Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Jan. 31, 2019 | May 15, 2019 | Jul. 31, 2018 | |
Document And Entity Information | |||
Entity Registrant Name | LIBERTY STAR URANIUM & METALS CORP. | ||
Entity Central Index Key | 0001172178 | ||
Document Type | 10-K | ||
Document Period End Date | Jan. 31, 2019 | ||
Amendment Flag | false | ||
Current Fiscal Year End Date | --01-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filer | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business Flag | true | ||
Entity Emerging Growth Company | false | ||
Entity Ex Transition Period | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 2,606,781 | ||
Entity Common Stock, Shares Outstanding | 4,294,858,120 | ||
Trading Symbol | LBSR | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2019 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Jan. 31, 2019 | Jan. 31, 2018 |
Current: | ||
Cash and cash equivalents | $ 890 | $ 36,086 |
Prepaid expenses | 7,044 | 14,220 |
Total current assets | 7,934 | 50,306 |
Property and equipment, net | 1,739 | 4,089 |
Total assets | 9,673 | 54,395 |
Current: | ||
Accounts payable and accrued liabilities | 708,877 | 399,121 |
Accounts payable to related party | 52,332 | 34,798 |
Accrued wages to related parties | 775,574 | 684,574 |
Notes payable to related parties | 106,943 | |
Convertible promissory note, net of debt discount of $20,584 and $9,716 | 1,057 | 261,996 |
Derivative liability | 58,656 | 168,686 |
Total current liabilities | 1,703,439 | 1,549,175 |
Total liabilities | 1,703,439 | 1,549,175 |
Commitments and Contingencies (Note 13) | ||
Stockholders' deficit | ||
Common stock - $.00001 par value; 6,250,000,000 authorized; 4,097,457,393 and 2,446,425,982 shares issued and outstanding, respectively | 40,975 | 24,464 |
Stock subscription receivable | (55,673) | |
Additional paid-in capital | 54,708,186 | 53,674,104 |
Accumulated deficit | (56,442,927) | (55,137,675) |
Total stockholders' deficit | (1,693,766) | (1,494,780) |
Total liabilities and stockholders' deficit | $ 9,673 | $ 54,395 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Jan. 31, 2019 | Jan. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Net of debt discount | $ 20,584 | $ 9,716 |
Common stock, par value | $ .00001 | $ .00001 |
Common stock, shares authorized | 6,250,000,000 | 6,250,000,000 |
Common stock, shares issued | 4,097,457,393 | 2,446,425,982 |
Common stock, shares outstanding | 4,097,457,393 | 2,446,425,982 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Income Statement [Abstract] | ||
Revenues | ||
Expenses: | ||
Geological and geophysical costs | 45,121 | 54,124 |
Salaries and benefits | 287,136 | 310,141 |
Public relations | 209,216 | 26,028 |
Depreciation | 2,360 | 4,377 |
Legal | 18,233 | 59,080 |
Professional services | 77,047 | 83,290 |
General and administrative | 133,701 | 149,956 |
Travel | 4,332 | 12,496 |
Net operating expenses | 777,146 | 699,492 |
Loss from operations | (777,146) | (699,492) |
Other income (expense): | ||
Interest expense | (525,011) | (320,567) |
Impairment of stock subscription receivable | (55,673) | |
Loss on settlement of accounts payable | (9,333) | |
Gain (loss) on change in fair value of derivative liability | 52,578 | 36,593 |
Total other expense | (528,106) | (293,307) |
Net loss | $ (1,305,252) | $ (992,799) |
Net loss per share of common stock - basic and diluted | $ 0 | $ 0 |
Weighted average number of shares of common stock outstanding - basic and diluted | 2,966,157,698 | 2,164,394,190 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Deficit - USD ($) | Common Stock [Member] | Stock Subscription Receivable [Member] | Additional Paid-In Capital [Member] | Accumulated Deficit [Member] | Total |
Beginning Balance at Jan. 31, 2017 | $ 20,038 | $ (55,673) | $ 53,077,578 | $ (54,144,876) | $ (1,102,933) |
Beginning Balance, shares at Jan. 31, 2017 | 2,003,844,312 | ||||
Issuance of common stock and warrants in private placement, net | $ 250 | 57,750 | 58,000 | ||
Issuance of common stock and warrants in private placement, net, shares | 24,964,736 | ||||
Issuance of common shares for cash pursuant to investment agreement | $ 926 | 169,408 | 170,334 | ||
Issuance of common shares for cash pursuant to investment agreement, shares | 92,609,558 | ||||
Shares issued in exchange for services and accounts payable | $ 252 | 56,829 | 57,081 | ||
Shares issued in exchange for services and accounts payable, shares | 25,241,904 | ||||
Shares issued for conversion of notes | $ 2,980 | 258,646 | 261,626 | ||
Shares issued for conversion of notes, shares | 298,015,472 | ||||
Resolution of derivative liabilities due to debt conversions | 293,018 | 293,018 | |||
Reclass of APIC to derivative liabilities for tainted warrants | (250,998) | (250,998) | |||
Exercise of common stock purchase warrants | $ 18 | 4,882 | 4,900 | ||
Exercise of common stock purchase warrants, shares | 1,750,000 | ||||
Stock based compensation | 6,991 | 6,991 | |||
Impairment of stock subscription receivable | |||||
Net loss | (992,799) | (992,799) | |||
Ending Balance at Jan. 31, 2018 | $ 24,464 | (55,673) | 53,674,104 | (55,137,675) | (1,494,780) |
Ending Balance, shares at Jan. 31, 2018 | 2,446,425,982 | ||||
Issuance of common shares for cash pursuant to investment agreement | $ 260 | 12,740 | 13,000 | ||
Issuance of common shares for cash pursuant to investment agreement, shares | 26,000,000 | ||||
Shares issued for conversion of notes | $ 16,251 | 502,301 | 518,552 | ||
Shares issued for conversion of notes, shares | 1,625,031,411 | ||||
Resolution of derivative liabilities due to debt conversions | 519,041 | 519,041 | |||
Impairment of stock subscription receivable | 55,673 | (55,673) | |||
Net loss | (1,305,252) | (1,305,252) | |||
Ending Balance at Jan. 31, 2019 | $ 40,975 | $ 54,708,186 | $ (56,442,927) | $ (1,693,766) | |
Ending Balance, shares at Jan. 31, 2019 | 4,097,457,393 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Cash flows from operating activities: | ||
Net loss | $ (1,305,252) | $ (992,799) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 2,360 | 4,377 |
Amortization of debt discount | 467,133 | 265,229 |
Impairment of stock subscription receivable | 55,673 | |
Loss on settlement of accounts payable | 9,333 | |
(Gain) loss on change in fair value of derivative liabilities | (52,578) | (36,593) |
Share-based compensation | 6,991 | |
Share-based payments for third party services | 3,748 | |
Changes in assets and liabilities: | ||
Prepaid expenses | 7,176 | (10,510) |
Other current assets | ||
Accounts payable and accrued expenses | 331,937 | (716) |
Accounts payable to related party | 17,534 | |
Accrued wages related parties | 91,000 | 73,879 |
Accrued interest | 25,121 | 26,871 |
Cash flows used in operating activities: | (359,896) | (650,190) |
Cash flows from financing activities: | ||
Proceeds from notes payable, related party | 83,700 | |
Proceeds from convertible promissory notes | 228,000 | 448,000 |
Proceeds from the issuance of common stock, net of expenses | 13,000 | 228,334 |
Proceeds from exercise of warrants | 4,900 | |
Net cash provided by financing activities | 324,700 | 681,234 |
(Decrease) Increase in cash and cash equivalents | (35,196) | 31,044 |
Cash and cash equivalents, beginning of period | 36,086 | 5,042 |
Cash and cash equivalents, end of period | 890 | 36,086 |
Supplemental disclosure of cash flow information: | ||
Income tax paid | ||
Interest paid | 32,317 | 25,699 |
Supplemental disclosure of non-cash items: | ||
Related party loan advance - payment of Company expenses | 22,193 | |
Resolutions of derivative liabilities due to debt conversions | 521,801 | 293,018 |
Warrants reclassed to derivative liabilities | 2,760 | 250,998 |
Debt discounts due to derivative liabilities | 461,589 | 247,299 |
Common stock issued for conversion of debt and interest | 518,552 | 261,626 |
Shares issuance for settlement of accounts payable | $ 44,000 |
Organization
Organization | 12 Months Ended |
Jan. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | NOTE 1 – Organization Liberty Star Uranium & Metals Corp. (the “Company”, “we” or “Liberty Star”) was formerly Liberty Star Gold Corp. and formerly Titanium Intelligence, Inc. (“Titanium”). Titanium was incorporated on August 20, 2001 under the laws of the State of Nevada. On February 5, 2004, we commenced operations in the acquisition and exploration of mineral properties business. Big Chunk Corp. (“Big Chunk”) is our wholly owned subsidiary and was incorporated on December 14, 2003 in the State of Alaska. Until 2016 Big Chunk was engaged in the acquisition and exploration of mineral properties business in the State of Alaska. Redwall Drilling Inc. (“Redwall”) was our wholly owned subsidiary and was incorporated on August 31, 2007 in the State of Arizona. Redwall performed drilling services on the Company’s mineral properties. Redwall ceased drilling activities in July 2008 and was dissolved on March 30, 2010. We formed the wholly owned subsidiary, Hay Mountain Super Project LLC (“HMSP”) incorporated on October 24, 2014, to serve as the primary holding company for development of the potential ore bodies encompassed in the Hay Mountain area of interest in Arizona. We renamed HMSP to Hay Mountain Holdings LLC (“HMH”) on March 5, 2019. In April 2007, we changed our name to Liberty Star Uranium & Metals Corp. On February 22, 2019, the Company registered the tradename ‘Liberty Star Minerals’ with the state of Arizona to be recognized as ‘doing business as’, or ‘d/b/a’ Liberty Star Minerals. We have not generated any revenues from operations. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Jan. 31, 2019 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | NOTE 2 – Summary of significant accounting policies The summary of significant accounting policies presented below is designed to assist in understanding the Company’s consolidated financial statements. Such consolidated financial statements and accompanying notes are the representations of the Company’s management, who is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America in all material respects and have been consistently applied in preparing the accompanying consolidated financial statements. The significant accounting policies adopted by the Company are as follows: Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The valuation of stock-based compensation, classification and valuation of common stock purchase warrants, classification and value of embedded conversion options, value of beneficial conversion features, valuation allowance on deferred tax assets, the determination of useful lives and recoverability of depreciable assets, accruals, and contingencies are significant estimates made by management. It is at least reasonably possible that a change in these estimates may occur in the near term. Principles of consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Big Chunk and HMSP. All significant intercompany accounts and transactions have been eliminated upon consolidation. Cash and cash equivalents We consider cash held at banks and all highly liquid investments with original maturities of three months or less to be cash and cash equivalents. We maintain our cash in bank deposit accounts which, for periods of time, may exceed federally insured limits. At January 31, 2019 and 2018, we had no cash balances in bank deposit accounts that exceeded federally insured limits. Mineral claim costs We account for costs incurred to acquire, maintain and explore mineral properties as a charge to expense in the period incurred until the time that a proven mineral resource is established, at which point development of the mineral property would be capitalized. Currently, we do not have any proven mineral resources on any of our mineral properties. Long-lived assets and impairment of long-lived assets Property and equipment is stated at cost. We capitalize all purchased equipment over $500 with a useful life of more than one year. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are stated at cost and are amortized over their estimated useful lives or the lease term, whichever is shorter. Maintenance and repairs are expensed as incurred while betterments or renewals are capitalized. Property and equipment is reviewed periodically for impairment. The estimated useful lives range from 3 to 7 years. We review long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Recoverability of a long-lived asset group to be held and used in operations is measured by a comparison of the carrying amount to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset group. If such asset group is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds its fair value. Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal. Convertible promissory notes We report convertible promissory notes as liabilities at their carrying value less unamortized discounts, which approximates fair value. We bifurcate conversion options and detachable common stock purchase warrants and report them as liabilities at fair value at each reporting period when required in accordance with the applicable accounting guidance. When convertible promissory notes are converted into shares of our common stock in accordance with the debt’s terms, no gain or loss is recognized. We account for inducements to convert as an expense in the period incurred, included in debt conversion expense. Derivative liabilities The valuation of the derivative liability of our warrants is determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option. The valuation of the derivative liability attached to the convertible debt is arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes are analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities are assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This leads to a cash flow simulation over the life of the note. A discounted cash flow for each simulation is completed and is compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. Common stock purchase warrants We report common stock purchase warrants as equity unless a condition exists which requires reporting as a derivative liability at fair market value. Stock based compensation The Company recognizes stock-based compensation for all share-based payment awards made to employees based on the estimated fair values, using the Black-Scholes option pricing model. Non-employee stock-based compensation is accounted for based on the fair value of the related stock or options or the fair value of the services on the earlier of (1) the performance commitment date or (2) the date at which the nonemployee’s performance is complete, whichever is more readily determinable. The fair value of options to be granted are estimated on the date of each grant using the Black-Scholes option pricing model and amortized ratably over the option’s vesting periods, which approximates the service period. Environmental expenditures Our operations have been and may in the future be affected from time to time in varying degree by changes in environmental regulations, including those for future removal and site restoration costs. The likelihood of new regulations and their overall effect upon us are not predictable. We provide for any reclamation costs in accordance with the accounting standards codification section 410-30. It is management’s opinion that we are not currently exposed to significant environmental and reclamation liabilities and have recorded no reserve for environmental and reclamation expenditures as of January 31, 2019 or 2018. Fair Value of Financial Assets and Liabilities The Company measures and discloses certain financial assets and liabilities at fair value. Authoritative guidance defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Authoritative guidance also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Level 2 Level 3 Income taxes Income taxes are recorded using the asset and liability method. Under the asset and liability method, tax assets and liabilities are recognized for the tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax assets and liabilities are measured using the enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on future tax assets and liabilities of a change in tax rates is recognized in income in the period that enactment occurs. To the extent that the Company does not consider it more likely than not that a future tax asset will be recovered, it provides a valuation allowance against the excess. Interest and penalties associated with unrecognized tax benefits, if any, are classified as additional income taxes in the statement of operations. With few exceptions, we are no longer subject to U.S. federal, state and local examinations by tax authorities for the tax year ended January 31, 2015 and prior. Net income (loss) per share Basic net income (loss) per share is computed by dividing net loss attributable to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share takes into consideration shares of common stock outstanding (computed under basic income or loss per share) and potentially dilutive shares of common stock that are not anti-dilutive. For the years ended January 31, 2019 and 2018, the following number of potentially dilutive shares have been excluded from diluted net income (loss) since such inclusion would be anti-dilutive: Year Ended January 31, 2019 2018 Stock options outstanding 90,379,950 91,308,750 Warrants 154,414,489 141,414,489 Shares to be issued upon conversion of notes payable 132,441,607 36,041,322 Total 377,236,046 268,764,561 Newly Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which supersedes the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. The Company adopted this standard on February 1, 2019 and determined that the adoption had no significant impact on the Company’s consolidated financial position or results of operations. In March 2016, FASB issued (“ASU”) 2016-09, Compensation – Stock Compensation – Improvements to Employee Shared-Based Payment Accounting . In June 2018, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic ) – Scope of Modification Accounting In July 2017, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2017-11, Earnings Per Share (Topic ), Distinguishing Liabilities from Equity (Topic ), Derivatives and Hedging (Topic ) – I. Accounting for Certain Financial Instruments with Down Round Features and II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception |
Going Concern
Going Concern | 12 Months Ended |
Jan. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | NOTE 3 – Going concern These consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) with the on-going assumption that we will be able to realize our assets and discharge our liabilities in the normal course of business. However, certain conditions noted below currently exist which raise substantial doubt about our ability to continue as a going concern. These consolidated financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should we be unable to continue as a going concern. Our operations have primarily been funded by the issuance of common stock and debt. Continued operations are dependent on our ability to complete equity financings or generate profitable operations in the future. Management’s plan in this regard is to secure additional funds through future equity financings, joint venture agreements or debt. Such financings may not be available or may not be available on reasonable terms. The Company has incurred losses from operations, has a working capital deficit and requires additional funds for further exploratory activity and to maintain its claims prior to attaining a revenue generating status. There are no assurances that a commercially viable mineral deposit exists on any of our properties. In addition, the Company may not find sufficient ore reserves to be commercially mined. As such, there is substantial doubt about the Company’s ability to continue as a going concern. Management is working to secure additional funds through the exercise of stock warrants already outstanding, equity financings, debt financings or joint venture agreements. The consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
Mineral Claims
Mineral Claims | 12 Months Ended |
Jan. 31, 2019 | |
Extractive Industries [Abstract] | |
Mineral Claims | NOTE 4 – Mineral claims At January 31, 2019, we held a 100% interest in 95 standard federal lode mining claims located in the Tombstone region of Arizona. 29 federal lode mining claims are owned by JABA (US) Inc, an Arizona Corporation in which one of our directors, James A. Briscoe, controls JABA (US) Inc., and the estate of Dr. J. M. Guilbert (deceased), a former director of the Company, holds a small stock position, as well and 66 federal lode mining claims belong to Liberty Star Uranium & Metals Corp. At January 31, 2019, we held Arizona State Land Department Mineral Exploration Permits covering 6,639.95 acres in the Tombstone region of Arizona. At January 31, 2019, we held an option to explore 1 standard federal lode mining claim located in the East Silverbell region of northwest Tucson, Arizona. The mineral claims are owned by JABA (US) Inc., an Arizona Corporation in which one of our directors, James A. Briscoe, one of our directors, is an owner. The additional owner Dr. John Guilbert is now deceased and his ownership is part of his estate. Title to mineral claims involves certain inherent risks due to difficulties of determining the validity of certain claims as well as potential for problems arising from the frequently ambiguous conveyance history characteristic of many mineral properties. All of the Company’s claims for mineral properties are in good standing as of January 31, 2019. |
Property and Equipment
Property and Equipment | 12 Months Ended |
Jan. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | NOTE 5 – Property and equipment The balances of our major classes of depreciable assets and useful lives are: January 31, 2019 January 31, 2018 Geology Equipment (3 to 7 years) $ 264,744 $ 264,734 Vehicles and transportation equipment (5 years) 44,284 44,284 Office furniture and equipment (3 to 7 years) 85,363 85,363 394,391 394,381 Less: accumulated depreciation and amortization (392,652 ) (390,292 ) $ 1,739 $ 4,089 Depreciation expense was $2,360 and $4,377 for the years ended January 31, 2019 and 2018, respectively. |
Long-term Debt and Convertible
Long-term Debt and Convertible Promissory Notes | 12 Months Ended |
Jan. 31, 2019 | |
Debt Disclosure [Abstract] | |
Long-term Debt and Convertible Promissory Notes | NOTE 6 – Long-term debt and convertible promissory notes Following is a summary of convertible promissory notes: January 31, 2019 January 31, 2018 12% convertible note payable issued July 2017, due April 2018 $ - $ 23,090 8% convertible note payable issued September 2017, due September 2018 - 44,906 12% convertible note payable issued October 2017, due October 2018 - 51,693 12% convertible note payable issued November 2017, due November 2018 - 51,184 12% convertible note payable issued December 2017, due December 2018 - 50,691 12% convertible note payable issued January 2018, due January 2019 - 50,148 8% convertible note payable issued February 2018, due November 2018 - - 8% convertible note payable issued March 2018, due January 2019 - - 8% convertible note payable issued April 2018, due February 2019 - - 8% convertible note payable issued May 2018, due March 2019 - 12% convertible note payable issued July 2018, due July 2019 21,641 - 21,641 271,712 Less debt discount (20,584 ) (9,716 ) Less current portion of convertible notes (1,057 ) (261,996 ) Long-term convertible notes payable $ - $ - On July 27, 2017, we received proceeds of $48,000, net of a $2,000 fee, under a convertible note dated July 26, 2017 (the “July 2017 Note”). The total principal under the July 2017 Note is $50,000, bears interest at 12% per annum, is due on April 26, 2018, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion. During the year ended January 31, 2018, the noteholder converted an aggregate of $30,000 of this note for 45,454,544 shares of the Company’s common stock. As of January 31, 2018, we had $23,090 of principal and interest outstanding under this note. During the year ended January 31, 2019, the noteholder converted an aggregate of $23,339 of this note for 38,576,247 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On September 15, 2017, we received proceeds of $40,000, net of a $3,000 fee, under a convertible note dated September 15, 2017 (the “September 2017 Note”). The total principal under the September 2017 Note is $43,000, bears interest at 8% per annum, is due on September 13, 2018, and is convertible in shares of the Company’s common stock after 180 days at a conversion price of 65% of the lowest weighted average market price during the previous 10 trading days to the date of conversion. As of January 31, 2018, we had $44,906 of principal and interest outstanding. During the year ended January 31, 2019, the noteholder converted an aggregate of $44,720 of this note for 61,825,722 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On October 18, 2017, we received proceeds of $48,000, net of a $2,000 fee, under a convertible note dated October 18, 2017 (the “October 2017 Note”). The total principal under the October 2017 Note is $50,000, bears interest at 12% per annum, is due on October 18, 2018, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion. As of January 31, 2018, we had $51,693 of principal and interest outstanding. During the year ended January 31, 2019, the noteholder converted an aggregate of $54,261 of this note for 92,993,090 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On November 22, 2017, we received proceeds of $48,000, net of a $2,000 fee, under a convertible note dated November 20, 2017 (the “November 2017 Note”). The total principal under the note is $50,000, bears interest at 12% per annum, is due on November 20, 2018, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion. During the year ended January 31, 2019, the noteholder converted an aggregate of $54,134 of this note