Paramount Gold Nevada (PZG) 10-K 26 Sep 24 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2024	Sep. 24, 2024	Dec. 31, 2023
Cover [Abstract]
Entity Registrant Name	PARAMOUNT GOLD NEVADA CORP.
Entity Central Index Key	0001629210
Current Fiscal Year End Date	--06-30
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Trading Symbol	PZG
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Entity Shell Company	false
Entity File Number	001-36908
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSEAMER
Entity Tax Identification Number	98-0138393
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	665 Anderson Street
Entity Address, City or Town	Winnemucca
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89445
City Area Code	775
Local Phone Number	625-3600
Document Annual Report	true
Document Transition Report	false
Entity Common Stock Shares Outstanding		65,159,223
Entity Public Float			$ 17,349,313
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Documents Incorporated by Reference [Text Block]	DOCUMENTS INCORPORATED BY REFERENCE Portions of the Registrant’s Definitive Proxy Statement relating to the Annual Meeting of Shareholders (the “2024 Proxy Statement”) are incorporated by reference into Part III of this Report where indicated. The 2024 Proxy Statement will be filed with the U.S. Securities Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
Auditor Name	Moss Adams LLP
Auditor Location	Denver, Colorado
Auditor Firm ID	659

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Current Assets
Cash and cash equivalents	$ 5,423,059	$ 824,920
Prepaid expenses and deposits	1,319,743	1,472,286
Total Current Assets	6,742,802	2,297,206
Non-Current Assets
Mineral properties	49,069,413	51,458,261
Reclamation bonds	546,176	546,176
Property and equipment	3,221	4,579
Total Non-Current Assets	49,618,810	52,009,016
Total Assets	56,361,612	54,306,222
Current Liabilities
Accounts payable and accrued liabilities	563,806	937,219
Reclamation and environmental obligation, current portion	$ 120,000	2,560,515
2019 convertible notes		3,614,465
2019 convertible notes, related parties		$ 658,363
Other Liability, Current, Related Party, Type [Extensible Enumeration]	2019 convertible notes, related parties	2019 convertible notes, related parties
Notes payable, related party		$ 1,579,397
Total Current Liabilities	$ 683,806	9,349,959
Non-Current Liabilities
Debt liability of royalty convertible debenture, net	11,456,523
Derivative liability of royalty convertible debenture	3,642,105
Deferred tax liability	273,450	240,043
Reclamation and environmental obligation, non-current portion	2,150,288	1,876,387
Total Non-Current Liabilities	17,522,366	2,116,430
Total Liabilities	18,206,172	11,466,389
Commitments and Contingencies (Note 14)
Stockholders' Equity
Common stock, par value $0.01, 200,000,000 authorized shares, 65,044,305 issued and outstanding at June 30, 2024 and 200,000,000 authorized shares, 54,812,248 issued and outstanding at June 30, 2023	650,444	548,124
Additional paid in capital	119,883,235	116,613,503
Accumulated deficit	(82,378,239)	(74,321,794)
Total Stockholders' Equity	38,155,440	42,839,833
Total Liabilities and Stockholders' Equity	$ 56,361,612	$ 54,306,222

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	65,044,305	54,812,248
Common stock, shares outstanding	65,044,305	54,812,248

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Expenses
Exploration and development	$ 2,061,618	$ 2,423,556
Reclamation	2,605,799	172,153
Land holding costs	647,497	632,484
Professional fees	337,628	377,822
Salaries and benefits	1,505,912	1,238,895
Directors' compensation	199,590	143,192
General and administrative	688,537	774,817
Accretion	442,234	446,245
Total Expenses	8,488,815	6,209,164
Net Loss Before Other Expense	8,488,815	6,209,164
Other Expense (Income)
Other income	(2,511,660)	(184,059)
Change in derivative liability on royalty convertible debenture	881,727
Interest and service charges	1,164,156	463,010
Net Loss before Income Taxes	8,023,038	6,488,115
Income Taxes
Deferred tax expense (benefit)	33,407	(37,584)
Net Loss	$ 8,056,445	$ 6,450,531
Loss per Common Share
Basic	$ 0.13	$ 0.13
Diluted	$ 0.13	$ 0.13
Weighted Average Number of Common Shares Used in Per Share Calculations
Basic	59,891,837	48,695,858
Diluted	59,891,837	48,695,858

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Total	Common Stock	Additional Paid-In Capital	Deficit
Balance at Jun. 30, 2022	$ 46,399,750	$ 465,912	$ 113,805,101	$ (67,871,263)
Balance (in shares) at Jun. 30, 2022		46,591,081
Stock based compensation	$ 349,992	$ 4,255	345,737
Stock based compensation (in shares)	425,500	425,500
Capital issued for financing	$ 2,219,796	$ 69,961	2,149,835
Capital issued for financing (in shares)		6,996,054
Capital issued for payment of interest	320,826	$ 7,996	312,830
Capital issued for payment of interest (in shares)		799,613
Net loss	(6,450,531)			(6,450,531)
Balance at Jun. 30, 2023	$ 42,839,833	$ 548,124	116,613,503	(74,321,794)
Balance (in shares) at Jun. 30, 2023	54,812,248	54,812,248
Stock based compensation	$ 331,095	$ 7,095	324,000
Stock based compensation (in shares)	709,500	709,500
Capital issued for financing	$ 1,923,120	$ 63,798	1,859,322
Capital issued for financing (in shares)		6,379,754
Capital issued for payment of interest	1,117,837	$ 31,427	1,086,410
Capital issued for payment of interest (in shares)		3,142,803
Net loss	(8,056,445)			(8,056,445)
Balance at Jun. 30, 2024	$ 38,155,440	$ 650,444	$ 119,883,235	$ (82,378,239)
Balance (in shares) at Jun. 30, 2024	65,044,305	65,044,305

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement of Cash Flows [Abstract]
Net Loss	$ (8,056,445)	$ (6,450,531)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation	1,358	1,934
Stock based compensation	331,095	349,992
Amortization of debt issuance costs	91,874	51,018
Non-cash interest expense	964,069	240,702
Accretion expense	442,234	446,245
Settlement of asset retirement obligations	(120,000)	(120,001)
Change in reclamation bonds accounts		(1,200)
Change in derivative liability	881,727
Deferred tax expense (benefit)	33,407	(37,584)
Effect of changes in operating working capital items:
Change in prepaid expenses	152,543	(191,391)
Change in accounts payable	(131,209)	458,484
Cash used in operating activities	(5,409,347)	(5,252,332)
Cash flows from investing activities:
Increase of reclamation bond		(46,700)
Purchase of mineral properties	(100,000)	(80,000)
Cash used in investing activities	(100,000)	(126,700)
Cash flows from financing activities
Capital issued for financing, net of share issuance costs	1,923,120	2,219,796
Proceeds from royalty convertible debenture	15,000,000
Royalty convertible debenture issuance costs	(870,111)
Repayment of 2019 convertible notes	(4,277,690)
Proceeds from notes payable, related parties		1,500,000
Repayment of notes payable, related parties	(1,667,833)
Cash provided by financing activities	10,107,486	3,719,796
Change in cash during period	4,598,139	(1,659,236)
Cash at beginning of period	824,920	2,484,156
Cash at end of period	$ 5,423,059	$ 824,920

