| Segment Reporting [Text Block] |
NOTE 14: | SEGMENTED INFORMATION |
The Company’s operating segments consist of uranium exploration and mining activities in Wyoming, Texas, Saskatchewan and others, as well as a corporate segment engaged in investments and the trading of purchased uranium inventory.
Our Chief Executive Officer, who is also our Chief Operating Decision Maker (“CODM”) evaluates performance and allocates resources for all of the Company’s reportable segments based on income (loss) before income taxes. The CODM uses segment income (loss) before income taxes to allocate resources, including decisions related to capital investment in mining operations and potential expansion opportunities. The significant segment expenses reviewed by the CODM are consistent with the operating expense line items presented in the Company’s consolidated statements of operations.
The Company adopted ASU 2023-07, Segment Reporting (Topic 280), on August 1, 2024. The new segment reporting requirement is applied retrospectively to all prior periods presented in these consolidated financial statements. The tables below present financial information for each of the Company’s reportable segments. All intercompany transactions have been eliminated.
| | Three Months Ended April 30, 2026 | |
| | Mining | | | Corporate | | | Total | |
Statement of Operations | | Wyoming | | | Texas | | | Saskatchewan | | | Others | | | | | | | | | |
Sales | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | |
Cost of sales | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
Depreciation, amortization and accretion | | | (1,343 | ) | | | (420 | ) | | | (45 | ) | | | (6 | ) | | | (1 | ) | | | (1,815 | ) |
Other operating expenses (1) | | | (17,995 | ) | | | (7,547 | ) | | | (5,463 | ) | | | (446 | ) | | | (7,520 | ) | | | (38,971 | ) |
Other income (expenses) | | | | | | | | | | | | | | | | | | | | | | | | |
Income from equity-accounted investment | | | - | | | | - | | | | - | | | | - | | | | 3,454 | | | | 3,454 | |
Fair value loss on equity securities | | | - | | | | - | | | | - | | | | - | | | | (19,432 | ) | | | (19,432 | ) |
Interest expense and finance costs | | | (333 | ) | | | (65 | ) | | | - | | | | (4 | ) | | | - | | | | (402 | ) |
Interest income | | | - | | | | - | | | | - | | | | - | | | | 4,221 | | | | 4,221 | |
Other items | | | (3 | ) | | | 8 | | | | 4 | | | | 1 | | | | (5 | ) | | | 5 | |
Loss before income taxes | | $ | (19,674 | ) | | $ | (8,024 | ) | | $ | (5,504 | ) | | $ | (455 | ) | | $ | (19,283 | ) | | $ | (52,940 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total assets | | $ | 367,927 | | | $ | 34,897 | | | $ | 381,004 | | | $ | 21,046 | | | $ | 733,182 | | | $ | 1,538,056 | |
Equity-accounted investments | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | 63,779 | | | $ | 63,779 | |
Capital additions | | $ | 2,167 | | | $ | 1,152 | | | $ | - | | | $ | - | | | $ | - | | | $ | 3,319 | |
| | Three Months Ended April 30, 2025 | |
| | Mining | | | Corporate | | | Total | |
Statement of Operations | | Wyoming | | | Texas | | | Saskatchewan | | | Others | | | | | | | | | |
Sales | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | - | |
Cost of sales | | | - | | | | - | | | | - | | | | - | | | | - | | | | - | |
Depreciation, amortization and accretion | | | (1,098 | ) | | | (264 | ) | | | (38 | ) | | | (2 | ) | | | (3 | ) | | | (1,405 | ) |
Other operating expenses (1) | | | (11,224 | ) | | | (4,005 | ) | | | (2,290 | ) | | | (99 | ) | | | (4,440 | ) | | | (22,058 | ) |
Other income (expenses) | | | | | | | | | | | | | | | | | | | | | | | | |
Loss from equity-accounted investment | | | - | | | | - | | | | - | | | | - | | | | (2,255 | ) | | | (2,255 | ) |
Fair value loss on equity securities | | | - | | | | - | | | | - | | | | - | | | | (4,266 | ) | | | (4,266 | ) |
Interest expense and finance costs | | | (321 | ) | | | - | | | | - | | | | (4 | ) | | | (79 | ) | | | (404 | ) |
Interest income | | | - | | | | - | | | | 1 | | | | - | | | | 570 | | | | 571 | |
Other items | | | (1) | | | | (45 | ) | | | 4 | | | | 1 | | | | 80 | | | | 39 | |
