TRADE PAYABLES AND ACCRUED LIABILITIES |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payables and Accruals [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| TRADE PAYABLES AND ACCRUED LIABILITIES | 7. TRADE PAYABLES AND ACCRUED LIABILITIES
A summary of trade payables and accrued liabilities is detailed in the table below:
Amounts due to related parties at December 31, 2025, includes severance payable of $500,000 to the Company’s former Chief Executive Officer in accordance with the succession plan announced on December 15, 2025, which was paid upon his departure in January 2026.
Trade payables at December 31, 2025, include $4,813,564 (Note 4) of VAT due to the BCL liquidator arising from the second instalment payment in respect of the Selebi Mines and Selkirk Mine (Note 5).
Severance payable at June 30, 2026, includes amounts due to the Company’s former Chief Executive Officer and Chief Financial Officer who departed the Company in December 2024 and July 2025, respectively, of which $48,697 is payable in equal monthly instalments until December 31, 2026, and $59,792 is payable on July 31, 2026.
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