I-Minerals (IMAHF) 8-K 30 Dec 22 Financial Statements and Exhibits Financial data

Cover

Cover	Dec. 29, 2022
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 29, 2022
Entity File Number	000-55321
Entity Registrant Name	I-MINERALS INC.
Entity Central Index Key	0001405663
Entity Tax Identification Number	20-4644299
Entity Incorporation, State or Country Code	Z4
Entity Address, Address Line One	Suite 1100
Entity Address, Address Line Two	1199 West Hastings Street
Entity Address, City or Town	Vancouver
Entity Address, State or Province	BC
Entity Address, Postal Zip Code	V6E 3T5
City Area Code	(877)
Local Phone Number	303-6573
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false

Consolidated Balance Sheets

Consolidated Balance Sheets - Recast [Member] - USD ($)	Apr. 30, 2022	Apr. 30, 2021
Current assets
Cash and cash equivalents	$ 14,029	$ 89,120
Receivables	19,584	5,819
Prepaids	23,079	60,788
Assets held-for-sale	1,952,012	1,993,800
TOTAL ASSETS	2,008,704	2,149,527
Current liabilities
Accounts payable and accrued liabilities	1,250,188	2,785,881
Promissory notes due to related party	34,776,937	32,029,474
Liabilities held-for-sale	152,864	150,533
TOTAL LIABILITIES	36,179,989	34,965,888
CAPITAL DEFICIT
Issued and fully paid: 93,730,212 (April 30, 2021 – 93,730,212)	19,225,087	19,225,087
Additional paid-in capital	1,865,342	1,865,342
Deficit	(55,261,714)	(53,906,790)
TOTAL CAPITAL DEFICIT	(34,171,285)	(32,816,361)
TOTAL LIABILITIES AND CAPITAL DEFICIT	$ 2,008,704	$ 2,149,527

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - Recast [Member] - $ / shares	Apr. 30, 2022	Apr. 30, 2021
Common Stock, Par or Stated Value Per Share	$ 0	$ 0
Common Stock, Shares Authorized	93,730,212	93,730,212
Common Stock, Shares, Issued	93,730,212	93,730,212

Consolidated Statements of Loss

Consolidated Statements of Loss - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
OPERATING EXPENSES
Amortization		$ 2,040
Management and consulting fees	103,893	103,602
General and miscellaneous	129,525	144,210
Professional fees	207,027	156,821
	(440,445)	(406,673)
OTHER (EXPENSE) INCOME FROM CONTINUING OPERATIONS
Foreign exchange gain	2,280	4,300
Interest expense	(104,091)	(3,725,237)
LOSS FOR THE YEAR FROM CONTINUING OPERATIONS	(542,256)	(4,127,610)
Loss for the year from discontinued operations	(812,668)	(771,649)
LOSS FOR THE YEAR	$ (1,354,924)	$ (4,899,259)
Loss per share from continuing operations – basic and diluted	$ 0	$ 0
Loss per share from discontinued operations – basic and diluted	$ (0.01)	$ (0.05)
Weighted average number of shares outstanding	93,730,212	93,730,212

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Change in non-cash operating working capital items:
	$ (1,190,228)	$ (1,186,324)
Recast [Member]
OPERATING ACTIVITIES
Net loss for the year	(1,354,924)	(4,899,259)
Items not involving cash:
Amortization	2,534	7,294
Change in non-cash operating working capital items:
Receivables	(13,765)	3,365
Prepaids	37,163	(47,151)
Accounts payable and accrued liabilities	138,764	3,749,427
Cash flows used in operating activities from continuing operations	(406,542)	(460,988)
Cash flows used in operating activities from discontinued operations	(783,686)	(725,336)
INVESTING ACTIVITIES
Purchase of equipment		(879)
Cash flows used in investing activities from discontinued operations		(879)
FINANCING ACTIVITIES
Proceeds from promissory notes received	1,100,000	950,000
Cash flows from financing activities from continuing operations	1,100,000	950,000
DECREASE IN CASH	(90,228)	(237,203)
CASH, BEGINNING OF THE YEAR	110,684	347,887
CASH, END OF THE YEAR	20,456	110,684
SUPPLEMENTAL CASH FLOW INFORMATION (Note 11)
Interest paid
Taxes paid

Consolidated Statements of Capi

Consolidated Statements of Capital Deficit - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Balance at April 30, 2021	$ (32,816,361)	$ (27,578,308)	$ (27,594,849)
Adoption of ASU 2018-07 adjustment (Note 2)			16,541
Balance at April 30, 2022	(34,171,285)	(32,816,361)	(27,578,308)
Withholding tax (Note 6)		(338,794)
Loss for the year	(1,354,924)	(4,899,259)
Common Stock [Member]
Balance at April 30, 2021	$ 19,225,087	$ 19,225,087	$ 19,225,087
Common Stock, Shares, Outstanding, Beginning Balance	93,730,212	93,730,212	93,730,212
Adoption of ASU 2018-07 adjustment (Note 2)
Balance at April 30, 2022	$ 19,225,087	$ 19,225,087	$ 19,225,087
Common Stock, Shares, Outstanding, Ending Balance	93,730,212	93,730,212	93,730,212
Withholding tax (Note 6)
Loss for the year
Warrant [Member]
Balance at April 30, 2021
Adoption of ASU 2018-07 adjustment (Note 2)
Balance at April 30, 2022
Withholding tax (Note 6)
Loss for the year
Additional Paid-in Capital [Member]
Balance at April 30, 2021	1,865,342	1,865,342	1,865,342
Adoption of ASU 2018-07 adjustment (Note 2)
Balance at April 30, 2022	1,865,342	1,865,342	1,865,342
Withholding tax (Note 6)
Loss for the year
Retained Earnings [Member]
Balance at April 30, 2021	(53,906,790)	(48,668,737)	(48,685,278)
Adoption of ASU 2018-07 adjustment (Note 2)			16,541
Balance at April 30, 2022	(55,261,714)	(53,906,790)	$ (48,668,737)
Withholding tax (Note 6)		(338,794)
Loss for the year	$ (1,354,924)	$ (4,899,259)

