12. RELATED PARTY TRANSACTIONS
The following amounts due to related parties are included in trade payables and accrued liabilities (Note 7).
June 30, 2026 $ | December 31, 2025 $ | |||||||
| Directors and officers of the Company | 24,143 | 540,443 | ||||||
| Total | 24,143 | 540,443 | ||||||
Amounts due to related parties at December 31, 2025, include severance payable of $500,000 due 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.
Key management personnel are defined as members of the Board of Directors and certain senior management.
Key management compensation was related to the following:
Three months ended June 30, | Six months ended June 30, | |||||||||||||||
2026 $ | 2025 $ | 2026 $ | 2025 $ | |||||||||||||
| Salaries and management fees | 184,495 | 264,405 | 389,806 | 460,509 | ||||||||||||
| Site operations and administration | 180,952 | 408,543 | 385,962 | 835,457 | ||||||||||||
| Director fees, net of DSU fair value movements | 196,331 | 627,875 | 222,846 | 617,051 | ||||||||||||
| Share-based compensation | 297,239 | 416,601 | 601,684 | 745,137 | ||||||||||||
| Total compensation | 859,017 | 1,717,424 | 1,600,298 | 2,658,154 | ||||||||||||
Notes to the Unaudited Condensed Interim Consolidated Financial Statements
For the three and six months ended June 30, 2026 and 2025
(Expressed in Canadian dollars)