XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.2
ASSET RETIREMENT OBLIGATION
3 Months Ended
Jul. 31, 2025
Asset Retirement Obligation Disclosure [Abstract]  
ASSET RETIREMENT OBLIGATION

NOTE 6 — ASSET RETIREMENT OBLIGATION

 

In conjunction with various permit approvals permitting the Company to undergo exploration activities at the CK Gold and Keystone projects, the Company has recorded an ARO based upon the reclamation plans submitted in connection with the various permits. The following table summarizes activity in the Company’s ARO for the periods presented:

 

   July 31, 2025   April 30, 2025 
         
Balance, beginning of period  $338,421   $307,657 
Retired   -    - 
Accretion expense   8,479    30,764 
Balance, end of period  $346,900   $338,421 

 

For the three months ended July 31, 2025 and 2024, accretion expense amounted to $8,479 and $7,718 respectively, and was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.