Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Jul. 31, 2019 | Sep. 12, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | BLUE EAGLE LITHIUM INC. | |
Entity Central Index Key | 0001557668 | |
Document Type | 10-Q | |
Document Period End Date | Jul. 31, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --04-30 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business Flag | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 76,758,855 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2020 |
Condensed Interim Balance Sheet
Condensed Interim Balance Sheets - USD ($) | Jul. 31, 2019 | Apr. 30, 2019 |
Current Assets | ||
Cash | $ 151 | $ 469 |
Prepaids | 5,333 | 7,833 |
Total Current Assets | 5,484 | 8,302 |
Equipment, net (Note 4) | 2,150 | 2,150 |
Intangible Assets, net (Note 5) | 4,936 | 5,528 |
Mineral Properties (Note 9) | 957,097 | 627,000 |
TOTAL ASSETS | 969,667 | 642,980 |
Current Liabilities | ||
Accounts payable & Accrued expenses (Note 6) | 55,313 | 53,454 |
Due to related party (Note 11) | 61,824 | 57,091 |
Convertible loan payable (Note 7) | 50,000 | 50,000 |
Interest payable (Note 7) | 66,144 | 59,728 |
Loans payable (Note 7) | 281,050 | 176,050 |
TOTAL CURRENT LIABILITIES | 514,331 | 396,323 |
Commitments and Contingencies | ||
STOCKHOLDER'S DEFICIT | ||
Capital stock authorized: 200,000,000 common shares with a par value $0.0001 Issued and outstanding: 76,583,855 common shares (Note 8) (76,283,855 common shares at April 30, 2019) | 7,658 | 7,628 |
Additional paid-in capital | 1,320,067 | 1,026,097 |
Accumulated deficit | (872,389) | (787,068) |
TOTAL STOCKHOLDER'S DEFICIT | 455,336 | 246,657 |
TOTAL LIABILITIES & STOCKHOLDER'S DEFICIT | $ 969,667 | $ 642,980 |
Condensed Interim Balance She_2
Condensed Interim Balance Sheets (Parenthetical) - $ / shares | Jul. 31, 2019 | Apr. 30, 2019 | Jul. 31, 2018 | May 10, 2018 |
Statement of Financial Position [Abstract] | ||||
Common stock, shares authorized | 200,000,000 | 200,000,000 | 200,000,000 | |
Common stock, par value | $ 0.0001 | $ 0.0001 | $ 0.0001 | $ 0.001 |
Common stock, shares issued | 76,583,855 | 76,283,855 | 3,750,000 | |
Common stock, shares outstanding | 76,583,855 | 76,283,855 | 3,750,000 |
Condensed Interim Income Statem
Condensed Interim Income Statements (Unaudited) - USD ($) | 3 Months Ended | |
Jul. 31, 2019 | Jul. 31, 2018 | |
OPERATING EXPENSES | ||
Amortization | $ 592 | |
Consulting fees | 250 | |
Management fees | 33,600 | |
Rent | 518 | |
General & administrative expenses | 9,380 | 6,675 |
Marketing and promotional expenses | 4,010 | |
Mineral exploration expenses | 10,555 | |
Professional fees | 20,250 | 2,725 |
TOTAL EXPENSES | 78,905 | 9,650 |
OPERATING LOSS | (78,905) | (9,650) |
OTHER EXPENSES | ||
Interest on loans | 6,416 | 4,539 |
Total Other Expenses | 6,416 | 4,539 |
NET INCOME/(LOSS) | $ (85,321) | $ (14,189) |
Net loss per share, basic and diluted | $ (0.001) | $ (0.0001) |
Weighted average common shares outstanding basic and diluted | 76,504,507 | 75,000,000 |
Statements of Changes in Stockh
Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid in Capital [Member] | Accumulated Deficit [Member] | Total |
Balance at Apr. 30, 2018 | $ 7,500 | $ 14,500 | $ (217,292) | $ (195,292) |
Balance, shares at Apr. 30, 2018 | 75,000,000 | |||
Net income/loss | (14,189) | (14,189) | ||
Balance at Jul. 31, 2018 | $ 7,500 | 14,500 | (231,481) | (209,481) |
Balance, shares at Jul. 31, 2018 | 75,000,000 | |||
Balance at Apr. 30, 2019 | $ 7,628 | 1,026,097 | (787,068) | 246,657 |
Balance, shares at Apr. 30, 2019 | 76,283,855 | |||
Shares issued at $0.87 per share for assets | $ 20 | 173,980 | 174,000 | |
Shares issued at $0.87 per share for assets, shares | 200,000 | |||
Shares issued at $1.20 per share for assets | $ 10 | 119,990 | 120,000 | |
Shares issued at $1.20 per share for assets, shares | 100,000 | |||
Net income/loss | (85,321) | (85,321) | ||
Balance at Jul. 31, 2019 | $ 7,658 | $ 1,320,067 | $ (872,389) | $ 455,336 |
Balance, shares at Jul. 31, 2019 | 76,583,855 |
Statements of Changes in Stoc_2
Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) | Jul. 31, 2019$ / sharesshares |
Common stock, shares authorized | shares | 200,000,000 |
Common stock, par value | $ 0.0001 |
Common Stock [Member] | |
Shares issued price per share | 0.87 |
Common Stock One [Member] | |
Shares issued price per share | $ 1.20 |
Interim Statements of Cash Flow
Interim Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Jul. 31, 2019 | Jul. 31, 2018 | |
Cash Flows from Operating Activities | ||
Net income/(loss) | $ (85,321) | $ (14,189) |
Adjustments to reconcile net income/(loss) to net cash from operating activities: | ||
Amortization | 592 | |
Changes in current assets and liabilities: | ||
Prepaids | 2,500 | 2,500 |
Accounts payable & accrued interest | 13,008 | 2,165 |
Net cash used in operating activities | (69,221) | (9,524) |
Cash Flows from Investing Activities | ||
Purchase of Assets | (36,097) | |
Net cash provided by (used in) investing activities | (36,097) | |
Cash Flows from Financing Activities | ||
Proceeds from loans payable | 105,000 | |
Net cash provided by financing activities | 105,000 | |
Net increase (decrease) in cash | (318) | (9,524) |
Cash and cash equivalents, beginning of period | 469 | 9,785 |
Cash and cash equivalents, end of period | 151 | 261 |
Supplemental Disclosure | ||
Interest paid | 4,539 | |
Taxes paid | ||
Non-cash Financing and Investing Activities | ||
Common stock issued for assets | $ 294,000 |
Nature and Continuance of Opera
