ASSET RETIREMENT OBLIGATIONS |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jul. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Asset Retirement Obligation Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ASSET RETIREMENT OBLIGATIONS | NOTE 6 — ASSET RETIREMENT OBLIGATIONS
In conjunction with various permit approvals permitting the Company to undergo exploration activities at the CK Gold and Keystone projects, the Company has recorded AROs based upon the reclamation plans submitted in connection with the various permits. The following table summarizes activity in the Company’s AROs for the periods presented:
For the three months ended July 31, 2026 and 2025, accretion expense of $9,340 and $8,479, respectively, was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.
U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026
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