Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.24.3
COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Jul. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The future minimum lease payments at July 31, 2024, under these mining leases are as follows, with each payment to be made in the fourth quarter of the respective fiscal years:

 

         
Fiscal 2025   $ 3,360  
Fiscal 2026     3,360  
Fiscal 2027     3,360  
Fiscal 2028     3,360  
Fiscal 2029     3,360  
Fiscal 2030 and thereafter     11,520  
Total   $ 28,320  
SCHEDULE OF ADVANCE MINIMUM ROYALTY PAYMENTS

The annual advance minimum royalty payments at July 31, 2024 for each fiscal year, under the option agreement are as follows, each payment to be made on the first anniversary of the effective date of the option agreement and continuing until the tenth anniversary:

 

         
Fiscal 2026   $ 25,000  
Fiscal 2027     25,000  
Fiscal 2028     25,000  
Fiscal 2029     25,000  
Fiscal 2030     25,000  
Fiscal 2031     25,000  
Total   $ 150,000