| SEGMENT INFORMATION |
NOTE 16 – SEGMENT INFORMATION The Company operates in a single reportable segment: the exploration of mineral property interests. The Company has mineral property interests in Sierra Mojada, Mexico. Geographic information is approximately as follows: | | | | | | | | | | | | | | | | | For the Three Months Ended | | | For the Six Months Ended | | | | | April 30, | | | April 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | | | | | | | | | | | | | | | Mexico | | $ | (44,000 | ) | | $ | (25,000 | ) | | $ | (55,000 | ) | | $ | (94,000 | ) | | Canada | | | (1,072,000 | ) | | | (45,000 | ) | | | (1,181,000 | ) | | | (78,000 | ) | | Kazakhstan | | | (1,000 | ) | | | — | | | | (1,000 | ) | | | (1,000 | ) | | Net Loss | | $ | (1,117,000 | ) | | $ | (70,000 | ) | | $ | (1,237,000 | ) | | $ | (173,000 | ) | The following table details the allocation of assets included in the accompanying balance sheet at April 30, 2026: | | | | | | | | | | | | | | Canada | | | Mexico | | | Total | | | Cash and cash equivalents | | $ | 917,000 | | | $ | — | | | $ | 917,000 | | | Restricted cash | | | | | | | 79,000 | | | | 79,000 | | | Other receivables | | | 2,000 | | | | — | | | | 2,000 | | | Accounts receivables | | | 392,000 | | | | — | | | | 392,000 | | | Prepaid expenses and deposits | | | 16,000 | | | | — | | | | 16,000 | | | Due from related party | | | 22,000 | | | | — | | | | 22,000 | | | Value-added tax receivable, net | | | — | | | | 77,000 | | | | 77,000 | | | Office and mining equipment, net | | | — | | | | 1,000 | | | | 1,000 | | | | | $ | 1,349,000 | | | $ | 157,000 | | | $ | 1,506,000 | | The following table details the allocation of assets included in the accompanying balance sheet at October 31, 2025: | | | | | | | | | | | | | | Canada | | | Mexico | | | Total | | | Cash and cash equivalents | | $ | 1,135,000 | | | $ | — | | | $ | 1,135,000 | | | Restricted cash | | | | | | | 75,000 | | | | 75,000 | | | Other receivables | | | 6,000 | | | | — | | | | 6,000 | | | Accounts receivables | | | 185,000 | | | | — | | | | 185,000 | | | Prepaid expenses and deposits | | | 36,000 | | | | — | | | | 36,000 | | | Due from related party | | | 20,000 | | | | — | | | | 20,000 | | | Value-added tax receivable, net | | | — | | | | 73,000 | | | | 73,000 | | | Office and mining equipment, net | | | — | | | | 1,000 | | | | 1,000 | | | | | $ | 1,382,000 | | | $ | 149,000 | | | $ | 1,531,000 | | The Company has significant assets in Coahuila, Mexico. Although Mexico is generally considered economically stable, unanticipated events in Mexico, such as the blockade, can, and may in the future, disrupt the Company’s operations. The Mexican government does not require foreign entities to maintain cash reserves in Mexico. The following table details the allocation of exploration and property holding costs for the exploration properties: | | | | | | | | | | | | | | | | | For the Three Months Ended | | | For the Six Months Ended | | | | | April 30, | | | April 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | | | | | | | | | | | | | | | Exploration and property holding costs for the period | | | | | | | | | | | | | | | | | | Mexico | | $ | (2,000 | ) | | $ | (10,000 | ) | | $ | (77,000 | ) | | $ | (81,000 | ) | | Kazakhstan | | | (1,000 | ) | | | — | | | | (1,000 | ) | | | (1,000 | ) | | | | $ | (3,000 | ) | | $ | (10,000 | ) | | $ | (78,000 | ) | | $ | (82,000 | ) |
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