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (8,056,445)	$ (6,450,531)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Note 1. Description of Business and Summary of Significant Accounting Policies Paramount Gold Nevada Corp. (the “Company” or “Paramount”), incorporated under the General Corporation Law of the State of Nevada, and its wholly-owned subsidiaries are engaged in the acquisition, exploration and development of precious metal properties. The Company’s wholly owned subsidiaries include New Sleeper Gold LLC, Sleeper Mining Company, LLC, and Calico Resources USA Corp (“Calico”). The Company is in the process of exploring its mineral properties in Nevada and Oregon, United States. The Company’s activities are subject to significant risks and uncertainties, including the risk of failing to secure additional funding to advance its projects and the risks of determining whether these properties contain reserves that are economically recoverable. The Company’s shares of common stock trade on the NYSE AMERICAN LLC under the symbol “PZG”. Basis of Presentation and Preparation The consolidated financial statements are prepared by management in accordance with U.S. generally accepted accounting principles (‘U.S. GAAP”) and are presented in US dollars. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions are eliminated in consolidation. Foreign Currency Translation and Transactions The Company’s functional and reporting currency is the United States dollar. Foreign denominated monetary assets and liabilities are translated into their U.S. dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Income and expenses are translated at average rates of exchange during the period. Related translation adjustments as well as gains or losses resulting from foreign currency transactions are reported as part of operating expenses on the statement of operations and comprehensive loss. 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, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made by management in the accompanying consolidated financial statements include the adequacy of the Company’s reclamation and environmental obligation, share based compensation, valuation of deferred tax asset, and assessment of impairment of mineral properties. Cash and Cash Equivalents All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash and cash equivalents. The carrying amount of these securities approximates fair value because of the short-term maturity of these instruments. Concentration of Credit Risk Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents. The Company maintains cash in accounts which may, at times, exceed federally insured limits. At June 30, 2024 and 2023, the Company had $ 5.2 million and $ 0.6 million, respectively, of balances in excess of federally insured limits. The Company deposits its cash with financial institutions which it believes have sufficient credit quality to minimize the risk of loss . Fair Value Measurements The Company has adopted FASB ASC 820, Fair Value Measurements and Disclosures, which defines fair value, establishes guidelines for measuring fair value and expands disclosures regarding fair value measurements. The Company applies fair value accounting for all financial assets and liabilities and non – financial assets and liabilities that are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company has adopted FASB ASC 825, Financial Instruments, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments. Stock Based Compensation Stock-based compensation cost is measured at the grant date and based on the calculated fair value of the award. For grants to employees an expense is recognized over the employee’s requisite service period (generally the vesting period of the equity grant) using the graded vesting method. For grants to non-employees, an expense is recognized when the good or service is received. For options with performance conditions, the Company accrues compensation if it is probable that the performance condition will be achieved and recognizes the compensation cost over the requisite service period. The requisite service period for options with performance conditions is estimated based on the analysis of the terms of the award and the specific performance conditions. The Company shall recognize the effect of forfeited awards in compensation cost when they occur. New shares of the Company’s common stock will be issued for any options exercised. The fair value of Restricted Share Units ("RSUs") and stock awards are based on the Company's stock price on the day of grant. Stock based compensation expense related to RSUs and stock awards is generally recognized over the requisite service period using the graded vesting method. Vesting dates for RSUs with performance conditions are determined by an analysis of the implicit service period of the performance target. The Company shall recognize the effect of forfeited awards in compensation cost when they occur. New shares of the Company's common stock will be issued for any RSUs that vest to recipient. Mineral Properties Mineral property acquisition costs are capitalized when incurred and will be amortized using the units-of-production method over the estimated life of the reserve following the commencement of production. If a mineral property is subsequently abandoned or impaired, any capitalized costs will be expensed in the period of abandonment or impairment. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral properties. Net proceeds from the sale of royalties are deducted from the carrying value of the mineral properties. The recoverability of the costs incurred for the exploration and development of precious mineral properties is dependent on the ability of the Company to obtain the necessary financing to advance the projects to production, upon future profitable production or from proceeds from sale of properties or production royalties. The Company will continue to incur losses and have negative cash flows from operating activities and as such we will require additional capital to fund exploration and development programs, future property acquisitions and for general corporate purposes. If the Company is unable to obtain additional funding, we may be unable to continue its operations, and amounts realized for assets may be less than amounts reflected in these consolidated financial statements. Exploration Costs Exploration costs, which include maintenance, development and exploration of mineral claims, are expensed as incurred. When it is determined that a mineral deposit can be economically developed as a result of establishing proven and probable reserves and all regulatory operating permits have been secured, the costs incurred after such determination will be capitalized until the commencement of production and amortized over their useful lives. To date, the Company has not established the commercial feasibility and received the necessary regulatory operating permits for any of its exploration prospects; therefore, all exploration costs are being expensed. Property and Equipment Equipment is recorded at cost less accumulated depreciation. All equipment is depreciated over its estimated useful life at the following annual rates: Computer equipment 30 % declining balance Equipment 20 % declining balance Impairment of Long-Lived Assets The Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. The Company assesses the carrying value of mineral properties for whenever information or events indicate the potential for impairment. This would include our inability to obtain all the necessary regulatory permits to build and operate mines related to our mineral properties, government actions, the results of exploration activities and technical evaluations and changes in key economic conditions such as the price of gold and silver or key inputs to the building and operating of a mine including initial capital, yearly production levels and operating expenses. We compare estimated future net cash flows with our carrying costs and future obligations on an undiscounted basis. The undiscounted cash flows are based on the amounts we expect to receive from the sale of gold and silver produced from the mine, the level of operating expenses we expect to incur to produce the gold and silver that is recovered from the mineral deposit and the level of capital expected to build, operate and sustain the mine operations. If it is determined that the estimated future undiscounted cash flows are less than the carrying value of the property, a write-down to the estimated fair value will be reported in our Consolidated Statement of Operations for the period. There has been no impairment of our mineral properties for the fiscal years-ended June 30, 2024 and 2023. Reclamation and Environmental Obligation The Company follows the provisions of ASC 410, “Asset Retirement and Environmental Obligations”, which establishes the standards for the initial measurement and subsequent accounting for obligations associated with the sale, abandonment, or other disposal of long-lived tangible assets arising from the acquisition, construction or development and for normal operations of such assets. The fair value of a liability for an asset retirement obligation will be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The fair value of the liability is added to the carrying amount of the associated asset. An accretion cost, representing the increase over time in the present value of the liability, is recorded each period. As reclamation work is performed or liabilities are otherwise settled, the recorded amount of the liability is reduced. Future reclamation costs are accrued based on management’s best estimate at the end of each period of the discounted costs expected to be incurred for the asset. Such costs include facilities removal, earthworks, revegetation and on-going monitoring. Changes in estimates are reflected prospectively in the period an estimate is revised. Net Loss per Share Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of shares outstanding during each period. Diluted loss per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the years ended June 30, 2024 and 2023, the shares of common stock equivalents related to outstanding stock options, restricted share units and shares upon conversion of the 2019 notes have not been included in the diluted per share calculation as they are anti-dilutive as the Company has recorded a net loss from continuing operations for each year. Leases The Company determines if an arrangement is, or contains, a lease at the inception date. Right-of-use (“ROU”) assets related to operating leases are included in Other assets, non-current with related liabilities included in Accrued liabilities and Other long-term liabilities . ROU assets under finance leases, which primarily represent property and equipment, are included in Property, plant and equipment, net with related liabilities in debt, current and debt, non-current on the Consolidated Balance Sheet. Operating lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. We use our estimated incremental borrowing rate in determining the present value of lease payments. Variable components of the lease payments such as maintenance costs are expensed as incurred and not included in determining the present value. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense is recognized on a straight-line basis over the lease term. Currently, the Company does not have any leases with terms greater than 12 months. Convertible Debt The Company reviews the terms of its convertible notes payable to determine whether to account for any portion of the proceeds towards the conversion feature. In general, when the convertible notes instrument has the following characteristics and terms no portion of the proceeds from the issuance shall be accounted for as attributable to the conversion feature: a) is convertible into common stock of the Company at a specified price at the option of holder; b) the debt is sold at a price or has value at issuance not significantly in excess of the face amount; c) an interest rate that is lower than the Company could establish for nonconvertible debt; d) an initial conversion price that is greater than the fair value of the common stock at time of issuance and; e) a conversion price that does not decrease except pursuant to antidilution provisions. When proceeds are not attributable to the conversion features of the debt, the Company records the entire amount as a liability. If the fair value option is not elected, the Company will reduce the initial carrying amount of the debt by any direct and incremental issuance costs paid to third parties that are associated with the convertible debt issuance. The Company also reviews the terms of its convertible notes payable to determine whether there are embedded derivatives, including the embedded conversion option, that are required to be bifurcated and accounted for as individual derivative financial instruments. In circumstances where convertible debt contains embedded derivatives that are required to be separated from the host contracts, the total proceeds received are first allocated to the fair value of the derivative financial instruments determined using the binomial model. The remaining proceeds, if any, are then allocated to the debenture cost contracts, usually resulting in those instruments being recorded at a discount from their principal amount. This discount is accreted over the expected life of the instruments to profit (loss) using the effective interest method. The debenture host contracts are subsequently recorded at amortized cost at each reporting date, using the effective interest method. The embedded derivatives are subsequently recorded at fair value at each reporting date, with changes in fair value recognized in profit (loss). Derivative Liability The Company reviews the terms of its convertible loans to determine whether there are embedded derivatives that are required to be bifurcated and accounted for as individual derivative financial instruments. The Company determined that a conversion feature embedded in its convertible loan is required to be accounted for separately from the convertible loan as a derivative liability and recorded at fair value and the remaining value allocated to the convertible loan net the unamortized debt issuance costs. The derivative liability will be fair valued at each reporting period, with changes in fair value recorded as a gain or loss in the Consolidated Statement of Operations. Income Taxes Income taxes are determined using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. Potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future periods; and accordingly is offset by a valuation allowance. To the extent interest and penalties may be assessed by taxing authorities on any underpayment of income tax, such amounts would be accrued and classified as a component of income tax expense in our Consolidated Statements of Operations and Comprehensive Loss.

Recent Accounting Guidance

Recent Accounting Guidance	12 Months Ended
	Jun. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Guidance	Note 2. Recent Accounting Guidance In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures. The ASU requires that an entity disclose significant segment expenses impacting profit and loss that are regularly provided to the chief operating decision maker. The update is required to be applied retrospectively to prior periods presented, based on the significant segment expense categories identified and disclosed in the period of adoption. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that adopting this update will have on its financial statement disclosures.

Going Concern

Going Concern	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Going Concern	Note 3. Going Concern The Company has not generated any revenues or cash flows from operations to date. As such the Company is subject to all the risks associated with development stage companies. Since inception, the Company has incurred losses and negative cash flows from operating activities which have been funded from the issuance of common stock, convertible notes, note payable and the sale of royalties on its mineral properties. The Company does not expect to generate positive cash flows from operating activities in the near future, if at all, until such time it successfully initiates production at its Grassy Mountain Project, including obtaining construction financing, completing the construction of the proposed mine and anticipates incurring operating losses for the foreseeable future. The Consolidated Interim Financial Statements of the Company have been prepared on a “going concern” basis, which means that the continuation of the Company is presumed even though events and conditions exist that, when considered in aggregate, raise substantial doubt about the Company’s ability to continue as a going concern because it is possible that the Company will be required to adversely change its current business plan or may be unable to meet its obligations as they become due within one year after the date that these financial statements were issued. Paramount expects to continue to incur losses as a result of costs and expenses related to maintaining its properties and general and administrative expenses. Since 2015, the Company has relied on equity financings, debt financings and sale of royalties to fund its operations and the Company expects to rely on these forms of financing to fund operations into the near future. Paramount’s current business plan requires working capital to fund non-discretionary expenditures for its exploration and development activities on its mineral properties, mineral property holding costs and general and administrative expenses. Subsequent to September 26, 2024, the Company expects to fund operations as follows: • Existing cash on hand and working capital. • The existing ATM with Cantor Fitzgerald & Co. and A.G.P/Alliance Global Partners. • Insurance proceeds to fund reclamation and environmental obligations at its Sleeper Gold Project. • Equity financings and sale of royalties. At June 30, 2024, the Company’s cash balance was $ 5,423,059 . During the month of December 2023, the Company entered into a Secured Royalty Convertible Debenture (the “Debenture”) (Note 6) in favor of Sprott Private Resource Streaming and Royalty (US Collector), LP, as agent for itself and certain affiliates (collectively, “Sprott”). Pursuant to the Debenture, Sprott advanced $ 15,000,000 to Paramount, which will be used to fund the continued permitting of the proposed Grassy Mountain Gold Mine and for general corporate purposes. Proceeds from the Debenture were also used for the repayment of the Company’s outstanding 2019 secured convertible notes and notes payable, related parties. After the repayment of debt and transaction costs the net proceeds available to the Company after the Sprott transaction were $ 8,369,602 . Historically, we have been successful in accessing capital through equity and debt financing arrangements or by the sale of royalties on its mineral properties, no assurance can be given that additional financing will be available to it in amounts sufficient to meet its needs, or on terms acceptable to the Company. In the event that we are unable to obtain additional capital or financing, our operations, exploration and development activities would be significantly adversely affected. The continuation of the Company as a going concern is dependent on having sufficient capital to maintain our operations. In considering our financing plans and our current working capital position the Company believes there is substantial doubt about its ability to continue as a going concern twelve months after the date that our financial statements are issued.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 4. Fair Value Measurements Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization with the hierarchy upon the lowest level of input that is available and significant to the fair value measurement: The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy under ASC 820 are described below: Level 1 Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2 Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 Inputs that are both significant to the fair value measurement and unobservable. Financial assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. As required by ASC 820, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our financial instruments include cash, accounts payable, accrued liabilities, notes payable, the royalty conversion option on the Debenture (see Note 7) and convertible debt. Due to their short maturity of our cash, accounts payable, notes payable and accrued liabilities, we believe that their carrying amounts approximate fair value as of June 30, 2024 and June 30, 2023. The Company determined that the Royalty conversion feature (Note 7) embedded in the Debenture is required to be accounted for separately from the Debenture as a derivative liability and recorded at fair value and the remaining value allocated to the Debenture net the unamortized debt issuance costs. The derivative liability will be fair valued at each reporting period, with changes in fair value recorded as a gain or loss in the Consolidated Statement of Operations. During the year ended June 30, 2024, the fair value derivative liability increased by $ 881,727 and it was recorded in Other expenses on the Consolidated Statement of Operations. As of June 30, 2024, the Royalty conversion feature is recorded at $ 3,642,105 (Initial Recognition -$ 2,760,378 ) and is valued based on Level 3 inputs. Several steps were used to calculate the fair value of the Royalty conversion feature on the Debenture. First, the gross revenue estimates from the Company's 2022 Technical Report Summary on the Grassy Mountain Project, Oregon U.S.A with an effective date of June 30, 2022 served as a basis for calculating the annual gross royalty amounts, utilizing the Royalty Agreement's royalty rate of 4.75 % for the life of the mine The annual royalty amounts were discounted using a long term stock market rate of return of 10 %. Second, a Black-Scholes model was used to calculate the fair value of the conversion option. The key assumptions in valuing the royalty conversion option derivative include:  June 30, 2024 At Issuance Date Cumulative present value of royalty stream $ 15,188,299 $ 13,993,580 Conversion threshold is set as the value of the Debenture $ 15,000,000 $ 15,000,000 Term in years 4.49 5 Volatility (A five year portfolio volatility of gold and silver, weighted by relative value in the project, is used as the historical volatility for the royalty stream) 16.65 % 16.24 % Risk-Free Rate (Derived from a term-matched coupon risk-free interest rate derived from the Treasury Constant Maturities yield curve) 4.27 % 3.69 % Dividend yield 1 0 % 0 % 1. Dividend yield is set to 0 % as no value of the royalty is lost given that production is assumed to begin in year 5

