I-Minerals (IMAHF) 10-Q 14 Mar 23 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jan. 31, 2023	Mar. 14, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jan. 31, 2023
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--04-30
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, Country	CA
Entity Address, Postal Zip Code	V6E 3T5
City Area Code	(208)
Local Phone Number	953-7372
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		93,730,212

Condensed Interim Consolidated

Condensed Interim Consolidated Balance Sheets - USD ($)	Jan. 31, 2023	Apr. 30, 2022
Current assets
Cash	$ 15,177	$ 14,029
Receivables	10,497	19,584
Prepaids	3,149	23,079
Assets held-for-sale	1,999,524	1,952,012
TOTAL ASSETS	2,028,347	2,008,704
Current liabilities
Accounts payable and accrued liabilities	1,518,112	1,250,188
Promissory notes due to related party	35,757,356	34,776,937
Liabilities held-for-sale	217,014	152,864
TOTAL LIABILITIES	37,492,482	36,179,989
CAPITAL DEFICIT
Issued and fully paid: 93,730,212 (April 30, 2022 – 93,730,212)	19,225,087	19,225,087
Additional paid-in capital	1,865,342	1,865,342
Deficit	(56,554,564)	(55,261,714)
TOTAL CAPITAL DEFICIT	(35,464,135)	(34,171,285)
TOTAL LIABILITIES AND CAPITAL DEFICIT	$ 2,028,347	$ 2,008,704

Condensed Interim Consolidate_2

Condensed Interim Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2023	Apr. 30, 2022
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0	$ 0
Common Stock, Shares, Issued	93,730,212	93,730,212
Common Stock, Shares Authorized	93,730,212	93,730,212

Condensed Interim Consolidate_3

Condensed Interim Consolidated Statements of Loss - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022
OPERATING EXPENSES
Management and consulting fees	$ 23,975	$ 25,913	$ 75,071	$ 78,079
General and miscellaneous	22,191	27,565	52,297	109,314
Professional fees	111,267	36,764	273,155	180,445
Operating Income (Loss)	(157,433)	(90,242)	(400,523)	(367,838)
OTHER (EXPENSE) INCOME FROM CONTINUING OPERATION
Foreign exchange gain (loss)	(11,817)	819	(8,294)	1,415
Interest and penalty expense	(20,177)		(224,188)	(60,000)
LOSS FOR THE PERIOD FROM CONTINUING OPERATIONS	(189,427)	(89,423)	(633,005)	(426,423)
Loss for the period from discontinued operations	(290,221)	(210,303)	(659,845)	(598,540)
NET LOSS FOR THE PERIOD	$ (479,648)	$ (299,726)	$ (1,292,850)	$ (1,024,963)
Loss per share from continuing operations– basic and diluted	$ 0	$ 0	$ (0.01)	$ 0
Loss per share from discontinued operations – basic and diluted	$ 0	$ 0	$ (0.01)	$ (0.01)
Weighted average number of shares outstanding	93,730,212	93,730,212	93,730,212	93,730,212

Condensed Interim Consolidate_4

Condensed Interim Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
OPERATING ACTIVITIES
Net loss for the period	$ (1,292,850)	$ (1,024,963)
Items not involving cash:
Amortization	1,442	1,901
Change in non-cash operating working capital items:
Receivables	9,087	(10,665)
Prepaids	18,038	20,043
Accounts payable and accrued liabilities	342,218	99,414
Cash flows used in operating activities from continuing operations	(326,195)	(351,109)
Cash flows used in operating activities from discontinued operations	(595,870)	(563,161)
	(922,065)	(914,270)
INVESTING ACTIVITIES
Purchase of equipment	(12,790)
Cash flows used in investing activities from discontinued operations	(12,790)
FINANCING ACTIVITIES
Proceeds from promissory notes received	935,000	850,000
Cash flows from financing activities from continuing operations	935,000	850,000
CHANGE IN CASH	145	(64,270)
CASH, BEGINNING OF THE PERIOD	20,456	110,684
CASH, END OF THE PERIOD	20,601	46,414
SUPPLEMENTAL CASH FLOW INFORMATION (Note 10)
Interest paid
Taxes paid

