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NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Organization U.S. Gold Corp., formerly known as Dataram Corporation (the “Company”), was originally incorporated in the State of New Jersey in 1967 and was subsequently re-incorporated under the laws of the State of Nevada in 2016. Effective June 26, 2017, the Company changed its name to U.S. Gold Corp. from Dataram Corporation. On May 23, 2017, the Company merged with Gold King Corp. (“Gold King”), in a transaction treated as a reverse acquisition and recapitalization, and the business of Gold King became the business of the Company. The Company is a gold and precious metals exploration company pursuing exploration and development properties. The Company owns certain mining leases and other mineral rights comprising the CK Gold Project in Wyoming, the Keystone Project in Nevada and the Challis Gold Project in Idaho. The Company has established an estimate of proven and probable mineral reserves under subpart 1300 of Regulation S-K promulgated by the Securities and Exchange Commission (“S-K 1300”) at its CK Gold Project, where the Company is conducting exploration and pre-development activities, and all of its activities on its other properties are exploratory in nature. The Company’s CK Gold property contains proven and probable mineral reserves and accordingly is classified as a development stage property, as defined in S-K 1300. None of the Company’s other properties contain proven and probable mineral reserves and all activities are exploratory in nature. Unless the context otherwise requires, all references herein to the “Company” refer to U.S. Gold Corp. and its consolidated subsidiaries.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES There have been no material changes to the Company’s significant accounting policies from those disclosed in Form 10-K for the fiscal year ended April 30, 2026. As such, the discussion of certain significant accounting policies has been excluded from the footnotes presented herein. Basis of presentation and principles of consolidation The accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the instructions to Form 10-Q, and the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) for interim financial information, which includes the unaudited condensed consolidated financial statements and presents the unaudited condensed consolidated financial statements of the Company and its wholly owned subsidiaries as of July 31, 2026. All intercompany transactions and balances have been eliminated. The accounting policies and procedures used in the preparation of these unaudited condensed consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended April 30, 2026, which are contained in the Form 10-K filed on July 29, 2026. The unaudited condensed consolidated balance sheet as of April 30, 2026 was derived from those financial statements. It is management’s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statement presentation. Operating results during the three months ended July 31, 2026 are not necessarily indicative of the results to be expected for the fiscal year ending April 30, 2027 (“fiscal year 2027”). Use of Estimates and Assumptions In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, valuation of mineral rights, stock-based compensation, the fair value of common stock, valuation of warrant liability, asset retirement obligations and the valuation of deferred tax assets and liabilities. Cash and Cash Equivalents Cash equivalents are comprised of certain highly liquid instruments with a maturity of three months or less when purchased. The Company did not have any cash equivalents on hand at July 31, 2026, and April 30, 2026. The Company places its cash with high credit quality financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At July 31, 2026, and April 30, 2026, the Company had bank balances of approximately $26.8 million and $30.4 million, respectively, that exceed the FDIC insurance limit on interest bearing accounts. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 Property Property and equipment is carried at cost. The cost of repairs and maintenance is expensed as incurred, unless such repairs materially extend the useful life of the asset; major replacements and improvements are capitalized. Depreciation is calculated on a straight-line basis over the estimated useful life of the assets. When assets are retired or disposed of, the cost and associated accumulated depreciation are removed from the Company’s balance sheet and any resulting gains or losses are included in the determination of net income (loss) for the period in which the disposition or retirement occurred. Impairment of long-lived assets The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. The Company did not recognize any impairment during the three months ended July 31, 2026 and 2025. Mineral Rights Costs of leasing, exploring, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred. Where the Company has identified proven and probable mineral reserves on any of its properties, development costs will be capitalized when all the following criteria have been met, a) the Company receives the requisite operating permits, b) completion of a favorable Feasibility Study and c) approval from the Board of director’s authorizing the development of the ore body. Until such time all these criteria have been met, the Company expenses pre-development costs as incurred. To date, the Company has expensed all exploration and pre-development costs as none of its properties have satisfied the criteria above for capitalization. Share-Based Compensation Share-based compensation is accounted for based on the requirements of ASC 718, Compensation—Stock Compensation (“ASC 718”), which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Accounting for Warrants Warrants are accounted for in accordance with the applicable accounting guidance provided in ASC 815, Derivatives and Hedging (“ASC 815”) as either derivative liabilities or as equity instruments, depending on the specific terms of the agreements. The Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). Instruments that are classified as liabilities are recorded at fair value at each reporting period, with any change in fair value recognized as a component of change in fair value of derivative liabilities in the consolidated statements of operations for such period. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 The Company assessed the classification of its outstanding common stock purchase warrants as of the date of issuance and determined that such instruments, except for the warrants discussed under Warrant Liability below, met the criteria for equity classification under the guidance in ASC 260, Earnings Per Share; ASC 480, Distinguishing Liabilities from Equity; and ASC 815, Derivatives and Hedging. The Company has no outstanding warrants that contain a “down round” feature under ASC 815-10. Warrant Liability The Company accounted for the 625,000 warrants and 870,000 warrants issued in March 2022 and April 2023 (see Note – 9), respectively, in accordance with the guidance contained in ASC 815 whereby under that provision these warrants did not meet the criteria for equity treatment and must be recorded as a liability. Accordingly, the Company classified these warrant instruments as liabilities at fair value and adjusted the instruments to fair value at each reporting period. This liability was re-measured at each balance sheet date until the warrants were exercised or expired, and any change in fair value was recognized in the Company’s statement of operations. The fair value of these warrants was estimated using a Monte Carlo simulation model. Such warrant classification was also subject to re-evaluation at each reporting period. During fiscal year 2026, all warrants for which a warrant liability had previously been established were exercised and the fair-market value at the time of exercise ($10,136,100) of the corresponding liability was reclassified to additional paid in capital, resulting in the recognition of a gain of $1,495,000. Leases The Company accounts for leases in accordance with ASC Topic 842. Operating lease right of use assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future payments. Upon an election by the Company to extend a lease for additional years, such election will be treated as a lease modification, and the lease will be reviewed for re-measurement. Lease expense for minimum lease payments is amortized on a straight-line basis over the lease term and is included in general and administrative expenses in the unaudited condensed consolidated statements of operations. Advertising cost The Company applies ASC 720, Other Expenses, to account for advertising costs. Pursuant to ASC 720-35-25-1, the Company expenses advertising expenses as incurred. Advertising costs primarily include social media and digital marketing ads. Advertising costs of approximately $950,000 and $1,195,000 for the three months ended July 31, 2026 and 2025, respectively, were included in general and administrative expenses in the unaudited condensed consolidated statement of operations. Segment Information The Company operates as a single operating and reportable segment. The Chief Executive Officer serves as Chief Operating Decision Maker and reviews financial information on a consolidated basis. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 Recent Accounting Pronouncements Accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material effect on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to impact or are unrelated to its financial condition, results of operations, cash flows or disclosures. On November 4, 2024, the FASB issued ASU No. 2024-03 Subtopic 220-40, Disaggregation of Income Statement Expenses (“ASU 2024-03”), to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions (such as cost of sales, SG&A, and research and development). ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027, and early adoption is permitted. ASU 2024-03 allows entities to apply the amendment prospectively or elect retrospective application. The Company is currently evaluating the impact the adoption of ASU 2024-03 may have on the Company’s consolidated financial statements. On December 8, 2025, the FASB issued ASU 2025-11, Interim Reporting (“ASU 2025-11”), which is intended to improve the navigability of the guidance in ASC 270, Interim Reporting, and clarify when it applies. Under the amendments, an entity is subject to ASC 270 if it provides interim financial statements and notes in accordance with GAAP. ASU 2025-11 also addresses the form and content of such financial statements, interim disclosures requirements, and establishes a principle under which an entity must disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, and early adoption is permitted. The Company is currently evaluating the impact the adoption of ASU 2025-11 may have on the Company’s consolidated financial statements. On December 17, 2025, the FASB issued ASU 2025-12, Codification Improvements (“ASU 2025-12”). The amendments in this update are to make other incremental improvements to GAAP and facilitate codification updates for a broad range of Topics arising from technical corrections, unintended application of the codification, clarifications, and other minor improvements. The resulting amendments are collectively referred to as Codification improvements. ASU 2025-12 is effective for all entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. The Company is currently evaluating the impact the adoption of ASU 2025-12 may have on the Company’s consolidated financial statements.

Basis of presentation and principles of consolidation The accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the instructions to Form 10-Q, and the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) for interim financial information, which includes the unaudited condensed consolidated financial statements and presents the unaudited condensed consolidated financial statements of the Company and its wholly owned subsidiaries as of July 31, 2026. All intercompany transactions and balances have been eliminated. The accounting policies and procedures used in the preparation of these unaudited condensed consolidated financial statements have been derived from the audited financial statements of the Company for the fiscal year ended April 30, 2026, which are contained in the Form 10-K filed on July 29, 2026. The unaudited condensed consolidated balance sheet as of April 30, 2026 was derived from those financial statements. It is management’s opinion that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statement presentation. Operating results during the three months ended July 31, 2026 are not necessarily indicative of the results to be expected for the fiscal year ending April 30, 2027 (“fiscal year 2027”).

Use of Estimates and Assumptions In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet, and revenues and expenses for the period then ended. Actual results may differ significantly from those estimates. Significant estimates made by management include, but are not limited to, valuation of mineral rights, stock-based compensation, the fair value of common stock, valuation of warrant liability, asset retirement obligations and the valuation of deferred tax assets and liabilities.

Cash and Cash Equivalents Cash equivalents are comprised of certain highly liquid instruments with a maturity of three months or less when purchased. The Company did not have any cash equivalents on hand at July 31, 2026, and April 30, 2026. The Company places its cash with high credit quality financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. At July 31, 2026, and April 30, 2026, the Company had bank balances of approximately $26.8 million and $30.4 million, respectively, that exceed the FDIC insurance limit on interest bearing accounts. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026

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Impairment of long-lived assets The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. The Company did not recognize any impairment during the three months ended July 31, 2026 and 2025.

