v3.26.1
Investment in Joint Venture (Tables)
6 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Schedule of financial information in Joint Venture

The Company’s interest in the Joint Venture (“Powder River Basin LLC” or the “Buyer”) is accounted for using the equity method in the consolidated financial statements. Summarized financial information of the joint venture are set out below:

 

   December 31, 2025   June 30, 2025 
    $    $ 
Current Assets   292,144    1,154,723 
Non-current assets   35,771,486    32,115,558 
Current liabilities   (10,339,806)   (10,657,035)
Non-current liabilities   (10,297,153)   (10,232,250)
Net Assets   15,426,671    12,380,996 

Schedule of profit and loss of Powder River Basin LLC in Joint Venture

The summarized statement of profit and loss of Powder River Basin LLC for the six months ended December 31, 2025 and 2024 is set out below:

   December 31, 2025   December 31, 2024 
    $    $ 
Administrative expenses   117,853     
Amortization expenses   40,483     
Interest expenses   7,384     
Loss for the period   (165,720)    
Company's share of loss for the period   (82,860)    

Schedule of investment in the Joint Venture

 

 

  

$

 
Balance, June 30, 2025   16,505,997 
Cash contributions to JV   1,502,819 
Share of loss in Powder River Basin LLC   (82,860)
Balance, December 31, 2025   17,925,956