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, 2023
Jul. 31, 2022
Jan. 31, 2022
Jul. 31, 2021
Jan. 31, 2023
Jan. 31, 2022
Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net loss $ (1,893,758) $ (1,945,358) $ (4,335,260) $ (3,549,715) $ (5,735,688) $ (12,178,285)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation 8,237   9,458   28,462 25,565  
Accretion 6,436   5,988   19,243 16,174 $ 22,064
Amortization of right-of-use asset         38,945 27,426  
Stock based compensation         1,091,700 1,425,554  
Amortization of prepaid stock based expenses         293,583 260,022  
Change in fair value of warrant liability 389,000     (765,000)  
Gain from sale of asset (763,393)     (763,393)  
Changes in operating assets and liabilities:              
Prepaid expenses and other current assets         30,391 27,922  
Reclamation bond deposit         (114,000)  
Accounts payable and accrued liabilities         (600,488) 747,983  
Operating lease liability         (39,170) (27,201)  
NET CASH USED IN OPERATING ACTIVITIES         (6,401,415) (9,788,840)  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Proceeds from sale of asset         2,750,000  
Purchase of property and equipment         (177,513) (178,972)  
NET CASH USED IN INVESTING ACTIVITIES         2,572,487 (178,972)  
NET DECREASE IN CASH         (3,828,928) (9,967,812)  
CASH - beginning of year   $ 9,111,512   $ 13,645,405 9,111,512 13,645,405 13,645,405
CASH - end of period $ 5,282,584   $ 3,677,593   5,282,584 3,677,593 $ 9,111,512
Cash paid for:              
Interest          
Income taxes          
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:              
Issuance of common stock for accrued services         5,000 5,000  
Issuance of common stock for prepaid services         258,500  
Operating lease right-of-use asset and operating lease liability recorded upon adoption of ASC 842         106,631  
Operating lease right-of-use asset and operating lease liability recorded upon lease modification         20,472  
Increase in asset retirement cost and obligation         $ 33,517