(Expressed in thousands of U.S. dollars, except per share amounts)





The following management's discussion and analysis of the Company's financial
condition and results of operations (the "MD&A") contain forward-looking
statements that involve risks, uncertainties and assumptions including, among
others, statements regarding our capital needs, business plans and expectations.
In evaluating these statements you should consider various factors, including
the risks, uncertainties and assumptions set forth in reports and other
documents we have filed with or furnished to the SEC and, including, without
limitation, this Form 10-Q Quarterly Report for the three months ended October
31, 2022, and our Form 10-K Annual Report for the fiscal year ended July 31,
2022, including the consolidated financial statements and related notes
contained therein. These factors, or any one of them, may cause our actual
results or actions in the future to differ materially from any forward-looking
statement made in this Quarterly Report. Refer to "Cautionary Note Regarding
Forward-looking Statements" as disclosed in our Form 10-K Annual Report for the
fiscal year ended July 31, 2022, and Item 1A, Risk Factors, under Part II -
Other Information, of this Quarterly Report.



Introduction



This MD&A is focused on material changes in our financial condition from July
31, 2022, our most recently completed year end, to October 31, 2022, and our
results of operations for the three months ended October 31, 2022, and should be
read in conjunction with Item 7, Management's Discussion and Analysis of
Financial Condition and Results of Operations, as contained in our Form 10-K
Annual Report for Fiscal 2022.



Business



We are predominantly engaged in uranium mining and related activities, including
exploration, pre-extraction, extraction and processing, on uranium projects
located in the United States, Canada and the Republic of Paraguay, as more fully
described in our Form 10-K Annual Report for Fiscal 2022.



We utilize in-situ recovery ("ISR") mining where possible which we believe, when
compared to conventional open pit or underground mining, requires lower capital
and operating expenditures with a shorter lead time to extraction and a reduced
impact on the environment.  We have two ISR Mines which utilize ISR mining to
extract yellowcake ("U3O8").  We have two uranium processing facilities located
in the vicinity of our IRS Mines, which process material from our ISR Mines into
drums of U3O8 for shipping to a third-party storage and sales facility.  At
October 31, 2022, we had no uranium supply or off-take agreements in place.





We utilize a "hub-and-spoke" strategy whereby our processing facilities act as
the central processing sites (the "hubs") for our ISR Mines and future satellite
uranium mining activities, such as our Burke Hollow Project, located within the
South Texas Uranium Belt, and our Moore Ranch Project, located in the State of
Wyoming (the "spokes"). In Texas our fully-licensed and 100% owned Hobson
Processing Facility forms the basis for our regional operating strategy,
specifically the South Texas Uranium Belt, which is licensed to process up to
four million pounds of U3O8 annually. In Wyoming, our fully-licensed and 100%
owned Irigaray Processing Facility forms the basis for our regional operating
strategy in the Powder River Basin and Great Divide Basin, which is licensed to
process up to one million pounds of U3O8 annually.



On August 19, 2022, we completed the UEX Acquisition.  UEX is a Canadian uranium
and cobalt exploration and development company involved with a portfolio of
uranium projects. UEX's directly-owned portfolio of projects is located in the
eastern, western and northern perimeters of the Athabasca Basin in Saskatchewan,
Canada.



On October 14, 2022, we completed the acquisition of the Roughrider Project
located in the Athabasca Basin from a subsidiary of Rio Tinto plc.   The
Roughrider Project unlocks value from the recently acquired UEX portfolio in the
eastern Athabasca Basin as we now have critical mass to advance our production
plans.



We also hold certain mineral rights in various stages of development in the
States of Arizona, New Mexico, Texas and Wyoming, in Canada and in the Republic
of Paraguay, many of which are located in historically successful mining areas
and have been the subject of past exploration and pre-extraction activities by
other mining companies. We do not expect, however, to utilize ISR mining for all
of the uranium mineral rights in which case we would expect to rely on
conventional open pit and/or underground mining techniques.



