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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,961,907) $ (4,707,815)
Adjustments to reconcile net loss to net cash used by operating activities:    
Stock-based compensation 44,321 646,422
Accretion of asset retirement obligation 5,912 5,632
Changes in assets and liabilities:    
Prepaid expenses and other current assets 5,129 (9,428)
Accounts payable 525,175 (59,162)
Accrued expenses (1,535) (15,691)
Accrued interest payable - related party 53,821 (138,347)
Accrued payroll, benefits, and taxes 3,950 14,635
Net cash used by operating activities (5,325,134) (4,263,754)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of mineral rights (209,770) (92,000)
Proceeds from lease of mineral rights 0 78,570
Refund of reclamation bonds 10,053 0
Deposit received on potential sale of mineral rights 50,000 0
Net cash used by investing activities (149,717) (13,430)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock and warrants, net 0 4,475,818
Proceeds from sale of common stock, net 4,439,587 0
Proceeds from exercise of warrants 146,499 637,001
Payment on senior unsecured note payable - related party 0 (29,009)
Net cash provided by financing activities 4,586,086 5,083,810
Net increase (decrease) in cash and cash equivalents (888,765) 806,626
CASH AT BEGINNING OF YEAR 3,327,352 2,520,726
CASH AT END OF YEAR 2,438,587 3,327,352
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 1,839 $ 222,463