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WARRANT LIABILITY (Tables) | 3 Months Ended
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Jul. 31, 2025
Warrant Liability |
SCHEDULE OF KEY INPUTS FOR THE WARRANT LIABILITY | The key inputs for the warrant liability were as follows as of May 2, 2025 (the valuation date before the date of exercise): SCHEDULE OF KEY INPUTS FOR THE WARRANT LIABILITY
Key Valuation Inputs |  |  |
Expected term (years) |  |  | 3.44 |
Annualized volatility |  |  | 64.2 | %
Volatility if fundamental transaction occurs |  |  | 100.00 | %
Risk-free interest rate |  |  | 3.84 | %
Stock price |  | $ | 9.99 |
Dividend yield |  |  | 0.00 | %
Exercise price |  | $ | 6.16 |
Probability of fundamental transaction |  |  | 95 | %
Date of fundamental transaction |  |  | 0.25 years to 3.44 years |
U.S. GOLD CORP. AND SUBSIDIARIES NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JULY 31, 2025 The key inputs for the warrant liability were as follows as of April 30, 2025:
Key Valuation Inputs |  |  |
Expected term (years) |  |  | 3.45 |
Annualized volatility |  |  | 64.0 | %
Volatility if fundamental transaction occurs |  |  | 100.00 | %
Risk-free interest rate |  |  | 3.61 | %
Stock price |  | $ | 10.97 |
Dividend yield |  |  | 0.00 | %
Exercise price |  | $ | 6.16 |
Probability of fundamental transaction |  |  | 95 | %
Date of fundamental transaction |  |  | 0.25 years to 3.45 years |
SCHEDULE OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITY | The following table sets forth a summary of the changes in the fair value of the Level 3 warrant liability for the three months ended July 31, 2025: SCHEDULE OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITY
|  | Warrant Liability |
Fair value as of April 30, 2025 |  | $ | 11,631,100 |
Change in fair value |  |  | (1,495,000 | )
Reclassification into equity upon warrant exercise |  |  | (10,136,100 | )
Fair value as of July 31, 2025 |  | $ | - |

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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