Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Oct. 31, 2013 | Dec. 10, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'Cyclone Uranium Corp | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--01-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 149,562,125 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0000844788 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 31-Oct-13 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
CONDENSED_CONSOLIDATED_BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) | Oct. 31, 2013 | Jan. 31, 2013 |
CURRENT ASSETS | ' | ' |
Cash | $8,603 | $21,323 |
Restricted deposits | 35,106 | 35,000 |
Prepaid and other current assets | 123,771 | 139,413 |
Total Current Assets | 167,480 | 195,736 |
OTHER ASSETS | ' | ' |
Mineral interests | 1,400,000 | 1,400,000 |
Total Other Assets | 1,400,000 | 1,400,000 |
TOTAL ASSETS | 1,567,480 | 1,595,736 |
CURRENT LIABILITIES | ' | ' |
Accounts payable and accrued expenses | 208,051 | 98,996 |
Accounts payable and accrued expenses - related party | 80,273 | 88,303 |
Notes payable-shareholders | 311,713 | 195,000 |
Note payable | 300,000 | 300,000 |
Accounts payable and accrued expenses - shareholders | 536,648 | 496,156 |
Total Current Liabilities | 1,436,685 | 1,178,455 |
STOCKHOLDERS' EQUITY (DEFICIT) | ' | ' |
Common stock, $0.001 par value, 600,000,000 shares authorized 149,562,125 and 141,062,125 shares issued and outstanding, respectively | 149,561 | 141,061 |
Additional paid-in capital | 21,268,908 | 20,988,642 |
Accumulated (deficit) prior to exploration stage | -15,353,115 | -15,353,115 |
Accumulated (deficit) during exploration stage | -5,934,559 | -5,359,307 |
Total Stockholders' Equity (Deficit) | 130,795 | 417,281 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $1,567,480 | $1,595,736 |
CONDENSED_CONSOLIDATED_BALANCE1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $) | Oct. 31, 2013 | Jan. 31, 2013 |
Common stock par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized (in Shares) | 600,000,000 | 600,000,000 |
Common stock, shares issued (in Shares) | 149,562,125 | 141,062,125 |
Common stock, shares outstanding (in Shares) | 149,562,125 | 141,062,125 |
CONDENSED_CONSOLIDATED_STATEME
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 9 Months Ended | 153 Months Ended | ||
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | |
REVENUE | ' | ' | ' | ' | $44,240 |
COSTS AND EXPENSES | ' | ' | ' | ' | ' |
Cost of revenue | ' | ' | ' | ' | 50,000 |
Exploration expense | 34,470 | 66,584 | 137,383 | 164,368 | 1,799,969 |
Impairment of mineral interests | ' | ' | ' | 281,477 | 621,277 |
Write down of inventory to fair value | ' | ' | ' | ' | 125,000 |
General and administrative | 36,102 | 132,856 | 266,494 | 405,594 | 4,826,206 |
TOTAL OPERATING EXPENSES | 70,572 | 199,440 | 403,877 | 851,439 | 7,422,452 |
(LOSS) FROM OPERATIONS | -70,572 | -199,440 | -403,877 | -851,439 | -7,378,212 |
OTHER INCOME (EXPENSES) | ' | ' | ' | ' | ' |
Interest expense - related party | ' | -6,947 | ' | -22,272 | -162,032 |
Interest expense | -34,872 | -139,976 | -103,477 | -139,976 | -278,881 |
Interest expense - shareholder | -48,503 | ' | -68,003 | ' | -68,003 |
Relief of payables and other indebtedness | ' | ' | ' | ' | 66,935 |
Other income | ' | 4 | 105 | 4 | 2,404,793 |
Interest income | ' | ' | ' | ' | 37,709 |
TOTAL OTHER INCOME (EXPENSES) | -83,375 | -146,919 | -171,375 | -162,244 | 2,000,521 |
(LOSS) BEFORE TAXES | -153,947 | -346,359 | -575,252 | -1,013,683 | -5,377,691 |
INCOME TAXES | ' | ' | ' | ' | 556,868 |
NET (LOSS) | ($153,947) | ($346,359) | ($575,252) | ($1,013,683) | ($5,934,559) |
NET LOSS PER COMMON SHARE, BASIC AND DILUTED (in Dollars per share) | $0 | $0 | $0 | ($0.01) | ' |
WEIGHTED AVERAGE NUMBER OF COMMON STOCK SHARES OUTSTANDING, BASIC AND DILUTED (in Shares) | 149,404,516 | 141,062,125 | 144,622,632 | 131,999,854 | ' |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 9 Months Ended | 153 Months Ended | |
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net (loss) | ($575,252) | ($1,013,683) | ($5,934,559) |
Adjustments to reconcile net (loss) to net cash (used in) operating activities: | ' | ' | ' |
Income from sale of mineral interests | ' | ' | -2,235,000 |
Writedown of inventory to market value | ' | ' | 125,000 |
Impairment of mineral interests | ' | 281,477 | 621,277 |
Relief of payables and other indebtedness | ' | ' | -66,935 |
Depreciation | ' | ' | 7,062 |
Common stock issued for services | ' | ' | 419,814 |
Stock compensation | 52,193 | 199,924 | 1,244,794 |
Non cash interest expense | 33,286 | 132,332 | 33,286 |
Changes in assets and liabilities: | ' | ' | ' |
Inventory | ' | ' | 50,000 |
Prepaid and other current assets | 15,536 | -52,724 | -60,987 |
Accounts payable and accrued expenses | 109,055 | -5,341 | 758,267 |
Accounts payable and accrued expenses, related party | -8,030 | ' | -8,030 |
Asset retirement obligation | ' | ' | -52,000 |
Accounts payable and accrued expenses - shareholders | 40,492 | 39,768 | 571,348 |
Net cash (used in) operating activities | -332,720 | -418,247 | -4,526,663 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Cash received in acquisition | ' | 297,564 | 310,393 |
Proceeds from sale of mineral interests | ' | ' | 2,235,000 |
Release of reclamation bonds | ' | ' | 895,000 |
Net cash provided by investing activities | ' | 297,564 | 3,440,393 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Repayment of amounts due to Tournigan Energy, Inc | ' | ' | -330,000 |
Cash received from sale of common stock | 170,000 | 50,000 | 1,026,486 |
Proceeds from the exercise of stock options | ' | ' | 35,000 |
Proceeds from notes payable | 150,000 | 300,000 | 485,000 |
Proceeds from notes payable - shareholder | ' | ' | 350,500 |
Repayment of note payable - shareholder | ' | -149,000 | -1,181,568 |
Capital contribution by shareholder | ' | ' | 689,068 |
Net cash provided by financing activities | 320,000 | 201,000 | 1,074,486 |
INCREASE(DECREASE) IN CASH | -12,720 | 80,317 | -11,784 |
Cash, beginning of period | 21,323 | 315 | 20,387 |
Cash, end of period | 8,603 | 80,632 | 8,603 |
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ' | ' | ' |
Reclassification of capital contributions to note payable | ' | ' | 864,068 |
Conversion of notes payable and accrued interest to common stock | ' | ' | 329,181 |
