9.RELATED PARTY TRANSACTIONS Related party transactions are made on terms agreed upon by the related parties. The balances with related parties are unsecured, non-interest bearing, and due on demand. Related party transactions not disclosed elsewhere, if any, in the consolidated financial statements are as follows: | | | | | | | Due to a related party | | June 30, 2025 | | June 30, 2024 | Silvercorp Metals Inc. | | $ | 91,687 | | $ | 50,302 |
| (a) | Silvercorp Metals Inc. (“Silvercorp”) has one director and one officer (June 30, 2024 – one director) in common with the Company. Silvercorp and the Company share office space and Silvercorp provides various general and administrative services to the Company. The Company expects to continue making payments to Silvercorp in the normal course of business. Office and administrative expenses rendered and incurred by Silvercorp on behalf of the Company for the year ended June 30, 2025 were $801,406 (year ended June 30, 2024 - $823,195). |
| (b) | Compensation of key management personnel |
The remuneration of directors and other members of key management personnel for the year ended June 30, 2025 and 2024 are as follows: | | | | | | | | | Years ended June 30, | | | 2025 | | 2024 | Director's cash compensation | | $ | 64,498 | | $ | 77,217 | Director's share-based compensation | | | 536,417 | | | 462,721 | Key management's cash compensation | | | 647,676 | | | 1,265,900 | Key management's share-based compensation | | | 525,454 | | | 1,833,584 | | | $ | 1,774,045 | | $ | 3,639,422 |
Other than as disclosed above, the Company does not have any ongoing contractual or other commitments resulting from transactions with related parties.
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