v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Apr. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (3,549,715) $ (957,120)  
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 7,949 4,200  
Accretion 4,934 4,060 $ 17,477
Amortization of right-of-use asset 4,280  
Stock based compensation 232,443 71,480  
Amortization of prepaid stock based expenses 91,188  
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets (237,074) (175,997)  
Reclamation bond deposit (114,000) (22,000)  
Accounts payable and accrued liabilities 694,952 31,429  
Accounts payable - related parties 31,038  
Operating lease liability (4,280)  
NET CASH USED IN OPERATING ACTIVITIES (2,869,323) (1,012,910)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (3,767)  
NET CASH USED IN INVESTING ACTIVITIES (3,767)  
NET DECREASE IN CASH (2,873,090) (1,012,910)  
CASH - beginning of year 13,645,405 2,749,957 2,749,957
CASH - end of period 10,772,315 1,737,047 $ 13,645,405
Cash paid for:      
Interest  
Income taxes  
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:      
Issuance of common stock for prepaid services 258,500  
Issuance of common stock in connection with conversion of preferred stock $ 21  

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