Conversion of amounts due to shareholders to common stock | ' | ' | 374,089 |
Common shares issued for stock subscriptions - shareholder | ' | ' | 433,813 |
Conversion of amounts due to affiliate to stock subscription | ' | ' | 131,282 |
Purchase of inventory via direct payment by shareholder | ' | ' | 175,000 |
Contribution of accounts payable and accrued expenses - shareholder | ' | ' | 50,000 |
New Fork Acquisition [Member] | ' | ' | ' |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Cash received in acquisition | ' | 297,564 | 297,564 |
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ' | ' | ' |
Common shares issued for New Fork acquisition | ' | 2,000,000 | 2,030,300 |
Tournigan Acquisition [Member] | ' | ' | ' |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Cash received in acquisition | ' | ' | 12,829 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Repayment of amounts due to Tournigan Energy, Inc | ' | ' | -330,000 |
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ' | ' | ' |
Contribution of amounts due Tournigan Energy Ltd to capital | ' | ' | $873,327 |
Nature_of_Operations_and_Basis
Nature of Operations and Basis of Presentation | 9 Months Ended |
Oct. 31, 2013 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
NOTE 1 – Nature of Operations and Basis of Presentation | |
Cyclone Uranium Corporation (“Cyclone” or the “Company”), and its subsidiaries are engaged in the business of mining and mineral exploration. This includes locating, acquiring, exploring, improving, leasing and developing mineral interests, primarily in the field of precious metals. | |
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) pursuant to Item 210 of Regulation S-X. They do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. For further information, refer to the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K and 10-K/A for the year ended January 31, 2013. | |
The accounting policies followed by the Company are set forth in Note 1 to the Company’s consolidated financial statements in the Report on Form 10-K and 10-K/A for the year ended January 31, 2013, and are supplemented throughout the notes to condensed consolidated financial statements. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated financial statements and notes included in the Company’s Report on the Form 10-K and 10-K/A for the year ended January 31, 2013. | |
The accompanying condensed consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany transactions and balances have been eliminated in consolidation. |
Acquisition_of_New_Fork_Uraniu
Acquisition of New Fork Uranium Corporation | 9 Months Ended | ||
Oct. 31, 2013 | |||
Business Combinations [Abstract] | ' | ||
Business Combination Disclosure [Text Block] | ' | ||
NOTE 2 - Acquisition of New Fork Uranium Corporation | |||
On March 14, 2012, the Company entered into a Stock Purchase Agreement (“the Agreement”) whereby the shareholders of New Fork Uranium Corporation (“New Fork”) sold all of the issued and outstanding shares of New Fork to the Company in exchange for the issuance to the shareholders of an aggregate of 50,000,000 shares of common stock, at $0.001 par value, of the Company. | |||
The 50,000,000 shares of common stock of the Company issued pursuant to the Agreement were issued pro rata to all of the shareholders of New Fork on the basis of 0.877192983 shares of the Company’s common stock for each outstanding New Fork share of common stock issued and outstanding on the effective date of the Agreement. | |||
New Fork holds 521 mining claims in the areas adjacent to the Company’s Cyclone Rim uranium exploration properties in Sweetwater County, Wyoming. New Fork’s assets are comprised of 521 federal mining claims covering about 10,000 acres of Bureau of Land Management (“BLM”) land. These claims cover a large portion of the sinuous, uranium bearing roll-front that exists in this part of south-central Wyoming. The Company’s existing Cyclone Rim claims cover a 28 mile extent of the western portion of this same roll-front trend. This area of Sweetwater County is a historical uranium-mining district that is seeing a resurgence of development activity. The Company now holds significant acreage on key uranium ground in the Red Desert. | |||
The transaction described above relating to the acquisition of New Fork was accounted for as a business combination. A summary of the transaction is presented below: | |||
Fair Value of net tangible assets acquired: | |||
Cash | $ | 297,564 | |
Prepaid expenses and other assets | 89,989 | ||
Accounts payable | -69,030 | ||
Acquired net assets (100%) | $ | 318,523 | |
Purchase Price: | |||
Issuance of 50,000,000 shares of stock | $ | 2,030,300 | |
Total | $ | 2,030,300 | |
Mineral rights | $ | 1,711,777 | |
Loss_Per_Share
Loss Per Share | 9 Months Ended |
Oct. 31, 2013 | |
Earnings Per Share [Abstract] | ' |
Earnings Per Share [Text Block] | ' |
NOTE 3 – Loss Per Share | |
Basic loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted loss per share is calculated by dividing net loss by the weighted average number of shares and dilutive common stock equivalents outstanding. During periods when they are anti-dilutive, common stock equivalents are not included in the calculation. |
Going_Concern
Going Concern | 9 Months Ended |
Oct. 31, 2013 | |
Going Concern [Abstract] | ' |
Going Concern [Text Block] | ' |
NOTE 4 - Going Concern | |
The Company has an accumulated deficit of $21,287,674 and has a working capital deficit of $1,269,205 at October 31, 2013. The Company has no current revenue producing operations and is in default on its $300,000 and $35,000 notes payable. These conditions raise substantial doubt about the Company's ability to continue as a going concern. | |
The ability of the Company to achieve its operating goals and thus positive cash flows from operations is dependent upon the future market price of metals, future capital raising efforts, and the ability to achieve and sustain efficient revenue producing operations. Management's plans will require additional financing, reduced exploration activity or disposition of or joint ventures with respect to mineral properties.While the Company has been successful in these capital raising endeavors in the past, there can be no assurance that its future efforts and anticipated operating improvements will be successful. | |