Non-Cash Transactions

Non-Cash Transactions	12 Months Ended
	Jun. 30, 2024
Nonmonetary Transactions [Abstract]
Non-Cash Transactions	Note 5. Non-Cash Transactions During the year-ended June 30, 2024, the Company issued 3,142,803 shares of Common Stock for payment of interest on its outstanding 2019 Convertible Notes and Royalty Convertible Debenture with a fair value of $ 1,117,837 . The total amount of shares issued for the year ended June 30, 2024 were comprised of 1,111,571 shares issued for the 2019 Convertible Notes with a fair value of $ 342,837 and 2,031,232 shares issued for the Royalty Convertible Debenture with a fair value of $ 775,000 . The Company also issued 709,500 shares of Common Stock under its equity compensation plans with a fair value of $ 254,688 . Also during the year-ended June 30, 2024, expenses incurred for reclamation costs were settled directly by an insurance company in the amount of $ 2,501,780 . During the year-ended June 30, 2023, the Company issued 799,613 shares of Common Stock for payment of interest on its outstanding 2019 Convertible Notes with a fair value of $ 320,826 . The Company also issued 425,500 shares of Common Stock under its equity compensation plans with a fair value of $ 142,650 .

Capital Stock

Capital Stock	12 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Capital Stock	Note 6. Capital Stock Authorized Capital Authorized capital stock consists of 200,000,000 shares of Common Stock with par value of $ 0.01 per common share (2023 - 200,000,000 shares of Common Stock with par value $ 0.01 per common share). During the year-ended June 30, 2024, the Company issued 6,379,754 shares for net proceeds of $ 1,923,120 through its at-the-market offering and issued 3,142,803 shares for the payment of accrued interest (Note 7) with a fair value of $ 1,117,837 . The Company also issued 709,500 shares related to awards made under its equity compensation plans. During the year-ended June 30, 2023, the Company issued 6,996,054 shares for net proceeds of $ 2,219,796 through its at-the market offering and issued 799,613 shares for payment of interest accrued and owing (Note 5 and Note 7) with a fair value of $ 320,826 . The Company also issued 425,500 shares related to awards under its equity compensation plans. Stock Options, Restricted Stock Units and Stock Based Compensation Paramount’s 2015 and 2016 Stock Incentive and Compensation Plans, which are stockholder-approved, permits the grant of stock options, restricted stock units and stock to its employees and directors for up to 5.5 million shares of common stock. Total stock-based compensation for the years-ended June 30, 2024 and 2023 were $ 331,095 and $ 349,992 respectively. Total stock-based compensation for the year-ended June 30, 2024 consists of the aggregate of stock-based compensation recorded for outstanding stock-option awards $ 4,899 (2023 - $ 24,467 ), restricted stock unit awards $ 292,827 (2023 - $ 303,025 ) and restricted stock grant awards $ 33,370 (2023 - $ 22,500 ). Restricted Stock Grants During the year-ended June 30, 2024, the Company granted and issued 94,000 shares (2023 - 75,000 ) of Common stock under its equity compensation plan with a fair value of $ 33,370 (2023 - $ 22,500 ). Stock Options and Stock Based Compensation Stock option awards are generally granted with an exercise price equal to the market price of Paramount’s stock at the date of grant and have contractual lives of 5 years . To better align the interests of its key executives, employee and directors with those of its shareholders a significant portion of those share option awards will vest contingent upon meeting certain stock price appreciation performance goals and other performance conditions. Option and share awards provide for accelerated vesting if there is a change in control (as defined in the employee equity compensation plan). For the year-ended June 30, 2024 and 2023, the Company granted nil and 50,000 stock options to employees, directors and consultants, respectively. For the year-ended June 30, 2024, share-based compensation expense relating to service conditions options and performance conditions options were $ nil and $ 4,899 , respectively (2023 - $ 12,021 and $ 12,446 ). The fair value for these options was calculated using the Black-Scholes option valuations method. The weighted average assumptions used for the fiscal years ending June 30, 2024 and 2023 were as follows: Twelve Months Ended June 30, 2024 Twelve Months Ended June 30, 2023 Weighted average risk-free interest rate N/A 2.79 % Weighted-average volatility N/A 58 % Expected dividends N/A 0 Weighted average expected term (years) N/A 5 Weighted average fair value N/A $ 0.19 A summary of option activity under the Stock Incentive and Compensation Plan as of June 30, 2024 and 2023, and changes during the years ended June 30, 2024 and 2023 are presented below. Options Options Weighted Price Weighted- Aggregate Value Outstanding at June 30, 2022 1,808,995 $ 1.14 2.42 $ — Granted 50,000 0.60 4.00 — Exercised — — — — Forfeited or expired ( 453,995 ) 1.37 — — Outstanding at June 30, 2023 1,405,000 $ 1.05 2.06 $ — Granted — — — — Exercised — — — — Forfeited or expired — — — — Outstanding at June 30, 2024 1,405,000 $ 1.05 1.06 $ — Exercisable at June 30, 2024 946,664 $ 1.05 1.13 $ — A summary of the status of Paramount’s non-vested options as of June 30, 2024 and 2023 and changes during the years ended June 30, 2024 and 2023 are presented below. Non-vested Options Options Weighted- Grant- Non-vested at June 30, 2022 657,333 $ 0.55 Granted 50,000 0.19 Vested ( 95,002 ) 0.41 Forfeited or expired ( 153,995 ) 0.82 Non-vested at June 30, 2023 458,336 $ 0.47 Granted — — Vested — — Forfeited or expired — — Non-vested at June 30, 2024 458,336 $ 0.47 As of June 30, 2024 and 2023, there was $ 3,275 and $ 8,174 respectively of total unrecognized compensation cost related to non-vested share-based compensation arrangements granted under the employee share option plan. This expense is expected to be recognized over a weighted-average period of 0.85 years. The total fair value of stock options vested during the years ended June 30, 2024 and 2023, was nil and $ 26,552 respectively. Restricted Stock Units ("RSUs") RSUs are awards for service and performance which upon vesting and settlement entitle the recipient to receive one common share of the Company's Common Stock for no additional consideration, for each RSU held. During the year-ended June 30, 2024, the Company granted 1,360,000 RSUs (2023 - 630,000 ) During the year-ended June 30, 2024, share-based compensation expenses related to service condition RSUs and performance condition RSUs was $ 191,136 and $ 101,691 , respectively (2023 - $ 161,756 and $ 141,269 ) A summary of RSUs activity is summarized as follows: Restricted Share Unit Activity Outstanding RSUs Weighted average grant date fair value Outstanding at June 30, 2022 701,000 $ 0.65 Granted 630,000 0.30 Vested ( 350,500 ) 0.65 Forfeited — — Outstanding at June 30, 2023 980,500 $ 0.43 Granted 1,360,000 0.28 Vested ( 615,500 ) 0.42 Forfeited — — Outstanding at June 30, 2024 1,725,000 $ 0.31 As of June 30, 2024 and 2023, there was approximately $ 250,221 and $ 170,404 of unamortized stock-based compensation expense related to outstanding RSUs. This expense is expected to be recognized over the remaining weighted-average vesting periods of 1.39 years.

Debt

Debt	12 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Note 7. Debt $15,000,000 Secured Royalty Convertible Debenture Effective as of December 27, 2023, Paramount closed on a Secured Royalty Convertible Debenture (the “Debenture”) with Sprott Private Resource Streaming and Royalty (US Collector), LP (“Sprott”) for $ 15,000,000 . The Debenture bears an interest rate of 10 % per annum, which, at Paramount’s discretion, will be payable in cash or shares of its common stock at a 7 % discount to the 10-day volume weighted average price ("VWAP") from the scheduled date of payment of interest. The Debenture may be repaid in cash or is convertible into a gross revenue royalty (the “Royalty") of 4.75 % of the gold and silver produced from the proposed Grassy Mountain Gold Mine. The Debenture may be repaid in cash or through the issuance of the Royalty at the earlier of the commencement of commercial production or five years from the Debenture closing date. The conversion to the Royalty is at Sprott's sole discretion. Paramount may elect to repay the Debenture by providing 20 business day written notice, in cash only and in whole prior to its maturity at a price equal to the sum of the principal amount plus all accrued and unpaid interest plus a prepayment interest premium of equal to 36 months of interest less interest paid prior to the date of prepayment. Upon a sale of the Sleeper Gold Project, Sprott can elect to have a portion of the Debenture repaid with proceeds from the sale. In the event of default, the debenture will accrue interest at 13 % per annum. In connection with the issuance of the Debenture, the Company incurred $ 870,111 of debt issuance costs which will be reflected as a discount on the Debenture. Unamortized debt issuance costs will be amortized over the five year term of the Debenture and recorded as an interest expense in the Consolidated Statement of Operations. If the Royalty is issued, Paramount has the option to buy back 50 % of the Royalty by paying either $ 11.25 million on the second (2 nd ) anniversary of the Royalty or $ 12.375 million on the third (3 rd ) anniversary. The Company’s obligations under the Debenture are secured by a pledge of the assets of the Company and its subsidiaries, including without limitation by deeds of trust with respect to the Grassy Mountain project and the Company’s Nevada property, Sleeper. The Company is required to maintain a positive cash balance at all times and shall maintain a positive adjusted working capital amount at the end of each fiscal quarter commencing with the fiscal quarter March 31, 2024. At June 30, 2024, Paramount was in compliance with these loan covenants. The Company has accounted for the Royalty Conversion Option and related Buyback Provision as an embedded derivative in accordance with ASC 815 and recorded the derivative as a separate liability at fair value. The fair value of the derivative was $ 3,642,105 at June 30, 2024 and $ 2,760,378 at issuance December 27, 2023 (Note 4). At June 30, 2024 and at issuance date of December 27, 2023, the Debenture consisted of the following: June 30, 2024 December 27, 2023 Debt liability of royalty convertible debenture before issuance costs $ 12,239,622 $ 12,239,622 Less: unamortized issuance costs ( 783,099 ) ( 870,111 ) Net debt liability of royalty convertible debenture 11,456,523 11,369,511 Derivative liability of royalty convertible debenture 3,642,105 2,760,378 $ 15,098,628 $ 14,129,889 In connection with the Debenture, Paramount and Calico entered into a Mining Right of First Refusal Option to Purchase Agreement (the “ROFR”) in favor of Sprott. Pursuant to the ROFR, we have granted to Sprott the right of first refusal with respect to any proposed grant, sale or issuance to any third party of a stream, royalty or similar interest (a “Mineral Interest”) based on or with reference to future production from the proposed Grassy Mountain gold and silver mine. If the cash equivalent value (with the value of any non-cash consideration of any third party offer (the “Third Party Consideration”) exceeds $ 60,000,000 then Sprott shall have the right to buy a percentage interest of the Mineral Interest equal to the percentage that $ 60,000,000 is to the Third Party Consideration (the “Proportionate Mineral Interest”). If the Third Party Consideration equals or is less than $ 60,000,000 , Sprott shall have the right to buy the entire Mineral Interest subject to such third party offer. The ROFR shall terminate on the date which is the earlier of (i) the seventh (7th) anniversary of the ROFR; (ii) the closing of one or more purchase transactions between us and Sprott in respect of Mineral Interests for an aggregate purchase price of $ 60,000,000 upon the exercise by Sprott of its rights pursuant to the ROFR; and (iii) the closing of a purchase transaction between us and third party in respect of a Mineral Interest for a purchase price in excess of $ 60,000,000 where Sprott does not exercise its right of first refusal pursuant to the ROFR. 2019 Senior Secured Convertible Notes Debt June 30, 2024 June 30, 2023 Current Non-Current Current Non-Current 2019 Secured Convertible Notes $ — — $ 4,277,690 $ — Less: unamortized discount and issuance costs — — ( 4,862 ) — $ — $ — $ 4,272,828 $ — In September 2019, the Company completed a private offering of 5,478 Senior Secured Convertible Notes (“2019 Convertible Notes”) at $ 975 per $ 1,000 face amount due in September 2023 . Each 2019 Convertible Note will bear an interest rate of 7.5 % per annum, payable semi-annually . During the year ended June 30, 2023, the maturity of the 2019 Convertible Notes was extended to the earlier of September 30, 2024 or the date of funding of the transaction contemplated by a non-binding term sheet between the Company and Sprott Resource and Streaming Royalty Corp and the annual interest rate increased to 12 % commencing on October 1, 2023. The effective interest rate of the 2019 Convertible Notes is 9.24 %. The principal amount of the 2019 Convertible Notes was convertible at a price of $ 1.00 per share of Paramount common stock. Unamortized discount and issuance costs of $ 275,883 were amortized as an additional interest expense over the four-year term of the 2019 Convertible Notes. During the year-ended June 30, 2024, the Company amortized $ 4,862 (2023-$ 51,018 ) of discount and issuance costs. At any point after the second anniversary of the issuance of the convertible notes, Paramount could force conversion if the share price of its common stock remains above $ 1.75 for 20 consecutive trading days. The convertible notes were secured by a lien on all assets of the Company and the Company was required to maintain a cash balance of $ 250,000 . During the fiscal year ended June 30, 2024, all 2019 Convertible Notes outstanding were repaid by the Company. During the year-ended June 30, 2024, there were no notes converted to shares of Common Stock (2023 – NIL). Also during the year-ended June 30, 2024, the Company recorded interest expense of $ 325,283 (2023 - $ 325,283 ).

