v3.26.1
Segmented Information (Tables)
9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Expenses and Mineral Property Carrying Values by Material Project

The tables below summarize the Company's segments:

 

Three Months Ended March 31, 2026

 

 

 

Sleeper Gold Project and other Nevada based Projects

 

 

Grassy Mountain Project and other Oregon based Projects

 

 

Corporate

 

 

Total

 

Exploration and development

 

$

29,910

 

 

$

1,090,777

 

 

$

—

 

 

$

1,120,687

 

Reclamation

 

 

49,755

 

 

 

—

 

 

 

—

 

 

 

49,755

 

Land holding costs

 

 

111,135

 

 

 

43,173

 

 

 

—

 

 

 

154,308

 

Accretion

 

 

56,912

 

 

 

—

 

 

 

—

 

 

 

56,912

 

Corporate

 

 

—

 

 

 

—

 

 

 

975,267

 

 

 

975,267

 

Net Loss Before Other Expense

 

$

247,712

 

 

$

1,133,950

 

 

$

975,267

 

 

$

2,356,929

 

Other Expense (Income)

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

(99,393

)

 

 

—

 

 

 

—

 

 

 

(99,393

)

Loss from change in fair value of derivative liability on royalty convertible debenture

 

 

—

 

 

 

—

 

 

 

1,403,823

 

 

 

1,403,823

 

Loss from change in fair value of warrant liability

 

 

—

 

 

 

—

 

 

 

838,106

 

 

 

838,106

 

Interest expense

 

 

—

 

 

 

—

 

 

 

418,506

 

 

 

418,506

 

Interest income

 

 

—

 

 

 

—

 

 

 

(14,823

)

 

 

(14,823

)

Net Loss

 

$

148,319

 

 

$

1,133,950

 

 

$

3,620,879

 

 

$

4,903,148

 

 

Three Months Ended March 31, 2025

 

 

 

Sleeper Gold Project and other Nevada based Projects

 

 

Grassy Mountain Project and other Oregon based Projects

 

 

Corporate

 

 

Total

 

Exploration and development

 

$

57,655

 

 

$

676,251

 

 

$

—

 

 

$

733,906

 

Reclamation

 

 

14,193

 

 

 

—

 

 

 

—

 

 

 

14,193

 

Land holding costs

 

 

142,235

 

 

 

43,173

 

 

 

—

 

 

 

185,408

 

Accretion

 

 

45,619

 

 

 

—

 

 

 

—

 

 

 

45,619

 

Corporate

 

 

—

 

 

 

—

 

 

 

1,217,044

 

 

 

1,217,044

 

Net Loss Before Other Expense

 

$

259,702

 

 

$

719,424

 

 

$

1,217,044

 

 

$

2,196,170

 

Other Expense (Income)

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Loss from change in fair value of derivative liability on royalty convertible debenture

 

 

—

 

 

 

—

 

 

 

11,874

 

 

 

11,874

 

Interest expense

 

 

—

 

 

 

—

 

 

 

418,506

 

 

 

418,506

 

Interest income

 

 

—

 

 

 

—

 

 

 

(8,243

)

 

 

(8,243

)

Net Loss

 

$

259,702

 

 

$

719,424

 

 

$

1,639,181

 

 

$

2,618,307

 

 

 

Nine Months Ended March 31, 2026

 

 

 

Sleeper Gold Project and other Nevada based Projects

 

 

Grassy Mountain Project and other Oregon based Projects

 

 

Corporate

 

 

Total

 

Exploration and development

 

$

73,964

 

 

$

2,352,628

 

 

$

—

 

 

$

2,426,592

 

Reclamation

 

 

112,646

 

 

 

—

 

 

 

—

 

 

 

112,646

 

Land holding costs

 

 

426,704

 

 

 

129,520

 

 

 

—

 

 

 

556,224

 

Accretion

 

 

170,736

 

 

 

—

 

 

 

—

 

 

 

170,736

 

Corporate

 

 

—

 

 

 

—

 

 

 

2,762,334

 

 

 

2,762,334

 

Net Loss Before Other Expense

 

$

784,050

 

 

$

2,482,148

 

 

$

2,762,334

 

 

$

6,028,532

 

Other Expense (Income)

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

(105,734

)

 

 

—

 

 

 

—

 

 

 

(105,734

)

Loss from change in fair value of derivative liability on royalty convertible debenture

 

 

—

 

 

 

—

 

 

 

4,343,593

 

 

 

4,343,593

 

Loss from change in fair value of warrant liability

 

 

—

 

 

 

—

 

 

 

2,145,605

 

 

 

2,145,605

 

Interest expense

 

 

—

 

 

 

—

 

 

 

1,272,182

 

 

 

1,272,182

 

Interest income

 

 

—

 

 

 

—

 

 

 

(29,755

)

 

 

(29,755

)

Net Loss

 

$

678,316

 

 

$

2,482,148

 

 

$

10,493,959

 

 

$

13,654,423

 

 

Nine Months Ended March 31, 2025

 

 

 

Sleeper Gold Project and other Nevada based Projects

 

 

Grassy Mountain Project and other Oregon based Projects

 

 

Corporate

 

 

Total

 

Exploration and development

 

$

135,958

 

 

$

1,370,357

 

 

$

—

 

 

$

1,506,315

 

Reclamation

 

 

84,550

 

 

 

—

 

 

 

—

 

 

 

84,550

 

Land holding costs

 

 

412,039

 

 

 

126,323

 

 

 

—

 

 

 

538,362

 

Accretion

 

 

179,794

 

 

 

—

 

 

 

—

 

 

 

179,794

 

Corporate

 

 

—

 

 

 

—

 

 

 

2,510,705

 

 

 

2,510,705

 

Net Loss Before Other Expense

 

$

812,341

 

 

$

1,496,680

 

 

$

2,510,705

 

 

$

4,819,726

 

Other Expense (Income)

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

(6,217

)

 

 

—

 

 

 

—

 

 

 

(6,217

)

Change in derivative liability on royalty convertible debenture

 

 

—

 

 

 

—

 

 

 

175,929

 

 

 

175,929

 

Interest expense

 

 

—

 

 

 

—

 

 

 

1,272,184

 

 

 

1,272,184

 

Interest income

 

 

—

 

 

 

—

 

 

 

(39,688

)

 

 

(39,688

)

Net Loss

 

$

806,124

 

 

$

1,496,680

 

 

$

3,919,130

 

 

$

6,221,934

 

 

Non current assets of Company's segments:

`

 

As at March 31, 2026

 

 

As at June 30, 2025

 

Sleeper Gold Project and other Nevada based projects mineral properties

 

$

25,751,750

 

 

$

25,701,750

 

Grassy Mountain Project and other Oregon based projects mineral properties

 

 

23,435,728

 

 

 

23,435,728

 

Corporate and other

 

 

518,100

 

 

 

558,204

 

Total Non-Current Assets

 

$

49,705,578

 

 

$

49,695,682