Document and Entity Information
Document and Entity Information - $ / shares | Nov. 16, 2020 | Sep. 30, 2020 |
Details | ||
Registrant CIK | 0001576873 | |
Fiscal Year End | --06-30 | |
Document Type | 10-Q/A | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2020 | |
Document Transition Report | false | |
Entity File Number | 000-55088 | |
Entity Registrant Name | AMERICAN BATTERY METALS CORP | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 33-1227980 | |
Entity Address, Address Line One | 930 Tahoe Blvd. Suite 802-16 | |
Entity Address, City or Town | Incline Village | |
Entity Address, State or Province | NV | |
Entity Address, Postal Zip Code | 89451 | |
Entity Address, Address Description | Address of principal executive offices | |
City Area Code | 775 | |
Local Phone Number | 473-4744 | |
Phone Fax Number Description | Registrant's telephone number | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Listing, Par Value Per Share | $ 0.001 | |
Entity Common Stock, Shares Outstanding | 465,396,316 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q1 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Sep. 30, 2020 | Jun. 30, 2020 |
Current assets | ||
Cash | $ 1,292,358 | $ 829,924 |
Prepaid expenses | 243,427 | 237,334 |
Total current assets | 1,535,785 | 1,067,258 |
Investment in joint venture | 35,250 | 35,250 |
Property and equipment | 56,205 | 58,806 |
Total assets | 1,627,240 | 1,161,314 |
Current liabilities | ||
Accounts payable and accrued liabilities | 533,585 | 514,838 |
Due to related parties | 378,456 | 624,949 |
Derivative Liability, Current | 2,777,634 | 4,519,654 |
Convertible Notes payable, net of unamortized discount | 1,019,892 | 127,149 |
Current portion of loans payable | 8,755 | 8,580 |
Total current liabilities | 4,718,322 | 5,795,170 |
STOCKHOLDERS' DEFICIT | ||
Preferred Stock, Value, Issued | 300 | 300 |
Common Stock, Value, Issued | 459,265 | 365,191 |
Additional paid-in capital | 61,161,379 | 55,452,951 |
Share subscriptions received | 1,343,750 | 2,450,000 |
Accumulated deficit | (66,360,155) | (63,208,946) |
Total stockholders' deficit | (3,395,461) | (4,940,504) |
Total liabilities and stockholders' deficit | 1,627,240 | 1,161,314 |
Loans payable | 304,379 | 306,648 |
Total liabilities | $ 5,022,701 | $ 6,101,818 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) - Parenthetical - USD ($) | Sep. 30, 2020 | Jun. 30, 2020 |
Details | ||
Debt Instrument, Unamortized Discount, Current | $ 1,096,108 | $ 2,084,051 |
Preferred Stock, Shares Authorized | 500,000 | 500,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Issued | 300,000 | |
Preferred Stock, Shares Outstanding | 300,000 | |
Common Stock, Shares Authorized | 1,200,000,000 | 1,200,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares, Issued | 459,264,660 | 365,191,213 |
Common Stock, Shares, Outstanding | 459,264,660 | 365,191,213 |
Condensed Consolidated Statemen
Condensed Consolidated Statement of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Details | ||
Revenues | $ 0 | $ 0 |
Operating expenses | ||
Exploration costs | 106,797 | 323,368 |
General and administrative | 2,306,296 | 1,071,269 |
Net loss from operations | (2,413,093) | (1,394,637) |
Other income (expense) | ||
Accretion and interest expense | (1,362,547) | (1,100,494) |
Change in fair value of derivative liability | (773,886) | (62,554) |
Gain on settlement of debt | 1,612,433 | 86,187 |
Financing cost | (214,116) | 0 |
Other expense | 0 | (3,746) |
Total other income (expense) | (738,116) | (1,080,607) |
Net loss | $ (3,151,209) | $ (2,475,244) |
Net loss per share, basic and diluted | $ (0.01) | $ (0.02) |
Weighted average shares outstanding, basic and diluted | 437,878,302 | 123,558,942 |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Stockholder's Deficit (Unaudited) - USD ($) | Preferred Stock | Common Stock | Additional Paid-in Capital | Share Subscriptions $ | Retained Earnings | Total |
Equity Balance, Starting at Jun. 30, 2019 | $ 0 | $ 116,235 | $ 42,849,297 | $ 0 | $ (47,419,040) | $ (4,453,508) |
Shares Outstanding, Starting at Jun. 30, 2019 | 0 | 116,234,968 | ||||
Stock Issued During Period, Value, Issued for Services | $ 0 | $ 3,650 | 686,850 | 0 | 0 | 690,500 |
Stock Issued During Period, Shares, Issued for Services | 0 | 3,650,000 | ||||
Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments | $ 0 | $ 12,793 | 1,434,251 | 0 | 0 | 1,447,044 |
Stock Issued During Period, Shares, Conversion of Convertible Securities | 0 | 12,793,165 | ||||
Net Income (Loss) | $ 0 | $ 0 | 0 | 0 | (2,471,498) | (2,471,498) |
Shares Outstanding, Ending at Sep. 30, 2019 | 0 | 132,678,133 | ||||
Equity Balance, Ending at Sep. 30, 2019 | $ 0 | $ 132,678 | 44,970,398 | 0 | (49,890,538) | (4,787,462) |
Equity Balance, Starting at Jun. 30, 2020 | $ 300 | $ 365,191 | 55,452,951 | 2,450,000 | (63,208,946) | (4,940,504) |
Shares Outstanding, Starting at Jun. 30, 2020 | 300,000 | 365,191,213 | ||||
Stock Issued During Period, Value, Issued for Services | $ 0 | $ 13,240 | 1,569,030 | 0 | 0 | 1,582,270 |
Stock Issued During Period, Shares, Issued for Services | 0 | 13,240,000 | ||||
Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments | $ 0 | $ 15,154 | 1,755,078 | 0 | 0 | 1,770,232 |
Stock Issued During Period, Shares, Conversion of Convertible Securities | 0 | 15,153,315 | ||||
Stock Issued During Period, Value, Stock Options Exercised | $ 0 | $ 5,055 | (5,055) | 0 | 0 | $ 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 0 | 5,055,132 | 250,000 | |||
Stock Issued During Period, Value, New Issues | $ 0 | $ 60,625 | 2,389,375 | (2,450,000) | 0 | $ 0 |
Stock Issued During Period, Shares, New Issues | 0 | 60,625,000 | ||||
Stock Issued During Period, Value, Other | $ 0 | $ 0 | 0 | 1,343,750 | 0 | 1,343,750 |
Stock Issued During Period, Shares, Other | 0 | 0 | ||||
Net Income (Loss) | $ 0 | $ 0 | 0 | 0 | (3,151,209) | (3,151,209) |