                                       25
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Our operating and strategic framework is based on expanding our uranium and
titanium extraction activities, which include advancing certain projects with
established mineralized materials towards extraction and establishing additional
mineralized materials on our existing uranium and titanium projects or through
the acquisition of additional projects.



Uranium Market Developments



Over the past few years, global uranium market fundamentals have been improving
as the market transitions from an inventory driven to more of a production
driven market. The spot market bottomed in November 2016 at about $17.75 per
pound U3O8 and stood at $52.30 per pound on October 31, 2022 (UxC U3O8 Daily
Spot Price). Production dropped to a multi-year low in 2020 at about 122 million
pounds but began to recover in 2021 and is on track to reach about 132 million
pounds in 2022, although still well below reactor requirements. Global supply
and demand projections show a structural deficit between production and utility
requirements averaging about 36 million pounds a year over the next 10 years and
increasing thereafter (UxC 2022 Q3 Uranium Market Outlook). The current gap is
being filled with secondary market sources, including finite inventory that is
projected to decline in coming years. As secondary supplies diminish, new
production will be needed to meet utility demand and will require higher prices
to stimulate new mining activity with market prices still below incentive prices
for many producers. Uranium supply has become more complicated due to Russia's
invasion of Ukraine as Russia is a significant supplier of nuclear fuel around
the globe. Economic sanctions, transportation restrictions, pending legislation
and buyer avoidance of Russian fuel is causing a fundamental change to the
nuclear fuel markets. We believe this is likely to result in a bifurcation of
the uranium market, increasing an already notable supply gap for western
utilities. Secondary supply is also likely to be further reduced with western
enrichers reversing operations from underfeeding to overfeeding that requires
more uranium to increase the production of enrichment services. While these
situations are still unfolding, new trends appear to be pointing towards at
least the U.S. utilities beginning to shift more focus to security of supply
with production in areas of low geopolitical risk.



On the demand side of the equation, the global nuclear energy industry continues
robust growth, with 65 new reactors connected to the grid since 2013 and another
60 reactors under construction as of November 2022 (PRIS and WNA November 2022
data).  In October 2022, World Nuclear News reported that: "The International
Energy Agency (IEA) projects more than a doubling of nuclear generation by 2050
with at least 30 countries increasing their use of nuclear power, in the Net
Zero Emissions by 2050 scenario of its latest World Energy Outlook (WEO)".
Additional upside market pressure is also emerging as utilities return to a
longer-term contracting cycle to replace expiring contracts; something the
market has not experienced for several years.  Increasing demand has also
occurred with financial entities and various producers, including our Company,
purchasing significant quantities of drummed uranium inventory, further removing
excess near term supplies.



As at October 31, 2022, we had no uranium supply or off-take agreements in
place. Future sales of U3O8 are therefore expected to generally occur through
the uranium spot market, with any fluctuations in the market price continuing to
have a direct impact on our revenues and cash flows.



Results of Operations



For the three months ended October 31, 2022 and 2021, we recorded a net loss of
$3,756 ($0.01per share) and $2,074 ($0.01 per share), and income (losses) from
operations of $3,593 and ($4,872), respectively.



During the three months ended October 31, 2022, we continued with our strategic
plan for reduced operations at our ISR Mines to capture residual pounds of U3O8
only.



While we remain in a state of operational readiness, uranium extraction
expenditures incurred at our ISR Mines, which are directly related to
regulatory/mine permit compliance, lease maintenance obligations and maintaining
a necessary labor force, are being charged to our consolidated statement of
operations. As a result, no uranium concentrate was extracted at our ISR Mines
and processed at our Hobson and the Irigaray Processing Facilities,



We established a physical uranium program (the "Physical Uranium Program") in
Fiscal 2021. As of the date of this Quarterly Report, we entered into agreements
to purchase 5.8 million pounds of U.S. warehoused uranium concentrates inventory
with various delivery dates through December 2025 at the ConverDyn conversion
facility located in Metropolis, Illinois, at a volume weighted average price of
approximately $38.03 per pound.