Note Payable, Related Party

Note Payable, Related Party	12 Months Ended
	Jun. 30, 2024
Notes Payable [Abstract]
Note Payable, Related Party	Note 8. Note Payable, Related Party On December 9, 2022, the Company issued a Bridge Promissory Note (the "Note") to Seabridge, an entity affiliated with the Chairman of our Board of Directors, Rudi Fronk, and an owner of approximately 5.5 % of our outstanding common stock, pursuant to which the Company may borrow, in one or more advances, the principal amount of up to $ 1,500,000 (the "Loan"). The Loan bears interest at a per annum rate of 12 %, payable upon maturity or prepayment, and matures on September 30, 2023 . The Company has the right to prepay the Loan, in whole or in part, at any time without penalty. During the fiscal year ended June 30, 2024, an agreement between the Company and Seabridge was reached to extend the maturity of the Note to the earlier of November 30, 2023 or the date of funding of the transaction contemplated by a non-binding term sheet between the Company and Sprott Resource and Streaming Royalty Corp and increase the per annum interest rate of the Loan to 13 % commencing on October 1, 2023. During the fiscal year ended June 30, 2024, the Company repaid the balance of the loan including accrued interest in the amount of $ 1,667,833 .

Mineral Properties

Mineral Properties	12 Months Ended
	Jun. 30, 2024
Mineral Industries Disclosures [Abstract]
Mineral Properties	Note 9. Mineral Properties The Company has capitalized acquisition costs on mineral properties as follows: June 30, 2024 June 30, 2023 Sleeper and other Nevada based Projects $ 25,733,685 $ 28,172,533 Grassy Mountain and other Oregon based Projects 23,335,728 23,285,728 $ 49,069,413 $ 51,458,261 Sleeper: Sleeper is located in Humbolt County, Nevada approximately 26 miles northwest of the town of Winnemucca. During the year-ended June 30, 2024, the Company recognized a decrease in the mineral properties for the Sleeper Gold Project due to a settlement and change of estimate of its reclamation and environmental obligation amounting to $ 2,488,848 (Note 10). For the year ended June 30, 2023, the Company recognized a decrease in mineral properties for the Sleeper Gold Project due to a change in estimate of its reclamation and environmental obligation amounting to $ 360,612 (Note 10). Grassy Mountain: The Grassy Mountain Project is located in Malheur County, Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho. Other Oregon Based Projects : During the year ended June 30, 2024, the Company made a payment to Nevada Select Royalty Inc. ("Nevada Select") in the amount of $ 50,000 (2023 - $ 50,000 ). See Note 14 for a description of the Frost Project. Other Nevada Based Projects: During the year ended June 30, 2024, the Company made a payment to Nevada Select in the amount of $ 50,000 (2023 - $ 30,000 ). See Note 14 for a description of the Bald Peak claims. Impairment of Mineral Properties The Company reviews and evaluates its long-lived assets for impairment on an annual basis or more frequently when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. For the year ended June 30, 2024 and 2023, no events or changes in circumstance are believed to have impacted recoverability of the Company’s long-lived assets. Accordingly, it was determined that no impairment was necessary.

Reclamation and Environmental O

Reclamation and Environmental Obligation	12 Months Ended
	Jun. 30, 2024
Environmental Remediation Obligations [Abstract]
Reclamation and Environmental Obligation	Note 10. Reclamation and Environmental Obligation: Reclamation and environmental costs are based principally on legal requirements. Management estimates costs associated with reclamation of mineral properties and properties under mine closure. On an ongoing basis the Company evaluates its estimates and assumptions; however, actual amounts could differ from those based on estimates and assumptions. The Company has posted several cash bonds as financial security to satisfy reclamation requirements for its BLM mining claims. The balance of posted cash reclamation bonds at June 30, 2024 is $ 546,176 (June 30, 2023 - $ 546,176 ). Paramount is responsible for managing the reclamation activities from the previous mine operations at the Sleeper Gold Mine as directed by the BLM and the Nevada State Department of Environmental Protection (“NDEP”). Paramount has estimated the undiscounted reclamation costs for existing disturbances at the Sleeper Gold Project required by the BLM to be $ 3,725,110 . These costs are expected to be incurred between the calendar years 2024 and 2060. At June 30, 2024, Paramount has also estimated undiscounted reclamation cost as required by the NDEP to be $ 2,301,259 . These costs include on-going monitoring of ground water conditions at site. These costs are expected to be incurred between calendar years 2024 and 2039. The sum of expected costs by year are discounted using the Company’s credit adjusted risk free interest rate from the time it expects to pay the retirement to the time it incurs the obligation. The asset retirement obligation for the Sleeper Gold Project recorded on the balance sheet is equal to the present value of the estimated reclamation costs as required by both the BLM and NDEP. The following variables were used in the calculation for the fiscal years ending June 30, 2024 and 2023: Year Ended Year Ended June 30, 2023 Weighted-average credit adjusted risk free rate 9.93 % 9.93 % Weighted-average inflation rate 2.53 % 2.49 % Changes to the Company’s asset retirement obligation for the Sleeper Gold Mine for the years ended June 30, 2024 and 2023 are as follows: Year Ended Year Ended June 30, 2023 Balance at beginning of period $ 4,436,902 $ 4,475,270 Accretion expense 442,234 446,245 Additions and change in estimates ( 84,295 ) ( 364,612 ) Settlements ( 2,524,553 ) ( 120,001 ) Balance at end of period $ 2,270,288 $ 4,436,902 During the year ended June 30, 2024 and 2023, changes in estimates and settlements for the reclamation and environmental obligation totaled $ 2,608,848 and $ 484,613 , respectively. For settlements that have no benefit to future mining operations, the corresponding amount recorded in mineral properties are written off (Note 9). The balance of the reclamation and environmental obligation of $ 2,270,288 (2023 - $ 4,436,902 ) is comprised of a current portion of $ 120,000 (2023 - $ 2,560,515 ) and a non-current portion of $ 2,150,288 (2023 - $ 1,876,387 ).

Other Income

Other Income	12 Months Ended
	Jun. 30, 2024
Component of Operating Income [Abstract]
Other Income	Note 11. Other Income The Company’s other income details were as follows: Year Ended Year Ended Reimbursement of reclamation costs $ 2,501,780 $ 178,084 Leasing of water rights to third party 6,095 5,975 Restitution payment 3,785 — Total $ 2,511,660 $ 184,059