Shares Outstanding, Ending at Sep. 30, 2020 | 300,000 | 459,264,660 | ||||
Equity Balance, Ending at Sep. 30, 2020 | $ 300 | $ 459,265 | $ 61,161,379 | $ 1,343,750 | $ (66,360,155) | $ (3,395,461) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Operating Activities | ||
Net loss | $ (3,151,209) | $ (2,471,498) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation | 2,601 | 0 |
Accretion expense | 1,306,443 | 989,643 |
Change in fair value of derivative liability | 773,886 | 62,554 |
Discount on convertible notes payable | 230,020 | 66,349 |
Shares issued for mineral property exploration costs | (1,612,433) | (86,187) |
Shares issued for services | 1,582,270 | 690,500 |
Changes in operating assets and liabilities: | ||
Prepaid expenses | (6,093) | (8,788) |
Accounts payable and accrued liabilities | 49,357 | 54,241 |
Due to related parties | (246,493) | (135,586) |
Net Cash Used In Operating Activities | (1,071,651) | (838,772) |
Investing Activities | ||
Acquisition of equipment | (2,094) | 0 |
Net Cash Used In Investing Activities | (2,094) | 0 |
Financing Activities | ||
Proceeds from issuance of convertible notes payable | 1,075,000 | 1,042,150 |
Repayment of convertible note payable | (882,571) | (212,697) |
Proceeds from share subscriptions received | 1,343,750 | 0 |
Net Cash Provided By Financing Activities | 1,536,179 | 829,453 |
Change in Cash | 462,434 | (9,319) |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 829,924 | 16,690 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 1,292,358 | 7,371 |
Supplemental disclosures: | ||
Interest paid | 30,662 | 8,966 |
Income taxes paid | 0 | 0 |
Non-cash investing and financing activities: | ||
Discount on convertible debenture | 275,000 | 700,922 |
Original issue discount on convertible debentures | 43,500 | 30,900 |
Common shares issued for conversion of debt | $ 1,770,232 | $ 1,447,044 |
1. Organization and Nature of O
1. Organization and Nature of Operations | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
1. Organization and Nature of Operations | 1. Organization and Nature of Operations The accompanying unaudited condensed consolidated financial statements of American Battery Metals Corporation have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (the SEC), including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive consolidated financial statements and should be read in conjunction with our audited consolidated financial statements for the period ended June 30, 2020, included in our Annual Report on Form 10-KT for the period ended June 30, 2020. The Company was incorporated under the laws of the state of Nevada on October 6, 2011 for the purpose of acquiring and developing mineral properties. The Company has a wholly-owned subsidiary called Oroplata Exploraciones E Ingenieria SRL, which was incorporated in the Dominican Republic on January 10, 2012. On July 26, 2016, the Company incorporated Lithortech Resources Inc., a Nevada company, as a wholly-owned subsidiary. The Company currently holds mineral rights in the Western Nevada Basin of Nye County in the state of Nevada. On March 11, 2020, the World Health Organization declared COVID-19 a global pandemic. This contagious disease outbreak and any related adverse public health developments, has adversely affected workforces, economies, and financial markets globally, leading to an economic downturn. The impact on the Company is not currently determinable, but management continues to monitor the situation. Going Concern These condensed consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at September 30, 2020, the Company has not earned any revenue, has a working capital deficit of $3,182,537, and an accumulated deficit of $66,360,155. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Companys future operations. If the Company is able to obtain financing, there is no certainty that terms will be favorable to the Company. These factors raise substantial doubt regarding the Companys ability to continue as a going concern. These unaudited condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
2. Summary of Significant Accou
2. Summary of Significant Accounting Policies | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
2. Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies (a) The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP) and are expressed in U.S. dollars. The Companys fiscal year end is June 30. (b) These condensed consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars. These condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Oroplata Exploraciones E Ingenieria SRL and LithiumOre Corporation (formerly Lithortech Resources Inc). All inter-company accounts and transactions have been eliminated on consolidation. |
3. Convertible Notes Payable
3. Convertible Notes Payable | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
3. Convertible Notes Payable | 3. Convertible Notes Payable September 30, 2020 $ June 30, 2020 $ Eagle Equities, LLC, $147,250 on January 31, 2020, unsecured, bears interest at 10% per annum, due on January 31, 2021, convertible into common stock at 60% of the lowest trading price in the ten trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $137,038) 10,212 GS Capital Partners, LLC, $147,250 on January 31, 2020, unsecured, bears interest at 10% per annum, due on January 31, 2021, convertible into common stock at 40% of the lowest trading price in the twenty trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $134,584) 12,666 GS Capital Partners, LLC, $177,200 on February 7, 2020, unsecured, bears interest at 10% per annum which increases to 22% per annum on default, due on February 7, 2021, convertible into common stock at 60% of the lowest trading price in the twenty trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $165,770) 11,430 Power Up Lending Group Ltd., $83,000 on February 14, 2020, unsecured, bears interest at 