Related Party Transactions |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Related Party Transactions | |
| Related Party Transactions | Note 7. Related Party Transactions
The Company’s CEO and Director, James Doris, renders professional services to the Company through AGD Advisory Group, Inc., an affiliate of Mr. Doris’s. For the three month period ended March 31, 2026 and 2025, the Company paid or accrued $150,000 in fees to AGD Advisory Group, Inc. At March 31, 2026 and December 31, 2025, the total amount due to AGD Advisory Group, Inc. was $1,695,000 and $1,545,000, respectively, and is included in accounts payable.
At March 31, 2026 and December 31, 2025, the Company’s CEO and Director, James Doris, has provided advances to the Company in the amount of $1,338,330. The advances are non-interest bearing with no fixed repayment terms and are included in “Due to related parties”.
The Company’s CFO, John McVicar, renders professional services to the Company through 1508586 Alberta Ltd., an affiliate of Mr. McVicar’s. For the three month period ended March 31, 2026 and 2025, the Company paid or accrued $90,000 in fees to 1508586 Alberta Ltd. At March 31, 2026 and December 31, 2025, the total amount due to 1508586 Alberta Ltd. was $150,000 and $105,000, respectively, and is included in accounts payable.
The Company paid or accrued $40,000 in Directors Fees for the three month periods ended March 31, 2026 and 2025. At March 31, 2026 and December 31, 2025, the total amount due to the Directors was $187,000 and $160,000, respectively, and is included in accounts payable. |