Segmented Information

Segmented Information	12 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segmented Information	Note 12. Segmented Information Segmented information has been compiled based on the material mineral properties in which the Company performs exploration activities. Expenses by material project for the year ended June 30, 2024: Exploration and Development Expenses Reclamation Expenses Land Holding Costs Year Ended June 30, 2024 Year Ended June 30, 2024 Year Ended June 30, 2024 Sleeper Gold Project and other Nevada based Projects $ 448,067 $ 2,605,799 $ 490,184 Grassy Mountain Project and other Oregon based Projects 1,613,551 — 157,313 $ 2,061,618 $ 2,605,799 $ 647,497 Expenses by material project for the year ended June 30, 2023: Exploration and Development Expenses Reclamation Expenses Land Holding Costs Year Ended June 30, 2023 Year Ended June 30, 2023 Year Ended June 30, 2023 Sleeper Gold Project and other Nevada based Projects $ 957,154 $ 172,153 $ 478,971 Grassy Mountain Project and other Oregon based Projects 1,466,402 — 153,513 $ 2,423,556 $ 172,153 $ 632,484 Carrying values of mineral properties by material projects: ` As of June 30, 2024 As of June 30, 2023 Sleeper Gold Project and other Nevada based Projects $ 25,733,685 $ 28,172,533 Grassy Mountain Project and other Oregon based Projects 23,335,728 23,285,728 $ 49,069,413 $ 51,458,261 Additional operating expenses incurred by the Company are treated as corporate overhead with exception of accretion expense which is discussed in Note 10.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 13. Income Taxes At June 30, 2024, the Company has net operating loss carry forwards of $ 38,219,334 (2023- $ 38,219,334 ) expiring between the years 2024 and 2038 which are available to reduce future taxable income. Tax losses incurred after June 30, 2018 of $ 35,736,884 (2023 - $ 30,375,155 ) may be carried forward indefinitely. The tax effects of the significant components within the Company’s deferred tax asset (liability) at June 30, 2024 and 2023 are as follows: United States 2024 2023 Mineral properties $ 308,364 $ ( 571,685 ) Asset retirement obligation 476,760 931,750 Fixed assets 752 805 Derivatives 185,163 — Stock options 628,667 613,880 Other 2,100 2,100 Net operating losses 15,534,237 14,408,273 $ 17,136,043 $ 15,385,123 Valuation allowance ( 17,409,493 ) ( 15,625,166 ) Mineral properties $ ( 273,450 ) $ ( 240,043 ) Net deferred tax asset $ — $ — The income tax recovery differs from the amounts computed by applying statutory tax to pre-tax losses as a result of the following: 2024 2023 Loss before taxes $ ( 8,023,038 ) $ ( 6,488,115 ) US Statutory tax rate 21.00 % 21.00 % Expected income recovery ( 1,684,838 ) ( 1,362,504 ) Non-deductible items 1,099 309 Change in estimates ( 67,181 ) ( 4,249 ) Other items — — Change in tax rates — — Change in valuation allowance 1,784,327 1,328,860 Total income taxes (recovery) 33,407 $ ( 37,584 ) Current tax expense (recovery) — — Deferred tax expense (recovery) 33,407 ( 37,584 ) $ — $ — The potential tax benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years. Accounting for uncertainty for Income Tax Income taxes are determined using assets and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. As at June 30, 2024 and 2023, the Company’s consolidated balance sheets did not reflect a liability for uncertain tax positions, nor any accrued penalties or interest associated with income tax uncertainties. The Company is subject to income taxation at the federal and state levels. The Company is subject to US federal tax examinations for the tax years 2019 through 2023 . Loss carryforwards generated or utilized in years earlier than 2019 are also subject to examination and adjustment. The Company has no income tax examinations in process.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14. Commitments and Contingencies: Other Commitments Paramount has an agreement to acquire 44 mining claims (“Cryla Claims”) covering 589 acres located immediately to the west of the proposed Grassy Mountain site from Cryla LLC. Paramount is obligated to make annual lease payments of $ 40,000 per year the first two years of the lease term and $ 60,000 per year thereafter with an option to purchase the Cryla Claims for $ 560,000 at any time. The term of the agreement is 25 years. In the event Paramount exercises its option to acquire the Cryla Claims, all annual payments shall be credited against a production royalty that will be based on a prevailing price of the metals produced from the Cryla Claims. The royalty rate ranges between 2 % and 4 % based on the daily price of gold. The agreement with Cryla can be terminated by Paramount at any time. Paramount made the annual lease payment of $ 60,000 as required by the agreement during the year ended June 30, 2024. The Cryla Claims are without known mineral reserves and there is no current exploratory work being performed. Paramount has an agreement with Nevada Select Royalty (“Nevada Select”) to purchase 100 % in the Frost Project, which consists of 40 mining claims located approximately 12 miles west of its Grassy Mountain Project. A total consideration of $ 250,000 payable to Nevada Select will be based on certain events over time. Upon signing the agreement, Paramount made a payment of $ 10,000 to Nevada Select. Nevada Select will retain a 2 % NSR on the Frost Claims and Paramount has the right to reduce the NSR to 1 % for a payment of $ 1 million. All required payments under the agreement due at June 30, 2024 have been paid including a payment for $ 50,000 that was due on the anniversary date of receiving the drill permit from the responsible regulatory agencies. The Frost Claims are without known mineral reserves. During the year-ended June 30, 2022, the Company entered into an option agreement with Nevada Select to purchase the Bald Peak mining claims in the State of Nevada and California for a total consideration of $ 300,000 . Payments under the agreement will be based on achieving certain events over time. Upon signing the agreement Paramount made a payment to Nevada Select of $ 20,000 . During the year-ended June 30, 2024, the Company made a payment under the agreement of $ 50,000 . The Bald Peak Claims are without known mineral reserves. Seabridge holds an NPI put option in which during the 30-day period immediately following the day that the Company has delivered notice to Seabridge that a positive production decision has been made and construction financing has been secured with respect to the Grassy Mountain Project. Seabridge may cause the Company to purchase the NPI for CDN$ 10,000,000 . If Seabridge exercises the right to cause the Company to purchase the NPI, the Company would likely need to seek additional equity or other financing to fund the purchase, which financing may not be available to the Company on favorable terms or at all.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Events The Company sold 114,918 shares under its at the market program for net proceeds of $ 53,299 .

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Preparation	Basis of Presentation and Preparation The consolidated financial statements are prepared by management in accordance with U.S. generally accepted accounting principles (‘U.S. GAAP”) and are presented in US dollars. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts and transactions are eliminated in consolidation.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions The Company’s functional and reporting currency is the United States dollar. Foreign denominated monetary assets and liabilities are translated into their U.S. dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Income and expenses are translated at average rates of exchange during the period. Related translation adjustments as well as gains or losses resulting from foreign currency transactions are reported as part of operating expenses on the statement of operations and comprehensive loss.
Use of Estimates	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, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made by management in the accompanying consolidated financial statements include the adequacy of the Company’s reclamation and environmental obligation, share based compensation, valuation of deferred tax asset, and assessment of impairment of mineral properties.
Cash and Cash Equivalents	Cash and Cash Equivalents All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash and cash equivalents. The carrying amount of these securities approximates fair value because of the short-term maturity of these instruments.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash and cash equivalents. The Company maintains cash in accounts which may, at times, exceed federally insured limits. At June 30, 2024 and 2023, the Company had $ 5.2 million and $ 0.6 million, respectively, of balances in excess of federally insured limits. The Company deposits its cash with financial institutions which it believes have sufficient credit quality to minimize the risk of loss .
Fair Value Measurements	Fair Value Measurements The Company has adopted FASB ASC 820, Fair Value Measurements and Disclosures, which defines fair value, establishes guidelines for measuring fair value and expands disclosures regarding fair value measurements. The Company applies fair value accounting for all financial assets and liabilities and non – financial assets and liabilities that are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company has adopted FASB ASC 825, Financial Instruments, which allows companies to choose to measure eligible financial instruments and certain other items at fair value that are not required to be measured at fair value. The Company has not elected the fair value option for any eligible financial instruments.
Stock Based Compensation	Stock Based Compensation Stock-based compensation cost is measured at the grant date and based on the calculated fair value of the award. For grants to employees an expense is recognized over the employee’s requisite service period (generally the vesting period of the equity grant) using the graded vesting method. For grants to non-employees, an expense is recognized when the good or service is received. For options with performance conditions, the Company accrues compensation if it is probable that the performance condition will be achieved and recognizes the compensation cost over the requisite service period. The requisite service period for options with performance conditions is estimated based on the analysis of the terms of the award and the specific performance conditions. The Company shall recognize the effect of forfeited awards in compensation cost when they occur. New shares of the Company’s common stock will be issued for any options exercised. The fair value of Restricted Share Units ("RSUs") and stock awards are based on the Company's stock price on the day of grant. Stock based compensation expense related to RSUs and stock awards is generally recognized over the requisite service period using the graded vesting method. Vesting dates for RSUs with performance conditions are determined by an analysis of the implicit service period of the performance target. The Company shall recognize the effect of forfeited awards in compensation cost when they occur. New shares of the Company's common stock will be issued for any RSUs that vest to recipient.
Mineral Properties	Mineral Properties Mineral property acquisition costs are capitalized when incurred and will be amortized using the units-of-production method over the estimated life of the reserve following the commencement of production. If a mineral property is subsequently abandoned or impaired, any capitalized costs will be expensed in the period of abandonment or impairment. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral properties. Net proceeds from the sale of royalties are deducted from the carrying value of the mineral properties. The recoverability of the costs incurred for the exploration and development of precious mineral properties is dependent on the ability of the Company to obtain the necessary financing to advance the projects to production, upon future profitable production or from proceeds from sale of properties or production royalties. The Company will continue to incur losses and have negative cash flows from operating activities and as such we will require additional capital to fund exploration and development programs, future property acquisitions and for general corporate purposes. If the Company is unable to obtain additional funding, we may be unable to continue its operations, and amounts realized for assets may be less than amounts reflected in these consolidated financial statements.
Exploration Costs	Exploration Costs Exploration costs, which include maintenance, development and exploration of mineral claims, are expensed as incurred. When it is determined that a mineral deposit can be economically developed as a result of establishing proven and probable reserves and all regulatory operating permits have been secured, the costs incurred after such determination will be capitalized until the commencement of production and amortized over their useful lives. To date, the Company has not established the commercial feasibility and received the necessary regulatory operating permits for any of its exploration prospects; therefore, all exploration costs are being expensed.
Property and Equipment	Property and Equipment Equipment is recorded at cost less accumulated depreciation. All equipment is depreciated over its estimated useful life at the following annual rates: Computer equipment 30 % declining balance Equipment 20 % declining balance
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company tests long-lived assets or asset groups for recoverability when events or changes in circumstances indicate that their carrying amount may not be recoverable. Circumstances which could trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely than not be sold or disposed significantly before the end of its estimated useful life. The Company assesses the carrying value of mineral properties for whenever information or events indicate the potential for impairment. This would include our inability to obtain all the necessary regulatory permits to build and operate mines related to our mineral properties, government actions, the results of exploration activities and technical evaluations and changes in key economic conditions such as the price of gold and silver or key inputs to the building and operating of a mine including initial capital, yearly production levels and operating expenses. We compare estimated future net cash flows with our carrying costs and future obligations on an undiscounted basis. The undiscounted cash flows are based on the amounts we expect to receive from the sale of gold and silver produced from the mine, the level of operating expenses we expect to incur to produce the gold and silver that is recovered from the mineral deposit and the level of capital expected to build, operate and sustain the mine operations. If it is determined that the estimated future undiscounted cash flows are less than the carrying value of the property, a write-down to the estimated fair value will be reported in our Consolidated Statement of Operations for the period. There has been no impairment of our mineral properties for the fiscal years-ended June 30, 2024 and 2023.
Reclamation and Environmental Obligation	Reclamation and Environmental Obligation The Company follows the provisions of ASC 410, “Asset Retirement and Environmental Obligations”, which establishes the standards for the initial measurement and subsequent accounting for obligations associated with the sale, abandonment, or other disposal of long-lived tangible assets arising from the acquisition, construction or development and for normal operations of such assets. The fair value of a liability for an asset retirement obligation will be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made. The fair value of the liability is added to the carrying amount of the associated asset. An accretion cost, representing the increase over time in the present value of the liability, is recorded each period. As reclamation work is performed or liabilities are otherwise settled, the recorded amount of the liability is reduced. Future reclamation costs are accrued based on management’s best estimate at the end of each period of the discounted costs expected to be incurred for the asset. Such costs include facilities removal, earthworks, revegetation and on-going monitoring. Changes in estimates are reflected prospectively in the period an estimate is revised.
Net Loss per Share	Net Loss per Share Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of shares outstanding during each period. Diluted loss per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the years ended June 30, 2024 and 2023, the shares of common stock equivalents related to outstanding stock options, restricted share units and shares upon conversion of the 2019 notes have not been included in the diluted per share calculation as they are anti-dilutive as the Company has recorded a net loss from continuing operations for each year.
Leases	Leases The Company determines if an arrangement is, or contains, a lease at the inception date. Right-of-use (“ROU”) assets related to operating leases are included in Other assets, non-current with related liabilities included in Accrued liabilities and Other long-term liabilities . ROU assets under finance leases, which primarily represent property and equipment, are included in Property, plant and equipment, net with related liabilities in debt, current and debt, non-current on the Consolidated Balance Sheet. Operating lease assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. We use our estimated incremental borrowing rate in determining the present value of lease payments. Variable components of the lease payments such as maintenance costs are expensed as incurred and not included in determining the present value. Our lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense is recognized on a straight-line basis over the lease term. Currently, the Company does not have any leases with terms greater than 12 months.
Convertible Debt	Convertible Debt The Company reviews the terms of its convertible notes payable to determine whether to account for any portion of the proceeds towards the conversion feature. In general, when the convertible notes instrument has the following characteristics and terms no portion of the proceeds from the issuance shall be accounted for as attributable to the conversion feature: a) is convertible into common stock of the Company at a specified price at the option of holder; b) the debt is sold at a price or has value at issuance not significantly in excess of the face amount; c) an interest rate that is lower than the Company could establish for nonconvertible debt; d) an initial conversion price that is greater than the fair value of the common stock at time of issuance and; e) a conversion price that does not decrease except pursuant to antidilution provisions. When proceeds are not attributable to the conversion features of the debt, the Company records the entire amount as a liability. If the fair value option is not elected, the Company will reduce the initial carrying amount of the debt by any direct and incremental issuance costs paid to third parties that are associated with the convertible debt issuance. The Company also reviews the terms of its convertible notes payable to determine whether there are embedded derivatives, including the embedded conversion option, that are required to be bifurcated and accounted for as individual derivative financial instruments. In circumstances where convertible debt contains embedded derivatives that are required to be separated from the host contracts, the total proceeds received are first allocated to the fair value of the derivative financial instruments determined using the binomial model. The remaining proceeds, if any, are then allocated to the debenture cost contracts, usually resulting in those instruments being recorded at a discount from their principal amount. This discount is accreted over the expected life of the instruments to profit (loss) using the effective interest method. The debenture host contracts are subsequently recorded at amortized cost at each reporting date, using the effective interest method. The embedded derivatives are subsequently recorded at fair value at each reporting date, with changes in fair value recognized in profit (loss).
Derivative Liability	Derivative Liability The Company reviews the terms of its convertible loans to determine whether there are embedded derivatives that are required to be bifurcated and accounted for as individual derivative financial instruments. The Company determined that a conversion feature embedded in its convertible loan is required to be accounted for separately from the convertible loan as a derivative liability and recorded at fair value and the remaining value allocated to the convertible loan net the unamortized debt issuance costs. The derivative liability will be fair valued at each reporting period, with changes in fair value recorded as a gain or loss in the Consolidated Statement of Operations.
Income Taxes	Income Taxes Income taxes are determined using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. Potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future periods; and accordingly is offset by a valuation allowance. To the extent interest and penalties may be assessed by taxing authorities on any underpayment of income tax, such amounts would be accrued and classified as a component of income tax expense in our Consolidated Statements of Operations and Comprehensive Loss.
Recent Accounting Guidance	In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures. The ASU requires that an entity disclose significant segment expenses impacting profit and loss that are regularly provided to the chief operating decision maker. The update is required to be applied retrospectively to prior periods presented, based on the significant segment expense categories identified and disclosed in the period of adoption. The amendments in this ASU are required to be adopted for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that adopting this update will have on its financial statement disclosures.