Mineral Rights Costs of leasing, exploring, carrying and retaining unproven mineral lease properties are expensed as incurred. The Company expenses all mineral exploration costs as incurred. Where the Company has identified proven and probable mineral reserves on any of its properties, development costs will be capitalized when all the following criteria have been met, a) the Company receives the requisite operating permits, b) completion of a favorable Feasibility Study and c) approval from the Board of director’s authorizing the development of the ore body. Until such time all these criteria have been met, the Company expenses pre-development costs as incurred. To date, the Company has expensed all exploration and pre-development costs as none of its properties have satisfied the criteria above for capitalization.

Share-Based Compensation Share-based compensation is accounted for based on the requirements of ASC 718, Compensation—Stock Compensation (“ASC 718”), which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). ASC 718 also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.

Accounting for Warrants Warrants are accounted for in accordance with the applicable accounting guidance provided in ASC 815, Derivatives and Hedging (“ASC 815”) as either derivative liabilities or as equity instruments, depending on the specific terms of the agreements. The Company classifies as equity any contracts that (i) require physical settlement or net-share settlement or (ii) give the Company a choice of net-cash settlement or settlement in its own shares (physical settlement or net-share settlement). The Company classifies as assets or liabilities any contracts that (i) require net-cash settlement (including a requirement to net-cash settle the contract if an event occurs and if that event is outside the control of the Company) or (ii) give the counterparty a choice of net-cash settlement or settlement in shares (physical settlement or net-share settlement). Instruments that are classified as liabilities are recorded at fair value at each reporting period, with any change in fair value recognized as a component of change in fair value of derivative liabilities in the consolidated statements of operations for such period. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 The Company assessed the classification of its outstanding common stock purchase warrants as of the date of issuance and determined that such instruments, except for the warrants discussed under Warrant Liability below, met the criteria for equity classification under the guidance in ASC 260, Earnings Per Share; ASC 480, Distinguishing Liabilities from Equity; and ASC 815, Derivatives and Hedging. The Company has no outstanding warrants that contain a “down round” feature under ASC 815-10. Warrant Liability The Company accounted for the 625,000 warrants and 870,000 warrants issued in March 2022 and April 2023 (see Note – 9), respectively, in accordance with the guidance contained in ASC 815 whereby under that provision these warrants did not meet the criteria for equity treatment and must be recorded as a liability. Accordingly, the Company classified these warrant instruments as liabilities at fair value and adjusted the instruments to fair value at each reporting period. This liability was re-measured at each balance sheet date until the warrants were exercised or expired, and any change in fair value was recognized in the Company’s statement of operations. The fair value of these warrants was estimated using a Monte Carlo simulation model. Such warrant classification was also subject to re-evaluation at each reporting period. During fiscal year 2026, all warrants for which a warrant liability had previously been established were exercised and the fair-market value at the time of exercise ($10,136,100) of the corresponding liability was reclassified to additional paid in capital, resulting in the recognition of a gain of $1,495,000.

625000

870000

10136100

-1495000

Leases The Company accounts for leases in accordance with ASC Topic 842. Operating lease right of use assets represent the right to use the leased asset for the lease term and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most leases do not provide an implicit rate, the Company uses an incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future payments. Upon an election by the Company to extend a lease for additional years, such election will be treated as a lease modification, and the lease will be reviewed for re-measurement. Lease expense for minimum lease payments is amortized on a straight-line basis over the lease term and is included in general and administrative expenses in the unaudited condensed consolidated statements of operations.

Advertising cost The Company applies ASC 720, Other Expenses, to account for advertising costs. Pursuant to ASC 720-35-25-1, the Company expenses advertising expenses as incurred. Advertising costs primarily include social media and digital marketing ads. Advertising costs of approximately $950,000 and $1,195,000 for the three months ended July 31, 2026 and 2025, respectively, were included in general and administrative expenses in the unaudited condensed consolidated statement of operations.

950000

1195000

Segment Information The Company operates as a single operating and reportable segment. The Chief Executive Officer serves as Chief Operating Decision Maker and reviews financial information on a consolidated basis. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026

Recent Accounting Pronouncements Accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material effect on the financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to impact or are unrelated to its financial condition, results of operations, cash flows or disclosures. On November 4, 2024, the FASB issued ASU No. 2024-03 Subtopic 220-40, Disaggregation of Income Statement Expenses (“ASU 2024-03”), to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions (such as cost of sales, SG&A, and research and development). ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and interim periods beginning after December 15, 2027, and early adoption is permitted. ASU 2024-03 allows entities to apply the amendment prospectively or elect retrospective application. The Company is currently evaluating the impact the adoption of ASU 2024-03 may have on the Company’s consolidated financial statements. On December 8, 2025, the FASB issued ASU 2025-11, Interim Reporting (“ASU 2025-11”), which is intended to improve the navigability of the guidance in ASC 270, Interim Reporting, and clarify when it applies. Under the amendments, an entity is subject to ASC 270 if it provides interim financial statements and notes in accordance with GAAP. ASU 2025-11 also addresses the form and content of such financial statements, interim disclosures requirements, and establishes a principle under which an entity must disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, and early adoption is permitted. The Company is currently evaluating the impact the adoption of ASU 2025-11 may have on the Company’s consolidated financial statements. On December 17, 2025, the FASB issued ASU 2025-12, Codification Improvements (“ASU 2025-12”). The amendments in this update are to make other incremental improvements to GAAP and facilitate codification updates for a broad range of Topics arising from technical corrections, unintended application of the codification, clarifications, and other minor improvements. The resulting amendments are collectively referred to as Codification improvements. ASU 2025-12 is effective for all entities for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. The Company is currently evaluating the impact the adoption of ASU 2025-12 may have on the Company’s consolidated financial statements.

NOTE 3 — GOING CONCERN The accompanying unaudited condensed consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of July 31, 2026, the Company had cash of approximately $27.1 million, working capital of approximately $27.8 million, which consists primarily of cash and prepaid expenses and other current assets, and an accumulated deficit of approximately $115.2 million. The Company recognized a net loss for the three months ended July 31, 2026, of approximately $4.6 million and reported cash used in operating activities during the period of approximately $3.5 million. As a result of the utilization of cash in its operating activities, and the pre-development of its assets, the Company has incurred losses since it commenced operations. The Company’s primary source of operating funds since inception has been equity financing. As of the date of filing the quarterly report on Form 10-Q for the three months ended July 31, 2026, the Company has sufficient cash to fund its corporate activities and general and administrative costs and has undertaken project activities related to permitting and continued engineering studies. However, in order to advance any of its projects past the aforementioned objectives, the Company will need to raise additional funds. These matters raise substantial doubt about the Company’s ability to continue as a going concern for the twelve months following the issuance of these unaudited condensed consolidated financial statements. The unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset amounts or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026

27100000

27800000

-115200000

-4600000

-3500000

NOTE 4 — MINERAL RIGHTS As of the dates presented, mineral properties consisted of the following: SCHEDULE OF MINERAL RIGHTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 95%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260731_zt0Vz4Iur0je" style="border-bottom: Black 1pt solid; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260430_zYpbs4ntJPO3" style="border-bottom: Black 1pt solid; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eus-gaap--MineralRights_iI_hus-gaap--BusinessAcquisitionAxis__custom--CKGoldProjectMember_zBsvxMt7DeO4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">CK Gold Project</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">3,091,738</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">3,091,738</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--MineralRights_iI_hus-gaap--BusinessAcquisitionAxis__custom--KeystoneProjectMember_zCNaWc00rCv8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Keystone Project</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,028,885</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,028,885</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--MineralRights_iI_hus-gaap--BusinessAcquisitionAxis__custom--ChallisGoldProjectMember_zzKLzAsoqpB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Challis Gold Project</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,249,632</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,249,632</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--MineralRights_iI_z4mFd1LaRf6l" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">14,370,255</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">14,370,255</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

As of the dates presented, mineral properties consisted of the following: SCHEDULE OF MINERAL RIGHTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 95%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260731_zt0Vz4Iur0je" style="border-bottom: Black 1pt solid; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20260430_zYpbs4ntJPO3" style="border-bottom: Black 1pt solid; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_406_eus-gaap--MineralRights_iI_hus-gaap--BusinessAcquisitionAxis__custom--CKGoldProjectMember_zBsvxMt7DeO4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">CK Gold Project</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">3,091,738</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">3,091,738</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--MineralRights_iI_hus-gaap--BusinessAcquisitionAxis__custom--KeystoneProjectMember_zCNaWc00rCv8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Keystone Project</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,028,885</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,028,885</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--MineralRights_iI_hus-gaap--BusinessAcquisitionAxis__custom--ChallisGoldProjectMember_zzKLzAsoqpB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Challis Gold Project</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,249,632</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">10,249,632</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--MineralRights_iI_z4mFd1LaRf6l" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">14,370,255</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">14,370,255</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

3091738

1028885

10249632

14370255

NOTE 5 — PROPERTY AND EQUIPMENT As of the dates presented, property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 93%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260731_z8xIR0a1rMdc" style="border-bottom: Black 1pt solid; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260430_zZAwjj7Fz9E" style="border-bottom: Black 1pt solid; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SiteCostsMember_z0wO6VncoV3g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Site costs</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">203,320</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">203,320</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zwcbfHzMo8S2" style="vertical-align: bottom; background-color: White"> <td>Land</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,459,286</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,459,286</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zSRM0IX9kxP1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Building</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">817,311</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">817,311</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zigi98ROB8K9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Computer equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,256</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,256</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zCs0LP6Kkige" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Vehicle</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">39,493</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">39,493</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_maPPAENzA7q_zioh6aeVGhv6" style="vertical-align: bottom; background-color: White"> <td>Total</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,532,666</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,532,666</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_maPPAENzA7q_zdcKFZiPrPCg" style="display: none; vertical-align: bottom; background-color: White"> <td>Property and equipment, gross</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,532,666</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,532,666</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_msPPAENzA7q_zq45ydz5scn8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less: accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(258,828</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(238,467</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pp0p0_mtPPAENzA7q_zrquOKYJ02m2" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,273,838</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,294,199</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pp0p0_mtPPAENzA7q_zOtJNPECreTd" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Property and equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,273,838</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,294,199</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> For the three months ended July 31, 2026 and 2025, depreciation expense of $20,361 and $8,436, respectively, was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.

