Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Mar. 31, 2021 | May 13, 2021 | |
Cover [Abstract] | ||
Entity Registrant Name | AMERICAN BATTERY METALS CORP | |
Entity Central Index Key | 0001576873 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2021 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
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 Common Stock, Shares Outstanding | 564,882,727 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2021 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2021 | Jun. 30, 2020 |
Current assets | ||
Cash | $ 6,949,269 | $ 829,924 |
Prepaid expenses | 489,366 | 237,334 |
Total current assets | 7,438,635 | 1,067,258 |
Investment in joint venture | 35,250 | 35,250 |
Property and equipment | 1,162,445 | 58,806 |
Intangible assets | 817,000 | |
Total assets | 9,453,330 | 1,161,314 |
Current liabilities | ||
Accounts payable and accrued liabilities | 635,435 | 514,838 |
Due to related parties | 205,646 | 624,949 |
Derivative liability | 4,519,654 | |
Notes payable, net of unamortized discount of $nil and $2,084,051, respectively | 127,149 | |
Current portion of loans payable | 8,580 | |
Total current liabilities | 841,081 | 5,795,170 |
Loans payable | 255,992 | 306,648 |
Total liabilities | 1,097,073 | 6,101,818 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Common Stock Authorized: 1,200,000,000 common shares, par value of $0.001 per share Issued and outstanding: 544,868,931 and 365,191,213 common shares, respectively | 544,866 | 365,191 |
Additional paid-in capital | 104,710,521 | 55,452,951 |
Share subscriptions received | 93,750 | 2,450,000 |
Deficit | (99,395,380) | (63,208,946) |
Total stockholders' equity (deficit) | 8,356,257 | (4,940,504) |
Total liabilities and stockholders' equity (deficit) | 9,453,330 | 1,161,314 |
Series A Preferred Stock [Member] | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred stock, value | 500 | 300 |
Total stockholders' equity (deficit) | 500 | 300 |
Series C Preferred Stock [Member] | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred stock, value | 2,402,000 | |
Total stockholders' equity (deficit) | $ 2,402,000 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) | Mar. 31, 2021 | Jun. 30, 2020 |
Note payable. unamortized discount | $ 2,084,051 | |
Common stock, shares authorized | 1,200,000,000 | 1,200,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 544,868,931 | 365,191,213 |
Common stock, shares outstanding | 544,868,931 | 365,191,213 |
Series A Preferred Stock [Member] | ||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares issued | 500,000 | 300,000 |
Preferred stock, shares outstanding | 500,000 | 300,000 |
Series C Preferred Stock [Member] | ||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, par value | $ 10 | $ 10 |
Preferred stock, shares issued | 240,200 | 0 |
Preferred stock, shares outstanding | 240,200 | 0 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | |
Expenses | ||||
Exploration costs | $ 211 | $ 229,335 | $ 109,910 | $ 564,014 |
General and administrative | 6,806,803 | 1,786,600 | 31,727,157 | 3,929,689 |
Net loss from operations | (6,807,014) | (2,015,935) | (31,837,067) | (4,493,703) |
Other income (expense) | ||||
Accretion and interest expense | (713,970) | (2,503,804) | (2,914,470) | (4,723,881) |
Change in fair value of derivative liability | (12,637,125) | (3,558,652) | (19,655,296) | (4,498,166) |
Gain (loss) on settlement of debt | 15,220,668 | 565,405 | 18,683,279 | 779,455 |
Financing cost | (41) | (405,137) | ||
Other income | 1,396 | 1,396 | 3,746 | |
Other expense | (51,270) | (59,139) | ||
Total other income (expense) | 1,819,658 | (5,497,051) | (4,349,367) | (8,438,846) |
Net loss | $ (4,987,356) | $ (7,512,986) | $ (36,186,434) | $ (12,932,549) |
Net loss per share, basic and diluted | $ (0.01) | $ (0.03) | $ (0.08) | $ (0.07) |
Weighted average shares outstanding, basic and diluted | 506,775,985 | 266,995,894 | 476,505,278 | 179,486,439 |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Series A Preferred Stock [Member] | Series C Preferred Stock [Member] | Common Stock [Member] | Additional Paid-In Capital [Member] | Share Subscriptions Received [Member] | Share Subscriptions Receivable [Member] | Deficit [Member] | Total |
Balance at Jun. 30, 2019 | $ 116,235 | $ 42,849,297 | $ (47,419,040) | $ (4,453,508) | ||||
Balance, shares at Jun. 30, 2019 | 116,234,968 | |||||||
Issuance of preferred shares | $ 300 | (300) | ||||||
Issuance of preferred shares, shares | 300,000 | |||||||
Shares issued for services | $ 26,446 | 1,587,022 | 1,613,468 | |||||
Shares issued for services, shares | 26,446,200 | |||||||
Shares issued for exercise of warrants | $ 4,311 | (4,311) | ||||||
Shares issued for exercise of warrants, shares | 4,310,807 | |||||||
Shares issued pursuant to note conversion | $ 181,426 | 9,580,114 | 9,761,540 | |||||
Shares issued pursuant to note conversion, shares | 181,426,905 | |||||||
Share subscriptions received | 1,125,000 | 1,125,000 | ||||||
Share purchase warrants issued | 153,315 | 153,315 | ||||||
Net loss for the period | (12,932,549) | (12,932,549) | ||||||
Balance at Mar. 31, 2020 | $ 300 | $ 328,418 | 54,165,137 | 1,125,000 | (60,351,589) | (4,732,734) | ||
Balance, shares at Mar. 31, 2020 | 300,000 | 328,418,880 | ||||||
Balance at Dec. 31, 2019 | $ 300 | $ 170,789 | 46,433,738 | 275,000 | (52,838,603) | (5,958,776) | ||
Balance, shares at Dec. 31, 2019 | 300,000 | 170,789,875 | ||||||
Shares issued for services | $ 17,236 | 672,212 | 689,448 | |||||
Shares issued for services, shares | 17,236,200 | |||||||
Shares issued for exercise of warrants | $ 1,314 | (1,314) | ||||||
Shares issued for exercise of warrants, shares | 1,313,822 | |||||||
Shares issued pursuant to note conversion | $ 139,079 | 7,001,975 | 7,141,054 | |||||
Shares issued pursuant to note conversion, shares | 139,078,983 | |||||||
Share subscriptions received | 850,000 | 850,000 | ||||||
Share purchase warrants issued | 58,526 | 58,526 | ||||||
Net loss for the period | (7,512,986) | (7,512,986) | ||||||
Balance at Mar. 31, 2020 | $ 300 | $ 328,418 | 54,165,137 | 1,125,000 | (60,351,589) | (4,732,734) | ||
Balance, shares at Mar. 31, 2020 | 300,000 | 328,418,880 | ||||||
Balance at Jun. 30, 2020 | $ 300 | $ 365,191 | 55,452,951 | 2,450,000 | (63,208,946) | $ (4,940,504) | ||
Balance, shares at Jun. 30, 2020 | 300,000 | 365,191,213 | ||||||
Issuance of preferred shares, shares | 60,625,000 | 16,250,000 | ||||||
Shares issued for services | $ 200 | $ 33,650 | 27,038,312 | $ 27,072,162 | ||||
Shares issued for services, shares | 200,000 | 33,650,036 | ||||||
Shares issued for exercise of warrants | $ 43,096 | 488,154 | 531,250 | |||||
Shares issued for exercise of warrants, shares | 43,097,680 | |||||||
Shares issued from private placement | $ 2,414,500 | $ 60,625 | 2,389,375 | (2,450,000) | 2,414,500 | |||
Shares issued from private placement, shares | 241,450 | 60,625,000 | ||||||
Shares issued pursuant to note conversion | $ 400,000 | $ 22,685 | 7,890,707 | 8,313,392 | ||||
Shares issued pursuant to note conversion, shares | 40,000 | 22,685,750 | ||||||
Shares issued pursuant to Series C preferred shares conversion | $ (412,500) | $ 3,300 | 409,200 | |||||
Shares issued pursuant to Series C preferred shares conversion, shares | (41,250) | 3,300,000 | ||||||
Shares issued pursuant to share purchase agreement | $ 16,250 | 10,415,388 | 10,431,638 | |||||
Shares issued pursuant to share purchase agreement, shares | 16,250,000 | |||||||
Shares issued pursuant to property purchase agreement | $ 69 | 271,710 | 271,779 | |||||
Shares issued pursuant to property purchase agreement, shares | 69,252 | |||||||
Share subscriptions received | 93,750 | 93,750 | ||||||
Share purchase warrants issued | 83,724 | 83,724 | ||||||
Beneficial conversion feature on convertible debts | 271,000 | 271,000 | ||||||
Net loss for the period | (36,127,295) | (36,186,434) | ||||||
Dividends declared | (59,139) | (59,139) | ||||||
