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v3.23.1

Condensed Consolidated Interim Statements of Cash Flows - CAD ($) | 9 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Cash flows from (used in) operating activities |  |
Net loss | $ (15,539,401) | $ (31,667,877)
Add items not affecting cash |  |
Share-based payments | 1,135,413 | 2,510,322
Foreign exchange | (5,324,298) | (129,395)
Amortisation - pilot plant | 206,732 | 11,249,269
Amortisation - intangible assets | 89,294 | 143,407
Amortisation - office lease | 156,117 | 51,840
Interest expense | 21,469 | 10,106
Net changes in non-cash working capital items to operations: |  |
Receivables | 472,864 | (51,891)
Prepaid expenses | (1,708,501) | (1,758,404)
Accounts payable and accrued liabilities | (503,314) | 1,271,411
Compensation shares issued |  | 500,000
Net cash used in operating activities | (20,993,625) | (17,871,212)
Cash flows used in investing activities |  |
Exploration and evaluation assets | (15,806,296) | (2,069,120)
Pilot plant |  | (666,308)
Commercial plant development | (9,343,585) | (983,062)
Aqualung Carbon Capture pilot plant development | (1,754,676) |
Patent | (39,864) |
Net cash used in investing activities | (26,944,421) | (3,718,490)
Cash flows from financing activities |  |
Proceeds from private placement |  | 120,452,352
Share issuance costs |  | (255,431)
Exercise of warrants |  | 7,389,127
Exercise of options | 5,257,000 | 2,986,499
Lease payments | (170,776) | (57,986)
Net cash from financing activities | 5,086,224 | 130,514,561
Effect of exchange rates on cash | 5,208,648 |
Net change in cash | (37,643,174) | 108,924,859
Cash, beginning of period | 129,065,348 | 27,988,471
Cash, end of year | $ 91,422,174 | $ 136,913,330

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