Property, Plant and Equipment

9 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

6. Property, Plant and Equipment

The table below presents the property, plant and equipment as of March 31, 2024 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		4,126,833		22,406,792		9,213,570		35,747,196
Balance, March 31, 2024	$	10,855,671	$	39,915,278	$	15,084,066	$	65,855,016
Accumulated Depreciation:
Balance, June 30, 2023	$	-	$	-	$	161,721	$	161,721
Additions						106,644		106,644
Balance, March 31, 2024	$	-	$	-	$	268,365	$	268,365
Carrying Amounts:
Balance, June 30, 2023	$	6,728,838	$	17,508,486	$	5,708,775	$	29,946,099
Balance, March 31, 2024	$	10,855,671	$	39,915,278	$	14,815,702	$	65,586,651

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 in deposits was reclassified to Property, Plant and Equipment. The Company has installed additional equipment on site to accelerate the first commercial scale implementation of its internally developed lithium-ion battery recycling technologies.