Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Jan. 31, 2026
Jan. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (11,843,889) $ (12,789,849)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 44,720 24,148
Accretion 25,411 23,111
Amortization of right-of-use asset 43,867 42,681
Stock based compensation 501,707 2,008,905
Amortization of prepaid stock based expenses 30,000 15,000
Change in fair value of warrant liability (1,495,000) 3,064,750
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 41,949 72,160
Reclamation bond deposit (122,600) 25,000
Accounts payable and accrued liabilities 638,064 403,950
Stock payable 47,500
Operating lease liability (43,868) (42,682)
NET CASH USED IN OPERATING ACTIVITIES (12,132,139) (7,152,826)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (6,158)
Purchase of land and building (1,924,104)
NET CASH USED IN INVESTING ACTIVITIES (1,924,104) (6,158)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock, net of issuance cost 31,695,413 10,147,101
Proceeds from issuance of common stock for exercise of stock option 39,612
Proceeds from issuance of common stock for exercise of stock warrants 10,240,175 575,600
NET CASH PROVIDED BY FINANCING ACTIVITIES 41,975,200 10,722,701
NET INCREASE IN CASH 27,918,957 3,563,717
CASH - beginning of year 8,168,767 5,574,278
CASH - end of period 36,087,724 9,137,995
Cash paid for:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Issuance of common stock for accrued services 193,809 42,500
Issuance of common stock for prepaid services 37,500 7,500
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 $ 21,564