Condensed Interim Consolidate_5

Condensed Interim Consolidated Statements of Capital Deficit - USD ($)	3 Months Ended							9 Months Ended
	Jan. 31, 2023	Oct. 31, 2022	Jul. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021	Jul. 31, 2021	Jan. 31, 2023	Jan. 31, 2022
Balance at October 31, 2022	$ (34,984,487)	$ (34,647,485)	$ (34,171,285)	$ (33,841,324)	$ (33,541,598)	$ (33,226,931)	$ (32,816,361)	$ (34,171,285)	$ (32,816,361)
Loss for the period	(479,648)	(337,002)	(476,200)	(329,961)	(299,726)	(314,667)	(410,570)	(1,292,850)	(1,024,963)
Balance at January 31, 2023	(35,464,135)	(34,984,487)	(34,647,485)	(34,171,285)	(33,841,324)	(33,541,598)	(33,226,931)	(35,464,135)	(33,841,324)
Common Stock [Member]
Balance at October 31, 2022	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087
Common Stock, Shares, Outstanding, Beginning Balance	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212
Loss for the period
Balance at January 31, 2023	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087	$ 19,225,087
Common Stock, Shares, Outstanding, Ending Balance	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212	93,730,212
Additional Paid-in Capital [Member]
Balance at October 31, 2022	$ 1,865,342	$ 1,865,342	$ 1,865,342	$ 1,865,342	$ 1,865,342	$ 1,865,342	$ 1,865,342	$ 1,865,342	$ 1,865,342
Loss for the period
Balance at January 31, 2023	1,865,342	1,865,342	1,865,342	1,865,342	1,865,342	1,865,342	1,865,342	1,865,342	1,865,342
Retained Earnings [Member]
Balance at October 31, 2022	(56,074,916)	(55,737,914)	(55,261,714)	(54,931,753)	(54,632,027)	(54,317,360)	(53,906,790)	(55,261,714)	(53,906,790)
Loss for the period	(479,648)	(337,002)	(476,200)	(329,961)	(299,726)	(314,667)	(410,570)
Balance at January 31, 2023	$ (56,554,564)	$ (56,074,916)	$ (55,737,914)	$ (55,261,714)	$ (54,931,753)	$ (54,632,027)	$ (54,317,360)	$ (56,554,564)	$ (54,931,753)

NATURE OF BUSINESS AND BASIS OF

NATURE OF BUSINESS AND BASIS OF PRESENTATION AND LIQUIDITY:	9 Months Ended
	Jan. 31, 2023
Accounting Policies [Abstract]
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. In 2004, we changed our corporate jurisdiction from a British Columbia company to a Canadian corporation. The Company is listed for trading on the TSX Venture Exchange under the symbol “IMA” and the OTC Pink Market under the symbol “IMAHF”. On March 9, 2023, the Company announced that the Company’s name will change to “Highcliff Metals Corp.” and the issued and outstanding common shares will be consolidated on a ratio of up to ten (10) pre-consolidated shares to one (1) post-consolidated share, subject to TSX Venture Exchange approval. The Company’s principal business was the development of the Helmer-Bovill industrial mineral property (“the Property”) located in Latah County, Idaho. 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. On September 14, 2022, the Company entered into a Stock Purchase Agreement with BV Lending, LLC, an Idaho limited liability company, controlled by a major shareholder and former director of the Company and the Company's subsidiary, I-Minerals USA, Inc., an Idaho company that owns the leases that comprise the Helmer-Bovill Property, to sell all of the issued and outstanding common shares of I-Minerals USA Inc. to BV Lending, LLC. The Transaction was approved by shareholders of the Company at the Annual General and Special Meeting held on March 2, 2023. On March 6, 2023, the Transaction closed (Note 11). Basis of Presentation and Going Concern The accompanying unaudited condensed interim consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) Article 10 of Regulation S-X 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 January 31, 2023, the Company had not yet achieved profitable operations, had an accumulated deficit of $ since inception and expects to incur further losses in the development of its business, all of which casts substantial doubt upon the Company’s ability to continue as a going concern and, therefore, that it may be unable to realize its assets and discharge its liabilities in the normal course of business. The Company’s ability to continue as a going concern is dependent upon its ability to obtain the necessary financing to continue business operations. 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. There is no assurance of additional funding being available. As a result, there is substantial doubt about the Company’s ability to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:	9 Months Ended
	Jan. 31, 2023
Accounting Policies [Abstract]
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 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. 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 as at January 31, 2023 and April 30, 2022. 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 nine months ended January 31, 2023, loss per share excludes 1,250,000 (2022 – 2,250,000) potentially dilutive common shares (related to outstanding options) as their effect was anti-dilutive. 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. 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:	9 Months Ended
	Jan. 31, 2023
Extractive Industries [Abstract]
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% interest in 11 State of Idaho mineral leases. 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.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES:	9 Months Ended
	Jan. 31, 2023
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES:	4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES: Schedule of Accounts Payable And Accrued Liabilities January 31, 2023 $ April 30, 2022 $ Trade payables 270,248 189,615 Amounts due to related parties (Note 8) 227,427 224,627 Withholding tax on deemed dividends (Note 6) 896,756 896,756 Interest and penalties payable on promissory notes (Note 6) 292,898 78,579 Total accounts payable and accrued liabilities 1,687,329 1,389,577 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:	9 Months Ended
	Jan. 31, 2023
Leases [Abstract]
LEASE LIABILITY:	5. LEASE LIABILITY: 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 and April 30, 2022 are as follows: Schedule of Leases January 31, 2023 $ April 30, 2022 $ 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 Lease liability in held-for-sale liabilities (Note 11) - 13,475 The Company extended its property lease in October 2022 and the Company recognized a lease obligation with respect to the operating lease. The terms and the outstanding balances as at are as follows: Schedule of Leases January 31, 2023 $ Right-of-use asset from property lease repayable in monthly instalments of $2,382 and an interest rate of 5% per annum and an end date of October 15, 2024 47,797 Lease liability in held-for-sale liabilities (Note 11) 47,797 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 January 31, 2023 $ 2023 7,146 2024 28,582 2025 14,291 Total minimum lease payments 50,019 Less: imputed interest (2,222) Total present value of minimum lease payments 47,797

