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CONVERTIBLE NOTES (Tables)
9 Months Ended 12 Months Ended
Oct. 31, 2024
Jan. 31, 2024
Debt Disclosure [Abstract]    
SCHEDULE OF CONVERTIBLE SECURED NOTES PAYABLE

 

          Issue  Maturity  Conversion   Conversion   Warrants   Exercise   Warrant
   Balance   Collateral  Date  Date  Price   Shares   Shares   Price   Expiration
Steven Rudofsky  $125,000   (a)  1/23/23  7/23/25  $0.10    1,250,000    1,250,000   $0.15   1/23/28
Feehan Partners, LP  $87,334   (a)  1/23/23  7/23/25  $0.10    873,340    873,340   $0.15   1/23/28
The Jeffrey V. and Karin R. Hembrock Revocable Trust  $100,000   (a)  1/23/23  7/23/25  $0.10    1,000,000    1,000,000   $0.15   1/23/28
The Gaitonde Living Trust, Girish Gaitonde Trustee  $100,000   (a)  1/23/23  7/23/25  $0.10    1,000,000    1,000,000   $0.15   1/23/28
Corey Redfield  $50,000   (a)  1/23/23  7/23/25  $0.10    500,000    500,000   $0.15   1/23/28
PV Partners, LP  $75,000   (a)  1/23/23  7/23/25  $0.10    750,000    750,000   $0.15   1/23/28
Shaun Dykes  $30,000   (a)  1/23/23  7/23/25  $0.10    300,000    300,000   $0.15   1/23/28
Patricia Czerniej  $30,000   (a)  1/23/23  7/23/25  $0.10    300,000    300,000   $0.15   1/23/28
James Dykes  $30,000   (a)  1/23/23  7/23/25  $0.10    300,000    300,000   $0.15   1/23/28
Jason Czerniej  $30,000   (a)  1/23/23  7/23/25  $0.10    300,000    300,000   $0.15   1/23/28
Louise Dykes  $30,000   (a)  1/23/23  7/23/25  $0.10    300,000    300,000   $0.15   1/23/28
Andrew Brodkey  $98,000   (a)  1/23/23  7/23/25  $0.10    980,000    980,000   $0.15   1/23/28
Feehan Partners, LP  $112,666   (a)  1/23/23  7/23/25  $0.10    1,126,660    1,126,660   $0.15   1/23/28
Gil Atzmon  $102,200   (a)  5/8/23  11/8/25  $0.23    440,000    550,000   $0.23   5/8/26
Jon Powell  $100,000   (a)  5/8/23  11/8/25  $0.23    434,783    543,479   $0.23   5/8/26
Total  $1,100,200                  9,854,783    10,073,479         

 

(a)The replacement notes and new warrants are secured by mining claims and rights of the CuMo Project.

 

          Issue   Maturity   Conversion   Conversion   Warrants   Exercise   Warrant 
   Balance   Collateral  Date   Date   Price   Shares   Shares   Price   Expiration 
Steven Rudofsky  $125,000   (a)   1/23/23    7/23/25   $0.10    1,250,000    1,250,000   $0.15    1/23/28 
Feehan Partners, LP  $87,334   (a)   1/23/23    7/23/25   $0.10    873,340    873,340   $0.15    1/23/28 
The Jeffrey V. and Karin R. Hembrock Revocable Trust  $100,000   (a)   1/23/23    7/23/25   $0.10    1,000,000    1,000,000   $0.15    1/23/28 
The Gaitonde Living Trust, Girish Gaitonde Trustee  $100,000   (a)   1/23/23    7/23/25   $0.10    1,000,000    1,000,000   $0.15    1/23/28 
Corey Redfield  $50,000   (a)   1/23/23    7/23/25   $0.10    500,000    500,000   $0.15    1/23/28 
PV Partners, LP  $75,000   (a)   1/23/23    7/23/25   $0.10    750,000    750,000   $0.15    1/23/28 
Shaun Dykes  $30,000   (a)   1/23/23    7/23/25   $0.10    300,000    300,000   $0.15    1/23/28 
Patricia Czerniej  $30,000   (a)   1/23/23    7/23/25   $0.10    300,000    300,000   $0.15    1/23/28 
James Dykes  $30,000   (a)   1/23/23    7/23/25   $0.10    300,000    300,000   $0.15    1/23/28 
Jason Czerniej  $30,000   (a)   1/23/23    7/23/25   $0.10    300,000    300,000   $0.15    1/23/28 
Louise Dykes  $30,000   (a)   1/23/23    7/23/25   $0.10    300,000    300,000   $0.15    1/23/28 
Andrew Brodkey  $98,000   (a)   1/23/23    7/23/25   $0.10    980,000    980,000   $0.15    1/23/28 
Feehan Partners, LP  $112,666   (a)   1/23/23    7/23/25   $0.10    1,126,660    1,126,660   $0.15    1/23/28 
Gil Atzmon  $102,200   (a)   5/8/23    11/8/25   $0.23    440,000    550,000   $0.23    5/8/26 
Jon Powell  $100,000   (a)   5/8/23    11/8/25   $0.23    434,783    543,479   $0.23    5/8/26 
Total  $1,100,200                      9,854,783    10,073,479           

 

(a) The replacement notes and new warrants are secured by mining claims and rights of the CuMo Project.
SCHEDULE OF ESTIMATED FAIR VALUE ASSUMPTIONS  

The following are the inputs to the Black-Scholes option pricing model used to estimate the value of the above warrants at issuance:

   2024   2023 
Stock price  $0.22   $0.22 
Exercise price  $0.23    $0.150.23 
Expected volatility(a)   1,608%   168 - 359%
Expected term (years)   3    35 
Risk free rate   4.84%   2.973.23%
Dividends   0%   0%

 

  (a) The Company derived expected volatility using the average volatility for a sample of comparable companies due to the thinly traded nature of the Company’s stock for issuances during the year ended January 31, 2023.