for 104,311,615 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On December 21, 2017, we received proceeds of $48,000, net of a $2,000 fee, under a convertible note dated December 20, 2017 (the “December 2017 Note”). The total principal under the note is $50,000, bears interest at 12% per annum, is due on December 20, 2018, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion. During the year ended January 31, 2019, the noteholder converted an aggregate of $54,146 of this note for 141,350,757 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On January 25, 2018, we received proceeds of $48,000, net of a $2,000 fee, under a convertible note dated January 22, 2018 (the “January 2018 Note”). The total principal under the note is $50,000, bears interest at 12% per annum, is due on January 22, 2019, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion. During the year ended January 31, 2019, the noteholder converted an aggregate of $54,692 of this note for 298,134,302 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On February 23, 2018, we received proceeds of $50,000 from the issuance of a convertible note dated February 23, 2018 (the “February 2018 Note”). The note bears interest at 8%, includes OID of $3,000, matures on November 30, 2018, and is convertible after 180 days into shares of the Company’s common stock at a price of 65% of the average of the lowest 5 weighted average market prices of the Company’s common stock during the 10 trading days prior to conversion. During the year ended January 31, 2019, the noteholder converted an aggregate of $55,120 of this note for 123,062,822 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On March 26, 2018, we received proceeds of $50,000 from the issuance of a convertible note dated March 26, 2018 (the “March 2018 Note”). The note bears interest at 8%, includes OID of $3,000, matures on January 15, 2019, and is convertible after 180 days into shares of the Company’s common stock at a price of 65% of the average of the lowest 5 weighted average market prices of the Company’s common stock during the 10 trading days prior to conversion. During the year ended January 31, 2019, the noteholder converted an aggregate of $57,120 of this note for 159,445,163 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On April 25, 2018, we received proceeds of $40,000 from the issuance of a convertible note dated April 25, 2018 (the “April 2018 Note”). The note bears interest at 8%, includes OID of $3,000, matures on February 15, 2019, and is convertible after 180 days into shares of the Company’s common stock at a price of 65% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. During the year ended January 31, 2019, the noteholder converted an aggregate of $44,720 of this note for 184,601,399 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On June 1, 2018, we received proceeds of $40,000 from the issuance of a convertible note dated May 29, 2018 (the “May 2018 Note”). The note bears interest at 8%, includes OID of $3,000, matures on March 15, 2019, and is convertible after 180 days into shares of the Company’s common stock at a price of 65% of the average of the lowest 5 weighted average market price of the Company’s common stock during the 10 trading days prior to conversion. During the year ended January 31, 2019, the noteholder converted an aggregate of $44,720 of this note for 229,333,333 shares of the Company’s common stock, leaving a balance of $0 as of January 31, 2019. On July 23, 2018, we received proceeds of $48,000 under a convertible note dated July 19, 2018 (the “July 2018 Note”). The total principal under the note is $50,000, bears interest at 12% per annum, includes OID of $2,000, is due on July 19, 2019, and is convertible in shares of the Company’s common stock after 180 days at a conversion price with a 45% discount to the lowest weighted average market price during the previous 20 trading days to the date of conversion. During the year ended January 31, 2019, the noteholder converted an aggregate of $31,581 of this note for 191,396,961 shares of the Company’s common stock, leaving a balance principal and accrued interest of $21,641 as of January 31, 2019. During the years ended January 31, 2019 and 2018, the Company recorded debt discounts of $461,589 and $247,299, respectively, due to the derivative liabilities, and original issue debt discounts of $14,000 and $25,000, respectively, due to the convertible notes. The Company recorded amortization of these discounts of $467,133 and $265,229 for the years ended January 31, 2019 and 2018, respectively. |
Derivative Liabilities
Derivative Liabilities | 12 Months Ended |
Jan. 31, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Liabilities | NOTE 7 – Derivative Liabilities The embedded conversion feature in the convertible debt instruments that the Company issued (See Note 6), that became convertible during the years ended January 31, 2019 and 2018, qualified it as a derivative instrument since the number of shares issuable under the note is indeterminate based on guidance in FASB ASC 815, Derivatives and Hedging. This convertible note tainted all other equity linked instruments including outstanding warrants and fixed rate convertible debt on the date that the instrument became convertible. The valuation of the derivative liability of the warrants was determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option. The valuation of the derivative liability attached to the convertible debt was arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes that were analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities were assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This led to a cash flow simulation over the life of the note. A discounted cash flow for each simulation was completed, and it was compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. Key inputs and assumptions used to value the convertible notes and warrants upon issuance or tainting and also as of January 31, 2019: ● The stock projections are based on the historical volatilities for each date. These ranged in the 144-166% range. The stock price projection was modeled such that it follows a geometric Brownian motion with constant drift and a constant volatility, starting with the market stock price at each valuation date; ● An event of default would not occur during the remaining term of the note; ● Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. ● The effective discount was determined based on the historical trading history of the Company based on the specific pricing mechanism in each note; ● The Company would not have funds available to redeem the notes during the remaining term of the convertible notes; ● Discount rates were based on risk free rates in effect based on the remaining term and date of each valuation and instrument. ● The Holder would exercise the warrant at maturity if the stock price was above the exercise price; ● The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. Using the results from the model, the Company recorded a derivative liability during the year ended January 31, 2019 of $28,349 for newly granted and existing warrants (see note 10) that were tainted and a derivative liability of $30,307 for the fair value of the convertible feature included in the Company’s convertible debt instruments. The derivative liability recorded for the convertible feature created a “day 1” derivative loss of $90,204 and a debt discount of $461,589 which is being amortized over the remaining term of the note using the effective interest rate method and is classified as convertible debt on the balance sheet. Interest expense related to the amortization of this debt discount for the year ended January 31, 2019, was $442,396. Additionally, $22,324 of original issuance cost was charged to interest expense as a result of the conversion of a portion of the underlying debt instrument (See Note 6). The remaining unamortized debt discount related to the derivative liability was $19,651 as of January 31, 2019. The Company recorded the change in the fair value of the derivative liability as a gain of $142,782 to reflect the value of the derivative liability for warrants and convertible notes as of January 31, 2019. The Company also recorded a reclassification from equity to derivative liability of $2,760 for warrants becoming untainted and a reclassification from derivative liability to equity of $521,801 due to conversion of the Company’s convertible notes. The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Year Ended January 31, 2019 2018 Beginning balance $ 168,686 $ - Total (gains) losses (52,578 ) (36,593 ) Settlements (519,041 ) (293,018 ) Additions 461,589 498,297 Ending balance $ 58,656 $ 168,686 Change in unrealized (gains) losses included in earnings relating to derivatives as of January 31, 2019 and 2018 $ (52,578 ) $ (36,593 ) |
Common Stock
Common Stock | 12 Months Ended |
Jan. 31, 2019 | |
Equity [Abstract] | |
Common Stock | NOTE 8 – Common stock Our common shares are all of the same class, are voting and entitle stockholders to receive dividends as defined. Upon liquidation or wind-up, stockholders are entitled to participate equally with respect to any distribution of net assets or any dividends that may be declared. On July 15, 2015, the Company’s shareholders approved an amendment to the Company’s articles of incorporation to increase the number of authorized common shares from 1,250,000,000 to 6,250,000,000. Common Stock Issued During the Year Ended January 31, 2018 During the year ended January 31, 2018, the Company issued 24,964,736 units to investors for total proceeds of $58,000. Each unit consists of one share of the Company’s common stock and one-half warrant to purchase one-half equivalent share each of the Company’s common stock. The warrants have an exercise prices ranging from of $0.0028 to $0.0053 and have a three-year term. During the year ended January 31, 2018, a total of $261,626 of convertible notes were converted into 298,015,472 shares of the Company’s common stock. The conversions occurred on multiple dates with conversion prices ranging from $0.00066 to $0.00113. During the year ended January 31, 2018, the Company issued an aggregate of 92,609,558 shares of common stock for total proceeds of $170,334 to Tangiers Investment Group, LLC under the Investment Agreement. During the year ended January 31, 2018, the Company issued 25,241,904 shares to third-parties for services with an aggregate fair value of approximately $57,081, including 24,242,424 shares issued to settle accounts payable of $44,000, resulting in a loss on settlement of $9,333. During the year ended January 31, 2018, the Company issued 1,750,000 shares for the exercise of warrants with aggregate proceeds of $4,900. Common Stock Issued During the Year Ended January 31, 2019 Between February 2014 and July 2014, pursuant to the investment agreement with KVM, KVM purchased 34,214,226 shares for $456,924, of which $55,673 is still owed to the Company and is reflected as a stock subscription receivable as of January 31, 2018. During the year ended January 31, 2019 the Company determined that this receivable was impaired and reduced the balance to $0, resulting in a loss of $55,673. During the year ended January 31, 2019, the Company issued a total of 1,625,031,411 shares of our common stock for conversions of $518,552 of convertible notes payable at exercise prices ranging from $0.0002 to $0.0007. During the year ended January 31, 2019, the Company issued 26,000,000 units to investors for total proceeds of $13,000. Each unit consists of one share of the Company’s common stock and one-half warrant to purchase one-half equivalent share each of the Company’s common stock. The warrants have an exercise price of $0.0007 and have a three-year term. As of January 31, 2019, the Company was in the process of negotiating an agreement to settle a liability for investor relation services with a consultant amounting to $213,000 in exchange for approximately 30 million shares of the Company’s common stock. These shares have not yet been issued as of the date of this filing and the $213,000 is reflected in accounts payable and accrued liabilities as of January 31, 2019. |
Share-based Compensation
Share-based Compensation | 12 Months Ended |
Jan. 31, 2019 | |
Share-based Payment Arrangement [Abstract] | |