As of the dates presented, property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 93%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260731_z8xIR0a1rMdc" style="border-bottom: Black 1pt solid; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260430_zZAwjj7Fz9E" style="border-bottom: Black 1pt solid; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SiteCostsMember_z0wO6VncoV3g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Site costs</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">203,320</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">203,320</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LandMember_zwcbfHzMo8S2" style="vertical-align: bottom; background-color: White"> <td>Land</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,459,286</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,459,286</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zSRM0IX9kxP1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Building</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">817,311</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">817,311</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember_zigi98ROB8K9" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Computer equipment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,256</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,256</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_hus-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zCs0LP6Kkige" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Vehicle</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">39,493</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">39,493</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_maPPAENzA7q_zioh6aeVGhv6" style="vertical-align: bottom; background-color: White"> <td>Total</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,532,666</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,532,666</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_maPPAENzA7q_zdcKFZiPrPCg" style="display: none; vertical-align: bottom; background-color: White"> <td>Property and equipment, gross</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,532,666</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,532,666</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_msPPAENzA7q_zq45ydz5scn8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Less: accumulated depreciation</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(258,828</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(238,467</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pp0p0_mtPPAENzA7q_zrquOKYJ02m2" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,273,838</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,294,199</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--PropertyPlantAndEquipmentNet_iTI_pp0p0_mtPPAENzA7q_zOtJNPECreTd" style="display: none; vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Property and equipment, net</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,273,838</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,294,199</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

203320

1459286

817311

13256

39493

2532666

258828

238467

2273838

2294199

2273838

2294199

20361

8436

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: SCHEDULE OF ASSET RETIREMENT OBLIGATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 89.5%; margin-left: 0.75in"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Balance, beginning of period</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--AssetRetirementObligationsNoncurrent_iS_c20260501__20260731_z5n0jiB62U48" style="width: 16%; text-align: right" title="Balance, beginning of period">372,250</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--AssetRetirementObligationsNoncurrent_iS_c20250501__20260430_zB4ydIkIfM8j" style="width: 16%; text-align: right" title="Balance, beginning of period">338,421</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Retired</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AssetRetirementObligationRevisionOfEstimate_c20260501__20260731_z5jMDAof2LWf" style="text-align: right" title="Retired">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--AssetRetirementObligationRevisionOfEstimate_c20250501__20260430_zAeGmWcMdboe" style="text-align: right" title="Retired">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accretion expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--AssetRetirementObligationAccretionExpense_c20260501__20260731_zYRPNT5ruH5" style="border-bottom: Black 1pt solid; text-align: right" title="Accretion expense">9,340</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--AssetRetirementObligationAccretionExpense_c20250501__20260430_zDbklSqG8Muc" style="border-bottom: Black 1pt solid; text-align: right" title="Accretion expense">33,829</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Balance, end of period</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--AssetRetirementObligationsNoncurrent_iE_c20260501__20260731_zkvymxs927a9" style="border-bottom: Black 2.5pt double; text-align: right" title="Balance, end of period">381,590</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--AssetRetirementObligationsNoncurrent_iE_c20250501__20260430_zcj1F9XBug4b" style="border-bottom: Black 2.5pt double; text-align: right" title="Balance, end of period">372,250</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 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

SCHEDULE OF ASSET RETIREMENT OBLIGATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 89.5%; margin-left: 0.75in"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Balance, beginning of period</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--AssetRetirementObligationsNoncurrent_iS_c20260501__20260731_z5n0jiB62U48" style="width: 16%; text-align: right" title="Balance, beginning of period">372,250</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_987_eus-gaap--AssetRetirementObligationsNoncurrent_iS_c20250501__20260430_zB4ydIkIfM8j" style="width: 16%; text-align: right" title="Balance, beginning of period">338,421</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Retired</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AssetRetirementObligationRevisionOfEstimate_c20260501__20260731_z5jMDAof2LWf" style="text-align: right" title="Retired">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--AssetRetirementObligationRevisionOfEstimate_c20250501__20260430_zAeGmWcMdboe" style="text-align: right" title="Retired">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1pt">Accretion expense</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--AssetRetirementObligationAccretionExpense_c20260501__20260731_zYRPNT5ruH5" style="border-bottom: Black 1pt solid; text-align: right" title="Accretion expense">9,340</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--AssetRetirementObligationAccretionExpense_c20250501__20260430_zDbklSqG8Muc" style="border-bottom: Black 1pt solid; text-align: right" title="Accretion expense">33,829</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Balance, end of period</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--AssetRetirementObligationsNoncurrent_iE_c20260501__20260731_zkvymxs927a9" style="border-bottom: Black 2.5pt double; text-align: right" title="Balance, end of period">381,590</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--AssetRetirementObligationsNoncurrent_iE_c20250501__20260430_zcj1F9XBug4b" style="border-bottom: Black 2.5pt double; text-align: right" title="Balance, end of period">372,250</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

372250

338421

9340

33829

381590

372250

9340

8479

NOTE 7 – OPERATING LEASE RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES On May 1, 2021, the Company entered into a lease agreement for a facility in Cheyenne, Wyoming. Since then, the Company and the lessor have executed a number of amendments to the original lease agreement, each of which extended the initial lease term and increased the amount of the monthly base rent payment. Pursuant to the most recent (fourth) lease amendment, the lease term was extended through April 30, 2027, and the monthly base rent payment amount was increased to $1,932. The Company accounted for the lease agreement and subsequent lease amendments under ASC 842 and, accordingly, has recorded a right-of-use asset and a lease liability, both of which are reflected in the unaudited condensed consolidated balance sheets presented herein. The amount attributed to the right-of-use asset and lease liability as of the dates presented was calculated using an incremental borrowing rate of 9.95%. On September 1, 2021, the Company entered into a lease agreement for another facility in Cheyenne, Wyoming. Since then, the Company and the lessor have executed a number of amendments to the original lease agreement, each of which extended the initial lease term and increased the amount of the monthly base rent payment. Pursuant to the most recent (second) lease amendment, the lease term was extended through August 31, 2027, and the monthly base rent payment amount was increased to $3,600. The Company accounted for the lease agreement and subsequent lease amendments under ASC 842 and, accordingly, has recorded a right-of-use asset and a lease liability, both of which are reflected in the unaudited, condensed consolidated balance sheets presented herein. The amount attributed to the right-of-use asset and lease liability as of the dates presented was calculated using an incremental borrowing rate of 9.95%. During the three months ended July 31, 2026 and 2025, lease expense of $20,599 and $19,239, respectively, was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations. <p id="xdx_894_ecustom--ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock_zzFOeOwwcGvk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">Right-of- use assets are summarized below: SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260731_z27dAj1iRoq" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260430_zUaonBYvBzjc" style="border-bottom: Black 1pt solid; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_znC4Jj45L7p2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify; padding-bottom: 2.5pt">Operating leases</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">81,815</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">96,223</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 Operating Lease liabilities are summarized below: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20260731_zx6i5A3YthI" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260430_zdlZqqWNyJaf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pp0p0_maOLLzLn9_z7eNvEP5TB88" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Operating lease, current portion</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">61,142</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">59,475</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0_maOLLzLn9_zUM2C6tmx7oj" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Operating lease, noncurrent portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">20,761</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">36,748</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiability_iTI_pp0p0_mtOLLzLn9_zZw7Fw7G3Yme" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total lease liability</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">81,903</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">96,223</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The weighted average remaining lease term for the operating leases is 1.39 years, and the weighted average incremental borrowing rate is 9.95% at July 31, 2026. The following table includes supplemental cash and non-cash information related to the Company’s leases: SCHEDULE OF SUPPLEMENTAL CASH AND NON-CASH INFORMATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260501__20260731_zWRbqH8MKzlj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250501__20250731_z6ux6IScuZh8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period ended July 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Cash paid for amounts included in the measurement of lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--OperatingLeasePayments_ztsnyhU6NYC9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Operating cash flows from operating lease</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">16,596</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">15,423</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--RightOfUseAssetObtainedUponLeaseModification_zOIpdnpkZDug" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Lease assets obtained upon lease modification</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">78,054</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_895_ecustom--LesseeNonCancelableOperatingLeaseLiabilityMaturityTableTextBlock_zRopkmwM6kF1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">The remaining minimum lease payments under non-cancelable operating leases at July 31, 2026, are as follows: SCHEDULE OF MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20260731_znRtzjKuch22" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_maLOLLPzTfs_zoi1kulBifKc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Year ended April 30, 2027- remainder</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">49,789</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzTfs_z0ksBQM1Pvsj" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Year ended April 30, 2028</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">38,281</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzTfs_zz1lyS3tKH1h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Total</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">88,070</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pp0p0_di_z7klhJLGNRtc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,167</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseLiability_iI_pp0p0_zl6QvmFBEqv1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total present value of lease liability</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">81,903</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

2027-04-30

1932

0.0995

2027-08-31

3600

0.0995

20599

19239

<p id="xdx_894_ecustom--ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock_zzFOeOwwcGvk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">Right-of- use assets are summarized below: SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION RELATED TO LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260731_z27dAj1iRoq" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49A_20260430_zUaonBYvBzjc" style="border-bottom: Black 1pt solid; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_znC4Jj45L7p2" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify; padding-bottom: 2.5pt">Operating leases</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">81,815</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right">96,223</td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 Operating Lease liabilities are summarized below: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_498_20260731_zx6i5A3YthI" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49E_20260430_zdlZqqWNyJaf" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">April 30, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_406_eus-gaap--OperatingLeaseLiabilityCurrent_iI_pp0p0_maOLLzLn9_z7eNvEP5TB88" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Operating lease, current portion</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">61,142</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">59,475</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_pp0p0_maOLLzLn9_zUM2C6tmx7oj" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Operating lease, noncurrent portion</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">20,761</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">36,748</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiability_iTI_pp0p0_mtOLLzLn9_zZw7Fw7G3Yme" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total lease liability</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">81,903</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">96,223</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

