Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.2.2
Consolidated Balance Sheets - USD ($)
Apr. 30, 2022
Apr. 30, 2021
CURRENT ASSETS:    
Cash $ 9,111,512 $ 13,645,405
Prepaid expenses and other current assets 787,902 430,360
Total current assets 9,899,414 14,075,765
NON - CURRENT ASSETS:    
Property, net 349,917 172,222
Reclamation bond deposit 832,509 718,509
Operating lease right-of-use asset, net 64,064
Mineral rights 16,356,862 16,356,862
Total non - current assets 17,603,352 17,247,593
Total assets 27,502,766 31,323,358
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 1,080,405 619,038
Operating lease liabilities, current portion 55,630
Total current liabilities 1,136,035 619,038
LONG- TERM LIABILITIES    
Warrant liability 2,440,000
Asset retirement obligation 260,196 204,615
Operating lease liabilities, less current portion 8,734
Total long-term liabilities: 2,708,930 204,615
Total liabilities 3,844,965 823,653
Commitments and Contingencies
STOCKHOLDERS’ EQUITY :    
Common stock ($0.001 Par Value; 200,000,000 Shares Authorized; 8,349,843 and 7,065,621 shares issued and outstanding as of April 30, 2022 and 2021) 8,350 7,065
Additional paid-in capital 81,555,379 74,467,686
Accumulated deficit (57,905,928) (43,975,046)
Total stockholders’ equity 23,657,801 30,499,705
Total liabilities and stockholders’ equity 27,502,766 31,323,358
Convertible Series F Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY :    
Preferred stock, value
Convertible Series G Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY :    
Preferred stock, value
Convertible Series H Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY :    
Preferred stock, value
Convertible Series I Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY :    
Preferred stock, value