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Fixed Assets	Equipment is recorded at cost less accumulated depreciation. All equipment is depreciated over its estimated useful life at the following annual rates: Computer equipment 30 % declining balance Equipment 20 % declining balance

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Summary of Key Assumptions in Valuing the Royalty Conversion Option Derivative	The key assumptions in valuing the royalty conversion option derivative include:  June 30, 2024 At Issuance Date Cumulative present value of royalty stream $ 15,188,299 $ 13,993,580 Conversion threshold is set as the value of the Debenture $ 15,000,000 $ 15,000,000 Term in years 4.49 5 Volatility (A five year portfolio volatility of gold and silver, weighted by relative value in the project, is used as the historical volatility for the royalty stream) 16.65 % 16.24 % Risk-Free Rate (Derived from a term-matched coupon risk-free interest rate derived from the Treasury Constant Maturities yield curve) 4.27 % 3.69 % Dividend yield 1 0 % 0 % 1. Dividend yield is set to 0 % as no value of the royalty is lost given that production is assumed to begin in year 5

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Jun. 30, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Summary of Option Activity Under Stock Incentive and Compensation Plan	A summary of option activity under the Stock Incentive and Compensation Plan as of June 30, 2024 and 2023, and changes during the years ended June 30, 2024 and 2023 are presented below. Options Options Weighted Price Weighted- Aggregate Value Outstanding at June 30, 2022 1,808,995 $ 1.14 2.42 $ — Granted 50,000 0.60 4.00 — Exercised — — — — Forfeited or expired ( 453,995 ) 1.37 — — Outstanding at June 30, 2023 1,405,000 $ 1.05 2.06 $ — Granted — — — — Exercised — — — — Forfeited or expired — — — — Outstanding at June 30, 2024 1,405,000 $ 1.05 1.06 $ — Exercisable at June 30, 2024 946,664 $ 1.05 1.13 $ —
Summary of Status of Non-Vested Options	A summary of the status of Paramount’s non-vested options as of June 30, 2024 and 2023 and changes during the years ended June 30, 2024 and 2023 are presented below. Non-vested Options Options Weighted- Grant- Non-vested at June 30, 2022 657,333 $ 0.55 Granted 50,000 0.19 Vested ( 95,002 ) 0.41 Forfeited or expired ( 153,995 ) 0.82 Non-vested at June 30, 2023 458,336 $ 0.47 Granted — — Vested — — Forfeited or expired — — Non-vested at June 30, 2024 458,336 $ 0.47
Summary of RSUs Activity	A summary of RSUs activity is summarized as follows: Restricted Share Unit Activity Outstanding RSUs Weighted average grant date fair value Outstanding at June 30, 2022 701,000 $ 0.65 Granted 630,000 0.30 Vested ( 350,500 ) 0.65 Forfeited — — Outstanding at June 30, 2023 980,500 $ 0.43 Granted 1,360,000 0.28 Vested ( 615,500 ) 0.42 Forfeited — — Outstanding at June 30, 2024 1,725,000 $ 0.31
Black-Scholes option valuation model
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Schedule of Fair Value of Options Calculated Using Black-Scholes Option Valuations Method	The fair value for these options was calculated using the Black-Scholes option valuations method. The weighted average assumptions used for the fiscal years ending June 30, 2024 and 2023 were as follows: Twelve Months Ended June 30, 2024 Twelve Months Ended June 30, 2023 Weighted average risk-free interest rate N/A 2.79 % Weighted-average volatility N/A 58 % Expected dividends N/A 0 Weighted average expected term (years) N/A 5 Weighted average fair value N/A $ 0.19

Debt (Tables)

Debt (Tables)	12 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Summary of Debentures	At June 30, 2024 and at issuance date of December 27, 2023, the Debenture consisted of the following: June 30, 2024 December 27, 2023 Debt liability of royalty convertible debenture before issuance costs $ 12,239,622 $ 12,239,622 Less: unamortized issuance costs ( 783,099 ) ( 870,111 ) Net debt liability of royalty convertible debenture 11,456,523 11,369,511 Derivative liability of royalty convertible debenture 3,642,105 2,760,378 $ 15,098,628 $ 14,129,889
Summary of Convertible Debt	Debt June 30, 2024 June 30, 2023 Current Non-Current Current Non-Current 2019 Secured Convertible Notes $ — — $ 4,277,690 $ — Less: unamortized discount and issuance costs — — ( 4,862 ) — $ — $ — $ 4,272,828 $ —

Mineral Properties (Tables)

Mineral Properties (Tables)	12 Months Ended
	Jun. 30, 2024
Mineral Industries Disclosures [Abstract]
Capitalized Acquisition Costs on Mineral Properties	The Company has capitalized acquisition costs on mineral properties as follows: June 30, 2024 June 30, 2023 Sleeper and other Nevada based Projects $ 25,733,685 $ 28,172,533 Grassy Mountain and other Oregon based Projects 23,335,728 23,285,728 $ 49,069,413 $ 51,458,261

Reclamation and Environmental_2

Reclamation and Environmental Obligation (Tables)	12 Months Ended
	Jun. 30, 2024
Environmental Remediation Obligations [Abstract]
Schedule of Variables of Weighted Average	The following variables were used in the calculation for the fiscal years ending June 30, 2024 and 2023: Year Ended Year Ended June 30, 2023 Weighted-average credit adjusted risk free rate 9.93 % 9.93 % Weighted-average inflation rate 2.53 % 2.49 %
Changes to Asset Retirement Obligation	Changes to the Company’s asset retirement obligation for the Sleeper Gold Mine for the years ended June 30, 2024 and 2023 are as follows: Year Ended Year Ended June 30, 2023 Balance at beginning of period $ 4,436,902 $ 4,475,270 Accretion expense 442,234 446,245 Additions and change in estimates ( 84,295 ) ( 364,612 ) Settlements ( 2,524,553 ) ( 120,001 ) Balance at end of period $ 2,270,288 $ 4,436,902

Other Income (Tables)

Other Income (Tables)	12 Months Ended
	Jun. 30, 2024
Component of Operating Income [Abstract]
Other Income Details	The Company’s other income details were as follows: Year Ended Year Ended Reimbursement of reclamation costs $ 2,501,780 $ 178,084 Leasing of water rights to third party 6,095 5,975 Restitution payment 3,785 — Total $ 2,511,660 $ 184,059

Segmented Information (Tables)

Segmented Information (Tables)	12 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Expenses and Mineral Property Carrying Values by Material Project	Expenses by material project for the year ended June 30, 2024: Exploration and Development Expenses Reclamation Expenses Land Holding Costs Year Ended June 30, 2024 Year Ended June 30, 2024 Year Ended June 30, 2024 Sleeper Gold Project and other Nevada based Projects $ 448,067 $ 2,605,799 $ 490,184 Grassy Mountain Project and other Oregon based Projects 1,613,551 — 157,313 $ 2,061,618 $ 2,605,799 $ 647,497 Expenses by material project for the year ended June 30, 2023: Exploration and Development Expenses Reclamation Expenses Land Holding Costs Year Ended June 30, 2023 Year Ended June 30, 2023 Year Ended June 30, 2023 Sleeper Gold Project and other Nevada based Projects $ 957,154 $ 172,153 $ 478,971 Grassy Mountain Project and other Oregon based Projects 1,466,402 — 153,513 $ 2,423,556 $ 172,153 $ 632,484 Carrying values of mineral properties by material projects: ` As of June 30, 2024 As of June 30, 2023 Sleeper Gold Project and other Nevada based Projects $ 25,733,685 $ 28,172,533 Grassy Mountain Project and other Oregon based Projects 23,335,728 23,285,728 $ 49,069,413 $ 51,458,261

