Stockholders’ deficit | NOTE 5 – Stockholders’ deficit Common Stock Our common shares are all of the same class, are voting and entitle stockholders to receive dividends to the extent declared by the Board of Directors. Upon liquidation or wind-up, stockholders are entitled to participate equally with respect to any distribution of net assets. On July 3, 2024, the Board of Directors amended the articles of incorporation to increase the Company’s common stock by 75,000,000 Common Stock for Services On May 26, 2023, the Company entered into a twelve-month stock compensation and subscription agreement with an investor relations firm that includes the issuance of 978,300 978,300 12,229 On August 5, 2024, the Company entered into a twelve-month stock compensation and subscription agreement with an investor relations firm that includes the issuance of 225,000 45,000 45,000 Equity Financing On September 25, 2024, the Company entered into an investment agreement (the “Investment Agreement”) with GHS Investments, LLC (the “Investor”), whereby the Investor has agreed to invest up to $ 10,000,000 The amount that we shall be entitled to sell to Investor shall be equal to two hundred percent (200%) of the average daily volume (U.S. market only) of the common stock for the ten (10) trading days prior to the applicable notice date so long as such amount does not exceed a calculated dollar amount per every 10 days of $500,000. The minimum amount shall be equal to $10,000. 79,976 6,414 0.08 100,000 20,000 1,000 20,000 Shares Issued for Conversion of Notes During the nine months ended October 31, 2024, the Company issued a total of 867,389 110,000 4,000 0.0961 0.1888 Subscription Receivable On September 29, 2022, the Company granted 674,000 ten years 0.15 104,226 101,100 674,000 3.15 September 30, 2027 On March 13, 2023, the Company granted 250,000 ten years 0.067 16,750 16,750 250,000 3.15 March 15, 2028 16,750 480 As of October 31, 2024, and January 31, 2024, the subscription receivable was $ 101,100 117,850 Stock Options Qualified and non-qualified incentive stock options outstanding at October 31, 2024 are as follows: Schedule of Stock Option Activity Number of Weighted Outstanding, January 31, 2024 2,808,760 $ 0.83 Granted 632,238 0.22 Expired – – Exercised (75,000 ) 0.05 Outstanding, October 31, 2024 3,365,998 $ 0.74 Exercisable, October 31, 2024 3,203,498 $ 0.76 These options had a weighted average remaining life of 9.11 253,984 0.178 On December 4, 2023, the Company entered into a letter of understanding with a geologist for services to be provided to the Company. As compensation, the Company will pay $ 4,000 10,000 4,000 three years 54,000 0.047 0.725 15,024 15,024 On June 28, 2024, the Company granted 165,737 ten years 0.226 37,457 0.226 0.226 10 178 4.36 0 On August 23, 2024, the Company granted 75,000 ten years 0.16 12,337 0.226 0.226 6.3 191 3.71 0 During the nine months ended October 31, 2024 and 2023, we recognized $ 300,101 38,553 As of October 31, 2024, there was $ 47,901 Warrants As of October 31, 2024, there were 14,032,073 13,524,541 1.75 0.12 1,618,975 Stock warrants outstanding at October 31, 2024 are as follows: Schedule of Stock Warrants Outstanding Number of Weighted Outstanding, January 31, 2024 14,254,813 $ 0.21 Issued – – Expired (222,740 ) 1.26 Exercised – – Outstanding, October 31, 2024 14,032,073 $ 0.19 Exercisable, October 31, 2024 13,524,541 $ 0.12 |