v3.25.2
Note 10 - Related Party Transactions
12 Months Ended
Mar. 31, 2025
Statement Line Items [Line Items]  
Disclosure of related party [text block]

10.

RELATED PARTY TRANSACTIONS

 

Key management personnel include those persons having authority and responsibility for planning, directing and controlling the activities of the Company as a whole. The Company has determined that key management personnel consist of executive and non-executive members of the Company’s Board of Directors and corporate officers and companies controlled by them. The remuneration that was paid or accrued to the directors and other members of key management personnel during the years ended March 31, 2025, 2024 and 2023 was as follows:

 

  

Management fees

  

Investor relation
fees

  

Consulting fees

  

Share-based payments

  

Total

 
                     

Year ended March 31, 2025

                    

Current and former directors, officers and companies controlled by them

 $808,550  $-  $-  $634,830  $1,443,380 
                     

Year ended March 31, 2024

                    

Current and former directors, officers and companies controlled by them

 $754,542  $-  $-  $717,725  $1,472,267 
                     

Year ended March 31, 2023

                    

Current and former directors, officers and companies controlled by them

 $381,819  $66,530  $65,000  $804,016  $1,317,365 

 

 

Additionally, please refer to Notes 5 and 8 on the long-term related party promissory note and short-term related party loan payable.

 

During the year ended March 31, 2025, the Company issued 1,369,810 common shares to Denison pursuant to the option agreement. Please refer to Notes 6 and 9. No other fee was paid or accrued to Denison during the year ended March 31, 2025.

 

The amounts due to/from related parties included in accounts receivable, and accounts payable and accrued liabilities, are unsecured, non-interest bearing, and have no specific terms of repayment, and are as follows:

 

  

March 31, 2025

  

March 31,

2024

 
         

Current and former directors, officers and companies controlled by them

 $135,411  $86,980 

Due from Rio Grande, a company related by virtue of a common officer

 $68,825  $-