Income Tax (Tables)

12 Months Ended

Apr. 30, 2026

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

A reconciliation of the provision for income taxes computed at the combined Canadian federal statutory rates to the provision for income taxes as shown in the consolidated statements of income (loss) for the years ended April 30, 2026, 2025, and 2024 is as follows:


		For the year ended April 30,
		2026 ($)				2025 ($)				2024 ($)
Income (loss) before income taxes			54,640				(5,644	)			16,900
Statutory rates			15.00	%			15.00	%			15.00	%
Expected income tax at statutory rates			8,196				(847	)			2,535

Reconciling items:
Non-deductible permanent differences			539				92				65
Tax rate difference applicable to investment in equity securities			(659	)			138				(847	)
Domestic provincial and local income taxes (British Columbia, Canada), net of federal effect			6,398				(489	)			1,408
Change in valuation allowance recorded through income			1				1				(63	)
Other, net			(84	)			(30	)			97
Income tax expense (recovery) for the year			14,391				(1,135	)			3,195

Current			9,307				—				—
Deferred			5,084				(1,135	)			3,195
Income tax expense (recovery) for the year			14,391				(1,135	)			3,195

Schedule of Components of Deferred Income Taxes

The significant component of the Company’s deferred tax assets and liabilities recognized are as follows:


		As at April 30, 2026 ($)				As at April 30, 2025 ($)
Deferred tax liabilities:
Excess of accounting value of short-term investments over tax value			(967	)			—
Excess of accounting value of royalties over tax value			(4,845	)			(3,041	)
Other deferred tax liabilities			(17	)			(42	)
Total deferred tax liabilities:			(5,829	)			(3,083	)

Deferred tax assets:
Non-capital losses carry-forward			4				2,236
Financing costs			629				687
Other deferred tax assets			196				1
Total deferred tax assets:			829				2,924
Valuation allowance			(4	)			(4	)
Deferred tax assets:			825				2,920
Deferred income tax liabilities, net			(5,004	)			(163	)