Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Oct. 31, 2019
Oct. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (3,535,685) $ (4,481,812)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 4,523 2,826
Accretion 4,331 2,721
Stock based compensation 575,207 1,041,603
Amortization of prepaid stock based expenses 99,210
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 44,935 194,303
Reclamation bond deposit (16,109) (319,553)
Accounts payable (17,376) (31,743)
Accounts payable - related parties (4,606)
Accrued liabilities 7,305
NET CASH USED IN OPERATING ACTIVITIES (2,838,265) (3,591,655)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net proceeds received in connection with the share exchange agreement 159,063
NET CASH PROVIDED BY INVESTING ACTIVITIES 159,063
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of preferred stock and warrants, net of issuance cost 2,401,202
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,401,202
NET DECREASE IN CASH (278,000) (3,591,655)
CASH - beginning of period 2,197,181 7,646,279
CASH - end of period 1,919,181 4,054,624
Cash paid for:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Increase in asset retirement obligation 81,885
Issuance of common stock for accrued services 12,500 12,500
Deemed Dividends - series F preferred stock 2,022,712
Issuance of common stock in connection with the share exchange agreement 2,020,000
Assumption of liabilities in connection with the share exchange agreement 125,670
Increase in mineral properties in connection with the share exchange agreement $ 1,986,607