v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Apr. 30, 2026
Apr. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (17,208,080) $ (20,559,122)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 64,887 32,390
Accretion 33,829 30,764
Amortization of right-of-use asset 58,730 57,485
Stock based compensation 1,366,546 2,146,903
Amortization of prepaid stock based expenses 37,500 22,500
Change in fair value of warrant liability (1,495,000) 7,714,200
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (813,816) 222,202
Reclamation bond deposit (122,600) 25,000
Accounts payable and accrued liabilities (141,682) 326,430
Stock payable 65,000 166,309
Operating lease liability (58,730) (57,485)
NET CASH USED IN OPERATING ACTIVITIES (18,213,416) (9,872,424)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (3,331) (6,158)
Purchase of land and building (1,923,880)
NET CASH USED IN INVESTING ACTIVITIES (1,927,211) (6,158)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance of common stock, net of issuance cost 31,695,413 10,145,623
Proceeds from issuance of common stock for exercise of stock option 74,752
Proceeds from issuance of common stock for exercise of stock warrants 10,857,086 2,327,448
NET CASH PROVIDED BY FINANCING ACTIVITIES 42,627,251 12,473,071
NET INCREASE IN CASH 22,486,624 2,594,489
CASH - beginning of year 8,168,767 5,574,278
CASH - end of year 30,655,391 8,168,767
Cash paid for:    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:    
Issuance of common stock for accrued services 208,809 42,500
Issuance of common stock for prepaid services 37,500
Reclassification of warrant liability into equity upon exercise of warrants 10,136,100
Operating lease right-of-use asset and operating lease liability recorded upon lease modification $ 120,543 $ 21,564