81815

96223

61142

59475

20761

36748

81903

96223

P1Y4M20D

0.0995

The following table includes supplemental cash and non-cash information related to the Company’s leases: SCHEDULE OF SUPPLEMENTAL CASH AND NON-CASH INFORMATION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49F_20260501__20260731_zWRbqH8MKzlj" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20250501__20250731_z6ux6IScuZh8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Period ended July 31,</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Cash paid for amounts included in the measurement of lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--OperatingLeasePayments_ztsnyhU6NYC9" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Operating cash flows from operating lease</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">16,596</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">15,423</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--RightOfUseAssetObtainedUponLeaseModification_zOIpdnpkZDug" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Lease assets obtained upon lease modification</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">78,054</td><td style="text-align: left"> </td></tr> </table>

16596

15423

78054 <p id="xdx_895_ecustom--LesseeNonCancelableOperatingLeaseLiabilityMaturityTableTextBlock_zRopkmwM6kF1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white">The remaining minimum lease payments under non-cancelable operating leases at July 31, 2026, are as follows: SCHEDULE OF MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20260731_znRtzjKuch22" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_maLOLLPzTfs_zoi1kulBifKc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Year ended April 30, 2027- remainder</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">49,789</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzTfs_z0ksBQM1Pvsj" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Year ended April 30, 2028</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">38,281</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzTfs_zz1lyS3tKH1h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Total</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">88,070</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pp0p0_di_z7klhJLGNRtc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less: imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(6,167</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseLiability_iI_pp0p0_zl6QvmFBEqv1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Total present value of lease liability</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">81,903</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

49789

38281

88070

6167

81903

NOTE 8 — RELATED PARTY TRANSACTIONS On November 25, 2024, the Company and Luke Norman Consulting Ltd. (“Norman Consulting”), an entity controlled by Luke Norman, entered into a consulting agreement. Mr. Norman has served as a member of the Company’s Board of Directors since May 2022. Pursuant to the terms of the consulting agreement, Mr. Norman agreed to provide services related to investor and strategic introductions for potential mergers and acquisitions and other potential and strategic relationships in exchange for an annual consulting fee of $<span id="xdx_901_eus-gaap--ProfessionalFees_pp0p0_c20241125__20241125__us-gaap--TypeOfArrangementAxis__custom--NovemberTwoThousandTwentyFourAgreementMember__srt--TitleOfIndividualAxis__srt--DirectorMember_zUhwsP71Pcd5" title="Consulting fee">250,000, which is payable in equal monthly installments. The agreement stated an initial term of 12 months and contained an automatic renewal provision unless terminated by the Company. Effective January 1, 2026, the annual consulting fee was increased to $<span id="xdx_90C_eus-gaap--ProfessionalFees_pp0p0_c20260101__20260101__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--TypeOfArrangementAxis__custom--NovemberTwoThousandTwentyFourAgreementMember_zxZelXxCJ7ec" title="Consulting fee">265,000. In addition, Norman Consulting is entitled to receive certain payments upon the occurrence of a “transformative transaction” (as defined in the November 2024 Agreement). The Company also agreed to compensate Norman Consulting for its past services to the Company for the period from March 2024 to October 2024 by (i) issuing <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_pid_c20250630__20250630__us-gaap--TypeOfArrangementAxis__custom--NovemberTwoThousandTwentyFourAgreementMember_zptXRpUd5K43" title="Restricted shares, issued">19,779 restricted shares of the Company’s common stock to Norman Consulting in June 2025 and (ii) paying a lump-sum cash payment of $<span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodValueIssuedForServices_pp0p0_c20241125__20241125__us-gaap--TypeOfArrangementAxis__custom--NovemberTwoThousandTwentyFourAgreementMember_zwIKqd90HMyg" title="Payment for consulting service">65,000 to Norman Consulting. The Company paid cash consulting fees to Norman Consulting of $66,250 and $62,500 during the three months ended July 31, 2026 and 2025, respectively. Additionally, as of July 31, 2026, the Company recorded accounts payable and accrued expenses totaling $<span id="xdx_90E_eus-gaap--AccountsPayableAndOtherAccruedLiabilities_iI_pp0p0_c20260731__us-gaap--TypeOfArrangementAxis__custom--NovemberTwoThousandTwentyFourAgreementMember_z7TqMnDfl9if" title="Accounts payable and accrued expenses">31,621 due to Norman Consulting that was included in accounts payable and accrued liabilities.

250000

265000

19779

65000

66250

62500

31621

NOTE 9 — WARRANT LIABILITY The Company has no warrant liability at July 31, 2026, and April 30, 2026, as all liability-classified warrants were exercised during fiscal 2026. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 Prior to exercise, the Company utilized a Monte Carlo Simulation model to estimate the fair values of the liability-classified warrants quarterly and recognized changes in the fair values in its unaudited condensed consolidated statements of operations or the audited consolidated statements of operations, as applicable, for the periods presented. In May 2025, the Company issued an aggregate of 870,000 shares of common stock upon the exercise of the 870,000 common stock purchase warrants and received proceeds of approximately $5,359,200. Also in May 2025, the Company issued an aggregate of <span id="xdx_903_ecustom--StockIssuedDuringPeriodSharesIssuanceOfCommonStockForCashlessExerciseOfStockWarrants_c20250501__20250531__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zGFOpE6viYTh" title="Issuance of common stock for cashless exercise of stock warrants">260,071 shares of common stock upon the cashless exercise of the 625,000 common stock purchase warrants. As a result, the then-fair value of the warrant liability on the date of exercise of $10,136,100 was reclassified into additional paid in capital, and the Company recognized a gain associated with the fair-value adjustment of the warrants of $1,495,000 in the accompanying unaudited condensed consolidated statements of operations for the three months ended July 31, 2025.

