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Consolidated Statements of Cash Flows - CAD ($)
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Operating Activities      
Net loss for the period $ (6,850,918) $ (15,462,945) $ (9,446,454)
Adjustments for non-cash items      
Depreciation on right-of-use assets 31,680 2,640 0
Issuance of warrants for claims settlement 0 979,294 0
Interest expenses and accretion 5,907 1,841 148,406
Amortization of transaction costs 0 0 56,512
Issuance of warrants for services 171,631 409,495 0
Loss on termination of Muskrat Dam Project 4,652,894 0 0
Loss (gain) on change in fair value of derivative liabilities (2,382,180) 246,460 (1,103,839)
Issuance of shares per option agreements 92,443 0 0
Loss on debt settled through the issuance of shares 74,684 0 0
Issuance of shares-for-debt-settlement 0 157,502 0
Premium on flow-through shares (1,159,632) 0 0
Stock-based compensation 953,845 2,630,249 8,035,506
Foreign exchange loss (gain) 12,235 (812) (14,000)
Total adjustments for non-cash items (4,397,411) (11,036,276) (2,323,869)
Net change in non-cash working capital items      
Sales tax receivable 140,506 112,967 (283,520)
Prepaids and deposits 177,238 66,645 (864,177)
Due from related party 10,287 0 0
Accounts payable and accrued liabilities 272,526 581,531 552,249
Due to related parties 54,528 (23,658) (179,655)
Cash Flows used in Operating Activities (3,742,326) (10,298,791) (3,098,972)
Financing Activities      
Proceeds from issuance of convertible debentures 7,707,292 0 0
Proceeds from issuance of shares on IPO 0 0 34,988,520
Share issuance costs (215,377) 0 (2,995,448)
Repayment on loan 0 (201,532) 193,636
Proceeds from exercise of warrants 0 31,578 365,114
Payment on redemption of restricted share units (546,476) 0 0
Payments made on lease deposit 0 (18,367) 0
Lease payments (35,828) (2,986) 0
Cash Flows provided by (used in) Financing Activities 6,909,611 (191,307) 32,551,822
Investing Activities      
Payments for exploration and evaluation assets (4,481,208) (9,461,430) (5,979,286)
Cash Flows used in Investing Activities (4,481,208) (9,461,430) (5,979,286)
Decrease (1,313,923) (19,951,528) 23,473,564
Cash, beginning of year 3,840,880 23,792,408 318,844
Cash, end of year 2,526,957 3,840,880 23,792,408
Supplemental Information      
Exploration and evaluation assets in accounts payable 132,859 388,107 485,089
Fair value of agent's warrants issued as share issue costs $ 139,639 $ 0 $ 0