v3.25.2
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Company's Deferred Tax Asset (Liability) The tax effects of the significant components within the Company’s deferred tax asset (liability) at June 30, 2025 and 2024 are as follows:

United States

 

2025

 

 

2024

 

Mineral properties

 

$

71,353

 

 

$

308,364

 

Asset retirement obligation

 

 

481,691

 

 

 

476,760

 

Fixed assets

 

 

(257

)

 

 

752

 

Derivatives

 

 

276,686

 

 

 

185,163

 

Stock options

 

 

626,052

 

 

 

628,667

 

Other

 

 

2,100

 

 

 

2,100

 

Net operating losses

 

 

17,565,333

 

 

 

15,534,237

 

 

 

$

19,022,958

 

 

$

17,136,043

 

Valuation allowance

 

 

(19,315,657

)

 

 

(17,409,493

)

Mineral properties

 

$

(292,699

)

 

$

(273,450

)

Net deferred tax asset

 

$

 

 

$

 

 

Schedule of Income Tax Recovery Differs from Amounts Computed by Applying Statutory Tax to Pre-tax Losses

The income tax recovery differs from the amounts computed by applying statutory tax to pre-tax losses as a result of the following:

 

 

2025

 

 

2024

 

Loss before taxes

 

$

(9,031,174

)

 

$

(8,023,038

)

US Statutory tax rate

 

 

21.00

%

 

 

21.00

%

Expected income recovery

 

 

(1,896,547

)

 

 

(1,684,838

)

Non-deductible items

 

 

482

 

 

 

1,099

 

Change in estimates

 

 

9,150

 

 

 

(67,181

)

Other items

 

 

 

 

 

 

Change in tax rates

 

 

 

 

 

 

Change in valuation allowance

 

 

1,906,164

 

 

 

1,784,327

 

Total income taxes

 

 

19,249

 

 

$

33,407

 

Current tax expense

 

 

 

 

 

 

Deferred tax expense

 

 

19,249

 

 

 

33,407

 

 

 

$

 

 

$