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Consolidated Statements of Cash Flows - CAD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Operating Activities      
Net loss for the year $ (15,377,601) $ (9,446,454) $ (552,436)
Adjustments for non-cash items      
Depreciation on right-of-use assets (Note 7) 2,640 0 0
Interest expenses and accretion (Notes 9 and 10) 1,841 148,406 140,264
Amortization of transaction costs (Note 10) 0 56,512 13,284
Issuance of warrants for investor relations services (Note 12) 409,495 0 0
Issuance of warrants for claims settlement (Note 12) 979,294 0 0
Loss (gain) on change in fair value of derivative liabilities (Note 12) 246,460 (1,103,839) (32,676)
Loss on shares-for-debt settlement (Note 13(f)) 157,502 0 0
Stock-based compensation (Notes 14 and 15) 2,544,905 8,035,506 0
Recovery of accounts payable 0 0 (10,740)
Foreign exchange gain (812) (14,000) 0
Total adjustments for non-cash items (11,036,276) (2,323,869) (442,304)
Net change in non-cash working capital items      
Sales tax receivable 112,967 (283,520) (47)
Prepaids and deposits 66,645 (864,177) (67,179)
Accounts payable and accrued liabilities (Note 8) 581,531 552,249 84,360
Due to related party (23,658) (179,655) 61,694
Cash Flows (used in) Operating Activities (10,298,791) (3,098,972) (363,476)
Financing Activities      
Proceeds from issuance of convertible debentures (Note 10) 0 0 805,000
Proceeds from issuance of shares on IPO (Note 13) 0 34,988,520 0
Share issuance costs (Note 13) 0 (2,995,448) 0
Proceeds received from loan (Note 9) 0 873,253 0
Repayment on loan (Note 9) (201,532) (679,617) 0
Proceeds from exercise of warrants (Note 13) 31,578 365,114 4,883
Payments made on lease deposit (18,367) 0 0
Lease payments (Note 7) (2,986) 0 0
Cash Flows provided by (used in) Financing Activities (191,307) 32,551,822 809,883
Investing Activities      
Payments for exploration and evaluation assets (9,461,430) (5,979,286) (270,652)
Cash Flows (used by) Investing Activities (9,461,430) (5,979,286) (270,652)
(Decrease) increase (19,951,528) 23,473,564 175,755
Cash, beginning of year 23,792,408 318,844 143,089
Cash, end of year 3,840,880 23,792,408 318,844
Supplemental Information      
Exploration and evaluation assets in accounts payable $ 388,107 $ 485,089 $ 117,015