870000

5359200

260071

625000

10136100

-1495000

NOTE 10 — STOCKHOLDERS’ EQUITY As of July 31, 2026, authorized capital stock consisted of 200,000,000 shares of common stock, par value $0.001 per share, and 50,000,000 shares of “blank check” preferred stock, par value $0.001 per share, of which <span id="xdx_90A_eus-gaap--PreferredStockSharesAuthorized_iI_c20260731__us-gaap--StatementClassOfStockAxis__custom--SeriesAConvertiblePreferredStockMember_zzwlT2FL5H6j" title="Preferred stock, shares designated">1,300,000 shares are designated as Series A Convertible Preferred Stock, <span id="xdx_905_eus-gaap--PreferredStockSharesAuthorized_iI_c20260731__us-gaap--StatementClassOfStockAxis__custom--SeriesBConvertiblePreferredStockMember_zkPQdhJlfaZf" title="Preferred stock, shares designated">400,000 shares are designated as Series B Convertible Preferred Stock, <span id="xdx_905_eus-gaap--PreferredStockSharesAuthorized_iI_c20260731__us-gaap--StatementClassOfStockAxis__custom--SeriesCConvertiblePreferredStockMember_zCksWM19kqhe" title="Preferred stock, shares designated">45,002 shares are designated as Series C Convertible Preferred Stock, <span id="xdx_909_eus-gaap--PreferredStockSharesAuthorized_iI_c20260731__us-gaap--StatementClassOfStockAxis__custom--SeriesDConvertiblePreferredStockMember_zoRM9gzwlqzc" title="Preferred stock, shares designated">7,402 shares are designated as Series D Convertible Preferred Stock, <span id="xdx_90E_eus-gaap--PreferredStockSharesAuthorized_iI_c20260731__us-gaap--StatementClassOfStockAxis__custom--SeriesEConvertiblePreferredStockMember_zZ2UUTrCDNN7" title="Preferred stock, shares designated">2,500 shares are designated as Series E Convertible Preferred Stock, 1,250 shares are designated as Series F Preferred Stock, 127 shares are designated as Series G Preferred Stock, 106,894 shares are designated as Series H Preferred Stock, and 921,666 shares are designated as Series I Preferred Stock. The Company’s Board has the authority, without further action by the stockholders, to issue shares of preferred stock in one or more series and to fix the rights, preferences, privileges and restrictions granted to or imposed upon the preferred stock. There were no shares of Preferred Stock outstanding as of July 31, 2026, and April 30, 2026. Common Stock Issuances, Restricted Stock Awards, and RSUs/DSUs Granted for Services On May 22, 2026, the Company issued <span id="xdx_904_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_pid_c20260522__20260522__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember__srt--TitleOfIndividualAxis__srt--DirectorMember_zhpwta8Ilfd" title="Deferred stock units issued for services">2,822 deferred stock units (DSUs) to a director of the Company for future services. The <span id="xdx_90C_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_pid_c20260522__20260522__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember__srt--TitleOfIndividualAxis__srt--DirectorMember_zP2HblTSnSoc" title="Deferred stock units issued for services">2,822 DSUs had a fair value of $<span id="xdx_905_eus-gaap--StockIssuedDuringPeriodValueIssuedForServices_pid_c20260522__20260522__srt--TitleOfIndividualAxis__srt--DirectorMember__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember_zBwptnJp2EN2" title="Deferred stock units issued for services fair value">43,685, or $<span id="xdx_90D_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20260522__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember__srt--TitleOfIndividualAxis__srt--DirectorMember_z5Rmdrwc90ff" title="Share issued price per share">15.48 per share, based on the quoted trading price on the date of grant. The DSUs vest one year from the date of issuance. On May 22, 2026, the Company issued <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_pid_c20260522__20260522__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember__srt--TitleOfIndividualAxis__custom--ConsultantMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zl0NtAuMeVT6" title="Deferred stock units issued for services">1,651 deferred stock units (DSUs) to a consultant of the Company for future services. The <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_pid_c20260522__20260522__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember__srt--TitleOfIndividualAxis__custom--ConsultantMember_z4h07eLsvCli" title="Deferred stock units issued for services">1,651 DSUs had a fair value of $<span id="xdx_901_eus-gaap--StockIssuedDuringPeriodValueIssuedForServices_pid_c20260522__20260522__srt--TitleOfIndividualAxis__custom--ConsultantMember__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zKJ1yc7FyfO3" title="Deferred stock units issued for services fair value">25,558, or $<span id="xdx_90A_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20260522__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember__srt--TitleOfIndividualAxis__custom--ConsultantMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_z5bxb2tm6VHk" title="Share issued price per share">15.48 per share, based on the quoted trading price on the date of grant. The DSUs vest one year from the date of issuance. <p id="xdx_897_eus-gaap--ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_z4kLkUBIBlxg" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0">Stock-based compensation expense for services (RSUs and DSUs) was recorded in the following amounts as reflected in the unaudited condensed consolidated statements of operations, depending on the recipient of the award: SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE FOR SERVICES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260501__20260731__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsAndDeferredStockUnitsMember_zkxx9xXrvjf7" style="border-bottom: Black 1pt solid; text-align: center">For the three months ended July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250501__20250731__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsAndDeferredStockUnitsMember_zLNuk4wdidib" style="border-bottom: Black 1pt solid; text-align: center">For the three months ended July 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_400_ecustom--CompensationAndRelatedTaxes_z1KK53YPwEkb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Compensation and related taxes</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">320,866</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">49,270</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--ProfessionalAndConsultingFees_z1DfugA3YGxf" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Professional and consulting fees</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">119,795</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,997</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--ShareBasedCompensation_zb1dNqxkGbCh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">440,641</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">55,267</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> As of July 31, 2026, there were <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iI_c20260731__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z9rC1naFB4G" title="Number of unvested outstanding">73,250 unvested RSUs and <span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iI_c20260731__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember_zVkqKD3u9Yq6" title="Number of unvested outstanding">35,548 unvested DSUs outstanding, with a total unvested compensation expense of $1,035,392 remaining to be expensed as further future vesting occurs. As of July 31, 2026, there were 522,196 vested RSUs and 44,265 vested DSUs that had been awarded but had not yet been converted into common stock. In total, <span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_iI_c20260731__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z3gAxOz82QM6" title="Number of vested and unvested, remained outstanding"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_iI_c20260731__us-gaap--AwardTypeAxis__custom--DeferredStockUnitsMember_zQYYVb5al6vf" title="Number of vested and unvested, remained outstanding">675,259 RSUs and DSUs, both vested and unvested, remained outstanding as of July 31, 2026. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 A summary of the changes in RSUs and DSUs outstanding during the three months ended July 31, 2026, follows: SCHEDULE OF ACTIVITY RESTRICTED AND DEFERRED STOCK UNITS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restricted and Deferred Stock Units</td><td style="text-align: center; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Grant-Date Fair Value Per Share</td><td style="text-align: center; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: justify">Balance at April 30, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_c20260501__20260731_zgBaFeLN5D5i" style="width: 18%; text-align: right" title="Restricted and deferred stock units, beginning balance">670,786</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_c20260501__20260731_zG7G5mTH6whe" style="width: 18%; text-align: right" title="Weighted average grant date fair value, beginning balance">10.81</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20260501__20260731_zE5HO3qjwsCa" style="text-align: right" title="Restricted and deferred stock units, granted">4,473</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20260501__20260731_zBPC2TMXCaq5" style="text-align: right" title="Weighted average grant date fair value, granted">15.48</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Vested and converted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_di_c20260501__20260731_zSsUbKW3Qe6h" style="border-bottom: Black 2.5pt double; text-align: right" title="Restricted and deferred stock units,vested and converted">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_c20260501__20260731_z4CkyrjY5yDf" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average grant date fair value, vested and converted">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 2.5pt">Balance at July 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20260501__20260731_zAXPZrUb2Yte" style="border-bottom: Black 2.5pt double; text-align: right" title="Restricted and deferred stock units, ending balance">675,259</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_c20260501__20260731_znjR0DW0ItE3" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average grant date fair value, ending balance">10.84</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Equity Incentive Plan In August 2017, the Board approved the Company’s 2017 Equity Incentive Plan (the “2017 Plan”) including the reservation of <span id="xdx_907_eus-gaap--CommonStockCapitalSharesReservedForFutureIssuance_iI_c20170831__us-gaap--PlanNameAxis__custom--TwoThousandAndSeventeenEquityIncentivePlanMember_zLwbrpncsKVd" title="Common stock reservation of shares">165,000 shares of common stock thereunder. On August 6, 2019, the Board approved and adopted, subject to stockholder approval, the 2020 Stock Incentive Plan (the “2020 Plan”). The 2020 Plan initially reserved <span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_c20190806__us-gaap--PlanNameAxis__custom--TwoThousandTwentyIncentivePlanMember_zRnaZ1HtwRV7" title="Common stock reservation of shares">330,710 shares for future issuance to officers, directors, employees and contractors as directed from time to time by the Compensation Committee of the Board. The 2020 Plan was approved by a vote of stockholders at the 2019 annual meeting. With the approval and effectivity of the 2020 Plan, no further grants will be made under the 2017 Plan. On August 31, 2020, the Board approved and adopted, subject to stockholder approval, an amendment (the “2020 Plan Amendment”) to the 2020 Plan. The 2020 Plan Amendment increased the number of shares of common stock available for issuance pursuant to awards under the 2020 Plan by an additional <span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_c20200831__us-gaap--PlanNameAxis__custom--TwoThousandTwentyIncentivePlanAmendmentMember_zWgNEHMVwdJc" title="Number of shares available for issuance">836,385, to a total of 1,167,095 shares of the Company’s common stock. The 2020 Plan Amendment was approved by the Company’s stockholders on November 9, 2020. On December 16, 2022, the Company’s stockholders approved another amendment to the 2020 Plan increasing the number of shares of common stock available for issuance pursuant to awards under the 2020 Plan by an additional <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant_iI_c20221216__us-gaap--PlanNameAxis__custom--TwoThousandTwentyIncentivePlanMember_zN2M1MA13kFh" title="Number of shares available for issuance">1,252,476 shares, to a total of 2,419,571 shares of the Company’s common stock. Stock options The following is a summary of the Company’s stock option activity during the three months ended July 31, 2026: SCHEDULE OF STOCK OPTION ACTIVITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Number of Options</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Exercise Price</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Remaining Contractual Life (Years)</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Balance at April 30, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_ze2z8RTfCbk5" style="width: 14%; text-align: right" title="Number of Options Outstanding, Beginning of Period">548,056</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_znJ8F1iMALNj" style="width: 14%; text-align: right" title="Weighted Average Exercise Price Outstanding, Beginning of Period">9.34</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250501__20250731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_znfOeMzenSn1" title="Weighted Average Remaining Contractual Life (Years)">3.16</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zCYo2XPAomTk" style="text-align: right" title="Number of Options, Granted">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zBfINmheCWt" style="text-align: right" title="Weighted Average Exercise Price, Granted">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z7UB4uDQHcYd" style="text-align: right" title="Number of Options, Exercised">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zPPPqVxmKeZ9" style="text-align: right" title="Weighted Average Exercise Price, Exercised">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Forfeited</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z5DndustF9oc" style="text-align: right" title="Number of Options, Forfeited">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zsHYT2ApFmhi" style="text-align: right" title="Weighted Average Exercise Price, Forfeited">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Cancelled</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zH4F1Z8SrtA4" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options, Cancelled">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zqbjFqgqGNj6" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted Average Exercise Price, Cancelled">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Balance at July 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zlZkETTQodDg" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of Options Outstanding, Ending of Period">548,056</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z5T93FjaGh01" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price Outstanding, Ending of Period">9.34</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_za7dA5xmYyP3" title="Weighted Average Remaining Contractual Life (Years)">2.91</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Options exercisable at end of period</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zhNDhsMKXiO4" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of Options Exercisable at End of Period">438,468</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zsa9JIa4m23j" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Options Exercisable at End of Period">6.86</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Options expected to vest</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zZy8ax90FBKc" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of Options expected to Vest">109,588</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zUZep2CVeYh" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Options Expected to Vest">19.24</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Weighted average fair value of options granted during the period</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z1ubHWoa8y5e" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Weighted Average Fair Value of Options Granted">—</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> At July 31, 2026, and April 30, 2026, the aggregate intrinsic value of options outstanding and exercisable was approximately $<span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iI_c20260731_zUvPNPesw1gf" title="Aggregate intrinsic value of options outstanding"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_iI_c20260731_zyoebmsAbxKl" title="Aggregate intrinsic value of options exercisable">2,682,000 and $<span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue_iI_c20260430_zK81dtwvOxbd" title="Aggregate intrinsic value of options outstanding"><span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_iI_c20260430_zlQDZlPb8Cd4" title="Aggregate intrinsic value of options exercisable">4,190,000, respectively. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 <p id="xdx_89E_ecustom--ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedForStockOptionCostsTableTextBlock_zzR1M3cXXhNg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Stock-based expense for stock options was recorded in the following amounts as reflected in the unaudited condensed consolidated statements of operations, depending on the recipient of the award: SCHEDULE OF STOCK BASED EXPENSE FOR STOCK OPTION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260501__20260731_z210GxRpZ4Ie" style="border-bottom: Black 1pt solid; text-align: center">For the three months ended July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250501__20250731_zY8EgutyS0Tf" style="border-bottom: Black 1pt solid; text-align: center">For the three months ended July 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_409_ecustom--StockOptionPlanExpenseOnGeneralAndAdministration_maSOPEzPYC_zczAjrsZzLwg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Compensation and related taxes</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">119,325</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">43,071</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--StockOptionPlanExpenseOnProfessionalAndConsultingFees_maSOPEzPYC_zHjQu5UzYEB9" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Professional and consulting fees</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">203,638</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">36,675</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--StockOptionPlanExpense_iT_mtSOPEzPYC_zMFpiYoyrnxf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">322,963</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">79,746</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> A balance of $560,557 remains to be expensed over future vesting periods related to unvested stock options issued for services to be expensed over a weighted average period of 0.48 years. Stock Warrants A summary of the Company’s outstanding warrants to purchase shares of common stock as of July 31, 2026, and the changes during the period are presented below: SCHEDULE OF STOCK WARRANT ACTIVITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Number of Warrants</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Exercise Price</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Remaining Contractual Life (Years)</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%">Balance at April 30, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20260501__20260731_zL9R2ng3ESwh" style="width: 14%; text-align: right" title="Number of warrants, outstanding beginning balance">3,165,583</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_c20260501__20260731_z7wzD8ixDUl4" style="width: 16%; text-align: right" title="Weighted Average exercise price, outstanding beginning balance">12.38</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250501__20250731_z6XkHh6KN3oe" style="width: 18%; text-align: right" title="Weighted average remaining contractual life in years, beginning of period">2.05</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20260501__20260731_zEvfddE4cVFb" style="text-align: right" title="Number of warrants, granted">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice_c20260501__20260731_zFnOuwimGtE7" style="text-align: right" title="Weighted average exercise price, granted">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_c20260501__20260731_zVtaUMyrrJc3" style="text-align: right" title="Number of warrants, exercised">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageExercisePrice_c20260501__20260731_zqlnz5y9fCZ3" style="text-align: right" title="Weighted average exercise price, exercised">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Forfeited</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures_iN_di_c20260501__20260731_zfqUYq0O6Uc9" style="text-align: right" title="Number of warrants, forfeited">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeitedInPeriodWeightedAverageExercisePrice_c20260501__20260731_zdfstW5RM4Pk" style="text-align: right" title="Weighted average exercise price, forfeited">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Canceled</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_c20260501__20260731_zGRfOBYBfvBf" style="border-bottom: Black 1pt solid; text-align: right" title="Number of warrants, canceled">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsCanceledInPeriodWeightedAverageExercisePrice_c20260501__20260731_zO6gtMx7uXo2" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, canceled">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Warrants Outstanding at July 31, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20260501__20260731_zqoYXXLXXHa5" style="border-bottom: Black 1pt solid; text-align: right" title="Number of warrants, outstanding ending balance">3,165,583</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iE_c20260501__20260731_z9FptoBXn491" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, outstanding ending balance">12.38</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsWarrantsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260501__20260731_zTKPTRmAEuqe" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average remaining contractual life in years, ending of period">1.80</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Warrants exercisable at end of period</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisable_iE_c20260501__20260731_zVSIsKDhHVH6" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, exercisable ending balance">3,165,583</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableWeightedAverageExercisePrice_iE_c20260501__20260731_z6q652MWGQ41" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, exercisable ending balance">12.38</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_907_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260501__20260731_zDXDoKmEK7e2" title="Warrants exercisable at end of period">1.80</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Weighted average fair value of warrants granted during the period</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageFairValueOfWarrantsGrantedExercisePrice_iE_c20260501__20260731_zKzitCvcyL2c" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average fair value of warrants granted during the period">—</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> As of July 31, 2026, and April 30, 2026, the aggregate intrinsic value of warrants outstanding and exercisable was approximately $<span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding_iI_c20260731_za7onLWaFb3j" title="Aggregate intrinsic value of warrants outstanding"><span id="xdx_90F_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercisable_iI_c20260731_ze3vjbg8X9tl" title="Aggregate intrinsic value of warrants exercisable">12,034,000 and $<span id="xdx_901_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding_iI_c20260430_zXM8xGpJWxe2" title="Aggregate intrinsic value of warrants outstanding"><span id="xdx_900_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercisable_iI_c20260430_zCnDEVsR7lH1" title="Aggregate intrinsic value of warrants exercisable">19,104,000, respectively.