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION AND LIQUIDITY:	Dec. 29, 2022
Recast [Member]
NATURE OF BUSINESS AND BASIS OF PRESENTATION AND LIQUIDITY:	1. NATURE OF BUSINESS AND BASIS OF PRESENTATION AND LIQUIDITY: I-Minerals Inc. (the “Company”) was incorporated under the laws of British Columbia, Canada, in 1984. The Company is listed for trading on the TSX Venture Exchange under the symbol “IMA” and the OTCQB marketplace under the symbol “IMAHF”. The Company’s principal business is the development of the Helmer-Bovill industrial mineral property (“the Property”) located in Latah County, Idaho. Since inception, the Company has been in the exploration and evaluation stage but moved into the development stage in fiscal 2018. In fiscal 2019, the Company reverted back to the evaluation stage as management determined that the Feasibility Study on the property should be considered non-current. The Helmer-Bovill property is comprised of eleven mineral leases that host potentially economic deposits of feldspar, quartz and kaolinitic clays, primarily kaolinite and halloysite. Basis of Presentation and Going Concern The accompanying consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) on the basis that the Company will continue as a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for the next year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At April 30, 2022, the Company had not yet achieved profitable operations, had an accumulated deficit of $ 55,261,714 The Company’s ability to continue as a going concern is dependent upon its ability to obtain the necessary financing to develop the Property and to meet its obligations and repay its liabilities arising from normal business operations when they come due. Although the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms advantageous to the Company. The Company has been receiving funds from a company controlled by a director of the Company through promissory notes (Note 6). Management considers that the Company will be able to obtain additional funds by promissory notes; however, there is no assurance of additional funding being available. The Company has historically satisfied its capital needs primarily by issuing equity securities and/or promissory notes. Management plans to continue to provide for its capital needs by issuing promissory notes. Upon completion of the sale, the Company plans to undertake a financing to fund its operations and reduce monthly expenses in an effort to conserve cash.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	Dec. 29, 2022
Recast [Member]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Presentation and Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries, i-Minerals USA, Inc. and CKD Ventures Ltd. All inter-company accounts and transactions have been eliminated. The Company’s fiscal year-end is April 30 th Use of Estimates The preparation of these consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the useful life and recoverability of long-lived assets, stock-based compensation, amortization of promissory notes financing fees, valuation of derivative liabilities, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. Cash and cash equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. As at April 30, 2022 and 2021, the Company had no cash equivalents. Equipment Equipment is carried at cost and is amortized over the estimated useful economic lives using the declining balance method at an annual rate of 30%. Mineral Property Acquisition and Exploration Costs Mineral property acquisition costs are capitalized when incurred. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral property claims. Costs related to the development of mineral reserves are capitalized when it has been determined an ore body can be economically developed. The development stage begins when an ore body is determined to be economically recoverable based on proven and probable reserves and appropriate permits are in place, and ends when the production stage or exploitation of reserves begins. Major mine development expenditures are capitalized, including primary development costs such as costs of building access ways, tailings impoundment, development of water supply and infrastructure developments. Exploration costs include those relating to activities carried out (a) in search of previously unidentified mineral deposits, or (b) at undeveloped concessions. Pre-development activities involve costs incurred in the exploration stage that may ultimately benefit production that are expensed due to the lack of evidence of economic development, which is necessary to demonstrate future recoverability of these expenses. Secondary development costs are incurred for preparation of an ore body for production in a specific ore block or work area, providing a relatively short-lived benefit only to the mine area they relate to, and not to the ore body as a whole. Once production has commenced, capitalized costs will be depleted using the units-of-production method over the estimated life of the proven and probable reserves. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to the Consolidated Statements of Loss in that period. We assess the carrying cost of our mineral properties for impairment whenever information or circumstances indicate the potential for impairment. Such evaluations compare estimated future net cash flows with our carrying costs and future obligations on an undiscounted basis. If it is determined that the future undiscounted cash flows are less than the carrying value of the property, a write down to the estimated fair value is charged to the Consolidated Statements of Loss for the period. Where estimates of future net cash flows are not available and where other conditions suggest impairment, management assesses if the carrying value can be recovered. For significant development projects, interest is capitalized as part of the historical cost of developing and constructing assets in accordance with ASC 835-20. Interest is capitalized until the asset is ready for service. Capitalized interest is determined by multiplying the Company’s weighted-average borrowing cost on general debt by the average amount of qualifying costs incurred. Once an asset subject to interest capitalization is completed and placed in service, the associated capitalized interest is expensed through depletion or impairment. Debt Issuance Costs Debt issuance costs paid to the purchaser of the debt are considered to be a reduction of the debt proceeds and a component of debt discount. Subsequently, the costs comprising this debt discount are amortized as financing fees over the term of the promissory notes using the effective interest method. During the year ended April 30, 2022, the Company amortized financing fees totaling $nil (2021 – $nil). Financial Instruments and Fair Value Measures The book value of cash, receivables, accounts payable and accrued liabilities approximate their fair values due to the immediate or short-term maturity of those instruments. The fair value hierarchy under US GAAP is based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following: Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 - observable inputs other than Level I, quoted prices for similar assets or liabilities in active prices whose inputs are observable or whose significant value drivers are observable; and Level 3 - assets and liabilities whose significant value drivers are unobservable by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company’s promissory notes are carried at amortized cost. A summary of the Company’s Level 3 liabilities for the years ended April 30, 2022 and 2021 is as follows: Summary of Liabilities 2022 $ 2021 $ Non-employee options (Note 7) Beginning fair value - 16,541 Transfer value on exercise - - Fair value of options on vesting - - Change in fair value - - Adoption of ASU 2018-07 adjustment - (16,541) Total Level 3 liabilities - - Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances (for example, when there is evidence of impairment). There were no assets or liabilities measured at fair value on a nonrecurring basis during the years ended April 30, 2022 and 2021. Loss Per Share The basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. For the year ended April 30, 2022, loss per share excludes 1,250,000 2,750,000 Foreign Currency Translation The Company’s functional and reporting currency is the US dollar. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date and non-monetary items are translated at exchange rates prevailing when the assets were acquired or obligations incurred. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. Income Taxes The Company accounts for income taxes using the asset and liability method. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. The Company has adopted the provisions of FASB ASC 740 "Income Taxes" regarding accounting for uncertainty in income taxes. The Company initially recognizes tax positions in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with the tax authority, assuming full knowledge of the position and all relevant facts. Application requires numerous estimates based on available information. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, and its recognized tax positions and tax benefits may not accurately anticipate actual outcomes. As additional information is obtained, there may be a need to periodically adjust the recognized tax positions and tax benefits. These periodic adjustments may have a material impact on the consolidated statements of operations. When applicable, the Company classifies penalties and interest associated with uncertain tax positions as a component of income tax expense in its consolidated Statement of Loss. Stock-Based Compensation The Company accounts for all stock-based payments and awards under the fair value based method. Stock-based payments to non-employees are measured at the fair value of the consideration received, or the fair value of the equity instruments issued, or liabilities incurred, whichever is more reliably measurable. The fair value of stock-based payments to non-employees is periodically re-measured until the counterparty performance is complete, and any change therein is recognized over the vesting period of the award and in the same manner as if the Company had paid cash instead of paying with or using equity based instruments. The cost of the stock-based payments to non-employees that are fully vested and non-forfeitable as at the grant date is measured and recognized at that date, unless there is a contractual term for services in which case such compensation would be amortized over the contractual term. The Company accounts for the granting of stock options to employees using the fair value method whereby all awards to employees will be recorded at fair value on the date of the grant. The fair value of all stock options is expensed over their vesting period with a corresponding increase to additional paid-in capital. Compensation costs for stock-based payments that do not include performance conditions are recognized on a straight-line basis. Compensation cost associated with a share-based award having a performance condition is only recognized over the requisite service period if it is probable. Share based awards with a performance condition are accrued on an award by award basis. The Company uses the Black-Scholes option valuation model to calculate the fair value of stock options at the date of the grant. Option pricing models require the input of highly subjective assumptions, including the expected price volatility. Changes in these assumptions can materially affect the fair value estimates. Concentration of Risk The Company is subject to interest rate risk on its debt financings. The Company generally uses fixed interest rates. Held-for-sale assets and liabilities Items are classified as being held-for-sale once they meet criteria relating to the intention to sell and the likelihood of a sale taking place. All of I-Minerals USA’s assets and liabilities have been accounted for as held-for-sale. Adoption of New Accounting Pronouncements Income Taxes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 will simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. For public business entities, the amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Effective May 1, 2021, the Company adopted the new standard. The adoption of this ASU did not result in any adjustments to the financial statements. Recently Issued Accounting Pronouncements Financial Instruments - Credit Losses In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 replaced the incurred loss impairment methodology under current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 requires use of a forward-looking expected credit loss model for accounts receivables, loans, and other financial instruments. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. In October 2019, the FASB issued ASU No. 2019-10, “Financial Instruments-Credit Losses (Topic 326): Effective Dates”, to finalize the effective date delays for private companies, not-for-profits, and smaller reporting companies applying the CECL standards. The ASU is effective for reporting periods beginning after December 15, 2022 and interim periods within those fiscal years. Early adoption is permitted. The Company has not early adopted this update and it will become effective on April 1, 2023 assuming the Company will remain an emerging growth company. The Company is currently assessing the impact of adopting this standard on its consolidated financial statements.