Balance at Mar. 31, 2021 | $ 500 | $ 2,402,000 | $ 544,866 | 104,710,521 | 93,750 | (99,395,380) | 8,356,257 | |
Balance, shares at Mar. 31, 2021 | 500,000 | 240,200 | 544,868,931 | |||||
Balance at Dec. 31, 2020 | $ 500 | $ 2,814,500 | $ 502,622 | 84,517,981 | 35,000 | (6,250) | (94,408,024) | (6,543,671) |
Balance, shares at Dec. 31, 2020 | 500,000 | 281,450 | 502,622,746 | |||||
Shares issued for services | $ 2,510 | 4,457,182 | (35,000) | 4,424,692 | ||||
Shares issued for services, shares | 2,510,036 | |||||||
Shares issued for exercise of warrants | $ 30,715 | 500,535 | 531,250 | |||||
Shares issued for exercise of warrants, shares | 30,716,118 | |||||||
Shares issued pursuant to note conversion | $ 1,400 | 5,326,525 | 5,327,925 | |||||
Shares issued pursuant to note conversion, shares | 1,400,779 | |||||||
Shares issued pursuant to Series C preferred shares conversion | $ (412,500) | $ 3,300 | 409,200 | |||||
Shares issued pursuant to Series C preferred shares conversion, shares | (41,250) | 3,300,000 | ||||||
Shares issued pursuant to share purchase agreement | $ 4,250 | 9,227,388 | 9,231,638 | |||||
Shares issued pursuant to share purchase agreement, shares | 4,250,000 | |||||||
Shares issued pursuant to property purchase agreement | $ 69 | 271,710 | 271,779 | |||||
Shares issued pursuant to property purchase agreement, shares | 69,252 | |||||||
Share subscriptions received | 93,750 | 6,250 | 100,000 | |||||
Net loss for the period | (4,936,086) | (4,987,356) | ||||||
Dividends declared | (51,270) | (51,270) | ||||||
Balance at Mar. 31, 2021 | $ 500 | $ 2,402,000 | $ 544,866 | $ 104,710,521 | $ 93,750 | $ (99,395,380) | $ 8,356,257 | |
Balance, shares at Mar. 31, 2021 | 500,000 | 240,200 | 544,868,931 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Operating Activities | ||
Net loss | $ (36,186,434) | $ (12,932,549) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Accretion expense | 2,803,429 | 4,280,275 |
Change in fair value of derivative liability | 19,655,296 | 4,498,166 |
Gain on settlement of debt | (18,683,279) | (779,455) |
Shares issued for services | 27,072,162 | 1,613,468 |
Discount on convertible notes payable | 73,500 | 344,583 |
Warrants issued | 83,724 | 153,315 |
Dividends declared | 59,139 | |
Depreciation | 7,741 | |
Changes in operating assets and liabilities: | ||
Prepaid expenses | (184,253) | (84,768) |
Accounts payable and accrued liabilities | 561,498 | 312,561 |
Due to related parties | (419,303) | (31,406) |
Net Cash Used In Operating Activities | (5,156,780) | (2,625,810) |
Investing Activities | ||
Acquisition of water rights | (817,000) | |
Acquisition of land | (907,380) | |
Net Cash Used In Investing Activities | (1,724,380) | |
Financing Activities | ||
Proceeds from issuance of convertible notes payable | 1,350,000 | 2,834,450 |
Proceeds from exercise of share purchase warrants | 531,250 | |
Proceeds from share purchase agreement | 10,431,638 | |
Repayment of convertible notes payable | (1,761,397) | (1,067,956) |
Repayment of loan payable | (59,236) | |
Proceeds from private placement | 2,508,250 | 1,125,000 |
Net Cash Provided By Financing Activities | 13,000,505 | 2,891,494 |
Change in Cash | 6,119,345 | 265,684 |
Cash - Beginning | 829,924 | 16,690 |
Cash - End | 6,949,269 | 282,374 |
Supplemental disclosures: | ||
Interest paid | 63,216 | 46,817 |
Income taxes paid | ||
Non-cash investing and financing activities: | ||
Discount on convertible debenture | 403,378 | 3,081,542 |
Original issuance discount on convertible debentures | 51,000 | 129,700 |
Beneficial conversion feature on convertible debentures | 271,000 | |
Common shares issued for conversion of debt | 7,913,392 | 9,592,907 |
Common shares issued for conversion of Series C preferred shares | 412,500 | |
Common shares issued for property purchase | 271,779 | |
Series C preferred shares issued for conversion of debt | $ 400,000 |
Organization and Nature of Oper
Organization and Nature of Operations | 9 Months Ended |
Mar. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Nature of Operations | 1. Organization and Nature of Operations The accompanying 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 LithiumOre Corporation (formerly 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 has not been significant, 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 March 31, 2021, the Company has not earned any revenue, used $5,156,780 of cash in operating activities, and has an accumulated deficit of $99,395,380. 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 Company’s 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 Company’s ability to continue as a going concern. These 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. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | 2. Summary of Significant Accounting Policies (a) Basis of Presentation The condensed consolidated financial statements and related notes of the Company have been prepared and presented in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is June 30. 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. (b) Use of Estimates The preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the fair value of stock-based compensation, the determination of the useful lives and recoverability of property and equipment, intangible assets, and valuation of derivative liability. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. (c) Intangible Assets Intangible assets include water rights that are measured at cost less accumulated impairment losses. These intangible assets have been assessed with indefinite lives from the date that they are available for use, since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset. Useful lives and residual values are reviewed at each financial year end and adjusted if appropriate. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. |
Convertible Notes Payable
Convertible Notes Payable | 9 Months Ended |
Mar. 31, 2021 | |
Debt Disclosure [Abstract] | |
Convertible Notes Payable | 3. Convertible Notes Payable March 31, June 30, 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 $nil (June 30, 2020 - $103,818) – 6,182 March 31, June 30, 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 $nil (June 30, 2020 - $478,979) – 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 $nil (June 30, 2020 - $75,816) – 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 $nil (June 30, 2020 - $107,464) – 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 $nil (June 30, 2020 - $146,667) – 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 $nil (June 30, 2020 - $42,176) – 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 $nil (June 30, 2020 - $113,318) – 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 $nil (June 30, 2020 - $122,674) – 2,326 March 31, June 30, 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 – – 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 – – 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 $ nil (June 30, 2020 - $nil) – – GS Capital Partners, LLC, $340,000 on October 20, 2020, unsecured, bears interest at 10% per annum, due on October 20, 2021, convertible into common stock at a fixed price of $0.10 per share, unamortized discount of $nil (June 30, 2020 - $nil) – – 127,149 During the nine months ended March 31, 2021, the Company paid $1,824,613 (2019 - $1,114,773) for the settlement of $1,295,202 (2019 - $781,136) of outstanding principal balance of convertible notes, $63,216 (2019 - $46,817) of accrued interest, $403,938 (2019 - $nil) of financing costs, and $3,148,613 (2019 - $754,570) of derivative liabilities resulting in a gain on settlement of debt of $3,086,356 (2019 - $467,750). |
Property and Equipment
Property and Equipment | 9 Months Ended |
