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, 2023
Apr. 30, 2023
CURRENT ASSETS:    
Cash $ 6,014,188 $ 7,822,930
Prepaid expenses and other current assets 503,806 610,140
Total current assets 6,517,994 8,433,070
NON - CURRENT ASSETS:    
Property, net 482,688 490,925
Reclamation bond deposit 845,335 857,509
Operating lease right-of-use asset, net 18,336 32,080
Mineral rights 14,370,255 14,370,255
Total non - current assets 15,716,614 15,750,769
Total assets 22,234,608 24,183,839
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 1,128,262 346,718
Operating lease liabilities, current portion 18,336 32,080
Total current liabilities 1,146,598 378,798
LONG- TERM LIABILITIES    
Warrant liability 4,215,900 4,230,850
Asset retirement obligation 286,433 285,764
Deferred tax liability 430,486 430,486
Total long-term liabilities: 4,932,819 4,947,100
Total liabilities 6,079,417 5,325,898
Commitments and Contingencies
STOCKHOLDERS’ EQUITY :    
Preferred stock, $0.001 par value; 50,000,000 authorized, none shares issued and outstanding as of July 31, 2023 and April 30, 2023
Common stock ($0.001 Par Value; 200,000,000 Shares Authorized; 9,295,837 shares issued and outstanding as of July 31, 2023 and April 30, 2023) 9,296 9,296
Additional paid-in capital 84,991,196 84,799,263
Accumulated deficit (68,845,301) (65,950,618)
Total stockholders’ equity 16,155,191 18,857,941
Total liabilities and stockholders’ equity $ 22,234,608 $ 24,183,839