MINERAL PROPERTY INTEREST AND D

MINERAL PROPERTY INTEREST AND DEFERRED DEVELOPMENT COSTS:	Dec. 29, 2022
Recast [Member]
MINERAL PROPERTY INTEREST AND DEFERRED DEVELOPMENT COSTS:	3. MINERAL PROPERTY INTEREST AND DEFERRED DEVELOPMENT COSTS: Helmer-Bovill Property – Latah County, Idaho The Company previously had an undivided 100% 11 The State of Idaho mineral leases are subject to a 5% production royalty on gross sales. In March 2022, the Company amended the terms of the State of Idaho mineral leases through the Idaho Department of Lands (the “IDL”) and acquired these amended leases at an auction. Of the 11 mineral leases that the Company held previously, 8 mineral leases were amended and acquired at auction and the Company elected to relinquish 3 of the mineral leases. The amended leases now expire in March 2042 and, upon commercial production on one lease, other leases can be held through mine development or exploration work. In May 2017, the Idaho Department of Lands accepted the Company’s operation and reclamation plan. Together with a water rights permit from the Idaho Department of Water Resources, the Company was able to proceed with development and construction of the mine, subject to obtaining sufficient financing. As a result, management made the decision to begin capitalizing all development expenditures directly related to the Helmer-Bovill Property. In February 2019, the Company determined that the Feasibility Study should be considered non-current and accordingly, the Company has returned to the evaluation stage for accounting purposes. A portion of the balances are included on the balance sheet as either mineral property interest and deferred development costs or as assets held-for-sale (Note 12). At April 30, 2022 and 2021, $nil is included as mineral property interest and deferred development costs. At April 30, 2022 and 2021, $1,892,410 is included in assets held-for-sale (Note 12). Development Expenses $ Balance at April 30, 2018 1,145,906 Engineering and consulting 177,820 Metallurgy 263,056 Permitting and environmental 17,684 Interest on Promissory Notes 207,266 Other direct costs 80,678 746,504 Balance at April 30, 2019, 2020, 2021 and 2022 1,892,410

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES:	Dec. 29, 2022
Recast [Member]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES:	4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES: Schedule of Accounts Payable And Accrued Liabilities April 30, 2022 $ April 30, 2021 $ Trade payables 189,615 160,503 Amounts due to related parties (Note 9) 224,627 219,256 Withholding tax and interest on deemed dividends (Note 6) 896,756 896,756 Interest payable on promissory notes (Note 6) 78,579 1,621,951 Total accounts payable and accrued liabilities 1,389,577 2,898,466 A portion of the balances are included on the balance sheet as either accounts payable and accrued liabilities or as liabilities held-for-sale (Note 12). At April 30, 2022, $1,250,188 is included as accounts payable and accrued liabilities (2021 - $2,785,881). At April 30, 2022, $139,389 is included in liabilities held-for-sale (2021 - $112,585) (Note 12). The Company has obtained an indemnification from BV Lending, LLC for the Company’s withholding tax liability, interest and penalties owing.

LEASE LIABILITY_

LEASE LIABILITY:	Dec. 29, 2022
Recast [Member]
LEASE LIABILITY:	5. LEASE LIABILITY: A portion of the balances are included on the balance sheet as either lease liability or as liabilities held-for-sale (Note 12). At April 30, 2022 and 2021, $nil is included as lease liability. At April 30, 2022, $13,475 is included in liabilities held-for-sale (2021 - $37,948) (Note 12). The Company entered into a property lease in October 2020 and the Company recognized a lease obligation with respect to the operating lease. The terms and the outstanding balances as at April 30, 2022 and 2021 are as follows: Schedule of Leases April 30, 2022 $ April 30, 2021 $ Right-of-use asset from property lease repayable in monthly instalments of $2,332 and an interest rate of 13% per annum and an end date of October 15, 2022 13,475 37,948 Less: current portion (13,475) (27,982) Non-current portion - 9,966 The following is a schedule of the Company’s future minimum lease payments related to the office lease obligation: Schedule of Future Minimum Lease Payments April 30, 2022 $ 2022 - 2023 13,991 Total minimum lease payments 13,991 Less: imputed interest (516) Total present value of minimum lease payments 13,475 Less: current portion (13,475) Non-current portion -

PROMISSORY NOTES DUE TO RELATED

PROMISSORY NOTES DUE TO RELATED PARTY:	Dec. 29, 2022
Recast [Member]
PROMISSORY NOTES DUE TO RELATED PARTY:	6. PROMISSORY NOTES DUE TO RELATED PARTY: Schedule of Promissory Notes April 30, 2022 $ April 30, 2021 $ Third promissory notes 27,736,602 26,404,927 Fifth promissory notes 3,387,673 3,199,806 Sixth promissory notes 3,652,662 2,424,741 Total promissory notes 34,776,937 32,029,474 The Company has Third Promissory Notes, Fifth Promissory Notes and Sixth Promissory Notes due to BV Lending, LLC, a company controlled by a director of the Company (the “Lender”). The Third Promissory Notes were due on March 31, 2019. On March 27, 2019, an amending agreement was entered into extending the maturity date of the Promissory Notes from March 31, 2019 to June 30, 2019 for no consideration. On June 28, 2019, the Company entered into an amending agreement with the Lender further extending this maturity date to October 31, 2019 for no consideration. The Fifth Promissory Notes were due on December 31, 2019. On October 25, 2019, the Company entered into an amending agreement with the Lender extending the maturity date for both notes, for no consideration, to the earlier of (i) June 30, 2020 and (ii) 60 days after a pre-feasibility study has been filed on SEDAR. The Sixth Promissory Notes have the same maturity date. On June 4, 2020, all three promissory notes were extended to December 15, 2020 for no consideration. On December 3, 2020, the maturity date was extended to March 15, 2021 for no consideration. On March 9, 2021 the maturity date was extended to April 15, 2021 for no consideration. On April 15, 2021 the maturity date was extended to May 15, 2021 for no consideration. On May 10, 2021 the maturity date was extended to June 15, 2021 for no consideration. On June 15, 2021 the maturity date was extended to July 15, 2021 for no consideration. On July 15, 2021 the maturity date was extended to August 15, 2021 for no consideration. In addition, the interest rate was decreased to 0.13% per annum effective May 1, 2021 from 12% to 14%. On August 13, 2021 the maturity date was extended to September 15, 2021 for no consideration. On September 13, 2021 the maturity date was extended to October 15, 2021 for no consideration. On October 13, 2021, the maturity date was extended to November 15, 2021 for no consideration. On November 15, 2021, the maturity date was extended to December 15, 2021 for no consideration. On December 15, 2021, the maturity date was extended to January 15, 2022 for no consideration. On January 13, 2022, the maturity date was extended to February 15, 2022 for no consideration. On February 15, 2022, the maturity date was extended to April 15, 2022 for no consideration. On April 14, 2022, the maturity date was extended to June 15, 2022 for no consideration. On June 14, 2022, the maturity date was extended to September 15, 2022 for no consideration. On September 15, 2022, the maturity date was extended to December 31, 2022 for no consideration. In accordance with the guidance of ASC 470-50 and ASC 470-60, the Company determined that the March 27, 2019, June 28, 2019, October 25, 2019, June 4, 2020, December 3, 2020, March 9, 2021, April 15, 2021, May 10, 2021, June 15, 2021, July 15, 2021, August 13, 2021, September 13, 2021, October 13, 2021, November 15, 2021, December 15, 2021, January 13, 2022, February 15, 2022 and April 14, 2022 extension agreements qualified as troubled debt restructurings. However, as the Company did not transfer assets or grant an equity interest to the Lender and since the carrying amount of the promissory notes at the time of the restructurings did not exceed the total future cash payments specified by the new terms, this change was accounted for prospectively using the effective interest rate that equates the carrying amount to the expected future cash flows. Certain conditions may result in early repayment including immediate repayment in the event a person currently not related to the Company acquires more than 40% of the outstanding common shares of the Company. The Company determined that accrued interest on the promissory notes are subject to withholding taxes as the Lender controls over 25% of the common shares of the Company and the Company’s debt to equity ratio exceeded certain statutory limits that caused interest expense deductibility to be partially restricted. The withholding taxes are payable based on the amount of restricted interest, when such interest is paid or at the end of a fiscal year and are accounted for as a deemed dividend in accordance with ASC 740-10-15-4. As at April 30, 2022, the Company had recorded $ 896,756 896,756 Third Promissory Notes The Third Promissory Notes bear interest at the rate of 0.13 32,880 3,048,758 st th During the year ended April 30, 2022, the Lender elected to have interest payable from December 1, 2020 to November 30, 2021 of $1,331,675 deemed as advances. Fifth Promissory Notes On September 11, 2018, the Company entered into a Loan Agreement with the Lender pursuant to which up to $2,500,000 will be advanced to the Company in tranches (the “Fifth Promissory Notes”). As at April 30, 2022, the Company had received $ 2,500,000 2,500,000 0.13 4,017 428,415 st th During the year ended April 30, 2022, the Lender elected to have interest payable from December 1, 2020 to November 30, 2021 of $187,867 deemed as advances. Sixth Promissory Notes On October 25, 2019, the Company entered into a Loan Agreement with the Lender pursuant to which up to $700,000 will be advanced to the Company in tranches (the “Sixth Promissory Notes”). On January 20, 2020 and July 8, 2020, the Company entered into amending agreements whereby the Lender agreed to advance an additional $600,000 and $1,200,000, respectively, under the same terms as the Sixth Promissory Notes. As at April 30, 2022, the Company had received $ 3,350,000 2,250,000 250,000 450,000 On September 15, 2022, the Company entered into an amending agreement whereby the Lender agreed to advance an additional $450,000, under the same terms as the Sixth Promissory Notes. The Sixth Promissory Notes bear interest at the rate of 0.13 3,725 248,064 st th During the year ended April 30, 2022, the Lender elected to have interest payable from December 1, 2020 to November 30, 2021 of $127,921 deemed as advances. During the year ended April 30, 2022, the Company recorded accrued interest of $ 60,000 The Third Promissory Notes, the Fifth Promissory Notes and the Sixth Promissory Notes are collateralized by the Company’s Helmer-Bovill Property. The following table outlines the estimated cash payments required, by calendar year, in order to repay the principal balance of the Third Promissory Notes, the Fifth Promissory Notes and the Sixth Promissory Notes: Schedule of Payments To Repay Principal Balance 2022 $ 2023 $ 2024 $ 2025 $ 2026 $ Total $ 34,776,937 - - - - 34,776,937

