Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jul. 31, 2025
Apr. 30, 2025
CURRENT ASSETS:    
Cash $ 11,349,811 $ 8,168,767
Prepaid expenses and other current assets 958,532 726,631
Total current assets 12,308,343 8,895,398
NON - CURRENT ASSETS:    
Property, net 423,439 431,875
Reclamation bond deposit 1,134,329 1,134,329
Operating lease right-of-use asset, net 97,631 34,410
Mineral rights 14,370,255 14,370,255
Total non - current assets 16,025,654 15,970,869
Total assets 28,333,997 24,866,267
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Accounts payable and accrued liabilities 894,034 636,734
Stock payable 37,500 208,809
Operating lease liabilities, current portion 53,438 34,410
Total current liabilities 984,972 879,953
LONG- TERM LIABILITIES    
Warrant liability 11,631,100
Asset retirement obligation 346,900 338,421
Operating lease liabilities, less current portion 44,193
Deferred tax liability 430,486 430,486
Total long-term liabilities: 821,579 12,400,007
Total liabilities 1,806,551 13,279,960
Commitments and Contingencies
STOCKHOLDERS’ EQUITY :    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of July 31, 2025 and April 30, 2025
Common stock, $0.001 par value; 200,000,000 shares authorized; 14,026,030 shares and 12,692,784 shares issued and outstanding as of July 31, 2025 and April 30, 2025 14,026 12,693
Additional paid-in capital 121,998,142 104,980,837
Accumulated deficit (95,484,722) (93,407,223)
Total stockholders’ equity 26,527,446 11,586,307
Total liabilities and stockholders’ equity $ 28,333,997 $ 24,866,267