Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jul. 31, 2024
Apr. 30, 2024
CURRENT ASSETS:    
Cash $ 3,380,667 $ 5,574,278
Prepaid expenses and other current assets 748,336 948,833
Total current assets 4,129,003 6,523,111
NON - CURRENT ASSETS:    
Property, net 449,976 458,107
Reclamation bond deposit 1,134,329 1,159,329
Operating lease right-of-use asset, net 56,387 70,331
Mineral rights 14,370,255 14,370,255
Total non - current assets 16,010,947 16,058,022
Total assets 20,139,950 22,581,133
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 519,725 395,304
Operating lease liabilities, current portion 53,143 57,486
Total current liabilities 572,868 452,790
LONG- TERM LIABILITIES    
Warrant liability 5,666,050 3,916,900
Asset retirement obligation 315,375 307,657
Operating lease liabilities, less current portion 3,244 12,845
Deferred tax liability 430,486 430,486
Total long-term liabilities: 6,415,155 4,667,888
Total liabilities 6,988,023 5,120,678
Commitments and Contingencies
STOCKHOLDERS’ EQUITY :    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of July 31, 2024 and April 30, 2024
Common stock, $0.001 par value; 200,000,000 shares authorized; 10,732,277 shares and 10,732,277 shares issued and outstanding as of July 31, 2024 and April 30, 2024 10,732 10,732
Additional paid-in capital 90,314,601 90,297,824
Accumulated deficit (77,173,406) (72,848,101)
Total stockholders’ equity 13,151,927 17,460,455
Total liabilities and stockholders’ equity $ 20,139,950 $ 22,581,133