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BASIS OF PREPARATION (Tables) | 12 Months Ended
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Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of intercompany transactions and balances | These consolidated financial statements include the accounts of the Company and the subsidiaries listed in the following table. All intercompany transactions and balances have been eliminated. Schedule of intercompany transactions and balances
| Jurisdiction of incorporation | Ownership at June 30,
2023 | 2022
0896800 BC Ltd. (“0896800”) | British Columbia, Canada | 100% | 100%
Elk Creek Resources Corp. | Nebraska, USA | N/A | 100% by 0896800
Elk Creek Resources Corp. (“ECRC”) | Delaware, USA | 100% of the Class A common stock by 0896800 | N/A
| b) | Use of Estimates
The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the deferred income tax asset valuations, convertible debt valuations, earnout valuation, warrant liabilities, and share-based compensation. The Company bases its estimates and assumptions on current facts, historical experience, and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between estimates and the actual results, future results of operations will be affected.

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