Quarterly report [Sections 13 or 15(d)]

COMMITMENTS AND CONTINGENCIES (Tables)

v3.25.1
COMMITMENTS AND CONTINGENCIES (Tables)
9 Months Ended
Jan. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The future minimum lease payments at January 31, 2025, under these mining leases are as follows, with each payment to be made in the fourth quarter of the respective fiscal years:

 

         
Fiscal 2026   $ 3,360  
Fiscal 2027     3,360  
Fiscal 2028     3,360  
Fiscal 2029     3,360  
Fiscal 2030     3,360  
Fiscal 2031 and thereafter     8,160  
Total   $ 24,960  
SCHEDULE OF ADVANCE MINIMUM ROYALTY PAYMENTS

The annual advance minimum royalty payments at January 31, 2025 for each fiscal year, under the option agreement are as follows, each payment to be made on the first anniversary of the effective date of the option agreement and continuing until the tenth anniversary:

 

         
Fiscal 2026   $ 25,000  
Fiscal 2027     25,000  
Fiscal 2028     25,000  
Fiscal 2029     25,000  
Fiscal 2030     25,000  
Fiscal 2031     25,000  
Total   $ 150,000