PROMISSORY NOTES DUE TO RELATED

PROMISSORY NOTES DUE TO RELATED PARTY:	9 Months Ended
	Jan. 31, 2023
Debt Disclosure [Abstract]
PROMISSORY NOTES DUE TO RELATED PARTY:	6. PROMISSORY NOTES DUE TO RELATED PARTY: Schedule of Promissory Notes January 31, 2023 $ April 30, 2022 $ Third promissory notes 27,772,671 27,736,602 Fifth promissory notes 3,392,079 3,387,673 Sixth promissory notes 4,592,606 3,652,662 Total promissory notes 35,757,356 34,776,937 The Company has Third Promissory Notes, Fifth Promissory Notes and Sixth Promissory Notes due to BV Lending, LLC, a company controlled by a former 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. On December 31, 2022, the maturity date was extended to February 15, 2023 for no consideration. On February 14, 2023, the maturity date was extended to March 10, 2023 for no consideration. The promissory notes were settled on March 6, 2023, the date of closing the Transaction (Note 11). 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, April 14, 2022, June 14, 2022, September 15, 2022, December 31, 2022 and February 14, 2023 extension agreements qualified as troubled debt restructurings. . 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 January 31, 2023, the Company had recorded $896,756 of withholding tax on the deemed dividends (April 30, 2022 - $896,756) and penalties and interest of $284,188 (April 30, 2022 - $60,000) for the unpaid withholding tax. As at January 31, 2023, accrued interest on the promissory notes was $8,710 (April 30, 2022 – $18,579). During the nine months ended , the Company recorded accrued interest of $134,512 (2022 - $60,000) and an estimate of penalties in the amount of $89,676 (2022- $nil) with respect to the accrued withholding tax payable (Note 4). Third Promissory Notes The Third Promissory Notes bear interest at the rate of 0.13% per annum and during the nine months ended , the Company recorded interest of $27,295 (2022 - $26,953 ). During the nine months ended January 31, 2023 and 2022, the interest expense is included in loss from discontinued operations. Interest is payable semi-annually as calculated on May 31 st th 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 , the Company had received $2,500,000 (April 30, 2022 - $2,500,000) in advances pursuant to the Fifth Promissory Notes. during the nine months ended , the Company recorded interest of $3,708 (2022 - $3,290). During the nine months ended January 31, 2023 and 2022, the interest expense is included in loss from discontinued operations. Interest is payable semi-annually as calculated on May 31 st th During the nine months ended January 31, 2023, the Lender elected to have interest payable from December 1, 2021 to May 31, 2022 of $2,196 and interest payable from June 1, 2022 to November 30, 2022 of $2,209 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 various dates, the Company entered into amending agreements whereby the Lender agreed to advance additional funds under the same terms as the Sixth Promissory Notes. As at , the Company had received $4,285,000 in advances pursuant to the Sixth Promissory Notes (April 30, 2022 - $3,350,000). The Sixth Promissory Notes bear interest at the rate of 0.13% per annum and during the nine months ended , the Company recorded interest of $4,547 (2022 - $2,864). During the nine months ended January 31, 2023 and 2022, the interest expense is included in loss from discontinued operations. Interest is st th During the nine months ended January 31, 2023, the Lender elected to have interest payable from December 1, 2021 to May 31, 2022 of $2,264 and interest payable from June 1, 2022 to November 30, 2022 of $2,679 deemed as advances. 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 2023 $ 2024 $ 2025 $ 2026 $ 2027 $ Total $ 35,757,356 - - - - 35,757,356

