Cover
Cover - USD ($) | 12 Months Ended | |
Jun. 30, 2022 | Nov. 18, 2022 | |
Cover [Abstract] | ||
Document Type | 10-K | |
Amendment Flag | false | |
Document Annual Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2022 | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2022 | |
Current Fiscal Year End Date | --06-30 | |
Entity File Number | 333-197692 | |
Entity Registrant Name | STAR ALLIANCE INTERNATIONAL CORP. | |
Entity Central Index Key | 0001614556 | |
Entity Tax Identification Number | 37-1757067 | |
Entity Incorporation, State or Country Code | NV | |
Entity Address, Address Line One | 5743 Corsa Avenue | |
Entity Address, Address Line Two | Suite 218 | |
Entity Address, City or Town | Westlake Village | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 91362 | |
City Area Code | 310 | |
Local Phone Number | 571-0020 | |
Title of 12(b) Security | Common | |
Trading Symbol | STAL | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filers | Yes | |
Entity Current Reporting Status | No | |
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 Public Float | $ 29,149,425 | |
Entity Common Stock, Shares Outstanding | 182,838,028 | |
Auditor Name | Gries & Associates, LLC | |
Auditor Location | Denver, Colorado | |
Auditor Firm ID | 6778 |
BALANCE SHEETS
BALANCE SHEETS - USD ($) | Jun. 30, 2022 | Jun. 30, 2021 |
Current assets: | ||
Cash | $ 71,724 | $ 6,789 |
Prepaids and other assets | 547,350 | 0 |
Prepaid stock for services | 1,813,854 | 0 |
Total current assets | 2,432,928 | 6,789 |
Property and equipment | 450,000 | 450,000 |
Mining claims | 57,532 | 57,532 |
Total other assets | 507,532 | 507,532 |
Total Assets | 2,940,460 | 514,321 |
Current liabilities: | ||
Accounts payable | 52,760 | 18,378 |
Accrued expenses | 25,961 | 12,888 |
Accrued compensation | 212,428 | 171,370 |
Notes payable | 119,215 | 467,380 |
Convertible notes payable, net of discount of $191,248 | 323,752 | 0 |
Derivative liability | 689,231 | 0 |
Note payable – former related party | 32,000 | 32,000 |
Due to former related party | 42,651 | 42,651 |
Total current liabilities | 1,497,998 | 744,667 |
Total liabilities | 1,497,998 | 744,667 |
COMMITMENTS AND CONTINGENCIES (see footnotes) | ||
Stockholders’ Equity (Deficit): | ||
Common stock, $0.001 par value, 500,000,000 shares authorized, 162,788,028 and 124,319,584 shares issued and outstanding, respectively | 162,788 | 124,320 |
Additional paid-in capital | 16,384,983 | 2,793,609 |
Common stock to be issued | 0 | 41,633 |
Stock subscription receivable | (50,000) | (20,000) |
Accumulated deficit | (15,058,400) | (3,172,791) |
Total stockholders’ equity (deficit) | 1,442,462 | (230,346) |
Total liabilities and stockholders’ deficit | 2,940,460 | 514,321 |
Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred Stock, Value, Issued | 0 | 0 |
Series A Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred Stock, Value, Issued | 1,000 | 1,000 |
Series B Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred Stock, Value, Issued | 1,883 | 1,883 |
Series C Preferred Stock [Member] | ||
Stockholders’ Equity (Deficit): | ||
Preferred Stock, Value, Issued | $ 208 | $ 0 |
BALANCE SHEETS (Parenthetical)
BALANCE SHEETS (Parenthetical) - USD ($) | Jun. 30, 2022 | Jun. 30, 2021 |
Discount | $ 191,248 | $ 191,248 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 25,000,000 | 25,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 162,788,028 | 124,319,584 |
Common stock, shares outstanding | 162,788,028 | 124,319,584 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 1,000,000 | 1,000,000 |
Preferred stock, shares outstanding | 1,000,000 | 1,000,000 |
Series B Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,900,000 | 1,900,000 |
Preferred stock, shares issued | 1,833,000 | 1,833,000 |
Preferred stock, shares outstanding | 1,833,000 | 1,833,000 |
Series C Preferred Stock [Member] | ||
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 207,500 | 0 |
Preferred stock, shares outstanding | 207,500 | 0 |
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Operating expenses: | ||
General and administrative | $ 1,897,581 | $ 94,508 |
General and administrative – related party | 12,000 | 15,000 |
Mine development | 791,500 | 0 |
Professional fees | 144,763 | 57,029 |
Consulting | 4,843,835 | 38,350 |
Director compensation | 2,111,500 | 90,000 |
Officer compensation | 952,500 | 155,000 |
Total operating expenses | 10,753,679 | 449,887 |
Loss from operations | (10,753,679) | (449,887) |
Other expense: | ||
Interest expense | (297,417) | (10,800) |
Change in fair value of derivative | (136,714) | 0 |
Loss on conversion of debt | (102,403) | (46,200) |
Loss on issuance of convertible debt | (575,396) | 0 |
Other expense | (20,000) | 0 |
Gain on forgiveness of debt | 0 | 3,870 |
Total other expense | (1,131,930) | (53,130) |
Loss before provision for income taxes | (11,885,609) | (503,017) |
Provision for income taxes | 0 | 0 |
Net loss | $ (11,885,609) | $ (503,017) |
STATEMENTS OF OPERATIONS (Paren