Mar. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | 4. Property and Equipment During the nine months ended March 31, 2021, the Company purchased land for $907,380 comprised of 12.44 acres and located at 395 Logan Lane in Fernley, Nevada. The Company will be constructing five separate building areas on this property to create a Pilot Plant campus that includes: Production Process Areas, Feedstock Sorting Area, Analytical Laboratory Spaces & Process Development Bays, a Storage Warehouse, and general Office Space. In addition, the Company entered into a purchase agreement on January 25, 2019 at a cost of $204,000 to purchase certain real property situate in the County of Nye, State of Nevada, described as: That portion of the South Half (S1/2) of the Northeast Quarter (NE1/4) of Section 11, and the Northwest Quarter (NW1/4) and the West Half (W1/2) of the Northeast Quarter (NE1/4) of Section 12, Township 9 North, Range 57 East, M.D.B.&M. The Company has not yet completed the transaction. The 271,799 common shares included in Condensed Consolidated Statements of Cash Flows under “Common shares issued for property purchase” represent a deposit on this land purchase. Vehicle Land Total Cost: Balance, June 30, 2020 61,916 – 61,916 Additions – 1,111,380 1,111,380 Balance, March 31, 2021 61,916 1,111,380 1,173,296 Accumulated Depreciation: Balance, June 30, 2020 3,110 – 3,110 Additions 7,741 – 7,741 Balance, March 31, 2021 10,851 – 10,851 Carrying Amounts: Balance, June 30, 2020 58,806 – 58,806 Balance, March 31, 2021 51,065 1,111,380 1,162,445 |
Intangible Assets
Intangible Assets | 9 Months Ended |
Mar. 31, 2021 | |
Finite-Lived Intangible Assets, Net [Abstract] | |
Intangible Assets | 5. Intangible Assets During the nine months ended March 31, 2021, the Company acquired 55 acre feet portion of certain beneficial interests (“Water Interests”) dedicated to the City of Fernley by that certain Water Rights Deed from three parties for $817,000. These water rights occur in the Fernley Area of Nevada Hydrographic Basin 76, and ensure the Company’s lithium-ion battery recycling pilot plant will have adequate water to operate at full capacity once construction is complete. |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Mar. 31, 2021 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 6. Related Party Transactions (a) As of March 31, 2021, the Company owed $120,146 (June 30, 2020 - $120,146) to the former Chief Executive Officer and Director of the Company for advances to the Company to fund day-to-day operations. The amounts owing are unsecured, non-interest bearing, and due on demand. (b) As of March 31, 2021, the Company owed $85,500 (June 30, 2020 - $85,500) to the former Chief Executive Officer and Director of the Company for advances to the Company to fund day-to-day operations and accrued management fees. The amounts owing are unsecured, non-interest bearing, and due on demand. (c) As of March 31, 2021, the Company owed $nil (June 30, 2020 - $388,577) to the Chief Executive Officer of the Company. The amounts owing are unsecured, non-interest bearing, and due on demand. (d) As of March 31, 2021, the Company owed $nil (June 30, 2020– $30,726) to directors of the Company for accrued management fees. The amounts owing are unsecured, non-interest bearing, and due on demand. |
Investment in Joint Venture
Investment in Joint Venture | 9 Months Ended |
Mar. 31, 2021 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Investment in Joint Venture | 7. 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 CINC’s 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. To date, the joint venture has not purchased any amounts and the Company believes that it is unlikely that any amounts shall be purchased in the future. Furthermore, neither party is making any efforts towards the joint venture at this time. The Company does not expect to have any future liability regarding the joint venture. |
Derivative Liabilities
Derivative Liabilities | 9 Months Ended |
Mar. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Liabilities | 8. 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 nine months ended March 31, 2021, the Company recorded a loss on the change in the fair value of derivative liability of $19,655,296 (2020 - $4,498,166). As of March 31, 2021, the Company recorded a derivative liability of $nil (June 30, 2020 - $4,519,654). The following inputs and assumptions were used to value the derivative liabilities outstanding at March 31, 2021 and June 30, 2020: March 31, June 30, Expected volatility 136-286 % 158-240 % Risk free rate 0.04-0.14 % 0.16 % Expected life (in years) 0.2-1.0 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 403,378 Adjustment for conversion/prepayment (24,578,328 ) Mark-to-market adjustment 19,655,296 Balance, March 31, 2021 – |
Loans Payable
Loans Payable | 9 Months Ended |
Mar. 31, 2021 | |
Loans Payable [Abstract] | |
Loans Payable | 9. Loans Payable (a) On January 27, 2020, the Company entered into a finance loan agreement relating to the acquisition of a company vehicle. Under the terms of the finance loan, the Company will make monthly installment payments of $1,089 at an interest rate of 7.99% per annum, which is due in February 2026. On January 25, 2021, the Company repaid the remaining balance of $54,000 (June 30, 2020 - $59,236) on the finance loan. (b) On May 7, 2020, the Company received $255,992 from the U.S. Small Business Administration as part of the Paycheck Protection Program. The amounts are unsecured, bears interest at 1% per annum commencing on November 7, 2020, and is due on May 7, 2022. |
Share Capital
Share Capital | 9 Months Ended |
Mar. 31, 2021 | |
Equity [Abstract] | |
Share Capital | 10. Share Capital The Company’s authorized common stock consists of 1,200,000,000 shares of common stock, with par value of $0.001 per share, 1,000,000 shares of Series A preferred stock, with par value of $0.001 per share, and 1,000,000 shares of Series C preferred stock, with par value of $10 per share. Series A Preferred Stock On December 17, 2020, the Company issued 200,000 Series A Preferred Stock with a fair value of $200 to officers and directors of the Company as a management fee. On October 1, 2019, the Company had issued 300,000 Series A Preferred Stock with a fair value of $300 to directors of the company as a management fee. Series C Preferred Stock On December 18, 2020, the Company issued 48.29 units of Series C Preferred Stock at $50,000 per unit for proceeds of $2,414,500. Each unit is comprised of 5,000 shares of Series C Preferred Stock (each share of Series C Preferred Stock is convertible into eighty 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. Each holder is entitled to receive a non-cumulative dividend at 8% per annum at the rate per share. The dividend shall be payable at the Company’s option either in cash or in common shares of the Company. If paid in Common Shares, the Company shall pay to the holders the number of Common Shares equal to the dividend amount divided by the Stated Value and then multiplied by eighty. In addition, the Company issued 8 units of Series C Preferred Stock with a fair value of $400,000 for the conversion of $381,622 of note payable and $18,378 of accrued interest. During the nine months ended March 31, 2021, the Company converted 41,250 Series C Preferred Stock to 3,300,000 shares of common stock. Common Stock 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 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. On October 6, 2020, the Company issued 4,805,558 common shares with a fair value of $617,514 for the conversion of $250,000 of note payable, $12,311 of accrued interest, $105 of fees and $491,605 of derivative liability resulting in a gain on settlement of $136,507. On October 20, 2020, the Company issued 1,326,098 common shares with a fair value of $197,721 for the conversion of $71,548 of note payable, $7,396 of accrued interest and $130,683 of derivative liability resulting in a gain on settlement of $11,906. On November 30, 2020, the Company issued 3,000,000 common shares with a fair value of $765,000 to directors of the Company for consulting services. On December 29, 2020, the Company issued 14,400,000 common shares with a fair value of $20,160,000 