10% per annum, due on December 1, 2021, convertible into common stock at 61% of the lowest trading price in the ten trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $76,662) 6,338 Crown Bridge Partners, LLC, $75,000 on February 14, 2020, unsecured, bears interest at 10% per annum, due on February 14, 2021, convertible into common stock at 65% of the lower of the lowest closing bid or the lowest trading price in the twenty trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $70,577) 4,423 BHP Capital NY Inc., $110,000 on February 18, 2020, unsecured, bears interest at 10% per annum, due on February 18, 2021, convertible into common stock at 61% of the lesser of: (i) lowest trading price during the previous twenty trading days before the issue date; or (ii) the lowest trading price during the twenty trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $103,282) 6,718 Jefferson Street Capital, LLC, $110,000 on February 18, 2020, unsecured, bears interest at 10% per annum, due on February 18, 2021, convertible into common stock at 61% of the lesser of: (i) the lowest trading price during the previous twenty trading days before the issue date; or (ii) the lowest trading price during the twenty trading days prior to conversion, unamortized discount of $90,991 (June 30, 2020 - $103,818) 19,009 6,182 September 30, 2020 $ June 30, 2020 $ Odyssey Capital, LLC, $220,000 on February 19, 2020, unsecured, bears interest at 10% per annum, due on February 19, 2021 convertible into common stock at 60% of the lowest closing bid price for the fifteen trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $205,226) 14,774 GS Capital Partners, LLC, $520,000 on March 17, 2020, unsecured, bears interest at 10% per annum, due on March 17, 2021, convertible into common stock at 63% of the lowest trading price in the twenty trading days prior to conversion, unamortized discount of $119,537 (June 30, 2020 - $478,979) 130,463 41,021 Power Up Lending Group Ltd., $78,000 on April 6, 2020, unsecured, bears interest at 12% per annum which increases to 22% per annum on default, due on April 6, 2021, convertible into common stock at 61% of the lowest trading price in the ten trading days prior to conversion, unamortized discount of $68,409 (June 30, 2020 - $75,816) 9,591 2,184 Adar Alef, LLC, $110,000 on April 7, 2020, unsecured, bears interest at 10% per annum, due April 7, 2021, convertible into common stock at 60% of the lowest closing bid price for the fifteen trading days prior to conversion, unamortized discount of $100,110 (June 30, 2020 - $107,464) 9,890 2,536 Auctus Fund, LLC, $150,000 on April 10, 2020, unsecured, bears interest at 10% per annum which increases to 24% per annum on default, due on April 10, 2021, convertible into common stock at 68% of the lowest trading in the twenty trading days prior to conversion, unamortized discount of $136,632 (June 30, 2020 - $146,667) 13,368 3,333 Power Up Lending Group Ltd., $43,000 on April 21, 2020, unsecured, bears interest at 10% per annum which increases to 22% per annum on default, due on April 21, 2021, convertible into common stock at 61% of the lowest trading price during the ten trading days prior to conversion, unamortized discount of $39,615 (June 30, 2020 - $42,176) 3,385 824 Black Ice Advisors, LLC, $115,500 on April 22, 2020, unsecured, bears interest at 10% per annum, due on April 22, 2021, convertible into common stock at 60% of the lowest closing bid price for the fifteen trading days prior to conversion, unamortized discount of $106,709 (June 30, 2020 - $113,318) 8,791 2,182 Efrat Investments, LLC, $125,000 on April 23, 2020, unsecured, bears interest at 10% per annum, due on April 23, 2021, convertible into common stock at 60% of the lowest closing bid price for the fifteen trading days prior to conversion, unamortized discount of $115,613 (June 30, 2020 - $122,674) 9,387 2,326 September 30, 2020 $ June 30, 2020 $ GS Capital Partners, LLC, $520,000 on July 27, 2020, unsecured, bears interest at 10% per annum, due on October 27, 2021 convertible into common stock at 1) fixed price of $0.25 per share during the first 6 months this note is in effect; and 2) 64% of the lowest trading price for the twenty trading days prior to conversion after the 6 th 510,000 GS Capital Partners, LLC, $312,000 on August 14, 2020, unsecured, bears interest at 10% per annum, due on August 14, 2021, convertible into common stock at 1) fixed price of $0.25 per share during the first 6 months this note is in effect; and 2) 64% of the lowest trading price for the twenty trading days prior to conversion after the 6 th 306,000 Jefferson Street Capital, LLC, $302,500 on September 29, 2020, unsecured, bears interest at 1% per annum which increases to 22% per annum on default, due on March 29, 2021, convertible into common stock at the lesser of 1) 70% of the lowest trading price for the ten trading days prior to the issue date of this note or; 2) 70% of the lowest trading price for the ten trading days prior to conversion, unamortized discount of $302,492 (June 30, 2020 - $nil) 8 1,019,892 127,149 During the three months ended September 30, 2020, the Company paid $913,233 (2019 - $221,663) for the settlement of $635,250 (2019 - $163,766) of outstanding principal balance of convertible notes, $30,662 (2019 - $8,966) of accrued interest, $213,599 (2019 - $nil) of financing costs, and $1,418,312 (2019 - $128,013) of derivative liabilities resulting in a gain on settlement of debt of $1,384,590 (2019 - $79,082). |
4. Equipment
4. Equipment | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
4. Equipment | 4. Equipment Vehicle $ Cost: Balance, June 30, 2020 61,916 Additions Balance, September 30, 2020 61,916 Accumulated Depreciation: Balance, June 30, 2019 3,110 Additions 2,601 Balance, September 30, 2020 5,711 Carrying Amounts: Balance, June 30, 2020 58,806 Balance, September 30, 2020 56,205 |