STATEMENTS OF OPERATIONS (Parenthetical) - $ / shares | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Income Statement [Abstract] | ||
Earnings Per Share, Basic | $ (0.08) | $ 0 |
Earnings Per Share, Diluted | $ (0.08) | $ 0 |
STATEMENT OF CHANGES IN STOCKHO
STATEMENT OF CHANGES IN STOCKHOLDER'S DEFICIT - USD ($) | Series A Preferred Stocks [Member] | Series B Preferred Stocks [Member] | Series C Preferred Stocks [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Common Stock To Be Issued [Member] | Stock Subscription Receivable [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Jun. 30, 2020 | $ 1,883 | $ 107,314 | $ 2,382,859 | $ 8,633 | $ (9,900) | $ (2,669,774) | $ (178,985) | ||
Beginning balance, shares at Jun. 30, 2020 | 1,833,000 | 107,313,334 | |||||||
Stock issued for services | $ 1,250 | 23,750 | 25,000 | ||||||
Stock issued for services, shares | 1,250,000 | ||||||||
Stock issued for debt | $ 6,375 | 222,325 | 228,700 | ||||||
Stock issued for debt , shares | 6,375,000 | ||||||||
Stock sold for cash | $ 9,381 | 97,119 | 33,000 | (10,100) | 129,400 | ||||
Stock sold for cash, shares | 9,381,250 | ||||||||
Stock issued for accrued officer compensation | $ 1,000 | 67,556 | 68,556 | ||||||
Stock issued for accrued officer compensation, shares | 1,000,000 | ||||||||
Net loss | (503,017) | (503,017) | |||||||
Ending balance, value at Jun. 30, 2021 | $ 1,000 | $ 1,883 | $ 124,320 | 2,793,609 | 41,633 | (20,000) | (3,172,791) | (230,346) | |
Ending balance, shares at Jun. 30, 2021 | 1,000,000 | 1,833,000 | 124,319,584 | ||||||
Stock issued for services | $ 9,866 | 9,042,634 | (3,000) | 9,049,500 | |||||
Stock issued for services, shares | 9,866,444 | ||||||||
Stock issued for services – related party | $ 4,500 | 2,757,000 | 2,761,500 | ||||||
Stock issued for services related party , shares | 4,500,000 | ||||||||
Stock issued for debt | $ 1,947 | 680,603 | (6,633) | 675,917 | |||||
Stock issued for debt , shares | 1,947,000 | ||||||||
Stock issued for acquisition | $ 200 | 299,800 | 300,000 | ||||||
Stock issued for acquisition , shares | 200,000 | ||||||||
Stock sold for cash | $ 21,955 | 604,045 | (32,000) | (30,000) | 564,000 | ||||
Stock sold for cash, shares | 21,955,000 | ||||||||
Preferred Stock sold for cash | $ 208 | 207,292 | 207,500 | ||||||
Preferred Stock sold for cash , shares | 207,500 | ||||||||
Net loss | (11,885,609) | (11,885,609) | |||||||
Ending balance, value at Jun. 30, 2022 | $ 1,000 | $ 1,883 | $ 208 | $ 162,788 | $ 16,384,983 | $ (50,000) | $ (15,058,400) | $ 1,442,462 | |
Ending balance, shares at Jun. 30, 2022 | 1,000,000 | 1,833,000 | 207,500 | 162,788,028 |
STATEMENTS OF CASH FLOWS
STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net loss | $ (11,885,609) | $ (503,017) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Common stock issued for services | 7,235,646 | 25,000 |
Common stock issued for services - related party | 2,761,500 | 0 |
Loss on conversion of debt | 102,403 | 46,200 |
Loss on issuance of convertible debt | 575,396 | 0 |
Other expense | 20,000 | 0 |
Change in fair value of derivative | 136,714 | 0 |
Debt discount amortization | 272,616 | 0 |
Gain of forgiveness of debt | 0 | (3,870) |
Changes in assets and liabilities: | ||
Prepaids and other assets | (47,350) | 0 |
Accounts payable | 34,382 | (22,253) |
Accrued expenses | 20,247 | 6,800 |
Accrued compensation | 34,425 | 95,566 |
Net cash used in operating activities | (739,630) | (355,574) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Prepaids and other assets | (200,000) | 0 |
Net cash used in investing activities | (200,000) | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds of borrowings from a related party | 0 | 53,433 |
Repayment to related party | 0 | (31,008) |
Proceeds from the sale of common stock | 544,000 | 129,400 |
Proceeds from the sale of preferred stock | 207,500 | 0 |
Proceeds from convertible note payable | 501,250 | 0 |
Proceeds from notes payable | 138,971 | 288,500 |
Payment on notes payable | (387,156) | (98,020) |
Net cash provided by financing activities | 1,004,565 | 342,305 |
Net change in cash | 64,935 | (13,269) |
Cash at the beginning of period | 6,789 | 20,058 |
Cash at the end of period | 71,724 | 6,789 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Interest paid | 0 | 0 |
Income taxes paid | 0 | 0 |
NON-CASH TRANSACTIONS: | ||
Conversion of debt | 97,154 | 182,500 |
Accrued compensation converted to common shares | 0 | 68,556 |
Common stock issued for investment | 300,000 | 0 |
Common stock issued for prepaid services | $ 1,813,854 | $ 0 |
NATURE OF BUSINESS
NATURE OF BUSINESS | 12 Months Ended |
Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
NATURE OF BUSINESS | NOTE 1 – NATURE OF BUSINESS Star Alliance International Corp. (“the Company”, “we”, “us”) was originally incorporated with the name Asteriko Corp. in the State of Nevada on April 17, 2014 under the laws of the state of Nevada, for the purpose of acquiring and developing gold mining as well as certain other mining properties worldwide. |