The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. |
Notes_Payable
Notes Payable | 9 Months Ended |
Oct. 31, 2013 | |
Notes Payable Disclosure [Abstract] | ' |
Notes Payable Disclosure [Text Block] | ' |
NOTE 5 - Notes Payable | |
Shareholders | |
In 2005, a shareholder advanced $30,000 to the Company for working capital purposes and to assist in identification of new mining properties. This loan is due on demand and bore interest at 5% per annum through January 31, 2009, at which time the interest rate increased to 10% per annum. During the years ended January 31, 2010 and 2009, the shareholder advanced an additional $50,000 and $80,000, respectively, under substantially identical terms. On August 31, 2011, the shareholder advanced a further $150,000 and added an additional $30,000 on October 27, 2011, for a loan total of $340,000 at January 31, 2012. The additional loans were drafted under identical terms of previous loans advanced to the Company. Payments of $180,000 were made on these loans during the year ended January 31, 2013. As of October 31, 2013 principal and interest due are $160,000 and $104,966. | |
On January 7, 2013, the Company entered into an agreement with a shareholder in the form of a promissory note payable, in the amount of $35,000. The terms of the note include an interest rate of 15% that is accrued and due upon maturity. The note and accrued interest was due and payable July 7, 2013. As of October 31, 2013, the Company had recorded $4,286 in accrued interest. In connection with the note payable, the Company issued a warrant to purchase 1,000,000 shares of common stock, exercisable on or before January 7, 2016 at $0.02 per share. The fair value of the warrant at the date of grant was $25,417 using a Black Scholes option pricing model using inputs described in Note 8, and the full expense was recorded as of the date of issuance. As of October 31, 2013, the Company is in default on the note. On October 31, 2013 the balance due, including interest is $39,286. We are currently engaged in discussions with the lender to extend the note. | |
On August 30, 2013, the Company entered into an agreement with a shareholder in the form of a promissory note payable, in the amount of $150,000. The terms of the note include an interest rate of 30% per annum. The note is due and payable 120 days from August 30, 2013. In connection with the financing agreement, on August 30, 2013 the Company issued a warrant to purchase 5,000,000 shares of common stock, exercisable on or before August 30, 2016 at $0.02 per share. The fair value of the warrant at the date of grant was $119,698 using a Black Scholes option pricing model using inputs described in Note 8. The proceeds from the note were allocated to notes payable and warrants based on the relative fair value of the debt and warrants. An amount of $33,286 was expensed in the quarter ended October 31, 2013. The remaining amount of $33,287 will be amortized and expensed over the life of the note which matures December 30, 2013. | |
Non-affiliated | |
On August 31, 2012 the Company entered into a $300,000 bridge loan financing arrangement with an unaffiliated accredited investor, the proceeds of which were used to pay maintenance fees to the Bureau of Land Management and general operating expenses of the Company. The note payable bears interest at a rate of 15% per annum and was due and payable on or before October 30, 2012. As of October 31, 2013, the Company is in default on the note.The default interest rate is 45%. As of October 31, 2013 the balance due, including interest, is $446,550. In addition, the note is secured by all of the property of the Company. We are currently engaged in discussions with the lender to extend the note. | |
In connection with the financing agreement, on August 31, 2012 the Company issued a warrant to purchase 6,814,000 shares of common stock, exercisable on or before August 31, 2017 at $0.02 per share. The fair value of the warrant at the date of grant was $132,332 using a Black Scholes option pricing model using inputs described in Note 8, and the full expense was recorded as of the date of issuance. |
Asset_Retirement_Obligations_a
Asset Retirement Obligations and Restricted Deposits | 9 Months Ended |
Oct. 31, 2013 | |
Asset Retirement Obligation Disclosure [Abstract] | ' |
Asset Retirement Obligation Disclosure [Text Block] | ' |
NOTE 6 - Asset Retirement Obligations and Restricted Deposits | |
Asset retirement obligations relate to legal obligations for site restoration and clean-up costs for exploration drilling activities in Arizona and Wyoming. The Company posts restricted deposits with US government agencies that are legally restricted for the purpose of settling these obligations. | |
During 2008 and 2009, TUSA carried out the required reclamation work and reseeding of affected areas in Wyoming. During the year ended January 31, 2010, the Wyoming Department of Environmental Quality (WDEQ) inspected the property and subsequently released $575,600 of restricted deposits. Approximately $340,000 of this amount was used to pay annual mineral claim fees, $200,000 was paid to Tournigan Energy, and the balance was used for operations. | |
During the year ended January 31, 2011, the remaining reclamation work was completed, and $304,400 of restricted deposits was released. Approximately $127,000 of this amount was used to pay annual mineral claim fees, $130,000 was paid to Tournigan Energy, and $47,000 was used for operations. | |
The balance of restricted deposits at October 31, 2013 was $35,106, which may be released upon future inspection by the Arizona BLM. |
Stockholders_Equity_Deficit
Stockholders' Equity (Deficit) | 9 Months Ended |
Oct. 31, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
NOTE 7 - Stockholders’ Equity (Deficit) | |
During the year ended January 31, 2012, the Company issued a total of 800,000 in shares to two individuals who had previously donated their time to the Company. 750,000 shares at $0.04 per share were granted and expensed as consulting expense and an additional 50,000 shares at $0.04 were granted to a related party and expensed as website expense. A related party forgave notes payable in the amount of $600,000. This amount was recorded as a contribution to capital.The Company issued a total of 6,323,820 common shares in settlement of debt of $410,860. | |
