v3.25.4
Segment Information
 3 Months Ended
Jan. 31, 2026
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 16 – SEGMENT INFORMATION

 

The Company operates in a single reportable segment: the exploration of mineral property interests. The Company has mineral property interests in Sierra Mojada, Mexico.

 

Geographic information is approximately as follows:

             
    For the Three Months Ended  
    January 31,  
    2026     2025  
Net loss                
Mexico $(11,000) $(68,000)
Canada  (109,000)  (33,000)
Kazakhstan  —   (1,000)
Net Loss $(120,000) $(102,000)

 

 

The following table details the allocation of assets included in the accompanying balance sheet at January 31, 2026:

                   
    Canada     Mexico     Total  
Cash and cash equivalents $968,000  $—  $968,000 
Restricted cash      80,000   80,000 
Other receivables  3,000   —   3,000 
Accounts receivables  411,000   —   411,000 
Prepaid expenses and deposits  26,000   —   26,000 
Due from related party  22,000   —   22,000 
Value-added tax receivable, net  —   78,000   78,000 
Office and mining equipment, net  —   1,000   1,000 
  $1,430,000  $159,000  $1,589,000 

 

The following table details the allocation of assets included in the accompanying balance sheet at October 31, 2025:

                   
    Canada     Mexico     Total  
Cash and cash equivalents $1,135,000  $—  $1,135,000 
Restricted cash      75,000   75,000 
Other receivables  6,000   —   6,000 
Accounts receivables  185,000   —   185,000 
Prepaid expenses and deposits  36,000   —   36,000 
Due from related party  20,000   —   20,000 
Value-added tax receivable, net  —   73,000   73,000 
Office and mining equipment, net  —   1,000   1,000 
  $1,382,000  $149,000  $1,531,000 

 

The Company has significant assets in Coahuila, Mexico. Although Mexico is generally considered economically stable, unanticipated events in Mexico, such as the blockade, can, and may in the future, disrupt the Company’s operations. The Mexican government does not require foreign entities to maintain cash reserves in Mexico.