SIGNIFICANT AND CRITICAL ACCOUN
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES | 12 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES | NOTE 2 – SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES Basis of Presentation The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules of the Securities and Exchange Commission (“SEC”). Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no Long Lived Assets Property consists of mining equipment not yet used. Our company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. When we determine that the carrying value of long-lived assets may not be recoverable based upon the existence of one or more indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, we record an impairment charge. Our company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent in the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows. Stock-based Compensation The Company records stock-based compensation in accordance with FASB ASC Topic 718, “ Compensation – Stock Compensation Equity Based Payments to Non-Employees Net income (loss) per common share Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. The diluted loss per share is the same as the basic loss per share for the years ended July 31, 2022 and 2021, as the inclusion of any potential shares would have had an antidilutive effect due to our loss from operations. Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2022: Schedule Of Fair Value, Liabilities Measured on Recurring Basis Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231 |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Jun. 30, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 3 – GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has an accumulated deficit of $ 15,058,400 11,885,609 11,104,275 739,630 The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support its daily operations. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon its ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that may result should the Company be unable to continue as a going concern. |
ACQUISITION
ACQUISITION | 12 Months Ended |
Jun. 30, 2022 | |
Business Combination and Asset Acquisition [Abstract] | |
ACQUISITION | NOTE 4 – ACQUISITION On August 13, 2019, The Company closed an Asset Purchase Agreement (the “APA”) with Troy Mining Corporation (“Troy”). Under the APA, the company acquired 78 4,800 1,883,000 500,000 Under the Purchase Note, we paid $50,000 at the time of the closing, and are required to pay an additional $50,000 within sixty days of the closing, and $25,000 every other month thereafter, with the entire remaining amount due no later than March 31, 2020. In the event of default under the Purchase Note, all assets acquired under the APA will be forfeited back to Troy. We are current on all the terms of the agreement. On October 9, 2019, a contract extension was agreed between Star Alliance International Corporation and Troy Mining Corporation. The agreement gives the Company 150 days to file an S-1 registration statement and obtain approval for the shares that are to be issued to the Troy shareholders to become free trading. The S-1 registration was filed on August 14, 2020. On July 14, 2020 a contract extension was agreed between Star Alliance International Corporation and Troy Mining Corporation. The agreement provides for a sixty-day extension on the loan agreement with Troy mining Corporation and also an extension to file the S-1 registration. On February 16, 2021, a contract extension for ninety (90) days was signed between Troy Mining Corporation and Star Alliance International Corporation. On October 21, 2021, a contract extension for ninety (90) days was signed between Troy Mining Corporation and Star Alliance International Corporation and the remaining balance due under the note was paid. On November 22, 2021, a binding Letter of Intent was signed for the acquisition of 49 where the presence of gold is as little as 0.25 parts per million. This is a 51 On December 17, 2021, the Company agreed to purchase 51 250,000 75,000 On May 9, 2022, a binding letter of intent was signed for the acquisition of 51 100 2 million On May 11, 2022, a binding letter of intent was signed for the acquisition of 51 100 2 million On May 23, 2022, a binding letter of intent was signed for the acquisition of 75 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Jun. 30, 2022 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS On January 1, 2021, the employment agreements for Richard Carey and Anthony Anish were updated to include salaries of $ 180,000 120,000 52,600 99,828 48,628 126,778 60,000 Mr. Carey is using his personal office space at no cost to the Company. On January 10, 2022, the Company issued 1,000,000 1.40 1,400,000 On January 24, 2022, the Board of Directors appointed Mr. Weverson Correia as the Chief Executive Officer and Director of the Company. Mr. Correia was issued 500,000 1.55 772,500 On June 3, 2022, the Company issued 2,500,000 0.22 550,000 |
