Income Taxes

12 Months Ended

Jun. 30, 2025

Notes and other explanatory information [abstract]

Income Taxes

24. Income Taxes

The reconciliation of the combined Canadian federal and provincial statutory income tax rate of 27% (2024 and 2023 – 27%) to the effective tax rate is as follows:

	June 30, 2025			June 30, 2024			June 30, 2023
		$			$			$
Net loss before income tax		(15,985,788	)		(6,850,918	)		(15,462,945	)
Combined federal and provincial statutory income tax rates		27	%		27	%		27	%
Expected income tax recovery at statutory rates		4,316,163			1,849,748			4,174,995
Non-deductible differences		4,082,556			1,195,284			(225,472	)
Flow through expenditures		(1,153,751	)		(663,475	)		—
True-up of prior year amounts		(1,039,721	)		578,598			—
Change in unrecognized deductible temporary differences		(6,205,247	)		(2,960,155	)		(3,949,523	)
Total income tax recovery		—			—			—

Unrecognized deductible temporary differences

The income tax benefit of the following deductible temporary differences has not been recorded in these financial statements because of the uncertainty of their recovery:

	June 30, 2025			June 30, 2024		June 30, 2023
		$			$		$
Non-capital losses carried forward		12,089,508			7,155,193		5,226,507
Exploration and evaluation assets		(908,007	)		916,213		(100,081	)
Other items		3,603,820			508,668		493,493
Other comprehensive income, before tax		14,785,321			8,580,074		5,619,919

Non-capital losses carried forward

The Company has non-capital tax losses available to reduce taxes in future years of approximately $44,776,000 (2024 – $26,500,000; 2023 - $19,357,000). These losses have expiry dates between 2038 and 2045.

Tax attributes are subject to review, and potential adjustment, by tax authorities