| Schedule of Expenses and Mineral Property Carrying Values by Material Project |
The tables below summarize the Company's segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, 2025 |
|
|
|
Sleeper Gold Project and other Nevada based Projects |
|
|
Grassy Mountain Project and other Oregon based Projects |
|
|
Corporate |
|
|
Total |
|
Exploration and development |
|
$ |
264,174 |
|
|
$ |
2,339,283 |
|
|
$ |
— |
|
|
$ |
2,603,457 |
|
Reclamation |
|
|
200,950 |
|
|
|
— |
|
|
|
— |
|
|
|
200,950 |
|
Land holding costs |
|
|
569,748 |
|
|
|
173,371 |
|
|
|
— |
|
|
|
743,119 |
|
Accretion |
|
|
225,413 |
|
|
|
— |
|
|
|
— |
|
|
|
225,413 |
|
Corporate |
|
|
— |
|
|
|
— |
|
|
|
3,182,580 |
|
|
|
3,182,580 |
|
Net Loss Before Other Expense |
|
$ |
1,260,285 |
|
|
$ |
2,512,654 |
|
|
$ |
3,182,580 |
|
|
$ |
6,955,519 |
|
Other Expense (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
Other income |
|
|
(6,217 |
) |
|
|
— |
|
|
|
— |
|
|
|
(6,217 |
) |
Change in derivative liability on royalty convertible debenture |
|
|
— |
|
|
|
— |
|
|
|
435,824 |
|
|
|
435,824 |
|
Interest expense |
|
|
— |
|
|
|
— |
|
|
|
1,690,690 |
|
|
|
1,690,690 |
|
Interest income |
|
|
— |
|
|
|
— |
|
|
|
(44,642 |
) |
|
|
(44,642 |
) |
Net Loss before Income Taxes |
|
$ |
1,254,068 |
|
|
$ |
2,512,654 |
|
|
$ |
5,264,452 |
|
|
$ |
9,031,174 |
|
Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax expense |
|
|
— |
|
|
|
19,249 |
|
|
|
— |
|
|
|
19,249 |
|
Net Loss |
|
$ |
1,254,068 |
|
|
$ |
2,531,903 |
|
|
$ |
5,264,452 |
|
|
$ |
9,050,423 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, 2024 |
|
|
|
Sleeper Gold Project and other Nevada based Projects |
|
|
Grassy Mountain Project and other Oregon based Projects |
|
|
Corporate |
|
|
Total |
|
Exploration and development |
|
$ |
448,067 |
|
|
$ |
1,613,551 |
|
|
$ |
— |
|
|
$ |
2,061,618 |
|
Reclamation |
|
|
2,605,799 |
|
|
|
— |
|
|
|
— |
|
|
|
2,605,799 |
|
Land holding costs |
|
|
490,184 |
|
|
|
157,313 |
|
|
|
— |
|
|
|
647,497 |
|
Accretion |
|
|
442,234 |
|
|
|
— |
|
|
|
— |
|
|
|
442,234 |
|
Corporate |
|
|
— |
|
|
|
— |
|
|
|
2,739,340 |
|
|
|
2,739,340 |
|
Net Loss Before Other Expense |
|
$ |
3,986,284 |
|
|
$ |
1,770,864 |
|
|
$ |
2,739,340 |
|
|
$ |
8,496,488 |
|
Other Expense (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
Other income |
|
|
(2,511,660 |
) |
|
|
— |
|
|
|
— |
|
|
|
(2,511,660 |
) |
Change in derivative liability on royalty convertible debenture |
|
|
— |
|
|
|
— |
|
|
|
881,727 |
|
|
|
881,727 |
|
Interest expense |
|
|
— |
|
|
|
— |
|
|
|
1,156,483 |
|
|
|
1,156,483 |
|
Interest income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net Loss before Income Taxes |
|
$ |
1,474,624 |
|
|
$ |
1,770,864 |
|
|
$ |
4,777,550 |
|
|
$ |
8,023,038 |
|
Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax expense |
|
|
— |
|
|
|
33,407 |
|
|
|
— |
|
|
|
33,407 |
|
Net Loss |
|
$ |
1,474,624 |
|
|
$ |
1,804,271 |
|
|
$ |
4,777,550 |
|
|
$ |
8,056,445 |
|
Non current assets of Company's segments:
|
|
|
|
|
|
|
|
|
` |
|
As At June 30, 2025 |
|
|
As At June 30, 2024 |
|
Sleeper Gold Project and other Nevada based projects mineral properties |
|
$ |
25,701,750 |
|
|
$ |
25,733,685 |
|
Grassy Mountain Project and other Oregon based projects mineral properties |
|
|
23,435,728 |
|
|
|
23,335,728 |
|
Corporate and other |
|
|
558,204 |
|
|
|
549,397 |
|
Total Non-Current Assets |
|
$ |
49,695,682 |
|
|
$ |
49,618,810 |
|
|