SHARE CAPITAL_

SHARE CAPITAL:	9 Months Ended
	Jan. 31, 2023
Equity [Abstract]
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 nine months ended January 31, 2023 and 2022, 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 January 31, 2023, the Company had 8,123,021 stock options available for grant pursuant to the Plan (April 30, 2022 – 8,123,021). The Company’s stock options outstanding as at January 31, 2023 and the changes for the period then ended are as follows: Stock Options Outstanding Number Outstanding Weighted Average Exercise Price (in CAD$) Balance outstanding at April 30, 2021 2,750,000 0.26 Expired (1,500,000) 0.26 Balance outstanding at April 30, 2022 1,250,000 0.25 Balance outstanding at January 31, 2023 1,250,000 0.25 Balance exercisable at January 31, 2023 - - Summary of stock options outstanding at : Summary of stock options outstanding Security Number Outstanding Number Exercisable Exercise Price (CAD$) Expiry Date Remaining Contractual Life (years) Stock options 1,250,000 (1) - (1) 0.25 August 9, 2023 0.77 Notes: (1) 1,250,000 stock options vest on the completion of certain milestones including equity financing, project financing, mine construction and achieving commercial production. As at , the unamortized compensation cost of options is $93,382 and the intrinsic value of options expected to vest is $nil.

RELATED PARTY TRANSACTIONS_

RELATED PARTY TRANSACTIONS:	9 Months Ended
	Jan. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS:	8 . RELATED PARTY TRANSACTIONS: During the nine months ended January 31, 2023, management and consulting fees of $70,500 (2022 - $72,000) were charged by RJG Capital Corporation, a wholly-owned company of W. Barry Girling, Director. Wayne Moorhouse, Director, charged $16,477 (2022 - $13,309) in management and consulting fees. Gary Childress, Director, charged $10,207 (2022 - $10,782) in management and consulting fees. $23,898 (2022 - $16,126) was charged by Malaspina Consultants Inc. for the services of Matt Anderson, CFO, and are included in professional fees. Included in accounts payable and accrued liabilities are amounts owed to directors or officers or companies controlled by them. As at January 31, 2023, the amount was $227,427 (April 30, 2022 – The promissory notes received from a company controlled by a former director (Note 6) are related party transactions. The Stock Purchase Agreement (Note 11) with a company controlled by a former director is a related party transaction.

SEGMENT DISCLOSURES_

SEGMENT DISCLOSURES:	9 Months Ended
	Jan. 31, 2023
Segment Reporting [Abstract]
SEGMENT DISCLOSURES:	9. 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 assets and operations are located in Latah County, Idaho.

NON-CASH TRANSACTIONS_

NON-CASH TRANSACTIONS:	9 Months Ended
	Jan. 31, 2023
Supplemental Cash Flow Elements [Abstract]
NON-CASH TRANSACTIONS:	10. 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 nine months ended January 31, 2023 , the following transactions were excluded from the consolidated statement of cash flows: a) The transfer of $45,419 of interest payable on the Third, Fifth and Sixth Promissory Notes from accounts payable and accrued liabilities to promissory notes; and, b) Deferred mineral property expenditures of $40,062 included in accounts payable and accrued liabilities at January 31, 2023, less $40,062 included in accounts payable at April 30, 2022 (net inclusion of $nil). During the nine months , the following transactions were excluded from the consolidated statement of cash flows: a) The transfer of $1,647,463 of interest payable on the Third, Fifth and Sixth Promissory Notes from accounts payable and accrued liabilities to promissory notes; and, b) Deferred mineral property expenditures of $40,062 included in accounts payable and accrued liabilities at January 31, 2022, less $40,062 included in accounts payable at April 30, 2021 (net inclusion of $nil).

