v3.26.3
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities      
Payments to suppliers and employees $ (29,308,138) $ (7,448,892) $ (2,596,997)
Interest received from bank accounts 1,880,176 56,001
Finance costs (9,786) (8,031)
Grants received 7,969 98,722 75,322
VAT refund received 500 49,895 7,027
Tax paid (658,472)
Merger expenses paid (2,241,109) (7,244,846) (11,949,234)
Net cash (used in) operating activities (29,670,388) (14,497,151) (15,122,354)
Cash flows from investing activities      
Payment for property, plant and equipment (9,788,334) (2,076)
Payments for exploration and evaluation (3,162,601) (1,040,142) (1,068,572)
Investment in equity-accounted joint venture (20,102,578) (5,268,316) (5,000,000)
Costs associated with Obeikan joint venture (272,807) (384,685)
Investment in 60 North Greenland ApS (5,423,067)
Cash at acquisition of Tanbreez 1,762,010
Cash at acquisition of Sizzle merger 9,835,289
Net cash (used in) provided by investing activities (36,987,377) (6,695,219) 3,766,717
Cash flows from financing activities      
Cash from the issue of shares 144,999,998 24,550,000 1,060,938
Cash from the exercise of warrants for shares 23,421,154 2,709,251 6,170,683
Payment for share issue costs (5,100,000) (1,643,000)
Transfer of cash from unrestricted to restricted (68,673) (15,000,000)
Cash received in respect of offtake prepayment 15,000,000
Funding from related party (54,251) 1,585,995 4,234,254
Proceeds from capital contributions 1,127,417
Repayment of lease liability (13,845) (12,567) (24,483)
Net cash provided by financing activities 163,184,383 27,189,679 12,568,809
Net increase in cash and cash equivalents 96,526,618 5,997,309 1,213,172
Cash and cash equivalents at beginning of year 7,297,328 1,259,242 137,451
Effects on exchange rate fluctuations on cash held (1,347,368) 40,777 (91,381)
Cash and cash equivalents at end of year $ 102,476,578 $ 7,297,328 $ 1,259,242