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Non-Cash Transactions
12 Months Ended
Jun. 30, 2022
Nonmonetary Transactions [Abstract]  
Non-Cash Transactions

Note 5. Non-Cash Transactions

During the year-ended June 30, 2022, the Company issued 404,584 shares of Common Stock for payment of interest accrued and owing on its outstanding 2019 Convertible Notes with a fair value of $324,055. During the year-ended June 30, 2021, the Company issued 362,427 shares of Common Stock for payment of interest accrued and owing on its outstanding 2019 Convertible Notes with a

fair value of $398,777. The Company also issued 266,000 shares of Common stock under its equity compensation plans with a fair value of $170,240 and increased its asset retirement obligation and mineral properties by $2,475,169.

During the year-ended June 30, 2021, the Company issued 257,353 shares of its common stock with a fair value of $277,941 for the acquisition of mining claims.

During the year-ended June 30, 2021, the Company issued 1,200,000 shares of Common Stock upon the conversion of 1,200 of its outstanding 2019 Convertible Notes. The Company also issued 166,792 shares of Common Stock to Ausenco Engineering USA South Inc. in exchange for consulting services to complete the Grassy Mountain feasibility study valued at $181,458 and increased its asset retirement obligation by $1,498,950.