Related party transactions |
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| Related Party Transactions [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related party transactions | 14. Related party transactions
The Company’s key management personnel have the authority and responsibility for planning, directing and controlling the activities of the Company and consists of the Company’s executive management team and management directors. Consulting fees and wages for key management personnel are as follows:
At June 30, 2026 and December 31, 2025, $112,500 and $83,058, respectively, is owed to key management personnel with all amounts included in accounts payable and accrued liabilities on the condensed interim consolidated balance sheets.
Sprott Transactions
As a greater than 10% holder in the Company’s equity, Sprott is a related party. During the three and six months ended June 30, 2026, the Company issued and shares of common stock, respectively, to Sprott in connection with its election to satisfy interest payments under the outstanding convertible debentures and loan facility owned by Sprott (three and six months ended June 30, 2025 – and shares of common stock, respectively). As at June 30, 2026, the Company has 518,600 shares of common stock payable to Sprott in connection with its election to satisfy interest payments under the outstanding convertible debentures and loan facility owned by Sprott for the three months ended June 30, 2026. For detailed discussions on the convertible debentures and Sprott Debt Facility, refer to note 8. For detailed discussion on the Sprott Stream Conversion and Sprott Debt Settlement transactions which occurred on June 5, 2025, refer to note 9. For detailed discussion on the sale of mineral properties transactions with Sprott, refer to note 5.
Sprott Streaming acquired Units in the Brokered Offering closed on June 5, 2025 at a price of C$ per Unit (the “Offering Price”). Each Unit issued under the Equity Offerings consisted of one share of our common stock and one-half of one share of common stock purchase warrant (a “Warrant”). Each whole Warrant will be exercisable to acquire one additional share of our common stock (a “Warrant Share”) at a price of C$ per Warrant Share for a period of three years following the date of issuance, subject to customary adjustments.
Teck Transactions
As a greater than 10% holder in the Company’s equity, Teck is a related party. For detailed discussion on the Teck Promissory Note and Teck Standby Facility, refer to note 8. For detailed discussion on Teck’s participation in the Non-Brokered Offering closed on June 5, 2025 and the Brokered Offering closed on September 29, 2025, refer to note 9.
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