Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Jul. 31, 2025
Jul. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,077,499) $ (4,325,305)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 8,436 8,131
Accretion 8,479 7,718
Amortization of right-of-use asset 14,833 13,944
Stock based compensation 155,013 16,777
Change in fair value of warrant liability (1,495,000) 1,749,150
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (194,401) 200,497
Reclamation bond deposit 25,000
Accounts payable and accrued liabilities 257,300 124,421
Stock payable 22,500
Operating lease liability (14,833) (13,944)
NET CASH USED IN OPERATING ACTIVITIES (3,315,172) (2,193,611)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock for exercise of stock option 13,204
Proceeds from issuance of common stock for exercise of stock warrants 6,483,012
NET CASH PROVIDED BY FINANCING ACTIVITIES 6,496,216
NET INCREASE/(DECREASE) IN CASH 3,181,044 (2,193,611)
CASH - beginning of year 8,168,767 5,574,278
CASH - end of period 11,349,811 3,380,667
Cash paid for:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Issuance of common stock for accrued services 193,809
Issuance of common stock for prepaid services 37,500
Reclassification of warrant liability into equity upon exercise of warrants 10,136,100
Operating lease right-of-use asset and operating lease liability recorded upon lease modification $ 78,054