DISCONTINUED OPERATIONS_

DISCONTINUED OPERATIONS:	9 Months Ended
	Jan. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS:	11. DISCONTINUED OPERATIONS: 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. The Transaction was approved by shareholders of the Company at the Annual General and Special Meeting held on March 2, 2023. On March 6, 2023, the Transaction closed. Key Terms of the Transaction: - Immediately prior to closing of the Transaction, the Company contributed an intercompany debt owed by I-Minerals USA to the Company in the amount of $26,120,368, resulting in the cancellation of the outstanding indebtedness. - At the closing of the Transaction, the Company sold all of the shares of I-Minerals USA to BV Lending for an amount equal to C$3,000,000 (the "Share Value"). - The Share Value was 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 transferred to the Company the balance of the debt owed by the Company to BV Lending (which debt was $36,186,056 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, was 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 was subject to the approval of the Transaction by shareholders of the Company (the "Shareholders") and the TSX Venture Exchange. Approvals were received. - As part of the Transaction, BV Lending has agreed to pay taxes that will become payable upon closing 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 January 31, 2023 and April 30, 2022 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 January 31, 2023 $ April 30, 2022 $ Cash and cash equivalents 5,424 6,427 Prepaids 7,617 5,725 Equipment and right-of-use asset 64,865 18,242 Mineral property interest and deferred development costs (Note 3) 1,892,410 1,892,410 Deposits 29,208 29,208 Assets held-for-sale 1,999,524 1,952,012 Account payable and accrued liabilities (Note 4) 169,217 139,389 Lease liability (Note 5) 47,797 13,475 Liabilities held-for sale 217,014 152,864 Three months ended January 31, Nine months ended January 31, 2023 2022 2023 2022 $ $ $ $ OPERATING EXPENSES Amortization 445 634 1,442 1,901 Management and consulting fees 24,750 24,750 74,250 74,250 Mineral property expenditures 193,331 150,828 484,733 435,478 General and miscellaneous 16,301 14,340 19,097 44,225 Professional fees 41,902 4,750 42,724 8,850 (276,729) (195,302) (622,246) (564,704) OTHER EXPENSE Foreign exchange loss (989) (284) (2,049) (729) Interest expense (12,503) (14,717) (35,550) (33,107) Loss for the period from discontinued operations (290,221) (210,303) (659,845) (598,540)

SUBSEQUENT EVENTS_

SUBSEQUENT EVENTS:	9 Months Ended
	Jan. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS:	12. SUBSEQUENT EVENTS: Subsequent to : i) On February 2, 2023 and March 3, 2023, the Company received $90,000 and $152,000, respectively, pursuant to the Sixth Promissory Notes. On March 3, 2023, the Lender agreed to have $175,000 of accounts payable and accrued liabilities transferred to the Sixth Promissory Notes. The balance, including principal and accrued interest, of the Third Promissory Notes, Fifth Promissory Notes and Sixth Promissory Notes due to the Lender of $36,186,056 was settled on March 6, 2023, the date of closing of the Transaction (Note 11). ii) On March 6, 2023, the Transaction closed (Note 11).

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Policies)	9 Months Ended
	Jan. 31, 2023
Accounting Policies [Abstract]
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
Financial Instruments and Fair Value Measures	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. 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 as at January 31, 2023 and April 30, 2022.
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 nine months ended January 31, 2023, loss per share excludes 1,250,000 (2022 – 2,250,000) potentially dilutive common shares (related to outstanding options) as their effect was anti-dilutive.
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.
Financial Instruments - Credit Losses	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.

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES: (Tables)	9 Months Ended
	Jan. 31, 2023
Payables and Accruals [Abstract]
Schedule of Accounts Payable And Accrued Liabilities	Schedule of Accounts Payable And Accrued Liabilities January 31, 2023 $ April 30, 2022 $ Trade payables 270,248 189,615 Amounts due to related parties (Note 8) 227,427 224,627 Withholding tax on deemed dividends (Note 6) 896,756 896,756 Interest and penalties payable on promissory notes (Note 6) 292,898 78,579 Total accounts payable and accrued liabilities 1,687,329 1,389,577

LEASE LIABILITY_ (Tables)

LEASE LIABILITY: (Tables)	9 Months Ended
	Jan. 31, 2023
Leases [Abstract]
Schedule of Leases	Schedule of Leases January 31, 2023 $ April 30, 2022 $ 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 Lease liability in held-for-sale liabilities (Note 11) - 13,475
Schedule of Leases	Schedule of Leases January 31, 2023 $ Right-of-use asset from property lease repayable in monthly instalments of $2,382 and an interest rate of 5% per annum and an end date of October 15, 2024 47,797 Lease liability in held-for-sale liabilities (Note 11) 47,797
Schedule of Future Minimum Lease Payments	Schedule of Future Minimum Lease Payments January 31, 2023 $ 2023 7,146 2024 28,582 2025 14,291 Total minimum lease payments 50,019 Less: imputed interest (2,222) Total present value of minimum lease payments 47,797

