XML 46 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities:    
Net loss $ (36,591,022) $ (29,064,973)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 3,750,923 121,075
Accretion of financing costs 2,790,566 3,014,414
Amortization of right-of-use asset 82,952 75,788
Write-down of inventory to net realizable value 2,869,221
Unrealized loss on investment 24,586
Stock-based compensation 12,824,605 12,322,198
Shares issued for professional services (1,047)
Change in fair value of derivative liability (705,184) 419,739
Change in fair value of conversion option (138,060)
Change in fair value of liability-classified equity-linked contracts (737,040)
Loss on extinguishment of debt 675,648
Loss on private placement 567,161
Changes in operating assets and liabilities:    
Accounts receivable (818,628)
Inventory (2,967,846) (497,341)
Grants receivable 26,106 (207,266)
Prepaid expenses and deposits 3,449 799,596
Other current assets (316,351)
Accounts payable and accrued liabilities (4,643,041) 969,487
Right-of-use lease liabilities (89,161) (90,427)
Net Cash Used in Operating Activities (23,099,351) (12,430,522)
Cash Flows From Investing Activities:    
Other acquisition deposits (279,878)
Acquisition of property, plant and equipment, and water rights (2,000,713) (11,586,857)
Acquisition cost reimbursements from government grants 672,404
Purchase of mining properties (169,714)
Net Cash Used in Investing Activities (2,000,713) (11,364,045)
Cash Flows From Financing Activities:    
Proceeds from exercise of share purchase warrants 37,498
Proceeds from employee stock purchase plan 140,746
Proceeds from issuance of common shares through At-The-Market offering, net of issuance costs 7,579,122
Proceeds from subscription agreements (Note 13) 1,900,000
Proceeds from registered direct offerings 15,000,000
Payment of issuance costs, registered direct offerings (1,089,000)
Proceeds from notes payable, net of issuance costs 9,900,000 20,287,118
Principal paid on notes payable (7,483,333) (18,600,000)
Proceeds from share purchase agreement, net of issuance costs 25,744,936
Net Cash Provided by Financing Activities 25,947,535 27,469,552
Increase in Cash and Restricted Cash 847,471 3,674,985
Cash and Restricted Cash – Beginning of Period 7,001,786 2,320,149
Cash and Restricted Cash – End of Period $ 7,849,257 $ 5,995,134