Document and Entity Information
Document and Entity Information | 9 Months Ended |
May 31, 2021shares | |
Cover [Abstract] | |
Entity Registrant Name | Enertopia Corp. |
Entity Central Index Key | 0001346022 |
Document Period End Date | May 31, 2021 |
Document Type | 10-Q |
Amendment Flag | false |
Document Fiscal Period Focus | Q3 |
Document Fiscal Year Focus | 2021 |
Entity Current Reporting Status | Yes |
Entity Common Stock, Shares Outstanding | 136,431,700 |
Entity Filer Category | Non-accelerated Filer |
Current Fiscal Year End Date | --08-31 |
Entity Small Business | true |
Entity Interactive Data Current | Yes |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
UNAUDITED CONDENSED INTERIM BAL
UNAUDITED CONDENSED INTERIM BALANCE SHEETS - USD ($) | May 31, 2021 | Aug. 31, 2020 |
Current | ||
Cash and cash equivalents | $ 325,156 | $ 45,528 |
Marketable securities | 15,204 | 24,354 |
Accounts receivable | 3,940 | 1,508 |
Prepaid expenses and deposit | 88,107 | 14,824 |
Total current assets | 432,407 | 86,214 |
Non-Current | ||
Patents | 69,000 | |
Total Assets | 501,407 | 86,214 |
Current | ||
Accounts payable | 282,803 | 290,336 |
Due to related parties | 137,909 | 188,834 |
Total Current Liabilities | 420,712 | 479,170 |
STOCKHOLDERS' EQUITY | ||
Share capital Authorized: 200,000,000 common shares with a par value of $0.001 per share Issued and outstanding: 136,431,700 common shares at May 31, 2021 and August 31,2020: 128,471,700 | 518,258 | 128,473 |
Additional paid-in capital | 14,006,152 | 13,758,598 |
Deficit accumulated during the exploration stage | (14,443,715) | (14,280,027) |
Total Stockholders' Equity | 80,695 | (392,956) |
Total Liabilities and Stockholders' Equity | 501,407 | 86,214 |
Commitments |
UNAUDITED CONDENSED INTERIM B_2
UNAUDITED CONDENSED INTERIM BALANCE SHEETS (Parentheticals) - $ / shares | May 31, 2021 | Aug. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares issued | 136,431,700 | 128,471,700 |
Common stock, shares outstanding | 136,431,700 | 128,471,700 |
CONDENSED INTERIM STATEMENTS OF
CONDENSED INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) | COMMON STOCK [Member] | ADDITIONAL PAID-IN CAPITAL [Member] | DEFICIT ACCUMULATED [Member] | Total |
Beginning Balance at Aug. 31, 2019 | $ 127,473 | $ 13,730,801 | $ (14,314,159) | $ (455,885) |
Beginning Balance (shares) at Aug. 31, 2019 | 127,471,700 | |||
Shares issued for LOI (shares) | 1,000,000 | |||
Shares issued for LOI | $ 1,000 | 10,489 | 11,489 | |
Comprehensive Income (loss) | (49,607) | (49,607) | ||
Ending Balance at Nov. 30, 2019 | $ 128,473 | 13,741,290 | (14,363,766) | (494,003) |
Ending Balance (shares) at Nov. 30, 2019 | 128,471,700 | |||
Stock options granted | 17,308 | 17,308 | ||
Comprehensive Income (loss) | 145,785 | 145,785 | ||
Ending Balance at Feb. 29, 2020 | $ 128,473 | 13,758,598 | (14,217,981) | (330,910) |
Ending Balance (shares) at Feb. 29, 2020 | 128,471,700 | |||
Comprehensive Income (loss) | (30,797) | (30,797) | ||
Ending Balance at May. 31, 2020 | $ 128,473 | 13,758,598 | (14,248,778) | (361,707) |
Ending Balance (shares) at May. 31, 2020 | 128,471,700 | |||
Comprehensive Income (loss) | (31,249) | (31,249) | ||
Ending Balance at Aug. 31, 2020 | $ 128,473 | 13,758,598 | (14,280,027) | (392,956) |
Ending Balance (shares) at Aug. 31, 2020 | 128,471,700 | |||
Stock options granted | 15,450 | 15,450 | ||
Comprehensive Income (loss) | 222,603 | 222,603 | ||
Ending Balance at Nov. 30, 2020 | $ 128,473 | 13,774,048 | (14,057,424) | (154,903) |
Ending Balance (shares) at Nov. 30, 2020 | 128,471,700 | |||
Beginning Balance at Aug. 31, 2020 | $ 128,473 | 13,758,598 | (14,280,027) | $ (392,956) |
Beginning Balance (shares) at Aug. 31, 2020 | 128,471,700 | |||
Stock options exercised (shares) | 2,920,000 | |||
Warrants exercised (shares) | 40,000 | |||
Ending Balance at May. 31, 2021 | $ 518,258 | 14,006,152 | (14,443,715) | $ 80,695 |
Ending Balance (shares) at May. 31, 2021 | 136,431,700 | |||
Beginning Balance at Nov. 30, 2020 | $ 128,473 | 13,774,048 | (14,057,424) | (154,903) |
Beginning Balance (shares) at Nov. 30, 2020 | 128,471,700 | |||
Shares issued for patent (Shares) | 2,000,000 | |||
Shares issued for patent | $ 69,000 | 69,000 | ||