PROMISSORY NOTES DUE TO RELAT_2

PROMISSORY NOTES DUE TO RELATED PARTY: (Tables)	9 Months Ended
	Jan. 31, 2023
Debt Disclosure [Abstract]
Schedule of Promissory Notes	Schedule of Promissory Notes January 31, 2023 $ April 30, 2022 $ Third promissory notes 27,772,671 27,736,602 Fifth promissory notes 3,392,079 3,387,673 Sixth promissory notes 4,592,606 3,652,662 Total promissory notes 35,757,356 34,776,937
Schedule of Payments To Repay Principal Balance	Schedule of Payments To Repay Principal Balance 2023 $ 2024 $ 2025 $ 2026 $ 2027 $ Total $ 35,757,356 - - - - 35,757,356

SHARE CAPITAL_ (Tables)

SHARE CAPITAL: (Tables)	9 Months Ended
	Jan. 31, 2023
Equity [Abstract]
Stock Options Outstanding	Stock Options Outstanding Number Outstanding Weighted Average Exercise Price (in CAD$) Balance outstanding at April 30, 2021 2,750,000 0.26 Expired (1,500,000) 0.26 Balance outstanding at April 30, 2022 1,250,000 0.25 Balance outstanding at January 31, 2023 1,250,000 0.25 Balance exercisable at January 31, 2023 - -
Summary of stock options outstanding	Summary of stock options outstanding Security Number Outstanding Number Exercisable Exercise Price (CAD$) Expiry Date Remaining Contractual Life (years) Stock options 1,250,000 (1) - (1) 0.25 August 9, 2023 0.77

DISCONTINUED OPERATIONS_ (Table

DISCONTINUED OPERATIONS: (Tables)	9 Months Ended
	Jan. 31, 2023
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 January 31, 2023 $ April 30, 2022 $ Cash and cash equivalents 5,424 6,427 Prepaids 7,617 5,725 Equipment and right-of-use asset 64,865 18,242 Mineral property interest and deferred development costs (Note 3) 1,892,410 1,892,410 Deposits 29,208 29,208 Assets held-for-sale 1,999,524 1,952,012 Account payable and accrued liabilities (Note 4) 169,217 139,389 Lease liability (Note 5) 47,797 13,475 Liabilities held-for sale 217,014 152,864 Three months ended January 31, Nine months ended January 31, 2023 2022 2023 2022 $ $ $ $ OPERATING EXPENSES Amortization 445 634 1,442 1,901 Management and consulting fees 24,750 24,750 74,250 74,250 Mineral property expenditures 193,331 150,828 484,733 435,478 General and miscellaneous 16,301 14,340 19,097 44,225 Professional fees 41,902 4,750 42,724 8,850 (276,729) (195,302) (622,246) (564,704) OTHER EXPENSE Foreign exchange loss (989) (284) (2,049) (729) Interest expense (12,503) (14,717) (35,550) (33,107) Loss for the period from discontinued operations (290,221) (210,303) (659,845) (598,540)

NATURE OF BUSINESS AND BASIS _2

NATURE OF BUSINESS AND BASIS OF PRESENTATION AND LIQUIDITY: (Details Narrative) - USD ($)	Jan. 31, 2023	Apr. 30, 2022
Accounting Policies [Abstract]
Retained Earnings (Accumulated Deficit)	$ 56,554,564	$ 55,261,714

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Details Narrative) - shares	9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Accounting Policies [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,250,000	2,250,000

MINERAL PROPERTY INTEREST AND_2

MINERAL PROPERTY INTEREST AND DEFERRED DEVELOPMENT COSTS: (Details Narrative)	9 Months Ended
	Jan. 31, 2023
Extractive Industries [Abstract]
[custom:MineralLeasesInterest]	10,000%
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) - USD ($)	Jan. 31, 2023	Apr. 30, 2022
Trade payables	$ 270,248	$ 189,615
Amounts due to related parties (Note 8)	227,427	224,627
Withholding tax on deemed dividends (Note 6)	896,756	896,756
Interest and penalties payable on promissory notes (Note 6)	292,898	78,579
Total accounts payable and accrued liabilities	1,518,112	1,250,188
Total [Member]
Total accounts payable and accrued liabilities	$ 1,687,329	$ 1,389,577

Schedule of Leases (Details)

