Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Oct. 31, 2025
Oct. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,560,050) $ (6,427,832)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 24,636 16,054
Accretion 16,844 15,323
Amortization of right-of-use asset 29,343 28,170
Stock based compensation 290,026 79,179
Amortization of prepaid stock based expenses 15,000
Change in fair value of warrant liability (1,495,000) 1,734,200
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (249,100) 398,484
Reclamation bond deposit (122,600) 25,000
Accounts payable and accrued liabilities 937,365 147,985
Stock payable 32,500
Operating lease liability (29,343) (28,170)
NET CASH USED IN OPERATING ACTIVITIES (7,110,379) (4,011,607)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of land and building (1,119,324)
NET CASH USED IN INVESTING ACTIVITIES (1,119,324)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock for cash 523,276
Proceeds from issuance of common stock for exercise of stock option 26,408
Proceeds from issuance of common stock for exercise of stock warrants 8,347,982 67,200
NET CASH PROVIDED BY FINANCING ACTIVITIES 8,897,666 67,200
NET INCREASE/(DECREASE) IN CASH 667,963 (3,944,407)
CASH - beginning of year 8,168,767 5,574,278
CASH - end of period 8,836,730 1,629,871
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 65,000
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