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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income (Loss) $ (40,766,308) $ (38,030,291) $ (59,107,307) $ (39,741,300)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Stock-based compensation 1,622,566 2,638,635 2,955,433 2,931,288
Depreciation expense 52,620 121,876 120,693 136,501
Accretion expense 6,284 9,542 12,170 11,860
Non-cash portion for lease expense 0 180 0 0
Impairment expense 0 0 7,111 7,111
Equity (earnings) loss from investment in Peak Gold, LLC 6,315,595 (41,669,216) 18,125,595 21,120,000
Cash distribution from Peak Gold, LLC 0 40,500,000 0 0
Unrealized loss from derivative contracts 23,417,781 34,274,326 23,417,781 0
Unrealized loss from marketable securities 0 199,018 0 0
Drawdown of Silver Royalty 0 (127,366) 0 0
Interest expense paid in stock 166,641 400,048 605,518 438,877
Deferred tax benefit 0 (90,511) 0 0
Change in the fair value of contingent consideration (140,083) 0 (746,583) (606,500)
Amortization of debt discount and debt issuance fees 398,418 4,108,887 253,729 190,358
Changes in operating assets and liabilities:        
Decrease (increase) in prepaid expenses and other (699,003) 339,627 (296,314) 39,446
Increase (decrease) in accounts payable and other accrued liabilities 193,200 (1,326,643) 1,087,031 793,788
Increase in income taxes receivable 0 (649,125) 0 0
Net cash provided by (used in) operating activities (9,432,289) 698,987 (13,565,143) (14,678,571)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Cash invested in Peak Gold, LLC (34,380,000) (31,290,000) (46,190,000) (21,120,000)
Acquisition of other assets (7,329) (23,667) (8,048) (719)
Net cash used in investing activities (34,387,329) (32,129,280) (46,198,048) (21,120,719)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Cash paid for shares withheld from employees for payroll tax withholding (48,308) 0 (87,804) (126,428)
Cash proceeds from warrant exercise 0 0 6,886,000 6,886,000
Cash proceeds from debt, net 20,000,000 30,000,000 27,647,500 7,647,500
Principal repayments on debt 0 (7,900,000) 0 0
Cash proceeds from common stock and warrant issuance, net 29,254,302 15,477,398 35,219,884 11,564,082
Debt issuance costs (1,526,179) (1,568,974) (3,161,152) (1,620,771)
Net cash provided by financing activities 47,679,815 36,008,424 66,504,428 24,350,383
NET INCREASE IN CASH AND RESTRICTED CASH 3,860,197 4,578,131 6,741,237 (11,448,907)
CASH AND RESTRICTED CASH, BEGINNING OF PERIOD 11,877,194 15,737,391 8,996,154 23,326,101
CASH AND RESTRICTED CASH, END OF PERIOD 15,737,391 20,315,522 15,737,391 11,877,194
Supplemental disclosure of cash flow information        
Interest expense 1,218,499 7,229,674 1,826,286 1,324,474
Income taxes 0 656,235 0 0
Non-cash investing and financing activities:        
Commitment fee derecognized and added to debt discount 0 787,306 0 0
Shares issued for acquisitions 0 35,331,402 0 0
Consideration payable for Avidian acquisition 0 557,945 0 0
Accrued transaction costs for HighGold acquisition 0 21,919 0 0
Total non-cash investing and financing activities: 0 36,698,572 0 0
Acquisition of HighGold Mining Inc. and Avidian Gold Corp. [Member]        
CASH FLOWS FROM INVESTING ACTIVITIES:        
Acquisition of HighGold Mining Inc. and Avidian Gold Corp., net of cash acquired $ 0 $ (815,613) $ 0 $ 0