5. Related Party Transactions
5. Related Party Transactions | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
5. Related Party Transactions | 5. Related Party Transactions (a) (b) (c) (d) |
6. Investment in Joint Venture
6. Investment in Joint Venture | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
6. Investment in Joint Venture | 6. Investment in Joint Venture On October 8, 2018, the Company entered into a joint venture agreement with CINC Industries Inc. (CINC), a non-related Nevada company, for a period of five years whereby the joint venture will propagate the sale of a new process for extraction of lithium salt from salt brine solutions using CINCs existing and future processing equipment. As part of the joint venture, each of CINC and the Company holds a 50% interest in the joint venture. CINC is responsible for completing testing on the pilot project, providing training to the Company for use of its processing equipment, manufacturing up to 20 test units, and support and product development, as well as shared costs on other personnel utilized in the joint venture company. The Company is responsible for the initial funding for all equipment and associated expenses, the cost of the lease space, and marketing and sales of the joint venture agreement. As part of the joint venture agreement, the Company issued 250,000 common shares to CINC. The joint venture is committed to acquiring a minimum amount of processing equipment, goods, accessories, and/or materials totaling: (i) $1,000,000 by October 8, 2020; (ii) $3,000,000 by October 8, 2021; (iii) $6,000,000 by October 8, 2022; and (v) $10,000,000 by October 8, 2023. In the event that the joint venture fails to meet the minimum amounts above, the Company will lose the exclusive right to market, promote and sell the processing equipment provided by CINC. While technically still in place, the October 8, 2020 milestone was not met, and the Company does not believe this joint venture agreement will go forward. |
7. Derivative Liabilities
7. Derivative Liabilities | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
7. Derivative Liabilities | 7. Derivative Liabilities The Company records the fair value of the conversion price of the convertible debentures in accordance with ASC 815, Derivatives and Hedging. The fair value of the derivatives was calculated using a multi-nominal lattice model. The fair value of the derivative liabilities is revalued on each balance sheet date with corresponding gains and losses recorded in the consolidated statement of operations. For the three months ended September 30, 2020, the Company recorded a loss on the change in the fair value of derivative liability of $773,886 (2019 - $62,554). As at September 30, 2020, the Company recorded a derivative liability of $2,777,634 (June 30, 2020 - $4,519,654). The following inputs and assumptions were used to value the derivative liabilities outstanding at September 30, 2020 and June 30, 2020: September 30, 2020 June 30, 2020 Expected volatility 134-235% 158-240% Risk free rate 0.11-0.18% 0.16% Expected life (in years) 0.375-1.0 0.5-1.0 A summary of the activity of the derivative liability is shown below: $ Balance, June 30, 2020 4,519,654 Derivative additions associated with convertible notes 275,000 Adjustment for conversion/prepayment (2,790,906) Mark-to-market adjustment 773,886 Balance, September 30, 2020 2,777,634 |
8. Loans Payable
8. Loans Payable | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
8. Loans Payable | 8. Loans Payable (a) (b) |
9. Common Stock
9. Common Stock | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
9. Common Stock | 9. Common Shares The Companys authorized common stock consists of 1,200,000,000 shares of common stock, with par value of $0.001 per share, and authorized Series A preferred stock of 500,000 shares of preferred stock, with par value of $0.001 per share. Period ended September 30, 2020 On July 9, 2020, the Company issued 7,950,000 common shares with a fair value of $941,280 for consulting services. On July 9, 2020, the Company issued 6,081,150 common shares with a fair value of $720,008 for the conversion of $147,250 of note payable, $6,503 of accrued interest, $105 of fees and $614,477 of derivative liability resulting in a gain on settlement of $48,327. On August 18, 2020, the Company issued 2,890,000 common shares with a fair value of $262,990 for consulting services. On August 26, 2020, the Company issued 2,196,822 common shares with a fair value of $193,320 for the conversion of $100,000 of note payable, $5,342 of accrued interest, $105 of fees and $110,007 of derivative liability resulting in a gain on settlement of $22,134. On August 27, 2020, the Company issued 5,055,132 common shares for the exercise of cashless warrants. On September 16, 2020, the Company issued 1,696,856 common shares with a fair value of $157,808 for the conversion of $77,200 of note payable, $4,931 of accrued interest, $105 of fees and $87,842 of derivative liability resulting in a gain on settlement of $12,270. On September 29, 2020, the Company issued 2,400,000 common shares with a fair value of $378,000 for consulting services, including 2,000,000 common shares with a fair value of $315,000 issued to a director of the Company as management fee. On September 30, 2020, the Company issued 5,178,487 common shares with a fair value of $699,096 for the conversion of $270,000 of note payable, $13,833 of accrued interest, $105 of fees and $560,268 of derivative liability resulting in a gain on settlement of $145,110. During the three months ended September 30, 2020, the Company issued 60,625,000 units for proceeds of $2,450,000 received during the year ended June 30, 2020. Each unit is comprised of one common share of the Company and 0.8 share purchase warrant where each whole share purchase warrant can be exercised into one common share of the Company at $0.15 per share until