XML 58 R43.htm IDEA: XBRL DOCUMENT v3.22.0.1
EQUITY INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Summary of Changes in Equity Method Investments (Details) - USD ($)
6 Months Ended 12 Months Ended
Aug. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Increase (Decrease) in Equity Method Investment [Roll Forward]            
Balance at June 30, 2021   $ 16,262,498 $ 0 $ 0    
Additional investment   43,603,824 0 16,358,412 $ 0 $ 0
Return of capital   (513,511)        
Loss from equity method investments   (642,135) 0 (64,626) 0 0
Share of income from equity method investments included in other comprehensive income (loss)   162,034   (31,288) 0 $ 0
Balance at December 31, 2021   58,872,710 $ 0 16,262,498 $ 0  
Sayona            
Increase (Decrease) in Equity Method Investment [Roll Forward]            
Balance at June 30, 2021   11,194,905        
Additional investment   7,423,086   11,290,819    
Return of capital   0        
Loss from equity method investments   (525,679)   (64,626)    
Share of income from equity method investments included in other comprehensive income (loss)   164,176   (31,288)    
Balance at December 31, 2021   18,256,488   11,194,905    
Fair value of equity investments where market values from publicly traded entities are readily available   104,699,010        
Sayona Quebec            
Increase (Decrease) in Equity Method Investment [Roll Forward]            
Balance at June 30, 2021   5,067,593        
Additional investment   20,211,235   5,067,593    
Return of capital   0        
Loss from equity method investments   (62,977)   0    
Share of income from equity method investments included in other comprehensive income (loss)   0   0    
Balance at December 31, 2021   25,215,851   5,067,593    
Atlantic Lithium            
Increase (Decrease) in Equity Method Investment [Roll Forward]            
Balance at June 30, 2021   0        
Additional investment $ 16,000,000 15,969,503   0    
Return of capital   (513,511)        
Loss from equity method investments   (53,479)   0    
Share of income from equity method investments included in other comprehensive income (loss)   (2,142)   0    
Balance at December 31, 2021   15,400,371   0    
Fair value of equity investments where market values from publicly traded entities are readily available   21,682,656        
Transaction costs   111,071        
Sayona and Sayona Quebec            
Increase (Decrease) in Equity Method Investment [Roll Forward]            
Additional investment   27,634,321        
Transaction costs   $ 171,379   $ 212,713