for consulting services. On January 19, 2021, the Company issued 486,451 common shares with a fair value of $702,192 for legal services. On February 3, 2021, the Company issued 3,200,000 common shares pursuant to the conversion of 40,000 Series C Preferred Stock. On February 5, 2021, the Company issued 69,252 common shares with a fair value of $271,779 pursuant to a rental agreement with purchase option dated February 24, 2019 for the sale of real property situate at 601 S Main Street, City of Tonopah, County of Nye, State of Nevada. These common shares have been held in escrow until title is transferred to the Company. On February 10, 2021, the Company issued 1,400,779 common shares with a fair value of $5,327,924 for the conversion of $1,086,878 of notes payable, $26,882 of accrued interest, and $19,434,832 of derivative liability resulting in a gain on settlement of $15,220,668 On February 24, 2021, the Company issued 100,000 common shares pursuant to the conversion of 1,250 Series C Preferred Stock. On March 5, 2021, the Company issued 2,000,000 common shares with a fair value of $3,720,000 for services, including 1,000,000 common shares issued to the CEO of the Company and 1,000,000 common shares issued to a director of the Company. On March 31, 2021, the Company issued 23,585 common shares with a fair value of $37,500, including 4,717 common shares issued to the CEO of the Company and 18,868 common shares issued to certain directors of the Company. During the nine months ended March 31, 2021, 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. During the nine months ended March 31, 2021, the Company issued 36,947,680 common shares pursuant to the cashless exercise of share purchase warrants and 6,150,000 common shares pursuant to the exercise of share purchase warrants for total proceeds of $531,250. The fair value of $12,381 for the warrants exercised was transferred to common shares from additional paid-in capital. As of March 31, 2021, the Company has received additional $93,750 for future issuance. On October 6, 2020, the Company entered into a Purchase Agreement (the “Purchase Agreement”) with Tysadco Partners LLC, a Delaware limited company (“Tysadco”). Pursuant to the Purchase Agreement, Tysadco committed to purchase, subject to certain restrictions and conditions, up to $10,000,000 worth of the Company’s common stock (the “Commitment”), over a period of 24 months from the effectiveness of the registration statement registering the resale of shares purchased by Tysadco. The Company shall have the right, but not the obligation, to direct Tysadco to buy the lesser of $250,000 in common stock per sale or 200% of the average shares traded for the 10 days prior to the closing request date, at a purchase price of 85% of the of the two lowest individual daily VWAPs during the five (5) trading days commencing on the first trading day following delivery and clearing of the delivered shares, with a minimum request of $25,000. For the nine months ended March 31, 2021, the Company issued 16,250,000 common shares for proceeds of $10,431,638 and issued another 500,000 commitment shares with a fair value of 105,000. |
Share Purchase Warrants
Share Purchase Warrants | 9 Months Ended |
Mar. 31, 2021 | |
Share Purchase Warrants | |
Share Purchase Warrants | 11. Share Purchase Warrants Number of Weighted average exercise price Balance, June 30, 2020 8,603,112 0.14 Issued 71,516,000 0.13 Exercised (36,253,112 ) 0.13 Balance, March 31, 2021 43,866,000 0.13 Additional information regarding share purchase warrants as of March 31, 2021, is as follows: Outstanding and exercisable Range of Number of Warrants Weighted Average Remaining Contractual Life (years) 0.075 29,750,000 2.43 0.15 500,000 0.05 0.25 13,616,000 0.85 43,866,000 3.33 |
Subsequent Events
Subsequent Events | 9 Months Ended |
Mar. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | 12. Subsequent Events (a) On April 5, 2021, the Company issued 200,000 common shares pursuant to the conversion of 2,500 Series C preferred shares. (b) On April 9, 2021, the Company issued 9,072,886 common shares for 10,600,000 cashless exercise of warrants. (c) On April 12, 2021, the Company issued 400,000 common shares pursuant to the conversion of 5,000 Series C preferred shares. (d) On April 16, 2021, the Company entered into a share purchase agreement with Tysadco Partners LLC, a Delaware limited company (“Tysadco”). Pursuant to the agreement, Tysadco is committed to purchase, subject to certain restrictions and conditions, up to $75,000,000 worth of the Company’s common stock, over a period of 24 months. In connection with this agreement, the Company issued 750,000 shares of restricted common stock as commitment fee. Subsequent to the signing of the agreement, the Company issued 500,000 common shares for proceeds of $591,813 related to the prior share purchase agreement entered into with Tysadco in October, 2020. (e) On April 16, 2021, the Company entered into a purchase and sale agreement with D.L.G Associates, LLC whereby the Company agreed to pay $2,172,750 for 172.82-acre feet of certain water rights. (f) On April 28, 2021, the Company filed a prospectus for 9,090,910 shares of common stock at $1.65 for gross proceeds of $15,000,001. In connection with the prospectus, the Company incurred 7% placement Agents’ fees, $250,000 legal fees, and issued 272,727 Agents’ warrants. Each Agent’s warrant is exercisable into one share of the common stock at a price of $1.815 per share until April 28, 2026. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation | (a) Basis of Presentation The condensed consolidated financial statements and related notes of the Company have been prepared and presented in accordance with accounting principles generally accepted in the United States (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year end is June 30. 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. |
Use of Estimates | (b) Use of Estimates The preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to the fair value of stock-based compensation, the determination of the useful lives and recoverability of property and equipment, intangible assets, and valuation of derivative liability. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. |
Intangible Assets | (c) Intangible Assets Intangible assets include water rights that are measured at cost less accumulated impairment losses. These intangible assets have been assessed with indefinite lives from the date that they are available for use, since this most closely reflects the expected pattern of consumption of the future economic benefits embodied in the asset. Useful lives and residual values are reviewed at each financial year end and adjusted if appropriate. These assets are reviewed for impairment or obsolescence when events or changes in circumstances indicate that the carrying amount may not be recoverable. If impaired, intangible assets are written down to fair value based on discounted cash flows or other valuation techniques. |
Convertible Notes Payable (Tabl
Convertible Notes Payable (Tables) | 9 Months Ended |
Mar. 31, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of Convertible Notes Payable | March 31, June 30, 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 $nil (June 30, 2020 - $103,818) – 6,182 March 31, June 30, 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 $nil (June 30, 2020 - $478,979) – 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 $nil (June 30, 2020 - $75,816) – 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 $nil (June 30, 2020 - $107,464) – 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 $nil (June 30, 2020 - $146,667) – 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 $nil (June 30, 2020 - $42,176) – 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 $nil (June 30, 2020 - $113,318) – 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 $nil (June 30, 2020 - $122,674) – 2,326 March 31, June 30, 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 – – 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 – – 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 $ nil (June 30, 2020 - $nil) – – GS Capital Partners, LLC, $340,000 on October 20, 2020, unsecured, bears interest at 10% per annum, due on October 20, 2021, convertible into common stock at a fixed price of $0.10 per share, unamortized discount of $nil (June 30, 2020 - $nil) – – 127,149 |