Private placement (shares) | 3,000,000 | |||
Private placement | $ 159,009 | 20,991 | 180,000 | |
Stock options granted | 273,236 | 273,236 | ||
Stock options exercised (shares) | 2,720,000 | |||
Stock options exercised | $ 135,609 | (60,561) | 75,048 | |
Warrants exercised (shares) | 40,000 | |||
Warrants exercised | $ 2,255 | (655) | 1,600 | |
Comprehensive Income (loss) | (295,225) | (295,225) | ||
Ending Balance at Feb. 28, 2021 | $ 494,346 | 14,007,059 | (14,352,649) | 148,756 |
Ending Balance (shares) at Feb. 28, 2021 | 136,231,700 | |||
Stock options granted | 9,005 | $ 9,005 | ||
Stock options exercised (shares) | 200,000 | 2,920,000 | ||
Stock options exercised | $ 23,912 | (9,912) | $ 14,000 | |
Comprehensive Income (loss) | (91,066) | (91,064) | ||
Ending Balance at May. 31, 2021 | $ 518,258 | $ 14,006,152 | $ (14,443,715) | $ 80,695 |
Ending Balance (shares) at May. 31, 2021 | 136,431,700 |
CONDENSED INTERIM STATEMENTS _2
CONDENSED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) | 3 Months Ended | 9 Months Ended | ||
May 31, 2021 | May 31, 2020 | May 31, 2021 | May 31, 2020 | |
Expenses | ||||
Accounting and audit | $ 13,373 | $ 8,006 | $ 29,634 | $ 29,831 |
Bank charges and interest expense | 285 | 321 | 839 | 1,383 |
Consulting | 15,801 | 13,322 | 29,301 | 23,822 |
Mineral exploration costs | 1,013 | 1,046 | 5,926 | 14,671 |
Fees and dues | 20,178 | 1,959 | 34,116 | 17,698 |
Insurance | 3,605 | |||
Investor relations | 7,855 | 6,677 | 23,529 | 18,166 |
Legal and professional | 11,236 | 780 | 22,401 | 8,190 |
Office and miscellaneous | 1,956 | 802 | 3,253 | 938 |
Research and development | 2,645 | 266 | 5,978 | 760 |
Rent | 2,639 | 4,361 | 1,963 | |
Stock based compensation | 9,005 | 297,691 | 17,308 | |
Total expenses | 85,986 | 33,179 | 457,029 | 138,335 |
Loss for the period before other items | (85,986) | (33,179) | (457,029) | (138,335) |
Other income (expense) | ||||
Foreign exchange gain (loss) | (2,347) | 2,382 | (4,677) | 3,716 |
Unrealized gain on marketable securities | (33,717) | (5,470) | ||
Gain on disposal of marketable securities | 30,984 | 53,488 | ||
Income from royalty grant | 250,000 | 200,000 | ||
Net Income (loss) and comprehensive Income (loss) for the period | $ (91,066) | $ (30,797) | $ (163,688) | $ 65,381 |
Basic earnings (loss) per share (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 |
Diluted earnings (loss) per share (in dollars per share) | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average number of common shares outstanding - basic (in shares) | 136,563,844 | 128,471,700 | 132,448,989 | 128,260,021 |
Weighted average number of common shares outstanding - diluted (in shares) | 136,563,844 | 128,471,700 | 132,448,989 | 128,260,021 |
CONDENSED INTERIM STATEMENTS _3
CONDENSED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) | 9 Months Ended | |
May 31, 2021 | May 31, 2020 | |
Cash flows used in operating activities | ||
Net Income (loss) | $ (163,688) | $ 65,381 |
Changes to reconcile net loss to net cash used in operating activities | ||
Shares issued for exploration cost | 11,489 | |
Stock based compensation | 297,691 | 17,308 |
Income from Royalty grant | (250,000) | (200,000) |
Unrealized gain on marketable securities | 5,470 | |
Gain on disposal of marketable securities | (53,488) | |
Interest on loan payable | 699 | |
Change in non-cash working capital items: | ||
Accounts receivable | (2,432) | 5,370 |
Prepaid expenses and deposit | (73,283) | 19,323 |
Accounts payable and accrued liabilities | (7,533) | (11,871) |
Due to related parties | (50,925) | (8,706) |
Net cash (used in) operating activities | (298,188) | (101,007) |
Cash flows from Investing activities | ||
Proceeds from disposal of marketable securities | 74,873 | |
Purchases of marketable securities | (17,705) | |
Proceeds from royalty grant | 250,000 | 200,000 |
Net cash from investing activities | 307,168 | 200,000 |
Cash flows from (used in) Financing activities | ||
Net proceeds from options exercised | 89,048 | |
Net proceeds from warrants exercised | 1,600 | |
Net proceeds from subscriptions received | 180,000 | |
Repayment of loan from related party | (15,968) | |
Net cash from (used in) Financing activities | 270,648 | (15,968) |