                                       26
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During the three months ended October 31, 2022, as part of our Physical Uranium
Program, we purchased 116,000 pounds of uranium concentrates with a total cost
of $5,800 and sold 1,150,000 pounds of uranium concentrate for $57,209. As of
October 31, 2022, the carrying value of our uranium concentrates inventories was
$28,769 (July 31, 2022: $66,161).



Sales and Service Revenue



During the three months ended October 31, 2022, we recorded sales of $57,209
from the sale of 1,150,000 pounds of uranium concentrates inventory at a volume
weighted average price of approximately $49.75 per pound. In addition, we
recorded revenue from toll processing services of $83, which was generated from
processing uranium resins.



The table below provides a breakdown of our sales and service revenue and cost
of sales and services:



                                           Three Months Ended October 31,
                                                          2022          2021
Sales of purchased uranium inventory    $               57,209         $   -
Revenue from toll processing services                       83             -
Total sales and service revenue         $               57,292         $   -

Cost of purchased uranium inventory     $              (43,365 )       $   -
Cost of toll processing services                           (69 )           -
Total cost of sales and services        $              (43,434 )       $   -

Gross Profit                            $               13,858         $   -




Operating Costs

Mineral Property Expenditures

Mineral property expenditures primarily consisted of costs relating to permitting, property maintenance, exploration and pre-extraction activities and other non-extraction related activities on our projects.


                                       27
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The following table provides mineral property expenditures by cost category for
the periods indicated:



                                Three Months Ended October 31,
                                       2022                    2021
Permitting and compliance   $            53         $            91
Property maintenance                    839                     418
Exploration                           2,002                     814
Plant development                        17                      16
Wellfield development                   343                      78
Production readiness                    797                     240
Total                       $         4,051         $         1,657




During the three months ended October 31, 2022 and 2021, mineral property
expenditures in the amount of $797 and $240, respectively, were directly related
to maintaining operational readiness and permitting compliance for our Palangana
Mine and Hobson Processing Facility and our Christensen Mine and Irigary
Processing Facility.



During the three months ended October 31, 2022, we continued the drilling
campaign commenced in March 2021 and spent $557 (October 31, 2021: $542) on
exploration drilling costs on 41 exploration holes and $343 (October 31, 2021:
$78) on wellfield development costs on five wells totaling 1,990 feet at our
Burke Hollow Project.



General and Administrative



During the three months ended October 31, 2022, general and administrative
expenses totaled $5,722, an increase compared to $3,117 for the three months
ended October 31, 2021. The increase primarily resulted from increases in
salaries and management fees and an overall increase in corporate expenses due
to the expansion of our corporate structure and activities.

The following summary provides a discussion of the major expense categories including analyses of the factors that caused significant variances compared to the same period last year:

? for the three months ended October 31, 2022, salaries and management fees

totaled $1,132, which increased compared to $476 for the three months ended

October 31, 2021, primarily as a result of an increase in salaries and
    management fees and the acquisitions of U1A and UEX;

? for the three months ended October 31, 2022, office, insurance, filing and

listing fees, investor relations, corporate development and travel expenses

totaled $2,305, which increased compared to $1,182 for the three months ended

October 31, 2021, primarily as a result of increases in corporate development

expenses and an overall increase in corporate activities due to expansion by


    the Company;

? for the three months ended October 31, 2022, professional fees totaled $501,

which increased compared to $115 for the three months ended October 31, 2021.

Professional fees are primarily comprised of legal services related to certain

transactional activities and regulatory compliance, in addition to audit and


    tax services; and

? for the three months ended October 31, 2021, stock-based compensation totaled

$1,784, which increased compared to $1,344 for the three months ended October

31, 2021. The stock-based compensation expenses included the fair value of

compensation shares at the time of issuance and the amortization of the fair

value of various stock awards granted in prior fiscal years using the graded


    vesting method.




