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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (39,741,300) $ (23,506,650)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 2,931,288 3,993,660
Depreciation expense 136,501 55,740
Accretion expense 11,860 9,156
Impairment expense 7,111 115,025
Interest expense paid in stock 438,877 0
Change in the fair value of contingent consideration (606,500)
Amortization of debt discount and issuance costs 190,358 34,675
Loss from equity investment in Peak Gold, LLC 21,120,000 3,706,000
Changes in operating assets and liabilities:    
Decrease in prepaid expenses and other 39,446 176,914
Increase in accounts payable and other accrued liabilities 793,788 1,271,899
Decrease in income tax receivable 0 198,126
Net cash used in operating activities (14,678,571) (13,945,455)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash invested in Peak Gold, LLC (21,120,000) (3,706,000)
Acquisition of property& equipment 0 (43,989)
Cash paid for the acquisition of Alaska Gold Torrent, LLC, net of cash received (719) (11,642,586)
Net cash used in investing activities (21,120,719) (15,392,575)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash paid for shares withheld from employees for payroll tax withholding (126,428) (779,622)
Cash paid for shares purchased from directors for estimated tax obligations associated with stock vesting 0 (1,538,560)
Cash proceeds from debt, net 7,647,500 19,969,967
Debt issuance costs (1,620,771) (164,682)
Cash proceeds from warrant exercise 6,886,000 0
Cash proceeds from capital raises, net 11,564,082 (43,560)
Net cash provided in financing activities 24,350,383 17,443,543
NET DECREASE IN CASH AND RESTRICTED CASH (11,448,907) (11,894,487)
CASH AND RESTRICTED CASH, BEGINNING OF PERIOD 23,326,101 35,220,588
CASH AND RESTRICTED CASH, END OF PERIOD 11,877,194 23,326,101
Supplemental disclosure of cash flow information    
Interest expense 1,324,474 0
Cash paid for income taxes 0 218,546
Non-cash investing and financing activities:    
Asset retirement obligations 0 218,927
Contingent liability for acquisition of Alaska Gold Torrent, LLC 0 (1,847,063)
Establishment fee for convertible debt paid with stock issuance 0 600,000
Total non-cash investing and financing activities: $ 0 $ 2,665,990