Nature and Continuance of Operations | 3 Months Ended |
Jul. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature and Continuance of Operations | Note 1 Nature and Continuance of Operations Blue Eagle Lithium Inc. (the “Company”) was incorporated in the State of Nevada on July 30, 2009. The Company is engaged in identifying, evaluating and developing early-stage lithium exploration opportunities and has not realized any revenues from its planned operations. The Company’s fiscal year ends on April 30. |
Basis of Presentation - Going C
Basis of Presentation - Going Concern Uncertainties | 3 Months Ended |
Jul. 31, 2019 | |
Basis Of Presentation - Going Concern Uncertainties | |
Basis of Presentation - Going Concern Uncertainties | Note 2 Basis of Presentation – Going Concern Uncertainties These financial statements have been prepared in conformity with generally accepted accounting principles in the United States, which contemplate continuation of the Company as a going concern. The Company is at its early stages of development and has limited operations and has sustained operating losses resulting in a deficit. The Company has accumulated a deficit of $872,389 since inception, has yet to achieve revenue producing or profitable operations, and further significant losses are anticipated in the development of its business. The Company’s ability to continue as a going concern is in substantial doubt and is dependent upon obtaining financing and/or generating revenue and achieving a sustainable profitable level of operations. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company will need to seek additional equity financing from time to time in order to fund its business plan, and it plans to raise funds through private or public equity financings or loans from directors of the Company in order to support existing operations. There is no assurance that such additional funds will be available for the Company on acceptable terms, if at all. |
Interim Reporting and Significa
Interim Reporting and Significant Accounting Policies | 3 Months Ended |
Jul. 31, 2019 | |
Accounting Policies [Abstract] | |
Interim Reporting and Significant Accounting Policies | Note 3 Interim Reporting and Significant Accounting Policies The interim financial statements are prepared under the accrual basis of accounting in accordance with accounting principles generally accepted (GAAP) in the United States of America for the interim information. Accordingly, the financial statements do not include all of the information and notes required by GAAP for the complete financial statements. While the information presented is unaudited, it includes all adjustments, which are, in the opinion of management, necessary to present fairly the financial position, result of operation and cash flows for the interim periods presented in accordance with accounting principles generally accepted in the United States of America. All adjustments are of a normal recurring nature. It is suggested that the interim financial statements be read in conjunction with the Company’s April 30, 2019 annual financial statements. Operating results for the three month period ended July 31, 2019 are not necessarily indicative of the results that can be expected for the year ended April 30, 2020. There have been no changes in the accounting policies from those disclosed in the notes to the audited financial statements for the year ended April 30, 2019. Recently issued accounting pronouncements The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued by the FASB (including its Emerging Issues Task Force), the AICPA or the SEC would, if adopted, have a material effect on the accompanying financial statements. |
Equipment
Equipment | 3 Months Ended |
Jul. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Equipment | Note 4 Equipment The computer equipment is depreciated over 3 years on a straight-line basis. Jul 31, 2019 Apr 30, 2019 Accumulated Accumulated Cost Amortization Net Cost Amortization Net $ 2,150 $ - $ 2,150 $ 2,150 $ - $ 2,150 $ 2,150 $ - $ 2,150 $ 2,150 $ - $ 2,150 |
Intangible Assets
Intangible Assets | 3 Months Ended |
Jul. 31, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets | Note 5 Intangible Assets The assets are amortized over 3 years on a straight-line basis. Jul 31 2019 Apr 30 2019 Website Accumulated Website Accumulated Cost Amortization Net Cost Amortization Net $ 7,107 $ (2,171 ) $ 4,936 $ 7,107 $ (1,579 ) $ 5,528 $ 7,107 $ (2,171 ) $ 4,936 $ 7,107 $ (1,579 ) $ 5,528 |
Accounts Payable & Accrued Expe
Accounts Payable & Accrued Expenses | 3 Months Ended |
Jul. 31, 2019 | |
Payables and Accruals [Abstract] | |
Accounts Payable & Accrued Expenses | Note 6 Accounts Payable & Accrued Expenses Accrued expenses as of July 31, 2019 and April 30, 2019 are summarized as follows: Jul 31, 2019 Apr 30, 2019 Accrued accounting fees 14,850 16,675 Accrued legal fees 25,259 26,950 Accrued office expenses 15,204 9,829 $ 55,313 $ 53,454 |
Notes Payable
Notes Payable | 3 Months Ended |
Jul. 31, 2019 | |
Debt Disclosure [Abstract] | |
