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COMMON SHARES (Tables) | 3 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
The Company issued the following Common Shares under the Yorkville Equity Facility Financing Agreement during the three months ended September 30, 2024: | The Company issued the following Common Shares under the Yorkville Equity Facility Financing Agreement during the three months ended September 30, 2024:
Date |  |  | Common Shares Issued |  |  | Gross Funds Received |  |  | Market Value of Shares Issued |  |  | (Gain)/Loss on Issuance |
August 28, 2024 |  |  |  | 75,000 |  |  | $ | 140 |  |  | $ | 133 |  |  | $ | (7 | )
September 3, 2024 |  |  |  | 71,000 |  |  |  | 124 |  |  |  | 123 |  |  |  | (1 | )
September 6, 2024 |  |  |  | 71,500 |  |  |  | 118 |  |  |  | 118 |  |  |  | - |
September 16, 2024 |  |  |  | 72,000 |  |  |  | 124 |  |  |  | 124 |  |  |  | - |
September 19, 2024 |  |  |  | 49,750 |  |  |  | 85 |  |  |  | 85 |  |  |  | - |
September 25, 2024 |  |  |  | 60,000 |  |  |  | 101 |  |  |  | 108 |  |  |  | 7 |
Schedule of stock option | Schedule of stock option
|  |  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Aggregate Intrinsic Value |  |  | Weighted Average Remaining Life |
Balance, June 30, 2024 |  |  |  | 2,495,500 |  |  | $ | 4.78 |  |  |  |  |  |  |  |  |
Granted |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Cancelled/expired |  |  |  | (40,000 | ) |  |  | 6.95 |  |  |  |  |  |  |  |  |
Balance, September 30, 2024 |  |  |  | 2,455,500 |  |  | $ | 4.76 |  |  | $ | - |  |  |  | 3.22 Years |
Schedule of warrant transactions | Schedule of warrant transactions
|  |  | Number of Warrants |  |  | Weighted Average Exercise Price |
Balance, June 30, 2024 |  |  |  | 18,563,561 |  |  | $ | 10.53 |
Granted |  |  |  | 2,816,742 |  |  |  | 2.31 |
Exercised |  |  |  | - |  |  |  | - |
Expired |  |  |  | (447,318 | ) |  |  | 8.94 |
Balance, September 30, 2024 |  |  |  | 20,932,985 |  |  | $ | 9.46 |
At September 30, 2024, the Company had outstanding exercisable Warrants, as follows: | At September 30, 2024, the Company had outstanding exercisable Warrants, as follows:
Number |  |  | Exercise Price |  |  | Expiry Date
| 855,800 |  |  | C$9.70 |  |  | February 19, 2025
| 250,000 |  |  | $4.60 |  |  | September 1, 2025
| 413,432 |  |  | $3.54 |  |  | December 22, 2025
| 315,000 |  |  | $2.20 |  |  | June 24, 2026
| 615,385 |  |  | $3.25 |  |  | April 12, 2027
| 15,666,626 |  |  | $11.50 |  |  | March 17, 2028
| 2,816,742 |  |  | $2.31 |  |  | September 17, 2028
| 20,932,985 |  |  |  |  |  |
The following observable data points were used in calculating the fair value of the Private Warrants using a Black Scholes pricing model: | The Company classifies Private Warrants as Level 2 instruments under the fair value hierarchy as inputs into our pricing model are based on observable data points. The following observable data points were used in calculating the fair value of the Private Warrants using a Black Scholes pricing model:
Key Valuation Input |  | September 30, 2024 |  |  | June 30, 2024 |
Closing Common Share price |  | $ | 2.18 |  |  | $ | 1.73 |
Strike price |  | $ | 11.50 |  |  | $ | 11.50 |
Implied volatility of Public Warrants |  |  | 60 | % |  |  | 69.0 | %
Risk free rate |  |  | 3.58 | % |  |  | 4.45 | %
Dividend yield |  |  | 0 | % |  |  | 0 | %
Expected warrant life in years |  |  | 3.5 |  |  |  | 3.7 |
The change in the Private Warrants liability is presented below: | The change in the Private Warrants liability is presented below:
|  | For the Three Months Ended September 30, 2024 |
Fair value at June 30, 2024 |  | $ | 1,353 |
Change in fair value |  |  | (205 | )
Fair value at September 30, 2024 |  | $ | 1,148 |
The Company valued the Contingent Consent Warrants at $2,262 based on a Black Scholes valuation with the following inputs: | The Company valued the Contingent Consent Warrants at $2,262 based on a Black Scholes valuation with the following inputs:
Key Valuation Input |  | September 17, 2024 |
Closing Common Share price |  | $ | 1.74 |
Term (years) |  |  | 4.0 |
Historic equity volatility |  |  | 67.14 | %
Risk-free rate |  |  | 3.44 | %

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- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
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