v3.26.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Jun. 30, 2025
Statement of Cash Flows [Abstract]          
Net Loss     $ (13,654,423) $ (6,221,934)  
Adjustments to reconcile net loss to net cash used in operations:          
Depreciation     2,709 2,081  
Stock based compensation $ 163,147 $ 402,036 343,675 524,692  
Amortization of debt issuance costs     130,516 130,516  
Capital issued for interest expense     1,141,666 1,141,668  
Accretion expense 56,912 45,619 170,736 179,794 $ 225,413
Settlement of asset retirement obligations     (90,000) (90,000)  
Change in reclamation bonds accounts     37,395 0  
Loss from change in fair value of derivative liability     4,343,593 175,929  
Loss from change in fair value of warrant liability 838,106 0 2,145,605 0  
Effect of changes in operating working capital items:          
Change in prepaid expenses     831,180 615,629  
Change in accounts payable     83,812 (22,384)  
Cash used in operating activities     (4,513,536) (3,564,009)  
Cash flows from investing activities:          
Purchase of mineral properties     (50,000) (150,000)  
Purchase of equipment     0 (9,098)  
Cash used in investing activities     (50,000) (159,098)  
Cash flows from financing activities          
Capital issued for financing, net of share issuance costs     13,914,027 439,564  
Proceeds from warrant private placement     2,000,000 0  
Cash provided by financing activities     15,914,027 439,564  
Change in cash during period     11,350,491 (3,283,543)  
Cash at beginning of period     1,351,001 5,423,059 5,423,059
Cash at end of period $ 12,701,492 $ 2,139,516 $ 12,701,492 $ 2,139,516 $ 1,351,001