                                       28

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Other Income and Expenses



Interest and Finance Costs

During the three months ended October 31, 2022, interest and finance costs totaled $196, which decreased compared to $530 for the three months ended October 31, 2021 due to the repayments of long-term debt in the prior years.

Income from Equity-Accounted Investments

Income from equity-accounted investments was comprised of the following:





                                                               Three Months Ended October 31
                                                               2022                    2021
Share of income (loss)                                     $        (195 )       $            835
Gain on dilution of ownership interest in URC                        226                    1,918
Total                                                      $          31         $          2,753




During the three months ended October 31, 2022 and October 31, 2021, we recorded
a gain on dilution of ownership interest in URC of $226 and $1,918,
respectively, as a result of URC issuing more shares from its equity financings,
which decreased our ownership interest in URC to $15.4% at October 31, 2022 from
at 15.5% at July 31, 2022.

Change in fair value of derivative liability





In connection with the UEX Acquisition, we issued Replacement Warrants, which
are accounted for as derivative liabilities due to the exercise prices of the
UEX warrants being denominated in Canadian dollars which differs from the
functional currency of the Company.  As at October 31, 2022, the Replacement
Warrants were revalued, which resulted in a loss of $2,625 due to the increase
in fair value of derivative liabilities primarily due to an increase in our
share price.  No such loss was recorded for the three months ended October 31,
2021.

Unrealized Loss on Equity Securities





As at October 31, 2022, our investments in certain equity securities were
revalued using the market values at period end, which resulted in a loss on fair
value of equity securities totaling $2,382. No such loss was recorded for the
three months ended October 31, 2021.





                                       29

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Realized Loss on Equity Securities





During the three months ended October 31, 2022, we recorded a loss of $1,084 as
a result of the revaluation of UEX shares we acquired prior to the completion of
UEX Acquisition which were included in acquisition consideration. No such loss
was recorded for the three months ended October 31, 2021.



Other expenses



During the three months ended October 31, 2022, we entered into an amendment to
sales agreements with a third party whereby a uranium sales agreement and a
uranium purchase agreement with this same party offset each other.  We paid a
net amount of $1,186 to this party for the differences between the gross
purchase price and gross sales price, which was recorded as other expenses on
our condensed consolidated financial statements.

Summary of Quarterly Results





                                                               For the Quarters Ended
                                               October                          April 30,        January
                                              31, 2022       July 31, 2022           2022       31, 2022
Sales and service revenue                   $   57,292     $            78     $    9,892     $   13,191
Gross profit                                    13,858                  13          3,337          3,943
Net income (loss)                               (3,756 )             5,455          7,345         (5,474 )
Total comprehensive income (loss)              (14,524 )             5,390          7,206         (6,092 )
Basic and diluted income (loss) per share        (0.01 )              0.02           0.03          (0.02 )
Total assets                                   695,487             354,247        330,793        302,217




                                                     For the Quarters Ended
                                     October                          April 30,        January
                                    31, 2021       July 31, 2021           2021       31, 2021
Sales and service revenue         $        -     $             -     $        -     $        -
Gross profit                               -                   -              -              -
Net loss                              (2,074 )            (1,798 )       (4,590 )       (3,461 )
Total comprehensive loss              (1,931 )            (2,226 )       (4,097 )       (2,975 )
Basic and diluited loss per
share                                  (0.01 )             (0.01 )        (0.02 )        (0.02 )
Total assets                         232,719             169,541        163,575        100,143

Liquidity and Capital Resources





                              October 31, 2022       July 31, 2022
Cash and cash equivalents   $           20,965     $        32,536
Current assets                          54,895             102,191
Current liabilities                     17,608               8,498
Working capital                         37,287              93,693




During the three months ended October 31, 2022, we received net proceeds of
$21,714 from the 2021 ATM Offering. As at October 31, 2022, we had working
capital of $37,287, which decreased by $56,406 from the working capital of
$93,693 as at July 31, 2022.  Subsequent to October 31, 2022, we received cash
proceeds of $13,505 from the ATM Offerings and sold 500,000 pounds of uranium
inventories for total proceeds of $25,185.  We believe our existing cash
resources, if necessary, and the cash generated from the sale of the Company's
uranium inventories, will provide sufficient funds to carry out our planned
operations for the next 12 months from the date that this Quarterly Report is
issued.