Increase (Decrease) in cash and cash equivalents | 279,628 | 83,025 |
Cash and cash equivalents, beginning of period | 45,528 | 9,758 |
Cash and cash equivalents, end of period | 325,156 | 92,783 |
Supplemental information of cash flows | ||
Interest paid in cash | 0 | 0 |
Income taxes paid in cash | $ 0 | $ 0 |
ORGANIZATION
ORGANIZATION | 9 Months Ended |
May 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION [Text Block] | 1. ORGANIZATION The unaudited condensed interim financial statements for the period ended May 31, 2021 included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These unaudited condensed interim financial statements should be read in conjunction with the August 31, 2020 audited annual financial statements and notes thereto. The Company was formed on November 24, 2004 under the laws of the State of Nevada and commenced operations on November 24, 2004. The Company was an independent natural resource company engaged in the exploration, development and acquisition of natural resources in the United States and Canada. In the fiscal year 2010, the Company shifted its strategic plan from its non-renewal energy operations to its planned renewal energy operations and natural resource acquisition and development. In late summer of 2013, the Company had another business sector in alternative health and wellness. During spring of 2016, the Company shifted its strategic plan to natural resource acquisitions and Lithium brine extraction technology. The Company office is located in Kelowna, B.C., Canada. |
GOING CONCERN UNCERTAINTY
GOING CONCERN UNCERTAINTY | 9 Months Ended |
May 31, 2021 | |
Going Concern Uncertainty [Abstract] | |
GOING CONCERN UNCERTAINTY [Text Block] | 2. GOING CONCERN UNCERTAINTY The accompanying unaudited condensed interim financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business for the foreseeable future. The Company incurred net cash outflows from operating activities of $298,188 for the nine months ended May 31, 2021 ($101,007 for the nine months ended May 31, 2020) and as at May 31, 2021 has incurred cumulative losses of $14,443,715 that raises substantial doubt about its ability to continue as a going concern. Management has been able, thus far, to finance the operations through equity financing and cash on hand. There is no assurance that the Company will be able to continue to finance the Company on this basis. In view of these conditions, the ability of the Company to continue as a going concern is in substantial doubt and dependent upon its ability to generate sufficient cash flow to meet its obligations on a timely basis, to obtain additional financing as may be required, to receive the continued support of the Company's shareholders, and ultimately to obtain successful operations. There are no assurances that we will be able to obtain further funds required for our continued operations. As noted herein, we are pursuing various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be unable to conduct our operations as planned, and we will not be able to meet our other obligations as they become due. In such event, we will be forced to scale down or perhaps even cease our operations. There is significant uncertainty as to whether we can obtain additional financing. These unaudited condensed interim financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying unaudited condensed interim financial statements. Since March 2020, several measures have been implemented in Canada, the United States, and the rest of the world in response to the increased impact from the novel coronavirus ("COVID-19"). While the impact of COVID-19 is expected to be temporary, the current circumstances are dynamic and the impact on our business operations cannot be reasonably estimated at this time. We anticipate this could have an adverse impact on our exploration plans, results of operations, financial position and cash flows. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
