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Mineral Properties | 12 Months Ended
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Jun. 30, 2025
Mineral Industries Disclosures [Abstract] |
Mineral Properties | Note 8. Mineral Properties The Company has capitalized acquisition costs on mineral properties as follows:
|  | June 30, 2025 |  |  | June 30, 2024 |
Sleeper and other Nevada based Projects |  | $ | 25,701,750 |  |  | $ | 25,733,685 |
Grassy Mountain and other Oregon based Projects |  |  | 23,435,728 |  |  |  | 23,335,728 |
|  | $ | 49,137,478 |  |  | $ | 49,069,413 |
Sleeper: Sleeper is located in Humbolt County, Nevada approximately 26 miles northwest of the town of Winnemucca. For the year-ended June 30, 2025 and 2024, the Company recognized a decrease in the mineral properties for the Sleeper Gold Project due to a change of estimate for its reclamation and environmental obligation in the amount of $81,936 and $2,488,848, respectively (Note 9). 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 Oregon Based Projects : During the year ended June 30, 2025, the Company made a payment to Nevada Select Royalty Inc. ("Nevada Select") in the amount of $100,000 (2024 - $50,000). See Note 13 for a description of the Frost Project. Other Nevada Based Projects: During the year ended June 30, 2025, the Company made a payment to Nevada Select in the amount of $50,000 (2024 - $50,000). See Note 13 for a description of the Bald Peak claims. 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 year ended June 30, 2025 and 2024, 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 impairment was necessary.

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