Note 5. Non-Cash Transactions

During the year-ended June 30, 2025, the Company issued 3,845,273 shares of Common Stock for payment of interest on its outstanding debt with a fair value of $1,516,667. Also during the year-ended June 30, 2024, the Company recorded a non-cash decrease of $81,936 for its reclamation and environmental obligation and mineral properties.

During the year-ended June 30, 2024, the Company issued 3,142,803 shares of Common Stock for payment of interest on its outstanding debt with a fair value of $1,117,837. During the year-ended June 30, 2024, expenses incurred for reclamation costs were settled directly by an insurance company in the amount of $2,501,780. It also recorded a decrease of $84,295 for its reclamation and environmental obligation and mineral properties.