Loss before income taxes | | $ | (12,644 | ) | | $ | (4,314 | ) | | $ | (2,323 | ) | | $ | (104 | ) | | $ | (10,393) | | | $ | (29,778 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Total assets | | $ | 365,453 | | | $ | 33,739 | | | $ | 379,045 | | | $ | 20,800 | | | $ | 208,773 | | | $ | 1,007,810 | |
Equity-accounted investments | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | 55,566 | | | $ | 55,566 | |
Capital additions | | $ | 190 | | | $ | 1,962 | | | $ | - | | | $ | - | | | $ | - | | | $ | 2,152 | |
| | Nine Months Ended April 30, 2026 | |
| | Mining | | | Corporate | | | Total | |
Statement of Operations | | Wyoming | | | Texas | | | Saskatchewan | | | Others | | | | | | | | | |
Sales | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | 20,200 | | | $ | 20,200 | |
Cost of sales | | | - | | | | - | | | | - | | | | - | | | | (10,172 | ) | | | (10,172 | ) |
Depreciation, amortization and accretion | | | (3,732 | ) | | | (1,115 | ) | | | (135 | ) | | | (13 | ) | | | (4 | ) | | | (4,999 | ) |
Other operating expenses (1) | | | (45,672 | ) | | | (21,057 | ) | | | (12,133 | ) | | | (1,028 | ) | | | (19,310 | ) | | | (99,200 | ) |
Other income (expenses) | | | | | | | | | | | | | | | | | | | | | | | | |
Income from equity-accounted investment | | | - | | | | - | | | | - | | | | - | | | | 6,347 | | | | 6,347 | |
Fair value gain on equity securities | | | - | | | | - | | | | - | | | | - | | | | 653 | | | | 653 | |
Interest expense and finance costs | | | (1,099 | ) | | | (512 | ) | | | - | | | | (14 | ) | | | - | | | | (1,625 | ) |
Interest income | | | - | | | | - | | | | - | | | | - | | | | 10,887 | | | | 10,887 | |
Other items | | | (3) | | | | 21 | | | | 13 | | | | 3 | | | | (5) | | | | 29 | |
Income (loss) before income taxes | | $ | (50,506 | ) | | $ | (22,663 | ) | | $ | (12,255 | ) | | $ | (1,052 | ) | | $ | 8,596 | | | $ | (77,880 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Capital additions | | $ | 3,465 | | | $ | 2,483 | | | $ | 57 | | | $ | 81 | | | $ | - | | | $ | 6,086 | |
| | Nine Months Ended April 30, 2025 | |
| | Mining | | | Corporate | | | Total | |
Statement of Operations | | Wyoming | | | Texas | | | Saskatchewan | | | Others | | | | | | | | | |
Sales | | $ | - | | | $ | - | | | $ | - | | | $ | - | | | $ | 66,837 | | | $ | 66,837 | |
Cost of sales | | | - | | | | - | | | | - | | | | - | | | | (42,360 | ) | | | (42,360 | ) |
Depreciation, amortization and accretion | | | (2,386 | ) | | | (536 | ) | | | (113 | ) | | | (6 | ) | | | (7 | ) | | | (3,048 | ) |
Other operating expenses (1) | | | (27,172 | ) | | | (12,457 | ) | | | (7,013 | ) | | | (938 | ) | | | (14,150 | ) | | | (61,730 | ) |
Other income (expenses) | | | | | | | | | | | | | | | | | | | | | | | | |
Loss from equity-accounted investment | | | - | | | | - | | | | - | | | | - | | | | (3,722 | ) | | | (3,722 | ) |
Fair value loss on equity securities | | | - | | | | - | | | | - | | | | - | | | | (22,583 | ) | | | (22,583 | ) |
Gain on revaluation of derivative liabilities | | | - | | | | - | | | | - | | | | - | | | | 1,706 | | | | 1,706 | |
Interest expense and finance costs | | | (723 | ) | | | - | | | | - | | | | (14 | ) | | | (297 | ) | | | (1,034 | ) |
Interest income | | | - | | | | - | | | | 1 | | | | - | | | | 2,896 | | | | 2,897 | |
Other items | | | (1) | | | | (212 | ) | | | 13 | | | | 4 | | | | 297 | | | | 101 | |
Loss before income taxes | | $ | (30,282 | ) | | $ | (13,205 | ) | | $ | (7,112 | ) | | $ | (954 | ) | | $ | (11,383 | ) | | $ | (62,936 | ) |
| | | | | | | | | | | | | | | | | | | | | | | | |
Capital additions | | $ | 191,523 | | | $ | 3,140 | | | $ | 273 | | | $ | 52 | | | $ | - | | | $ | 194,988 | |
(1) Other operating expenses include mineral property expenditures and general and administrative expenses.
Geographic Information
Long-lived assets (2) | | April 30, 2026 | | | July 31, 2025 | |
United States | | | 387,447 | | | | 384,779 | |
Canada | | | 379,523 | | | | 377,004 | |
Others | | | 15,451 | | | | 15,381 | |
| | | 782,421 | | | | 777,164 | |
(2) Long-lived assets include mineral rights and properties and property, plant and equipment.
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