Notes Payable | Note 7 Notes Payable The Company entered into 11 unsecured notes payable. They are all due within 30 days following written demand and bears a monthly interest rate of 1% (12% per annum). The Company partially repaid one note and accrued interest totaling $2,000 on March 1, 2018. The following were the principal loan amounts and accrued interests remaining as at July 31, 2019 and April 30, 2019: July 31, 2019 April 30, 2019 Principal Interest Principal Interest Amount Accrued Total Amount Accrued Total Dec 31 12 17,000 13,430 30,430 Dec 31 12 17,000 12,920 29,920 Aug 13 13 20,000 14,300 34,300 Aug 13 13 20,000 13,700 33,700 Dec 04 14 11,000 6,148 17,148 Dec 04 14 11,000 5,818 16,818 Jun 26 15 10,000 4,917 14,917 Jun 26 15 10,000 4,617 14,617 Jan 25 16 3,671 587 4,258 Jan 25 16 3,671 477 4,148 Mar 22 16 17,725 7,179 24,904 Mar 22 16 17,725 6,647 24,372 Jul 28 16 2,700 972 3,672 Jul 28 16 2,700 891 3,591 Oct 31 16 5,161 1,703 6,864 Oct 31 16 5,161 1,548 6,709 Jan 31 17 3,902 1,171 5,073 Jan 31 17 3,902 1,054 4,956 Apr 28 17 3,181 859 4,040 Apr 28 17 3,181 763 3,944 Jun 03 17 6,961 1,810 8,771 Jun 03 17 6,961 1,601 8,562 $ 101,300 $ 53,075 $ 154,375 $ 101,300 $ 50,036 $ 151,336 The Company entered into one unsecured note payable that is due November 1, 2019 with an interest rate of 12% per annum. The following was the principal amount and the accrued interest at July 31, 2019 and April 30, 2019: July 31, 2019 April 30, 2019 Amount Interest Total Amount Interest Total Nov 01 18 $ 12,500 $ 1,122 $ 13,622 Nov 01 18 $ 12,500 $ 744 $ 13,244 The Company entered into one unsecured note payable that is due on December 7, 2019 with an interest rate of 3% per annum. The following was the principal amount and the accrued interest at July 31, 2019 and April 30, 2019: July 31, 2019 April 30, 2019 Amount Interest Total Amount Interest Total Dec 12 18 $ 39,000 $ 744 $ 39,744 Dec 12 18 $ 39,000 $ 448 $ 39,448 The Company entered into one unsecured note payable that is due on April 11, 2020 with an interest rate of 12% per annum. The accrued interest commenced May 1, 2019. The following was the principal amount and the accrued interest at July 31, 2019 and April 30, 2019: July 31, 2019 April 30, 2019 Amount Interest Total Amount Interest Total Apr 11 19 $ 23,250 $ 704 $ 23,954 Apr 11 19 $ 23,250 - $ 23,250 The Company entered into one unsecured note payable that is due on May 02, 2020 with an interest rate of 3% per annum. The following was the principal amount and the accrued interest at July 31, 2019: July 31, 2019 Amount Interest Total May 02 19 $ 25,000 $ 183 $ 25,183 The Company entered into one unsecured note payable that is due on June 7, 2020 with an interest rate of 12% per annum. The following was the principal amount and the accrued interest at July 31, 2019: July 31, 2019 Amount Interest Total Jun 11 19 $ 20,000 $ 204 $ 20,204 The Company entered into one unsecured note payable that is due on June 17, 2020 with an interest rate of 3% per annum. The accrued interest will commence July 1, 2019. The following was the principal amount and the accrued interest at July 31, 2019: July 31, 2019 Amount Interest Total Jun 17 19 $ 30,000 $ 76 $ 30,076 The Company entered into one unsecured note payable that is due on July 06, 2020 with an interest rate of 3% per annum. The accrued interest will commence July 17, 2019. The following was the principal amount and the accrued interest at July 31, 2019: July 31, 2019 Amount Interest Total Jul 05 19 $ 30,000 $ 37 $ 30,037 The Company entered into one unsecured convertible note payable on December 4, 2017. The note is due within 30 days following written demand and bears a monthly interest rate of 1% (12% per annum). At any time prior to repayment, the holder may convert all or part of the principal loan into common stock of the Company at a conversion price of $1.00 of debt to 1 common share. The effect that conversion would have on earnings per share has not been disclosed due to the current anti-dilutive effect. The conversion rate of $1.00 creates a zero conversion benefit at current stock prices at that time. Therefore, no beneficial conversion feature has been recorded. July 31, 2019 April 30, 2019 Principal Interest Principal Interest Amount Accrued Total Amount Accrued Total Dec 04 17 $ 50,000 $ 10,000 $ 60,000 Dec 04 17 $ 50,000 $ 8,500 $ 58,500 Interest accrued on the notes bearing 3% interest was $1,040 as at July 31, 2019 (April 30, 2019 $448) Interest accrued on the notes bearing 12% interest was $55,104 as at July 31, 2019 (April 30, 2019 $50,780) Interest accrued on the convertible note bearing 12% interest was $10,000 as at July 31, 2019 (April 30, 2019 $8,500) |
Common Shares
Common Shares | 3 Months Ended |
Jul. 31, 2019 | |
Equity [Abstract] | |
Common Shares | Note 8 Common Shares On May 10, 2018, the Company effected a forward stock split on a 20 to 1 basis, thereby increasing the issued and outstanding share capital from 3,750,000 common shares to 75,000,000 common shares. The common stock par value was changed from $0.001 to $0.0001. These financial statements presented provide the retroactive effect to the changes. On August 15, 2018, the Company issued 600,000 common shares at $0.75 per share for the purchase of the mineral properties. The share price was issued at market. On August 17, 2018, the Company issued 83,333 common shares for cash at $0.60 per share to an investor. The share price was negotiated with a 20% discount when the market was at $0.75 per share. On August 17, 2018, the Company issued 30,000 common shares at $0.95 per share for consulting services. The share price was issued at market. On August 20, 2018, the Company issued 156,862 common shares for cash at $0.6375 per share to an investor. The share price was negotiated with a 15% discount when the market was at $0.75 per share. On August 20, 2018, the Company issued 125,000 common shares at $0.95 per share to its Chief Operating Officer. The share price was issued at market On August 20, 2018, the Company issued 