During the year ended January 31, 2013, the Company issued 50,000,000 shares to the shareholders of New Fork at $0.04 per share, 2,000,000 shares for a one-year investor relations services that terminated on March 19, 2013 at $0.05 per share valued at $100,000, and 2,000,000 units each consisting of one common share and one half warrant for cash of $50,000. The Company completed a private placement transaction in the amount of $50,000 by the issuance of 2,000,000 shares of common stock at $0.04 per share. Each share included one-half of a warrant exercisable at $0.05 per share. | |
On August 28, 2013, Accredited Members, Inc. was issued 500,000 of common stock at a price of $0.02 per share in exchange for an accounts payable for professional services provided to the Company. Each share also included one-half warrant exercisable at $0.25 per share with a term of five years from issuance. | |
During the nine months ended October 31, 2013 the Company, for a total of $170,000 issued 8,500,000 shares of common stock at $0.02 per share. Each share also included one-half warrant exercisable at $0.25 per share with a term of five years from issuance. This issuance included the Accredited Members, Inc. transaction described above, which was the only equity based transaction for the quarter ended October 31, 2013. Based on the terms and conditions of the warrants, we have concluded that all of the warrants issued meet the criteria for equity classification. |
Common_Stock_Options_and_Warra
Common Stock Options and Warrants | 9 Months Ended | |||||
Oct. 31, 2013 | ||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | |||||
NOTE 8 - Common Stock Options and Warrants | ||||||
The Company's 2012 Stock Option Plan adopted by the Board of Directors on September 17, 2012 states that the exercise price of each option will be granted at an amount that equals the fair market value at the date of grant. All options vest at a time determined at the discretion of the Company's Board of Directors. All options expire if not exercised within 10 years from the date of grant, unless stated otherwise by the Board of Directors upon issuance. | ||||||
The Company records compensation expense ratably over the vesting period for the fair value of options granted under the Company's 2012 Stock Option Plan. The Company estimates the fair value of each stock option at the grant date by using the Black-Scholes option-pricing model. | ||||||
On March 29, 2012, the Company issued stock options of 2,500,000 to the officers and directors. The options were priced at $0.06 per share and expire five years from the date of issuance. The fair value of the option grant was estimated on the date of grant utilizing the Black-Scholes option pricing model. The fair value of these options was determined to be $99,924 based on the following assumptions: expected life of options of 5 years, expected volatility of 305.3%, risk-free interest rate of 1.01% and no dividend yield. | ||||||
On March 25, 2013 the Company issued stock options to purchase 4,000,000 shares of common stock to an individual providing contract CFO services to the Company, half of which vested upon issuance and twenty five percent will vest in each of the subsequent two years of service to the Company. The options were priced at $0.02 per share and will expire five years from the date of issuance. The fair value of the option grant was estimated on the date of grant utilizing the Black-Scholes option pricing model. The fair value of these options was determined to be $79,498 Based on the following assumptions: expected life of the options of 5 years, expected volatility of 243.9%, risk-free interest rate of 0.80% and no dividend yield. These options will be expensed over their vesting schedule. | ||||||
On March 25, 2013 the Company issued stock options to purchase 500,000 shares of common stock to an individual providing contract accounting services to the Company, half of which vested upon issuance and the other half will vest after one year of service to the Company. The options were priced at $0.02 per share and will expire five years from the date of issuance. The fair value of the options granted is estimated using the market price at the end of each quarter. The fair value of these options as of the date of grant was determined to be $9,937. On the date of grant, utilizing the Black-Scholes model, the following assumptions were used: expected life of the options of 5 years, expected volatility of 243.9%, risk-free interest rate of 0.80% and no dividend yield. These options will be expensed over their vesting schedule. | ||||||
Weighted | ||||||
Average | ||||||
Number of | Exercise | |||||
Options | Shares | Price | ||||
Outstanding at January 31, 2013 | 10,250,000 | $0.17 | ||||
Issued | 4,500,000 | $0.02 | ||||
Exercised | - | - | ||||
Expired/Cancelled | - | - | ||||
Outstanding at October 31, 2013 | 14,750,000 | $0.12 | ||||
Exercisable at October 31, 2013 | 12,500,000 | $0.14 | ||||
The following table summarizes information about stock options at October 31, 2013: | ||||||
Weighted | Weighted | Weighted | Weighted | |||
Range of | Average | Average | Average | Average | ||
Prices | Number | Contractual | Exercise | Number | Exercise | |
Outstanding | Life | Price | Exercisable | Price | ||
$0.02 | 4,500,000 | 4.40 yrs | $0.02 | 2,250,000 | $0.02 | |
$0.05 | 2,000,000 | 2.55 yrs | $0.05 | 2,000,000 | $0.05 | |
$0.06 | 5,650,000 | 2.18 yrs | $0.06 | 3,150,000 | $0.06 | |
$0.08 | 500,000 | 1.22 yrs | $0.08 | 500,000 | $0.08 | |
$0.30 | 100,000 | 1.22 yrs | $0.30 | 100,000 | $0.30 | |
$0.60 | 2,000,000 | 2.10 yrs | $0.60 | 2,000,000 | $0.60 | |
On June 19, 2012 the Company issued 2,000,000 shares of common stock and a warrant to purchase 1,000,000 shares of common stock at $0.05 per share within a three year period. | ||||||
On August 31, 2012, in connection with a note payable, the Company entered into a Warrant Purchase Agreement with an unaffiliated accredited investor. As part of the terms of the note, the Company issued a five year warrant to the lender to purchase 6,814,000 shares of Company common stock, exercisable at $0.02 per share. The fair value of these warrants at the date of grant was $132,332 using a Black Scholes option pricing model and the following assumptions: expected life of warrants is five years, expected volatility rate of 194.81%, risk free rate of 0.59%, and an exercise price of $0.02. The $132,332 was fully expensed on the date of issuance. | ||||||