May 31, 2021 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES [Text Block] | 3. SIGNIFICANT ACCOUNTING POLICIES a) Basis of Presentation The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and the instructions to Securities and Exchange Commission ("SEC") Form 10-Q and Article 10 of SEC Regulation S-X. They do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended August 31, 2020. b) Accounting Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. On an ongoing basis, we evaluate our estimates, judgments, and assumptions, including those related to stock based compensation (expense and liability). Our estimates, judgments, and assumptions are based on historical experience, future expectations, and other factors which we believe to be reasonable. Actual results could differ from those estimates and assumptions. |
MARKETABLE SECURITIES
MARKETABLE SECURITIES | 9 Months Ended |
May 31, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
MARKETABLE SECURITIES [Text Block] | 4. MARKETABLE SECURITIES Marketable securities consist of the Company's investment in units of STEM Inc. As at May 31, 2021, the movement in the Company's marketable securities is as follows: Balance, August 31, 2019 — Additions - cost 21,153 Unrealized gain 3,201 Balance, August 31, 2020 24,354 Additions - cost 17,705 Proceeds from disposals (74,873 ) Gain on disposals 53,488 Unrealized gain (5,470 ) Balance, May 31, 2021 15,204 |
MINERAL PROPERTY
MINERAL PROPERTY | 9 Months Ended |
May 31, 2021 | |
Mineral Industries Disclosures [Abstract] | |
MINERAL PROPERTY [Text Block] | 5. MINERAL PROPERTY During the year ended August 30, 2017 the Company staked lode and placer claims on BLM lands in Esmerelda county Nevada covering approximately 160 Acres subject to adjustment. The Company has a 100% interest in the lands and is only responsible for the yearly maintenance fees to keep its 100% interest. The claims are in good standing until August 31, 2021. On October 28, 2019, the Company signed an LOI with Eagle Plains Resources Ltd. ("Eagle Plains") to earn up to 75% interest in the Pine Channel gold project in Saskatchewan, Canada (the "Pine Channel SK Property"). The terms of the LOI included periodic payments cash payments, exploration expenditures, as well as issuance of common shares of the Company. Upon signing the LOI, the Company issued 1,000,000 of its common shares to Eagle Plains, valued at $11,489. The Company dropped the LOI on Dec 13th, 2019 and has no further related commitments. On February 11, 2020, the Company signed a 1% Royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $200,000. The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party. On October 29, 2020, the Company signed a 1% Royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $250,000. The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party. |
PATENTS
PATENTS | 9 Months Ended |
May 31, 2021 | |
Patents [Abstract] | |
PATENTS [Text Block] | 6. PATENTS On December 14, 2020 the Company signed Definitive Agreement to acquire 100% interest in United States Patent and Trademark Office ("USPTO") patent #6,024,086 On May 25, 2021 the Company announced the filing of its first provisional patent application, Solar Heat Absorber technology. On May 26, 2021 the Company announced the filing of its second provisional patent application, Solar PV Heat Extraction Technology. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
May 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS [Text Block] | 7. RELATED PARTIES TRANSACTION For the nine month period ended May 31, 2021, the Company was party to the following related party transactions: The Company incurred $ Nil During the nine months ended May 31, 2021, the Company repaid $50,925 of amounts outstanding resulting in accounts payable to the President of the Company of $137,909 as at May 31, 2021 (August 31, 2020: $188,834). On December 14, 2020 the Company issued 500,000 stock options valued at $10,926 to the President of the Company (Note 9). The related party transactions are recorded at the exchange amount established and agreed to between the related parties. |
COMMON STOCK
COMMON STOCK | 9 Months Ended |
May 31, 2021 | |
Stockholders' Equity Note [Abstract] | |