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Company's Deferred Tax Asset (Liability)	The tax effects of the significant components within the Company’s deferred tax asset (liability) at June 30, 2024 and 2023 are as follows: United States 2024 2023 Mineral properties $ 308,364 $ ( 571,685 ) Asset retirement obligation 476,760 931,750 Fixed assets 752 805 Derivatives 185,163 — Stock options 628,667 613,880 Other 2,100 2,100 Net operating losses 15,534,237 14,408,273 $ 17,136,043 $ 15,385,123 Valuation allowance ( 17,409,493 ) ( 15,625,166 ) Mineral properties $ ( 273,450 ) $ ( 240,043 ) Net deferred tax asset $ — $ —
Schedule of Income Tax Recovery Differs from Amounts Computed by Applying Statutory Tax to Pre-tax Losses	The income tax recovery differs from the amounts computed by applying statutory tax to pre-tax losses as a result of the following: 2024 2023 Loss before taxes $ ( 8,023,038 ) $ ( 6,488,115 ) US Statutory tax rate 21.00 % 21.00 % Expected income recovery ( 1,684,838 ) ( 1,362,504 ) Non-deductible items 1,099 309 Change in estimates ( 67,181 ) ( 4,249 ) Other items — — Change in tax rates — — Change in valuation allowance 1,784,327 1,328,860 Total income taxes (recovery) 33,407 $ ( 37,584 ) Current tax expense (recovery) — — Deferred tax expense (recovery) 33,407 ( 37,584 ) $ — $ —

Description of Business and S_4

Description of Business and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Concentration of credit risk uninsured cash amount	$ 5,200,000	$ 600,000
Cash, Uninsured Amount, Description	The Company deposits its cash with financial institutions which it believes have sufficient credit quality to minimize the risk of loss
Impairment of long-lived assets	$ 0	$ 0

Description of Business and S_5

Description of Business and Summary of Significant Accounting Policies - Fixed Assets (Details)	12 Months Ended
	Jun. 30, 2024
Computer equipment
Property Plant And Equipment [Line Items]
Percentage of annual amortization rate on declining balance (in hundredths)	30%
Equipment
Property Plant And Equipment [Line Items]
Percentage of annual amortization rate on declining balance (in hundredths)	20%

Going Concern - Additional Info

Going Concern - Additional Information (Details) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Product Information [Line Items]
Cash and cash equivalents		$ 5,423,059	$ 824,920
Proceeds from debenture	$ 15,000,000
Net proceeds from repayment of debt and transaction costs		$ 8,369,602

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Dec. 27, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in derivative liability on royalty convertible debenture	$ 881,727
Level 3 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Royalty conversion option value	$ 3,642,105	$ 2,760,378
Annual gross royalty amounts, rate	4.75%
Annual royalty value long term stock market rate of return	10%

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Key Assumptions in Valuing the Royalty Conversion Option Derivative (Details) - Level 3 - Fair Value, Recurring	Jun. 30, 2024 USD ($) yr	Dec. 27, 2023 USD ($) yr
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative present value of royalty	$ 15,188,299	$ 13,993,580
Conversion threshold value	$ 15,000,000	$ 15,000,000
Term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of input used to measure derivative royalty | yr	4.49	5
Volatility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of input used to measure derivative royalty	0.1665	0.1624
Risk-Free Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of input used to measure derivative royalty	0.0427	0.0369
Dividend Yield
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of input used to measure derivative royalty	0	0

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Key Assumptions in Valuing the Royalty Conversion Option Derivative - Parenthetical (Details) - Level 3 - Fair Value, Recurring	Jun. 30, 2024 yr	Dec. 27, 2023 yr
Term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of input used to measure derivative royalty	4.49	5
Time Period for Volatility Calculation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of input used to measure derivative royalty	5	5
Dividend Yield
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Value of input used to measure derivative royalty	0	0

Non-Cash Transactions - Additio

Non-Cash Transactions - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Nonmonetary Transaction [Line Items]
Number of shares issued	3,142,803
Shares of common stock issued under equity compensation plans	709,500	425,500
Fair value of shares issued for equity compensation plans	$ 254,688	$ 142,650
Reclamation cost directly settled by insurance company	$ 2,501,780	$ 178,084
Interest Accrued
Nonmonetary Transaction [Line Items]
Number of shares issued	3,142,803	799,613
Fair value of shares issued	$ 1,117,837	$ 320,826
2019 Convertible Notes | Interest Accrued
Nonmonetary Transaction [Line Items]
Number of shares issued	1,111,571
Fair value of shares issued	$ 342,837
Royalty Convertible Debenture | Interest Accrued
Nonmonetary Transaction [Line Items]
Number of shares issued	2,031,232
Fair value of shares issued	$ 775,000

Capital Stock - Additional Info

Capital Stock - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Capital stock, shares authorized	200,000,000	200,000,000
Capital stock, par value	$ 0.01	$ 0.01	$ 0.01
Aggregate number of units issued (in shares)	3,142,803
Shares of common stock issued under equity compensation plans	709,500	425,500
Fair value of shares issued for equity compensation plans	$ 254,688	$ 142,650
Capital stock, shares issued	65,044,305	54,812,248
Capital stock, shares outstanding	65,044,305	54,812,248
Options, Granted		50,000
Stock based compensation	$ 331,095	$ 349,992
Total unrecognized compensation cost related to non-vested share based compensation	$ 3,275	8,174
Expected weighted-average period of unrecognized compensation cost	10 months 6 days
Total fair value of stock options vested	$ 0	$ 26,552
Employee Stock Option
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options, Granted		50,000
Stock based compensation	4,899	$ 24,467
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation	292,827	303,025
Total unrecognized compensation cost related to non-vested share based compensation	$ 250,221	$ 170,404
Expected weighted-average period of unrecognized compensation cost	1 year 4 months 20 days
Restricted stock units, Granted	1,360,000	630,000
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted Stock granted and issued under equity compensation plan	94,000	75,000
Fair value of shares granted and issued for equity compensation plans	$ 33,370	$ 22,500
Stock based compensation	33,370	22,500
Service Condition
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation	0	12,021
Service Condition | Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation	191,136	161,756
Performance Condition
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation	4,899	12,446
Performance Condition | Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock based compensation	$ 101,691	$ 141,269
Employees, Directors and Consultants
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options, Granted	0	50,000
2015 and 2016 Stock Incentive and Compensation Plans
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average remaining contractual term (in years), grants	5 years
2015 and 2016 Stock Incentive and Compensation Plans | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of options and shares available for grant to employees and directors	5,500,000
Shares Average Price of $1.16
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Aggregate number of units issued (in shares)	6,379,754	6,996,054
Net proceeds from issuance of common stock and warrants	$ 1,923,120	$ 2,219,796
Accrued Interest
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Aggregate number of units issued (in shares)		799,613
Fair value of shares issued	$ 1,117,837	$ 320,826

Capital Stock - Schedule of Fai

Capital Stock - Schedule of Fair Value of Options Calculated Using Black-Scholes Option Valuations Method (Details) - Black-Scholes option valuation model	12 Months Ended
	Jun. 30, 2023 $ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average risk-free interest rate	2.79%
Weighted-average volatility	58%
Expected dividends	$ 0
Weighted average expected term (years)	5 years
Weighted average fair value	$ 0.19

Capital Stock - Summary of Opti

Capital Stock - Summary of Option Activity Under Stock Incentive and Compensation Plan (Details) - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Shares [Abstract]
Options, Granted		50,000
Employee Stock Option
Shares [Abstract]
Options, Outstanding, Beginning balance	1,405,000	1,808,995
Options, Granted		50,000
Options, Forfeited or expired		(453,995)
Options, Outstanding, Ending balance	1,405,000	1,405,000	1,808,995
Options, Exercisable at June 30, 2022	946,664
Weighted-Average Exercise Price [Abstract]
Weighted Average Exercise Price, Options, Outstanding, Beginning balance	$ 1.05	$ 1.14
Weighted Average Exercise Price, Options, Granted		0.6
Weighted Average Exercise Price, Options, Forfeited or expired		1.37
Weighted Average Exercise Price, Options, Outstanding, Ending balance	1.05	$ 1.05	$ 1.14
Weighted Average Exercise Price, Options, Exercisable at June 30, 2022	$ 1.05
Weighted Average Remaining Contractual Term (Years), Options, Outstanding	1 year 21 days	2 years 21 days	2 years 5 months 1 day
Weighted Average Remaining Contractual Term (Years), Options, Granted		4 years
Weighted Average Remaining Contractual Term (Years), Options, Exercisable at June 30, 2022	1 year 1 month 17 days

Capital Stock - Summary of Stat

Capital Stock - Summary of Status of Non-Vested Options (Details) - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Options [Abstract]
Non-vested Options, Beginning balance	458,336	657,333
Non-vested Options, Granted		50,000
Non-vested Options, Vested		(95,002)
Non-vested Options, Forfeited or expired		(153,995)
Non-vested Options, Ending balance	458,336	458,336
Weighted-Average Grant-Date Fair Value [Abstract]
Non-vested Weighted Average Grant Date Fair Value, Beginning balance	$ 0.47	$ 0.55
Non-vested Weight Average Grant Date Fair Value, Granted		0.19
Non-vested Weighted Average Grant Date Fair Value, Vested		0.41
Non-vested Weighted Average Grant Date Fair Value, Forfeited or expired		0.82
Non-vested Weighted Average Grant Date Fair Value, Ending balance	$ 0.47	$ 0.47

Capital Stock - Summary of RSUs

Capital Stock - Summary of RSUs Activity (Details) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding RSUs, Beginning Balance	980,500	701,000
Outstanding RSUs, Granted	1,360,000	630,000
Outstanding RSUs, Vested	(615,500)	(350,500)
Outstanding RSUs, Ending Balance	1,725,000	980,500
Outstanding RSUs, Weighted average grant date fair value, Beginning Balance	$ 0.43	$ 0.65
Outstanding RSUs, Weighted average grant date fair value, Granted	0.28	0.3
Outstanding RSUs, Weighted average grant date fair value, Vested	0.42	0.65
Outstanding RSUs, Weighted average grant date fair value, Ending Balance	$ 0.31	$ 0.43

Debt - Summary of Debentures (D

Debt - Summary of Debentures (Details) - USD ($)	Jun. 30, 2024	Dec. 27, 2023
Debt Instruments [Abstract]
Debt liability of royalty convertible debenture before issuance costs	$ 12,239,622	$ 12,239,622
Less: unamortized issuance costs	(783,099)	(870,111)
Net debt liability of royalty convertible debenture	11,456,523	11,369,511
Derivative liability of royalty convertible debenture	3,642,105	2,760,378
Total	$ 15,098,628	$ 14,129,889

Debt - Summary of Convertible D

Debt - Summary of Convertible Debt (Details) - 2019 Secured Convertible Notes	Jun. 30, 2023 USD ($)
Debt Instrument [Line Items]
2019 Secured Convertible Notes, Current	$ 4,277,690
Less: unamortized discount and issuance costs, Current	(4,862)
Current Debt	$ 4,272,828

