XML 32 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Apr. 30, 2025
Apr. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (20,559,122) $ (6,897,483)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 32,390 32,818
Accretion 30,764 27,968
Amortization of right-of-use asset 57,485 55,357
Stock based compensation 2,146,903 593,556
Amortization of prepaid stock based expenses 22,500 229,850
Gain from settlement of asset retirement obligation (6,075)
Change in fair value of warrant liability 7,714,200 (313,950)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 222,202 (504,943)
Reclamation bond deposit 25,000 (301,820)
Accounts payable and accrued liabilities 326,430 36,386
Stock payable 166,309 27,350
Operating lease liability (57,485) (55,357)
NET CASH USED IN OPERATING ACTIVITIES (9,872,424) (7,076,343)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (6,158)
NET CASH USED IN INVESTING ACTIVITIES (6,158)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock, net of issuance cost 10,145,623 4,827,691
Issuance of common stock for exercise of stock warrants 2,327,448
NET CASH PROVIDED BY FINANCING ACTIVITIES 12,473,071 4,827,691
NET INCREASE/(DECREASE) IN CASH 2,594,489 (2,248,652)
CASH - beginning of year 5,574,278 7,822,930
CASH - end of year 8,168,767 5,574,278
Cash paid for:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Issuance of common stock for accrued services 42,500 15,150
Issuance of common stock for prepaid services 63,600
Operating lease right-of-use asset and operating lease liability recorded upon lease modification $ 21,564 $ 93,608