COMMON STOCK [Text Block] | 8. COMMON STOCK On October 28, 2019 the Company issued 1,000,000 shares to Eagle Plains Resources Ltd. upon entering LOI (Note 5). On December 14, 2020 the Company issued 1,000,000 common shares and an additional 1,000,000 common shares in escrow in connection with the signed Definitive Agreement (Note 6). On January 14, 2021 the Company closed the final tranche of a private placement of 3,000,000 units at a price of $0.06 per unit for gross proceeds of $180,000. Each unit consists of one common share of the Company and one half (0.5) of a non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of 12 months from the date of issuance at a purchase price of $0.09. During the nine months ended May 31, 2021 the Company also issued 2,920,000 common shares as a result of the exercise of stock options and 40,000 common shares as a result of the exercise of warrants (Note 9). As at May 31, 2021, the Company had 136,431,700 (August 31, 2020: 128,471,700) shares issued and outstanding. |
STOCK OPTIONS AND WARRANTS
STOCK OPTIONS AND WARRANTS | 9 Months Ended |
May 31, 2021 | |
Share-based Payment Arrangement [Abstract] | |
STOCK OPTIONS AND WARRANTS [Text Block] | 9. STOCK OPTIONS AND WARRANTS Stock Options On July 15, 2014, the shareholders approved and adopted at the Annual General Meeting the Company's 2014 Stock Option Plan. On April 14, 2011, the shareholders approved and adopted at the Annual General Meeting to consolidate the Company's 2007 Equity compensation plan and the Company's 2010 Equity Compensation Plan into a new Company 2011 Stock Option Plan. The purpose of these Plans is to advance the interests of the Corporation, through the grant of Options, by providing an incentive mechanism to foster the interest of eligible persons in the success of the Corporation and its affiliates; encouraging eligible persons to remain with the Corporation or its affiliates; and attracting new Directors, Officers, Employees and Consultants. On November 12, 2020, the Company issued 500,000 stock options to one of the consultants of the Company with an exercise price of $0.05 vested immediately, expiring November 12, 2025. On December 14, 2020, the Company issued 2,100,000 stock options to consultants and officers of the Company with an exercise price of $0.05 vested immediately, expiring December 14, 2025. On January 28, 2021, the Company issued 2,000,000 stock options to one of the consultants of the Company with an exercise price of $0.14 vested immediately, expiring January 28, 2026. On February 4, 2021, the Company issued 100,000 stock options to one of the consultants of the Company with an exercise price of $0.18 vested immediately, expiring February 4, 2026. On February 5, 2021, the Company issued 300,000 stock options to three of the consultants of the Company with an exercise price of $0.18 vested immediately, expiring February 5, 2026. On April 27, 2021, the Company issued 100,000 stock options to one of the consultants of the Company with an exercise price of $0.12 vested immediately, expiring April 27, 2026. On May 28, 2021, the Company issued 50,000 stock options to one of the consultants of the Company with an exercise price of $0.12 vested immediately, expiring May 28, 2026. The fair value of the options granted was estimated on the date of the grant using the Black-Scholes options pricing model, with the following weighted average assumptions: Expected dividend yield 0.00% Expected stock volatility 98% Risk-free interest rate 0.41% Expected life of options (years) 5.00 Expected forfeiture rate 0.00% Grant date fair value per option $0.06 During the nine month period ended May 31, 2021, the Company recorded $297,691 (May 31, 2020 - $17,308) as stock based compensation expenses. The Company issued 2,920,000 (May 31, 2020: Nil) common shares of the Company as a result of exercised stock options for gross proceeds of $89,048. A total of 1,100,000 stock options expired without being exercised (May 31, 2020: 1,000,000). A summary of the changes in stock options for the nine months ended May 31, 2021 is presented below: Options Outstanding Weighted Average Number of Shares Exercise Price Balance, August 31, 2019 8,320,000 $ 0.07 Issued 2,000,000 0.02 Expired (1,000,000 ) 0.10 Balance, August 31, 2020 9,320,000 $ 0.06 Issued 5,150,000 0.10 Expired (1,100,000 ) 0.05 Exercised (3,193,224 ) 0.04 Balance, May 31, 2021 10,176,776 $ 0.08 The Company has the following options outstanding and exercisable: