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SUBSEQUENT EVENTS
3 Months Ended
Jul. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 13 — SUBSEQUENT EVENTS

 

On August 3, 2026, 337,524 common stock purchase warrants, with an exercise price of $14.50 per warrant, expired.

 

On August 25, 2026, the Company entered into a two-year agreement to lease certain office space in Cheyenne, Wyoming, in near proximity to the CK Gold property, beginning September 1, 2026. Monthly lease payments under the two-year lease agreement are $2,450 in year one and $2,524 in year two. The Company has the option to extend the lease for an additional one year at a 3% increase in rent, under the same terms.

 

On August 31, 2026, the Company issued an aggregate of 2,500 shares of common stock upon the exercise of 2,500 common stock purchase warrants and received aggregate cash proceeds of $11,200.

 

On September 3, 2026, the Company closed on the purchase of a property in Cheyenne, Wyoming, for approximately $1.85 million. The property consists of a building and land. At July 31, 2026, a purchase deposit in the amount of $205,000 associated with the purchase was included in Prepaid Expenses and Other Current Assets on the Company’s unaudited condensed consolidated balance sheet. The amount of the purchase deposit will be reclassified to Property and Equipment during the quarter ending October 31, 2026.