Acquisition of Sweetwater (Tables)

3 Months Ended

Jul. 31, 2026

Business Combination [Abstract]

Summary of Acquisition-date Fair Value of Consideration Transferred

The acquisition-date fair value of the consideration transferred was as follows:


Consideration paid
Cash	$		330,000
Common shares			611,713
Mandatorily redeemable Class A and Class B preferred stock			22,602
	$		964,315

Summary of Preliminary Acquisition-date Fair Values of Identifiabe Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary acquisition-date fair values of the identifiable assets acquired, liabilities assumed and non-controlling interests:


Assets acquired and liabilities assumed
Cash and cash equivalents	$		15,000
Restricted cash			49,468
Accounts receivable			3,407
Prepaids and other receivables			375
Land			441,956
Mineral properties and interests			1,300,529
Deferred tax asset			5,270
Other long-term assets			56
Total assets			1,816,061

Accounts payable and accrued liabilities			(17,279	)
Advanced minimum royalties			(31,434	)
Deferred revenue			(775	)
Income taxes payable			(631	)
Long-term debt - current			(17,097	)
Other long-term liabilities			(1,006	)
Long-term debt			(535,661	)
Deferred tax liability			(117,242	)
Total liabilities			(721,125	)

Net assets acquired	$		1,094,936
Less: Non-controlling interest			(130,621	)
	$		964,315

Supplemental pro forma information

The following unaudited pro forma financial information presents the combined statements of income of the Company and Sweetwater as if the Transaction had occurred on May 1, 2026:


						Three months ended July 31, 2026
						($)
Revenue							85,562
Net income							20,745