                                       30

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Although our planned principal operations commenced in Fiscal 2012, from which
significant revenues from U3O8 sales were realized, our revenues generated from
sales of produced U3O8 have been inconsistent and we have yet to achieve
profitability. We have a history of operating losses resulting in an accumulated
deficit balance since inception. Although we recorded net income totaling $5,252
in Fiscal 2022, we recorded net losses in the current quarter and all prior
years and we had an accumulated deficit balance of $290,129 as at October 31,
2022. Furthermore, we may not achieve and maintain profitability or develop
positive cash flow from our operations in the near term although we recorded
positive cash flows from operating activities totaling $40,655 for the three
months ended October 31, 2022.

Historically we have been reliant primarily on equity financings from the sale of our common stock and on debt financings in order to fund our operations.

We


have also relied, to a limited extent, on cash flows generated from our mining
activities during the years ended July 31, 2015 ("Fiscal 2015), 2013 ("Fiscal
2013) and 2012 ("Fiscal 2012"). However, we have yet to achieve profitability or
develop consistent positive cash flow from operations. In the future we may also
rely on cash flows generated from the sales of our uranium concentrates to fund
our operations.  Our reliance on equity and debt financings is expected to
continue for the foreseeable future, and their availability whenever such
additional financing is required, will be dependent on many factors beyond our
control including, but not limited to, the market price of uranium, the
continuing public support of nuclear power as a viable source of electrical
generation, the volatility in the global financial markets affecting our stock
price and the status of the worldwide economy, any one of which may cause
significant challenges in our ability to access additional financing, including
access to the equity and credit markets.  We may also be required to seek other
forms of financing, such as asset divestitures or joint venture arrangements, to
continue advancing our uranium projects which would depend entirely on finding a
suitable third party willing to enter into such an arrangement, typically
involving an assignment of a percentage interest in the mineral project.
However, there is no assurance that we will be successful in securing any form
of additional financing when required and on terms favorable to us.



Our operations are capital intensive and future capital expenditures are
expected to be substantial. We will require significant additional financing to
fund our operations, including continuing with our exploration and
pre-extraction activities and acquiring additional mineral projects. In the
absence of such additional financing, we would not be able to fund our
operations, including continuing with our exploration and pre-extraction
activities, which may result in delays, curtailment or abandonment of any one or
all of our mineral projects.



Our anticipated operations, including exploration and pre-extraction activities,
however, will be dependent on and may change as a result of our financial
position, the market price of uranium and other considerations, and such change
may include accelerating the pace or broadening the scope of reducing our
operations. Our ability to secure adequate funding for these activities will be
impacted by our operating performance, other uses of cash, the market price of
commodities, the market price of our common stock and other factors which may be
beyond our control.  Specific examples of such factors include, but are not
limited to:



  ? if the market price of uranium weakens;


  ? if the market price of our common stock weakens;

? if the COVID-19 pandemic worsens or continues over an extended period and

causes further financial market uncertainty; and

? if a nuclear incident, such as the events that occurred at Fukushima in March

2011, occurs, continuing public support of nuclear power as a viable source of

electrical generation may be adversely affected, which may result in

significant and adverse effects on both the nuclear and uranium industries.






Our continuation as a going concern beyond 12 months from the date of this
Quarterly Report will be dependent upon our ability to achieve consistent
positive cash flow from the sale of our uranium concentrates and obtain adequate
additional financing, as our operations are capital intensive and future capital
expenditures are expected to be substantial.



