RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS [Text Block]

8. 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 $Nil (2024 - $89,526) to the previous CEO of the Company. Consulting fees of $99,000 (2024 - $ 80,556 and $88,716) to the CEO and an advisor of the Company.

b) Consulting fees of $29,870 (2024 - $NIL) to the CFO of the Company

c) Director fees of $70,000 (2024 - $88,022) to directors of the Company.

d) During the period ended April 30, 2025, the Company paid $64,206 (2024 - $99,572) in professional and consulting fees to a company controlled by a former director of the Company.

e) Share-based compensation of $258,415 (2024 - $166,619) for options granted and vested during the period ended.

f) As at April 30, 2025 and July 31, 2024, $179,644 and $128,949 were owed to related parties, respectively.

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.

h) A director of the Company is a manager of a private company which manages Myrmikan Gold Fund, LLC, a company that provided a secured loan to the Company's wholly owned subsidiary, Rise Grass Valley in 2024.

i) During the nine months period ended April 30, 2024, certain directors of the Company purchased an aggregate of 7,969,067 units of the private placement for gross proceeds of $972,300 (NIL - for the period ended April 30, 2025)