SHARE CAPITAL_

SHARE CAPITAL:	Dec. 29, 2022
Recast [Member]
SHARE CAPITAL:	7. SHARE CAPITAL: Common shares a) Authorized: Unlimited number of common shares, without par value. The holders of common shares are entitled to receive dividends which are declared from time to time, and are entitled to one vote per share at meetings of the Company. All shares are ranked equally with regards to the Company’s residual assets. b) Stock transactions: During the years ended April 30, 2022 and 2021, the Company did not complete any stock transactions. c) Stock options: The Company has granted stock options under the terms of its Stock Option Plan (the “Plan”). The Plan provides that the directors of the Company may grant options to purchase common shares to directors, officers, employees and service providers of the Company on terms that the directors of the Company may determine are within the limitations set forth in the Plan. The maximum number of shares available under the Plan is limited to 10% of the issued common shares. The maximum term of stock options is ten years. All stock options vest on the date of grant, unless otherwise stated. As at April 30, 2022, the Company had 8,123,021 6,623,021 The Company’s stock options outstanding as at April 30, 2022 and 2021 and the changes for the years then ended are as follows: Stock Options Outstanding Number Outstanding Weighted Average Exercise Price (in CAD$) Balance outstanding at April 30, 2020 2,950,000 0.26 Expired (200,000) 0.25 Balance outstanding at April 30, 2021 2,750,000 0.26 Expired (1,500,000) 0.26 Balance outstanding at April 30, 2022 1,250,000 0.25 Balance exercisable at April 30, 2022 - - Summary of stock options outstanding at April 30, 2022: Summary Of Stock Options Outstanding Security Number Outstanding Number Exercisable Exercise Price (CAD$) Expiry Date Remaining Contractual Life (years) Stock options 1,250,000 (1) - (1) 0.25 August 9, 2023 1.28 Notes: (1) Non-Employee Stock Options In accordance with the guidance of ASU 2018-07, the measurement and classification of stock options awarded to non-employees is aligned with that for employees. The ASU retains the existing cost attribution guidance, which requires entities to recognize compensation cost for nonemployee awards in the same period and in the same manner (i.e. capitalize or expense) they would if they paid cash for the goods or services, but it moves the guidance to ASC 718. Effective May 1, 2020, the Company adopted the new standard. Upon adoption, the Company applied the modified retrospective transition approach and recorded an adjustment on May 1, 2020 to decrease derivative liabilities by $ 16,541 16,541 The non-employee stock options are accounted for at their respective fair values and are summarized as follows for the years ended April 30, 2022 and 2021: Fair Values of Non-Employee Stock Options 2022 $ 2021 $ Fair value of non-employee options, beginning of the period - 16,541 Transfer value on exercise of options - - Fair value of options on vesting - - Change in fair value of non-employee stock options during the period - - Adoption of ASU 2018-07 adjustment - (16,541) Fair value of non-employee options, end of the period - - As at April 30, 2022, the unamortized compensation cost of options is $93,382 and the intrinsic value of options expected to vest is $nil.

INCOME TAXES_

INCOME TAXES:	Dec. 29, 2022
Recast [Member]
INCOME TAXES:	8. INCOME TAXES: Reconciliation Of The Income Tax Provision 2022 $ 2021 $ Statutory tax rate 27% 27% Loss before income taxes (1,354,925) (4,899,259) Expected income tax recovery (366,000) (1,323,000) Increase (decrease) in income tax recovery resulting from: Derivative liability - Other permanent differences 23,000 599,000 Foreign income taxed at foreign rates 49,000 46,000 Impact of under provision in previous year 4,000 (18,000) Change in valuation allowance 290,000 696,000 Income tax recovery (expense) - - As a result of tax legislation enacted in the U.S. at the end of 2017, the federal U.S. corporate tax rate applicable to years subsequent to 2017 was substantially reduced. The Company recorded deferred income tax expense in respect of its U.S. operations during the year ended April 30, 2022 using the federal rate of 21 21 The Company also revalued its deferred tax assets in respect of its Canadian operations to reflect the increase in the Canadian corporate income tax rate to 27% (2021 – 27%) for years subsequent to 2017. There was no impact on tax expense as a full valuation allowance is provided for the deferred tax assets. The significant components of the Company’s deferred income tax assets and liabilities after applying enacted corporate tax rates as at April 30, 2022 and 2021 are as follows: Deferred Income Tax Assets And Liabilities 2022 $ 2021 $ Deferred income tax assets / (liabilities) Operating losses carried forward 10,173,000 10,010,000 Resource property 685,000 555,000 Share issuance costs 7,000 19,000 Other 21,000 12,000 Valuation allowance (10,886,000) (10,596,000) Net deferred income tax assets - - At April 30, 2022, the Company has accumulated non-capital losses $ 19,323,000 18,804,000 23,599,000 23,491,000 Included in discontinued operations at April 30, 2022 are the accumulated federal and state net operating losses of $23,599,000 (2021 - $23,491,000). Uncertain Tax Positions The Company has adopted certain provisions of ASC 740, “Income Taxes”, which prescribes a recognition threshold and measurement attribute for the recognition and measurement of tax positions taken or expected to be taken in income tax returns. The provisions also provide guidance on the de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. The Company files income tax returns in the U.S. federal jurisdiction, various state and foreign jurisdictions. The Company’s tax returns are subject to tax examinations by U.S. federal and state tax authorities, or examinations by foreign tax authorities until respective statute of limitation. The Company currently has no tax years under examination. The Company is subject to tax examinations by tax authorities for all taxation years commencing after 2003. At April 30, 2022, the Company does not have an accrual relating to uncertain tax positions. It is not anticipated that unrecognized tax benefits would significantly increase or decrease within 12 months of the reporting date. The Company has recorded management’s estimate of a withholding tax liability in the amount of $896,756 (Note 6). The amount determined to be payable upon review by the taxation authorities may vary materially from this current estimate. Provision has not been made for U.S. or additional foreign taxes on undistributed earnings of foreign subsidiaries. Such earnings have been and will continue to be reinvested but could become subject to additional tax if they were remitted as dividends or were loaned to the Company affiliate. It is not practicable to determine the amount of additional tax, if any, that might be payable on the undistributed foreign earnings.

