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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 $ (15,462,945) $ (9,446,454) $ (552,436)
Adjustments for non-cash items      
Depreciation on right-of-use assets 2,640 0 0
Interest expenses and accretion 1,841 148,406 140,264
Amortization of transaction costs 0 56,512 13,284
Issuance of warrants for investor relations services 409,495 0 0
Issuance of warrants for claims settlement 979,294 0 0
Loss (gain) on change in fair value of derivative liabilities 246,460 (1,103,839) (32,676)
Loss on shares-for-debt settlement 157,502 0 0
Stock-based compensation 2,630,249 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 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 0 0 805,000
Proceeds from issuance of shares on IPO 0 34,988,520 0
Share issuance costs 0 (2,995,448) 0
Proceeds received from loan 0 873,253 0
Repayment on loan (201,532) (679,617) 0
Proceeds from exercise of warrants 31,578 365,114 4,883
Payments made on lease deposit (18,367) 0 0
Lease payments (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