Property and Equipment (Tables)
Property and Equipment (Tables) | 9 Months Ended |
Mar. 31, 2021 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | Vehicle Land Total Cost: Balance, June 30, 2020 61,916 – 61,916 Additions – 1,111,380 1,111,380 Balance, March 31, 2021 61,916 1,111,380 1,173,296 Accumulated Depreciation: Balance, June 30, 2020 3,110 – 3,110 Additions 7,741 – 7,741 Balance, March 31, 2021 10,851 – 10,851 Carrying Amounts: Balance, June 30, 2020 58,806 – 58,806 Balance, March 31, 2021 51,065 1,111,380 1,162,445 |
Derivative Liabilities (Tables)
Derivative Liabilities (Tables) | 9 Months Ended |
Mar. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Derivative Liability Inputs and Assumptions Outstanding | The following inputs and assumptions were used to value the derivative liabilities outstanding at March 31, 2021 and June 30, 2020: March 31, June 30, Expected volatility 136-286 % 158-240 % Risk free rate 0.04-0.14 % 0.16 % Expected life (in years) 0.2-1.0 0.5-1.0 |
Summary of Derivative Liability Activity | 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 403,378 Adjustment for conversion/prepayment (24,578,328 ) Mark-to-market adjustment 19,655,296 Balance, March 31, 2021 – |
Share Purchase Warrants (Tables
Share Purchase Warrants (Tables) | 9 Months Ended |
Mar. 31, 2021 | |
Share Purchase Warrants | |
Schedule of Share Purchase Warrants Activity | Number of Weighted average exercise price Balance, June 30, 2020 8,603,112 0.14 Issued 71,516,000 0.13 Exercised (36,253,112 ) 0.13 Balance, March 31, 2021 43,866,000 0.13 |
Schedule of Additional Information Regarding Share Purchase Warrants | Additional information regarding share purchase warrants as of March 31, 2021, is as follows: Outstanding and exercisable Range of Number of Warrants Weighted Average Remaining Contractual Life (years) 0.075 29,750,000 2.43 0.15 500,000 0.05 0.25 13,616,000 0.85 43,866,000 3.33 |
Organization and Nature of Op_2
Organization and Nature of Operations (Details Narrative) - USD ($) | 9 Months Ended | ||
Mar. 31, 2021 | Mar. 31, 2020 | Jun. 30, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Net cash used in operating activities | $ (5,156,780) | $ (2,625,810) | |
Accumulated deficit | $ (99,395,380) | $ (63,208,946) |
Convertible Notes Payable (Deta
Convertible Notes Payable (Details Narrative) - USD ($) | 9 Months Ended | ||||||||
Mar. 31, 2021 | Mar. 31, 2020 | Feb. 10, 2021 | Oct. 20, 2020 | Oct. 06, 2020 | Sep. 30, 2020 | Sep. 16, 2020 | Aug. 26, 2020 | Jul. 09, 2020 | |
Debt Disclosure [Abstract] | |||||||||
Payment of convertible debt | $ 1,824,613 | $ 1,114,773 | |||||||
Convertible notes | 1,295,202 | 781,136 | |||||||
Accrued interest | 63,216 | 46,817 | |||||||
Financing costs | 403,938 | ||||||||
Derivative liabilities | 3,148,613 | 754,570 | $ 19,434,832 | $ 130,683 | $ 491,605 | $ 560,268 | $ 87,842 | $ 110,007 | $ 614,477 |
Gain on settlement of debt | $ 3,086,356 | $ 467,750 |
Convertible Notes Payable - Sch
Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) - USD ($) | Mar. 31, 2021 | Jun. 30, 2020 |
Convertible Notes Payable | $ 127,149 | |
Eagle Equities, LLC [Member] | Unsecured Debt [Member] | ||
Convertible Notes Payable | 10,212 | |
GS Capital Partners, LLC [Member] | Unsecured Debt One [Member] | ||
Convertible Notes Payable | 12,666 | |
GS Capital Partners, LLC [Member] | Unsecured Debt Two [Member] | ||
Convertible Notes Payable | 11,430 | |
GS Capital Partners, LLC [Member] | Unsecured Debt Eight [Member] | ||
Convertible Notes Payable | 41,021 | |
GS Capital Partners, LLC [Member] | Unsecured Debt Fifteen [Member] | ||
Convertible Notes Payable | ||
GS Capital Partners, LLC [Member] | Unsecured Debt Sixteen [Member] | ||
Convertible Notes Payable | ||
GS Capital Partners, LLC [Member] | Unsecured Debt Eighteen [Member] | ||
Convertible Notes Payable | ||
Power Up Lending Group Ltd., [Member] | Unsecured Debt Three [Member] | ||
Convertible Notes Payable | 6,338 | |
Power Up Lending Group Ltd., [Member] | Unsecured Debt Nine [Member] | ||
Convertible Notes Payable | 2,184 | |
Power Up Lending Group Ltd., [Member] | Unsecured Debt Twelve [Member] | ||
Convertible Notes Payable | 824 | |
Crown Bridge Partners, LLC [Member] | Unsecured Debt Four [Member] | ||
Convertible Notes Payable | 4,423 | |
BHP Capital NY Inc., [Member] | Unsecured Debt Five [Member] | ||
Convertible Notes Payable | 6,718 | |
Jefferson Street Capital, LLC [Member] | Unsecured Debt Six [Member] | ||
Convertible Notes Payable | 6,182 | |
Jefferson Street Capital, LLC [Member] | Unsecured Debt Seventeen [Member] | ||
Convertible Notes Payable | ||
Odyssey Capital, LLC [Member] | Unsecured Debt Seven [Member] | ||
Convertible Notes Payable | 14,774 | |
Adar Alef, LLC [Member] | Unsecured Debt Ten [Member] | ||
Convertible Notes Payable | 2,536 | |
Auctus Fund, LLC [Member] | Unsecured Debt Eleven [Member] | ||
Convertible Notes Payable | 3,333 | |
Black Ice Advisors, LLC [Member] | Unsecured Debt Thirteen [Member] | ||
Convertible Notes Payable | 2,182 | |
Efrat Investments, LLC [Member] | Unsecured Debt Fourteen [Member] | ||
Convertible Notes Payable | $ 2,326 |
Convertible Notes Payable - S_2
Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) (Parenthetical) | 9 Months Ended | |||||||||||||||||
Mar. 31, 2021USD ($)Integer$ / shares | Oct. 20, 2020USD ($) | Sep. 29, 2020USD ($) | Aug. 14, 2020USD ($) | Jul. 27, 2020USD ($) | Jun. 30, 2020USD ($) | Apr. 23, 2020USD ($) | Apr. 22, 2020USD ($) | Apr. 21, 2020USD ($) | Apr. 10, 2020USD ($) | Apr. 07, 2020USD ($) | Apr. 06, 2020USD ($) | Mar. 17, 2020USD ($) | Feb. 19, 2020USD ($) | Feb. 18, 2020USD ($) | Feb. 14, 2020USD ($) | Feb. 07, 2020USD ($) | Jan. 31, 2020USD ($) | |
Eagle Equities, LLC [Member] | Unsecured Debt [Member] | ||||||||||||||||||
Unsecured debt | $ 147,250 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Jan. 31, 2021 | |||||||||||||||||
Conversion of common stock percentage | 60.00% | |||||||||||||||||
Trading days | Integer | 10 | |||||||||||||||||
Unamortized discount | $ 137,038 | |||||||||||||||||
GS Capital Partners, LLC [Member] | Unsecured Debt One [Member] | ||||||||||||||||||
Unsecured debt | $ 147,250 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Jan. 31, 2021 | |||||||||||||||||
Conversion of common stock percentage | 40.00% | |||||||||||||||||
Trading days | Integer | 20 | |||||||||||||||||
Unamortized discount | 134,584 | |||||||||||||||||
GS Capital Partners, LLC [Member] | Unsecured Debt Two [Member] | ||||||||||||||||||
Unsecured debt | $ 177,200 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Feb. 7, 2021 | |||||||||||||||||
Conversion of common stock percentage | 60.00% | |||||||||||||||||
Trading days | Integer | 20 | |||||||||||||||||
Unamortized discount | 165,770 | |||||||||||||||||
GS Capital Partners, LLC [Member] | Unsecured Debt Two [Member] | Maximum [Member] | ||||||||||||||||||
Debt interest rate | 22.00% | |||||||||||||||||
GS Capital Partners, LLC [Member] | Unsecured Debt Eight [Member] | ||||||||||||||||||
Unsecured debt | $ 520,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Mar. 17, 2021 | |||||||||||||||||
Conversion of common stock percentage | 63.00% | |||||||||||||||||
Trading days | Integer | 20 | |||||||||||||||||
Unamortized discount | 478,979 | |||||||||||||||||
GS Capital Partners, LLC [Member] | Unsecured Debt Fifteen [Member] | ||||||||||||||||||
Unsecured debt | $ 520,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Oct. 27, 2021 | |||||||||||||||||
Conversion of common stock percentage | 64.00% | |||||||||||||||||