RELATED PARTY TRANSACTIONS_

RELATED PARTY TRANSACTIONS:	Dec. 29, 2022
Recast [Member]
RELATED PARTY TRANSACTIONS:	9. RELATED PARTY TRANSACTIONS: During the year ended April 30, 2022, management and consulting fees of $ 96,000 96,000 17,566 17,807 14,326 13,796 22,151 21,279 Included in accounts payable and accrued liabilities are amounts owed to directors or officers or companies controlled by them. As at April 30, 2022, the amount was $ 224,627 219,256 The promissory notes received from a company controlled by a director (Note 6) are related party transactions.

SEGMENT DISCLOSURES_

SEGMENT DISCLOSURES:	Dec. 29, 2022
Recast [Member]
SEGMENT DISCLOSURES:	10. SEGMENT DISCLOSURES: The Company considers its business to comprise a single operating segment being the exploration and development of its resource property. Substantially all of the Company’s long-term assets and operations are located in Latah County, Idaho.

NON-CASH TRANSACTIONS_

NON-CASH TRANSACTIONS:	Dec. 29, 2022
Recast [Member]
NON-CASH TRANSACTIONS:	11. NON-CASH TRANSACTIONS: Investing and financing activities that affect recognized assets or liabilities but that do not result in cash receipts or cash payments are excluded from the consolidated statements of cash flows. During the year ended April 30, 2022 , the following transactions were excluded from the consolidated statement of cash flows: a) The transfer of $ 1,647,463 b) Deferred mineral property expenditures of $ 40,062 40,062 During the year ended April 30, 2021, the following transactions were excluded from the consolidated statement of cash flows: a) The transfer of $ 3,489,856 b) Deferred mineral property expenditures of $ 40,062 40,062

DISCONTINUED OPERATIONS_

DISCONTINUED OPERATIONS:	Dec. 29, 2022
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS:	12. DISCONTINUED OPERATIONS: Subsequent to April 30, 2022, on September 14, 2022, the Company entered into a Stock Purchase Agreement with BV Lending, LLC, an Idaho limited liability company ("BV Lending") and the Company's subsidiary, I-Minerals USA, Inc. ("I-Minerals USA"), an Idaho company that owns the leases that comprise the Helmer-Bovill Property, (the "Stock Purchase Agreement"), pursuant to which the Company has agreed to sell all of the issued and outstanding common shares of I-Minerals USA to BV Lending (the "Transaction"). BV Lending is a non-arm's length party to the Company as it is a company controlled by a former director of the Company. Key Terms of the Transaction: - Immediately prior to closing of the Transaction, the Company will contribute an intercompany debt owed by I-Minerals USA to the Company in the amount of approximately $25.7 million, resulting in the cancellation of the outstanding indebtedness. - At the closing of the Transaction, the Company will sell all of the shares of I-Minerals USA to BV Lending for an amount equal to $3,000,000 (the "Share Value"). - The Share Value will be satisfied by BV Lending on a non-cash basis by the set off of an equal amount of debt owed by the Company to BV Lending (the "Set Off"). - Immediately following the Set Off, BV Lending will transfer to the Company the balance of the debt owed by the Company to BV Lending (which debt was approximately $35.4 million before the Set Off). - Previously entered into loan agreements dated June 1, 2016, September 11, 2018 and October 25, 2019 among the Company, BV Lending and I-Minerals USA, including all security granted thereunder, will be terminated and/or discharged. - The Company will be subject to non-competition and non-solicitation covenants in favour of BV Lending for a period of five years commencing on closing of the Transaction. - The Transaction is subject to the approval of the Transaction by shareholders of the Company (the "Shareholders") and the TSX Venture Exchange. - As part of the Transaction, BV Lending has agreed to pay taxes that will become payable by the Company as a result of the Transaction (approximately $450,000). In consideration for such payment by BV Lending, the Company will issue a promissory note in favor of BV Lending for the amount of the taxes so paid. The promissory note will be repaid out of any refund received by the Company from the applicable government agency. The disposition of I-Minerals USA, which includes the Company’s mineral exploration activities, is considered to be a discontinued operation for the Company and accordingly, loss from discontinued operations is included in the consolidated statements of loss for all periods presented. Included on the consolidated balance sheets at April 30, 2022 and 2021 are assets and liabilities held-for-sale. The assets and liabilities of the discontinued operation classified as held-for-sale are as follows: Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures April 30, 2022 $ April 30, 2021 $ Cash and cash equivalents 6,427 21,564 Prepaids 5,725 5,179 Equipment and right-of-use asset 18,242 45,439 Mineral property interest and deferred development costs (Note 3) 1,892,410 1,892,410 Deposits 29,208 29,208 Assets held-for-sale 1,952,012 1,993,800 Account payable and accrued liabilities (Note 4) 139,389 112,585 Lease liability (Note 5) 13,475 37,948 Liabilities held-for sale 152,864 150,533 For the year ended April 30, 2022 2021 $ $ OPERATING EXPENSES Amortization 2,534 5,254 Management and consulting fees 99,000 99,000 Mineral property expenditures 615,950 605,220 General and miscellaneous 81,477 53,494 Professional fees 13,328 8,492 (812,289) (771,460) OTHER EXPENSE Foreign exchange loss (379) (189) Loss for the year from discontinued operations (812,668) (771,649)

