| Schedule of Expenses and Mineral Property Carrying Values by Material Project |
The tables below summarize the Company's segments:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, 2026 |
|
|
|
Sleeper Gold Project and other Nevada based Projects |
|
|
Grassy Mountain Project and other Oregon based Projects |
|
|
Corporate |
|
|
Total |
|
Exploration and development |
|
$ |
435,214 |
|
|
$ |
3,132,602 |
|
|
$ |
— |
|
|
$ |
3,567,816 |
|
Reclamation |
|
|
171,909 |
|
|
|
— |
|
|
|
— |
|
|
|
171,909 |
|
Land holding costs |
|
|
586,339 |
|
|
|
178,268 |
|
|
|
— |
|
|
|
764,607 |
|
Accretion |
|
|
227,647 |
|
|
|
— |
|
|
|
— |
|
|
|
227,647 |
|
Corporate |
|
|
— |
|
|
|
— |
|
|
|
3,599,777 |
|
|
|
3,599,777 |
|
Net Loss Before Other Expense |
|
$ |
1,421,109 |
|
|
$ |
3,310,870 |
|
|
$ |
3,599,777 |
|
|
$ |
8,331,756 |
|
Other Expense (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
Other income |
|
|
(105,734 |
) |
|
|
— |
|
|
|
— |
|
|
|
(105,734 |
) |
Loss from change in fair value of derivative liability on royalty convertible debenture |
|
|
— |
|
|
|
— |
|
|
|
4,868,289 |
|
|
|
4,868,289 |
|
Loss from change in fair value of warrant liability |
|
|
— |
|
|
|
— |
|
|
|
833,905 |
|
|
|
833,905 |
|
Interest expense |
|
|
— |
|
|
|
— |
|
|
|
1,694,855 |
|
|
|
1,694,855 |
|
Interest income |
|
|
— |
|
|
|
— |
|
|
|
(67,701 |
) |
|
|
(67,701 |
) |
Net Loss before Income Taxes |
|
$ |
1,315,375 |
|
|
$ |
3,310,870 |
|
|
$ |
10,929,125 |
|
|
$ |
15,555,370 |
|
Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax expense |
|
|
— |
|
|
|
4,853 |
|
|
|
— |
|
|
|
4,853 |
|
Net Loss |
|
$ |
1,315,375 |
|
|
$ |
3,315,723 |
|
|
$ |
10,929,125 |
|
|
$ |
15,560,223 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30, 2025 |
|
|
|
Sleeper Gold Project and other Nevada based Projects |
|
|
Grassy Mountain Project and other Oregon based Projects |
|
|
Corporate |
|
|
Total |
|
Exploration and development |
|
$ |
264,174 |
|
|
$ |
2,339,283 |
|
|
$ |
— |
|
|
$ |
2,603,457 |
|
Reclamation |
|
|
200,950 |
|
|
|
— |
|
|
|
— |
|
|
|
200,950 |
|
Land holding costs |
|
|
569,748 |
|
|
|
173,371 |
|
|
|
— |
|
|
|
743,119 |
|
Accretion |
|
|
225,413 |
|
|
|
— |
|
|
|
— |
|
|
|
225,413 |
|
Corporate |
|
|
— |
|
|
|
— |
|
|
|
3,182,580 |
|
|
|
3,182,580 |
|
Net Loss Before Other Expense |
|
$ |
1,260,285 |
|
|
$ |
2,512,654 |
|
|
$ |
3,182,580 |
|
|
$ |
6,955,519 |
|
Other Expense (Income) |
|
|
|
|
|
|
|
|
|
|
|
|
Other income |
|
|
(6,217 |
) |
|
|
— |
|
|
|
— |
|
|
|
(6,217 |
) |
Loss from change in fair value of derivative liability on royalty convertible debenture |
|
|
— |
|
|
|
— |
|
|
|
435,824 |
|
|
|
435,824 |
|
Interest expense |
|
|
— |
|
|
|
— |
|
|
|
1,690,690 |
|
|
|
1,690,690 |
|
Interest income |
|
|
— |
|
|
|
— |
|
|
|
(44,642 |
) |
|
|
(44,642 |
) |
Net Loss before Income Taxes |
|
$ |
1,254,068 |
|
|
$ |
2,512,654 |
|
|
$ |
5,264,452 |
|
|
$ |
9,031,174 |
|
Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
Deferred tax expense |
|
|
— |
|
|
|
19,249 |
|
|
|
— |
|
|
|
19,249 |
|
Net Loss |
|
$ |
1,254,068 |
|
|
$ |
2,531,903 |
|
|
$ |
5,264,452 |
|
|
$ |
9,050,423 |
|
Non current assets of Company's segments:
|
|
|
|
|
|
|
|
|
` |
|
As At June 30, 2026 |
|
|
As At June 30, 2025 |
|
Sleeper Gold Project and other Nevada based projects mineral properties |
|
$ |
25,721,554 |
|
|
$ |
25,701,750 |
|
Grassy Mountain Project and other Oregon based projects mineral properties |
|
|
23,435,728 |
|
|
|
23,435,728 |
|
Corporate and other |
|
|
517,203 |
|
|
|
558,204 |
|
Total Non-Current Assets |
|
$ |
49,674,485 |
|
|
$ |
49,695,682 |
|
|