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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net loss attributable to common stockholders $ (52,501,824) $ (22,191,140)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,678,730 96,681
Amortization and accretion of financing costs 4,194,971
Amortization of right-of-use asset 101,051 101,049
Impairment charge on held-for-sale assets 10,254,037
Stock-based compensation 14,566,318 9,757,395
Shares issued for professional services (133) 43,895
Change in fair value of derivative liability 338,886
Changes in operating assets and liabilities:    
Accounts receivable (228,499)
Inventory (29,116) (125,204)
Grant receivables 128,935 (320,457)
Prepaid expenses and deposits (551,420) (887,403)
Accounts payable and accrued liabilities 5,311,833 157,204
Net cash used in operating activities (16,736,231) (13,367,980)
Investing Activities    
Other acquisition deposits (279,878) (21,881,587)
Acquisition of property and equipment (11,752,994) (6,761,851)
Purchase of mining properties (169,654) (8,073,323)
Purchase of water rights/intangible assets (766,693)  
Net cash used in investing activities (12,969,219) (36,716,761)
Financing Activities    
Proceeds from exercise of share purchase warrants 37,497
Principal paid on notes payable (24,000,000)
Proceeds from notes payable, net of debt discount 20,289,104 6,000,000
Proceeds from issuance of common shares, net of issuance costs 13,857,351
Proceeds from share purchase agreements 38,060,486 3,558,373
Net cash provided by financing activities 34,387,087 23,415,724
Increase (decrease) in cash 4,681,637 (26,669,017)
Cash – beginning of period 2,320,149 28,989,166
Cash – end of period $ 7,001,786 $ 2,320,149