RELATED PARTY NOTES |
12 Months Ended |
|---|---|
Jan. 31, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY NOTES | 13. RELATED PARTY NOTES
On December 1, 2014, the Trust entered a Demand/Revolving Line of Credit/Promissory Note with Rare Earth Financial, LLC, an entity which is wholly owned by Mr. Wirth and his family members. The Demand/Revolving Line of Credit/Promissory Note, as amended on June 19, 2017, bears interest at 7.0% per annum for both a payable and receivable, interest is due quarterly, matures on August 24, 2026, and automatically renews annually each calendar year. No prepayment penalty exists on the Demand/Revolving Line of Credit/Promissory Note. The balance fluctuates through the period. On December 30, 2020, the Demand/Revolving Line of Credit/Promissory Note was extended and increased to $2,000,000. On November 26, 2025 the Demand/Revolving Line of Credit/Promissory Note was extended and increased to the current level of $2,500,000. As of January 31, 2026, and January 31, 2025, the Trust had an amount payable of approximately $2,645,000 and $1,151,000, respectively. During the Fiscal Years ended January 31, 2026 and 2025, the Trust accrued approximately $0, respectively, of interest expense.
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