Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Oct. 31, 2022
Apr. 30, 2022
CURRENT ASSETS:    
Cash $ 4,204,175 $ 9,111,512
Prepaid expenses and other current assets 583,971 787,902
Total current assets 4,788,146 9,899,414
NON - CURRENT ASSETS:    
Property, net 329,692 349,917
Reclamation bond deposit 832,509 832,509
Operating lease right-of-use asset, net 38,362 64,064
Mineral rights 16,356,862 16,356,862
Total non - current assets 17,557,425 17,603,352
Total assets 22,345,571 27,502,766
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 548,318 1,080,405
Operating lease liabilities, current portion 38,512 55,630
Total current liabilities 586,830 1,136,035
LONG- TERM LIABILITIES    
Warrant liability 1,286,000 2,440,000
Asset retirement obligation 273,003 260,196
Operating lease liabilities, less current portion 8,734
Total long-term liabilities: 1,559,003 2,708,930
Total liabilities 2,145,833 3,844,965
Commitments and Contingencies  
STOCKHOLDERS’ EQUITY :    
Common stock ($0.001 Par Value; 200,000,000 Shares Authorized; 8,349,843 and 8,349,843 shares issued and outstanding as of October 31, 2022 and April 30, 2022) 8,350 8,350
Additional paid-in capital 81,939,246 81,555,379
Accumulated deficit (61,747,858) (57,905,928)
Total stockholders’ equity 20,199,738 23,657,801
Total liabilities and stockholders’ equity 22,345,571 27,502,766
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