On January 7, 2013, in connection with a note payable, the Company entered into a Warrant for Purchase of Common Stock agreement with a related party investor. As stated in the agreement, the Company granted 1,000,000 shares of common stock, exercisable on or before January 7, 2016 at $0.02 per share. The fair value of these warrants at the date of grant was $25,417 using a Black Scholes option pricing model and the following assumptions: expected life of warrants is three years, expected volatility rate of 210.18%, risk free rate of 0.41%, and an exercise price of $0.02. The $25,417 was fully expensed on the date of issuance. | ||||||
During the quarter ended October 31, 2013 the Company issued 500,000 shares of common stock at $0.02 per share in exchange for certain services provided to the Company. In addition 250,000 warrants were issued to the same service provider which are exercisable at $0.25 per share with a term of five years from the grant date. | ||||||
Weighted | ||||||
Average | ||||||
Number of | Exercise | |||||
Warrants | Shares | Price | ||||
Outstanding at January 31, 2013 | 8,814,000 | $0.02 | ||||
Issued | 9,250,000 | $0.09 | ||||
Exercised | - | - | ||||
Expired/Cancelled | - | - | ||||
Outstanding at October 31, 2013 | 18,064,000 | $0.08 | ||||
Exercisable at October 31, 2013 | 18,064,000 | $0.08 | ||||
On October 31, 2013, the Company had the following outstanding warrants: | ||||||
Exercise Price | Weighted | |||||
Remaining | Times Number | Average | ||||
Exercise | Number | Contractual | of Shares | Exercise | ||
Price | of Shares | Life | Price | |||
$0.02 | 12,814,000 | 3.32 yrs | $256,280 | $0.02 | ||
$0.05 | 1,000,000 | 1.64 yrs | $50,000 | $0.05 | ||
$0.25 | 4,250,000 | 2.58 yrs | $1,000,000 | $0.25 | ||
18,064,000 | ||||||
Fair Value Considerations: | ||||||
GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. As presented in the tables below, this hierarchy consists of three broad levels: | ||||||
Level 1 valuations: | Quoted prices in active markets for identical assets and liabilities. | |||||
Level 2 valuations: | Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; and model-derived valuations whose inputs or significant value drivers are observable. | |||||
Level 3 valuations: | Significant inputs to valuation model are unobservable. | |||||
We classify assets and liabilities measured at fair value in their entirety based on the lowest level of input that is significant to their fair value measurement. We measure all our stock options issued to contractors that are required to be measured at fair value on a recurring basis using Level 3 inputs. Level 3 inputs are unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.While we had no outstanding instruments as of January 31, 2013 that required fair value measurement, 4,500,000 options were issued to contractors on March 25, 2013 which require fair value measurement for the unvested options on a quarterly basis. | ||||||
The options were revalued again using the Black-Scholes option pricing model for the quarter ended October 31, 2013 based on the following assumptions: expected life of the options of 4.50 years, expected volatility of 228.3%, risk-free interest rate of 1.31% and a stock price of $0.016, the Company calculated that the value for the unvested options had declined by $27,126 which was recorded as a negative stock option expense in the quarter ended October 31, 2013. |
Related_Party_Transactions
Related Party Transactions | 9 Months Ended |
Oct. 31, 2013 | |
Related Party Transactions [Abstract] | ' |
Related Party Transactions Disclosure [Text Block] | ' |
NOTE 9 - Related Party Transactions | |
During 2011, Minex Exploration which is controlled by our Director Gregory Schifrin, provided services to New Fork related to maintaining our mining claims in Sweetwater County, Wyoming for $86,358. As of October 31, 2013, $51,359 was owed to Minex Exploration for these services. | |
As of October 31, 2013 James G. Baughman, our CEO and Director, was owed $14,500 in fees and $2,192 in accrued benefits for his duties as CEO and $12,222 in expense reimbursements. As of October 31, 2013, the entire amount of $28,914 was owed to Mr. Baughman. |
Acquisition_of_New_Fork_Uraniu1
Acquisition of New Fork Uranium Corporation (Tables) | 9 Months Ended | ||
Oct. 31, 2013 | |||
Business Combinations [Abstract] | ' | ||
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | ' | ||
Fair Value of net tangible assets acquired: | |||
Cash | $ | 297,564 | |
Prepaid expenses and other assets | 89,989 | ||
Accounts payable | -69,030 | ||
Acquired net assets (100%) | $ | 318,523 | |
Purchase Price: | |||
Issuance of 50,000,000 shares of stock | $ | 2,030,300 | |
Total | $ | 2,030,300 | |
Mineral rights | $ | 1,711,777 | |
Common_Stock_Options_and_Warra1
Common Stock Options and Warrants (Tables) | 9 Months Ended | |||||
Oct. 31, 2013 | ||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | |||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | ' | |||||
Weighted | ||||||
Average | ||||||
Number of | Exercise | |||||
Options | Shares | Price | ||||
Outstanding at January 31, 2013 | 10,250,000 | $0.17 | ||||
Issued | 4,500,000 | $0.02 | ||||
Exercised | - | - | ||||
Expired/Cancelled | - | - | ||||
Outstanding at October 31, 2013 | 14,750,000 | $0.12 | ||||
Exercisable at October 31, 2013 | 12,500,000 | $0.14 | ||||
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | ' | |||||
Weighted | Weighted | Weighted | Weighted | |||
Range of | Average | Average | Average | Average | ||
Prices | Number | Contractual | Exercise | Number | Exercise | |
Outstanding | Life | Price | Exercisable | Price | ||
$0.02 | 4,500,000 | 4.40 yrs | $0.02 | 2,250,000 | $0.02 | |
$0.05 | 2,000,000 | 2.55 yrs | $0.05 | 2,000,000 | $0.05 | |
$0.06 | 5,650,000 | 2.18 yrs | $0.06 | 3,150,000 | $0.06 | |
$0.08 | 500,000 | 1.22 yrs | $0.08 | 500,000 | $0.08 | |
$0.30 | 100,000 | 1.22 yrs | $0.30 | 100,000 | $0.30 | |
$0.60 | 2,000,000 | 2.10 yrs | $0.60 | 2,000,000 | $0.60 | |
Schedule of Share-based Compensation, Warrant, Activity [Table Text Block] | ' | |||||
Weighted | ||||||
Average | ||||||
Number of | Exercise | |||||
Warrants | Shares | Price | ||||
