Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Oct. 31, 2025
Apr. 30, 2025
CURRENT ASSETS:    
Cash $ 8,836,730 $ 8,168,767
Prepaid expenses and other current assets 998,231 726,631
Total current assets 9,834,961 8,895,398
NON - CURRENT ASSETS:    
Property, net 1,526,563 431,875
Reclamation bond deposit 1,256,929 1,134,329
Operating lease right-of-use asset, net 83,121 34,410
Mineral rights 14,370,255 14,370,255
Total non - current assets 17,236,868 15,970,869
Total assets 27,071,829 24,866,267
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 1,574,098 636,734
Stock payable 47,500 208,809
Operating lease liabilities, current portion 48,710 34,410
Total current liabilities 1,670,308 879,953
LONG- TERM LIABILITIES    
Warrant liability 11,631,100
Asset retirement obligation 355,265 338,421
Operating lease liabilities, less current portion 34,411
Deferred tax liability 430,486 430,486
Total long-term liabilities: 820,162 12,400,007
Total liabilities 2,490,470 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 October 31, 2025 and April 30, 2025
Common stock, $0.001 par value; 200,000,000 shares authorized; 14,385,202 shares and 12,692,784 shares issued and outstanding as of October 31, 2025 and April 30, 2025 14,385 12,693
Additional paid-in capital 124,534,247 104,980,837
Accumulated deficit (99,967,273) (93,407,223)
Total stockholders’ equity 24,581,359 11,586,307
Total liabilities and stockholders’ equity $ 27,071,829 $ 24,866,267