50,000 common shares at $0.95 per share for board advisory services. The share price was issued at market. On November 1, 2018, the Company issued 38,660 common shares for cash at $1.034 per share to a shareholder. The share price was negotiated with a 15% discount from the previous 10 days closing average price of $1.2175 per share. On November 14, 2018, the Company issued 100,000 common shares at $1.03 per share for the purchase of the mineral properties. The share price was issued at market. On April 24, 2019, the Company issued 100,000 common shares at $0.74 per share for the purchase of the mineral properties. The share price was issued at market. On May 14, 2019, the Company issued 200,000 common shares at $0.87 per share for the purchase of 50 mineral properties. The share price was issued at market. On June 14, 2019, the Company issued 100,000 commons shares at $1.20 per share for the purchased of an additional 26 mineral properties. The share price was issued at market. At July 31, 2019, the Company had 76,583,855 common shares outstanding (76,283,855 common shares at April 30, 2019). There were no warrants or stock options outstanding as of July 31, 2019. |
Mineral Properties
Mineral Properties | 3 Months Ended |
Jul. 31, 2019 | |
Extractive Industries [Abstract] | |
Mineral Properties | Note 9 Mineral Properties On August 9, 2018, the Company entered into a property lease assignment agreement with a third party (the “Assignor”) to purchase 200 mineral claims totaling 4,000 acres located in the State of Nevada known as the Railroad Valley, in Nye County. The Company agreed to assume all the rights, titles and interest in the lease in exchange for issuing to the Assignor 500,000 common shares and to the lessor of the property (the “Lessor”) 300,000 common shares as follows (see Note 8): To the Assignor – 500,000 common shares upon completion of the agreement (issued) To the Lessor – 100,000 common shares upon completion of the agreement (issued); and – 100,000 common shares within 90 days upon completion of the agreement (issued); and – 100,000 common shares within 180 days upon completion of the agreement (issued) In addition, the Company further acknowledged and agreed that the Lessor shall reserve onto itself a royalty on revenues derived from the sale of lithium concentrate and other ores extracted from the property. The Lessor shall have the right to buy 1% of the royalty at any time for $2,000,000 from the Company. Such cash payment will be paid in 90 days intervals, upon completion of an inferred resource calculation that confirms the presence on the property of a minimum 500,000 tons of lithium carbonate equivalent grading no lower than a 40 parts per million lithium grade average. On April 22, 2019, the Company entered into an agreement to acquire the mineral rights from RangeFront Geological to purchase 100% interest in 50 mineral claims covering approximately 1,000 acres located in the State of Nevada in the Railroad Valley, in Nye County. The Company agreed to issue to RangeFront Geological 200,000 common shares within 15 business days from the date of the recording of the staked Claims with the County and BLM. The agreed shares were issued on May 14, 2019. As part of the purchase, the Company also agreed to pay the following (which were all paid during the period ended July 31, 2019: a) County fees of approximately $2,250, within 90 days of the Agreement b) BLM fees of approximately $10,600, within 90 days of the Agreement c) Transfer fees of approximately $1,000, upon payment of BLM fees d) Staking fees of $7,500, within 15 days of the Agreement In addition, the Company holds an exclusive option to acquire an additional 26 claims in the Railroad Valley comprising of 520 acres. This option is valid for 30 business days from the date of the closing of the Agreement by paying RangeFront Geological $7,500 (paid during the period ended July 31, 2019), and issuing a further 100,000 common shares within 15 business days from the exercise date of the option. The shares were issued on June 14, 2019. Moreover, the Company acknowledged and agreed that RangeFront Geological shall reserve onto itself, a royalty equal to 1.0% on revenues derived from the sale of lithium concentrate and other ores extracted from the properties. The Company also have the right to buy back 0.5% of the royalty from RangeFront at any time for $1,000,000. The Company also agreed to pay RangeFront $1,000,000 upon completion of an inferred resource calculation that confirms the presence of a minimum 700,000 tons of lithium carbonate equivalent grading no lower than a 40 ppm Li grade average on the properties. |
Commitments
Commitments | 3 Months Ended |
Jul. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments | Note 10 Commitments Effective August 15, 2018, the Company entered into a consulting agreement with John P Hart for a period of one year. Upon signing, the Company issued 30,000 common shares valued at $28,500. (see Note 8). John P Hart’s term has ended in August 2019 and the Company did not renew. Effective August 20, 2018, the Company entered into an annual consulting agreement with Peter R Murray, the Company’s Chief Operating Officer and director. The agreement requires the Company to pay Mr. Murray a monthly consulting fee of $3,000 and a stock remuneration of up to 500,000 common shares as follows (see Note 8): 125,000 common shares effective immediately (issued) 125,000 common shares in the event the agreement is first renewed on the first anniversary date (issued subsequent to July 31, 2019) 125,000 common shares in the event the agreement is renewed on the second anniversary date 125,000 common shares in the event the agreement is renewed on the third anniversary date On August 20, 2018, the Company entered into an annual consulting agreement with Robert FE Jones as a board advisor. The agreement requires the Company to pay Mr. Jones a daily rate of $350 and a stock remuneration of up to 200,000 common shares as follows (see Note 8): 50,000 common shares effective immediately (issued) 50,000 common shares in the event the agreement is first renewed on the first anniversary date (issued subsequent to July 31, 2019) 50,000 common shares in the event the agreement is renewed on the second anniversary date 50,000 common shares in the event the agreement is renewed on the third anniversary date |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Jul. 31, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 11 Related Party Transactions Amounts due to related parties were for services rendered to the Company by the director and officers of the Company are unsecured, non-interest bearing and have no specific terms of repayment. During the period ended July 31, 2019, the amount due to related parties were $61,824 as follows: Chief Executive Officer $ 51,638 for management fees and $186 for out-of-pocket expenses Chief Operating Officer $ 10,000 for management fees |
Subsequent Events
Subsequent Events | 3 Months Ended |
Jul. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 12 Subsequent Events Subsequent to the period ended July 31, 2019, the Company entered into further loan agreements of $100,000 with a shareholder. The Company issued a further 125,000 common shares to the COO for the renewal of his contract (see Note 10). The Company issued a further 50,000 common shares to an advisor for the renewal of his contract (see Note 10). The Company evaluated all events and transactions that occurred after July 31, 2019 through the date the Company issued these financial statements and found no other subsequent events that needed to be reported. |
Interim Reporting and Signifi_2
Interim Reporting and Significant Accounting Policies (Policies) | 3 Months Ended |
Jul. 31, 2019 | |
Accounting Policies [Abstract] | |
Recently Issued Accounting Pronouncements | Recently issued accounting pronouncements The Company adopts new pronouncements relating to generally accepted accounting principles applicable to the Company as they are issued, which may be in advance of their effective date. Management does not believe that any pronouncement not yet effective but recently issued by the FASB (including its Emerging Issues Task Force), the AICPA or the SEC would, if adopted, have a material effect on the accompanying financial statements. |
Equipment (Tables)
Equipment (Tables) | 3 Months Ended |
Jul. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Equipment | The computer equipment is depreciated over 3 years on a straight-line basis. Jul 31, 2019 Apr 30, 2019 Accumulated Accumulated Cost Amortization Net Cost Amortization Net $ 2,150 $ - $ 2,150 $ 2,150 $ - $ 2,150 $ 2,150 $ - $ 2,150 $ 2,150 $ - $ 2,150 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 3 Months Ended |
Jul. 31, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Intangible Assets | The assets are amortized over 3 years on a straight-line basis. Jul 31 2019 Apr 30 2019 Website Accumulated Website Accumulated Cost Amortization Net Cost Amortization Net $ 7,107 $ (2,171 ) $ 4,936 $ 7,107 $ (1,579 ) $ 5,528 $ 7,107 $ (2,171 ) $ 4,936 $ 7,107 $ (1,579 ) $ 5,528 |
Accounts Payable & Accrued Ex_2
Accounts Payable & Accrued Expenses (Tables) | 3 Months Ended |
Jul. 31, 2019 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable & Accrued Interest | Accrued expenses as of July 31, 2019 and April 30, 2019 are summarized as follows: Jul 31, 2019 Apr 30, 2019 Accrued accounting fees 14,850 16,675 Accrued legal fees 25,259 26,950 Accrued office expenses 15,204 9,829 $ 55,313 $ 53,454 |
Notes Payable (Tables)
Notes Payable (Tables) | 3 Months Ended |
Jul. 31, 2019 | |
Schedule of Note Payable | The following were the principal loan amounts and accrued interests remaining as at July 31, 2019 and April 30, 2019: July 31, 2019 April 30, 2019 Principal Interest Principal Interest Amount Accrued Total Amount Accrued Total Dec 31 12 17,000 13,430 30,430 Dec 31 12 17,000 12,920 29,920 Aug 13 13 20,000 14,300 34,300 Aug 13 13 20,000 13,700 33,700 Dec 04 14 11,000 6,148 17,148 Dec 04 14 11,000 5,818 16,818 Jun 26 15 10,000 4,917 14,917 Jun 26 15 10,000 4,617 14,617 Jan 25 16 3,671 587 4,258 Jan 25 16 3,671 477 4,148 Mar 22 16 17,725 7,179 24,904 Mar 22 16 17,725 6,647 24,372 Jul 28 16 2,700 972 3,672 Jul 28 16 2,700 891 3,591 Oct 31 16 5,161 1,703 6,864 Oct 31 16 5,161 1,548 6,709 Jan 31 17 3,902 1,171 5,073 Jan 31 17 3,902 1,054 4,956 Apr 28 17 3,181 859 4,040 Apr 28 17 3,181 763 3,944 Jun 03 17 6,961 1,810 8,771 Jun 03 17 6,961 1,601 8,562 $ 101,300 $ 53,075 $ 154,375 $ 101,300 $ 50,036 $ 151,336 |
One Unsecured Notes Payable [Member] | |
