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 ($)
6 Months Ended
Oct. 31, 2018
Oct. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,481,812) $ (10,705,626)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,826
Accretion 2,721
Stock based compensation 1,041,603 520,249
Amortization of prepaid stock based expenses 246,521
Impairment expense 6,094,760
Gain on sale of business (102,023)
Gain on extinguishment of liabilities (245,256)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 194,303 (733,496)
Reclamation bond deposit and other assets (319,553) (27,882)
Accounts payable and accrued liabilities (31,743) 282,520
Accrued liabilities 381,827
NET CASH USED IN OPERATING ACTIVITIES (3,591,655) (4,288,406)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net proceeds received from sale of business 326,404
Investment in note receivable (20,479)
NET CASH PROVIDED BY INVESTING ACTIVITIES 305,925
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock 2,590,004
NET CASH PROVIDED BY FINANCING ACTIVITIES 2,590,004
NET DECREASE IN CASH (3,591,655) (1,392,477)
CASH - beginning of period 7,646,279 6,820,623
CASH - end of period 4,054,624 5,428,146
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Grant of stock options for the acquisition of mineral rights 35,850
Increase in asset retirement obligation 81,885
Issuance of common stock for accrued services 12,500 137,500
Issuance of common stock for prepaid services $ 280,825