October 31, 2024. As at September 30, 2020, the Company received share subscriptions of $1,343,750 for the future issuance of private placement units at $50,000 per unit, where each unit is comprised of 5,000 shares of Series C Preferred Stock (each share of Series C Preferred Stock is convertible into 80 shares of common stock) and a warrant to purchase 400,000 common shares of the Company at $0.075 per share until December 31, 2023. Period ended September 30, 2019 On July 8, 2019, the Company issued 1,650,000 common shares with a fair value of $396,000 for consulting services. On July 15, 2019, the Company issued 1,352,240 common shares with a fair value of $311,015 as part of a conversion of $190,000 of convertible notes payable, $11,192 of accrued interest and derivative liability of $133,574, resulting in a gain on settlement of debt of $23,750. On July 19, 2019, the Company issued 1,414.000 common shares with a fair value of $162,610 as part of the conversion of $136,100 of convertible notes payable and $26,510 of accrued interest. On July 30, 2019, the Company issued 160,552 common shares with a fair value of $27,294 for the settlement of $15,000 of convertible notes payable, conversion fees of $500, accrued interest of $9, and derivative liability of $12,388 resulting in a gain on settlement of debt of $603. On July 31, 2019, the Company issued 129,453 common shares with a fair value of $23,302 for the settlement of $12,500 of convertible notes payable and $10,853 of derivative liability resulting in a gain on settlement of debt of $51. On August 1, 2019, the Company issued 300,000 common shares with a fair value of $54,000 for consulting services. On August 8, 2019, the Company issued 196,711 common shares with a fair value of $34,424 for the settlement of $20,000 of convertible notes payable, conversion fees of $500, and derivative liability of $13,998 resulting in a gain on settlement of debt of $74. On August 12, 2019, the Company issued 167,946 common shares with a fair value of $28,551 for the settlement of $17,500 of convertible notes payable and $11,110 of derivative liability resulting in a gain on settlement of debt of $59. On August 21, 2019, the Company issued 1,500,000 common shares with a fair value of $226,500 for consulting services including 1,000,000 common shares with a fair value of $151,000 to the Chief Executive Officer of the Company. On August 22, 2019, the Company issued 1,233,035 common shares with a fair value of $188,038 for the conversion of $110,000 of convertible notes payable, $6,781 of accrued interest, and $76,580 of derivative liability resulting in a gain on settlement of debt of $5,223. On August 27, 2019, the Company issued 310,606 common shares with a fair value of $34,167 for the conversion of $20,000 of convertible notes payable, conversion fees of $500, and derivative liability of $13,717 resulting in a gain on settlement of debt of $50. On August 27, 2019, the Company issued 303,030 common shares with a fair value of $33,333 for the conversion of $20,000 of convertible notes payable and $13,383 of derivative liability resulting in a gain on settlement of debt of $50. On September 3, 2019, the Company issued 507,826 common shares with a fair value of $49,513 for the settlement of $30,000 of convertible notes payable, conversion fees of $500, and derivative liability of $19,078 resulting in a gain on settlement of debt of $65. On September 3, 2019, the Company issued 249,727 common shares with a fair value of $24,348 for the settlement of $15,000 of convertible notes payable, $988 of accrued interest, and $9,149 of derivative liability resulting in a gain on settlement of debt of $789. On September 5, 2019, the Company issued 504,919 common shares with a fair value of $40,394 for the settlement of $25,000 of convertible notes payable, $1,660 of accrued interest, and $15,344 of derivative liability resulting in a gain on settlement of debt of $1,610. On September 6, 2019, the Company issued 388,257 common shares with a fair value of $29,090 for the settlement of $20,000 of convertible notes payable, conversion fees of $500, and derivative liability of $8,620 resulting in a gain on settlement of debt of $40. On September 9, 2019, the Company issued 622,086 common shares with a fair value of $42,862 for the settlement of $25,000 of convertible notes payable, $1,688 of accrued interest, and $17,260 of derivative liability resulting in a gain on settlement of debt of $1,086. On September 11, 2019, the Company issued 426,997 common shares with a fair value of $43,554 for the settlement of $15,000 of convertible notes payable, $500 of conversion fees, and $28,080 of derivative liability resulting in a gain on settlement of debt of $25. On September 11, 2019, the Company issued 471,763 common shares with a fair value of $48,120 for the settlement of $12,500 of convertible notes payable, $500 of conversion fees, and $2,913 of accrued interest and derivative liability resulting in a loss on settlement of debt of $32,207. On September 11, 2019, the Company issued 650,000 common shares with a fair value of $66,300 for the settlement of $17,375 of convertible notes payable, $500 of conversion fees, and $49,683 of derivative liability resulting in a gain on settlement of debt of $1,258. On September 13, 2019, the Company issued 200,000 common shares with a fair value of $14,000 for consulting services. On September 16, 2019, the Company issued 736,532 common shares with a fair value of $51,395 for the settlement of $30,000 of convertible notes payable, $2,100 of accrued interest, and $50,051 of derivative liability resulting in a gain on settlement of debt of $2,564. On September 17, 2019, the Company issued 1,619,344 common shares with a fair value of $100,399 for the settlement of $55,000 of convertible notes payable, $3,782 of accrued interest, and $50,872 of derivative liability resulting in a gain on settlement of debt of $9,255. On September 17, 2019, the Company issued 463,843 common shares with a fair value of $28,758 for the settlement of $10,000 of convertible notes payable, $500 of conversion fees, $6,338 of accrued interest, and $1,487 of derivative liability resulting in a loss on settlement of debt of $10,433. On September 18, 2019, the Company issued 884,298 common shares with a fair value of $79,587 for the settlement of $30,000 of convertible notes payable, $2,100 of accrued interest, and $50,051 of derivative liability resulting in a gain on settlement of debt of $2,564. |