May 31, 2021 Issue Date Expiry Date Exercise Price Number of Options Remaining Life September 19, 2016 September 19, 2021 0.07 500,000* 0.30 years January 20, 2017 January 20, 2022 0.07 1,200,000* 0.64 years January 31, 2017 January 31, 2022 0.07 1,250,000* 0.67 years May 2, 2017 May 2, 2022 0.10 500,000 0.92 years October 27, 2017 October 27, 2022 0.05 800,000* 1.41 years May 11, 2018 May 11, 2023 0.06 500,000* 1.95 years May 22, 2018 May 22, 2023 0.07 550,000* 1.98 years February 25, 2020 February 25, 2022 0.02 226,776* 0.74 years December 14, 2020 December 14, 2025 0.05 2,100,000* 4.54 years January 28, 2021 January 28, 2026 0.14 2,000,000 4.67 years February 4, 2021 February 4, 2026 0.18 100,000 4.68 years February 5, 2021 February 5, 2026 0.18 300,000 4.69 years April 27, 2021 April 27, 2026 0.12 100,000 4.91 years May 28, 2021 May 28, 2026 0.12 50,000 4.99 years 0.08 10,176,776 2.66 years *As at May 31, 2021 the market price of the Company's common shares was $0.0965 per share. A total of 7,126,776 incentive stock options were in the money with an intrinsic value of $263,198. August 31, 2020 Issue Date Expiry Date Exercise Price Number of Options Remaining Life October 23, 2015 October 23, 2020 0.05 1,100,000 0.15 years September 19, 2016 September 19, 2021 0.07 800,000 1.05 years January 20, 2017 January 20, 2022 0.07 1,535,000 1.39 years January 31, 2017 January 31, 2022 0.07 1,500,000 1.42 years May 2, 2017 May 2, 2022 0.10 500,000 1.67 years October 27, 2017 October 27, 2022 0.05 800,000 2.16 years May 11, 2018 May 11, 2023 0.06 535,000 2.70 years May 22, 2018 May 22, 2023 0.07 550,000 2.73 years February 25, 2020 February 25, 2022 0.02 2,000,000 1.49 years 0.06 9,320,000 1.48 years Warrants During the period ended May 31, 2021 the Company issued 1,500,000 warrants attached to units in a private placement, see Note 8. A summary of warrants as at May 31, 2021 and August 31, 2020 is as follows: Weighted Average Number of warrants Exercise Price Balance, August 31, 2019 26,141,459 $ 0.06 Expired (12,904,590 ) 0.07 Balance, August 31, 2020 13,236,869 $ 0.06 Issued 1,500,000 0.09 Exercised (40,000 ) 0.04 Balance, May 31, 2021 14,696,869 $ 0.05 The Company has the following warrants outstanding: May 31, 2021 Issue Date Expiry Date Exercise Price Number of Warrants* August 31, 2018 August 31, 2021 0.05 4,800,000 September 21, 2018 September 21, 2021 0.05 2,427,500 March 27, 2019 March 27, 2023 0.04 5,969,369 January 14, 2021 January 14, 2022 0.09 1,500,000 0.05 14,696,869 *Each warrant entitles a holder to purchase one common share. August 31, 2020 Issue Date Expiry Date Exercise Price Number of Warrants* August 31, 2018 August 31, 2021 0.05 4,800,000 September 21, 2018 September 21, 2021 0.05 2,427,500 March 27, 2019 March 27, 2023 0.04 6,009,369 0.05 13,236,869 |
COMMITMENTS
COMMITMENTS | 9 Months Ended |
May 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS [Text Block] | 10. COMMITMENTS The Company has a consulting agreement with the President of the Company for corporate administration and consulting services for $3,500 per month plus goods and services tax ("GST") on a continuing basis. The President voluntarily suspended and terminated accrual of these consulting fees commencing on December 1, 2019 and continuing until such time as the Company's financial condition permits a resumption of such cost. The Company has a rental agreement for a corporate office for $1,100 per month plus GST. The agreement expires December 31, 2021. |
SEGMENTED INFORMATION
SEGMENTED INFORMATION | 9 Months Ended |
May 31, 2021 | |
Segment Reporting [Abstract] | |
SEGMENTED INFORMATION [Text Block] | 11. SEGMENTED INFORMATION As at May 31, 2021 and August 31, 2020, the Company is operating its business in one |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
May 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS [Text Block] | 12. SUBSEQUENT EVENTS During June 2021, the Company issued 2,500,000 common shares as a result of the exercise of 2,500,000 warrants exercised at $0.05 per common share. In addition, the Company issued 100,000 common shares as a result of the exercise of options exercised at $0.07 per common share. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
