RELATED PARTY |
9 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY | NOTE 6 – RELATED PARTY
Due to related party
MI Labs Pty Ltd, a management company controlled by Mr. Jason May, the Company’s Chief Executive Officer and a Company Director, provides management services to the Company for which the Company is charged $25,000 monthly. During the three months ended June 30, 2026, the Company incurred charges to operations of $75,000 with respect to this arrangement.
Sativus Investments, a management company controlled by Mr. Paul Saffron, the Company’s Chief Operations Officer, provides management services to the Company for which the Company is charged $30,000 monthly. During the three months ended June 30, 2026, the Company incurred charges to operations of $90,000 with respect to this arrangement.
Parallel40 LLC, a management company controlled by Ms. Kristi Steele and Mr. David Hare, the Company’s Chief Sustainability Officers, provides management services to the Company for which the Company was charged $30,000 monthly. During the three months ended June 30, 2026, the Company incurred charges to operations of $90,000 with respect to this arrangement.
Russell Krause, the Company’s Chief Commercial Officer and a Company Director, provides management services to the Company for which the Company was charged $25,000 monthly. During the three months ended June 30, 2026, the Company incurred charges to operations of $75,000 with respect to this arrangement.
Haminerals Pty Ltd, a management company controlled by Mr. Andrew Hamilton, the Company’s Chief Operations Officer (Australia), provides management services to the Company for which the Company was charged $20,000 monthly. During the three months ended June 30, 2026, the Company incurred charges to operations of $60,000 with respect to this arrangement.
Parallel40 LLC, a management company controlled by Ms. Kristi Steele, a Company Officer, and Mr. David Hare, a Company Officer, entered into a convertible note agreement with the Company – see NOTE 5.
Pagemark Limited, a management company controlled by Mr. David Halstead, a Company Director, entered into a convertible note agreement with the Company – see NOTE 5.
Allegro Investments Limited entered into a convertible note agreement with the Company. The Company and Allegro Investments Limited share a professional relationship wherein a director serves on the boards of both entities – see NOTE 5.
STR Ventures is considered a related party of the Company due to its ownership of more than 5% of the Company’s outstanding stock. As of the period ended June 30, 2026, the Company owed STR Ventures $237,300 in accrued consulting fees. These fees relate to ongoing consulting services provided by STR Ventures under the terms of an existing consulting agreement.
Stock based compensation
During the quarter ended June 30, 2026 and the year ended September 30, 2025, stock-based compensation expense relating to directors, officers, affiliates and related parties was $ ( shares) and $ ( shares), respectively.
During the nine-month period ended June 30, 2026, the Company settled $1,530,000 of related party payables with shares valued at $. During the year ended September 30, 2025, the Company settled $504,926 of related party payables with shares valued at $.
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