Schedule of Note Payable | The following was the principal amount and the accrued interest at July 31, 2019 and April 30, 2019: July 31, 2019 April 30, 2019 Amount Interest Total Amount Interest Total Nov 01 18 $ 12,500 $ 1,122 $ 13,622 Nov 01 18 $ 12,500 $ 744 $ 13,244 The following was the principal amount and the accrued interest at July 31, 2019 and April 30, 2019: July 31, 2019 April 30, 2019 Amount Interest Total Amount Interest Total Dec 12 18 $ 39,000 $ 744 $ 39,744 Dec 12 18 $ 39,000 $ 448 $ 39,448 The following was the principal amount and the accrued interest at July 31, 2019 and April 30, 2019: July 31, 2019 April 30, 2019 Amount Interest Total Amount Interest Total Apr 11 19 $ 23,250 $ 704 $ 23,954 Apr 11 19 $ 23,250 - $ 23,250 The following was the principal amount and the accrued interest at July 31, 2019: July 31, 2019 Amount Interest Total May 02 19 $ 25,000 $ 183 $ 25,183 The following was the principal amount and the accrued interest at July 31, 2019: July 31, 2019 Amount Interest Total Jun 11 19 $ 20,000 $ 204 $ 20,204 The following was the principal amount and the accrued interest at July 31, 2019: July 31, 2019 Amount Interest Total Jun 17 19 $ 30,000 $ 76 $ 30,076 The following was the principal amount and the accrued interest at July 31, 2019: July 31, 2019 Amount Interest Total Jul 05 19 $ 30,000 $ 37 $ 30,037 |
One Unsecured Convertible Notes Payable [Member] | |
Schedule of Note Payable | July 31, 2019 April 30, 2019 Principal Interest Principal Interest Amount Accrued Total Amount Accrued Total Dec 04 17 $ 50,000 $ 10,000 $ 60,000 Dec 04 17 $ 50,000 $ 8,500 $ 58,500 |
Basis of Presentation - Going_2
Basis of Presentation - Going Concern Uncertainties (Details Narrative) - USD ($) | Jul. 31, 2019 | Apr. 30, 2019 |
Basis Of Presentation - Going Concern Uncertainties | ||
Accumulated deficit | $ (872,389) | $ (787,068) |
Equipment - Schedule of Equipme
Equipment - Schedule of Equipment (Details) - USD ($) | Jul. 31, 2019 | Apr. 30, 2019 |
Property, Plant and Equipment [Abstract] | ||
Equipment Cost | $ 2,150 | $ 2,150 |
Equipment Accumulated Amortization | ||
Equipment Net | $ 2,150 | $ 2,150 |
Equipment - Schedule of Equip_2
Equipment - Schedule of Equipment (Details) (Parenthetical) | 3 Months Ended |
Jul. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Estimated useful life for equipment | 3 years |
Intangible Assets - Schedule of
Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) | Jul. 31, 2019 | Apr. 30, 2019 |
Goodwill and Intangible Assets Disclosure [Abstract] | ||
Website Cost | $ 7,107 | $ 7,107 |
Website Accumulated Amortization | (2,171) | (1,579) |
Website Net | $ 4,936 | $ 5,528 |
Intangible Assets - Schedule _2
Intangible Assets - Schedule of Intangible Assets (Details) (Parenthetical) | 3 Months Ended |
Jul. 31, 2019 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Estimated useful life of assets | 3 years |
Accounts Payable & Accrued Ex_3
Accounts Payable & Accrued Expenses - Schedule of Accounts Payable & Accrued Interest (Details) - USD ($) | Jul. 31, 2019 | Apr. 30, 2019 |
Payables and Accruals [Abstract] | ||
Accrued accounting fees | $ 14,850 | $ 16,675 |
Accrued legal fees | 25,259 | 26,950 |
Accrued office expenses | 15,204 | 9,829 |
Accounts payable & Accrued interest | $ 55,313 | $ 53,454 |
Notes Payable (Details Narrativ
Notes Payable (Details Narrative) - USD ($) | Jul. 05, 2019 | Jun. 17, 2019 | Jun. 11, 2019 | May 02, 2019 | Apr. 11, 2019 | Dec. 12, 2018 | Nov. 02, 2018 | Dec. 04, 2017 | Jul. 31, 2019 | Apr. 30, 2019 | Mar. 01, 2018 |
Accrued interest | $ 66,144 | $ 59,728 | |||||||||
Eleven Unsecured Convertible Notes Payable [Member] | |||||||||||
Note due period | 30 days | ||||||||||
Notes payable interest rate per month | 1.00% | ||||||||||
Notes payable interest rate per annum | 12.00% | ||||||||||
Accrued interest | $ 2,000 | ||||||||||
One Unsecured Notes Payable [Member] | |||||||||||
Notes payable interest rate per annum | 3.00% | 3.00% | 12.00% | 3.00% | 12.00% | 3.00% | 12.00% | ||||
Note due date | Jul. 6, 2020 | Jun. 17, 2020 | Jun. 7, 2020 | May 2, 2020 | Apr. 11, 2020 | Dec. 7, 2019 | Nov. 1, 2019 | ||||
One Unsecured Convertible Notes Payable [Member] | |||||||||||
Note due period | 30 days | ||||||||||
Notes payable interest rate per month | 1.00% | ||||||||||
Notes payable interest rate per annum | 12.00% | ||||||||||
Principal loan converted into common stock, conversion price per share | $ 1 | ||||||||||
Conversion price description | At any time prior to repayment, the holder may convert all or part of the principal loan into common stock of the Company at a conversion price of $1.00 of debt to 1 common share. | ||||||||||
Notes Payable One [Member] | |||||||||||
Notes payable interest rate per annum | 3.00% | ||||||||||
Accrued interest | $ 1,040 | 448 | |||||||||
Notes Payable Two [Member] | |||||||||||
Notes payable interest rate per annum | 12.00% | ||||||||||
Accrued interest | $ 55,104 | 50,780 | |||||||||
Convertible Notes Payable One [Member] | |||||||||||
Notes payable interest rate per annum | 12.00% | ||||||||||
Accrued interest | $ 10,000 | $ 8,500 |
Notes Payable - Schedule of Not
Notes Payable - Schedule of Note Payable (Details) - USD ($) | Jul. 31, 2019 | Apr. 30, 2019 |
Principal Amount | $ 101,300 | $ 101,300 |
Interest Accrued | 66,144 | 59,728 |
Total | 154,373 | 151,336 |
Note One [Member] | December 31, 2012 [Member] | ||
Principal Amount | 17,000 | 17,000 |
Interest Accrued | 13,430 | 12,920 |
Total | 30,430 | 29,920 |
Note Two [Member] | August 13, 2013 [Member] | ||
Principal Amount | 20,000 | 20,000 |
Interest Accrued | 14,300 | 13,700 |
Total | 34,300 | 33,700 |
Note Three [Member] | December 04, 2014 [Member] | ||
Principal Amount | 11,000 | 11,000 |
Interest Accrued | 6,148 | 5,818 |
Total | 17,148 | 16,818 |
Note Four [Member] | June 26, 2015 [Member] | ||
Principal Amount | 10,000 | 10,000 |
Interest Accrued | 4,917 | 4,617 |
Total | 14,917 | 14,617 |
Note Five [Member] | January 25, 2016 [Member] | ||
