Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.23.3
COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Oct. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

The future minimum lease payments at October 31, 2023, under these mining leases are as follows, with each payment to be made in the fourth quarter of the respective fiscal year:

 

Fiscal Year ending April 30,      
2024   $ 2,880  
2025     1,920  
2026     1,920  
2027     1,920  
2028     1,920  
2029 and thereafter     9,600  
Total   $ 20,160  
SCHEDULE OF ADVANCE MINIMUM ROYALTY PAYMENTS

The annual advance minimum royalty payments at October 31, 2023, under the option agreement are as follows, each payment to be made on the first anniversary of the effective date of this option agreement and continuing until the tenth anniversary:

 

Fiscal Year ending April 30,      
2025   $ 25,000  
2026     25,000  
2027     25,000  
2028     25,000  
2029     25,000  
2030 and thereafter     50,000  
Total   $ 175,000