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COMMON STOCK (Tables)
12 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Stock option transactions are summarized as follows:

Stock option transactions are summarized as follows:

 

      Number of Options   Weighted Average Exercise Price 
Balance July 1, 2019    19,449,909    C$0.62  
Exercised    (320,500)   C$0.62  
Balance June 30, 2020    19,129,409    C$0.62  
   Granted    3,700,000    C$0.78 
   Exercised    (2,952,296)   C$0.61 
Cancelled/expired    (3,912,113)   C$0.64 
Balance June 30, 2021    15,965,000    C$0.65 
   Granted    4,475,000    C$1.33 
   Exercised    (2,051,533)   C$0.70 
Cancelled/expired    (3,924,467)   C$0.77 
Balance June 30, 2022    14,464,000    C$0.83 
            
Schedule of information and assumptions used to determine option costs

The following table summarizes the weighted average information and assumptions used to determine option costs:

                       
   Year ended June 30, 
   2022   2021   2020 
Fair value per option granted during the period (C$)  $0.49   $0.25    - 
Risk-free interest rate   1.33%   0.26%   - 
Expected dividend yield   0%   0%   - 
Expected stock price volatility (historical basis)   54.4%   54.1%   - 
Expected option life in years   3.0    3.0    - 
                
Schedule of information about stock options outstanding

The following table summarizes information about stock options outstanding at June 30, 2022:

 

Exercise Price Expiry Date Number Outstanding Aggregate Intrinsic Value Number Exercisable Aggregate Intrinsic Value
C$0.47 November 9, 2022 2,804,000 C$1,206 2,804,000 C$1,206
C$0.84 September 18, 2023 1,050,000 63 1,050,000 63
C$0.54 November 15, 2023 3,785,000 1,362 3,785,000 1,362
C$0.75 December 14, 2023 1,825,000 274 1,825,000 274
C$0.75 December 16, 2023 525,000 79 525,000 79
C$1.36 December 17, 2024 3,975,000 - 3,975,000 -
C$1.10 May 30, 2025 500,000 - 500,000 -
Balance June 30, 2022 14,464,000 C$2,984 14,464,000 C$2,984
           
Schedule of warrant transactions

Warrant transactions are summarized as follows:

 Schedule of warrant transactions

   Warrants   Weighted Average Exercise Price 
Balance July 1, 2019   21,374,801    C$0.78 
Exercised   (664,549)   C$0.69 
Expired   (8,333,801)   C$0.86 
Balance June 30, 2020   12,376,451    C$0.74 
   Granted:          
Nordmin warrants   500,000    C$0.80 
Lind III Warrants   8,558,000    C$0.97 
April 2021 private placement   4,412,118    C$1.63 
Exercised   (9,106,283)   C$0.75 
Expired   (2,398,418)   C$0.73 
Balance June 30, 2021   14,341,868    C$1.16 
   Granted:          
June 2022 private placement   5,046,135    C$1.10 
Exercised   (871,750)   C$0.78 
Balance June 30, 2022   18,516,253    C$1.16 
Schedule of outstanding exercisable warrants

At June 30, 2022, the Company has outstanding exercisable warrants, as follows:

 

Number

   Exercise Price

Expiry Date

500,000   C$0.80   December 18, 2022
4,412,118   C$1.63   May 10, 2023
5,046,135   C$1.10   June 30, 2024
8,558,000   C$0.97   February 19, 2025
18,516,253