Debt - Additional Information (

Debt - Additional Information (Details)		1 Months Ended	12 Months Ended
	Dec. 27, 2023 USD ($)	Sep. 30, 2019 USD ($) $ / shares	Jun. 30, 2024 USD ($) Days ConvertibleNote $ / shares	Jun. 30, 2023 USD ($)	Oct. 01, 2023
Debt Instrument [Line Items]
Amortization of debt discount and issuance costs			$ 91,874	$ 51,018
Fair value of derivative	$ 2,760,378		3,642,105
2019 Secured Convertible Notes
Debt Instrument [Line Items]
Principal amount of convertible notes		$ 5,478
Agreed sale price of note		975
Principal amount per notes		$ 1,000
Convertible notes due period		2023
Convertible senior notes interest rate		7.50%			12%
Convertible note, interest payment		semi-annually
Conversion price | $ / shares		$ 1
Amortization of debt discount and issuance costs		$ 275,883	$ 4,862	51,018
Amortization of debt discount interest expense term		4 years
Debt instrument, covenant description			At any point after the second anniversary of the issuance of the convertible notes, Paramount could force conversion if the share price of its common stock remains above $1.75 for 20 consecutive trading days. The convertible notes were secured by a lien on all assets of the Company and the Company was required to maintain a cash balance of $250,000. During the fiscal year ended June 30, 2024, all 2019 Convertible Notes outstanding were repaid by the Company.
Debt instrument, interest rate, effective percentage		9.24%
Convertible note, stock price trigger (in dollars per share) | $ / shares			$ 1.75
Threshold consecutive trading days for convertible debt | Days			20
Number of senior secured convertible notes converted | ConvertibleNote			0
Interest expense			$ 325,283	$ 325,283
Debt instrument maturity date			Sep. 30, 2024
Convertible note, covenant cash balance			$ 250,000
Secured Royalty Convertible Debenture
Debt Instrument [Line Items]
Convertible debenture amount	$ 15,000,000
Convertible debenture interest rate	10%
Debenture discount rate	7%
Percentage of debenture convertible into gross revenue royalty	4.75%
Convertible debt accrued interest rate	13%
Debt issuance costs in connection with issuance of debenture	$ 870,111
Amortization of debt issuance costs term of debenture	5 years
Ownership percentage of option to buy back royalty	50%
Debt instrument, covenant description			If the cash equivalent value (with the value of any non-cash consideration of any third party offer (the “Third Party Consideration”) exceeds $60,000,000 then Sprott shall have the right to buy a percentage interest of the Mineral Interest equal to the percentage that $60,000,000 is to the Third Party Consideration (the “Proportionate Mineral Interest”). If the Third Party Consideration equals or is less than $60,000,000, Sprott shall have the right to buy the entire Mineral Interest subject to such third party offer.
Aggregate purchase price of debenture	$ 60,000,000
Secured Royalty Convertible Debenture | Second Anniversary
Debt Instrument [Line Items]
Payment for royalty	11,250,000
Secured Royalty Convertible Debenture | Third Anniversary
Debt Instrument [Line Items]
Payment for royalty	$ 12,375,000

Note Payable, Related Party - A

Note Payable, Related Party - Additional Information (Details) - Seabridge Gold Inc. - USD ($)			12 Months Ended
	Oct. 01, 2023	Dec. 09, 2022	Jun. 30, 2024
Notes Payable | Bridge Promissory Note
Debt Instrument [Line Items]
Interest rate of loan	13%	12%
Debt instrument, maturity description			The Loan bears interest at a per annum rate of 12%, payable upon maturity or prepayment, and matures on September 30, 2023.
Loan maturity date		Sep. 30, 2023	Nov. 30, 2023
Repayment of debt including accrued interest			$ 1,667,833
Notes Payable | Bridge Promissory Note | Maximum
Debt Instrument [Line Items]
Principal amount of loan		$ 1,500,000
Rudi Fronk
Debt Instrument [Line Items]
Percentage of outstanding common stock			5.50%

Mineral Properties - Capitalize

Mineral Properties - Capitalized Acquisition Costs on Mineral Properties (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Mineral Properties [Line Items]
Mineral properties, net	$ 49,069,413	$ 51,458,261
Sleeper and Other Nevada Based Projects
Mineral Properties [Line Items]
Mineral properties, net	25,733,685	28,172,533
Grassy Mountain and Other Oregon Based Projects
Mineral Properties [Line Items]
Mineral properties, net	$ 23,335,728	$ 23,285,728

Mineral Properties - Additional

Mineral Properties - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Mineral Properties [Line Items]
Decrease in the mineral properties due to changes in estimates and settlements for the reclamation and environmental obligation	$ (84,295)	$ (364,612)
Frost Project | Nevada
Mineral Properties [Line Items]
Related party transaction, payments made	50,000
Nevada
Mineral Properties [Line Items]
Related party transaction, payments made	50,000	30,000
Nevada | Sleeper Gold Project
Mineral Properties [Line Items]
Decrease in the mineral properties due to changes in estimates and settlements for the reclamation and environmental obligation	2,488,848	360,612
Nevada | Frost Project
Mineral Properties [Line Items]
Related party transaction, payments made	$ 50,000	$ 50,000

Reclamation and Environmental_3

Reclamation and Environmental Obligation - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Site Contingency [Line Items]
Commutation account and reclamation bonds	$ 546,176	$ 546,176
Reclamation and environmental obligation	2,270,288	4,436,902	$ 4,475,270
Changes in estimates and settlements for reclamation and environmental obligation	2,608,848	484,613
Reclamation and environmental obligation, current	120,000	2,560,515
Reclamation and environmental obligation, noncurrent	2,150,288	$ 1,876,387
Sleeper Gold Project
Site Contingency [Line Items]
Undiscounted estimate of reclamation costs	3,725,110
Sleeper Gold Project | NDEP
Site Contingency [Line Items]
Undiscounted estimate of reclamation costs	$ 2,301,259

Reclamation and Environmental_4

Reclamation and Environmental Obligation - Schedule of Variables of Weighted Average (Details)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Environmental Remediation Obligations [Abstract]
Weighted-average credit adjusted risk free rate	9.93%	9.93%
Weighted-average inflation rate	2.53%	2.49%

Reclamation and Environmental_5

Reclamation and Environmental Obligation - Changes to Asset Retirement Obligation (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Asset Retirement Obligation Disclosure [Abstract]
Balance at beginning of period	$ 4,436,902	$ 4,475,270
Accretion expense	442,234	446,245
Additions and change in estimates	(84,295)	(364,612)
Settlements	(2,524,553)	(120,001)
Balance at end of period	$ 2,270,288	$ 4,436,902

Other Income - Other Income Det

Other Income - Other Income Details (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Component of Operating Income [Abstract]
Reimbursement of reclamation costs	$ 2,501,780	$ 178,084
Leasing of water rights to third party	6,095	5,975
Restitution payment	3,785
Total	$ 2,511,660	$ 184,059

Segmented Information - Schedul

Segmented Information - Schedule of Expenses and Mineral Property Carrying Values by Material Project (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Exploration and Development Expenses	$ 2,061,618	$ 2,423,556
Reclamation Expenses	2,605,799	172,153
Land Holding Costs	647,497	632,484
Carrying Values of Mineral Properties	49,069,413	51,458,261
Sleeper Gold Project and other Nevada based Projects
Segment Reporting Information [Line Items]
Exploration and Development Expenses	448,067	957,154
Reclamation Expenses	2,605,799	172,153
Land Holding Costs	490,184	478,971
Carrying Values of Mineral Properties	25,733,685	28,172,533
Grassy Mountain Project and other Oregon based Projects
Segment Reporting Information [Line Items]
Exploration and Development Expenses	1,613,551	1,466,402
Land Holding Costs	157,313	153,513
Carrying Values of Mineral Properties	$ 23,335,728	$ 23,285,728

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Loss Carryforwards [Line Items]
Tax losses	$ 35,736,884	$ 30,375,155
Income tax examination year	2019 2020 2021 2022 2023
United States
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	$ 38,219,334	$ 38,219,334
United States | Minimum
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards expiration date	2024
United States | Maximum
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards expiration date	2038

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Company's Deferred Tax Asset (Liability) (Details) - United States - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Operating Loss Carryforwards [Line Items]
Mineral properties	$ 308,364	$ (571,685)
Asset retirement obligation	476,760	931,750
Fixed assets	752	805
Derivatives	185,163
Stock options	628,667	613,880
Other	2,100	2,100
Net operating losses	15,534,237	14,408,273
Gross deferred tax assets	17,136,043	15,385,123
Valuation allowance	(17,409,493)	(15,625,166)
Mineral properties	$ (273,450)	$ (240,043)

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Tax Recovery Differs from Amounts Computed by Applying Statutory Tax to Pre-tax Losses (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Loss before taxes	$ (8,023,038)	$ (6,488,115)
US Statutory tax rate	21%	21%
Expected income recovery	$ (1,684,838)	$ (1,362,504)
Non-deductible items	1,099	309
Change in estimates	(67,181)	(4,249)
Change in valuation allowance	1,784,327	1,328,860
Total income taxes (recovery)	33,407	(37,584)
Deferred tax expense (recovery)	$ 33,407	$ (37,584)

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	12 Months Ended
	Jun. 30, 2024 USD ($) a MiningClaim	Jun. 30, 2024 CAD ($) MiningClaim	Jun. 30, 2023 USD ($)
Nevada
Commitments And Contingencies [Line Items]
Related party transaction, payments made	$ 50,000		$ 30,000
Option Agreement | Nevada
Commitments And Contingencies [Line Items]
Total consideration payable	300,000
Total consideration paid	$ 20,000
Grassy Mountain Project
Commitments And Contingencies [Line Items]
Number of mining fields | MiningClaim	44	44
Area covered by mining claims | a	589
Annual lease payment, year one	$ 40,000
Annual lease payment, year two	40,000
Annual lease payment, thereafter	60,000
Option to purchase mining claims, price	$ 560,000
Term of the agreement	25 years
Annual lease payment made	$ 60,000
Grassy Mountain Project | Option Agreement | Seabridge Gold Inc.
Commitments And Contingencies [Line Items]
Payment to purchase net profit interest		$ 10,000,000
Grassy Mountain Project | Minimum
Commitments And Contingencies [Line Items]
Royalty rate	2%
Grassy Mountain Project | Maximum
Commitments And Contingencies [Line Items]
Royalty rate	4%
Frost Project | Nevada
Commitments And Contingencies [Line Items]
Related party transaction, payments made	$ 50,000		$ 50,000
Frost Project | Nevada
Commitments And Contingencies [Line Items]
Number of mining fields | MiningClaim	40	40
Percentage of mining claim rights acquired	100%	100%
Total consideration payable	$ 250,000
Percentage of Net Smelter Royalty	2%	2%
Rate of right to reduce net smelter royalty by parent	1%	1%
Payment to reduce NSR by parent	$ 1,000,000
Related party transaction, payments made	50,000
Total consideration paid	$ 10,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($)	3 Months Ended
	Sep. 25, 2024	Jun. 30, 2024	Jun. 30, 2023
Subsequent Event [Line Items]
Common stock, shares issued		65,044,305	54,812,248
Subsequent Events
Subsequent Event [Line Items]
Proceeds from issuance of equity	$ 53,299
Common stock, shares issued	114,918