v3.25.2
Related party transactions - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
May 31, 2025
May 31, 2024
May 31, 2025
May 31, 2024
Aug. 31, 2024
IfrsStatementLineItems [Line Items]          
Related party transactions    

 

17.Related party transactions

 

Related parties include the Board of Directors and officers, extended relatives and enterprises that are controlled by these individuals as well as certain consultants performing similar functions.

 

Remuneration of Directors and key management personnel of the Company was as follows:

 

                    
     Three months ended May 31,     Nine months ended May 31, 
Directors and key management personnel    2025     2024     2025     2024 
Remuneration  $451   $429   $1,777   $1,293 
Share-based compensation expense   374    185    1,530    1,173 
Total directors and key management personnel  $825   $614   $3,307   $2,466 

 

During the three and nine months ended May 31, 2025, $0.1 million and $0.4 million for stock options granted to key management personnel was expensed, respectively (2024 – $0.2 million and $0.5 million, respectively) and $0.1 million and $0.9 million for RSUs granted to directors and key management personnel was expensed, respectively (2024 – $nil and $0.4 million, respectively).

 

During the three and nine months ended May 31, 2025, $0.1 million and $0.3 million related to common share awards granted to key management personnel was expensed, respectively (2024 – $nil and $0.2 million, respectively).

    
Remuneration $ 451 $ 429 $ 1,777 $ 1,293  
Share-based compensation expense 374 185 1,530 1,173  
Total directors and key management personnel 825 614 3,307 2,466  
Directors’ fees (Note 17) 105 67 248 196  
Insurance 59 84 179 255  
Office and general 46 80 174 225  
Shareholder information 158 71 523 368  
Professional fees 216 93 618 338  
Salaries and benefits (Note 17) 515 534 2,194 1,788  
Consulting 115 98 511 454  
Share-based compensation expense (Notes 14 and 17) 453 280 1,882 1,493  
Travel and accommodation 53 55 165 168  
Depreciation 11 14 40 46  
Other 6 7 14 30  
Total general and administrative expenses 1,737 1,383 6,548 5,361  
Measured at amortized cost          
Amounts receivable 2,691   2,691   $ 1,958
Measured at fair value through profit or loss          
Cash 6,535   6,535   8,331
Measured at amortized cost          
Amounts payables and accrued liabilities 20,114   20,114   15,545
Borrowings 2,980   2,980  
Measured at fair value through profit or loss          
Derivative financial instrument liabilities 812   812   $ 2,273
Revenue 12,474 10,148 34,109 27,536  
Depreciation     2,349 1,493  
Change in fair value of derivative financial instruments (Note 12)     1,461 (677)  
Share-based compensation expense (Note 14)     2,027 1,705  
Accretion of provision for reclamation     106 81  
Deferred income tax expense (Note 8)     2,632 3,027  
Accretion of lease liabilities (Note 10)     256 3  
Deferred revenue (Note 9)     398 410  
Accretion of deferred revenue (Note 9)     230 360  
Foreign exchange losses     95 216  
Financing costs expensed (Note 5)     953  
VAT impaired     20  
Total non-cash items     7,605 7,972  
Tanzania [Member]          
Measured at fair value through profit or loss          
Revenue $ 12,474 $ 10,148 $ 34,109 $ 27,536