10. Share Purchase Warrants
10. Share Purchase Warrants | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
10. Share Purchase Warrants | 10. Share Purchase Warrants Number of warrants Weighted average exercise price $ Balance, June 30, 2020 8,603,112 0.14 Issued 48,500,000 0.15 Exercised (250,000) 0.17 Balance, September 30, 2020 56,853,112 0.15 Additional information regarding share purchase warrants as of September 30, 2020, is as follows: Outstanding and exercisable Range of Exercise Prices $ Number of Warrants Weighted Average Remaining Contractual Life (years) 0.075 51,500,000 3.7 0.10 3,250,000 0.16 0.15 1,500,000 0.09 0.18 361,112 0.02 0.50 242,000 0.0 56,853,112 3.97 |
11. Subsequent Events
11. Subsequent Events | 3 Months Ended |
Sep. 30, 2020 | |
Notes | |
11. Subsequent Events | 11. Subsequent Events (a) (b) (c) (d) |
1. Organization and Nature of_2
1. Organization and Nature of Operations: Going Concern (Policies) | 3 Months Ended |
Sep. 30, 2020 | |
Policies | |
Going Concern | Going Concern These condensed consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. As at September 30, 2020, the Company has not earned any revenue, has a working capital deficit of $3,182,537, and an accumulated deficit of $66,360,155. The continuation of the Company as a going concern is dependent upon the continued financial support from its management, and its ability to identify future investment opportunities and obtain the necessary debt or equity financing, and generating profitable operations from the Companys future operations. If the Company is able to obtain financing, there is no certainty that terms will be favorable to the Company. These factors raise substantial doubt regarding the Companys ability to continue as a going concern. These unaudited condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
2. Summary of Significant Acc_2
2. Summary of Significant Accounting Policies: Basis of Presentation (Policies) | 3 Months Ended |
Sep. 30, 2020 | |
Policies | |
Basis of Presentation | (a) The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States (US GAAP) and are expressed in U.S. dollars. The Companys fiscal year end is June 30. |
2. Summary of Significant Acc_3
2. Summary of Significant Accounting Policies: Principles of Consolidation (Policies) | 3 Months Ended |
Sep. 30, 2020 | |
Policies | |
Principles of Consolidation | (b) These condensed consolidated financial statements and related notes are presented in accordance with accounting principles generally accepted in the United States and are expressed in U.S. dollars. These condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Oroplata Exploraciones E Ingenieria SRL and LithiumOre Corporation (formerly Lithortech Resources Inc). All inter-company accounts and transactions have been eliminated on consolidation. |
3. Convertible Notes Payable_ S
3. Convertible Notes Payable: Schedule of Convertible Debt (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Tables/Schedules | |
Schedule of Convertible Debt | September 30, 2020 $ June 30, 2020 $ Eagle Equities, LLC, $147,250 on January 31, 2020, unsecured, bears interest at 10% per annum, due on January 31, 2021, convertible into common stock at 60% of the lowest trading price in the ten trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $137,038) 10,212 GS Capital Partners, LLC, $147,250 on January 31, 2020, unsecured, bears interest at 10% per annum, due on January 31, 2021, convertible into common stock at 40% of the lowest trading price in the twenty trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $134,584) 12,666 GS Capital Partners, LLC, $177,200 on February 7, 2020, unsecured, bears interest at 10% per annum which increases to 22% per annum on default, due on February 7, 2021, convertible into common stock at 60% of the lowest trading price in the twenty trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $165,770) 11,430 Power Up Lending Group Ltd., $83,000 on February 14, 2020, unsecured, bears interest at 10% per annum, due on December 1, 2021, convertible into common stock at 61% of the lowest trading price in the ten trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $76,662) 6,338 Crown Bridge Partners, LLC, $75,000 on February 14, 2020, unsecured, bears interest at 10% per annum, due on February 14, 2021, convertible into common stock at 65% of the lower of the lowest closing bid or the lowest trading price in the twenty trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $70,577) 4,423 BHP Capital NY Inc., $110,000 on February 18, 2020, unsecured, bears interest at 10% per annum, due on February 18, 2021, convertible into common stock at 61% of the lesser of: (i) lowest trading price during the previous twenty trading days before the issue date; or (ii) the lowest trading price during the twenty trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $103,282) 6,718 Jefferson Street Capital, LLC, $110,000 on February 18, 2020, unsecured, bears interest at 10% per annum, due on February 18, 2021, convertible into common stock at 61% of the lesser of: (i) the lowest trading price during the previous twenty trading days before the issue date; or (ii) the lowest trading price during the twenty trading days prior to conversion, unamortized discount of $90,991 (June 