Income Taxes (Tables)

12 Months Ended

Jun. 30, 2025

The tax effects of the significant components within the Company’s deferred tax asset (liability) at June 30, 2025 and 2024 are as follows:


United States	2025			2024
Mineral properties	$	71,353		$	308,364
Asset retirement obligation		481,691			476,760
Fixed assets		(257	)		752
Derivatives		276,686			185,163
Stock options		626,052			628,667
Other		2,100			2,100
Net operating losses		17,565,333			15,534,237
	$	19,022,958		$	17,136,043
Valuation allowance		(19,315,657	)		(17,409,493	)
Mineral properties	$	(292,699	)	$	(273,450	)
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:


	2025			2024
Loss before taxes	$	(9,031,174	)	$	(8,023,038	)
US Statutory tax rate		21.00	%		21.00	%
Expected income recovery		(1,896,547	)		(1,684,838	)
Non-deductible items		482			1,099
Change in estimates		9,150			(67,181	)
Other items		—			—
Change in tax rates		—			—
Change in valuation allowance		1,906,164			1,784,327
Total income taxes		19,249		$	33,407
Current tax expense		—			—
Deferred tax expense		19,249			33,407
	$	—		$	—

Paramount Gold Nevada Corp. 10-K