Our long-term success, including the recoverability of the carrying values of
our assets, our ability to acquire additional mineral projects and to continue
with exploration and pre-extraction activities and mining activities on our
existing mineral projects, will depend ultimately on our ability to achieve and
maintain profitability and positive cash flow from our operations by
establishing ore bodies that contain commercially recoverable minerals and to
develop these into profitable mining activities.



                                       31
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Equity Financings



On May 17, 2021, we filed a Form S-3 shelf registration statement under the
Securities Act, which was declared effective by the SEC on June 1, 2021,
providing for the public offer and sale of certain securities of the Company
from time to time, at our discretion, of up to an aggregate offering amount of
$200 million (the "2021 Shelf"), which included an at-the-market offering
agreement prospectus (the "May 2021 ATM Offering") covering the offering,
issuance and sale of up to a maximum offering of $100 million as part of the
$200 million under the 2021 Shelf.



On May 14, 2021, we entered into an at-the-market offering agreement (the "2021
ATM Offering Agreement") with H.C. Wainwright & Co., LLC and certain co-managers
(collectively, the "2021 ATM Managers") as set forth in the 2021 ATM Offering
Agreement under which we may, from time to time, sell shares of our common stock
having an aggregate offering price of up to $100 million through the 2021 ATM
Managers selected by us.



On November 26, 2021, we filed a prospectus supplement to our 2021 Shelf with
respect to the continuation of the May 2021 ATM Offering Agreement with the 2021
ATM Managers under which we may, if eligible, from time to time, sell shares of
our common stock having an aggregate offering price of up to an additional $100
million for a total of $200 million through the 2021 ATM Managers selected by us
(the "November 2021 ATM Offering"; and, collectively with the May 2021 ATM
Offering, the "2021 ATM Offering").



On November 16, 2022, we filed a Form S-3 automatic shelf registration statement
under the Securities Act, which became effective upon filing, providing for the
public offer and sale of certain securities of the Company from time to time, at
our discretion, of an undetermined dollar value of common stock, debt
securities, warrants to purchase common stock or debt securities, subscription
receipts for and units which include common stock, debt securities, warrants or
any combination thereof (the "2022 Shelf"), which included an at-the-market
offering agreement prospectus (the "2022 ATM Offering"; and, collectively, with
the 2021 ATM Offering, the "ATM Offerings") covering the offering, issuance and
sale of up to a maximum offering of $300 million under the 2022 Shelf.



On November 16, 2022, we entered into an at-the-market offering agreement (the
"2022 ATM Offering Agreement") with H.C. Wainwright & Co., LLC and certain
co-managers (collectively, the "2022 ATM Managers") as set forth in the 2022 ATM
Offering Agreement under which we may, from time to time, sell shares of our
common stock having an aggregate offering price of up to $300 million through
the 2022 ATM Managers selected by us.



During the three months ended October 31, 2022, we issued 5,218,890 shares of
the Company's common stock under our 2021 ATM Offering for net cash proceeds of
$21,714

Subsequent to October 31, 2022, we issued 3,687,663 shares of the Company's common stock under our ATM Offerings for net cash proceeds of $13,505.





Operating Activities



During the three months ended October 31, 2022, net cash provided by operating
activities was $36,531, of which $37,405 was from sales of our uranium
concentrate inventory, net of uranium inventory purchases.  Other significant
operating expenditures included mineral property expenditures, general and
administrative expenses and interest payments for a promissory note.



Financing Activities



During the three months ended October 31, 2022, net cash provided by financing
activities totaled $27,864, comprised of net proceeds of $21,714 from the 2021
ATM Offering and net proceeds of $6,346 from the exercise of stock options and
share purchase warrants, offset by $147 for cash paid for withholding amounts on
option exercises and $49 in payments for a promissory note. During the three
months ended October 31, 2021, net cash provided by financing activities totaled
$63,918, comprised of net proceeds of $62,671 from the 2021 ATM Offering and net
proceeds of $1,294 from the exercise of stock options and share purchase
warrants, offset by $47 in payments for a promissory note.