NOTES PAYABLE
NOTES PAYABLE | 12 Months Ended |
Jun. 30, 2022 | |
Debt Disclosure [Abstract] | |
NOTES PAYABLE | NOTE 6 – NOTES PAYABLE As of June 30, 2022 and 2021, the Company owed Kok Chee Lee, the former CEO and Director of the Company, $ 42,651 42,651 On June 1, 2018, the Company executed a promissory note in the amount of $ 32,000 5 December 1, 2018 6,562 6,159 On June 11, 2019, the company executed a promissory note with Troy for $ 500,000 50,000 0 On June 26, 2020, an individual loaned the Company $ 25,000 6,000 600,000 14,000 1,400,000 750,000 As of June 30, 2022 and 2021, the Company owes various other individuals and entities $ 119,215 467,380 |
CONVERTIBLE NOTES
CONVERTIBLE NOTES | 12 Months Ended |
Jun. 30, 2022 | |
Convertible Notes | |
CONVERTIBLE NOTES | NOTE 7 - CONVERTIBLE NOTES On March 28, 2022, we received short term financing from a private investor under a 10% Fixed Convertible Secured Promissory Note in the principal amount of $ 400,000 On June 8, 2022, the Company executed a 10 price per share equal to the 65 A summary of the activity of the derivative liability for the notes above is as follows: Schedule of derivative liabilities Balance at June 30, 2021 $ – Increase to derivative due to new issuances 552,517 Derivative loss due to mark to market adjustment 136,714 Balance at June 30, 2022 $ 689,231 A summary of quantitative information about significant unobservable inputs (Level 3 inputs) used in measuring the Company’s derivative liability that are categorized within Level 3 of the fair value hierarchy as of June 30, 2022, is as follows: Schedule of fair value assumptions Inputs June 30, Initial Stock price $ .1791 $ .24 .42 Conversion price $ .1061 .0816 $ .03 .2995 Volatility (annual) 199.87 369.39 256.36 381.28 Risk-free rate 1.28 2.8 0.59 2.29 Dividend rate – – Years to maturity .08 .94 .34 1 |
PREFERRED STOCK
PREFERRED STOCK | 12 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
PREFERRED STOCK | NOTE 8 – PREFERRED STOCK Of the 25,000,000 0.001 1,000,000 1,900,000 1,000,000 Series A Preferred Stock Each Share of Series A preferred stock shall have 500 votes per share and each share can be converted into 500 shares of common stock. The holders of the Series A preferred stock are not entitled to dividends. On July 2, 2020, the Board granted all 1,000,000 68,556 Series B Preferred Stock Only one person or entity, is entitled to be designated as the owner of all of the Series B Preferred Stock (the “Holder”), in whose name the initial certificates representing the Series B Preferred Stock shall be issued. Any transfer of the Series B Preferred Stock to a different Holder must be approved in advance by the Corporation; provided, however, the Holder shall have the right to transfer the Series B Preferred Stock, or any portion thereof, to any affiliate of Holder or nominee of Holder, without the approval of the Corporation. Each share of Preferred Stock shall have one vote per share. Holder is not entitled to dividends or distributions and each share of Series B Preferred Stock shall be convertible at the rate of two Common Shares for each one B Preferred stock. In conjunction with the APA with Troy, the company issued 1,883,000 7,532 3,666,000 On October 9, 2019, the parties have agreed to extend the date for filing the registration statement relating to the preferred shares of the Company to be issued to the Troy shareholders and that would in turn extend the date that the shares would become free trading. This extension will be for 150 days for filing the registration statement and obtaining approval for the shares to become free trading. All the remaining terms included in the contract will remain the same. Series C Preferred Stock On March 30, 2022, the Company created and designated 1,000,000 1.00 8 During the quarter ended June 30, 2022, the Company sold 207,500 207,500 |
COMMON STOCK
COMMON STOCK | 12 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 9 – COMMON STOCK During the year ended June 30, 2021, the Company granted 1,250,000 25,000 During the year ended June 30, 2021, the Company issued 1,375,000 46,200 During the year ended June 30, 2021, the Company sold 9,381,000 129,400 20,000 41,633 On August 1,2021, the Company granted 4,444 20,000 20,000 On November 11, 2021, the Company granted 4,000,000 2,000,000 2,000,000 On December 16, 2021, the Company granted 1,500,000 2,317,500 2,317,500 During the year ended June 30, 2022, the Company issued 4,362,000 4,712,000 During the year ended June 30, 2022, the Company issued 1,947,000 97,154 575,396 During the year ended June 30, 2022, the Company sold 21,955,000 564,000 50,000 4,770,000 Refer to Note 5 for shares issued to related parties. |
SIGNIFICANT TRANSACTIONS
SIGNIFICANT TRANSACTIONS | 12 Months Ended |
Jun. 30, 2022 | |
Significant Transactions | |