SUBSEQUENT EVENTS_

SUBSEQUENT EVENTS:	Dec. 29, 2022
Recast [Member]
SUBSEQUENT EVENTS:	13. SUBSEQUENT EVENTS: Subsequent to April 30, 2022: i) The Company entered into the Stock Purchase Agreement (Note 12), ii) On May 6, 2022, June 17, 2022, July 28, 2022, August 31, 2022, November 3, 2022 and December 1, 2022, the Company received $125,000, $150,000, $150,000, $150,000, $120,000 and $120,000, respectively, pursuant to the Sixth Promissory Notes, and, iii) On June 14, 2022, the maturity date of the promissory notes was extended to September 15, 2022 for no consideration.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Policies) - Recast [Member]	Dec. 29, 2022
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries, i-Minerals USA, Inc. and CKD Ventures Ltd. All inter-company accounts and transactions have been eliminated. The Company’s fiscal year-end is April 30 th
Use of Estimates	Use of Estimates The preparation of these consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the useful life and recoverability of long-lived assets, stock-based compensation, amortization of promissory notes financing fees, valuation of derivative liabilities, and deferred income tax asset valuation allowances. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Cash and cash equivalents	Cash and cash equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. As at April 30, 2022 and 2021, the Company had no cash equivalents.
Equipment	Equipment Equipment is carried at cost and is amortized over the estimated useful economic lives using the declining balance method at an annual rate of 30%.
Mineral Property Acquisition and Exploration Costs	Mineral Property Acquisition and Exploration Costs Mineral property acquisition costs are capitalized when incurred. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral property claims. Costs related to the development of mineral reserves are capitalized when it has been determined an ore body can be economically developed. The development stage begins when an ore body is determined to be economically recoverable based on proven and probable reserves and appropriate permits are in place, and ends when the production stage or exploitation of reserves begins. Major mine development expenditures are capitalized, including primary development costs such as costs of building access ways, tailings impoundment, development of water supply and infrastructure developments. Exploration costs include those relating to activities carried out (a) in search of previously unidentified mineral deposits, or (b) at undeveloped concessions. Pre-development activities involve costs incurred in the exploration stage that may ultimately benefit production that are expensed due to the lack of evidence of economic development, which is necessary to demonstrate future recoverability of these expenses. Secondary development costs are incurred for preparation of an ore body for production in a specific ore block or work area, providing a relatively short-lived benefit only to the mine area they relate to, and not to the ore body as a whole. Once production has commenced, capitalized costs will be depleted using the units-of-production method over the estimated life of the proven and probable reserves. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to the Consolidated Statements of Loss in that period. We assess the carrying cost of our mineral properties for impairment whenever information or circumstances indicate the potential for impairment. Such evaluations compare estimated future net cash flows with our carrying costs and future obligations on an undiscounted basis. If it is determined that the future undiscounted cash flows are less than the carrying value of the property, a write down to the estimated fair value is charged to the Consolidated Statements of Loss for the period. Where estimates of future net cash flows are not available and where other conditions suggest impairment, management assesses if the carrying value can be recovered. For significant development projects, interest is capitalized as part of the historical cost of developing and constructing assets in accordance with ASC 835-20. Interest is capitalized until the asset is ready for service. Capitalized interest is determined by multiplying the Company’s weighted-average borrowing cost on general debt by the average amount of qualifying costs incurred. Once an asset subject to interest capitalization is completed and placed in service, the associated capitalized interest is expensed through depletion or impairment.
Debt Issuance Costs	Debt Issuance Costs Debt issuance costs paid to the purchaser of the debt are considered to be a reduction of the debt proceeds and a component of debt discount. Subsequently, the costs comprising this debt discount are amortized as financing fees over the term of the promissory notes using the effective interest method. During the year ended April 30, 2022, the Company amortized financing fees totaling $nil (2021 – $nil).
Financial Instruments - Credit Losses	Financial Instruments and Fair Value Measures The book value of cash, receivables, accounts payable and accrued liabilities approximate their fair values due to the immediate or short-term maturity of those instruments. The fair value hierarchy under US GAAP is based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following: Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 - observable inputs other than Level I, quoted prices for similar assets or liabilities in active prices whose inputs are observable or whose significant value drivers are observable; and Level 3 - assets and liabilities whose significant value drivers are unobservable by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company’s promissory notes are carried at amortized cost. A summary of the Company’s Level 3 liabilities for the years ended April 30, 2022 and 2021 is as follows: Summary of Liabilities 2022 $ 2021 $ Non-employee options (Note 7) Beginning fair value - 16,541 Transfer value on exercise - - Fair value of options on vesting - - Change in fair value - - Adoption of ASU 2018-07 adjustment - (16,541) Total Level 3 liabilities - - Certain assets and liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances (for example, when there is evidence of impairment). There were no assets or liabilities measured at fair value on a nonrecurring basis during the years ended April 30, 2022 and 2021.
Loss Per Share	Loss Per Share The basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. For the year ended April 30, 2022, loss per share excludes 1,250,000 2,750,000
Foreign Currency Translation	Foreign Currency Translation The Company’s functional and reporting currency is the US dollar. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date and non-monetary items are translated at exchange rates prevailing when the assets were acquired or obligations incurred. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method. The asset and liability method provides that deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized. The Company has adopted the provisions of FASB ASC 740 "Income Taxes" regarding accounting for uncertainty in income taxes. The Company initially recognizes tax positions in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with the tax authority, assuming full knowledge of the position and all relevant facts. Application requires numerous estimates based on available information. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, and its recognized tax positions and tax benefits may not accurately anticipate actual outcomes. As additional information is obtained, there may be a need to periodically adjust the recognized tax positions and tax benefits. These periodic adjustments may have a material impact on the consolidated statements of operations. When applicable, the Company classifies penalties and interest associated with uncertain tax positions as a component of income tax expense in its consolidated Statement of Loss.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for all stock-based payments and awards under the fair value based method. Stock-based payments to non-employees are measured at the fair value of the consideration received, or the fair value of the equity instruments issued, or liabilities incurred, whichever is more reliably measurable. The fair value of stock-based payments to non-employees is periodically re-measured until the counterparty performance is complete, and any change therein is recognized over the vesting period of the award and in the same manner as if the Company had paid cash instead of paying with or using equity based instruments. The cost of the stock-based payments to non-employees that are fully vested and non-forfeitable as at the grant date is measured and recognized at that date, unless there is a contractual term for services in which case such compensation would be amortized over the contractual term. The Company accounts for the granting of stock options to employees using the fair value method whereby all awards to employees will be recorded at fair value on the date of the grant. The fair value of all stock options is expensed over their vesting period with a corresponding increase to additional paid-in capital. Compensation costs for stock-based payments that do not include performance conditions are recognized on a straight-line basis. Compensation cost associated with a share-based award having a performance condition is only recognized over the requisite service period if it is probable. Share based awards with a performance condition are accrued on an award by award basis. The Company uses the Black-Scholes option valuation model to calculate the fair value of stock options at the date of the grant. Option pricing models require the input of highly subjective assumptions, including the expected price volatility. Changes in these assumptions can materially affect the fair value estimates.
Concentration of Risk	Concentration of Risk The Company is subject to interest rate risk on its debt financings. The Company generally uses fixed interest rates.
Held-for-sale assets and liabilities	Held-for-sale assets and liabilities Items are classified as being held-for-sale once they meet criteria relating to the intention to sell and the likelihood of a sale taking place. All of I-Minerals USA’s assets and liabilities have been accounted for as held-for-sale. Adoption of New Accounting Pronouncements
Change in Accounting Principle, Other [Member]
Financial Instruments - Credit Losses	Financial Instruments - Credit Losses In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 replaced the incurred loss impairment methodology under current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 requires use of a forward-looking expected credit loss model for accounts receivables, loans, and other financial instruments. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. In October 2019, the FASB issued ASU No. 2019-10, “Financial Instruments-Credit Losses (Topic 326): Effective Dates”, to finalize the effective date delays for private companies, not-for-profits, and smaller reporting companies applying the CECL standards. The ASU is effective for reporting periods beginning after December 15, 2022 and interim periods within those fiscal years. Early adoption is permitted. The Company has not early adopted this update and it will become effective on April 1, 2023 assuming the Company will remain an emerging growth company. The Company is currently assessing the impact of adopting this standard on its consolidated financial statements.
Accounting Standards Update 2019-11 [Member]
Income Taxes	Income Taxes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 will simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. For public business entities, the amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Effective May 1, 2021, the Company adopted the new standard. The adoption of this ASU did not result in any adjustments to the financial statements. Recently Issued Accounting Pronouncements

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)	Dec. 29, 2022
Recast [Member]
Summary of Liabilities	Summary of Liabilities 2022 $ 2021 $ Non-employee options (Note 7) Beginning fair value - 16,541 Transfer value on exercise - - Fair value of options on vesting - - Change in fair value - - Adoption of ASU 2018-07 adjustment - (16,541) Total Level 3 liabilities - -

MINERAL PROPERTY INTEREST AND_2

MINERAL PROPERTY INTEREST AND DEFERRED DEVELOPMENT COSTS: (Tables)	Dec. 29, 2022
Recast [Member]
Development Expenses	Development Expenses $ Balance at April 30, 2018 1,145,906 Engineering and consulting 177,820 Metallurgy 263,056 Permitting and environmental 17,684 Interest on Promissory Notes 207,266 Other direct costs 80,678 746,504 Balance at April 30, 2019, 2020, 2021 and 2022 1,892,410

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES: (Tables)	Dec. 29, 2022
Recast [Member]
Schedule of Accounts Payable And Accrued Liabilities	Schedule of Accounts Payable And Accrued Liabilities April 30, 2022 $ April 30, 2021 $ Trade payables 189,615 160,503 Amounts due to related parties (Note 9) 224,627 219,256 Withholding tax and interest on deemed dividends (Note 6) 896,756 896,756 Interest payable on promissory notes (Note 6) 78,579 1,621,951 Total accounts payable and accrued liabilities 1,389,577 2,898,466

LEASE LIABILITY_ (Tables)