Trading days | Integer | 20 | |||||||||||||||||
Unamortized discount | ||||||||||||||||||
Debt conversion term description | 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 6th monthly anniversary of the note | |||||||||||||||||
Debt fixed price | $ / shares | $ 0.25 | |||||||||||||||||
GS Capital Partners, LLC [Member] | Unsecured Debt Sixteen [Member] | ||||||||||||||||||
Unsecured debt | $ 312,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Aug. 14, 2021 | |||||||||||||||||
Conversion of common stock percentage | 64.00% | |||||||||||||||||
Trading days | Integer | 20 | |||||||||||||||||
Unamortized discount | ||||||||||||||||||
Debt conversion term description | 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 6th monthly anniversary of the note | |||||||||||||||||
Debt fixed price | $ / shares | $ 0.25 | |||||||||||||||||
GS Capital Partners, LLC [Member] | Unsecured Debt Eighteen [Member] | ||||||||||||||||||
Unsecured debt | $ 340,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Oct. 20, 2021 | |||||||||||||||||
Unamortized discount | ||||||||||||||||||
Debt fixed price | $ / shares | $ 0.10 | |||||||||||||||||
Power Up Lending Group Ltd., [Member] | Unsecured Debt Three [Member] | ||||||||||||||||||
Unsecured debt | $ 83,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Dec. 1, 2021 | |||||||||||||||||
Conversion of common stock percentage | 61.00% | |||||||||||||||||
Trading days | Integer | 10 | |||||||||||||||||
Unamortized discount | 76,662 | |||||||||||||||||
Power Up Lending Group Ltd., [Member] | Unsecured Debt Nine [Member] | ||||||||||||||||||
Unsecured debt | $ 78,000 | |||||||||||||||||
Debt interest rate | 12.00% | |||||||||||||||||
Debt maturity date | Apr. 6, 2021 | |||||||||||||||||
Conversion of common stock percentage | 61.00% | |||||||||||||||||
Trading days | Integer | 10 | |||||||||||||||||
Unamortized discount | 75,816 | |||||||||||||||||
Power Up Lending Group Ltd., [Member] | Unsecured Debt Nine [Member] | Maximum [Member] | ||||||||||||||||||
Debt interest rate | 22.00% | |||||||||||||||||
Power Up Lending Group Ltd., [Member] | Unsecured Debt Twelve [Member] | ||||||||||||||||||
Unsecured debt | $ 43,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Apr. 21, 2021 | |||||||||||||||||
Conversion of common stock percentage | 61.00% | |||||||||||||||||
Trading days | Integer | 10 | |||||||||||||||||
Unamortized discount | 42,176 | |||||||||||||||||
Power Up Lending Group Ltd., [Member] | Unsecured Debt Twelve [Member] | Maximum [Member] | ||||||||||||||||||
Debt interest rate | 22.00% | |||||||||||||||||
Crown Bridge Partners, LLC [Member] | Unsecured Debt Four [Member] | ||||||||||||||||||
Unsecured debt | $ 75,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Feb. 14, 2021 | |||||||||||||||||
Conversion of common stock percentage | 65.00% | |||||||||||||||||
Trading days | Integer | 20 | |||||||||||||||||
Unamortized discount | 70,577 | |||||||||||||||||
BHP Capital NY Inc., [Member] | Unsecured Debt Five [Member] | ||||||||||||||||||
Unsecured debt | $ 110,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Feb. 18, 2021 | |||||||||||||||||
Conversion of common stock percentage | 61.00% | |||||||||||||||||
Trading days | Integer | 20 | |||||||||||||||||
Unamortized discount | 103,282 | |||||||||||||||||
Debt conversion term description | 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 | |||||||||||||||||
Jefferson Street Capital, LLC [Member] | Unsecured Debt Six [Member] | ||||||||||||||||||
Unsecured debt | $ 110,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Feb. 18, 2021 | |||||||||||||||||
Conversion of common stock percentage | 61.00% | |||||||||||||||||
Trading days | Integer | 20 | |||||||||||||||||
Unamortized discount | 103,818 | |||||||||||||||||
Debt conversion term description | 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 | |||||||||||||||||
Jefferson Street Capital, LLC [Member] | Unsecured Debt Seventeen [Member] | ||||||||||||||||||
Unsecured debt | $ 302,500 | |||||||||||||||||
Debt interest rate | 1.00% | |||||||||||||||||
Debt maturity date | Mar. 29, 2021 | |||||||||||||||||
Conversion of common stock percentage | 70.00% | |||||||||||||||||
Trading days | Integer | 10 | |||||||||||||||||
Unamortized discount | ||||||||||||||||||
Debt conversion term description | 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 | |||||||||||||||||
Jefferson Street Capital, LLC [Member] | Unsecured Debt Seventeen [Member] | Maximum [Member] | ||||||||||||||||||
Debt interest rate | 22.00% | |||||||||||||||||
Odyssey Capital, LLC [Member] | Unsecured Debt Seven [Member] | ||||||||||||||||||
Unsecured debt | $ 220,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Feb. 19, 2021 | |||||||||||||||||
Conversion of common stock percentage | 60.00% | |||||||||||||||||
Trading days | Integer | 15 | |||||||||||||||||
Unamortized discount | 205,226 | |||||||||||||||||
Adar Alef, LLC [Member] | Unsecured Debt Ten [Member] | ||||||||||||||||||
Unsecured debt | $ 110,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Apr. 7, 2021 | |||||||||||||||||
Conversion of common stock percentage | 60.00% | |||||||||||||||||
Trading days | Integer | 15 | |||||||||||||||||
Unamortized discount | 107,464 | |||||||||||||||||
Auctus Fund, LLC [Member] | Unsecured Debt Eleven [Member] | ||||||||||||||||||
Unsecured debt | $ 150,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Apr. 10, 2021 | |||||||||||||||||
Conversion of common stock percentage | 68.00% | |||||||||||||||||
Trading days | Integer | 20 | |||||||||||||||||
Unamortized discount | 146,667 | |||||||||||||||||
Auctus Fund, LLC [Member] | Unsecured Debt Eleven [Member] | Maximum [Member] | ||||||||||||||||||
Debt interest rate | 24.00% | |||||||||||||||||
Black Ice Advisors, LLC [Member] | Unsecured Debt Thirteen [Member] | ||||||||||||||||||
Unsecured debt | $ 115,500 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Apr. 22, 2021 | |||||||||||||||||
Conversion of common stock percentage | 60.00% | |||||||||||||||||
Trading days | Integer | 15 | |||||||||||||||||
Unamortized discount | 113,318 | |||||||||||||||||
Efrat Investments, LLC [Member] | Unsecured Debt Fourteen [Member] | ||||||||||||||||||
Unsecured debt | $ 125,000 | |||||||||||||||||
Debt interest rate | 10.00% | |||||||||||||||||
Debt maturity date | Apr. 23, 2021 | |||||||||||||||||
Conversion of common stock percentage | 60.00% | |||||||||||||||||
Trading days | Integer | 15 | |||||||||||||||||
Unamortized discount | $ 122,674 |
Property and Equipment (Details
Property and Equipment (Details Narrative) | Jan. 25, 2019USD ($) | Mar. 31, 2021USD ($)a | Mar. 31, 2020USD ($) |
Purchase of land | $ 907,380 | ||
Area of land | a | 12.44 | ||
Purchase Agreement [Member] | |||
Payment to acquire property | $ 204,000 |
Property and Equipment - Schedu
Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) | 9 Months Ended | |
Mar. 31, 2021 | Jun. 30, 2020 | |
Cost | $ 1,173,296 | $ 61,916 |
Cost Addition | 1,111,380 | |
Accumulated Depreciation | 10,851 | 3,110 |
Accumulated Depreciation Addition | 7,741 | |
Carrying Amounts | 1,162,445 | 58,806 |
Vehicles [Member] | ||
Cost | 61,916 | 61,916 |
Cost Addition | ||
Accumulated Depreciation | 10,851 | 3,110 |
Accumulated Depreciation Addition | 7,741 | |
Carrying Amounts | 51,065 | 58,806 |
Land [Member] | ||
Cost | 1,111,380 | |
Cost Addition | 1,111,380 | |
Accumulated Depreciation | ||
Accumulated Depreciation Addition | ||
Carrying Amounts | $ 1,111,380 |
Intangible Assets (Details Narr
Intangible Assets (Details Narrative) | 9 Months Ended |
Mar. 31, 2021USD ($) | |
Finite-Lived Intangible Assets, Net [Abstract] | |
Payment to acquire intangible assets | $ 817,000 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | Mar. 31, 2021 | Jun. 30, 2020 |
Chief Executive Officer and Director [Member] | ||
Due to related party | $ 120,146 | $ 120,146 |
Chief Executive Officer and Director [Member] | ||
Due to related party | 85,500 | 85,500 |