Share-based Compensation | NOTE 9 – Share-based compensation The 2010 Stock Option Plan was approved and adopted by the Board of Directors on August 10, 2010. The plan allows for up to 95,500,000 shares to be granted to key employees and non-employee consultants after specific objectives are met. The 2007 Stock Option Plan was approved and adopted by the Board of Directors on December 10, 2007. The plan allows for up to 2,500,000 shares to be granted to key employees and non-employee consultants after specific objectives are met. The 2004 Stock Option Plan was approved and adopted by the Board of Directors on December 27, 2004. The plan allows for up to 962,500 shares to be granted to key employees and non-employee consultants after specific objectives are met. Employees can receive incentive stock options and non-qualified stock options while non-employee consultants can receive only non-qualified stock options. The options granted vest under various provisions using graded vesting, not to exceed four years. The options granted have a term not to exceed ten years from the date of grant or five years for options granted to more than 10% stockholders. The option price set by the Plan Administration shall not be less than the fair market value per share of the common stock on the grant date or 110% of the fair market value per share of the common stock on the grant date for options granted to greater than 10% stockholders. Options remaining available for grant under the 2010 Stock Option Plan at January 31, 2019 and 2018 are 8,328,800 and 7,500,000, respectively. Options remaining available for grant under the 2007 Stock Option Plan at January 31, 2019 and 2018 are 212,500 and 112,500, respectively. Options remaining available for grant under the 2004 Stock Option Plan at January 31, 2019 and 2018 are 41,250 and 41,250. The Company did not issue incentive stock options during the year ended January 31, 2019 or 2018. The following tables summarize the Company’s stock option activity during the years ended January 31, 2019 and 2018. Incentive stock options to employees and directors outstanding at January 31, 2019 are as follows: Number of options Weighted average exercise price Weighted average remaining life (years) Aggregate intrinsic value Outstanding, January 31, 2017 97,392,450 $ 0.034 4.48 $ - Granted - - Cancelled (7,537,500 ) 0.042 Exercised - - Outstanding, January 31, 2018 89,854,950 $ 0.034 3.56 $ - Granted - - Cancelled and/or forfeited (100,000 ) 0.880 Exercised - - Outstanding, January 31, 2019 89,754,950 $ 0.033 2.56 $ - Exercisable, January 31, 2019 89,754,950 $ 0.033 2.56 $ - The aggregate intrinsic value is calculated based on the stock price of $0.0003 and $0.0020 per share as of January 31, 2019 and 2018, respectively. Share-based compensation expense is reported in our consolidated statements of operations as follows: January 31, 2019 January 31, 2018 Geological and geophysical costs $ - $ 2,947 Salaries and benefits - 2,947 Investor relations - 1,097 General and administrative - - $ - $ 6,991 At January 31, 2019, there was $0 of unrecognized share-based compensation for all share-based awards outstanding. Non-qualified stock options to non-employee consultants and vendors outstanding as of January 31, 2019 are as follows: Number of options Weighted average exercise price Weighted average remaining life (years) Aggregate intrinsic value Outstanding, January 31, 2017 1,453,800 $ 0.017 2.66 $ - Granted - - Expired - - Outstanding, January 31, 2018 1,453,800 $ 0.017 1.66 $ - Granted - - Expired (828,800 ) 0.003 Outstanding, January 31, 2019 625,000 $ 0.036 1.82 $ - Exercisable, January 31, 2019 625,000 $ 0.036 1.82 $ - The aggregate intrinsic value is calculated based on the stock price of $0.0003 and $0.0020 per share as of January 31, 2019 and 2018, respectively. |
Warrants
Warrants | 12 Months Ended |
Jan. 31, 2019 | |
Warrants and Rights Note Disclosure [Abstract] | |
Warrants | NOTE 10 – Warrants As of January 31, 2019, there were 154,414,489 whole share purchase warrants outstanding and exercisable. The warrants have a three-year term, a weighted average remaining life of 1.63 years and a weighted average exercise price of $0.005 per whole warrant for one common share. Whole share purchase warrants outstanding at January 31, 2019 and 2018 are as follows: Number of whole share purchase warrants Weighted average exercise price per share Outstanding, January 31, 2017 130,682,120 $ 0.006 Issued 12,482,369 0.003 Expired - - Exercised (1,750,000 ) 0.003 Outstanding, January 31, 2018 141,414,489 $ 0.006 Issued 13,000,000 0.0007 Expired - - Exercised - - Outstanding, January 31, 2019 154,414,489 0.005 Exercisable, January 31, 2019 154,414,489 0.005 The weighted average intrinsic value for warrants outstanding was $0 as of January 31, 2019 and 2018. |
Income Taxes
Income Taxes | 12 Months Ended |
Jan. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | NOTE 11 – Income taxes As of January 31, our deferred tax asset is as follows: January 31, 2019 January 31, 2018 Deferred Tax Assets $ 6,535,000 $ 6,258,000 Less Valuation Allowance (6,535,000 ) (6,258,000 ) $ - $ - Management has elected to provide a deferred tax asset valuation allowance equal to the potential benefit due to our history of losses. If we demonstrate the ability to generate future taxable income, management will re-evaluate the allowance. The increase of $277,000 during the year ended January 31, 2019 primarily represents the increase in net operating loss carry-forwards during the period offset against the valuation allowance. As of January 31, 2019, our estimated net operating loss carry-forward is approximately $31 million and expires beginning in 2026 through 2038, with no expiration date for our 2019 net operating loss under the Tax Cuts and Jobs Act. We have identified our federal and Arizona state tax returns as “major” tax jurisdictions. The periods our income tax returns are subject to examination for these jurisdictions are the tax years ended January 31, 2016 through January 31, 2019. We believe our income tax filing positions and deductions will be sustained on audit, and we do not anticipate any adjustments that would result in a material change to our financial position. Therefore, no liabilities for uncertain income tax positions have been recorded. Internal Revenue Code Section 382 limits the ability to utilize net operating losses if a 50% change in ownership occurs over a three-year period. Such limitation of the net operating losses may have occurred but we have not analyzed it at this time as the deferred tax asset is fully reserved. We have federal and state net operating loss carry-forwards that are available to offset future taxable income. The Tax Cuts and Jobs Act (the Act) was enacted on December 22, 2017. The Act reduces the US federal corporate tax rate from 35% to 21% and requires the Company to re-measure certain deferred tax assets and liabilities based on the rates at which they are anticipated to reverse in the future, which is generally 21%. The Company adopted the new rate as it relates to the calculations of deferred tax amounts as of January 31, 2018. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Jan. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | NOTE 12 – Related party transactions We were a party to the following transactions with related parties during the year ended January 31, 2019: We rented an office from James Briscoe, our Chief Geologist, & Scientific Advisor and former Chairman of the Board, CEO, CFO and President, on a month-to-month basis for $522 per month. The total rent expense related to this office was approximately $6,264 for the years ended January 31, 2019 and 2018. A total of $2,996 was due as of January 31, 2019. This office rental was discontinued as of January 11, 2019. At January 31, 2019, we had a balance of accrued unpaid wages of $759,949 to James Briscoe. Additionally, we had a balance of accrued unpaid wages of $15,625 to a former President. We had a balance of accrued unpaid wages of $31,137 to Patricia Madaris, CFO. At January 31, 2019, we had a balance of $13,325 due to the spouse of James Briscoe. We have an option to explore 1 standard federal lode mining claim at the East Silverbell project and 29 standard federal lode mining claims at the Walnut Creek project from JABA. James A. Briscoe, the Company’s Chief Geologist, & Scientific Advisor controls JABA and the estate of Dr. J. M. Guilbert (deceased), a former director of the Company, holds a small stock position, as well. We are required to pay annual rentals to maintain the claims in good standing. We paid $4,650 in rental fees to maintain these mineral claims during the year ended January 31, 2019 until September 1, 2019. The original option agreement was for the period from April 11, 2008 through January 1, 2011 and was extended through June 1, 2013, June 1, 2015 and then to June 1, 2021, The Company will not be renewing this option when it expires on September 1, 2019. At January 31, 2019, we had accounts payable to JABA of $34,798, which is reflected as accounts payable to related party on the accompanying consolidated balance sheets. During the year ended January 31, 2019, the Company received advances of $73,193 from a director under a promissory note dated October 31, 2018, due October 31, 2019, with interest at 10%. We also received advances of $22,700 from another director under a promissory note dated December 20, 2018, due January 31, 2020, with interest at 10%. We also received an advance of $10,000 from James Briscoe under a promissory note dated September 17, 2018, due September 17, 2019 with interest at 10%. As of January 31, 2019, the total balance of these notes was $106,943, which includes accrued interest of $1,050. We were a party to the following transactions with related parties during the year ended January 31, 2018: We rented an office from James Briscoe, our Chief Geologist, & Scientific Advisor and former Chairman of the Board, CEO, CFO and President, on a month-to-month basis for $522 per month. The total rent expense related to this office was $6,264 for the year ended January 31, 2018. No amount was due as of January 31, 2018. At January 31, 2018, we had a balance of accrued unpaid wages of $668,949 to James Briscoe. Additionally, we had a balance of accrued unpaid wages of $15,625 to a former President. We had an option to explore 26 standard federal lode mining claim at the East Silverbell project and 29 standard federal lode mining claims at the Walnut Creek project from JABA. James A. Briscoe, a Company director, controls JABA and the estate of Dr. J. M. Guilbert (deceased), a former director of the Company, holds a small stock position, as well. We are required to pay annual rentals to maintain the claims in good standing. We paid $8,525 in rental fees to maintain these mineral claims during the year ended January 31, 2018. The original option agreement was for the period from April 11, 2008 through January 1, 2011 and was extended through June 1, 2013, June 1, 2015 and then to June 1, 2021. At January 31, 2018, we had accounts payable to JABA of $34,798, which is reflected as accounts payable to related party on the accompanying consolidated balance sheets. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Jan. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 13 – Commitments and Contingencies We are required to pay annual rentals for our federal lode mining claims for the North Pipes project in the State of Arizona. The rental period begins at noon on September 1st through the following September 1st and rental payments are due by the first day of the rental period. The annual rentals are $155 per claim. The rentals of $1,705 for the period from September 1, 2017 to September 1, 2018 have been paid. After much consideration we determined not to retain North Pipes Super Project claims. We may revisit NPSP in the future depending on moratorium changes. We were required to pay annual rentals for the JABA (US) Inc. federal lode mining claim for our East Silverbell project in the State of Arizona under our lease option agreement The rental period begins at noon on September 1st through the following September 1st and rental payments are due by the first day of the rental period. The annual rental is $155 per claim. The rentals of $155 for the period from September 1, 2018 to September 1, 2019 have been paid. The annual rentals due by September 1, 2019 of $155 are required to maintain the East Silverbell claims are for the period from September 1, 2019 through September 1, 2020 have not been paid. There is no requirement for annual assessment or exploration work on the federal lode mining claims. There are no royalties associated with the federal lode mining claims. The Company will not be renewing this option when it expires on September 1, 2019. We are required to pay annual rentals for Liberty Star’s federal lode mining claims for the Tombstone project in the State of Arizona. The rental period begins at noon on September 1st through the following September 1st and rental payments are due by the first day of the rental period. The annual rentals are $155 per claim. The rentals due by September 1, 2019 for the period from September 1, 2019 through September 1, 2020 of $10,230 have not been paid yet, but we plan to pay when due. The 29 Federal lode mining claims for Tombstone Project Walnut Creek under the JABA option agreement have been paid for September 1, 2018 through September 1, 2019 for $4,495. The annual rentals are $155 per claim. The rentals due by September 1, 2019 for the period from September 1, 2019 through September 1, 2020 have not been paid and the Company will not be renewing this option when it expires on September 1, 2019. We are required to pay annual rentals for our Arizona State Land Department Mineral Exploration Permits (“AZ MEP”) at our Tombstone Hay Mountain project in the State of Arizona. AZ MEP permits cost $500 per permit per year in non-refundable filing fees and are valid for 1 year and renewable for up to 5 years. The rental fee is $2.00 per acre for the first year, which includes the second year, and $1.00 per acre per year for years three through five. The minimum work expenditure requirements are $10 per acre per year for years one and two and $20 per acre per year for years three through five. If the minimum work expenditure requirement is not met the applicant can pay the equal amount in fees to the Arizona State Land Department to keep the AZ MEP permits current. The rental period begins on the date of acceptance for each permit. Rental payments are due by the first day of the rental period. We hold AZ MEP permits for 6,639.95 acres at our Tombstone project. We paid filing and rental fees for our AZ MEP’s before their respective due dates in the amount of $15,926.88. The Company entered into a 24-month office lease at 5232 E Pima Street, Suite D, Tucson, Arizona, effective October 1, 2016 through September 30, 2018, with a base rent of $2,100 per month through September 30, 2017 and then $2,163 per month through September 30, 2018. We rented month-to-month for $2,230 from September 30, 2018 through the year ended January 31, 2019. Subsequently, we moved out of the Pima Office as part of our cost reduction plan and rent a storage space for $45 per month in Tombstone, AZ. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 12 Months Ended |
