| SEGMENTED INFORMATION |
15.SEGMENTED INFORMATION As at and for the year ended June 30, 2025, the Company operates in four (as at and for the year June 30, 2024 – four) reportable operating segments, one being the corporate segment; the other three being the exploration and development segments based on mineral properties in Bolivia. These reportable segments are components of the Company where separate financial information is available that is evaluated regularly by the Company’s Chief Executive Officer, the chief operating decision maker (“CODM”). | (a) | Segment information for assets and liabilities are as follows: |
| | | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | Exploration and Development | | | | | | Corporate | | Silver Sand | | Carangas | | Silverstrike | | Total | Cash and cash equivalents | | $ | 16,341,420 | | $ | 288,480 | | $ | 210,194 | | $ | (135) | | $ | 16,839,959 | Equity investments | | | 54,020 | | | — | | | — | | | — | | | 54,020 | Property, plant and equipment | | | 153,455 | | | 291,060 | | | 50,326 | | | 637,956 | | | 1,132,797 | Mineral property interests | | | — | | | 90,580,869 | | | 21,353,851 | | | 4,999,645 | | | 116,934,365 | Other assets | | | 213,270 | | | 27,903 | | | 13,037 | | | — | | | 254,210 | Total Assets | | $ | 16,762,165 | | $ | 91,188,312 | | $ | 21,627,408 | | $ | 5,637,466 | | $ | 135,215,351 | | | | | | | | | | | | | | | | | Total Liabilities | | $ | (685,596) | | $ | (221,140) | | $ | (20,585) | | $ | (129) | | $ | (927,450) |
| | | | | | | | | | | | | | | | | | June 30, 2024 | | | | | | Exploration and Development | | | | | | Corporate | | Silver Sand | Carangas | | Silverstrike | | Total | Cash and cash equivalents | | $ | 21,703,189 | | $ | 97,281 | | $ | 73,013 | | $ | 76,728 | | $ | 21,950,211 | Short-term investments | | | 258,702 | | | — | | | — | | | — | | | 258,702 | Equity investments | | | 56,539 | | | — | | | — | | | — | | | 56,539 | Property, plant and equipment | | | 191,423 | | | 374,662 | | | 30,328 | | | 648,117 | | | 1,244,530 | Mineral property interests | | | — | | | 88,977,334 | | | 19,854,042 | | | 4,934,555 | | | 113,765,931 | Other assets | | | 346,294 | | | 30,451 | | | 13,009 | | | 410 | | | 390,164 | Total Assets | | $ | 22,556,147 | | $ | 89,479,728 | | $ | 19,970,392 | | $ | 5,659,810 | | $ | 137,666,077 | | | | | | | | | | | | | | | | | Total Liabilities | | $ | (955,500) | | $ | (171,108) | | $ | (81,574) | | $ | (5,956) | | $ | (1,214,138) |
| (b) | Segment information for operating results are as follows: |
| | | | | | | | | | | | | | | | | | Year ended June 30, 2025 | | | | | | Exploration and Development | | | | | | Corporate | | Silver Sand | | Carangas | | Silverstrike | | Total | Project evaluation and corporate development | | $ | (33,797) | | $ | (2,137) | | $ | — | | $ | — | | $ | (35,934) | Salaries and benefits | | | (1,708,009) | | | — | | | — | | | — | | | (1,708,009) | Share-based compensation | | | (1,611,845) | | | — | | | — | | | — | | | (1,611,845) | Other operating expenses | | | (2,159,652) | | | (395,883) | | | (51,983) | | | (12,653) | | | (2,620,171) | Total operating expense | | | (5,513,303) | | | (398,020) | | | (51,983) | | | (12,653) | | | (5,975,959) | | | | | | | | | | | | | | | | | Income from investments | | | 787,597 | | | — | | | — | | | — | | | 787,597 | Foreign exchange gain | | | 903,333 | | | 305,019 | | | 199,782 | | | 6 | | | 1,408,140 | Net (loss) income | | $ | (3,822,373) | | $ | (93,001) | | $ | 147,799 | | $ | (12,647) | | $ | (3,780,222) | | | | | | | | | | | | | | | | | Attributed to: | | | | | | | | | | | | | | | | Equity holders of the Company | | $ | (3,799,208) | | $ | (93,001) | | $ | 147,799 | | $ | (12,647) | | $ | (3,757,057) | Non-controlling interests | | | (23,165) | | | — | | | — | | | — | | | (23,165) | Net (loss) income | | $ | (3,822,373) | | $ | (93,001) | | $ | 147,799 | | $ | (12,647) | | $ | (3,780,222) |
| | | | | | | | | | | | | | | | | | Year ended June 30, 2024 | | | | | | Exploration and Development | | | | | | Corporate | | Silver Sand | | Carangas | | Silverstrike | | Total | Project evaluation and corporate development | | $ | (200,104) | | $ | — | | $ | — | | $ | — | | $ | (200,104) | Salaries and benefits | | | (2,036,651) | | | — | | | — | | | — | | | (2,036,651) | Share-based compensation | | | (2,255,847) | | | — | | | — | | | — | | | (2,255,847) | Other operating expenses | | | (2,196,622) | | | (203,611) | | | (33,581) | | | (15,849) | | | (2,449,663) | Total operating expense | | | (6,689,224) | | | (203,611) | | | (33,581) | | | (15,849) | | | (6,942,265) | | | | | | | | | | | | | | | | | Income from investments | | | 1,061,095 | | | — | | | — | | | — | | | 1,061,095 | (Loss) gain on disposal of plant and equipment | | | (488) | | | 51,906 | | | — | | | — | | | 51,418 | Provision on credit loss | | | (274,865) | | | — | | | — | | | — | | | (274,865) | Foreign exchange gain | | | 65,470 | | | 1,550 | | | 10,317 | | | 2 | | | 77,339 | Net loss | | $ | (5,838,012) | | $ | (150,155) | | $ | (23,264) | | $ | (15,847) | | $ | (6,027,278) | | | | | | | | | | | | | | | | | Attributed to: | | | | | | | | | | | | | | | | Equity holders of the Company | | $ | (5,832,440) | | $ | (150,155) | | $ | (23,264) | | $ | (15,847) | | $ | (6,021,706) | Non-controlling interests | | | (5,572) | | | — | | | — | | | — | | | (5,572) | Net loss | | $ | (5,838,012) | | $ | (150,155) | | $ | (23,264) | | $ | (15,847) | | $ | (6,027,278) |
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