Chief Executive Officer [Member] | ||
Due to related party | 388,577 | |
Directors [Member] | ||
Due to related party | $ 30,726 |
Investment in Joint Venture (De
Investment in Joint Venture (Details Narrative) - USD ($) | Sep. 29, 2020 | Oct. 08, 2018 | Mar. 31, 2021 | Oct. 08, 2023 | Oct. 08, 2022 | Oct. 08, 2021 | Oct. 08, 2020 |
Number of common shares issued, shares | 2,000,000 | 16,250,000 | |||||
Joint Venture Agreement [Member] | |||||||
Number of common shares issued, shares | 250,000 | ||||||
Payments to acquire joint venture | $ 1,000,000 | ||||||
Joint Venture Agreement [Member] | Forecast [Member] | |||||||
Payments to acquire joint venture | $ 10,000,000 | $ 6,000,000 | $ 3,000,000 | ||||
Joint Venture Agreement [Member] | CINC Industries Inc [Member] | |||||||
Percentage of interest in joint venture | 50.00% |
Derivative Liabilities (Details
Derivative Liabilities (Details Narrative) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | Jun. 30, 2020 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||
Loss on change in fair value of derivative liability | $ 12,637,125 | $ 3,558,652 | $ 19,655,296 | $ 4,498,166 | |
Derivative liability | $ 4,519,654 |
Derivative Liabilities - Schedu
Derivative Liabilities - Schedule of Derivative Liability Inputs and Assumptions Outstanding (Details) | 9 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Jun. 30, 2020 | |
Expected Volatility [Member] | Minimum [Member] | ||
Derivative Liabilities, Fair Value Assumptions, | 136 | 158 |
Expected Volatility [Member] | Maximum [Member] | ||
Derivative Liabilities, Fair Value Assumptions, | 286 | 240 |
Risk Free Rate [Member] | ||
Derivative Liabilities, Fair Value Assumptions, | 0.16 | |
Risk Free Rate [Member] | Minimum [Member] | ||
Derivative Liabilities, Fair Value Assumptions, | 0.04 | |
Risk Free Rate [Member] | Maximum [Member] | ||
Derivative Liabilities, Fair Value Assumptions, | 0.14 | |
Expected Life (In Years) [Member] | Minimum [Member] | ||
Derivative Liabilities, Fair Value Measurement Input, Term | 2 months 12 days | 6 months |
Expected Life (In Years) [Member] | Maximum [Member] | ||
Derivative Liabilities, Fair Value Measurement Input, Term | 1 year | 1 year |
Derivative Liabilities - Summar
Derivative Liabilities - Summary of Derivative Liability Activity (Details) | 9 Months Ended |
Mar. 31, 2021USD ($) | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Liabilities, Beginning Balance | $ 4,519,654 |
Derivative additions associated with convertible notes | 403,378 |
Adjustment for conversion/prepayment | (24,578,328) |
Mark-to-market adjustment | 19,655,296 |
Derivative Liabilities, Ending Balance |
Loans Payable (Details Narrativ
Loans Payable (Details Narrative) - USD ($) | Jan. 25, 2021 | May 07, 2020 | Jan. 27, 2020 |
Repayment of finance loan | $ 54,000 | ||
Paycheck Protection Program [Member] | |||
Loan interest rate | 1.00% | ||
Loan maturity date | May 7, 2022 | ||
Proceeds from loans | $ 255,992 | ||
Loan commencing date | Nov. 7, 2020 | ||
June 30, 2020 [Member] | |||
Repayment of finance loan | $ 59,236 | ||
Finance Loan Agreement [Member] | |||
Monthly installment payments | $ 1,089 | ||
Loan interest rate | 7.99% | ||
Loan maturity date | Feb. 28, 2026 |
Share Capital (Details Narrativ
Share Capital (Details Narrative) - USD ($) | Mar. 31, 2021 | Mar. 05, 2021 | Feb. 24, 2021 | Feb. 10, 2021 | Feb. 03, 2021 | Jan. 19, 2021 | Dec. 29, 2020 | Dec. 18, 2020 | Dec. 17, 2020 | Nov. 30, 2020 | Oct. 20, 2020 | Oct. 06, 2020 | Oct. 01, 2020 | Sep. 30, 2020 | Sep. 29, 2020 | Sep. 16, 2020 | Aug. 26, 2020 | Aug. 18, 2020 | Jul. 09, 2020 | Feb. 05, 2021 | Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | Jun. 30, 2020 |
Common stock, shares authorized | 1,200,000,000 | 1,200,000,000 | 1,200,000,000 | 1,200,000,000 | |||||||||||||||||||||
Common stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||||||||
Number of common shares issued, shares | 2,000,000 | 16,250,000 | |||||||||||||||||||||||
Number of common shares issued | $ 315,000 | ||||||||||||||||||||||||
Proceeds from issuance of common stock | $ 10,431,638 | ||||||||||||||||||||||||
Issuances of stock conversion, shares | 1,400,779 | 1,326,098 | 4,805,558 | 5,178,487 | 1,696,856 | 2,196,822 | 6,081,150 | ||||||||||||||||||
Fair value of conversion | $ 5,327,924 | $ 197,721 | $ 617,514 | $ 699,096 | $ 157,808 | $ 193,320 | $ 720,008 | ||||||||||||||||||
Note payable | 1,086,878 | 71,548 | 250,000 | 270,000 | 77,200 | 100,000 | 147,250 | ||||||||||||||||||
Accrued interest | 26,882 | 7,396 | 12,311 | 13,833 | 4,931 | 5,342 | 6,503 | ||||||||||||||||||
Number od shares issued for services | $ 4,424,692 | $ 689,448 | 27,072,162 | 1,613,468 | |||||||||||||||||||||
Fees | 105 | 105 | 105 | 105 | 105 | ||||||||||||||||||||
Derivative liabilities | $ 3,148,613 | 19,434,832 | 130,683 | 491,605 | 560,268 | 87,842 | 110,007 | 614,477 | 3,148,613 | 754,570 | 3,148,613 | 754,570 | |||||||||||||
Gain on settlement of debt | $ 15,220,668 | $ 11,906 | $ 136,507 | $ 145,110 | $ 12,270 | $ 22,134 | $ 48,327 | $ 15,220,668 | $ 565,405 | $ 18,683,279 | $ 779,455 | ||||||||||||||
Rental Agreement [Member] | Option [Member] | |||||||||||||||||||||||||
Number of common shares issued, shares | 69,252 | ||||||||||||||||||||||||
Fair value of conversion | $ 271,779 | ||||||||||||||||||||||||
Purchase Agreement [Member] | Tysadco Partners LLC [Member] | |||||||||||||||||||||||||
Share purchase description | Tysadco committed to purchase, subject to certain restrictions and conditions, up to $10,000,000 worth of the Company’s common stock (the “Commitment”), over a period of 24 months from the effectiveness of the registration statement registering the resale of shares purchased by Tysadco. The Company shall have the right, but not the obligation, to direct Tysadco to buy the lesser of $250,000 in common stock per sale or 200% of the average shares traded for the 10 days prior to the closing request date, at a purchase price of 85% of the of the two lowest individual daily VWAPs during the five (5) trading days commencing on the first trading day following delivery and clearing of the delivered shares, with a minimum request of $25,000. | ||||||||||||||||||||||||
Purchase Agreement [Member] | Tysadco Partners LLC [Member] | Maximum [Member] | |||||||||||||||||||||||||
Number of shares committed to purchase | 10,000,000 | ||||||||||||||||||||||||
Common Stock [Member] | |||||||||||||||||||||||||
Number of common shares issued, shares | 100,000 | 3,200,000 | 60,625,000 | ||||||||||||||||||||||
Number of common shares issued | |||||||||||||||||||||||||
Proceeds from issuance of common stock | $ 2,450,000 | ||||||||||||||||||||||||
Conversion of stock description | 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 $0.075 per share until October 31, 2024. | ||||||||||||||||||||||||
Warrant to purchase common stock | 6,150,000 | 6,150,000 | 6,150,000 | ||||||||||||||||||||||
Warrant exercise price | $ 12,381 | $ 12,381 | $ 12,381 | ||||||||||||||||||||||
Issuances of stock conversion, shares | 3,300,000 | ||||||||||||||||||||||||
Shares issued for conversion | 1,400,779 | 139,078,983 | 22,685,750 | 181,426,905 | |||||||||||||||||||||
Number od shares issued for services, shares | 2,510,036 | 17,236,200 | 33,650,036 | 26,446,200 | |||||||||||||||||||||
Number od shares issued for services | $ 2,510 | $ 17,236 | $ 33,650 | $ 26,446 | |||||||||||||||||||||
Shares issued for cashless exercise of warrants, shares | 36,947,680 | ||||||||||||||||||||||||
Additional future issuance | 93,750 | 93,750 | 93,750 | ||||||||||||||||||||||
Proceeds from issuance of warrants | $ 531,250 | ||||||||||||||||||||||||
Commitment Fee [Member] | |||||||||||||||||||||||||
Number of common shares issued, shares | 500,000 | ||||||||||||||||||||||||
Number of common shares issued | $ 105,000 | ||||||||||||||||||||||||
Consulting Services [Member] | |||||||||||||||||||||||||
Number od shares issued for services, shares | 14,400,000 | 2,400,000 | 2,890,000 | 7,950,000 | |||||||||||||||||||||