Investing Activities



During the three months ended October 31, 2022, net cash used in investing
activities totaled $75,783, comprised of net cash of $4,369 received from the
UEX Acquisition, offset by cash used in the Roughrider Acquisition of $80,000,
and cash used for the purchase of property, plant and equipment of $152. During
the three months ended October 31, 2021, net cash provided by investing
activities totaled $358, comprised of cash proceeds of $9,980 from sales of
equity securities, offset by cash of $9,433 used in investment in equity
securities, cash of $176 used in prepaid transaction costs and cash of $13 used
for investment in mineral rights and properties and purchase of property, plant
and equipment.



Stock Options and Warrants



As of October 31, 2022, we had stock options outstanding representing 8,856,055
shares at a weighted-average exercise price of $1.65 per share, and share
purchase warrants outstanding representing 4,837,586 shares at a
weighted-average exercise price of $2.85 per share.  As of October 31, 2022,
outstanding stock options and warrants represented a total 13,693,641 shares
issuable for gross proceeds of approximately $28.4 million should these stock
options and warrants be exercised in full on a cash basis.  As of October 31,
2022, all outstanding share purchase warrants and stock options are
in-the-money. The exercise of stock options and warrants is at the discretion of
their respective holders and, accordingly, there is no assurance that any of the
stock options or warrants will be exercised in the future.



                                       32
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Transactions with Related Parties





During the three months ended October 31, 2022, we incurred $394 primarily on
recoverable exploration expenditures with JCU.  As at October 31, 2022, amount
owing from JCU totaled $577 (July 31, 2022: $Nil)



During the three months ended October 31, 2022 and 2021, we incurred $78 and $2,
respectively, in general and administrative costs, paid to Blender Media Inc, a
company controlled by Arash Adnani, a direct family member of our President and
Chief Executive Officer, for various services, including information technology,
financial subscriptions, corporate branding, media, website design, maintenance
and hosting, provided by Blender to the Company.

As at October 31, 2022, the amount owing to Blender was $17 (July 31, 2022: $3).





Material Commitments

As at October 31, 2022, significant payment obligations of the Company over the next five years and beyond are as follows:





                                                      Payment Due by Period
                                           Less Than 1                                      More Than 5
Contractual Obligations         Total             Year       1-3 Years       3-5 Years            Years
Asset Retirement
Obligations                $   29,212     $        362     $     2,772     $     4,998     $     21,080
Operating Lease
Obligations                     1,649              264             240             170              975
Uranium Inventory
Purchase Obligations          118,787           53,134          62,033           3,620                -
Total                      $  149,648     $     53,760     $    65,045     $     8,788     $     22,055

As at October 31, 2022, we were renting or leasing office premises in Texas, Arizona and Wyoming, U.S.A., Vancouver, British Columbia, and Saskatoon, Saskatchewan Canada, and Paraguay for total monthly payments of $29. Office lease agreements for the U.S. and Canada expire between July 2023 and March 2027.

Commitments for Management Services

As at October 31, 2022, we were committed to paying our key executives a total of $879 per year for management services.

Off-Balance Sheet Arrangements





We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future material effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources.

Critical Accounting Policies





For a complete summary of all of our significant accounting policies refer to
Note 2: Summary of Significant Accounting Policies of the Notes to the
consolidated financial statements as presented under Item 8, Financial
Statements and Supplementary Data, in our Annual Report on Form 10-K for Fiscal
2022.



Refer to "Critical Accounting Policies" under Item 7, Management's Discussion
and Analysis of Financial Condition and Results of Operations, in our Annual
Report on Form 10-K for Fiscal 2022.



Subsequent Events

Subsequent to October 31, 2022, we issued 3,687,663 shares of the Company's common stock under our ATM Offerings for net cash proceeds of $13,505.

Subsequent to October 31, 2022, we received 600,000 pounds of uranium inventories for a total purchase price of $21,510 and sold 500,000 pounds of uranium inventories for total proceeds of $25,185.

Subsequent to October 31, 2021, we invested a total of $18,413 to acquire equity securities.

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