v3.25.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net loss $ (3,780,222) $ (6,027,278)
Add (deduct) items not affecting cash:    
Income from investments (787,597) (1,061,095)
Depreciation 196,539 213,291
Provision for credit loss   274,865
Gain on disposal of property, plant and equipment   (51,418)
Share-based compensation 1,611,845 2,215,351
Foreign exchange gain (1,408,140) (77,339)
Changes in non-cash operating working capital 165,280 (403,717)
Interest received 741,190 907,891
Net cash used in operating activities (3,261,105) (4,009,449)
Mineral property interest    
Capital expenditures (2,968,726) (4,740,723)
Property, plant and equipment    
Additions (85,120) (137,194)
Proceeds on disposals   58,776
Short-term investments    
Proceeds on disposals 307,750  
Equity investments    
Proceeds on disposals   312,340
Net cash used in investing activities (2,746,096) (4,506,801)
Financing activities    
Proceeds from issuance of common shares for bought deal, net of transaction and issuance costs   24,446,086
Proceeds from issuance of common shares for option exercised 6,346 135,684
Net cash provided by financing activities 6,346 24,581,770
Effect of exchange rate changes on cash 890,603 (411,621)
Increase (decrease) in cash (5,110,252) 15,653,899
Cash and cash equivalents, beginning of the year 21,950,211 6,296,312
Cash and cash equivalents, end of the year $ 16,839,959 $ 21,950,211