Principal Amount | 3,671 | 3,671 |
Interest Accrued | 587 | 477 |
Total | 4,258 | 4,148 |
Note Six [Member] | March 22, 2016 [Member] | ||
Principal Amount | 17,725 | 17,725 |
Interest Accrued | 7,179 | 6,647 |
Total | 24,904 | 24,372 |
Note Seven [Member] | July 28, 2016 [Member] | ||
Principal Amount | 2,700 | 2,700 |
Interest Accrued | 972 | 891 |
Total | 3,672 | 3,591 |
Note Eight [Member] | Oct 31, 2016 [Member] | ||
Principal Amount | 5,161 | 5,161 |
Interest Accrued | 1,703 | 1,548 |
Total | 6,864 | 6,709 |
Note Nine [Member] | January 31, 2017 [Member] | ||
Principal Amount | 3,902 | 3,902 |
Interest Accrued | 1,171 | 1,054 |
Total | 5,073 | 4,956 |
Note Ten [Member] | April 28, 2017 [Member] | ||
Principal Amount | 3,181 | 3,181 |
Interest Accrued | 859 | 763 |
Total | 4,040 | 3,944 |
Note Eleven [Member] | June 03, 2017 [Member] | ||
Principal Amount | 6,961 | 6,961 |
Interest Accrued | 1,810 | 1,601 |
Total | 8,771 | 8,562 |
One Unsecured Notes Payable [Member] | November 01, 2018 [Member] | ||
Principal Amount | 12,500 | 12,500 |
Interest Accrued | 1,122 | 744 |
Total | 13,622 | 13,244 |
One Unsecured Notes Payable [Member] | December 12, 2018 [Member] | ||
Principal Amount | 39,000 | 39,000 |
Interest Accrued | 744 | 448 |
Total | 39,744 | 39,448 |
One Unsecured Notes Payable [Member] | April 11, 2019 [Member] | ||
Principal Amount | 23,250 | 23,250 |
Interest Accrued | 704 | |
Total | 23,954 | 23,250 |
One Unsecured Notes Payable [Member] | May 02, 2019 [Member] | ||
Principal Amount | 25,000 | |
Interest Accrued | 183 | |
Total | 25,183 | |
One Unsecured Notes Payable [Member] | June 11, 2019 [Member] | ||
Principal Amount | 20,000 | |
Interest Accrued | 204 | |
Total | 20,204 | |
One Unsecured Notes Payable [Member] | June 17, 2019 [Member] | ||
Principal Amount | 30,000 | |
Interest Accrued | 76 | |
Total | 30,076 | |
One Unsecured Notes Payable [Member] | July 05, 2019 [Member] | ||
Principal Amount | 30,000 | |
Interest Accrued | 37 | |
Total | 30,037 | |
One Unsecured Convertible Notes Payable [Member] | December 04, 2017 [Member] | ||
Principal Amount | 50,000 | 50,000 |
Interest Accrued | 10,000 | 8,500 |
Total | $ 60,000 | $ 58,500 |
Common Shares (Details Narrativ
Common Shares (Details Narrative) | Jun. 14, 2019USD ($)Integer$ / shares | May 14, 2019USD ($)Integer$ / shares | Apr. 24, 2019USD ($)$ / shares | Nov. 14, 2018USD ($)$ / shares | Nov. 02, 2018$ / sharesshares | Aug. 20, 2018$ / sharesshares | Aug. 17, 2018$ / sharesshares | Aug. 15, 2018$ / sharesshares | May 10, 2018$ / sharesshares | Jul. 31, 2019USD ($)$ / sharesshares | Apr. 30, 2019USD ($)$ / sharesshares | Jul. 31, 2018$ / shares |
Common stock, shares issued | shares | 3,750,000 | 76,583,855 | 76,283,855 | |||||||||
Common stock, shares outstanding | shares | 3,750,000 | 76,583,855 | 76,283,855 | |||||||||
Common stock, par value | $ / shares | $ 0.001 | $ 0.0001 | $ 0.0001 | $ 0.0001 | ||||||||
Number of common stock shares issued for purchase of assets | $ | $ 174,000 | |||||||||||
Warrants outstanding | $ | ||||||||||||
Stock options outstanding | shares | ||||||||||||
Consulting Services [Member] | ||||||||||||
Common shares issued, price per share | $ / shares | $ 0.95 | |||||||||||
Number of common stock shares issued for services | shares | 30,000 | |||||||||||
Advisory Services [Member] | ||||||||||||
Common shares issued, price per share | $ / shares | $ 0.95 | |||||||||||
Number of common stock shares issued for services | shares | 50,000 | |||||||||||
Investor [Member] | ||||||||||||
Number of common stock shares issued during the period | shares | 156,862 | 83,333 | ||||||||||
Common shares issued, price per share | $ / shares | $ 0.6375 | $ 0.60 | ||||||||||
Common stock price negotiated, description | The share price was negotiated with a 15% discount when the market was at $0.75 per share. | The share price was negotiated with a 20% discount when the market was at $0.75 per share. | ||||||||||
Market price per shares | $ / shares | $ 0.75 | $ 0.75 | ||||||||||
Chief Operating Officer [Member] | ||||||||||||
Number of common stock shares issued during the period | shares | 125,000 | |||||||||||
Common shares issued, price per share | $ / shares | $ 0.95 | |||||||||||
Shareholder [Member] | ||||||||||||
Number of common stock shares issued during the period | shares | 38,660 | |||||||||||
Common shares issued, price per share | $ / shares | $ 1.034 | |||||||||||
Common stock price negotiated, description | The share price was negotiated with a 15% discount from the previous 10 days closing average price of $1.2175 per share. | |||||||||||
Market price per shares | $ / shares | $ 1.2175 | |||||||||||
Purchase of Mineral Properties [Member] | ||||||||||||
Number of common stock shares issued during the period | shares | 600,000 | |||||||||||
Common shares issued, price per share | $ / shares | $ 1.20 | $ 0.87 | $ 0.74 | $ 1.03 | $ 0.75 | |||||||
Number of common stock shares issued for purchase of assets | $ | $ 100,000 | $ 200,000 | $ 100,000 | $ 100,000 | ||||||||
Number of mineral properties | Integer | 26 | 50 | ||||||||||
Forward Stock Split [Member] | ||||||||||||
Stockholders share split description | The Company effected a forward stock split on a 20 to 1 basis, thereby increasing the issued and outstanding share capital from 3,750,000 common shares to 75,000,000 common shares. |
Mineral Properties (Details Nar
