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 ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Jan. 31, 2022
Jul. 31, 2021
Jan. 31, 2021
Jul. 31, 2020
Jan. 31, 2022
Jan. 31, 2021
Apr. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net loss $ (4,335,260) $ (3,549,715) $ (3,700,580) $ (957,120) $ (12,178,285) $ (9,502,366)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation 9,458   6,740   25,565 16,456  
Accretion 5,988   4,585   16,174 12,973 $ 17,477
Amortization of right-of-use asset         27,426  
Stock based compensation         1,425,554 2,878,700  
Abandonment of mineral properties         56,329  
Amortization of prepaid stock based expenses         260,022 9,375  
Changes in operating assets and liabilities:              
Prepaid expenses and other current assets         27,922 (108,526)  
Reclamation bond deposit         (114,000) (34,000)  
Accounts payable and accrued liabilities         747,983 309,156  
Accounts payable - related parties         (3,459)  
Operating lease liability         (27,201)  
NET CASH USED IN OPERATING ACTIVITIES         (9,788,840) (6,365,362)  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Purchase of property and equipment         (178,972) (42,991)  
Proceeds received in connection with the share exchange agreement         2,500,000  
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES         (178,972) 2,457,009  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Issuance of preferred stock, net of issuance cost         5,530,004  
Issuance of common stock, net of offering costs         8,371,167  
Issuance of common stock for exercise of warrants         1,249,997  
NET CASH PROVIDED BY FINANCING ACTIVITIES         15,151,168  
NET (DECREASE) INCREASE IN CASH         (9,967,812) 11,242,815  
CASH - beginning of period   $ 13,645,405   $ 2,749,957 13,645,405 2,749,957 2,749,957
CASH - end of period $ 3,677,593   $ 13,992,772   3,677,593 13,992,772 $ 13,645,405
Cash paid for:              
Interest          
Income taxes          
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:              
Issuance of common stock for accrued services         5,000  
Issuance of common stock for prepaid services         258,500 56,250  
Deemed dividends - Series I preferred stock         5,530,004  
Issuance of common stock in connection with conversion of preferred stock         21  
Operating lease right-of-use asset and operating lease liability recorded upon adoption of ASC 842         106,631  
Assumption of liabilities in connection with the share exchange agreement         108,652  
Increase in acquisition of mineral properties in connection with the share exchange agreement         10,249,632  
Increase in asset retirement cost and obligation         $ 33,517 $ 13,352