v3.26.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Jun. 30, 2025
Current Assets    
Cash and cash equivalents $ 9,931,206 $ 1,351,001
Prepaid expenses and deposits 1,216,601 1,356,349
Other assets 15,753  
Total Current Assets 11,163,560 2,707,350
Non-Current Assets    
Mineral properties 49,157,282 49,137,478
Reclamation bonds 508,781 546,176
Property and equipment 8,422 12,028
Total Non-Current Assets 49,674,485 49,695,682
Total Assets 60,838,045 52,403,032
Current Liabilities    
Accounts payable and accrued liabilities 667,112 539,971
Reclamation and environmental obligation, current portion 120,000 120,000
Warrant liability 2,833,905  
Total Current Liabilities 3,621,017 659,971
Non-Current Liabilities    
Debt liability of royalty convertible debenture, net 11,804,567 11,630,545
Derivative liability of royalty convertible debenture 8,946,218 4,077,929
Deferred tax liability 297,552 292,699
Reclamation and environmental obligation, non-current portion 2,251,216 2,173,765
Total Non-Current Liabilities 23,299,553 18,174,938
Total Liabilities 26,920,570 18,834,909
Commitments and Contingencies (Note 14)
Stockholders' Equity    
Common stock, par value $0.01, 200,000,000 authorized shares, 86,124,381 issued and outstanding at June 30, 2026 and 200,000,000 authorized shares, 75,420,743 issued and outstanding at June 30, 2025 861,245 754,208
Additional paid in capital 140,045,115 124,242,577
Accumulated deficit (106,988,885) (91,428,662)
Total Stockholders' Equity 33,917,475 33,568,123
Total Liabilities and Stockholders' Equity $ 60,838,045 $ 52,403,032