30, 2020 - $103,818) 19,009 6,182 September 30, 2020 $ June 30, 2020 $ Odyssey Capital, LLC, $220,000 on February 19, 2020, unsecured, bears interest at 10% per annum, due on February 19, 2021 convertible into common stock at 60% of the lowest closing bid price for the fifteen trading days prior to conversion, unamortized discount of $nil (June 30, 2020 - $205,226) 14,774 GS Capital Partners, LLC, $520,000 on March 17, 2020, unsecured, bears interest at 10% per annum, due on March 17, 2021, convertible into common stock at 63% of the lowest trading price in the twenty trading days prior to conversion, unamortized discount of $119,537 (June 30, 2020 - $478,979) 130,463 41,021 Power Up Lending Group Ltd., $78,000 on April 6, 2020, unsecured, bears interest at 12% per annum which increases to 22% per annum on default, due on April 6, 2021, convertible into common stock at 61% of the lowest trading price in the ten trading days prior to conversion, unamortized discount of $68,409 (June 30, 2020 - $75,816) 9,591 2,184 Adar Alef, LLC, $110,000 on April 7, 2020, unsecured, bears interest at 10% per annum, due April 7, 2021, convertible into common stock at 60% of the lowest closing bid price for the fifteen trading days prior to conversion, unamortized discount of $100,110 (June 30, 2020 - $107,464) 9,890 2,536 Auctus Fund, LLC, $150,000 on April 10, 2020, unsecured, bears interest at 10% per annum which increases to 24% per annum on default, due on April 10, 2021, convertible into common stock at 68% of the lowest trading in the twenty trading days prior to conversion, unamortized discount of $136,632 (June 30, 2020 - $146,667) 13,368 3,333 Power Up Lending Group Ltd., $43,000 on April 21, 2020, unsecured, bears interest at 10% per annum which increases to 22% per annum on default, due on April 21, 2021, convertible into common stock at 61% of the lowest trading price during the ten trading days prior to conversion, unamortized discount of $39,615 (June 30, 2020 - $42,176) 3,385 824 Black Ice Advisors, LLC, $115,500 on April 22, 2020, unsecured, bears interest at 10% per annum, due on April 22, 2021, convertible into common stock at 60% of the lowest closing bid price for the fifteen trading days prior to conversion, unamortized discount of $106,709 (June 30, 2020 - $113,318) 8,791 2,182 Efrat Investments, LLC, $125,000 on April 23, 2020, unsecured, bears interest at 10% per annum, due on April 23, 2021, convertible into common stock at 60% of the lowest closing bid price for the fifteen trading days prior to conversion, unamortized discount of $115,613 (June 30, 2020 - $122,674) 9,387 2,326 September 30, 2020 $ June 30, 2020 $ GS Capital Partners, LLC, $520,000 on July 27, 2020, unsecured, bears interest at 10% per annum, due on October 27, 2021 convertible into common stock at 1) fixed price of $0.25 per share during the first 6 months this note is in effect; and 2) 64% of the lowest trading price for the twenty trading days prior to conversion after the 6 th 510,000 GS Capital Partners, LLC, $312,000 on August 14, 2020, unsecured, bears interest at 10% per annum, due on August 14, 2021, convertible into common stock at 1) fixed price of $0.25 per share during the first 6 months this note is in effect; and 2) 64% of the lowest trading price for the twenty trading days prior to conversion after the 6 th 306,000 Jefferson Street Capital, LLC, $302,500 on September 29, 2020, unsecured, bears interest at 1% per annum which increases to 22% per annum on default, due on March 29, 2021, convertible into common stock at the lesser of 1) 70% of the lowest trading price for the ten trading days prior to the issue date of this note or; 2) 70% of the lowest trading price for the ten trading days prior to conversion, unamortized discount of $302,492 (June 30, 2020 - $nil) 8 1,019,892 127,149 |
4. Equipment_ Schedule of Equip
4. Equipment: Schedule of Equipment (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Tables/Schedules | |
Schedule of Equipment | Vehicle $ Cost: Balance, June 30, 2020 61,916 Additions Balance, September 30, 2020 61,916 Accumulated Depreciation: Balance, June 30, 2019 3,110 Additions 2,601 Balance, September 30, 2020 5,711 Carrying Amounts: Balance, June 30, 2020 58,806 Balance, September 30, 2020 56,205 |
7. Derivative Liabilities_ Sche
7. Derivative Liabilities: Schedule of inputs and assumptions used to value the derivative liabilities (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Tables/Schedules | |
Schedule of inputs and assumptions used to value the derivative liabilities | September 30, 2020 June 30, 2020 Expected volatility 134-235% 158-240% Risk free rate 0.11-0.18% 0.16% Expected life (in years) 0.375-1.0 0.5-1.0 |
7. Derivative Liabilities_ Sc_2
7. Derivative Liabilities: Schedule of activity of the derivative liabilities (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Tables/Schedules | |
Schedule of activity of the derivative liabilities | $ Balance, June 30, 2020 4,519,654 Derivative additions associated with convertible notes 275,000 Adjustment for conversion/prepayment (2,790,906) Mark-to-market adjustment 773,886 Balance, September 30, 2020 2,777,634 |
10. Share Purchase Warrants_ Sc
10. Share Purchase Warrants: Schedule of Share Purchase Warrants (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Tables/Schedules | |
Schedule of Share Purchase Warrants | Number of warrants Weighted average exercise price $ Balance, June 30, 2020 8,603,112 0.14 Issued 48,500,000 0.15 Exercised (250,000) 0.17 Balance, September 30, 2020 56,853,112 0.15 |
10. Share Purchase Warrants_ _2
10. Share Purchase Warrants: Schedule of Additional information regarding share purchase warrants (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Tables/Schedules | |
