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Restricted Share Awards & Restricted Share Units (Tables)
9 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Shares and Restricted Share Units Non-vested

The table below is inclusive of both restricted share awards (“RSAs”) and RSUs for the period ended March 31, 2023: 

 

   Units  

Weighted-

Average

Grant Date

Fair Value

per Unit

 
         
Unvested awards at June 30, 2022   350,000   $0.82 
Granted   27,183,616    0.51 
Vested   (4,502,366)   0.54 
Forfeitures   (50,000)   0.50 
Unvested awards at March 31, 2023   22,981,250    0.50 
Schedule of Stock-Based Compensation Expense

The Company recognized stock-based compensation expense in the respective line items of the condensed consolidated statements of operations for the nine months ended:

 

   March 31, 2023   March 31, 2022 
General and administrative  $3,588,076    - 
Research and development   1,985,491    - 
Exploration   505,322    - 
Stock-based compensation expense  $6,078,889    -