Jan. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | NOTE 14 – Fair value of financial instruments Fair value measurements at reporting date using: Description Fair Value Quoted prices in active markets for identical liabilities (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Warrant and convertible note derivative liability at January 31, 2019 $ 58,656 - - $ 58,656 Warrant and convertible note derivative liability at January 31, 2018 $ 168,686 - - $ 168,686 Our financial instruments consist of cash and cash equivalents, accounts payable, accrued liabilities, convertible notes payable, notes payable, and derivative liability. It is management’s opinion that we are not exposed to significant interest, currency or credit risks arising from these financial instruments. With the exception of the derivative liability, the fair value of these financial instruments approximates their carrying values based on their short maturities or for long-term debt based on borrowing rates currently available to us for loans with similar terms and maturities. Gains and losses recognized on changes in estimated fair value of the warrant liability are reported in other income (expense) as gain (loss) on change in fair value. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Jan. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 15 – Subsequent events On April 12, 2019, we received proceeds of $50,000 from the issuance of a convertible note dated April 10, 2019. The note bears interest at 8%, includes OID of $3,000, matures on February 28, 2020, and is convertible after 180 days into shares of the Company’s common stock at a price of 65% of the market price of the average of the lowest 5 trading prices of the Company’s common stock during the 10 trading days prior to conversion. In February and March 2019, we received aggregate proceeds of $3,500 under the promissory note with Brett Gross. In February and March 2019, we received aggregate proceeds of $18,500 under the promissory note with Pete O’Heeron. On February 8, 2019, we received proceeds of $10,000 under an unsecured promissory note dated March 11, 2019 with a noteholder. The note bears interest at 10% and is due on March 11, 2020. In February 2019, we issued a total of 197,400,727 shares of our common stock for conversions of convertible debt totaling $21,714. On April 11, 2019, the Company formed a new subsidiary named Earp Ridge Mines, LLC. On April 30, 2019, the Company’s board of directors voted to extend all warrants expiring in May 2019 by three years. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Jan. 31, 2019 | |
Accounting Policies [Abstract] | |
Use of Estimates | Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The valuation of stock-based compensation, classification and valuation of common stock purchase warrants, classification and value of embedded conversion options, value of beneficial conversion features, valuation allowance on deferred tax assets, the determination of useful lives and recoverability of depreciable assets, accruals, and contingencies are significant estimates made by management. It is at least reasonably possible that a change in these estimates may occur in the near term. |
Principles of Consolidation | Principles of consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Big Chunk and HMSP. All significant intercompany accounts and transactions have been eliminated upon consolidation. |
Cash and Cash Equivalents | Cash and cash equivalents We consider cash held at banks and all highly liquid investments with original maturities of three months or less to be cash and cash equivalents. We maintain our cash in bank deposit accounts which, for periods of time, may exceed federally insured limits. At January 31, 2019 and 2018, we had no cash balances in bank deposit accounts that exceeded federally insured limits. |
Mineral Claim Costs | Mineral claim costs We account for costs incurred to acquire, maintain and explore mineral properties as a charge to expense in the period incurred until the time that a proven mineral resource is established, at which point development of the mineral property would be capitalized. Currently, we do not have any proven mineral resources on any of our mineral properties. |
Long-lived Assets and Impairment of Long-lived Assets | Long-lived assets and impairment of long-lived assets Property and equipment is stated at cost. We capitalize all purchased equipment over $500 with a useful life of more than one year. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are stated at cost and are amortized over their estimated useful lives or the lease term, whichever is shorter. Maintenance and repairs are expensed as incurred while betterments or renewals are capitalized. Property and equipment is reviewed periodically for impairment. The estimated useful lives range from 3 to 7 years. We review long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Recoverability of a long-lived asset group to be held and used in operations is measured by a comparison of the carrying amount to the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset group. If such asset group is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset group exceeds its fair value. Long-lived assets to be disposed of are carried at the lower of cost or fair value less the costs of disposal. |
Convertible Promissory Notes | Convertible promissory notes We report convertible promissory notes as liabilities at their carrying value less unamortized discounts, which approximates fair value. We bifurcate conversion options and detachable common stock purchase warrants and report them as liabilities at fair value at each reporting period when required in accordance with the applicable accounting guidance. When convertible promissory notes are converted into shares of our common stock in accordance with the debt’s terms, no gain or loss is recognized. We account for inducements to convert as an expense in the period incurred, included in debt conversion expense. |
Derivative Liabilities | Derivative liabilities The valuation of the derivative liability of our warrants is determined through the use of a Monte Carlo options model that values the liability of the warrants based on a risk-neutral valuation where the price of the option is its discounted expected value. The technique applied generates a large number of possible (but random) price paths for the underlying common stock via simulation, and then calculates the associated exercise value (i.e. “payoff”) of the option for each path. These payoffs are then averaged and discounted to a current valuation date resulting in the fair value of the option. The valuation of the derivative liability attached to the convertible debt is arrived at through the use of a Monte Carlo model that values the derivative liability within the notes. The technique applied generates a large number of possible (but random) price paths for the underlying (or underlyings) via simulation, and then calculates the associated payment value (cash, stock, or warrants) of the derivative features. The price of the underlying common stock is modeled such that it follows a geometric Brownian motion with constant drift, and elastic volatility (increasing as stock price decreases). The stock price is determined by a random sampling from a normal distribution. Since the underlying random process is the same, for enough price paths, the value of the derivative is derived from path dependent scenarios and outcomes. The features in the notes are analyzed and incorporated into the model included the conversion features with the reset provisions, the call/redemption/prepayment options, and the default provisions. Based on these features, there are six primary events that can occur; payments are made in cash; payments are made with stock; the note holder converts upon receiving a redemption notice; the note holder converts the note; the issuer redeems the note; or the Company defaults on the note. The model simulates the underlying economic factors that influenced which of these events would occur, when they were likely to occur, and the specific terms that would be in effect at the time (i.e. stock price, conversion price, etc.). Probabilities are assigned to each variable such as redemption likelihood, default likelihood, and timing and pricing of reset events over the remaining term of the notes based on management projections. This leads to a cash flow simulation over the life of the note. A discounted cash flow for each simulation is completed and is compared to the discounted cash flow of the note without the embedded features, thus determining a value for the derivative liability. |
Common Stock Purchase Warrants | Common stock purchase warrants We report common stock purchase warrants as equity unless a condition exists which requires reporting as a derivative liability at fair market value. |
Stock Based Compensation | Stock based compensation The Company recognizes stock-based compensation for all share-based payment awards made to employees based on the estimated fair values, using the Black-Scholes option pricing model. Non-employee stock-based compensation is accounted for based on the fair value of the related stock or options or the fair value of the services on the earlier of (1) the performance commitment date or (2) the date at which the nonemployee’s performance is complete, whichever is more readily determinable. The fair value of options to be granted are estimated on the date of each grant using the Black-Scholes option pricing model and amortized ratably over the option’s vesting periods, which approximates the service period. |
Environmental Expenditures | Environmental expenditures Our operations have been and may in the future be affected from time to time in varying degree by changes in environmental regulations, including those for future removal and site restoration costs. The likelihood of new regulations and their overall effect upon us are not predictable. We provide for any reclamation costs in accordance with the accounting standards codification section 410-30. It is management’s opinion that we are not currently exposed to significant environmental and reclamation liabilities and have recorded no reserve for environmental and reclamation expenditures as of January 31, 2019 or 2018. |
Fair Value of Financial Assets and Liabilities | Fair Value of Financial Assets and Liabilities The Company measures and discloses certain financial assets and liabilities at fair value. Authoritative guidance defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Authoritative guidance also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Level 2 Level 3 |
Income Taxes | Income taxes Income taxes are recorded using the asset and liability method. Under the asset and liability method, tax assets and liabilities are recognized for the tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Future tax assets and liabilities are measured using the enacted tax rates expected to apply when the asset is realized or the liability settled. The effect on future tax assets and liabilities of a change in tax rates is recognized in income in the period that enactment occurs. To the extent that the Company does not consider it more likely than not that a future tax asset will be recovered, it provides a valuation allowance against the excess. Interest and penalties associated with unrecognized tax benefits, if any, are classified as additional income taxes in the statement of operations. With few exceptions, we are no longer subject to U.S. federal, state and local examinations by tax authorities for the tax year ended January 31, 2015 and prior. |
