12. Related Party Transactions

Key management includes directors (executive and non-executive) and senior management. The compensation paid or payable to key management is disclosed in the table below.

Except as disclosed elsewhere in the consolidated financial statements, the Company had the following general and administrative costs with related parties during the years ended December 31, 2025, 2024 and 2023:

								Net balance receivable (payable)
		Years ended December 31,						as at December 31,
		2025		2024		2023		2025			2024

Key management compensation:
Executive salaries and remuneration⁽¹⁾	$	785	$	833	$	803	$	(11	)	$	(13	)
Severance		-		-		73		-			-
Directors fees		83		85		86		(42	)		(27	)
Share-based payments		551		316		391		-			-
	$	1,419	$	1,234	$	1,353	$	(53	)	$	(40	)

⁽¹⁾ Includes key management compensation which is included in employee and director remuneration, mineral property interests, and corporate development.

As of December 31, 2025, Sun Valley Investments AG ("Sun Valley") owned 48% common shares of the Company. During the year ended December 31, 2025, the Company received from and provided to Sun Valley corporate and technical related services. The Company incurred $24,000 (2024 - $112,000) in expenses and charged $54,000 (2024 - $40,000) to Sun Valley for services and reimbursements. The 2024 and 2025 amounts are outstanding at year end December 31, 2025, for a net amount of $42,000 due to Sun Valley.