v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Apr. 30, 2026
Apr. 30, 2025
Apr. 30, 2024
Current assets      
Cash and cash equivalents $ 427,310 $ 96,016 $ 27,316
Short-term investments 0 8,620 0
Value-added tax receivable 0 11,074 11,178
Other receivables 1,514 634 464
Prepaids and other expenses 1,037 1,674 1,614
Total current assets 429,861 118,018 40,572
Non-current assets      
Exploration and evaluation assets 244,208 174,869 151,933
Property, plant, and equipment 472 503 428
Investment in Vizsla Royalties Corp. 7,371 5,361 0
Investments in equity instruments 3,668 240 440
Warrants investments 1,138 0 0
Long-term value-added tax receivable 17,765 1,420 4,256
Capped call derivative options 27,016 0 0
Other non-current assets 0 12 930
Total non-current assets 301,638 182,405 157,987
Total assets 731,499 300,423 198,559
Current liabilities      
Accounts payable and accrued liabilities 6,154 3,179 1,840
Interest payable 6,558 0 0
Due to related parties 482 285 836
Income tax payable 107 0 0
Total current liabilities 13,301 3,464 2,676
Non-current liabilities      
Convertible notes 237,355 0 0
Derivative liabilities 49,482 0 0
Non-current accounts payable 0 1,164 0
Total liabilities 300,138 4,628 2,676
SHAREHOLDERS' EQUITY      
Share capital 456,910 320,764 211,498
Shares to be issued 8,954 5,813 654
Reserves 45,462 34,998 28,647
Accumulated other comprehensive income 16,779 (7,693) 2,567
Deficit (96,744) (58,087) (47,483)
Total shareholders' equity 431,361 295,795 195,883
Total liabilities and shareholders' equity $ 731,499 $ 300,423 $ 198,559