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Income Taxes (Tables)
12 Months Ended
Jun. 30, 2021
Income Tax Disclosure [Abstract]  
Schedule of Company's Deferred Tax Asset (Liability) The tax effects of the significant components within the Company’s deferred tax asset (liability) at June 30, 2021 and 2019 are as follows:

 

United States

 

2021

 

 

2020

 

Mineral properties

 

$

868,970

 

 

$

1,206,528

 

Asset retirement obligation

 

 

388,425

 

 

 

129,186

 

Fixed assets

 

 

386

 

 

 

 

Stock options

 

 

447,913

 

 

 

356,189

 

Net operating losses

 

 

11,676,822

 

 

 

9,933,638

 

 

 

$

13,382,516

 

 

$

10,936,166

 

Valuation allowance

 

 

(11,333,208

)

 

 

(10,257,518

)

Mineral properties

 

$

2,049,308

 

 

$

(678,648

)

Net deferred tax asset

 

$

 

 

$

 

Schedule of Income Tax Recovery Differs from Amounts Computed by Applying Statutory Tax to Pre-tax Losses

The income tax recovery differs from the amounts computed by applying statutory tax to pre-tax losses as a result of the following:

 

 

 

2021

 

 

2020

 

Income (Loss) before taxes

 

$

(5,903,618

)

 

$

(6,430,141

)

US Statutory tax rate

 

 

21.00

%

 

 

21.00

%

Expected income tax (recovery)

 

 

(1,239,760

)

 

 

(1,350,330

)

Non-deductible items

 

 

157

 

 

 

2,426

 

Change in estimates

 

 

1,196,349

 

 

 

(57,853

)

Change in valuation allowance

 

 

43,254

 

 

 

1,405,757

 

Total income taxes (recovery)

 

$

 

 

$

 

Current tax expense (recovery)

 

 

 

 

 

 

Deferred tax expense (recovery)

 

 

 

 

 

 

 

 

$

 

 

$