RELATED PARTY TRANSACTIONS

12 Months Ended

Jul. 31, 2024

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS [Text Block]

9. RELATED PARTY TRANSACTIONS

Key management personnel consist of the Chief Executive Officer, Chief Financial Officer, and the directors of the Company. The remuneration of the key management personnel is as follows:

a) Salaries of $89,296 (2023 - $135,000) to the previous CEO of the Company. Consulting fees of $113,649 and $88,487 (2023 - $Nil and $Nil) to the CEO and an advisor of the Company.

b) Directors' fees of $118,022 (2023 - $81,209) to directors of the Company.

c) During the year ended July 31, 2024, the Company paid $132,421 (2023 - $134,140) in professional fees to a company controlled by a director of the Company.

d) Share-based compensation of $338,692 (2023 - $421,883) for options granted during the year ended July 31, 2024.

e) As at July 31, 2024, $128,949 (2023 - $51,159) was owed to related parties.

f) During fiscal 2024, certain directors of the Company purchased an aggregate of 8,201,698 units of the private placement for gross proceeds of $994,400 (2023 - purchased 2,394,299 units for $957,720).

g) A director of the Company is a manager of a private company which manages Eridanus Capital, LLC, a company that provided a secured loan to the Company's wholly owned subsidiary, Rise Grass Valley in 2019.