SIGNIFICANT TRANSACTIONS | NOTE 10 – SIGNIFICANT TRANSACTIONS On December 15, 2021, the Company signed a definitive agreement to purchase 51% of Compania Minera Metalurgica Centro Americana SA. (“Commsa”) for $ 1,000,000 5,000,000 7,500,000 This project, that runs along a 12.5 mile stretch of the Rio Jalan River, is a peaceful agrarian area, with only farmers and ranchers in the nearby five villages. The environmental licenses have been obtained and exploration is ongoing. The mines will be producing gold early in 2022 and will be expanded early next year. Local small mining operations are producing a minimum of 250 to 300 oz of gold per site per month while losing approximately 50% of the recoverable gold particles. Our expanded operations, using modern equipment and our new Genesis program, should result in up to a 98% rate of recoverable gold, leading to significantly higher quantities of gold per site. As an important part of this transaction, STAR has agreed to continue the distribution of aid to the five local villages with 2% of mining profits per village to be used for expanded school facilities, a medical center, college scholarships and a community center to be used by adults and kids alike. Additional projects, beneficial to the community, may be considered in the future. Gold resources are in excess of 1 million oz. This estimate came from a limited appraisal of the area in which the mines are located. This acquisition become effective in January, 2022. The Company has issued to date 250,000 75,000 On May 9, 2022, a binding letter of intent was signed for the acquisition of 51 100 2 million, On May 11, 2022, a binding letter of intent was signed for the acquisition of 51 100 2 million On May 23, 2022, a binding letter of intent was signed for the acquisition of 75 |
INCOME TAX
INCOME TAX | 12 Months Ended |
Jun. 30, 2022 | |
Income Tax Disclosure [Abstract] | |
INCOME TAX | NOTE 11 – INCOME TAX Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carry forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has evaluated Staff Accounting Bulletin No. 118 regarding the impact of the decreased tax rates of the Tax Cuts & Jobs Act. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. The U.S. federal income tax rate of 21% is being used due to the new tax law recently enacted. Net deferred tax assets consist of the following components as of June 30: Schedule of deferred tax assets 2022 2021 Deferred Tax Assets: NOL Carryover $ 830,300 $ 666,300 Less valuation allowance (830,300 ) (666,300 ) Net deferred tax assets $ – $ – At June 30, 2022, the Company had net operating loss carry forwards of approximately $ 830,300 No On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cut and Jobs Act (the “Tax Act”). The Tax Act establishes new tax laws that affects 2018 and future years, including a reduction in the U.S. federal corporate income tax rate to 21% effective January 1, 2018. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry forwards may be limited as to use in future years. ASC Topic 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company’s financial statements. Topic 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. The Company includes interest and penalties arising from the underpayment of income taxes in the statements of operations in the provision for income taxes. As of June 30, 2022, the Company had no accrued interest or penalties related to uncertain tax positions. With few exceptions, the Company is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years before 2015. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Jun. 30, 2022 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 12 – SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were available to be issued, and has determined that no material subsequent events exist other than the following. Subsequent to June 30, 2022, the Company issued 20,050,000 shares of common stock for services. On August 31, 2022, the Company sold 46,500 shares of Series C Preferred shares to Geneva Roth Remark Holdings Inc. On November 17, 2022, the Chairman, Richard Carey agreed to give 4 million of his own shares of common stock in exchange for $42,000 which was loaned to the Company |
SIGNIFICANT AND CRITICAL ACCO_2
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Policies) | 12 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules of the Securities and Exchange Commission (“SEC”). |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Cash equivalents | Cash equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. There were no |
Long Lived Assets | Long Lived Assets Property consists of mining equipment not yet used. Our company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying value may not be recoverable. When we determine that the carrying value of long-lived assets may not be recoverable based upon the existence of one or more indicators of impairment and the carrying value of the asset cannot be recovered from projected undiscounted cash flows, we record an impairment charge. Our company measures any impairment based on a projected discounted cash flow method using a discount rate determined by management to be commensurate with the risk inherent in the current business model. Significant management judgment is required in determining whether an indicator of impairment exists and in projecting cash flows. |
