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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2023
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (40,766,308) $ (39,741,300) $ (23,506,650)
Adjustments to reconcile net loss to net cash used in operating activities:      
Stock-based compensation expense 1,622,566 2,931,288 3,993,660
Depreciation expense 52,620 136,501 55,740
Accretion expense 6,284 11,860 9,156
Impairment expense 0 7,111 115,025
Interest paid in common stock 166,641 438,877 0
Change in the fair value of contingent consideration (140,083) (606,500)  
Amortization of debt discount and issuance costs 398,418 190,358 34,675
Loss from equity investment in Peak Gold, LLC 6,315,595 21,120,000 3,706,000
Loss from derivative contracts 23,417,781 0 0
Changes in operating assets and liabilities:      
Decrease (increase) in prepaid expenses and other (699,003) 39,446 176,914
Increase in accounts payable and other accrued liabilities 193,200 793,788 1,271,899
Decrease in income tax receivable 0 0 198,126
Net cash used in operating activities (9,432,289) (14,678,571) (13,945,455)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Cash invested in Peak Gold, LLC (34,380,000) (21,120,000) (3,706,000)
Acquisition of property& equipment (7,329) 0 (43,989)
Cash paid for the acquisition of Lucky Shot Alaska, LLC, net of cash received 0 (719) (11,642,586)
Net cash used in investing activities (34,387,329) (21,120,719) (15,392,575)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Cash paid for shares withheld from employees for payroll tax withholding (48,308) (126,428) (779,622)
Cash paid for shares purchased from directors for estimated tax obligations associated with stock vesting 0 0 (1,538,560)
Cash proceeds from debt, net 20,000,000 10,000,000 20,000,000
Debt issuance costs (1,526,179) (3,973,271) (194,715)
Cash proceeds from warrant exercise 0 6,886,000 0
Cash proceeds from capital raises, net 29,254,302 11,564,082 (43,560)
Net cash provided by financing activities 47,679,815 24,350,383 17,443,543
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH 3,860,197 (11,448,907) (11,894,487)
CASH AND RESTRICTED CASH, BEGINNING OF PERIOD 11,877,194 23,326,101 35,220,588
CASH AND RESTRICTED CASH, END OF PERIOD 15,737,391 11,877,194 23,326,101
Supplemental disclosure of cash flow information      
Interest expense 1,218,499 1,324,474 0
Income taxes 0 0 218,546
Non-cash investing and financing activities:      
Asset retirement obligations 0 0 218,927
Contingent liability for acquisition of Alaska Gold Torrent, LLC 0 0 1,847,063
Establishment fee for convertible debt paid with stock issuance 0 0 600,000
Total non-cash investing and financing activities: $ 0 $ 0 $ 2,665,990