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Related party transactions

9 Months Ended

May 31, 2024

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:


	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).