Stock-based Compensation | Stock-based Compensation The Company records stock-based compensation in accordance with FASB ASC Topic 718, “ Compensation – Stock Compensation Equity Based Payments to Non-Employees |
Net income (loss) per common share | Net income (loss) per common share Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. The diluted loss per share is the same as the basic loss per share for the years ended July 31, 2022 and 2021, as the inclusion of any potential shares would have had an antidilutive effect due to our loss from operations. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP) and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments as the notes bear interest rates that are consistent with current market rates. The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of June 30, 2022: Schedule Of Fair Value, Liabilities Measured on Recurring Basis Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231 |
SIGNIFICANT AND CRITICAL ACCO_3
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Tables) | 12 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Schedule Of Fair Value, Liabilities Measured on Recurring Basis | Schedule Of Fair Value, Liabilities Measured on Recurring Basis Description Level 1 Level 2 Level 3 Derivative $ – $ – $ 689,231 Total $ – $ – $ 689,231 |
CONVERTIBLE NOTES (Tables)
CONVERTIBLE NOTES (Tables) | 12 Months Ended |
Jun. 30, 2022 | |
Convertible Notes | |
Schedule of derivative liabilities | Schedule of derivative liabilities Balance at June 30, 2021 $ – Increase to derivative due to new issuances 552,517 Derivative loss due to mark to market adjustment 136,714 Balance at June 30, 2022 $ 689,231 |
Schedule of fair value assumptions | Schedule of fair value assumptions Inputs June 30, Initial Stock price $ .1791 $ .24 .42 Conversion price $ .1061 .0816 $ .03 .2995 Volatility (annual) 199.87 369.39 256.36 381.28 Risk-free rate 1.28 2.8 0.59 2.29 Dividend rate – – Years to maturity .08 .94 .34 1 |
INCOME TAX (Tables)
INCOME TAX (Tables) | 12 Months Ended |
Jun. 30, 2022 | |
Income Tax Disclosure [Abstract] | |
Schedule of deferred tax assets | Schedule of deferred tax assets 2022 2021 Deferred Tax Assets: NOL Carryover $ 830,300 $ 666,300 Less valuation allowance (830,300 ) (666,300 ) Net deferred tax assets $ – $ – |
SIGNIFICANT AND CRITICAL ACCO_4
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Details) | Jun. 30, 2022 USD ($) |
Fair Value, Inputs, Level 1 [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Derivative fair value | $ 0 |
Fair Value, Inputs, Level 1 [Member] | Derivative [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Derivative fair value | 0 |
Fair Value, Inputs, Level 2 [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Derivative fair value | 0 |
Fair Value, Inputs, Level 2 [Member] | Derivative [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Derivative fair value | 0 |
Fair Value, Inputs, Level 3 [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Derivative fair value | 689,231 |
Fair Value, Inputs, Level 3 [Member] | Derivative [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Derivative fair value | $ 689,231 |
SIGNIFICANT AND CRITICAL ACCO_5
SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES (Details Narrative) - USD ($) | Jun. 30, 2022 | Jun. 30, 2021 |
Accounting Policies [Abstract] | ||
Cash equivalents | $ 0 | $ 0 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Accumulated deficit | $ 15,058,400 | $ 3,172,791 |
Net loss | 11,885,609 | 503,017 |
Noncash expense | 11,104,275 | |
Net cash used in operating activities | $ 739,630 | $ 355,574 |
ACQUISITION (Details Narrative)
ACQUISITION (Details Narrative) | 1 Months Ended | |||||||
May 11, 2022 USD ($) | May 09, 2022 USD ($) | Dec. 17, 2021 USD ($) shares | Nov. 22, 2021 | Aug. 13, 2020 USD ($) Integer a shares | Aug. 13, 2019 shares | May 23, 2022 | Mar. 23, 2022 | |
Star Alliance International Corp [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Subsidiary percentage | 51% | |||||||
Wyoming Corporation [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Ownership percentage | 100% | 100% | ||||||
Genesis [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition percentage | 49% | |||||||
Compania Minera Metalurgica Centro Americana [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Number of shares issued at shares | shares | 250,000 | |||||||
Business acquisition percentage | 51% | |||||||
Purchase price | $ 75,000 | |||||||
Nsm [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition percentage | 51% | |||||||
Acquisition cost | $ 2,000,000 | |||||||
Ngm [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition percentage | 51% | |||||||
Acquisition cost | $ 2,000,000 | |||||||