Net Income (Loss) Per Share | Net income (loss) per share Basic net income (loss) per share is computed by dividing net loss attributable to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share takes into consideration shares of common stock outstanding (computed under basic income or loss per share) and potentially dilutive shares of common stock that are not anti-dilutive. For the years ended January 31, 2019 and 2018, the following number of potentially dilutive shares have been excluded from diluted net income (loss) since such inclusion would be anti-dilutive: Year Ended January 31, 2019 2018 Stock options outstanding 90,379,950 91,308,750 Warrants 154,414,489 141,414,489 Shares to be issued upon conversion of notes payable 132,441,607 36,041,322 Total 377,236,046 268,764,561 |
Newly Issued Accounting Pronouncements | Newly Issued Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which supersedes the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. The Company adopted this standard on February 1, 2019 and determined that the adoption had no significant impact on the Company’s consolidated financial position or results of operations. In March 2016, FASB issued (“ASU”) 2016-09, Compensation – Stock Compensation – Improvements to Employee Shared-Based Payment Accounting . In June 2018, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic ) – Scope of Modification Accounting In July 2017, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2017-11, Earnings Per Share (Topic ), Distinguishing Liabilities from Equity (Topic ), Derivatives and Hedging (Topic ) – I. Accounting for Certain Financial Instruments with Down Round Features and II. Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Jan. 31, 2019 | |
Accounting Policies [Abstract] | |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | Year Ended January 31, 2019 2018 Stock options outstanding 90,379,950 91,308,750 Warrants 154,414,489 141,414,489 Shares to be issued upon conversion of notes payable 132,441,607 36,041,322 Total 377,236,046 268,764,561 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 12 Months Ended |
Jan. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | The balances of our major classes of depreciable assets and useful lives are: January 31, 2019 January 31, 2018 Geology Equipment (3 to 7 years) $ 264,744 $ 264,734 Vehicles and transportation equipment (5 years) 44,284 44,284 Office furniture and equipment (3 to 7 years) 85,363 85,363 394,391 394,381 Less: accumulated depreciation and amortization (392,652 ) (390,292 ) $ 1,739 $ 4,089 |
Long-term Debt and Convertibl_2
Long-term Debt and Convertible Promissory Notes (Tables) | 12 Months Ended |
Jan. 31, 2019 | |
Debt Disclosure [Abstract] | |
Summary of Convertible Promissory Notes | Following is a summary of convertible promissory notes: January 31, 2019 January 31, 2018 12% convertible note payable issued July 2017, due April 2018 $ - $ 23,090 8% convertible note payable issued September 2017, due September 2018 - 44,906 12% convertible note payable issued October 2017, due October 2018 - 51,693 12% convertible note payable issued November 2017, due November 2018 - 51,184 12% convertible note payable issued December 2017, due December 2018 - 50,691 12% convertible note payable issued January 2018, due January 2019 - 50,148 8% convertible note payable issued February 2018, due November 2018 - - 8% convertible note payable issued March 2018, due January 2019 - - 8% convertible note payable issued April 2018, due February 2019 - - 8% convertible note payable issued May 2018, due March 2019 - 12% convertible note payable issued July 2018, due July 2019 21,641 - 21,641 271,712 Less debt discount (20,584 ) (9,716 ) Less current portion of convertible notes (1,057 ) (261,996 ) Long-term convertible notes payable $ - $ - |
Derivative Liabilities (Tables)
Derivative Liabilities (Tables) | 12 Months Ended |
Jan. 31, 2019 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Changes in Fair Value of Derivative Liabilities | The following table sets forth a reconciliation of changes in the fair value of the Company’s derivative liability: Year Ended January 31, 2019 2018 Beginning balance $ 168,686 $ - Total (gains) losses (52,578 ) (36,593 ) Settlements (519,041 ) (293,018 ) Additions 461,589 498,297 Ending balance $ 58,656 $ 168,686 Change in unrealized (gains) losses included in earnings relating to derivatives as of January 31, 2019 and 2018 $ (52,578 ) $ (36,593 ) |
Share-based Compensation (Table
Share-based Compensation (Tables) | 12 Months Ended |
Jan. 31, 2019 | |
Schedule of Share-based Compensation Expense | Share-based compensation expense is reported in our consolidated statements of operations as follows: January 31, 2019 January 31, 2018 Geological and geophysical costs $ - $ 2,947 Salaries and benefits - 2,947 Investor relations - 1,097 General and administrative - - $ - $ 6,991 |
Incentive Stock Options [Member] | |
Schedule of Stock Options Activity | The following tables summarize the Company’s stock option activity during the years ended January 31, 2019 and 2018. Incentive stock options to employees and directors outstanding at January 31, 2019 are as follows: Number of options Weighted average exercise price Weighted average remaining life (years) Aggregate intrinsic value Outstanding, January 31, 2017 97,392,450 $ 0.034 4.48 $ - Granted - - Cancelled (7,537,500 ) 0.042 Exercised - - Outstanding, January 31, 2018 89,854,950 $ 0.034 3.56 $ - Granted - - Cancelled and/or forfeited (100,000 ) 0.880 Exercised - - Outstanding, January 31, 2019 89,754,950 $ 0.033 2.56 $ - Exercisable, January 31, 2019 89,754,950 $ 0.033 2.56 $ - |
Non-qualified Stock Options [Member] | |
Schedule of Stock Options Activity | Non-qualified stock options to non-employee consultants and vendors outstanding as of January 31, 2019 are as follows: Number of options Weighted average exercise price Weighted average remaining life (years) Aggregate intrinsic value Outstanding, January 31, 2017 1,453,800 $ 0.017 2.66 $ - Granted - - Expired - - Outstanding, January 31, 2018 1,453,800 $ 0.017 1.66 $ - Granted - - Expired (828,800 ) 0.003 Outstanding, January 31, 2019 625,000 $ 0.036 1.82 $ - Exercisable, January 31, 2019 625,000 $ 0.036 1.82 $ - |
Warrants (Tables)
Warrants (Tables) | 12 Months Ended |
Jan. 31, 2019 | |
Warrants and Rights Note Disclosure [Abstract] | |
Schedule of Warrant Activity | Whole share purchase warrants outstanding at January 31, 2019 and 2018 are as follows: Number of whole share purchase warrants Weighted average exercise price per share Outstanding, January 31, 2017 130,682,120 $ 0.006 Issued 12,482,369 0.003 Expired - - Exercised (1,750,000 ) 0.003 Outstanding, January 31, 2018 141,414,489 $ 0.006 Issued 13,000,000 0.0007 Expired - - Exercised - - Outstanding, January 31, 2019 154,414,489 0.005 Exercisable, January 31, 2019 154,414,489 0.005 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Jan. 31, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of Deferred Tax Asset | As of January 31, our deferred tax asset is as follows: January 31, 2019 January 31, 2018 Deferred Tax Assets $ 6,535,000 $ 6,258,000 Less Valuation Allowance (6,535,000 ) (6,258,000 ) $ - $ - |
Fair Value of Financial Instr_2
Fair Value of Financial Instruments (Tables) | 12 Months Ended |
Jan. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value of Financial Instruments | Fair value measurements at reporting date using: Description Fair Value Quoted prices in active markets for identical liabilities (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Warrant and convertible note derivative liability at January 31, 2019 $ 58,656 - - $ 58,656 Warrant and convertible note derivative liability at January 31, 2018 $ 168,686 - - $ 168,686 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies (Details Narrative) | 12 Months Ended |
Jan. 31, 2019USD ($) | |
Purchase of equipment | $ 500 |
Property and equipment useful life, description | Useful life of more than one year. |
Minimum [Member] | |
Property and equipment useful life | 3 years |
Maximum [Member] | |
Property and equipment useful life | 7 years |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Antidilutive securities excluded from computation of earnings per share | 377,236,046 | 268,764,561 |
Stock Options Outstanding [Member] | ||
Antidilutive securities excluded from computation of earnings per share | 90,379,950 | 91,308,750 |
Warrants [Member] | ||
Antidilutive securities excluded from computation of earnings per share | 154,414,489 | 141,414,489 |
Shares to be Issued Upon Conversion of Notes Payable [Member] | ||
Antidilutive securities excluded from computation of earnings per share | 132,441,607 | 36,041,322 |
Mineral Claims (Details Narrati
Mineral Claims (Details Narrative) - Tombstone Region of Arizona [Member] | Jan. 31, 2019a |
Mineral interest rate | 100.00% |
Mineral exploration area | 6,639.95 |
Property and Equipment (Details
Property and Equipment (Details Narrative) - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation expense | $ 2,360 | $ 4,377 |
Property and Equipment - Schedu
Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Property and equipment, gross | $ 394,391 | $ 394,381 |
Less: accumulated depreciation and amortization | (392,652) | (390,292) |
Property and equipment | $ 1,739 | 4,089 |
Minimum [Member] | ||
Property and equipment useful life | 3 years | |
Maximum [Member] | ||
Property and equipment useful life | 7 years | |
Geology Equipment [Member] | ||
Property and equipment, gross | $ 264,744 | 264,734 |
Geology Equipment [Member] | Minimum [Member] | ||
Property and equipment useful life | 3 years | |
Geology Equipment [Member] | Maximum [Member] | ||
Property and equipment useful life | 7 years | |
Vehicles and Transportation Equipment [Member] | ||
Property and equipment, gross | $ 44,284 | 44,284 |
Property and equipment useful life | 5 years | |
Office Furniture and Equipment [Member] | ||
Property and equipment, gross | $ 85,363 | $ 85,363 |
Office Furniture and Equipment [Member] | Minimum [Member] | ||
Property and equipment useful life | 3 years | |
Office Furniture and Equipment [Member] | Maximum [Member] | ||
Property and equipment useful life | 7 years |
Long-term Debt and Convertibl_3
Long-term Debt and Convertible Promissory Notes (Details Narrative) - USD ($) | Jul. 23, 2018 | Jun. 01, 2018 | Apr. 25, 2018 | Mar. 26, 2018 | Feb. 23, 2018 | Jan. 25, 2018 | Dec. 21, 2017 | Nov. 22, 2017 | Oct. 18, 2017 | Sep. 15, 2017 | Jul. 27, 2017 | Jan. 31, 2019 | Jan. 31, 2018 |
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 228,000 | $ 448,000 | |||||||||||
Debt instrument conversion, amount | $ 261,626 | ||||||||||||
Debt conversion on convertible shares | 298,015,472 | ||||||||||||
Debt discounts amount | 461,589 | $ 247,299 | |||||||||||
Original issue discount amount | 14,000 | 25,000 | |||||||||||
Amortization of debt discount | 467,133 | 265,229 | |||||||||||
July 2017 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 48,000 | ||||||||||||
Debt instrument, fee amount | 2,000 | ||||||||||||
Principal amount | $ 50,000 | ||||||||||||
Interest rate | 12.00% | ||||||||||||
Debt instrument, maturity date | Apr. 26, 2018 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 45.00% | ||||||||||||
Debt instrument conversion, amount | $ 23,339 | $ 30,000 | |||||||||||
Debt conversion on convertible shares | 38,576,247 | 45,454,544 | |||||||||||
Principal and interest total amount | $ 0 | $ 23,090 | |||||||||||
September 2017 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 40,000 | ||||||||||||
Debt instrument, fee amount | 3,000 | ||||||||||||
Principal amount | $ 43,000 | ||||||||||||
Interest rate | 8.00% | ||||||||||||
Debt instrument, maturity date | Sep. 13, 2018 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 65.00% | ||||||||||||
Debt instrument conversion, amount | $ 44,720 | ||||||||||||
Debt conversion on convertible shares | 61,825,722 | ||||||||||||
Principal and interest total amount | $ 0 | 44,906 | |||||||||||
October 2017 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 48,000 | ||||||||||||
Debt instrument, fee amount | 2,000 | ||||||||||||
Principal amount | $ 50,000 | ||||||||||||
Interest rate | 12.00% | ||||||||||||
Debt instrument, maturity date | Oct. 18, 2018 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 45.00% | ||||||||||||
Debt instrument conversion, amount | $ 54,261 | ||||||||||||
Debt conversion on convertible shares | 92,993,090 | ||||||||||||
Principal and interest total amount | $ 0 | $ 51,693 | |||||||||||
November 2017 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 48,000 | ||||||||||||
Debt instrument, fee amount | 2,000 | ||||||||||||
