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RELATED PARTY BALANCES AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

RELATED PARTY BALANCES AND TRANSACTIONS

Summary of the related party transactions

​

​	​	​	​	​
​		Year ended December 31,
​		2023		2022
​	​	$	​	$
Amounts paid to EarthLabs Inc. (i) for exploration and evaluation		18,000		266,737
Amounts paid to DigiGeoData Inc. (i) for corporate development and investor relations		—		1,800
Amounts paid to Notz Capital Corp. (ii) for corporate development and investor relations	​	104,637	​	—

(i) EarthLabs Inc. is a related entity having the following common director and officer to the Company: Denis Laviolette, Director and President. DigiGeoData Inc. is a subsidiary of EarthLabs Inc.

(ii) Notz Capital Corp. is a related entity of the Executive Chairman and Chief Executive Officer.

Summary of key management personnel compensation

​

​	​	​	​	​	​	​	​	​
​		​		​		​		Year ended
​	​	Salaries and	​	Share-based	​	​	​	December 31,
​	​	Consulting	​	compensation	​	Bonus	​	2023
​	​	$	​	$	​	$	​	$
Executive Chairman and Chief Executive Officer		388,800		—		129,600		518,400
President		272,160		—		90,720		362,880
Chief Financial Officer		116,640		—		38,880		155,520
Chief Operating Officer		252,720		—		84,240		336,960
Chief Development Officer	​	336,960	​	235,560	​	112,320	​	684,840
Non-executive directors		216,000		—		—		216,000
Total		1,583,280		235,560		455,760		2,274,600

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​		Year ended
​	​	Salaries and	​	Share-based	​	​	​	December 31,
​	​	Consulting	​	compensation	​	Bonus	​	2022
​		$		$		$		$
Executive Chairman and Chief Executive Officer		360,000		1,844,584		180,000		2,384,584
Former Chief Executive Officer	​	105,000		—		—		105,000
President		252,000		1,291,209		126,000		1,669,209
Chief Financial Officer		108,000		507,261		54,000		669,261
Chief Operating Officer		234,000		461,146		117,000		812,146
Chief Development Officer		182,000	​	391,207	​	78,000	​	651,207
Non-executive directors		113,110		1,390,778		—		1,503,888
Total		1,354,110		5,886,185		555,000		7,795,295

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- Definition

The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]]

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- Definition

The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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