Magma International Inc [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Business acquisition percentage | 75% | 75% | ||||||
Asset Purchase Agreement [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Note payable issued | $ 500,000 | |||||||
Asset Purchase Agreement [Member] | Series B Preferred Stock [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Number of shares issued at shares | shares | 1,883,000 | 1,883,000 | ||||||
Asset Purchase Agreement [Member] | Troy [Member] | ||||||||
Business Acquisition [Line Items] | ||||||||
Number of mining claims | Integer | 78 | |||||||
Acreage of mining claims | a | 4,800 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | 12 Months Ended | |||||
Jun. 03, 2022 | Jan. 10, 2022 | Jun. 30, 2022 | Dec. 16, 2021 | Jun. 30, 2021 | Jan. 10, 2020 | |
Related Party Transaction [Line Items] | ||||||
Common stock shares issued | 162,788,028 | 124,319,584 | ||||
Common stock value per share | $ 0.001 | $ 0.001 | ||||
Non cash expense | $ 11,104,275 | |||||
Themis Glatman [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Common stock shares issued | 1,000,000 | |||||
Common stock value per share | $ 1.40 | |||||
Non cash expense | $ 1,400,000 | |||||
Weverson Correia [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Common stock shares issued | 500,000 | |||||
Common stock value per share | $ 1.55 | |||||
Non cash expense | 772,500 | |||||
Anthony Anish [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Common stock shares issued | 2,500,000 | |||||
Common stock value per share | $ 0.22 | |||||
Non cash expense | $ 550,000 | |||||
Anthony Anish [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Due to related party | 180,000 | $ 120,000 | ||||
Accrued compensation | 99,828 | 126,778 | ||||
Richard Carey [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Accrued compensation | 52,600 | $ 48,628 | ||||
John Baird [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Accrued compensation | $ 60,000 |
NOTES PAYABLE (Details Narrativ
NOTES PAYABLE (Details Narrative) - USD ($) | 1 Months Ended | 11 Months Ended | 12 Months Ended | |||||||
Jun. 03, 2022 | Apr. 30, 2021 | Jul. 27, 2020 | Aug. 13, 2019 | Jun. 01, 2018 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 26, 2020 | Mar. 28, 2022 | Jun. 11, 2019 | |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Debt face amount | $ 400,000 | |||||||||
Proceeds from note payable | $ 138,971 | $ 288,500 | ||||||||
Due to related party | 119,215 | 467,380 | ||||||||
Kok Chee Lee [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Note payable | 42,651 | 42,651 | ||||||||
Former Secy Of Board [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Debt face amount | $ 32,000 | |||||||||
Debt stated interest rate | 5% | |||||||||
Debt maturity date | Dec. 01, 2018 | |||||||||
Accrued interest | 6,562 | $ 6,159 | ||||||||
Troy [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Note payable | $ 0 | |||||||||
Debt face amount | $ 500,000 | |||||||||
Repayment of debt | $ 50,000 | |||||||||
An Individual [Member] | ||||||||||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | ||||||||||
Proceeds from note payable | $ 25,000 | |||||||||
Debt converted, amount converted | $ 14,000 | $ 6,000 | ||||||||
Debt converted, shares issued | 750,000 | 1,400,000 | 600,000 |
CONVERTIBLE NOTES (Details)
CONVERTIBLE NOTES (Details) | 12 Months Ended |
Jun. 30, 2022 USD ($) | |
Convertible Notes | |
Derivative Liability, beginning | $ 0 |
Increase to derivative due to new issuances | 552,517 |
[custom:DerivativeLossDueToMarkToMarketAdjustment] | 136,714 |
Derivative Liability, ending | $ 689,231 |
CONVERTIBLE NOTES (Details 1)
CONVERTIBLE NOTES (Details 1) - $ / shares | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Stock price | $ 0.1791 | |
Dividend rate | 0% | 0% |
Minimum [Member] | ||
Stock price | $ 0.24 | |
Conversion price | $ 0.1061 | $ 0.03 |
Volatility (annual) | 199.87% | 256.36% |
Risk-free rate | 1.28% | 0.59% |
Years to maturity | 29 days | 4 months 2 days |
Maximum [Member] | ||
Stock price | $ 0.42 | |
Conversion price | $ 0.0816 | $ 0.2995 |
Volatility (annual) | 369.39% | 381.28% |
Risk-free rate | 2.80% | 2.29% |
Years to maturity | 11 months 8 days | 1 year |
CONVERTIBLE NOTES (Details Narr
CONVERTIBLE NOTES (Details Narrative) - USD ($) | Jun. 08, 2022 | Mar. 28, 2022 |
Debt Instrument [Line Items] | ||
Principal amount | $ 400,000 | |
Conversion of debt, percentage | 65% | |
Fast Capital L L C [Member] | ||
Debt Instrument [Line Items] | ||
Interest rate | 10% |
PREFERRED STOCK (Details Narrat
PREFERRED STOCK (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | ||||
Jul. 02, 2020 | Aug. 13, 2020 | Aug. 13, 2019 | Jun. 30, 2022 | Jun. 30, 2021 | Mar. 30, 2022 | |
Class of Stock [Line Items] | ||||||
Preferred stock, shares authorized | 25,000,000 | 25,000,000 | ||||
Preferred stock, par value | $ 0.001 | $ 0.001 | ||||
Stock issued for compensation, value | $ 68,556 | |||||
Stock issued for acquisition, value | $ 300,000 | |||||
Series A Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | ||||
