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v3.24.2

Consolidated Statements of Cash Flows - CAD ($) | 12 Months Ended
--- | ---
Apr. 30, 2024 | Apr. 30, 2023
Operating activities |  |
Net loss for the year | $ (15,948,389) | $ (13,591,728)
Items not affecting cash: |  |
Amortization | 328,976 | 269,186
Share-based compensation | 5,836,747 | 4,086,178
Revaluation loss on investment in equity instruments | 691,704 | 116,127
Impairment loss | 0 | 443,930
Changes in non-cash working capital items: |  |
Accounts payable and accrued liabilities | (3,647,973) | 1,217,407
Due to related parties | 868,095 | 308,630
Taxes receivable | (3,811,486) | (4,387,748)
Other receivable | 256,058 | (442,573)
Prepaid expenses | 942,569 | (328,230)
Net cash flows used in operating activities | (14,483,699) | (12,308,821)
Investing activities |  |
Purchase of exploration and evaluation assets | 0 | (6,396,000)
Deferred payment of exploration and evaluation assets | (1,255,515) | 0
Exploration and evaluation expenditures | (33,163,029) | (30,748,538)
Accounts payable related to exploration and evaluation assets | (272,492) | (5,169,327)
Purchase of equipment | (503,177) | (285,852)
Strategic investment expenditures | 0 | (500,000)
Redemption (Investment) of term deposits | 40,115,000 | (40,115,000)
Net cash flows provided by/(used) in investing activities | 4,920,787 | (83,214,717)
Financing activities |  |
Cash proceeds of common shares issued net of issuance costs | 31,600,558 | 73,972,689
Issuance of common shares - warrants exercise | 1,042,597 | 386,221
Issuance of common shares - option exercise | 1,083,250 | 318,000
Net cash flows provided by financing activities | 33,726,405 | 74,676,910
Effects of foreign exchange | 776,107 | 2,973,063
Increase (Decrease) in cash and cash equivalents | 24,939,600 | (17,873,565)
Cash and cash equivalents, beginning of year | 12,608,704 | 30,482,269
Cash and cash equivalents, end of year | 37,548,304 | 12,608,704
Supplemental cash flow |  |
Issuance of common shares for strategic investment | 0 | 1,357,155
Share issuance costs - finders warrants | 742,418 | 2,546,766
Shares issued for RSUs | 330,858 | 0
Shares to be issued for E&E acquisition | $ 882,830 | $ 0

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