200000000

0.001

50000000

0.001

1300000

400000

45002

7402

2500

1250

127

106894

921666

2822

43685

15.48

1651

25558

15.48

<p id="xdx_897_eus-gaap--ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock_z4kLkUBIBlxg" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0">Stock-based compensation expense for services (RSUs and DSUs) was recorded in the following amounts as reflected in the unaudited condensed consolidated statements of operations, depending on the recipient of the award: SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE FOR SERVICES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_490_20260501__20260731__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsAndDeferredStockUnitsMember_zkxx9xXrvjf7" style="border-bottom: Black 1pt solid; text-align: center">For the three months ended July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_497_20250501__20250731__us-gaap--AwardTypeAxis__custom--RestrictedStockUnitsAndDeferredStockUnitsMember_zLNuk4wdidib" style="border-bottom: Black 1pt solid; text-align: center">For the three months ended July 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_400_ecustom--CompensationAndRelatedTaxes_z1KK53YPwEkb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Compensation and related taxes</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">320,866</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">49,270</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--ProfessionalAndConsultingFees_z1DfugA3YGxf" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Professional and consulting fees</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">119,795</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">5,997</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--ShareBasedCompensation_zb1dNqxkGbCh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">440,641</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">55,267</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

320866 49270 119795 5997

440641

55267

73250

35548

1035392

522196 44265

675259

A summary of the changes in RSUs and DSUs outstanding during the three months ended July 31, 2026, follows: SCHEDULE OF ACTIVITY RESTRICTED AND DEFERRED STOCK UNITS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Restricted and Deferred Stock Units</td><td style="text-align: center; padding-bottom: 1pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted Average Grant-Date Fair Value Per Share</td><td style="text-align: center; padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 56%; text-align: justify">Balance at April 30, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_c20260501__20260731_zgBaFeLN5D5i" style="width: 18%; text-align: right" title="Restricted and deferred stock units, beginning balance">670,786</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iS_c20260501__20260731_zG7G5mTH6whe" style="width: 18%; text-align: right" title="Weighted average grant date fair value, beginning balance">10.81</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20260501__20260731_zE5HO3qjwsCa" style="text-align: right" title="Restricted and deferred stock units, granted">4,473</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20260501__20260731_zBPC2TMXCaq5" style="text-align: right" title="Weighted average grant date fair value, granted">15.48</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Vested and converted</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_iN_di_c20260501__20260731_zSsUbKW3Qe6h" style="border-bottom: Black 2.5pt double; text-align: right" title="Restricted and deferred stock units,vested and converted">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_c20260501__20260731_z4CkyrjY5yDf" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average grant date fair value, vested and converted">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 2.5pt">Balance at July 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_c20260501__20260731_zAXPZrUb2Yte" style="border-bottom: Black 2.5pt double; text-align: right" title="Restricted and deferred stock units, ending balance">675,259</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_iE_c20260501__20260731_znjR0DW0ItE3" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average grant date fair value, ending balance">10.84</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

670786

10.81

4473

15.48

675259

10.84

165000

330710

836385

1167095

1252476

2419571

The following is a summary of the Company’s stock option activity during the three months ended July 31, 2026: SCHEDULE OF STOCK OPTION ACTIVITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Number of Options</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Exercise Price</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Remaining Contractual Life (Years)</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 44%">Balance at April 30, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_ze2z8RTfCbk5" style="width: 14%; text-align: right" title="Number of Options Outstanding, Beginning of Period">548,056</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_znJ8F1iMALNj" style="width: 14%; text-align: right" title="Weighted Average Exercise Price Outstanding, Beginning of Period">9.34</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250501__20250731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_znfOeMzenSn1" title="Weighted Average Remaining Contractual Life (Years)">3.16</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zCYo2XPAomTk" style="text-align: right" title="Number of Options, Granted">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zBfINmheCWt" style="text-align: right" title="Weighted Average Exercise Price, Granted">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt">Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--StockIssuedDuringPeriodSharesStockOptionsExercised_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z7UB4uDQHcYd" style="text-align: right" title="Number of Options, Exercised">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zPPPqVxmKeZ9" style="text-align: right" title="Weighted Average Exercise Price, Exercised">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt">Forfeited</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_iN_di_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z5DndustF9oc" style="text-align: right" title="Number of Options, Forfeited">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zsHYT2ApFmhi" style="text-align: right" title="Weighted Average Exercise Price, Forfeited">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; padding-bottom: 1pt">Cancelled</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zH4F1Z8SrtA4" style="border-bottom: Black 1pt solid; text-align: right" title="Number of Options, Cancelled">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zqbjFqgqGNj6" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted Average Exercise Price, Cancelled">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Balance at July 31, 2026</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zlZkETTQodDg" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of Options Outstanding, Ending of Period">548,056</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z5T93FjaGh01" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price Outstanding, Ending of Period">9.34</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_900_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_za7dA5xmYyP3" title="Weighted Average Remaining Contractual Life (Years)">2.91</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Options exercisable at end of period</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zhNDhsMKXiO4" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of Options Exercisable at End of Period">438,468</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zsa9JIa4m23j" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Options Exercisable at End of Period">6.86</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt">Options expected to vest</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_984_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zZy8ax90FBKc" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of Options expected to Vest">109,588</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_987_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_iE_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zUZep2CVeYh" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Options Expected to Vest">19.24</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Weighted average fair value of options granted during the period</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20260501__20260731__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z1ubHWoa8y5e" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted Average Exercise Price, Weighted Average Fair Value of Options Granted">—</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

548056

9.34

P3Y1M28D

548056

9.34

P2Y10M28D

438468

6.86

109588

19.24

2682000

4190000

<p id="xdx_89E_ecustom--ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedForStockOptionCostsTableTextBlock_zzR1M3cXXhNg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Stock-based expense for stock options was recorded in the following amounts as reflected in the unaudited condensed consolidated statements of operations, depending on the recipient of the award: SCHEDULE OF STOCK BASED EXPENSE FOR STOCK OPTION <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_492_20260501__20260731_z210GxRpZ4Ie" style="border-bottom: Black 1pt solid; text-align: center">For the three months ended July 31, 2026</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49D_20250501__20250731_zY8EgutyS0Tf" style="border-bottom: Black 1pt solid; text-align: center">For the three months ended July 31, 2025</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_409_ecustom--StockOptionPlanExpenseOnGeneralAndAdministration_maSOPEzPYC_zczAjrsZzLwg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Compensation and related taxes</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">119,325</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">43,071</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--StockOptionPlanExpenseOnProfessionalAndConsultingFees_maSOPEzPYC_zHjQu5UzYEB9" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1pt">Professional and consulting fees</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">203,638</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">36,675</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--StockOptionPlanExpense_iT_mtSOPEzPYC_zMFpiYoyrnxf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">322,963</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">79,746</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 119325 43071 203638 36675