Schedule of Additional information regarding share purchase warrants | Outstanding and exercisable Range of Exercise Prices $ Number of Warrants Weighted Average Remaining Contractual Life (years) 0.075 51,500,000 3.7 0.10 3,250,000 0.16 0.15 1,500,000 0.09 0.18 361,112 0.02 0.50 242,000 0.0 56,853,112 3.97 |
1. Organization and Nature of_3
1. Organization and Nature of Operations: Going Concern (Details) - USD ($) | Sep. 30, 2020 | Jun. 30, 2020 |
Details | ||
Working capital deficit | $ 3,182,537 | |
Accumulated deficit | $ (66,360,155) | $ (63,208,946) |
5. Related Party Transactions (
5. Related Party Transactions (Details) - USD ($) | Sep. 30, 2020 | Jun. 30, 2020 |
Related Party #1 | ||
Due to Related Parties | $ 120,146 | $ 120,146 |
Related Party #2 | ||
Due to Related Parties | 85,500 | 85,500 |
Related Party #3 | ||
Due to Related Parties | 142,084 | 388,577 |
Related Party #4 | ||
Due to Related Parties | $ 30,726 | $ 30,726 |
7. Derivative Liabilities (Deta
7. Derivative Liabilities (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | Jun. 30, 2020 | |
Details | |||
Change in fair value of derivative liability | $ (773,886) | $ (62,554) | $ (62,554) |
Derivative Liability, Current | $ 2,777,634 | $ 4,519,654 |
7. Derivative Liabilities_ Sc_3
7. Derivative Liabilities: Schedule of inputs and assumptions used to value the derivative liabilities (Details) - Derivative liabilities | 3 Months Ended | 12 Months Ended |
Sep. 30, 2020 | Jun. 30, 2020 | |
Fair Value Assumptions, Expected Volatility Rate | 1.5800 | |
Fair Value Assumptions, Risk Free Interest Rate | 0.0016 | |
Expected life (in years) | 1 year | |
Minimum | ||
Fair Value Assumptions, Expected Volatility Rate | 1.3400 | |
Fair Value Assumptions, Risk Free Interest Rate | 0.0011 | |
Expected life (in years) | 4 months 15 days | |
Maximum | ||
Fair Value Assumptions, Expected Volatility Rate | 2.3500 | |
Fair Value Assumptions, Risk Free Interest Rate | 0.0018 | |
Expected life (in years) | 1 year |
7. Derivative Liabilities_ Sc_4
7. Derivative Liabilities: Schedule of activity of the derivative liabilities (Details) | 3 Months Ended |
Sep. 30, 2020USD ($) | |
Details | |
Derivative Liabilities, starting balance | $ 4,519,654 |
Derivative additions associated with convertible notes | 275,000 |
Adjustment for conversion | (2,790,906) |
Mark-to-market adjustments | 773,886 |
Derivative Liabilities, ending balance | $ 2,777,634 |
8. Loans Payable (Details)
8. Loans Payable (Details) - USD ($) | 3 Months Ended | |
Sep. 30, 2020 | Jun. 30, 2020 | |
Loan Payable #1 | ||
Debt Instrument, Issuance Date | Jan. 27, 2020 | |
Debt Instrument, Description | finance loan agreement | |
Debt Instrument, Interest Rate, Stated Percentage | 7.99% | |
Long-term Debt | $ 57,142 | $ 59,236 |
Interest Payable, Current | $ 8,755 | $ 8,580 |
Loan Payable #2 | ||
Debt Instrument, Issuance Date | May 7, 2020 | |
Debt Instrument, Description | from the U.S. Small Business Administration as part of the Coronavirus Aid Relief and Economic Security (“CARES”) Act Paycheck Protection Program | |
Debt Instrument, Interest Rate, Stated Percentage | 1.00% | |
Debt Instrument, Face Amount | $ 255,992 | |
Debt Instrument, Collateral | unsecured |
9. Common Stock (Details)
9. Common Stock (Details) - $ / shares | Sep. 30, 2020 | Jun. 30, 2020 |
Details | ||
Common Stock, Shares Authorized | 1,200,000,000 | 1,200,000,000 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized | 500,000 | 500,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
10. Share Purchase Warrants_ _3
10. Share Purchase Warrants: Schedule of Share Purchase Warrants (Details) | 3 Months Ended |
Sep. 30, 2020$ / sharesshares | |
Details | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance | shares | 8,603,112 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ / shares | $ 0.14 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | shares | 48,500,000 |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares | $ 0.15 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | shares | (250,000) |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares | $ 0.17 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | shares | 56,853,112 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares | $ 0.15 |
10. Share Purchase Warrants_ _4
10. Share Purchase Warrants: Schedule of Additional information regarding share purchase warrants (Details) | 3 Months Ended |
Sep. 30, 2020shares | |
Number of Warrants Outstanding and Exercisable | 56,853,112 |
Weighted Average Remaining Contractual Life (years) | 3 years 11 months 19 days |
0.075 | |
Number of Warrants Outstanding and Exercisable | 51,500,000 |
Weighted Average Remaining Contractual Life (years) | 3 years 8 months 12 days |
0.10 | |
Number of Warrants Outstanding and Exercisable | 3,250,000 |
Weighted Average Remaining Contractual Life (years) | 1 month 28 days |
0.15 | |
Number of Warrants Outstanding and Exercisable | 1,500,000 |
Weighted Average Remaining Contractual Life (years) | 1 month 2 days |
0.18 | |
Number of Warrants Outstanding and Exercisable | 361,112 |
Weighted Average Remaining Contractual Life (years) | 7 days |
0.50 | |
Number of Warrants Outstanding and Exercisable | 242,000 |
Weighted Average Remaining Contractual Life (years) | 0 years |
11. Subsequent Events (Details)
11. Subsequent Events (Details) - shares | Jun. 30, 2020 | Sep. 30, 2020 |
Event 1 | ||
Subsequent Event, Date | Oct. 1, 2020 | |
Subsequent Event, Description | Company purchased land for $900,000 | |
Event 2 | ||
Subsequent Event, Date | Oct. 9, 2020 | |
Subsequent Event, Description | Company issued 4,805,558 common shares | |
Stock Issued During Period, Shares, New Issues | 4,805,558 | |
Event 3 | ||
Subsequent Event, Date | Oct. 20, 2020 | |
Subsequent Event, Description | Company issued 1,326,098 common shares | |
Stock Issued During Period, Shares, New Issues | 1,326,098 | |
Event 4 | ||
Subsequent Event, Date | Sep. 30, 2020 | |
Subsequent Event, Description | Company received $820,750 of subscription proceeds |