Number od shares issued for services | $ 20,160,000 | $ 378,000 | $ 262,990 | $ 941,280 | |||||||||||||||||||||
Directors [Member] | |||||||||||||||||||||||||
Number od shares issued for services, shares | 18,868 | 1,000,000 | 3,000,000 | ||||||||||||||||||||||
Number od shares issued for services | $ 765,000 | ||||||||||||||||||||||||
Legal Services [Member] | |||||||||||||||||||||||||
Number od shares issued for services, shares | 23,585 | 2,000,000 | 486,451 | ||||||||||||||||||||||
Number od shares issued for services | $ 37,500 | $ 3,720,000 | $ 702,192 | ||||||||||||||||||||||
Chief Executive Officer [Member] | |||||||||||||||||||||||||
Number od shares issued for services, shares | 4,717 | 1,000,000 | |||||||||||||||||||||||
Series A Preferred Stock [Member] | |||||||||||||||||||||||||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||
Preferred stock, par value | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||||||||||||
Number of common shares issued, shares | 300,000 | ||||||||||||||||||||||||
Number of common shares issued | $ 300 | ||||||||||||||||||||||||
Shares issued for conversion | |||||||||||||||||||||||||
Number od shares issued for services, shares | 200,000 | ||||||||||||||||||||||||
Number od shares issued for services | $ 200 | ||||||||||||||||||||||||
Series A Preferred Stock [Member] | Officers and Directors [Member] | Management Fee [Member] | |||||||||||||||||||||||||
Number of common shares issued, shares | 200,000 | 300,000 | |||||||||||||||||||||||
Number of common shares issued | $ 200 | $ 300 | |||||||||||||||||||||||
Series C Preferred Stock [Member] | |||||||||||||||||||||||||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||
Preferred stock, par value | $ 10 | $ 10 | $ 10 | $ 10 | |||||||||||||||||||||
Number of common shares issued, shares | 48.29 | ||||||||||||||||||||||||
Number of common shares issued | $ 50,000 | ||||||||||||||||||||||||
Proceeds from issuance of common stock | $ 2,414,500 | ||||||||||||||||||||||||
Conversion of stock description | Each unit is comprised of 5,000 shares of Series C Preferred Stock (each share of Series C Preferred Stock is convertible into eighty 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. | ||||||||||||||||||||||||
Warrant to purchase common stock | 400,000 | ||||||||||||||||||||||||
Warrant exercise price | $ 0.25 | ||||||||||||||||||||||||
Warrant date | Dec. 31, 2023 | ||||||||||||||||||||||||
Preferred stock dividend rate | 8.00% | ||||||||||||||||||||||||
Issuances of stock conversion, shares | 8 | 41,250 | |||||||||||||||||||||||
Fair value of conversion | $ 400,000 | ||||||||||||||||||||||||
Note payable | 381,622 | ||||||||||||||||||||||||
Accrued interest | $ 18,378 | ||||||||||||||||||||||||
Shares issued for conversion | 1,250 | 40,000 | 40,000 | ||||||||||||||||||||||
Number od shares issued for services, shares | |||||||||||||||||||||||||
Number od shares issued for services |
Share Purchase Warrants - Sched
Share Purchase Warrants - Schedule of Share Purchase Warrants Activity (Details) | 9 Months Ended |
Mar. 31, 2021$ / sharesshares | |
Share Purchase Warrants | |
Number of warrants, Beginning Balance | shares | 8,603,112 |
Number of warrants, Issued | shares | 71,516,000 |
Number of warrants, Exercised | shares | (36,253,112) |
Number of warrants, Ending Balance | shares | 43,866,000 |
Weighted average exercise price, Beginning Balance | $ / shares | $ 0.14 |
Weighted average exercise price, Issued | $ / shares | 0.13 |
Weighted average exercise price, Exercised | $ / shares | 0.13 |
Weighted average exercise price, Ending Balance | $ / shares | $ 0.13 |
Share Purchase Warrants - Sch_2
Share Purchase Warrants - Schedule of Additional Information Regarding Share Purchase Warrants (Details) | Mar. 31, 2021$ / sharesshares |
Number of Warrants Outstanding and exercisable | 43,866,000 |
Weighted Average Remaining Contractual Life (years) Outstanding and exercisable | 3 years 3 months 29 days |
Exercise Price Range One [Member] | |
Range of Exercise Prices | $ / shares | $ 0.075 |
Number of Warrants Outstanding and exercisable | 29,750,000 |
Weighted Average Remaining Contractual Life (years) Outstanding and exercisable | 2 years 5 months 5 days |
Exercise Price Range Two [Member] | |
Range of Exercise Prices | $ / shares | $ 0.15 |
Number of Warrants Outstanding and exercisable | 500,000 |
Weighted Average Remaining Contractual Life (years) Outstanding and exercisable | 18 days |
Exercise Price Range Three [Member] | |
Range of Exercise Prices | $ / shares | $ 0.25 |
Number of Warrants Outstanding and exercisable | 13,616,000 |
Weighted Average Remaining Contractual Life (years) Outstanding and exercisable | 10 months 6 days |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - USD ($) | Apr. 28, 2021 | Apr. 16, 2021 | Apr. 12, 2021 | Apr. 09, 2021 | Apr. 05, 2021 | Feb. 24, 2021 | Feb. 03, 2021 | Dec. 18, 2020 | Oct. 06, 2020 | Sep. 29, 2020 | Mar. 31, 2021 | Mar. 31, 2020 | Mar. 31, 2021 | Mar. 31, 2020 |
Number of common shares issued, shares | 2,000,000 | 16,250,000 | ||||||||||||
Number of common shares issued | $ 315,000 | |||||||||||||
Proceeds from common stock | $ 10,431,638 | |||||||||||||
Purchase Agreement [Member] | Tysadco Partners LLC [Member] | Maximum [Member] | ||||||||||||||
Number of shares committed to purchase | 10,000,000 | |||||||||||||
Series C Preferred Stock [Member] | ||||||||||||||
Number of common shares issued, shares | 48.29 | |||||||||||||
Shares issued for conversion | 1,250 | 40,000 | 40,000 | |||||||||||
Number of common shares issued | $ 50,000 | |||||||||||||
Proceeds from common stock | $ 2,414,500 | |||||||||||||
Stock issued for exercise of warrants | ||||||||||||||
Exercise price of warrants | $ 0.25 | |||||||||||||
Warrant term | Dec. 31, 2023 | |||||||||||||
Common Stock [Member] | ||||||||||||||
Number of common shares issued, shares | 100,000 | 3,200,000 | 60,625,000 | |||||||||||
Shares issued for conversion | 1,400,779 | 139,078,983 | 22,685,750 | 181,426,905 | ||||||||||
Shares issued for cashless exercise of warrants, shares | 36,947,680 | |||||||||||||
Number of common shares issued | ||||||||||||||
Proceeds from common stock | $ 2,450,000 | |||||||||||||
Stock issued for exercise of warrants | 30,716,118 | 1,313,822 | 43,097,680 | 4,310,807 | ||||||||||
Exercise price of warrants | $ 12,381 | $ 12,381 | ||||||||||||
Subsequent Event [Member] | ||||||||||||||
Number of common shares issued, shares | 9,090,910 | |||||||||||||
Shares issued, price per share | $ 1.65 | |||||||||||||
Proceeds from common stock | $ 15,000,001 | |||||||||||||
Agents’ fees percentage | 7.00% | |||||||||||||
Legal fees | $ 250,000 | |||||||||||||
Stock issued for exercise of warrants | 272,727 | |||||||||||||
Exercise price of warrants | $ 1.815 | |||||||||||||
Warrant term | Apr. 28, 2026 | |||||||||||||
Subsequent Event [Member] | Purchase Agreement [Member] | Tysadco Partners LLC [Member] | ||||||||||||||
Number of common shares issued, shares | 500,000 | |||||||||||||
Number of common shares issued | $ 591,813 | |||||||||||||
Subsequent Event [Member] | Purchase Agreement [Member] | Tysadco Partners LLC [Member] | Restricted Stock [Member] | ||||||||||||||
Number of common shares issued, shares | 750,000 | |||||||||||||
Subsequent Event [Member] | Purchase Agreement [Member] | Tysadco Partners LLC [Member] | Maximum [Member] | ||||||||||||||
Number of shares committed to purchase | 75,000,000 | |||||||||||||
Subsequent Event [Member] | Purchase and Sale Agreement [Member] | D.L.G Associates, LLC [Member] | ||||||||||||||
Water rights | $ 2,172,750 | |||||||||||||
Subsequent Event [Member] | Series C Preferred Stock [Member] | ||||||||||||||
Shares issued for conversion | 5,000 | 2,500 | ||||||||||||
Subsequent Event [Member] | Common Stock [Member] | ||||||||||||||
Number of common shares issued, shares | 400,000 | 9,072,886 | 200,000 | |||||||||||
Shares issued for cashless exercise of warrants, shares | 10,600,000 |