RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2024

13.	RELATED PARTY TRANSACTIONS

The remuneration of key management which includes directors and management personnel responsible for planning, directing, and controlling the activities of the Company during the period was as follows:


	For the year ended December 31,

	2024		2023
Short-term compensation (1)	$	6,034	$	7,317
Share-based payments (2)		24,747		33,319
Consulting fees (3)		130		130
	$	30,911	$	40,766

(1)

Short-term compensation to key management personnel for the year ended December 31, 2024 amounted to $6,034 (2023 - $7,317) of which $6,034 (2023 - $7,100) was expensed and included in salaries, benefits, and directors’ fees on the statement of net income (loss) and comprehensive income (loss). The remaining $nil (2023 - $217) was capitalized to exploration and evaluation assets.

(2)

Share-based payments to key management personnel for the year ended December 31, 2024 amounted to $24,747 (2023 - $33,319) of which $24,747 (2023 - $32,793) was expensed and $nil (2023 - $526) was capitalized to exploration and evaluation assets.

(3)

The Company used consulting services from a company associated with one of its directors in relation to advice on corporate matters for the year ended December 31, 2024 amounting to $130 (2023 - $130).

The Company received rental income for shared office space from an associate for the year ended December 31, 2024 of $34 (2023 - $nil).

As at December 31, 2024, there was $43 (December 31, 2023 - $43) included in accounts payable and accrued liabilities owing to a director for compensation.