COMMON STOCK (Tables)
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12 Months Ended |
Jun. 30, 2022 |
Equity [Abstract] |
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Stock option transactions are summarized as follows: |
Stock
option transactions are summarized as follows:
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|
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$0.83 | |
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Schedule of information and assumptions used to determine option costs |
The
following table summarizes the weighted average information and assumptions used to determine option costs:
Schedule of information and assumptions used to determine option costs
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Year ended June 30, | |
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2022 | | |
2021 | | |
2020 | |
Fair value per option granted during the period (C$) | |
$ | 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 | | |
| - | |
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Schedule of information about stock options outstanding |
The
following table summarizes information about stock options outstanding at June 30, 2022:
Schedule of information about stock options outstanding
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 |
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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: | |
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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: | |
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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 | |
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Schedule of outstanding exercisable warrants |
At
June 30, 2022, the Company has outstanding exercisable warrants, as follows:
Schedule of outstanding exercisable warrants
Number |
|
Exercise
Price |
| Expiry
Date |
500,000 |
|
C$0.80 |
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December
18, 2022 |
4,412,118 |
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C$1.63 |
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May
10, 2023 |
5,046,135 |
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C$1.10 |
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June
30, 2024 |
8,558,000 |
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C$0.97 |
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February
19, 2025 |
18,516,253 |
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