v3.24.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jan. 31, 2024
Apr. 30, 2023
CURRENT ASSETS:    
Cash $ 2,636,548 $ 7,822,930
Prepaid expenses and other current assets 395,167 610,140
Total current assets 3,031,715 8,433,070
NON - CURRENT ASSETS:    
Property, net 466,215 490,925
Reclamation bond deposit 909,329 857,509
Operating lease right-of-use asset, net 84,260 32,080
Mineral rights 14,370,255 14,370,255
Total non - current assets 15,830,059 15,750,769
Total assets 18,861,774 24,183,839
CURRENT LIABILITIES:    
Accounts payable and accrued liabilities 232,127 346,718
Operating lease liabilities, current portion 56,610 32,080
Total current liabilities 288,737 378,798
LONG- TERM LIABILITIES    
Warrant liability 3,139,500 4,230,850
Asset retirement obligation 300,699 285,764
Operating lease liabilities, less current portion 27,649
Deferred tax liability 430,486 430,486
Total long-term liabilities: 3,898,334 4,947,100
Total liabilities 4,187,071 5,325,898
Commitments and Contingencies
STOCKHOLDERS’ EQUITY :    
Preferred stock, $0.001 par value; 50,000,000 authorized, none shares issued and outstanding as of January 31, 2024 and April 30, 2023
Common stock ($0.001 Par Value; 200,000,000 Shares Authorized; 9,332,277 shares and 9,295,837 shares issued and outstanding as of January 31, 2024 and April 30, 2023) 9,332 9,296
Additional paid-in capital 85,454,756 84,799,263
Accumulated deficit (70,789,385) (65,950,618)
Total stockholders’ equity 14,674,703 18,857,941
Total liabilities and stockholders’ equity $ 18,861,774 $ 24,183,839

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