Schedule of Leases (Details) - USD ($)	Jan. 31, 2023	Apr. 30, 2022
Lease liability in held-for-sale liabilities (Note 11)	$ 47,797
Property 1 [Member]
Right-of-use asset from property lease repayable in monthly instalments of $2,382 and an interest rate of 5% per annum and an end date of October 15, 2024		$ 13,475
Lease liability in held-for-sale liabilities (Note 11)		$ 13,475
Property 2 [Member]
Right-of-use asset from property lease repayable in monthly instalments of $2,382 and an interest rate of 5% per annum and an end date of October 15, 2024	47,797
Lease liability in held-for-sale liabilities (Note 11)	$ 47,797

Schedule of Future Minimum Leas

Schedule of Future Minimum Lease Payments (Details)	Jan. 31, 2023 USD ($)
Leases [Abstract]
2023	$ 7,146
2024	28,582
2025	14,291
Total minimum lease payments	50,019
Less: imputed interest	(2,222)
Total present value of minimum lease payments	$ 47,797

Schedule of Promissory Notes (D

Schedule of Promissory Notes (Details) - USD ($)	Jan. 31, 2023	Apr. 30, 2022
Third Promissory Note [Member]
Short-Term Debt [Line Items]
Total promissory notes	$ 27,772,671	$ 27,736,602
Fifth Promissory Note [Member]
Short-Term Debt [Line Items]
Total promissory notes	3,392,079	3,387,673
Sixth Promissory Note [Member]
Short-Term Debt [Line Items]
Total promissory notes	4,592,606	3,652,662
Total [Member]
Short-Term Debt [Line Items]
Total promissory notes	$ 35,757,356	$ 34,776,937

Schedule of Payments To Repay P

Schedule of Payments To Repay Principal Balance (Details) - Promissory Notes [Member]	Jan. 31, 2023 USD ($)
Debt Instrument [Line Items]
Long-Term Debt, Maturity, Year One	$ 35,757,356
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	$ 35,757,356

PROMISSORY NOTES DUE TO RELAT_3

PROMISSORY NOTES DUE TO RELATED PARTY: (Details Narrative) - USD ($)	9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Apr. 30, 2022
Short-Term Debt [Line Items]
Interest Costs Incurred		$ 2,864
Third Promissory Notes [Member]
Short-Term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.13%
Interest Costs Incurred	$ 27,295	26,953
Debt Instrument, Convertible, Terms of Conversion Feature	During the nine months ended January 31, 2023, the Lender elected to have interest payable from December 1, 2021 to May 31, 2022 of $17,979 and interest payable from June 1, 2022 to November 30, 2022 of $18,090 deemed as advances.
Fifth Promissory Notes [Member]
Short-Term Debt [Line Items]
Interest Costs Incurred	$ 3,708	$ 3,290
Debt Instrument, Convertible, Terms of Conversion Feature	During the nine months ended January 31, 2023, the Lender elected to have interest payable from December 1, 2021 to May 31, 2022 of $2,196 and interest payable from June 1, 2022 to November 30, 2022 of $2,209 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	0.13%
Interest Costs Incurred	$ 4,547
Debt Instrument, Convertible, Terms of Conversion Feature	During the nine months ended January 31, 2023, the Lender elected to have interest payable from December 1, 2021 to May 31, 2022 of $2,264 and interest payable from June 1, 2022 to November 30, 2022 of $2,679 deemed as advances.
Loans Payable	$ 4,285,000		$ 3,350,000

Stock Options Outstanding (Deta

Stock Options Outstanding (Details) - $ / shares	9 Months Ended	12 Months Ended
	Jan. 31, 2023	Apr. 30, 2021	Apr. 30, 2022
Equity [Abstract]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	1,250,000	2,750,000	1,250,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 0.25	$ 0.26	$ 0.25
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Expirations in Period		(1,500,000)
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price		$ 0.26
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)	9 Months Ended
	Jan. 31, 2023 $ / 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
[custom:ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate1]	August 9, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	9 months 7 days

SHARE CAPITAL_ (Details Narrati

SHARE CAPITAL: (Details Narrative) - USD ($)	9 Months Ended
	Jan. 31, 2023	Apr. 30, 2022
Equity [Abstract]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant	8,123,021	8,123,021
Deferred Compensation Arrangement with Individual, Allocated Share-Based Compensation Expense	$ 93,382

