Related Party Transactions |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Note 13: Related Party Transactions
The Company shares personnel, including key management personnel, office space, equipment, and various administrative services with other companies, including GoldMining. Costs incurred by GoldMining are allocated between its related subsidiaries based on an estimate of time incurred and use of services and are charged at cost.
During the three and nine months ended September 30, 2026, the Company incurred $1,114 and $3,267, respectively, and during the three and nine months ended September 30, 2025, $1,019 and $4,726, respectively, in general and administrative costs, paid to Blender, a company whose principal is an immediate family member of a co-chairman and director of GoldMining, for information technology, corporate branding, sponsorships and advertising, media, website design, maintenance and hosting services, provided by Blender to the Company.
During the three and nine months ended September 30, 2026, stock-based compensation costs included $ and $, respectively (stock-based compensation recovery of $ and $ during the three and nine months ended September 30, 2025), in amounts incurred for a co-chairman and director of GoldMining for performance based Restricted Shares granted in September 2022 (Note 9.3).
During the three and nine months ended September 30, 2026, stock-based compensation costs included $ and $, respectively (stock-based compensation recovery of $ and $ during the three and nine months ended September 30, 2025), in amounts incurred for an immediate family member of a co-chairman and director of GoldMining for performance based Restricted Shares granted in September 2022 (Note 9.3).
In May 2026, GoldMining exercised 122,490 warrants at a price of $13.00 per warrant for a total consideration of $1,592,370.
Related party transactions are based on the amounts agreed to by the parties. During the three months ended September 30, 2026, and 2025, the Company did not enter into any contracts or undertake any commitment or obligation with any related parties other than as described herein.
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