v3.25.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Current Assets    
Cash and cash equivalents $ 1,351,001 $ 5,423,059
Prepaid expenses and deposits 1,356,349 1,319,743
Total Current Assets 2,707,350 6,742,802
Non-Current Assets    
Mineral properties 49,137,478 49,069,413
Reclamation bonds 546,176 546,176
Property and equipment 12,028 3,221
Total Non-Current Assets 49,695,682 49,618,810
Total Assets 52,403,032 56,361,612
Current Liabilities    
Accounts payable and accrued liabilities 539,971 563,806
Reclamation and environmental obligation, current portion 120,000 120,000
Total Current Liabilities 659,971 683,806
Non-Current Liabilities    
Debt liability of royalty convertible debenture, net 11,630,545 11,456,523
Derivative liability of royalty convertible debenture 4,077,929 3,642,105
Deferred tax liability 292,699 273,450
Reclamation and environmental obligation, non-current portion 2,173,765 2,150,288
Total Non-Current Liabilities 18,174,938 17,522,366
Total Liabilities 18,834,909 18,206,172
Commitments and Contingencies (Note 13)
Stockholders' Equity    
Common stock, par value $0.01, 200,000,000 authorized shares, 75,420,743 issued and outstanding at June 30, 2025 and 200,000,000 authorized shares, 65,044,305 issued and outstanding at June 30, 2024 754,208 650,444
Additional paid in capital 124,242,577 119,883,235
Accumulated deficit (91,428,662) (82,378,239)
Total Stockholders' Equity 33,568,123 38,155,440
Total Liabilities and Stockholders' Equity $ 52,403,032 $ 56,361,612