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Related party transactions | 9 Months Ended
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May 31, 2024
Related Party Transactions |
Related party transactions |
| 15. | Related party transactions
Related parties include the Board of Directors and officers, extended relatives and enterprises that are controlled by these individuals as well as certain consultants performing similar functions. Remuneration of Directors and key management personnel of the Company was as follows:
Schedule of related parties compensation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three months ended May 31, |  |  | Nine months ended May 31, |
Directors and key management personnel |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Remuneration(1) |  | $ | 429 |  |  | $ | 438 |  |  | $ | 1,293 |  |  | $ | 1,414 |
Share-based compensation expense |  |  | 185 |  |  |  | 410 |  |  |  | 1,173 |  |  |  | 1,682 |
Total directors and key management personnel |  | $ | 614 |  |  | $ | 848 |  |  | $ | 2,466 |  |  | $ | 3,096 |
| (1) | Remuneration includes salaries and benefits for certain key management personnel and director fees. Certain members of the board of directors have employment or service contracts with the Company. Directors are entitled to director fees and share-based compensation for their services and officers are entitled to cash remuneration and share-based compensation for their employment services.
As at May 31, 2024, included in amounts payable is $nil 0 of board fees (August 31, 2023 – $0.4 million) due to related parties with no specific terms of repayment. During the three and nine months ended May 31, 2024, $0.2 million and $0.5 million for stock options granted to key management personnel was expensed, respectively (2023 – $0.2 million and $0.4 million, respectively) and $nil 0 and $0.4 million for RSUs granted to directors and key management personnel was expensed, respectively (2023 – $nil 0 and $0.2 million, respectively). During the three and nine months ended May 31, 2024, $nil 0 and $0.2 million related to common share awards granted to key management personnel was expensed, respectively (2023 – $0.2 million and $1.1 million, respectively).

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