RELATED PARTY TRANSACTIONS_ (De

RELATED PARTY TRANSACTIONS: (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022	Apr. 30, 2022
Related Party Transaction [Line Items]
General and Administrative Expense	$ 23,975	$ 25,913	$ 75,071	$ 78,079
Professional Fees	111,267	36,764	273,155	180,445
Accounts Payable and Accrued Liabilities, Current	1,518,112		1,518,112		$ 1,250,188
R J G Capital Corporation [Member]
Related Party Transaction [Line Items]
General and Administrative Expense			70,500	72,000
Wayne Moorhouse Director [Member]
Related Party Transaction [Line Items]
General and Administrative Expense			16,477	13,309
Gary Childress Director [Member]
Related Party Transaction [Line Items]
General and Administrative Expense			10,207	10,782
Malaspina Consultants Inc [Member]
Related Party Transaction [Line Items]
Professional Fees			23,898	16,126
Directors Or Officers Or Companies Controlled By Them [Member]
Related Party Transaction [Line Items]
Accounts Payable and Accrued Liabilities, Current	$ 227,427	$ 224,627	$ 227,427	$ 224,627

NON-CASH TRANSACTIONS_ (Details

NON-CASH TRANSACTIONS: (Details Narrative) - USD ($)	9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Apr. 30, 2022
Debt Conversion [Line Items]
Accounts Payable and Accrued Liabilities, Current	$ 1,518,112		$ 1,250,188
Deferred Mineral Property Expenditures [Member]
Debt Conversion [Line Items]
Accounts Payable and Accrued Liabilities, Current	40,062	$ 40,062
Accounts Payable, Current			$ 40,062
Promissory Notes [Member]
Debt Conversion [Line Items]
[custom:TransferOfInterestPayableToPromissoryNote]	$ 45,419	$ 1,647,463

Schedule Of Disposal Groups Inc

Schedule Of Disposal Groups Including Discontinued Operations Income Statement Balance Sheet And Additional Disclosures (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2023	Jan. 31, 2022	Apr. 30, 2022	Apr. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 20,601	$ 46,414	$ 20,601	$ 46,414	$ 20,456	$ 110,684
Prepaids	3,149		3,149		23,079
Assets held-for-sale	1,999,524		1,999,524		1,952,012
Accounts payable and accrued liabilities	1,518,112		1,518,112		1,250,188
Lease liability (Note 5)	47,797		47,797
Liabilities held-for sale	217,014		217,014		152,864
OPERATING EXPENSES
Management and consulting fees	23,975	25,913	75,071	78,079
General and miscellaneous	22,191	27,565	52,297	109,314
OTHER EXPENSE
Foreign exchange loss	(11,817)	819	(8,294)	1,415
Interest expense	(20,177)		(224,188)	(60,000)
Loss for the period from discontinued operations	(290,221)	(210,303)	(659,845)	(598,540)
Balance Sheet [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	5,424		5,424		6,427
Prepaids	7,617		7,617		5,725
Equipment and right-of-use asset	64,865		64,865		18,242
Mineral property interest and deferred development costs (Note 3)	1,892,410		1,892,410		1,892,410
Deposits	29,208		29,208		29,208
Assets held-for-sale	1,999,524		1,999,524		1,952,012
Accounts payable and accrued liabilities	169,217		169,217		139,389
Lease liability (Note 5)	47,797		47,797		13,475
Liabilities held-for sale	217,014		217,014		$ 152,864
Income Statement [Member]
OPERATING EXPENSES
Amortization	445	634	1,442	1,901
Management and consulting fees	24,750	24,750	74,250	74,250
Mineral property expenditures	193,331	150,828	484,733	435,478
General and miscellaneous	16,301	14,340	19,097	44,225
Professional fees	41,902	4,750	42,724	8,850
	(276,729)	(195,302)	(622,246)	(564,704)
OTHER EXPENSE
Foreign exchange loss	(989)	(284)	(2,049)	(729)
Interest expense	(12,503)	(14,717)	(35,550)	(33,107)
Loss for the period from discontinued operations	$ (290,221)	$ (210,303)	$ (659,845)	$ (598,540)

SUBSEQUENT EVENTS_ (Details Nar

SUBSEQUENT EVENTS: (Details Narrative)	1 Months Ended
	Feb. 28, 2023
Subsequent Events [Abstract]
Long-Term Debt, Description	On February 2, 2023 and March 3, 2023, the Company received $90,000 and $152,000, respectively, pursuant to the Sixth Promissory Notes.  On March 3, 2023, the Lender agreed to have $175,000 of accounts payable and accrued liabilities transferred to the Sixth Promissory Notes.  The balance, including principal and accrued interest, of the Third Promissory Notes, Fifth Promissory Notes and Sixth Promissory Notes due to the Lender of $36,186,056 was settled on March 6, 2023, the date of closing of the Transaction (Note 11).