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MINERAL RIGHTS | 12 Months Ended
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Apr. 30, 2025
Extractive Industries [Abstract] |
MINERAL RIGHTS | NOTE 4 — MINERAL RIGHTS The Company’s CK Gold property contains proven and probable mineral reserves and accordingly is classified as a development stage property, as defined in subpart 1300 of Regulation S-K promulgated by the Securities and Exchange Commission (“S-K 1300”). None of the Company’s other properties contain proven and probable mineral reserves and all activities are exploratory in nature. CK Gold Project The Company, through its wholly-owned subsidiary, Gold King Corp., a Nevada corporation, owns the Copper King gold and copper development project (the “CK Gold Property”), which is comprised of two State of Wyoming Metallic and Non-metallic Rocks and Minerals Mining Leases covering an area of approximately 1.8 square miles located in the Silver Crown Mining District of southeast Wyoming. U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS APRIL 30, 2025 Keystone Project The Company, through its wholly-owned subsidiary, U.S. Gold Acquisition Corporation, acquired the mining claims comprising the Keystone Project. The Keystone Project consists of 601 unpatented lode mining claims situated in Eureka County, Nevada. Some of the Keystone Project claims are subject to pre-existing net smelter royalty (“NSR”) obligations. Northern Panther Merger Agreement On August 10, 2020, the Company entered into the Merger Agreement with Acquisition Corp., NPRC and the Stockholder Representative named therein, pursuant to which Acquisition Corp. merged with and into NPRC, with NPRC surviving as a wholly-owned subsidiary of the Company. Consequently, the Company acquired mineral rights on a gold exploration project in Idaho called the Challis Gold project. The Challis Gold project contains 77 unpatented lode mining claims in Lemhi County, Idaho covering approximately 1,710 acres. As of the dates presented, mineral properties consisted of the following: SCHEDULE OF MINERAL RIGHTS
|  | April 30, 2025 |  |  | April 30, 2024 |
CK Gold Project |  | $ | 3,091,738 |  |  | $ | 3,091,738 |
Keystone Project |  |  | 1,028,885 |  |  |  | 1,028,885 |
Challis Gold Project |  |  | 10,249,632 |  |  |  | 10,249,632 |
Total |  | $ | 14,370,255 |  |  | $ | 14,370,255 |

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- Definition The entire disclosure for mineral industries. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 930 -SubTopic 715 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477692/930-715-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 930 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/930/tableOfContent + Details
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