Mineral Properties (Details Narrative) | Jun. 14, 2019Integershares | May 14, 2019Integershares | Apr. 22, 2019USD ($)aMineralClaimsTons | Aug. 09, 2018USD ($)aMineralClaimsTonsshares | Jul. 31, 2019shares | Apr. 30, 2019shares | May 10, 2018shares |
Number of shares issued | 76,583,855 | 76,283,855 | 3,750,000 | ||||
Railroad Valley [Member] | |||||||
Number of claims purchased | MineralClaims | 26 | ||||||
Area of land | a | 520 | ||||||
Number of shares issued | 100,000 | ||||||
Number of business days, minimum | Integer | 15 | ||||||
Payment to claim additional mineral rights | $ | $ 7,500 | ||||||
County Fees [Member] | |||||||
Payment of fees | $ | 2,250 | ||||||
BLM Fees [Member] | |||||||
Payment of fees | $ | 10,600 | ||||||
Transfer Fees [Member] | |||||||
Payment of fees | $ | 1,000 | ||||||
Staking Fees [Member] | |||||||
Payment of fees | $ | $ 7,500 | ||||||
Property Lease Assignment Agreement [Member] | Assignor [Member] | |||||||
Number of claims purchased | MineralClaims | 200 | ||||||
Area of land | a | 4,000 | ||||||
Number of shares issued | 500,000 | ||||||
Property Lease Assignment Agreement [Member] | Assignor [Member] | Upon Completion of Agreement [Member] | |||||||
Number of shares issued | 500,000 | ||||||
Property Lease Assignment Agreement [Member] | Lessor [Member] | |||||||
Number of shares issued | 300,000 | ||||||
Royalty percentage | 1.00% | ||||||
Royalty amount | $ | $ 2,000,000 | ||||||
Property Lease Assignment Agreement [Member] | Lessor [Member] | Minimum [Member] | |||||||
Lithium carbonate tons | Tons | 500,000 | ||||||
Property Lease Assignment Agreement [Member] | Lessor [Member] | Upon Completion of Agreement [Member] | |||||||
Number of shares issued | 100,000 | ||||||
Property Lease Assignment Agreement [Member] | Lessor [Member] | 90 Days Upon Completion of Agreement [Member] | |||||||
Number of shares issued | 100,000 | ||||||
Property Lease Assignment Agreement [Member] | Lessor [Member] | 180 Days Upon Completion of Agreement [Member] | |||||||
Number of shares issued | 100,000 | ||||||
Agreement to Acquire Mineral Rights [Member] | RangeFront Geological [Member] | |||||||
Number of claims purchased | MineralClaims | 50 | ||||||
Area of land | a | 1,000 | ||||||
Number of shares issued | 200,000 | ||||||
Number of business days, minimum | Integer | 15 | ||||||
Royalty percentage | 100.00% | ||||||
Percentage of mineral rights | 1.00% | ||||||
Royalty percentage on revenue | 0.50% | ||||||
Description on royalties | The Company also have the right to buy back 0.5% of the royalty from RangeFront at any time for $1,000,000. | ||||||
Payments for buy back of royalties | $ | $ 1,000,000 | ||||||
Agreement to Acquire Mineral Rights [Member] | Minimum [Member] | RangeFront Geological [Member] | |||||||
Lithium carbonate tons | Tons | 700,000 |
Commitments (Details Narrative)
Commitments (Details Narrative) - USD ($) | Aug. 20, 2018 | Jul. 31, 2019 | Jul. 31, 2018 | Apr. 30, 2019 | Aug. 15, 2018 | May 10, 2018 |
Number of shares issued | 76,583,855 | 76,283,855 | 3,750,000 | |||
Common stock issued, value | $ 7,658 | $ 7,628 | ||||
Monthly consulting fee | $ 20,250 | $ 2,725 | ||||
Consulting Agreement [Member] | John P Hart [Member] | ||||||
Number of shares issued | 30,000 | |||||
Common stock issued, value | $ 28,500 | |||||
Annual Consulting Agreement [Member] | Peter R Murray [Member] | ||||||
Monthly consulting fee | $ 3,000 | |||||
Annual Consulting Agreement [Member] | Peter R Murray [Member] | First Anniversary Date [Member] | ||||||
Stock remuneration, shares | 125,000 | |||||
Annual Consulting Agreement [Member] | Peter R Murray [Member] | Second Anniversary Date [Member] | ||||||
Stock remuneration, shares | 125,000 | |||||
Annual Consulting Agreement [Member] | Peter R Murray [Member] | Third Anniversary Date [Member] | ||||||
Stock remuneration, shares | 125,000 | |||||
Annual Consulting Agreement [Member] | Peter R Murray [Member] | Tranche One [Member] | ||||||
Stock remuneration, shares | 125,000 | |||||
Annual Consulting Agreement [Member] | Peter R Murray [Member] | Maximum [Member] | ||||||
Stock remuneration, shares | 500,000 | |||||
Annual Consulting Agreement [Member] | Robert FE Jones [Member] | ||||||
Monthly consulting fee | $ 350 | |||||
Annual Consulting Agreement [Member] | Robert FE Jones [Member] | First Anniversary Date [Member] | Unissued Common Stock [Member] | ||||||
Stock remuneration, shares | 50,000 | |||||
Annual Consulting Agreement [Member] | Robert FE Jones [Member] | Second Anniversary Date [Member] | ||||||
Stock remuneration, shares | 50,000 | |||||
Annual Consulting Agreement [Member] | Robert FE Jones [Member] | Third Anniversary Date [Member] | ||||||
Stock remuneration, shares | 50,000 | |||||
Annual Consulting Agreement [Member] | Robert FE Jones [Member] | Tranche One [Member] | ||||||
Stock remuneration, shares | 50,000 | |||||
Annual Consulting Agreement [Member] | Robert FE Jones [Member] | Maximum [Member] | ||||||
Stock remuneration, shares | 200,000 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | |
Jul. 31, 2019 | Jul. 31, 2018 | |
Due to related party | $ 61,824 | |
Management fees | 33,600 | |
Chief Executive Officer [Member] | ||
Management fees | 51,638 | |
Out-of-pocket expenses | 186 | |
Chief Operating Officer [Member] | ||
Management fees | $ 10,000 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - Subsequent Event [Member] | 1 Months Ended |
Sep. 11, 2019USD ($)shares | |
Shareholder [Member] | |
Loan amount | $ | $ 100,000 |
Chief Operating Officer [Member] | |
Number of common shares issued | 125,000 |
Advisor [Member] | |
Number of common shares issued | 50,000 |