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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (6,690,191) $ (6,206,814)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,485,448 2,255,937
Loss from equity investment in Peak Gold, LLC 3,300,000 3,210,000
Changes in operating assets and liabilities:    
Decrease in prepaid expenses and other (90,986) (41,907)
Decrease in accounts payable and accrued liabilities (234,613) (40,541)
Net cash used in operating activities (1,230,342) (823,325)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash invested in Peak Gold, LLC (3,300,000) (3,210,000)
Net cash used in investing activities (3,300,000) (3,210,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash paid for shares withheld from employees for payroll tax withholding (476,672)
Net cash used in financing activities (476,672)
NET DECREASE IN CASH AND CASH EQUIVALENTS (5,007,014) (4,033,325)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 8,600,658 13,810,805
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 3,593,644 $ 9,777,480