Outstanding at January 31, 2013 | 8,814,000 | $0.02 | ||||
Issued | 9,250,000 | $0.09 | ||||
Exercised | - | - | ||||
Expired/Cancelled | - | - | ||||
Outstanding at October 31, 2013 | 18,064,000 | $0.08 | ||||
Exercisable at October 31, 2013 | 18,064,000 | $0.08 | ||||
Share-based Compensation, Shares Authorized under Warrants, by Exercise Price Range [Table Text Block] | ' | |||||
Exercise Price | Weighted | |||||
Remaining | Times Number | Average | ||||
Exercise | Number | Contractual | of Shares | Exercise | ||
Price | of Shares | Life | Price | |||
$0.02 | 12,814,000 | 3.32 yrs | $256,280 | $0.02 | ||
$0.05 | 1,000,000 | 1.64 yrs | $50,000 | $0.05 | ||
$0.25 | 4,250,000 | 2.58 yrs | $1,000,000 | $0.25 | ||
18,064,000 |
Acquisition_of_New_Fork_Uraniu2
Acquisition of New Fork Uranium Corporation (Details) (USD $) | 0 Months Ended | 9 Months Ended | |
Mar. 14, 2012 | Oct. 31, 2013 | Jan. 31, 2013 | |
Acquisition of New Fork Uranium Corporation (Details) [Line Items] | ' | ' | ' |
Shares Issued, Price Per Share (in Dollars per share) | ' | ' | $0.05 |
New Fork [Member] | ' | ' | ' |
Acquisition of New Fork Uranium Corporation (Details) [Line Items] | ' | ' | ' |
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares) | 50,000,000 | 50,000,000 | ' |
Shares Issued, Price Per Share (in Dollars per share) | $0.00 | ' | $0.04 |
Business Acquisition Equity Interest Issued Or Issuable Exchange Rate Per Share Of Acquiree Entity | 0.877192983 | ' | ' |
Acquisition_of_New_Fork_Uraniu3
Acquisition of New Fork Uranium Corporation (Details) - Acquisition of New Fork Uranium Corporation (USD $) | Oct. 31, 2013 | Jan. 31, 2013 | Oct. 31, 2013 |
New Fork [Member] | |||
Fair Value of net tangible assets acquired: | ' | ' | ' |
Cash | ' | ' | $297,564 |
Prepaid expenses and other assets | ' | ' | 89,989 |
Accounts payable | ' | ' | -69,030 |
Acquired net assets (100%) | ' | ' | 318,523 |
Purchase Price: | ' | ' | ' |
Issuance of 50,000,000 shares of stock | ' | ' | 2,030,300 |
Total | ' | ' | 2,030,300 |
Mineral rights | $1,400,000 | $1,400,000 | $1,711,777 |
Acquisition_of_New_Fork_Uraniu4
Acquisition of New Fork Uranium Corporation (Details) - Acquisition of New Fork Uranium Corporation (Parentheticals) (New Fork [Member]) | 0 Months Ended | 9 Months Ended |
Mar. 14, 2012 | Oct. 31, 2013 | |
New Fork [Member] | ' | ' |
Acquisition of New Fork Uranium Corporation (Details) - Acquisition of New Fork Uranium Corporation (Parentheticals) [Line Items] | ' | ' |
Acquired net assets percentage | ' | 100.00% |
Issuance of shares of stock (in Shares) | 50,000,000 | 50,000,000 |
Going_Concern_Details
Going Concern (Details) (USD $) | Oct. 31, 2013 |
Going Concern (Details) [Line Items] | ' |
Retained Earnings (Accumulated Deficit) | $21,287,674 |
Working Capital Deficit | 1,269,205 |
Note Payable Issued On August 31 2012 [Member] | ' |
Going Concern (Details) [Line Items] | ' |
Debt Instrument, Debt Default, Amount | 300,000 |
Note Payable Issued On January 7 2013 [Member] | ' |
Going Concern (Details) [Line Items] | ' |
Debt Instrument, Debt Default, Amount | $35,000 |
Notes_Payable_Details
Notes Payable (Details) (USD $) | 9 Months Ended | 153 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||
Oct. 31, 2013 | Oct. 31, 2012 | Oct. 31, 2013 | Jan. 31, 2013 | Aug. 30, 2013 | Oct. 31, 2013 | Aug. 31, 2012 | Oct. 31, 2013 | Jun. 19, 2012 | Oct. 31, 2013 | Jan. 31, 2009 | Aug. 30, 2013 | Jan. 31, 2012 | Oct. 27, 2011 | Aug. 31, 2011 | Jan. 31, 2010 | Jan. 31, 2005 | Aug. 31, 2012 | Aug. 30, 2013 | Jan. 07, 2013 | |
Warrant [Member] | Warrant [Member] | Warrant [Member] | Warrant [Member] | Warrant [Member] | Shareholders Loan [Member] | Shareholders Loan [Member] | Shareholders Loan [Member] | Shareholders Loan [Member] | Shareholders Loan [Member] | Shareholders Loan [Member] | Shareholders Loan [Member] | Shareholders Loan [Member] | Non Affiliated [Member] | Promissory Notes [Member] | Promissory Notes [Member] | |||||
Shareholders Loan [Member] | Shareholders Loan [Member] | Non Affiliated [Member] | ||||||||||||||||||
Notes Payable (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes Payable, Related Parties, Current | $311,713 | ' | $311,713 | $195,000 | ' | ' | ' | ' | ' | $160,000 | $80,000 | ' | $340,000 | $30,000 | $150,000 | $50,000 | $30,000 | ' | $150,000 | $35,000 |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | ' | ' | ' | ' | ' | ' | 15.00% | 30.00% | 15.00% |
Debt Instrument, Interest Rate, Increase (Decrease) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayments of Notes Payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | 180,000 | ' | ' | ' | ' | ' | ' | ' | ' | 33,287 | ' |
Interest Payable, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | 104,966 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Payable | 4,286 | ' | 4,286 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | ' | ' | ' | ' | ' | ' | 6,814,000 | 250,000 | 1,000,000 | 1,000,000 | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Share) | $0.08 | ' | $0.08 | $0.02 | ' | ' | $0.02 | $0.25 | ' | $0.02 | ' | $0.02 | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value (in Dollars) | ' | ' | ' | ' | 119,698 | 25,417 | 132,332 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Notes Payable, Current | 300,000 | ' | 300,000 | 300,000 | ' | ' | ' | ' | ' | 39,286 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Term | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '120 days | ' |
Debt Instrument, Issuance Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Aug-13 | ' |
Interest Expense, Debt | 33,286 | 132,332 | 33,286 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Maturity Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Dec-13 | ' |
Bridge Loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | ' |
Debt Default Short Term Debt Interest Rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45.00% | ' | ' |
Short-term Debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $446,550 | ' | ' |
Asset_Retirement_Obligations_a1
Asset Retirement Obligations and Restricted Deposits (Details) (USD $) | 9 Months Ended | 12 Months Ended | 153 Months Ended | |||
Oct. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2011 | Jan. 31, 2010 | Oct. 31, 2013 | Jan. 31, 2013 | |