322963

79746

560557

P0Y5M23D

A summary of the Company’s outstanding warrants to purchase shares of common stock as of July 31, 2026, and the changes during the period are presented below: SCHEDULE OF STOCK WARRANT ACTIVITY <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Number of Warrants</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Exercise Price</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">Weighted Average Remaining Contractual Life (Years)</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 40%">Balance at April 30, 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_986_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iS_c20260501__20260731_zL9R2ng3ESwh" style="width: 14%; text-align: right" title="Number of warrants, outstanding beginning balance">3,165,583</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iS_c20260501__20260731_z7wzD8ixDUl4" style="width: 16%; text-align: right" title="Weighted Average exercise price, outstanding beginning balance">12.38</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20250501__20250731_z6XkHh6KN3oe" style="width: 18%; text-align: right" title="Weighted average remaining contractual life in years, beginning of period">2.05</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Granted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_c20260501__20260731_zEvfddE4cVFb" style="text-align: right" title="Number of warrants, granted">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsGrantsInPeriodWeightedAverageExercisePrice_c20260501__20260731_zFnOuwimGtE7" style="text-align: right" title="Weighted average exercise price, granted">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Exercised</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_c20260501__20260731_zVtaUMyrrJc3" style="text-align: right" title="Number of warrants, exercised">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsExercisedInPeriodWeightedAverageExercisePrice_c20260501__20260731_zqlnz5y9fCZ3" style="text-align: right" title="Weighted average exercise price, exercised">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Forfeited</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures_iN_di_c20260501__20260731_zfqUYq0O6Uc9" style="text-align: right" title="Number of warrants, forfeited">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsForfeitedInPeriodWeightedAverageExercisePrice_c20260501__20260731_zdfstW5RM4Pk" style="text-align: right" title="Weighted average exercise price, forfeited">—</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">—</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1pt">Canceled</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations_c20260501__20260731_zGRfOBYBfvBf" style="border-bottom: Black 1pt solid; text-align: right" title="Number of warrants, canceled">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementsByShareBasedPaymentAwardNonOptionsCanceledInPeriodWeightedAverageExercisePrice_c20260501__20260731_zO6gtMx7uXo2" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, canceled">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Warrants Outstanding at July 31, 2026</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_iE_c20260501__20260731_zqoYXXLXXHa5" style="border-bottom: Black 1pt solid; text-align: right" title="Number of warrants, outstanding ending balance">3,165,583</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice_iE_c20260501__20260731_z9FptoBXn491" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average exercise price, outstanding ending balance">12.38</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsWarrantsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260501__20260731_zTKPTRmAEuqe" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average remaining contractual life in years, ending of period">1.80</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Warrants exercisable at end of period</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisable_iE_c20260501__20260731_zVSIsKDhHVH6" style="border-bottom: Black 2.5pt double; text-align: right" title="Number of warrants, exercisable ending balance">3,165,583</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsExercisableWeightedAverageExercisePrice_iE_c20260501__20260731_z6q652MWGQ41" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average exercise price, exercisable ending balance">12.38</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_907_ecustom--SharebasedCompensationArrangementBySharebasedPaymentAwardNonOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260501__20260731_zDXDoKmEK7e2" title="Warrants exercisable at end of period">1.80</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 2.5pt">Weighted average fair value of warrants granted during the period</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercisableWeightedAverageFairValueOfWarrantsGrantedExercisePrice_iE_c20260501__20260731_zKzitCvcyL2c" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average fair value of warrants granted during the period">—</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt; text-align: right"> </td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

3165583

12.38 P2Y18D

3165583

12.38 P1Y9M18D 3165583 12.38 P1Y9M18D

12034000

19104000

NOTE 11 — NET LOSS PER COMMON SHARE Net loss per share of common stock is calculated in accordance with ASC 260, Earnings Per Share. Basic loss per share is computed by dividing net loss available to common stockholder, by the weighted average number of shares of common stock outstanding during the period. In periods where the Company recognizes a net loss, all dilutive securities are excluded. The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss. <p id="xdx_892_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zV2lJthThrob" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20260501__20260731_zyecXaonjyTc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250501__20250731_zoD368qK5tE7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">July 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Common stock equivalents:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--RestrictedAndDeferredStockUnitsMember_z0OjlDom7GI5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Restricted and deferred stock units</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">675,259</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">586,461</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--EmployeeStockOptionMember_zIycjmZfSbr7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Stock options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">548,056</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">450,991</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zzj93skh3Vij" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Stock warrants</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,165,583</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,780,060</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zkxg5mfRJKD6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">4,388,898</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">3,817,512</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026

<p id="xdx_892_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_zV2lJthThrob" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_49C_20260501__20260731_zyecXaonjyTc" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">July 31, 2026</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_493_20250501__20250731_zoD368qK5tE7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">July 31, 2025</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Common stock equivalents:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--RestrictedAndDeferredStockUnitsMember_z0OjlDom7GI5" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 60%; text-align: left">Restricted and deferred stock units</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">675,259</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">586,461</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--EmployeeStockOptionMember_zIycjmZfSbr7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-align: left">Stock options</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">548,056</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">450,991</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_hus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zzj93skh3Vij" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 1pt">Stock warrants</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,165,583</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">2,780,060</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_zkxg5mfRJKD6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">4,388,898</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right">3,817,512</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

675259

586461

548056

450991

3165583

2780060

4388898

3817512

NOTE 12 — COMMITMENTS AND CONTINGENCIES Mining Leases The CK Gold property position consists of two State of Wyoming Metallic and Non-metallic Rocks and Minerals Mining Leases: (1) State of Wyoming Mining Lease No. 0-40828, consisting of 640 acres, and (2) State of Wyoming Mining Lease No. 0-40858 consisting of 480 acres. These leases were assigned to the Company in July 2014 through the acquisition of the CK Gold Project. Leases to explore for or use natural resources are outside the scope of ASU 2016-02, Leases. Lease 0-40828 was renewed in February 2023 for a 10 ten-year term and Lease 0-40858 was renewed for a <span id="xdx_90B_eus-gaap--LesseeOperatingLeaseRenewalTerm_iI_dtY_c20240228__us-gaap--TypeOfArrangementAxis__custom--StateOfWyomingMiningLeaseTwoMember_z43GHV3f6J0e" style="display: none" title="Lease renewal term">10 ten-year term in February 2024. Lease 0-40828 requires an annual payment of $3.00 per acre starting with the year beginning February 2023 and Lease 0-40858 requires an annual payment of $3.00 per acre starting with the year beginning February 2024. The Company paid yearly required minimum lease payments of $3,360 in each of January 2025 and January 2026. In connection with the Wyoming Mining Leases, production royalties of 2.1% of net receipts are required to be paid to the State of Wyoming, although once the project is in operation, the Board of Land Commissioners has the authority to reduce the royalty payable to the State of Wyoming. <p id="xdx_890_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_hus-gaap--TypeOfArrangementAxis__custom--MiningLeasesMember_zARi1LDjvcAa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The future minimum lease payments at July 31, 2026, under these mining leases are as follows, with each payment to be made in the fourth quarter of the respective fiscal years: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20260731__us-gaap--LeaseContractualTermAxis__custom--MiningLeasesMember_zHwRn5Y3pNu1" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maOLFMPzEBw_zvhUWpb2iSN5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Fiscal 2027</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">3,360</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maOLFMPzEBw_zrHX3LebuIB" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maOLFMPzEBw_zNxxyK8XYEIh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maOLFMPzEBw_zayxSAHcFQ4i" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_maOLFMPzEBw_zCa0wZQgxkIb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2031</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_maOLFMPzEBw_zMy1LiXR8lkc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Fiscal 2032 and thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,800</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pp0p0_mtOLFMPzEBw_z7syx4zRcKS7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">21,600</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> The Company may renew each lease for a fourth term, which will require annual payments of $4.00 per acre. NPRC option: The Company acquired from Northern Panther Resources Corporation (“NPRC”) a mineral property called Challis Gold located in Idaho pursuant to an option agreement dated February 2020, which was later amended in June 2020. The Company paid the minimum royalty payment of $25,000 in June 2025 for fiscal year 2026. The Company paid the minimum royalty payment of $25,000 in June 2026 for fiscal year 2027. The annual advance minimum royalty payments as of July 31, 2026, under the option agreement are as follows, with each payment to be made on the first anniversary of the effective date of the option agreement and continuing until the tenth anniversary: SCHEDULE OF ADVANCE MINIMUM ROYALTY PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20260731_zs4OwyhyiVR4" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--AdvanceMininumRoyaltyPaymentsYearTwo_iI_pp0p0_maAMRPziUZ_zmkIBzGOtb5g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Fiscal 2028</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">25,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--AdvanceMininumRoyaltyPaymentsYearThree_iI_pp0p0_maAMRPziUZ_z2bBHdeshHf6" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--AdvanceMininumRoyaltyPaymentsYearFour_iI_pp0p0_maAMRPziUZ_z52gpMep9JSl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AdvanceMininumRoyaltyPaymentsYearFive_iI_pp0p0_maAMRPziUZ_zT6UFGAGZBn4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Fiscal 2031</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">25,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--AdvanceMininumRoyaltyPayments_iTI_pp0p0_mtAMRPziUZ_z5wST3NZWRLk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">100,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 100% of the advance minimum royalty payments will be applied to the royalty credits. Exploration Access and Option to Lease Agreement On August 25, 2021 (“Effective Date”), the Company entered into an Exploration Access and Option to Lease Agreement (the “Agreement”) with a private-party landowner (the “Landowner”) whereby the Landowner granted the Company an option (the “Option”) to lease and right-of-way (the “Right-of-Way”) on a property located in Laramie County, Wyoming. The Company may exercise the Option for five years (“Option Term”) from the Effective Date. During the Option, the Landowner granted non-exclusive rights (the “Exploration Access Rights”) to the Company to use the surface of the property for an annual exploration and access right payment of $<span id="xdx_90A_eus-gaap--CarryingCostsPropertyAndExplorationRights_c20210825__20210825__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zbuFpHkR3t2l" title="Annual exploration and access right payment">10,000, thirty days after the effective date and each year on the anniversary of the Effective Date during the Option Term until such time the Option is exercised or expires. The Company is also required to pay an annual Option payment of $<span id="xdx_90F_eus-gaap--VariableLeasePayment_c20210825__20210825__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zjY7T1uBPCXj" title="Annual option payment">35,780 for the lease and $<span id="xdx_909_ecustom--LeasePaymentOfEachYearAnniversary_c20210825__20210825__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zKX6qOR8qdmc" title="Right of way on property anniversary lease payments">6,560 for the Right-of-Way within thirty days after the Effective Date and each year on the anniversary of the Effective Date during the Option Term until such time the Option is exercised by the Company or expires. The Company paid a total of $<span id="xdx_901_eus-gaap--OperatingLeasePayments_c20210901__20210901__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zHaNJycjKJOf" title="Lease amount paid"><span id="xdx_903_eus-gaap--OperatingLeasePayments_c20220901__20220901__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zbE8yk6jUuHk" title="Lease amount paid"><span id="xdx_904_eus-gaap--OperatingLeasePayments_c20230901__20230901__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zpGWm4FW0i11" title="Lease amount paid"><span id="xdx_90C_eus-gaap--OperatingLeasePayments_c20240901__20240901__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_z3eO6larnZ5" title="Lease amount paid"><span id="xdx_900_eus-gaap--OperatingLeasePayments_c20250901__20250901__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zssAkPLjolyg" title="Lease amount paid">42,340 for each of the periods ended on September 1, 2021, 2022, 2023, 2024 and 2025, pursuant to this Agreement. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2026 At any time during the Option Term, the Company may exercise the Option by providing a written notice to the Landowner and the Company shall pay a one-time right-of-way payment of $<span id="xdx_90B_ecustom--ClosingAmountOfOneTimeRightWayPayment_c20210825__20210825__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zxy7rP7qCbw1" title="One-time right-of-way payment at closing">26,240 at closing and shall execute a lease agreement. <span id="xdx_90E_eus-gaap--LesseeOperatingLeaseOptionToExtend_c20210825__20210825__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zTrXWidqmfm4" title="Operating lease, option to extend">The exclusive option to lease (the “Lease”) and Right-of-Way is for a term of ten years with the right to extend for an additional ten years and requires an annual lease payment of $<span id="xdx_905_eus-gaap--OperatingLeasePayments_c20210825__20210825__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zmW51gtvpcw7" title="Annual lease payment">50,000, compensation for loss of grazing of $40.00 per acre impacted land and annual Right-of-Way payments of $<span id="xdx_907_eus-gaap--PaymentsToAcquireLand_pp0p0_c20210825__20210825__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zVMcCHdq9Ju8" title="Annual right of way payments">13,120. In consideration for the option rights, lease rights and Right-of-Way rights under this Agreement, the Company agreed to grant the Landowner shares of the Company’s common stock worth $<span id="xdx_90B_ecustom--LeaseRightPaymentToGrantLandOwners_c20210825__20210825__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_znJtuLdxNFce" title="Granted the shares of common stock vaue">50,000, which shares will not vest, or be issued, until the Company executes the Lease. On March 13, 2026, the Company exercised its Option and paid a one-time Right-of-Way fee of $<span id="xdx_90D_ecustom--ClosingAmountOfOneTimeRightWayPayment_c20260313__20260313__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zCzkxYf2mbh2" title="One-time right-of-way payment at closing">26,240, an annual lease payment of $<span id="xdx_90C_eus-gaap--OperatingLeasePayments_pp0p0_c20260313__20260313__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zPq43QnAyg5k" title="Annual lease payment">50,000, an annual Right-of-Way fee of $<span id="xdx_903_eus-gaap--PaymentsToAcquireLand_pp0p0_c20260313__20260313__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_znV62CzEDxQ4" title="Annual right way payments">13,120, and a loss of grazing fee of $<span id="xdx_902_ecustom--CompensationForLossOfGrazingPerAcre_iI_c20260313__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zv3fcB0rQSOe" title="Compensation for loss of grazing per acre">90 (for <span id="xdx_907_eus-gaap--AreaOfLand_iI_uArea_c20260313__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zMhKQNPMEBDa" title="Area of land">2.25 acres impacted by the Right-of-Way). The annual lease payment of $<span id="xdx_90C_eus-gaap--OperatingLeasePayments_c20260501__20260731__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zBPLjNO3mgKk" title="Annual lease payment">50,000 and annual Right-of-Way payment of $<span id="xdx_904_eus-gaap--PaymentsToAcquireLand_pp0p0_c20260501__20260731__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zfXB9XLqNVM6" title="Annual right of way payments">13,120 shall be amortized for one year. Upon exercise of the Option, the Company agreed to grant the Landowner shares of the Company’s common stock worth $<span id="xdx_906_ecustom--LeaseRightPaymentToGrantLandOwners_c20260501__20260731__us-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--LandOwnerMember_zo2mleuQbYGk" title="Granted the shares of common stock vaue">50,000 as a one-time fee which has been recognized as an option expense during fiscal year 2026. The Company anticipates issuing the common stock during the second quarter of fiscal 2027 and, accordingly, has recorded a stock payable liability, as reflected in the accompanying unaudited condensed consolidated balance sheet as of July 31, 2026. <p id="xdx_896_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_hus-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember_z46gHez6ofa6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The future minimum annual lease payments at July 31, 2026, under the Agreement, are as follows, with each payment to be made in the fourth quarter of the respective fiscal years: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20260731__us-gaap--LeaseContractualTermAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember_zD9V0hMmGl36" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzK3j_zgwjidkGUdq3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Fiscal 2027</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">63,120</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maLOLLPzK3j_z0RtwiQXL6H" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maLOLLPzK3j_zwzLxqZzXOna" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maLOLLPzK3j_zgGXTBLJ7LE9" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_maLOLLPzK3j_zjpalMTUiHsk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2031</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_maLOLLPzK3j_zFQv2L3D2OX7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Fiscal 2032 and thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">252,480</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzK3j_zkPV0l0sPWzi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">568,080</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Legal Matters From time to time the Company may be involved in claims and legal actions that arise in the ordinary course of business. To the Company’s knowledge, there are no material legal proceedings pending to which the Company is a party or of which any of the Company’s property is the subject.