Principal amount | $ 50,000 | ||||||||||||
Interest rate | 12.00% | ||||||||||||
Debt instrument, maturity date | Nov. 20, 2018 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 45.00% | ||||||||||||
Debt instrument conversion, amount | $ 54,134 | ||||||||||||
Debt conversion on convertible shares | 104,311,615 | ||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||
December 2017 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 48,000 | ||||||||||||
Debt instrument, fee amount | 2,000 | ||||||||||||
Principal amount | $ 50,000 | ||||||||||||
Interest rate | 12.00% | ||||||||||||
Debt instrument, maturity date | Dec. 20, 2018 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 45.00% | ||||||||||||
Debt instrument conversion, amount | $ 54,146 | ||||||||||||
Debt conversion on convertible shares | 141,350,757 | ||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||
January 2018 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 48,000 | ||||||||||||
Debt instrument, fee amount | 2,000 | ||||||||||||
Principal amount | $ 50,000 | ||||||||||||
Interest rate | 12.00% | ||||||||||||
Debt instrument, maturity date | Jan. 22, 2019 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 45.00% | ||||||||||||
Debt instrument conversion, amount | $ 54,692 | ||||||||||||
Debt conversion on convertible shares | 298,134,302 | ||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||
February 2018 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 50,000 | ||||||||||||
Interest rate | 8.00% | ||||||||||||
Debt instrument, maturity date | Nov. 30, 2018 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 65.00% | ||||||||||||
Debt instrument conversion, amount | $ 55,120 | ||||||||||||
Debt conversion on convertible shares | 123,062,822 | ||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||
Original issue discount amount | $ 3,000 | ||||||||||||
March 2018 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 50,000 | ||||||||||||
Interest rate | 8.00% | ||||||||||||
Debt instrument, maturity date | Jan. 15, 2019 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 65.00% | ||||||||||||
Debt instrument conversion, amount | $ 57,120 | ||||||||||||
Debt conversion on convertible shares | 159,445,163 | ||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||
Original issue discount amount | $ 3,000 | ||||||||||||
April 2018 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 40,000 | ||||||||||||
Interest rate | 8.00% | ||||||||||||
Debt instrument, maturity date | Feb. 15, 2019 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 65.00% | ||||||||||||
Debt instrument conversion, amount | $ 44,720 | ||||||||||||
Debt conversion on convertible shares | 184,601,399 | ||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||
Original issue discount amount | $ 3,000 | ||||||||||||
June 2018 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 40,000 | ||||||||||||
Interest rate | 8.00% | ||||||||||||
Debt instrument, maturity date | Mar. 15, 2019 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 65.00% | ||||||||||||
Debt instrument conversion, amount | $ 44,720 | ||||||||||||
Debt conversion on convertible shares | 229,333,333 | ||||||||||||
Principal and interest total amount | $ 0 | ||||||||||||
Original issue discount amount | $ 3,000 | ||||||||||||
July 2018 Note [Member] | |||||||||||||
Debt Instrument [Line Items] | |||||||||||||
Proceeds from debt | $ 48,000 | ||||||||||||
Principal amount | $ 50,000 | ||||||||||||
Interest rate | 12.00% | ||||||||||||
Debt instrument, maturity date | Jul. 19, 2019 | ||||||||||||
Percentage of debt discount lowest weighted average market price | 45.00% | ||||||||||||
Debt instrument conversion, amount | $ 31,581 | ||||||||||||
Debt conversion on convertible shares | 191,396,961 | ||||||||||||
Principal and interest total amount | $ 21,641 | ||||||||||||
Original issue discount amount | $ 2,000 |
Long-term Debt and Convertibl_4
Long-term Debt and Convertible Promissory Notes - Summary of Convertible Promissory Notes (Details) - USD ($) | Jan. 31, 2019 | Jan. 31, 2018 |
Debt Instrument [Line Items] | ||
Convertible note payable | $ 21,641 | $ 271,712 |
Less debt discount | (20,584) | (9,716) |
Less current portion of convertible notes | (1,057) | (261,996) |
Long-term convertible notes payable | ||
Convertible Debt One [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | 23,090 | |
Convertible Debt Two [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | 44,906 | |
Convertible Debt Three [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | 51,693 | |
Convertible Debt Four [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | 51,184 | |
Convertible Debt Five [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | 50,691 | |
Convertible Debt Six [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | 50,148 | |
Convertible Debt Seven [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | ||
Convertible Debt Eight [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | ||
Convertible Debt Nine [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | ||
Convertible Debt Ten [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | ||
Convertible Debt Eleven [Member] | ||
Debt Instrument [Line Items] | ||
Convertible note payable | $ 21,641 |
Long-term Debt and Convertibl_5
Long-term Debt and Convertible Promissory Notes - Summary of Convertible Promissory Notes (Details) (Parenthetical) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Convertible Debt One [Member] | ||
Percentage of convertible notes | 12.00% | 12.00% |
Due date | Apr. 30, 2018 | Apr. 30, 2018 |
Convertible Debt Two [Member] | ||
Percentage of convertible notes | 8.00% | 8.00% |
Due date | Sep. 30, 2018 | Sep. 30, 2018 |
Convertible Debt Three [Member] | ||
Percentage of convertible notes | 12.00% | 12.00% |
Due date | Oct. 31, 2018 | Oct. 31, 2018 |
Convertible Debt Four [Member] | ||
Percentage of convertible notes | 12.00% | 12.00% |
Due date | Nov. 30, 2018 | Nov. 30, 2018 |
Convertible Debt Five [Member] | ||
Percentage of convertible notes | 12.00% | 12.00% |
Due date | Dec. 31, 2018 | Dec. 31, 2018 |
Convertible Debt Six [Member] | ||
Percentage of convertible notes | 12.00% | 12.00% |
Due date | Jan. 31, 2019 | Jan. 31, 2019 |
Convertible Debt Seven [Member] | ||
Percentage of convertible notes | 8.00% | 8.00% |
Due date | Nov. 30, 2018 | Nov. 30, 2018 |
Convertible Debt Eight [Member] | ||
Percentage of convertible notes | 8.00% | 8.00% |
Due date | Jan. 31, 2019 | Jan. 31, 2019 |
Convertible Debt Nine [Member] | ||
Percentage of convertible notes | 8.00% | 8.00% |
Due date | Feb. 28, 2019 | Feb. 28, 2019 |
Convertible Debt Ten [Member] | ||
Percentage of convertible notes | 8.00% | 8.00% |
Due date | Mar. 31, 2019 | Mar. 31, 2019 |
Convertible Debt Eleven [Member] | ||
Percentage of convertible notes | 12.00% | 12.00% |
Due date | Jul. 31, 2019 | Jul. 31, 2019 |
Derivative Liabilities (Details
Derivative Liabilities (Details Narrative) | 12 Months Ended |
Jan. 31, 2019USD ($) | |
Conversion note description | Conversion of the notes to stock would be completed monthly after any holding period and would be limited based on: 5% of the last 6 months average trading volume and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. |
Percentage of exercise price for warrant, description | The Holder would exercise the warrant after any holding period prior to maturity at target prices starting at 2 times the exercise price for the Warrants or higher subject to monthly limits of: 5% of the last 6 months average trading volume increasing by 1% per month and the ownership limit identified in the contract assuming the underlying number of common shares increases at 1% per month. |
Derivative liabilities | $ 28,349 |
Fair value of convertible debt | 30,307 |
Derivative loss | 90,204 |
Amortization of debt discount | 461,589 |
Interest expense related to amortization of debt discount | 442,396 |
Original debt issuance cost | 22,324 |
Unamortized debt discount related to derivative liability | 19,651 |
Derivative gain | 142,782 |
Reclassification of equity to derivative liability | 2,760 |
Reclassification of derivative liability to equity | $ 521,801 |
Measurement Input, Price Volatility [Member] | Minimum [Member] | |
Fair value assumptions, measurement input, percentages | 144.00% |
Measurement Input, Price Volatility [Member] | Maximum [Member] | |
Fair value assumptions, measurement input, percentages | 166.00% |
Derivative Liabilities - Schedu
Derivative Liabilities - Schedule of Changes in Fair Value of Derivative Liabilities (Details) - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||
Beginning balance | $ 168,686 | |
Total (gains) losses | (52,578) | (36,593) |
Settlements | (519,041) | (293,018) |
Additions | 461,589 | 498,297 |
Ending balance | 58,656 | 168,686 |
Change in unrealized (gains) losses included in earnings relating to derivatives as of January 31, 2019 and 2018 | $ (52,578) | $ (36,593) |
Common Stock (Details Narrative
Common Stock (Details Narrative) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jul. 31, 2014 | Jan. 31, 2019 | Jan. 31, 2018 | Jul. 15, 2015 | |
Increase number of authorized common shares | 6,250,000,000 | 6,250,000,000 | ||
Proceeds from issuance of common stock | $ 13,000 | $ 228,334 | ||
Number of common stock shares issued in conversion | 298,015,472 | |||
Number of common stock shares issued in conversion, value | $ 261,626 | |||
Purchase of common stock shares | 1,750,000 | |||
Shares issued for services, shares | 30,000,000 | |||
Shares issued for services | $ 213,000 | |||
Loss on settlement | (9,333) | |||
Proceeds from warrants exercise | 4,900 | |||
Stock subscription receivable | 55,673 | |||
Impairment of stock subscription receivable | 55,673 | |||
Accounts payable and accrued liability | $ 213,000 | |||
Convertible Notes Payable [Member] | ||||
Number of common stock shares issued in conversion | 1,625,031,411 | |||
Number of common stock shares issued in conversion, value | $ 518,552 | |||
Investors [Member] | ||||
Common units issued to investor | 26,000,000 | 24,964,736 | ||
Proceeds from issuance of common stock | $ 13,000 | $ 58,000 | ||
Warrant exercise price description | The warrants have an exercise prices ranging from of $0.0028 to $0.0053 and have a three-year term. | |||
Warrants term | 3 years | 3 years | ||
Warrant exercise price per share | $ 0.0007 | |||
Tangiers Investment Group, LLC [Member] | ||||
Proceeds from issuance of common stock | $ 170,334 | |||
Purchase of common stock shares | 92,609,558 | |||
Third Parties [Member] | ||||
Shares issued for services, shares | 25,241,904 | |||
Shares issued for services | $ 57,081 | |||
Third Parties [Member] | Accounts Payable [Member] | ||||
Number of common stock shares issued in conversion | 24,242,424 | |||
Number of common stock shares issued in conversion, value | $ 44,000 | |||
Loss on settlement | 9,333 | |||
KVM [Member] | ||||
Purchase of common stock shares | 34,214,226 | |||
Purchase of common stock | $ 456,924 | |||
Stock subscription receivable | $ 55,673 | |||
Minimum [Member] | ||||
Conversion exercise price per share | $ 0.00066 | |||
Minimum [Member] | Convertible Notes Payable [Member] | ||||
Conversion exercise price per share | 0.0002 | |||
Maximum [Member] | ||||
Conversion exercise price per share | $ 0.00113 | |||
Maximum [Member] | Convertible Notes Payable [Member] | ||||
Conversion exercise price per share | $ 0.0007 | |||
Common Stock [Member] | ||||
Impairment of stock subscription receivable | ||||
Common Stock [Member] | Minimum [Member] | ||||
Increase number of authorized common shares | 1,250,000,000 | |||
Common Stock [Member] | Maximum [Member] | ||||
Increase number of authorized common shares | 6,250,000,000 |
Share-Based Compensation (Detai
Share-Based Compensation (Details Narrative) - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Intrinsic value of stock price | $ 0.0003 | $ 0.0020 |
Unrecognized share-based compensation | $ 0 | |
Share based compensation | $ 6,991 | |
Non-Employee Consultant and Vendors [Member] | ||
Stock option, granted | ||
Non-qualified Stock Options [Member] | Non-Employee Consultant and Vendors [Member] | ||
Intrinsic value of stock price | $ 0.0003 | $ 0.0020 |
Employee Stock Option [Member] | ||
Stock option, description | The options granted have a term not to exceed ten years from the date of grant or five years for options granted to more than 10% stockholders. The option price set by the Plan Administration shall not be less than the fair market value per share of the common stock on the grant date or 110% of the fair market value per share of the common stock on the grant date for options granted to greater than 10% stockholders. | |
2010 Stock Option Plan [Member] | ||
Stock option, granted | 8,328,800 | 7,500,000 |
2007 Stock Option Plan [Member] | ||
Stock option, granted | 212,500 | 112,500 |
2004 Stock Option Plan [Member] | ||
Stock option, granted | 41,250 | 41,250 |
Key Employees and Non-employee Consultants [Member] | 2010 Stock Option Plan [Member] | Maximum [Member] | ||
