ASSET RETIREMENT OBLIGATION

12 Months Ended

Apr. 30, 2025

Asset Retirement Obligation Disclosure [Abstract]

ASSET RETIREMENT OBLIGATION

NOTE 6 — ASSET RETIREMENT OBLIGATION

In conjunction with various permit approvals allowing the Company to undergo exploration activities at the CK Gold and Keystone projects, the Company has recorded an ARO based upon the reclamation plans submitted in connection with the various permits. The following table summarizes activity in the Company’s ARO for the years presented:

	April 30, 2025		April 30, 2024
Balance, beginning of year	$	307,657	$	285,764
Retired		-		(6,075	)
Accretion expense		30,764		27,968
Balance, end of year	$	338,421	$	307,657

For the years ended April 30, 2025 and 2024, accretion expense amounted to $30,764 and $27,968, respectively.

U.S. GOLD CORP. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

APRIL 30, 2025