v3.26.1
Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Jun. 30, 2025
Current Assets    
Cash and cash equivalents $ 12,701,492 $ 1,351,001
Prepaid expenses and deposits 525,169 1,356,349
Total Current Assets 13,226,661 2,707,350
Non-Current Assets    
Mineral properties 49,187,478 49,137,478
Reclamation bonds 508,781 546,176
Property and equipment 9,319 12,028
Total Non-Current Assets 49,705,578 49,695,682
Total Assets 62,932,239 52,403,032
Current Liabilities    
Accounts payable and accrued liabilities 623,783 539,971
Reclamation and environmental obligation, current portion 120,000 120,000
Warrant liability 4,145,605  
Total Current Liabilities 4,889,388 659,971
Non-Current Liabilities    
Debt liability of royalty convertible debenture, net 11,761,061 11,630,545
Derivative liability of royalty convertible debenture 8,421,522 4,077,929
Deferred tax liability 292,699 292,699
Reclamation and environmental obligation, non-current portion 2,254,501 2,173,765
Total Non-Current Liabilities 22,729,783 18,174,938
Total Liabilities 27,619,171 18,834,909
Commitments and Contingencies (Note 11)
Stockholders' Equity    
Common stock, par value $0.01, 200,000,000 authorized shares, 85,784,381 issued and outstanding at March 31, 2026 and 200,000,000 authorized shares, 75,420,743 issued and outstanding at June 30, 2025 857,845 754,208
Additional paid in capital 139,538,308 124,242,577
Accumulated deficit (105,083,085) (91,428,662)
Total Stockholders' Equity 35,313,068 33,568,123
Total Liabilities and Stockholders' Equity $ 62,932,239 $ 52,403,032