Asset Retirement Obligations and Restricted Deposits (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Release Of Restricted Deposit During The Period | ' | ' | $304,400 | $575,600 | ' | ' |
Mineral Claim Fees | ' | ' | 127,000 | 340,000 | ' | ' |
Repayment of Amounts Due to Acquired Entity | ' | ' | ' | ' | 330,000 | ' |
Release Of Restricted Deposit Used For Operation | ' | ' | 47,000 | ' | ' | ' |
Deposits Assets, Current | 35,106 | ' | ' | ' | 35,106 | 35,000 |
Tournigan Energy [Member] | ' | ' | ' | ' | ' | ' |
Asset Retirement Obligations and Restricted Deposits (Details) [Line Items] | ' | ' | ' | ' | ' | ' |
Repayment of Amounts Due to Acquired Entity | ' | ' | $130,000 | $200,000 | ' | ' |
Stockholders_Equity_Deficit_De
Stockholders' Equity (Deficit) (Details) (USD $) | 9 Months Ended | 12 Months Ended | 153 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | ||||||||
Oct. 31, 2013 | Oct. 31, 2012 | Jan. 31, 2013 | Jan. 31, 2012 | Oct. 31, 2013 | Jan. 31, 2013 | Jan. 31, 2013 | Aug. 28, 2013 | Oct. 31, 2013 | Jan. 31, 2012 | Jan. 31, 2012 | Jan. 31, 2012 | Aug. 28, 2013 | Jan. 31, 2013 | Mar. 14, 2012 | |
Private Placement [Member] | Private Placement [Member] | One-Half Warrant [Member] | One-Half Warrant [Member] | Consulting Expense [Member] | Website Expense [Member] | Two Individuals [Member] | Accredited Member, Inc. [Member] | New Fork [Member] | New Fork [Member] | ||||||
One-Half Warrant [Member] | Accredited Member, Inc. [Member] | ||||||||||||||
Stockholders' Equity (Deficit) (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Issued for Services | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | 750,000 | 50,000 | 800,000 | 500,000 | ' | ' |
Shares Issued, Price Per Share (in Dollars per share) | ' | ' | $0.05 | ' | ' | ' | $0.04 | ' | ' | $0.04 | $0.04 | ' | ' | $0.04 | $0.00 |
Debt Instrument, Decrease, Forgiveness (in Dollars) | ' | ' | ' | $600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Conversion, Converted Instrument, Shares Issued | ' | ' | ' | 6,323,820 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Conversion, Original Debt, Amount (in Dollars) | ' | ' | ' | 410,860 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, New Issues (in Shares) | 8,500,000 | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | 50,000,000 | ' |
Investor Relations Service Terminated Date | ' | ' | 19-Mar-13 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Value, Issued for Services (in Dollars) | ' | ' | 100,000 | ' | -419,814 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Units Issued For Cash | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Units Issued For Cash Value (in Dollars) | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Issuance of Private Placement (in Dollars) | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Share) | $0.08 | ' | $0.02 | ' | $0.08 | $0.05 | ' | $0.25 | $0.25 | ' | ' | ' | ' | ' | ' |
Share Price (in Dollars per share) | $0.02 | ' | ' | ' | $0.02 | ' | ' | ' | ' | ' | ' | ' | $0.02 | ' | ' |
Class Of Warrant Or Right Term For Which Warrants Or Rights Exercisable | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | ' |
Proceeds from Issuance of Common Stock (in Dollars) | $170,000 | $50,000 | ' | ' | $1,026,486 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common_Stock_Options_and_Warra2
Common Stock Options and Warrants (Details) (USD $) | 3 Months Ended | 9 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | ||||||||
Oct. 31, 2013 | Oct. 31, 2013 | Jan. 31, 2013 | Aug. 31, 2012 | Jan. 07, 2013 | Jun. 19, 2012 | Oct. 31, 2013 | Oct. 31, 2013 | Jun. 19, 2012 | Mar. 29, 2012 | Mar. 25, 2013 | Mar. 25, 2013 | Mar. 25, 2013 | |
Warrant Purchase Agreement With An Unaffiliated Accredited Investor [Member] | Warrant For Purchase Of Common Stock Agreement With Related Party Investor [Member] | Common Stock [Member] | Common Stock [Member] | Warrant [Member] | Warrant [Member] | Officers And Directors [Member] | CFO Services [Member] | Accounting Services [Member] | Contractors [Member] | ||||
Common Stock Options and Warrants (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Option Expiration Period | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | '5 years | '5 years | '5 years | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares) | ' | 4,500,000 | ' | ' | 1,000,000 | ' | ' | ' | ' | 2,500,000 | 4,000,000 | 500,000 | 4,500,000 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in Dollars per share) | ' | $0.02 | ' | ' | ' | ' | ' | ' | ' | $0.06 | $0.02 | $0.02 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value (in Dollars) | ' | ' | ' | ' | ' | ' | ' | ' | ' | $99,924 | $79,498 | $9,937 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | ' | ' | ' | '5 years | '3 years | ' | ' | ' | ' | '5 years | '5 years | '5 years | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | ' | ' | ' | 194.81% | 210.18% | ' | ' | ' | ' | 305.30% | 243.90% | 243.90% | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | ' | ' | ' | 0.59% | 0.41% | ' | ' | ' | ' | 1.01% | 0.80% | 0.80% | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used | ' | ' | ' | ' | 'Black Scholes option pricing model | ' | ' | ' | ' | 'Black-Scholes option pricing model | 'Black-Scholes option pricing model | 'Black-Scholes model | ' |
Stock Issued During Period, Shares, New Issues (in Shares) | ' | 8,500,000 | ' | ' | ' | 2,000,000 | ' | ' | ' | ' | ' | ' | ' |
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares) | ' | ' | ' | 6,814,000 | ' | ' | ' | 250,000 | 1,000,000 | ' | ' | ' | ' |
Shares Issued, Price Per Share (in Dollars per share) | ' | ' | $0.05 | ' | ' | $0.05 | $0.02 | ' | ' | ' | ' | ' | ' |
Warrant Term | ' | ' | ' | '5 years | ' | ' | ' | '5 years | ' | ' | ' | ' | ' |
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per Share) | $0.08 | $0.08 | $0.02 | $0.02 | $0.02 | ' | ' | $0.25 | ' | ' | ' | ' | ' |
Warrants Grant Date Fair Value (in Dollars) | ' | ' | ' | 132,332 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price (in Dollars per share) | ' | ' | ' | $0.02 | $0.02 | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value (in Dollars) | ' | ' | ' | ' | 25,417 | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Other (in Shares) | ' | ' | ' | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Expected Term | ' | '4 years 6 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Expected Volatility Rate | ' | 228.30% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Risk Free Interest Rate | ' | 1.31% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value Assumptions, Exercise Price (in Dollars per share) | $0.02 | $0.02 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock or Unit Option Plan Expense (in Dollars) | $27,126 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common_Stock_Options_and_Warra3
