Property and Equipment

9 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Property and Equipment

4. Property and Equipment  

During the nine months ended March 31, 2021, the Company purchased land for $907,380 comprised of 12.44 acres and located at 395 Logan Lane in Fernley, Nevada. The Company will be constructing five separate building areas on this property to create a Pilot Plant campus that includes: Production Process Areas, Feedstock Sorting Area, Analytical Laboratory Spaces & Process Development Bays, a Storage Warehouse, and general Office Space.

In addition, the Company entered into a purchase agreement on January 25, 2019 at a cost of $204,000 to purchase certain real property situate in the County of Nye, State of Nevada, described as: That portion of the South Half (S1/2) of the Northeast Quarter (NE1/4) of Section 11, and the Northwest Quarter (NW1/4) and the West Half (W1/2) of the Northeast Quarter (NE1/4) of Section 12, Township 9 North, Range 57 East, M.D.B.&M. The Company has not yet completed the transaction. The 271,799 common shares included in Condensed Consolidated Statements of Cash Flows under “Common shares issued for property purchase” represent a deposit on this land purchase.

	Vehicle $		Land $		Total $
Cost:
Balance, June 30, 2020		61,916		–		61,916
Additions		–		1,111,380		1,111,380
Balance, March 31, 2021		61,916		1,111,380		1,173,296
Accumulated Depreciation:
Balance, June 30, 2020		3,110		–		3,110
Additions		7,741		–		7,741
Balance, March 31, 2021		10,851		–		10,851

Carrying Amounts:
Balance, June 30, 2020	58,806	–	58,806
Balance, March 31, 2021	51,065	1,111,380	1,162,445