v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2025
Jul. 31, 2024
Jan. 31, 2024
Jul. 31, 2023
Jan. 31, 2025
Jan. 31, 2024
Apr. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net loss $ (6,362,017) $ (4,325,305) $ (1,685,654) $ (2,894,683) $ (12,789,849) $ (4,838,767)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation 8,094   8,237   24,148 24,710  
Accretion 7,788   7,080   23,111 21,010 $ 27,968
Amortization of right-of-use asset         42,681 41,428  
Stock based compensation         2,008,905 576,779  
Amortization of prepaid stock based expenses         15,000 178,500  
Gain from settlement of asset retirement obligation     (6,075)  
Change in fair value of warrant liability 1,330,550   418,600   3,064,750 (1,091,350)  
Changes in operating assets and liabilities:              
Prepaid expenses and other current assets         72,160 100,073  
Reclamation bond deposit         25,000 (51,820)  
Accounts payable and accrued liabilities         403,950 (99,441)  
Operating lease liability         (42,682) (41,429)  
NET CASH USED IN OPERATING ACTIVITIES         (7,152,826) (5,186,382)  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Purchase of property and equipment         (6,158)  
NET CASH USED IN INVESTING ACTIVITIES         (6,158)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Issuance of common stock, net of issuance cost         10,147,101  
Issuance of common stock for exercise of stock warrants 508,400       575,600  
NET CASH PROVIDED BY FINANCING ACTIVITIES         10,722,701  
NET DECREASE IN CASH         3,563,717 (5,186,382)  
CASH - beginning of year   $ 5,574,278   $ 7,822,930 5,574,278 7,822,930 7,822,930
CASH - end of period $ 9,137,995   $ 2,636,548   9,137,995 2,636,548 $ 5,574,278
Cash paid for:              
Interest          
Income taxes          
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:              
Issuance of common stock for accrued services         42,500 15,150  
Issuance of common stock for prepaid services         7,500 63,600  
Operating lease right-of-use asset and operating lease liability recorded upon lease modification         $ 21,564 $ 93,608  

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