041   $ 206,529