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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income/(loss) $ (23,506,650) $ 23,869,123
Adjustments to reconcile net income/(loss) to net cash used in operating activities:    
Stock-based compensation 3,993,660 3,892,883
Depreciation expense 55,740 0
Accretion expense 9,156 (0)
Impairment expense 115,025 0
Amortization of debt discount and issuance costs 34,675 0
Loss from equity investment in Peak Gold, LLC 3,706,000 3,861,252
Gain on sale of a portion of the equity investment in Peak Gold, LLC 0 (39,692,857)
Changes in operating assets and liabilities:    
Decrease/(increase) in prepaid expenses and other 176,914 (443,391)
Increase/(decrease) in accounts payable and other accrued liabilities 1,271,899 (867,290)
Decrease/(increase) in income tax receivable 198,126 (198,126)
Increase in advance royalty reimbursement 0 1,200,000
Net cash used in operating activities (13,945,455) (8,378,406)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash invested in Peak Gold, LLC (3,706,000) (3,861,252)
Acquisition of property& equipment (43,989) (36,531)
Cash paid for the acquisition of Alaska Gold Torrent, LLC, net of cash received (11,642,586) 0
Cash proceeds from the sale of a portion of the equity investment in Peak Gold, LLC 0 31,250,000
Net cash provided/(used) by investing activities (15,392,575) 27,352,217
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash paid for shares withheld from employees for payroll tax withholding (779,622) (876,551)
Cash paid for shares purchased from directors for estimated tax obligations associated with stock vesting (779,622) (876,551)
Cash proceeds from debt 19,969,967 0
Debt issuance costs (164,682)
Cash proceeds from capital raises, net (43,560) 14,111,410
Net cash provided in financing activities 17,443,543 13,234,859
NET INCREASE/(DECREASE) IN CASH (11,894,487) 32,208,670
CASH, BEGINNING OF PERIOD 35,220,588 3,011,918
CASH AND RESTRICTED CASH, END OF PERIOD 23,326,101 35,220,588
Supplemental disclosure of cash flow information    
Cash paid for income taxes 218,546 1,500,000
Non-cash investing and financing activities:    
Shares received from partial sale of the investment in Peak Gold, LLC and retired 0 8,442,857
Asset retirement obligations, noncash 218,927  
Contingent liability for acquisition of Alaska Gold Torrent, LLC 1,847,063 0
Establishment fee for convertible debt paid with stock issuance 600,000 0
Total non-cash investing and financing activities: 2,665,990 8,442,857
Director [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash paid for shares withheld from employees for payroll tax withholding (1,538,560) 0
Cash paid for shares purchased from directors for estimated tax obligations associated with stock vesting $ (1,538,560) $ 0