Mineral Properties

6 Months Ended

Dec. 31, 2022

Mineral Industries Disclosures [Abstract]

Note 8. Mineral Properties

The Company has capitalized acquisition costs on mineral properties as follows:


	December 31, 2022		June 30, 2022
Sleeper and other Nevada based Projects	$	28,537,145	$	28,507,145
Grassy Mountain and other Oregon based Projects		23,235,728		23,235,728
	$	51,772,873	$	51,742,873

Sleeper:

Sleeper is located in Humboldt County, Nevada, approximately 26 miles northwest of the town of Winnemucca.

Grassy Mountain:

The Grassy Mountain Project is located in Malheur County, Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho.

Other Nevada Based Projects

During the three month period ended December 31, 2022, the Company made a payment to Nevada Select in the amount of $30,000 after Paramount received a permit to drill the Bald Peak claims from the US Forestry Service.

Impairment of Mineral Properties

The Company reviews and evaluates its long-lived assets for impairment on an annual basis or more frequently when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. For the six months ended December 31, 2022 and 2021, no events or changes in circumstance are believed to have impacted recoverability of the Company’s long-lived assets. Accordingly, it was determined that no interim impairment was necessary.