640

480

P10Y

3.00 3.00

3360

0.021

<p id="xdx_890_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_hus-gaap--TypeOfArrangementAxis__custom--MiningLeasesMember_zARi1LDjvcAa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The future minimum lease payments at July 31, 2026, under these mining leases are as follows, with each payment to be made in the fourth quarter of the respective fiscal years: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20260731__us-gaap--LeaseContractualTermAxis__custom--MiningLeasesMember_zHwRn5Y3pNu1" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maOLFMPzEBw_zvhUWpb2iSN5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Fiscal 2027</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">3,360</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maOLFMPzEBw_zrHX3LebuIB" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maOLFMPzEBw_zNxxyK8XYEIh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maOLFMPzEBw_zayxSAHcFQ4i" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_maOLFMPzEBw_zCa0wZQgxkIb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2031</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,360</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_maOLFMPzEBw_zMy1LiXR8lkc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Fiscal 2032 and thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,800</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pp0p0_mtOLFMPzEBw_z7syx4zRcKS7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">21,600</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

3360

4800

21600

4.00 25000 25000 The annual advance minimum royalty payments as of July 31, 2026, under the option agreement are as follows, with each payment to be made on the first anniversary of the effective date of the option agreement and continuing until the tenth anniversary: SCHEDULE OF ADVANCE MINIMUM ROYALTY PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20260731_zs4OwyhyiVR4" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--AdvanceMininumRoyaltyPaymentsYearTwo_iI_pp0p0_maAMRPziUZ_zmkIBzGOtb5g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Fiscal 2028</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">25,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--AdvanceMininumRoyaltyPaymentsYearThree_iI_pp0p0_maAMRPziUZ_z2bBHdeshHf6" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--AdvanceMininumRoyaltyPaymentsYearFour_iI_pp0p0_maAMRPziUZ_z52gpMep9JSl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--AdvanceMininumRoyaltyPaymentsYearFive_iI_pp0p0_maAMRPziUZ_zT6UFGAGZBn4" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Fiscal 2031</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">25,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--AdvanceMininumRoyaltyPayments_iTI_pp0p0_mtAMRPziUZ_z5wST3NZWRLk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">100,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 25000 25000 25000 25000 100000 1

10000

35780

6560

42340

26240

The exclusive option to lease (the “Lease”) and Right-of-Way is for a term of ten years with the right to extend for an additional ten years

50000

40.00

13120

50000 26240

50000

13120

2.25

50000

13120

50000

<p id="xdx_896_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_hus-gaap--TypeOfArrangementAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember_z46gHez6ofa6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The future minimum annual lease payments at July 31, 2026, under the Agreement, are as follows, with each payment to be made in the fourth quarter of the respective fiscal years: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49E_20260731__us-gaap--LeaseContractualTermAxis__custom--ExplorationAccessAndOptionToLeaseAgreementMember_zD9V0hMmGl36" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzK3j_zgwjidkGUdq3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 78%">Fiscal 2027</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 18%; text-align: right">63,120</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_maLOLLPzK3j_z0RtwiQXL6H" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_maLOLLPzK3j_zwzLxqZzXOna" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_maLOLLPzK3j_zgGXTBLJ7LE9" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_maLOLLPzK3j_zjpalMTUiHsk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Fiscal 2031</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">63,120</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive_iI_maLOLLPzK3j_zFQv2L3D2OX7" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Fiscal 2032 and thereafter</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">252,480</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzK3j_zkPV0l0sPWzi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Total </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">568,080</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

63120

252480

568080

NOTE 13 — SUBSEQUENT EVENTS On August 3, 2026, <span id="xdx_90D_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_pid_c20260803__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zMYWfATGiFqh" title="Purchase of warrants">337,524 common stock purchase warrants, with an exercise price of $<span id="xdx_906_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260803__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zmbpcPubnsaa" title="Exercise price of warrants">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 $<span id="xdx_905_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_c20260831__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zFF12OPUBdIh" title="Minimum lease payment year one">2,450 in year one and $<span id="xdx_901_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_c20260831__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zBFppiOqlIfg" title="Minimum lease payment year two">2,524 in year two. <span id="xdx_905_eus-gaap--LesseeOperatingLeaseOptionToExtend_c20260831__20260831__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_ztwI5P6D9YJ5" title="Lessee, operating lease, option to extend description">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 <span id="xdx_906_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_pid_c20260831__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zK5WNXmNEorf" title="Purchase of warrants">2,500 shares of common stock upon the exercise of <span id="xdx_902_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_pid_c20260831__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zPAALfWh8l3j" title="Purchase of warrants">2,500 common stock purchase warrants and received aggregate cash proceeds of $<span id="xdx_90E_eus-gaap--ProceedsFromIssuanceOfWarrants_c20260831__20260831__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zxpk4N2OeF1i" title="Gross proceeds">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.

337524

14.50

2450

2524

The Company has the option to extend the lease for an additional one year at a 3% increase in rent, under the same terms.

2500

11200

1850000

205000

false false false false