XML 177 R39.htm IDEA: XBRL DOCUMENT v3.25.3
Investment in Joint Venture (Tables)
12 Months Ended
Jun. 30, 2025
Notes and other explanatory information [abstract]  
Schedule of financial information in Joint Venture

The Company’s interest in the Joint Venture (“Powder River Basin LLC” or the “Buyer”) is accounted for using the equity method in the consolidated financial statements. Summarized financial information of the joint venture are set out below:

   June 30, 2025   June 30, 2024 
   $   $ 

Current Assets, including cash and cash equivalents of $1,060,770 and prepayments of $93,953

   1,154,723     
Non-current assets   32,115,558     
Current liabilities   (10,657,035)    
Non-current liabilities   (10,232,250)    
Net Assets   12,380,996     

Schedule of profit and loss of Powder River Basin LLC in Joint Venture

The summarized statement of profit and loss of Powder River Basin LLC for the period from incorporation to June 30, 2025 is set out below:

  

   June 30, 2025   June 30, 2024 
   $   $ 
Administrative expenses   13,200     
Insurance expenses   21,430     
Loss for the year   (34,630)    
Company’s share of loss for the year   (17,315)    

Schedule of investment in the Joint Venture

 

   $ 
Balance, June 30, 2023 and 2024   
Cash contributions to JV   6,291,062 
Deferred contributions   10,232,250 
Share of loss in Powder River Basin LLC   (17,315)
Balance, June 30, 2025   16,505,997