Stock option, granted | 95,500,000 | |
Key Employees and Non-employee Consultants [Member] | 2007 Stock Option Plan [Member] | Maximum [Member] | ||
Stock option, granted | 2,500,000 | |
Key Employees and Non-employee Consultants [Member] | 2004 Stock Option Plan [Member] | Maximum [Member] | ||
Stock option, granted | 962,500 | |
Officers, Employees and Consultants [Member] | Incentive and Non-QualifiedStock Options [Member] | ||
Share based compensation | $ 0 | $ 6,991 |
Share-Based Compensation - Sche
Share-Based Compensation - Schedule of Stock Options Activity (Details) - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Employees and Directors [Member] | ||
Number of options, Outstanding | 89,854,950 | 97,392,450 |
Number of options, Granted | ||
Number of options, Cancelled and/or forfeited | (100,000) | (7,537,500) |
Number of options, Exercised | ||
Number of options, Outstanding | 89,754,950 | 89,854,950 |
Number of options, Exercisable | 89,754,950 | |
Weighted average exercise price per share, Outstanding | $ 0.034 | $ 0.034 |
Weighted average exercise price per share, Granted | ||
Weighted average exercise price per share, Cancelled and/or forfeited | 0.880 | 0.042 |
Weighted average exercise price per share, Exercised | ||
Weighted average exercise price per share, Outstanding | 0.033 | $ 0.034 |
Weighted average exercise price per share, Exercisable | $ 0.033 | |
Weighted average remaining life (years), Outstanding Beginning | 3 years 6 months 21 days | 4 years 5 months 23 days |
Weighted average remaining life (years), Outstanding Ending | 2 years 6 months 21 days | 3 years 6 months 21 days |
Weighted average remaining life (years), Exercisable | 2 years 6 months 21 days | |
Aggregate intrinsic value, Outstanding | ||
Aggregate intrinsic value, Outstanding | ||
Aggregate intrinsic value, Exercisable | ||
Non-Employee Consultant and Vendors [Member] | ||
Number of options, Outstanding | 1,453,800 | 1,453,800 |
Number of options, Granted | ||
Number of options, Expired | (828,800) | |
Number of options, Exercised | ||
Number of options, Outstanding | 625,000 | 1,453,800 |
Number of options, Exercisable | 625,000 | |
Weighted average exercise price per share, Outstanding | $ 0.017 | $ 0.017 |
Weighted average exercise price per share, Granted | ||
Weighted average exercise price per share, Expired | 0.003 | |
Weighted average exercise price per share, Exercised | ||
Weighted average exercise price per share, Outstanding | 0.036 | $ 0.017 |
Weighted average exercise price per share, Exercisable | $ 0.036 | |
Weighted average remaining life (years), Outstanding Beginning | 2 years 7 months 28 days | 2 years 7 months 28 days |
Weighted average remaining life (years), Outstanding Ending | 1 year 9 months 25 days | 1 year 7 months 28 days |
Weighted average remaining life (years), Exercisable | 1 year 9 months 25 days | |
Aggregate intrinsic value, Outstanding | ||
Aggregate intrinsic value, Outstanding | ||
Aggregate intrinsic value, Exercisable |
Share-Based Compensation - Sc_2
Share-Based Compensation - Schedule of Share-based Compensation Expense (Details) - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Warrants [Line Items] | ||
Share-based compensation expense | $ 6,991 | |
Geological and Geophysical Costs [Member] | ||
Warrants [Line Items] | ||
Share-based compensation expense | 2,947 | |
Salaries and Benefits [Member] | ||
Warrants [Line Items] | ||
Share-based compensation expense | 2,947 | |
Investor Relations [Member] | ||
Warrants [Line Items] | ||
Share-based compensation expense | 1,097 | |
General and Administrative Expense [Member] | ||
Warrants [Line Items] | ||
Share-based compensation expense |
Warrants (Details Narrative)
Warrants (Details Narrative) - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Warrants and Rights Note Disclosure [Abstract] | ||
Share purchase warrants outstanding and exercisable | 154,414,489 | |
Warrants weighted average remaining life | 1 year 7 months 17 days | |
Weighted average exercise price of warrant | $ 0.005 | |
Weighted average intrinsic value for warrants outstanding | $ 0 | $ 0 |
Warrants - Schedule of Warrant
Warrants - Schedule of Warrant Activity (Details) - Warrant [Member] - $ / shares | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Warrants [Line Items] | ||
Number of warrants, Outstanding | 141,414,489 | 130,682,120 |
Number of warrants, Issued | 13,000,000 | 12,482,369 |
Number of warrants, Expired | ||
Number of warrants, Exercised | (1,750,000) | |
Number of warrants, Outstanding | 154,414,489 | 141,414,489 |
Number of warrants, Exercisable | 154,414,489 | |
Weighted average exercise price, Outstanding | $ 0.006 | $ 0.006 |
Weighted average exercise price, Issued | 0.0007 | 0.003 |
Weighted average exercise price, Expired | ||
Weighted average exercise price, Exercised | 0.003 | |
Weighted average exercise price, Outstanding | 0.005 | $ 0.006 |
Weighted average exercise price, Exercisable | $ 0.005 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | 12 Months Ended |
Jan. 31, 2019USD ($) | |
Net operating loss carry-forward | $ 31,000,000 |
Operating loss carryforwards expiration, description | Beginning in 2026 through 2038 |
Limitations on use of operating loss carryforwards, description | Internal Revenue Code Section 382 limits the ability to utilize net operating losses if a 50% change in ownership occurs over a three-year period. |
Income tax reconciliation description | US federal corporate tax rate from 35% to 21% |
Maximum [Member] | |
Net operating loss carry-forward | $ 277,000 |
Income Taxes - Schedule of Defe
Income Taxes - Schedule of Deferred Tax Asset (Details) - USD ($) | Jan. 31, 2019 | Jan. 31, 2018 |
Income Tax Disclosure [Abstract] | ||
Deferred Tax Assets | $ 6,535,000 | $ 6,258,000 |
Less Valuation Allowance | (6,535,000) | (6,258,000) |
Deferred Tax Assets, Net |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 12 Months Ended | |
Jan. 31, 2019 | Jan. 31, 2018 | |
Related Party Transaction [Line Items] | ||
Monthly payment of rent | $ 522 | $ 522 |
Total rent expense | 6,264 | |
Related party debt | $ 106,944 | |
Fees due date | Sep. 1, 2018 | |
Accounts payable | $ 52,332 | 34,798 |
Notes payable to related party | 106,943 | |
Accrued interest | 1,050 | |
January 31, 2019 until September 1, 2019 [Member] | ||
Related Party Transaction [Line Items] | ||
Monthly payment of rent | 4,650 | |
Jim Briscoe [Member] | ||
Related Party Transaction [Line Items] | ||
Monthly payment of rent | 522 | |
Total rent expense | 6,264 | 6,264 |
Related party debt | 2,996 | |
Accrued unpaid wages | 759,949 | 668,949 |
Former President [Member] | ||
Related Party Transaction [Line Items] | ||
Accrued unpaid wages | 15,625 | 15,625 |
Patricia Madaris, CFO [Member] | ||
Related Party Transaction [Line Items] | ||
Accrued unpaid wages | 31,137 | |
Spouse of James Briscoe [Member] | ||
Related Party Transaction [Line Items] | ||
Due to related party | 13,325 | |
JABA [Member] | ||
Related Party Transaction [Line Items] | ||
Accounts payable | 34,798 | |
Director [Member] | October 31, 2018 [Member] | ||
Related Party Transaction [Line Items] | ||
Advances from a director | $ 73,193 | |
Debt instrument, maturity date | Oct. 31, 2019 | |
Director [Member] | December 20, 2018 [Member] | ||
Related Party Transaction [Line Items] | ||
Advances from a director | $ 22,700 | |
Debt instrument, maturity date | Jan. 31, 2020 | |
Debt instrument interest rate | 10.00% | |
James Briscoe [Member] | September 17, 2018 [Member] | ||
Related Party Transaction [Line Items] | ||
Related party debt | $ 10,000 | |
Debt instrument, maturity date | Sep. 17, 2019 | |
Debt instrument interest rate | 10.00% | |
Former Director [Member] | ||
Related Party Transaction [Line Items] | ||
Total rent expense | $ 8,525 | |
Debt instrument, maturity date | Sep. 1, 2019 |
Commitments and Contingencies (
Commitments and Contingencies (Details Narrative) | 12 Months Ended | |
Jan. 31, 2019USD ($)a$ / shares | Mar. 31, 2019 | |
Commitments and contingencies, description | We hold AZ MEP permits for 6,639.95 acres at our Tombstone project. We paid filing and rental fees for our AZ MEP's before their respective due dates in the amount of $15,926.88. | |
Operating lease term | 24 months | |
AZ MEP [Member] | ||
Project validity description | AZ MEP permits cost $500 per permit per year in non-refundable filing fees and are valid for 1 year and renewable for up to 5 years. | |
AZ MEP [Member] | Phase 1 [Member] | ||
Minimum work expenditure requirements | $ 15,927 | |
First Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 2 | |
Minimum work expenditure requirements | $ 10 | |
Second Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 2 | |
Minimum work expenditure requirements | $ 10 | |
Third Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 1 | |
Minimum work expenditure requirements | $ 20 | |
Fourth Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 1 | |
Minimum work expenditure requirements | $ 20 | |
Fifth Year [Member] | AZ MEP [Member] | ||
Rental fee per acre | $ / shares | $ 1 | |
Minimum work expenditure requirements | $ 20 | |
September 30, 2017 [Member] | ||
Operating lease rent expense | 2,100 | |
September 30, 2018 [Member] | ||
Operating lease rent expense | 2,163 | |
North Pipes Project [Member] | ||
Rental expenses for mineral claim | 155 | |
North Pipes Project [Member] | September 1, 2017 to September 1, 2018 [Member] | ||
Operating lease rent expense | $ 1,705 | |
North Pipes Project [Member] | September 1, 2018 to September 1, 2019 [Member] | ||
Lease due date | Sep. 1, 2019 | |
East Silver Bell Project [Member] | ||
Rental expenses for mineral claim | $ 155 | |
East Silver Bell Project [Member] | September 1, 2018 to September 1, 2019 [Member] | ||
Operating lease rent expense | $ 155 | |
Lease due date | Sep. 1, 2019 | |
East Silver Bell Project [Member] | September 1, 2019 to September 1, 2020 [Member] | ||
Accrued rent | $ 155 | |
Tombstone Project [Member] | ||
Rental expenses for mineral claim | 155 | |
Operating lease rent expense | $ 45 | |
Area of land | a | 6,639.95 | |
Tombstone Project [Member] | JABA Option Agreement [Member] | ||
Rental expenses for mineral claim | $ 155 | |
Project validity description | The rentals due by September 1, 2019 for the period from September 1, 2019 through September 1, 2020 have not been paid and the Company will not be renewing this option when it expires on September 1, 2019. | |
Tombstone Project [Member] | September 1, 2018 to September 1, 2019 [Member] | ||
Accrued rent | $ 10,230 | |
Tombstone Project [Member] | September 1, 2018 to September 1, 2019 [Member] | JABA Option Agreement [Member] | ||
Accrued rent | $ 4,495 | |
Tombstone Project [Member] | September 1, 2019 to September 1, 2020 [Member] | ||
Lease due date | Sep. 1, 2018 | |
Tombstone Project [Member] | September 30, 2018 Through theYear Ended January 31, 2019 [Member] | ||
Operating lease rent expense | $ 2,230 |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments - Schedule of Fair Value of Financial Instruments (Details) - USD ($) | Jan. 31, 2019 | Jan. 31, 2018 | Jan. 31, 2017 |
Warrant and convertible note derivative liability | $ 58,656 | $ 168,686 | |
Fair Value, Inputs, Level 1 [Member] | |||
Warrant and convertible note derivative liability | |||
Fair Value, Inputs, Level 2 [Member] | |||
Warrant and convertible note derivative liability | |||
Fair Value, Inputs, Level 3 [Member] | |||
Warrant and convertible note derivative liability | $ 58,656 | $ 168,686 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | Apr. 30, 2019 | Apr. 12, 2019 | Feb. 08, 2019 | Mar. 31, 2019 | Feb. 28, 2019 | Jan. 31, 2018 | Jan. 31, 2019 |
Subsequent Event [Line Items] | |||||||
Original issue discount amount | $ 25,000 | $ 14,000 | |||||
Number of common stock shares issued | 1,750,000 | ||||||
Convertible debt | $ 271,712 | $ 21,641 | |||||
Subsequent Event [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Number of common stock shares issued | 197,400,727 | ||||||
Convertible debt | $ 21,714 | ||||||
Warrants term description | Warrants expiring in May 2019 by three years. | ||||||
Subsequent Event [Member] | Brett Gross [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Proceeds from debt | $ 3,500 | 3,500 | |||||
Subsequent Event [Member] | Pete O'Heeron [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Proceeds from debt | $ 18,500 | $ 18,500 | |||||
Subsequent Event [Member] | April 10, 2019 [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Proceeds from debt | $ 50,000 | ||||||
Debt instrument interest rate | 8.00% | ||||||
Original issue discount amount | $ 3,000 | ||||||
Debt instrument, due date | Feb. 28, 2020 | ||||||
Percentage of debt discount lowest weighted average market price | 65.00% | ||||||
Subsequent Event [Member] | March 11, 2019 [Member] | |||||||
Subsequent Event [Line Items] | |||||||
Debt instrument interest rate | 10.00% | ||||||
Debt instrument, due date | Mar. 11, 2020 | ||||||
Unsecured promissory note | $ 10,000 |