LEASE LIABILITY: (Tables) - Recast [Member]	Dec. 29, 2022
Schedule of Leases	Schedule of Leases April 30, 2022 $ April 30, 2021 $ Right-of-use asset from property lease repayable in monthly instalments of $2,332 and an interest rate of 13% per annum and an end date of October 15, 2022 13,475 37,948 Less: current portion (13,475) (27,982) Non-current portion - 9,966
Schedule of Future Minimum Lease Payments	Schedule of Future Minimum Lease Payments April 30, 2022 $ 2022 - 2023 13,991 Total minimum lease payments 13,991 Less: imputed interest (516) Total present value of minimum lease payments 13,475 Less: current portion (13,475) Non-current portion -

PROMISSORY NOTES DUE TO RELAT_2

PROMISSORY NOTES DUE TO RELATED PARTY: (Tables) - Recast [Member]	Dec. 29, 2022
Schedule of Promissory Notes	Schedule of Promissory Notes April 30, 2022 $ April 30, 2021 $ Third promissory notes 27,736,602 26,404,927 Fifth promissory notes 3,387,673 3,199,806 Sixth promissory notes 3,652,662 2,424,741 Total promissory notes 34,776,937 32,029,474
Schedule of Payments To Repay Principal Balance	Schedule of Payments To Repay Principal Balance 2022 $ 2023 $ 2024 $ 2025 $ 2026 $ Total $ 34,776,937 - - - - 34,776,937

SHARE CAPITAL_ (Tables)

SHARE CAPITAL: (Tables) - Recast [Member]	Dec. 29, 2022
Stock Options Outstanding	Stock Options Outstanding Number Outstanding Weighted Average Exercise Price (in CAD$) Balance outstanding at April 30, 2020 2,950,000 0.26 Expired (200,000) 0.25 Balance outstanding at April 30, 2021 2,750,000 0.26 Expired (1,500,000) 0.26 Balance outstanding at April 30, 2022 1,250,000 0.25 Balance exercisable at April 30, 2022 - -
Summary Of Stock Options Outstanding	Summary Of Stock Options Outstanding Security Number Outstanding Number Exercisable Exercise Price (CAD$) Expiry Date Remaining Contractual Life (years) Stock options 1,250,000 (1) - (1) 0.25 August 9, 2023 1.28
Fair Values of Non-Employee Stock Options	Fair Values of Non-Employee Stock Options 2022 $ 2021 $ Fair value of non-employee options, beginning of the period - 16,541 Transfer value on exercise of options - - Fair value of options on vesting - - Change in fair value of non-employee stock options during the period - - Adoption of ASU 2018-07 adjustment - (16,541) Fair value of non-employee options, end of the period - -

INCOME TAXES_ (Tables)

INCOME TAXES: (Tables) - Recast [Member]	Dec. 29, 2022
Reconciliation Of The Income Tax Provision	Reconciliation Of The Income Tax Provision 2022 $ 2021 $ Statutory tax rate 27% 27% Loss before income taxes (1,354,925) (4,899,259) Expected income tax recovery (366,000) (1,323,000) Increase (decrease) in income tax recovery resulting from: Derivative liability - Other permanent differences 23,000 599,000 Foreign income taxed at foreign rates 49,000 46,000 Impact of under provision in previous year 4,000 (18,000) Change in valuation allowance 290,000 696,000 Income tax recovery (expense) - -
Deferred Income Tax Assets And Liabilities	Deferred Income Tax Assets And Liabilities 2022 $ 2021 $ Deferred income tax assets / (liabilities) Operating losses carried forward 10,173,000 10,010,000 Resource property 685,000 555,000 Share issuance costs 7,000 19,000 Other 21,000 12,000 Valuation allowance (10,886,000) (10,596,000) Net deferred income tax assets - -

DISCONTINUED OPERATIONS_ (Table

DISCONTINUED OPERATIONS: (Tables)	Dec. 29, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures	Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures April 30, 2022 $ April 30, 2021 $ Cash and cash equivalents 6,427 21,564 Prepaids 5,725 5,179 Equipment and right-of-use asset 18,242 45,439 Mineral property interest and deferred development costs (Note 3) 1,892,410 1,892,410 Deposits 29,208 29,208 Assets held-for-sale 1,952,012 1,993,800 Account payable and accrued liabilities (Note 4) 139,389 112,585 Lease liability (Note 5) 13,475 37,948 Liabilities held-for sale 152,864 150,533 For the year ended April 30, 2022 2021 $ $ OPERATING EXPENSES Amortization 2,534 5,254 Management and consulting fees 99,000 99,000 Mineral property expenditures 615,950 605,220 General and miscellaneous 81,477 53,494 Professional fees 13,328 8,492 (812,289) (771,460) OTHER EXPENSE Foreign exchange loss (379) (189) Loss for the year from discontinued operations (812,668) (771,649)

Summary of Liabilities (Details

Summary of Liabilities (Details) - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Beginning fair value		$ 16,541
Transfer value on exercise
Fair value of options on vesting
Change in fair value
Adoption of ASU 2018-07 adjustment		(16,541)
Total Level 3 liabilities

NATURE OF BUSINESS AND BASIS _2

NATURE OF BUSINESS AND BASIS OF PRESENTATION AND LIQUIDITY: (Details Narrative) - USD ($)	Apr. 30, 2022	Apr. 30, 2021
Recast [Member]
Retained Earnings (Accumulated Deficit)	$ 55,261,714	$ 53,906,790

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details Narrative) - shares	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Recast [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,250,000	2,750,000

Development Expenses (Details)

Development Expenses (Details) - Recast [Member]	12 Months Ended
	Apr. 30, 2022 USD ($)
Balance at April 30, 2018	$ 1,145,906
Engineering and consulting	177,820
Metallurgy	263,056
Permitting and environmental	17,684
Interest on Promissory Notes	207,266
Other direct costs	80,678
	746,504
Balance at April 30, 2019, 2020, 2021 and 2022	$ 1,892,410

MINERAL PROPERTY INTEREST AND_3

MINERAL PROPERTY INTEREST AND DEFERRED DEVELOPMENT COSTS: (Details Narrative) - Recast [Member]	12 Months Ended
	Apr. 30, 2022
[custom:MineralLeasesInterest]	100%
Capital Leased Assets, Number of Units	11
[custom:MineralRoyalty]	The State of Idaho mineral leases are subject to a 5% production royalty on gross sales.

Schedule of Accounts Payable An

Schedule of Accounts Payable And Accrued Liabilities (Details) - Recast [Member] - USD ($)	Apr. 30, 2022	Apr. 30, 2021
Trade payables	$ 189,615	$ 160,503
Amounts due to related parties (Note 9)	224,627	219,256
Withholding tax and interest on deemed dividends (Note 6)	896,756	896,756
Interest payable on promissory notes (Note 6)	78,579	1,621,951
Total accounts payable and accrued liabilities	$ 1,389,577	$ 2,898,466

Schedule of Leases (Details)

Schedule of Leases (Details) - Recast [Member] - USD ($)	Apr. 30, 2022	Apr. 30, 2021
Right-of-use asset from property lease repayable in monthly instalments of $2,332 and an interest rate of 13% per annum and an end date of October 15, 2022	$ 13,475	$ 37,948
Less: current portion	(13,475)	(27,982)
Non-current portion		$ 9,966

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments (Details) - Recast [Member] - USD ($)	Apr. 30, 2022	Apr. 30, 2021
2022
2023	13,991
Total minimum lease payments	13,991
Less: imputed interest	(516)
Total present value of minimum lease payments	13,475
Less: current portion	(13,475)	$ (27,982)
Non-current portion		$ 9,966

Schedule of Promissory Notes (D

Schedule of Promissory Notes (Details) - Recast [Member] - USD ($)	Apr. 30, 2022	Apr. 30, 2021
Third Promissory Note [Member]
Short-Term Debt [Line Items]
Total promissory notes	$ 27,736,602	$ 26,404,927
Fifth Promissory Note [Member]
Short-Term Debt [Line Items]
Total promissory notes	3,387,673	3,199,806
Sixth Promissory Note [Member]
Short-Term Debt [Line Items]
Total promissory notes	3,652,662	2,424,741
Total [Member]
Short-Term Debt [Line Items]
Total promissory notes	$ 34,776,937	$ 32,029,474

