Segment Information

6 Months Ended

Apr. 30, 2025

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 16 – SEGMENT INFORMATION

The Company operates in a single reportable segment: the exploration of mineral property interests. The Company has mineral property interests in Sierra Mojada, Mexico.

Geographic information is approximately as follows:

	For the Three Months Ended						For the Six Months Ended
	April 30,						April 30,
	2025			2024			2025			2024
Mexico	$	(25,000	)	$	15,000		$	(94,000	)	$	(55,000	)
Canada		(45,000	)		(33,000	)		(78,000	)		(155,000	)
Kazakhstan		—			(2,000	)		(1,000	)		(2,000	)
Net Loss	$	(70,000	)	$	(20,000	)	$	(173,000	)	$	(212,000	)

The following table details the allocation of assets included in the accompanying balance sheet at April 30, 2025:

	Canada		Mexico		Total
Cash and cash equivalents	$	304,000	$	71,000	$	375,000
Other receivables		3,000		—		3,000
Accounts receivables		358,000		—		358,000
Prepaid expenses and deposits		25,000		5,000		30,000
Due from related party		21,000		—		21,000
Value-added tax receivable, net		—		93,000		93,000
Office and mining equipment, net		—		118,000		118,000
Property concessions		—		5,004,000		5,004,000
	$	711,000	$	5,291,000	$	6,002,000

The following table details the allocation of assets included in the accompanying balance sheet at October 31, 2024:

	Canada		Mexico		Total
Cash and cash equivalents	$	477,000	$	69,000	$	546,000
Other receivables		2,000		—		2,000
Accounts receivables		181,000		—		181,000
Prepaid expenses and deposits		40,000		5,000		45,000
Due from related party		22,000		—		22,000
Value-added tax receivable, net		—		89,000		89,000
Office and mining equipment, net		—		122,000		122,000
Property concessions		—		5,004,000		5,004,000
	$	722,000	$	5,289,000	$	6,011,000

The Company has significant assets in Coahuila, Mexico. Although Mexico is generally considered economically stable, unanticipated events in Mexico, such as the blockade, can, and may in the future, disrupt the Company’s operations. The Mexican government does not require foreign entities to maintain cash reserves in Mexico.

The following table details the allocation of exploration and property holding costs for the exploration properties:

	For the Three Months Ended						For the Six Months Ended
	April 30,						April 30,
	2025			2024			2025			2024
Exploration and property holding costs for the period
Mexico	$	(9,000	)	$	(25,000	)	$	(81,000	)	$	(85,000	)
Kazakhstan		—			—			(1,000	)		—
	$	(9,000	)	$	(25,000	)	$	(82,000	)	$	(85,000	)