v3.26.1
Related Party Transactions Disclosure
 9 Months Ended
Feb. 28, 2026
Notes  
Related Party Transactions Disclosure

NOTE 2 - RELATED PARTY TRANSACTIONS

 

Amounts due to related parties, other than advances and notes payable to related parties (Note 3) at February 28, 2026, and at May 31, 2025:

 

February 28, 2026

 

May 31, 2025

Due to the Chief Executive Officer (“CEO”) and President

$

220,093

 

$

144,237

Due to the Chief Financial Officer (“CFO”)

 

5,617

 

 

8,778

Due to an entity controlled by a director of the Company

 

379,521

 

 

295,521

Due to related parties(1)

$

605,231

 

$

448,536

(1)The amounts due to related parties are unsecured, due on demand and bear no interest. 

 

During the nine months ended February 28, 2026 and 2025, the Company had the following transactions with related parties:

 

February 28,

2026

 

February 28,

2025

Management fees incurred to the CEO and President

$

67,500

 

$

67,500

Consulting fees incurred to the CFO

 

22,500

 

 

22,500

Consulting fees incurred to an entity controlled by a director of the Company

 

81,480

 

 

80,831

Total transactions with related parties

$

171,480

 

$

170,831