Preferred stock, par value | $ 0.001 | $ 0.001 | ||||
Series A Preferred Stock [Member] | Richard Carey [Member] | ||||||
Class of Stock [Line Items] | ||||||
Stock issued for compensation, shares | 1,000,000 | |||||
Stock issued for compensation, value | $ 68,556 | |||||
Series B Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred stock, shares authorized | 1,900,000 | 1,900,000 | ||||
Preferred stock, par value | $ 0.001 | $ 0.001 | ||||
Common stock to be issued | 3,666,000 | |||||
Series B Preferred Stock [Member] | Asset Purchase Agreement [Member] | ||||||
Class of Stock [Line Items] | ||||||
Stock issued for acquisition, shares | 1,883,000 | 1,883,000 | ||||
Stock issued for acquisition, value | $ 7,532 | |||||
Series C Preferred Stock [Member] | ||||||
Class of Stock [Line Items] | ||||||
Preferred stock, shares authorized | 1,000,000 | 1,000,000 | 1,000,000 | |||
Preferred stock, par value | $ 0.001 | $ 0.001 | $ 1 | |||
Annual cumulative dividend percentage | 8% | |||||
Number of shares sold | 207,500 | |||||
Proceeds from the sale of preferred stock | $ 207,500 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | 1 Months Ended | 12 Months Ended | |||
Nov. 11, 2021 | Aug. 02, 2021 | Dec. 16, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Class of Stock [Line Items] | |||||
Stock issued for services, value | $ 9,049,500 | $ 25,000 | |||
Loss on conversion of debt | (102,403) | (46,200) | |||
Proceeds from sale of stock | 544,000 | 129,400 | |||
Common stock subscription receivable | 50,000 | 20,000 | |||
Common stock to be issued | $ 0 | $ 41,633 | |||
Common Stock [Member] | |||||
Class of Stock [Line Items] | |||||
Debt converted, shares issued | 1,947,000 | 1,375,000 | |||
Loss on conversion of debt | $ 575,396 | $ 46,200 | |||
Debt converted, amount converted | $ 97,154 | ||||
Common Stock [Member] | Services [Member] | |||||
Class of Stock [Line Items] | |||||
Stock issued for services, shares | 1,250,000 | ||||
Stock issued for services, value | $ 25,000 | ||||
Common Stock [Member] | Stock Sale [Member] | |||||
Class of Stock [Line Items] | |||||
Stock sold for cash, shares | 21,955,000 | 9,381,000 | |||
Proceeds from sale of stock | $ 564,000 | $ 129,400 | |||
Common Stock [Member] | Services 1 [Member] | |||||
Class of Stock [Line Items] | |||||
Stock issued for services, shares | 4,444 | ||||
Stock issued for services, value | $ 20,000 | ||||
Amortized amount | $ 20,000 | ||||
Common Stock [Member] | Services 2 [Member] | |||||
Class of Stock [Line Items] | |||||
Stock issued for services, shares | 4,000,000 | ||||
Stock issued for services, value | $ 2,000,000 | ||||
Amortized amount | $ 2,000,000 | ||||
Common Stock [Member] | Services 3 [Member] | |||||
Class of Stock [Line Items] | |||||
Stock issued for services, shares | 1,500,000 | ||||
Stock issued for services, value | $ 2,317,500 | ||||
Amortized amount | $ 2,317,500 | ||||
Common Stock [Member] | Services 4 [Member] | |||||
Class of Stock [Line Items] | |||||
Stock issued for services, shares | 4,362,000 | ||||
Stock issued for services, value | $ 4,712,000 | ||||
Common Stock [Member] | Sold In Prior Year [Member] | |||||
Class of Stock [Line Items] | |||||
Stock sold for cash, shares | 4,770,000 |
SIGNIFICANT TRANSACTIONS (Detai
SIGNIFICANT TRANSACTIONS (Details Narrative) - USD ($) | 1 Months Ended | ||||||||
May 11, 2022 | May 09, 2022 | Dec. 15, 2021 | Dec. 17, 2021 | Dec. 17, 2021 | Jun. 30, 2022 | May 23, 2022 | Mar. 23, 2022 | Jun. 30, 2021 | |
Restructuring Cost and Reserve [Line Items] | |||||||||
Cash | $ 1,000,000 | $ 71,724 | $ 6,789 | ||||||
Restricted shares of common stock | 5,000,000 | ||||||||
Working capital | $ 7,500,000 | ||||||||
Wyoming Corporation [Member] | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Ownership percentage | 100% | 100% | |||||||
Compania Minera Metalurgica Centro Americana [Member] | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Stock Issued During Period, Shares, New Issues | 250,000 | ||||||||
[custom:PurchasePrice] | $ 75,000 | ||||||||
Business acquisition percentage | 51% | 51% | |||||||
Nsm [Member] | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Business acquisition percentage | 51% | ||||||||
Acquisition cost | $ 2,000,000 | ||||||||
Ngm [Member] | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Business acquisition percentage | 51% | ||||||||
Acquisition cost | $ 2,000,000 | ||||||||
Magma International Inc [Member] | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Business acquisition percentage | 75% | 75% |
INCOME TAX (Details)
INCOME TAX (Details) - USD ($) | Jun. 30, 2022 | Jun. 30, 2021 |
Deferred Tax Assets: | ||
NOL Carryover | $ 830,300 | $ 666,300 |
Less valuation allowance | (830,300) | (666,300) |
Net deferred tax assets | $ 0 | $ 0 |
INCOME TAX (Details Narrative)
INCOME TAX (Details Narrative) - USD ($) | Jun. 30, 2022 | Jun. 30, 2021 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carryforward | $ 830,300 | |
Tax benefit | $ 0 | $ 0 |