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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