Segment and Other Information

12 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Segment and Other Information

18. Segment and Other Information

The Company has determined that its Chief Executive Officer is its chief operating decision maker (“CODM”). The Company operates as a single business operating segment, which includes all activities related to the exploration of new primary resources of battery metals, in the development and commercialization of new technologies for the extraction of these battery metals from primary resources, and in the commercialization of an internally developed integrated process for the recycling of lithium-ion batteries. Accordingly, the CODM uses consolidated net income to assess financial performance and inform decisions on how to allocate resources. The financial information provided to the CODM does not contain significant disaggregated expenses outside of what is already disclosed in the statements of operations.

Revenue from three major customers during the years ended June 30, 2025 and 2024 accounted for 74% of the fiscal year ended June 30, 2025 revenue.

Substantially all of the Company’s long-lived assets and operating lease right-of-use assets were located in the United States as of June 30, 2025 and 2024.