Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2026
Apr. 30, 2025
CURRENT ASSETS:    
Cash $ 36,087,724 $ 8,168,767
Prepaid expenses and other current assets 692,182 726,631
Total current assets 36,779,906 8,895,398
NON - CURRENT ASSETS:    
Property, net 2,311,259 431,875
Reclamation bond deposit 1,256,929 1,134,329
Operating lease right-of-use asset, net 68,597 34,410
Mineral rights 14,370,255 14,370,255
Total non - current assets 18,007,040 15,970,869
Total assets 54,786,946 24,866,267
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 1,274,798 636,734
Stock payable 62,500 208,809
Operating lease liabilities, current portion 44,212 34,410
Total current liabilities 1,381,510 879,953
LONG- TERM LIABILITIES    
Warrant liability 11,631,100
Asset retirement obligation 363,832 338,421
Operating lease liabilities 24,384
Deferred tax liability 430,486 430,486
Total long-term liabilities 818,702 12,400,007
Total liabilities 2,200,212 13,279,960
Commitments and Contingencies (see Note 12)
STOCKHOLDERS’ EQUITY :    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of January 31, 2026 and April 30, 2025
Common stock, $0.001 par value; 200,000,000 shares authorized; 16,455,121 shares and 12,692,784 shares issued and outstanding as of January 31, 2026 and April 30, 2025 16,455 12,693
Additional paid-in capital 157,821,391 104,980,837
Accumulated deficit (105,251,112) (93,407,223)
Total stockholders’ equity 52,586,734 11,586,307
Total liabilities and stockholders’ equity $ 54,786,946 $ 24,866,267