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Loan Payable (Tables)
12 Months Ended
Apr. 30, 2020
Disclosure Of Loans And Advances And Deposits [Abstract]  
Summary of Valuation Assumptions Used to Determine Fair Value of Warrants The Company determined a value of $171 on the warrants, which was included in the Discount, based on the Black-Scholes model with the following assumptions:

 

Stock price

 

$

0.17

 

Exercise price

 

$

0.20

 

Dividend rate

 

 

0

%

Expected Life

 

3 years

 

Expected annual volatility

 

 

56

%

Risk-free rate

 

 

1.45

%

 

Disclosure of loans repayable

Changes to the loans payable balance during the year ending April 30, 2019 and the year ending April 30, 2020 are as follows:

 

 

Principal

 

 

Interest

 

 

Discount

 

 

Total

 

Balance, April 30, 2018

 

$

1,282

 

 

$

52

 

 

$

-

 

 

$

1,334

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financing, June 18, 2018

 

 

3,000

 

 

 

-

 

 

 

(231

)

 

 

2,769

 

Discount

 

 

-

 

 

 

-

 

 

 

101

 

 

 

101

 

Interest accrual

 

 

-

 

 

 

325

 

 

 

-

 

 

 

325

 

Foreign exchange adjustment

 

 

59

 

 

 

-

 

 

 

-

 

 

 

59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2019

 

 

4,341

 

 

 

377

 

 

 

(130

)

 

 

4,588

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Discount

 

 

-

 

 

 

-

 

 

 

115

 

 

 

115

 

Interest paid

 

 

-

 

 

 

(514

)

 

 

-

 

 

 

(514

)

Interest accrual

 

 

-

 

 

 

349

 

 

 

-

 

 

 

349

 

Loan repayment

 

 

(1,411

)

 

 

-

 

 

 

-

 

 

 

(1,411

)

Foreign exchange adjustment

 

 

69

 

 

-

 

 

 

-

 

 

 

69

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, April 30, 2020

 

$

2,999

 

 

$

212

 

 

$

(15

)

 

$

3,196

 

 

 

 

 

 

 

 

April 30,

2020

 

 

April 30,

2019

 

Current

 

 

 

 

 

$

3,196

 

 

$

1,507

 

Non-Current

 

 

 

 

 

$

-

 

 

$

3,081

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

3,196

 

 

$

4,588

 

 

Disclosure of financing costs

The Company’s financing costs for the year ended April 30, 2020, 2019, and 2018 as reported on its Consolidated Statement of Operations and Comprehensive Loss can be summarized as follows:

 

For the year ended April 30,

 

2020

 

 

2019

 

 

2018

 

Unwinding of discount on rehabilitation and closure accretion (note 12)

 

$

72

 

 

$

90

 

 

$

64

 

Discount unwinding on debt repaid (note 11)

 

 

115

 

 

 

101

 

 

 

-

 

Lease accretion

 

 

23

 

 

 

-

 

 

 

-

 

San Pedrito Interest (note 8)

 

 

-

 

 

 

(159

)

 

 

-

 

Interest on diesel equipment lease

 

 

3

 

 

 

21

 

 

 

-

 

Interest expense on debt (note 11)

 

 

349

 

 

 

325

 

 

 

83

 

Interest revenue

 

 

(8

)

 

 

(67

)

 

 

(86

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

554

 

 

$

311

 

 

$

61