Common Stock Options and Warrants (Details) - Stock options activity (USD $) | 9 Months Ended | |
Oct. 31, 2013 | Jan. 31, 2013 | |
Stock options activity [Abstract] | ' | ' |
Options Outstanding, Number of Shares | 14,750,000 | 10,250,000 |
Options Outstanding, Weighted Average Exercise Price (in Dollars per share) | $0.12 | $0.17 |
Exercisable at October 31, 2013 | 12,500,000 | ' |
Exercisable at October 31, 2013 (in Dollars per share) | $0.14 | ' |
Issued | 4,500,000 | ' |
Issued (in Dollars per share) | $0.02 | ' |
Exercised | ' | ' |
Exercised (in Dollars per share) | ' | ' |
Expired/Cancelled | ' | ' |
Expired/Cancelled (in Dollars per share) | ' | ' |
Common_Stock_Options_and_Warra4
Common Stock Options and Warrants (Details) - Information about stock options (USD $) | 9 Months Ended |
Oct. 31, 2013 | |
Range Of Price 0. 02 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Options outstanding, Weighted Average Number Outstanding | 4,500,000 |
Options Outstanding, Contractual Life | '4 years 146 days |
Options Outstanding, Weighted Average Exercise Price (in Dollars per share) | $0.02 |
Options Exercisable, Weighted Average Number Exercisable | 2,250,000 |
Options Exercissble, Weighted Average Exercise Price (in Dollars per share) | $0.02 |
Range Of Price 0. 05 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Options outstanding, Weighted Average Number Outstanding | 2,000,000 |
Options Outstanding, Contractual Life | '2 years 200 days |
Options Outstanding, Weighted Average Exercise Price (in Dollars per share) | $0.05 |
Options Exercisable, Weighted Average Number Exercisable | 2,000,000 |
Options Exercissble, Weighted Average Exercise Price (in Dollars per share) | $0.05 |
Range Of Price 0. 06 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Options outstanding, Weighted Average Number Outstanding | 5,650,000 |
Options Outstanding, Contractual Life | '2 years 65 days |
Options Outstanding, Weighted Average Exercise Price (in Dollars per share) | $0.06 |
Options Exercisable, Weighted Average Number Exercisable | 3,150,000 |
Options Exercissble, Weighted Average Exercise Price (in Dollars per share) | $0.06 |
Range Of Price 0. 08 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Options outstanding, Weighted Average Number Outstanding | 500,000 |
Options Outstanding, Contractual Life | '1 year 80 days |
Options Outstanding, Weighted Average Exercise Price (in Dollars per share) | $0.08 |
Options Exercisable, Weighted Average Number Exercisable | 500,000 |
Options Exercissble, Weighted Average Exercise Price (in Dollars per share) | $0.08 |
Range Of Price 0. 30 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Options outstanding, Weighted Average Number Outstanding | 100,000 |
Options Outstanding, Contractual Life | '1 year 80 days |
Options Outstanding, Weighted Average Exercise Price (in Dollars per share) | $0.30 |
Options Exercisable, Weighted Average Number Exercisable | 100,000 |
Options Exercissble, Weighted Average Exercise Price (in Dollars per share) | $0.30 |
Range Of Price 0. 60 [Member] | ' |
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items] | ' |
Options outstanding, Weighted Average Number Outstanding | 2,000,000 |
Options Outstanding, Contractual Life | '2 years 36 days |
Options Outstanding, Weighted Average Exercise Price (in Dollars per share) | $0.60 |
Options Exercisable, Weighted Average Number Exercisable | 2,000,000 |
Options Exercissble, Weighted Average Exercise Price (in Dollars per share) | $0.60 |
Common_Stock_Options_and_Warra5
Common Stock Options and Warrants (Details) - Warrant Activity (USD $) | 9 Months Ended | |
Oct. 31, 2013 | Jan. 31, 2013 | |
Warrant Activity [Abstract] | ' | ' |
Warrants Outstanding, Number of Shares | 18,064,000 | 8,814,000 |
Warrants Outstanding, Weighted Average Exercise Price (in Dollars per Share) | $0.08 | $0.02 |
Exercisable at October 31, 2013 | 18,064,000 | ' |
Exercisable at October 31, 2013 (in Dollars per share) | $0.08 | ' |
Issued | 9,250,000 | ' |
Issued (in Dollars per share) | $0.09 | ' |
Exercised | ' | ' |
Exercised (in Dollars per share) | ' | ' |
Expired/Cancelled | ' | ' |
Expired/Cancelled (in Dollars per share) | ' | ' |
Common_Stock_Options_and_Warra6
Common Stock Options and Warrants (Details) - Information about outstanding warrants (USD $) | Oct. 31, 2013 | Jan. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2013 |
Exercise Price 0.02 [Member] | Exercise Price 0. 05 [Member] | Exercise Price 0. 25 [Member] | |||
Common Stock Options and Warrants (Details) - Information about outstanding warrants [Line Items] | ' | ' | ' | ' | ' |
Warrants outstanding, Nember of Shares | 18,064,000 | 8,814,000 | 12,814,000 | 1,000,000 | 4,250,000 |
Warrants outstanding, Remaining Contractual Life | ' | ' | '3 years 116 days | '1 year 233 days | '2 years 211 days |
Warrants outstanding, Exercise Price Times Number of Shares (in Dollars) | ' | ' | $256,280 | $50,000 | $1,000,000 |
Warrants outstanding, Weighted Average Exercise Price (in Dollars per Share) | $0.08 | $0.02 | $0.02 | $0.05 | $0.25 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | |
Jan. 31, 2012 | Oct. 31, 2013 | |
Minex Exploration [Member] | ' | ' |
Related Party Transactions (Details) [Line Items] | ' | ' |
Cost of Services, Maintenance Costs | $86,358 | ' |
Due to Related Parties | ' | 51,359 |
CEO And Director [Member] | Directors Fees [Member] | ' | ' |
Related Party Transactions (Details) [Line Items] | ' | ' |
Due to Related Parties | ' | 14,500 |
CEO And Director [Member] | Accrued Benefits [Member] | ' | ' |
Related Party Transactions (Details) [Line Items] | ' | ' |
Due to Related Parties | ' | 2,192 |
CEO And Director [Member] | Expense Reimbursements [Member] | ' | ' |
Related Party Transactions (Details) [Line Items] | ' | ' |
Due to Related Parties | ' | 12,222 |
CEO And Director [Member] | ' | ' |
Related Party Transactions (Details) [Line Items] | ' | ' |
Due to Related Parties | ' | $28,914 |