Property, Plant and Equipment

6 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

6. Property, Plant and Equipment

The table below presents the property and equipment as of December 31, 2023 and June 30, 2023:

	Land		Building		Equipment		Total
Cost:
Balance, June 30, 2023	$	6,728,838	$	17,508,486	$	5,870,496	$	30,107,820
Additions		4,126,883		22,327,246		7,630,943		34,085,023
Balance, December 31, 2023	$	10,855,671	$	39,835,732	$	13,501,439	$	64,192,843
Accumulated Depreciation:
Balance, June 30, 2023	$	-	$	-	$	161,721	$	161,721
Additions		-		-		81,409		81,409
Balance, December 31, 2023	$	-	$	-	$	243,130	$	243,130
Carrying Amounts:
Balance, June 30, 2023	$	6,728,838	$	17,508,486	$	5,708,775	$	29,946,099
Balance, December 31, 2023	$	10,855,671	$	39,835,732	$	13,258,309	$	63,949,713

On August 11, 2023, the Company finalized the purchase of its commercial-scale battery recycling facility located in the TRIC, as indicated in Note 5. At that time, the aggregate total of $27.6 million deposits was reclassified to Property, Plant and Equipment, along with acquisition costs. completion of the recycling facility valuation The Company has installed industrial utility equipment on site to accelerate the first commercial scale implementation of its internally developed lithium-ion battery recycling technologies.