Schedule of Payments To Repay P

Schedule of Payments To Repay Principal Balance (Details) - Promissory Notes [Member] - Recast [Member]	Jan. 31, 2022 USD ($)
Debt Instrument [Line Items]
Long-Term Debt, Maturity, Year One	$ 34,776,937
Long-Term Debt, Maturity, Year Two
Long-Term Debt, Maturity, Year Three
Long-Term Debt, Maturity, Year Four
Long-Term Debt, Maturity, Year Five
Long-Term Debt	$ 34,776,937

PROMISSORY NOTES DUE TO RELAT_3

PROMISSORY NOTES DUE TO RELATED PARTY: (Details Narrative) - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Jun. 14, 2022	Mar. 21, 2022
Short-Term Debt [Line Items]
Interest Costs Incurred		$ 248,064
Promissory Notes [Member]
Short-Term Debt [Line Items]
[custom:RecordedWithholdingTaxAndInterestOnDeemedDividends]	$ 896,756	896,756
[custom:AccruedWithholdingTaxPayable]	$ 60,000
Third Promissory Notes [Member]
Short-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	13%
Interest Costs Incurred	$ 32,880	3,048,758
Debt Instrument, Convertible, Terms of Conversion Feature	During the year ended April 30, 2022, the Lender elected to have interest payable from December 1, 2020 to November 30, 2021 of $1,331,675 deemed as advances.
Fifth Promissory Notes [Member]
Short-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	13%
Interest Costs Incurred	$ 4,017	428,415
Debt Instrument, Convertible, Terms of Conversion Feature	During the year ended April 30, 2022, the Lender elected to have interest payable from December 1, 2020 to November 30, 2021 of $187,867 deemed as advances.
Loans Payable	$ 2,500,000	2,500,000
Sixth Promissory Notes [Member]
Short-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	13%
Interest Costs Incurred	$ 3,725
Debt Instrument, Convertible, Terms of Conversion Feature	During the year ended April 30, 2022, the Lender elected to have interest payable from December 1, 2020 to November 30, 2021 of $127,921 deemed as advances.
Loans Payable	$ 3,350,000	$ 2,250,000	$ 450,000	$ 250,000

Stock Options Outstanding (Deta

Stock Options Outstanding (Details) - Recast [Member] - $ / shares	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance	1,250,000	2,750,000	2,950,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$ 0.25	$ 0.26	$ 0.26
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period		(1,500,000)	(200,000)
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price		$ 0.26	$ 0.25
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price

Summary Of Stock Options Outsta

Summary Of Stock Options Outstanding (Details) - Recast [Member]	12 Months Ended
	Apr. 30, 2022 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number
Set 1 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	1,250,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price | $ / shares	$ 0.25
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Date	Aug. 09, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	1 year 3 months 10 days

Fair Values of Non-Employee Sto

Fair Values of Non-Employee Stock Options (Details) - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Fair value of non-employee options, beginning of the period		$ 16,541
Transfer value on exercise of options
Fair value of options on vesting
Change in fair value of non-employee stock options during the period
Adoption of ASU 2018-07 adjustment		(16,541)
Fair value of non-employee options, end of the period

SHARE CAPITAL_ (Details Narrati

SHARE CAPITAL: (Details Narrative) - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant	8,123,021	6,623,021
Derivative Liability	$ 16,541
Prior Period Reclassification Adjustment	$ 16,541

Reconciliation Of The Income Ta

Reconciliation Of The Income Tax Provision (Details) - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Statutory tax rate	27%	27%
Loss before income taxes	$ (1,354,925)	$ (4,899,259)
Expected income tax recovery	(366,000)	(1,323,000)
Increase (decrease) in income tax recovery resulting from:
Derivative liability
Other permanent differences	23,000	599,000
Foreign income taxed at foreign rates	49,000	46,000
Impact of under provision in previous year	4,000	(18,000)
Change in valuation allowance	290,000	696,000
Income tax recovery (expense)

Deferred Income Tax Assets And

Deferred Income Tax Assets And Liabilities (Details) - Recast [Member] - USD ($)	Apr. 30, 2022	Apr. 30, 2021
Deferred income tax assets / (liabilities)
Operating losses carried forward	$ 10,173,000	$ 10,010,000
Resource property	685,000	555,000
Share issuance costs	7,000	19,000
Other	21,000	12,000
Valuation allowance	(10,886,000)	(10,596,000)
Net deferred income tax assets

INCOME TAXES_ (Details Narrativ

INCOME TAXES: (Details Narrative) - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Effective Income Tax Rate Reconciliation, Percent	2,100%	2,100%
Deferred Tax Assets, Capital Loss Carryforwards	$ 19,323,000	$ 18,804,000
Operating Loss Carryforwards	$ 23,599,000	$ 23,491,000

RELATED PARTY TRANSACTIONS_ (De

RELATED PARTY TRANSACTIONS: (Details Narrative) - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Related Party Transaction [Line Items]
General and Administrative Expense	$ 103,893	$ 103,602
Professional Fees	207,027	156,821
Accounts Payable and Accrued Liabilities, Current	1,250,188	2,785,881
R J G Capital Corporation [Member]
Related Party Transaction [Line Items]
General and Administrative Expense	96,000	96,000
Wayne Moorhouse Director [Member]
Related Party Transaction [Line Items]
General and Administrative Expense	17,566	17,807
Gary Childress Director [Member]
Related Party Transaction [Line Items]
General and Administrative Expense	14,326	13,796
Malaspina Consultants Inc [Member]
Related Party Transaction [Line Items]
Professional Fees	22,151	21,279
Directors Or Officers Or Companies Controlled By Them [Member]
Related Party Transaction [Line Items]
Accounts Payable and Accrued Liabilities, Current	$ 224,627	$ 219,256

NON-CASH TRANSACTIONS_ (Details

NON-CASH TRANSACTIONS: (Details Narrative) - Recast [Member] - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Apr. 30, 2020
Debt Conversion [Line Items]
Accounts Payable and Accrued Liabilities, Current	$ 1,250,188	$ 2,785,881
Deferred Mineral Property Expenditures [Member]
Debt Conversion [Line Items]
Accounts Payable and Accrued Liabilities, Current	40,062	40,062
Accounts Payable, Current		40,062	$ 40,062
Promissory Notes [Member]
Debt Conversion [Line Items]
[custom:TransferOfInterestPayableToPromissoryNote]	$ 1,647,463	$ 3,489,856

Schedule Of Disposal Groups Inc

Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures (Details) - USD ($)	12 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Balance Sheet [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 6,427	$ 21,564
Prepaids	5,725	5,179
Equipment and right-of-use asset	18,242	45,439
Mineral property interest and deferred development costs (Note 3)	1,892,410	1,892,410
Deposits	29,208	29,208
Assets held-for-sale	1,952,012	1,993,800
Account payable and accrued liabilities (Note 4)	139,389	112,585
Lease liability (Note 5)	13,475	37,948
Liabilities held-for sale	152,864	150,533
Income Statement [Member]
OPERATING EXPENSES
Amortization	2,534	5,254
Management and consulting fees	99,000	99,000
Mineral property expenditures	615,950	605,220
General and miscellaneous	81,477	53,494
Professional fees	13,328	8,492
OTHER EXPENSE
Foreign exchange loss	(379)	(189)
Loss for the year from discontinued operations	$ (812,668)	$ (771,649)

SUBSEQUENT EVENTS_ (Details Nar

SUBSEQUENT EVENTS: (Details Narrative)	Jun. 14, 2022
Recast [Member]
Long-Term Debt, Description	On June 14, 2022, the maturity date of the promissory notes was extended to September 15, 2022 for no consideration.