May 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation [Policy Text Block] | a) Basis of Presentation The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and the instructions to Securities and Exchange Commission ("SEC") Form 10-Q and Article 10 of SEC Regulation S-X. They do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended August 31, 2020. |
Accounting Estimates [Policy Text Block] | b) Accounting Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. On an ongoing basis, we evaluate our estimates, judgments, and assumptions, including those related to stock based compensation (expense and liability). Our estimates, judgments, and assumptions are based on historical experience, future expectations, and other factors which we believe to be reasonable. Actual results could differ from those estimates and assumptions. |
MARKETABLE SECURITIES (Tables)
MARKETABLE SECURITIES (Tables) | 9 Months Ended |
May 31, 2021 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of movement in marketable securities [Table Text Block] | Balance, August 31, 2019 — Additions - cost 21,153 Unrealized gain 3,201 Balance, August 31, 2020 24,354 Additions - cost 17,705 Proceeds from disposals (74,873 ) Gain on disposals 53,488 Unrealized gain (5,470 ) Balance, May 31, 2021 15,204 |
STOCK OPTIONS AND WARRANTS (Tab
STOCK OPTIONS AND WARRANTS (Tables) | 9 Months Ended |
May 31, 2021 | |
Share-based Payment Arrangement [Abstract] | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Expected dividend yield 0.00% Expected stock volatility 98% Risk-free interest rate 0.41% Expected life of options (years) 5.00 Expected forfeiture rate 0.00% Grant date fair value per option $0.06 |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Options Outstanding Weighted Average Number of Shares Exercise Price Balance, August 31, 2019 8,320,000 $ 0.07 Issued 2,000,000 0.02 Expired (1,000,000 ) 0.10 Balance, August 31, 2020 9,320,000 $ 0.06 Issued 5,150,000 0.10 Expired (1,100,000 ) 0.05 Exercised (3,193,224 ) 0.04 Balance, May 31, 2021 10,176,776 $ 0.08 |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | May 31, 2021 Issue Date Expiry Date Exercise Price Number of Options Remaining Life September 19, 2016 September 19, 2021 0.07 500,000* 0.30 years January 20, 2017 January 20, 2022 0.07 1,200,000* 0.64 years January 31, 2017 January 31, 2022 0.07 1,250,000* 0.67 years May 2, 2017 May 2, 2022 0.10 500,000 0.92 years October 27, 2017 October 27, 2022 0.05 800,000* 1.41 years May 11, 2018 May 11, 2023 0.06 500,000* 1.95 years May 22, 2018 May 22, 2023 0.07 550,000* 1.98 years February 25, 2020 February 25, 2022 0.02 226,776* 0.74 years December 14, 2020 December 14, 2025 0.05 2,100,000* 4.54 years January 28, 2021 January 28, 2026 0.14 2,000,000 4.67 years February 4, 2021 February 4, 2026 0.18 100,000 4.68 years February 5, 2021 February 5, 2026 0.18 300,000 4.69 years April 27, 2021 April 27, 2026 0.12 100,000 4.91 years May 28, 2021 May 28, 2026 0.12 50,000 4.99 years 0.08 10,176,776 2.66 years *As at May 31, 2021 the market price of the Company's common shares was $0.0965 per share. A total of 7,126,776 incentive stock options were in the money with an intrinsic value of $263,198. August 31, 2020 Issue Date Expiry Date Exercise Price Number of Options Remaining Life October 23, 2015 October 23, 2020 0.05 1,100,000 0.15 years September 19, 2016 September 19, 2021 0.07 800,000 1.05 years January 20, 2017 January 20, 2022 0.07 1,535,000 1.39 years January 31, 2017 January 31, 2022 0.07 1,500,000 1.42 years May 2, 2017 May 2, 2022 0.10 500,000 1.67 years October 27, 2017 October 27, 2022 0.05 800,000 2.16 years May 11, 2018 May 11, 2023 0.06 535,000 2.70 years May 22, 2018 May 22, 2023 0.07 550,000 2.73 years February 25, 2020 February 25, 2022 0.02 2,000,000 1.49 years 0.06 9,320,000 1.48 years |
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block] | Weighted Average Number of warrants Exercise Price Balance, August 31, 2019 26,141,459 $ 0.06 Expired (12,904,590 ) 0.07 Balance, August 31, 2020 13,236,869 $ 0.06 Issued 1,500,000 0.09 Exercised (40,000 ) 0.04 Balance, May 31, 2021 14,696,869 $ 0.05 |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | The Company has the following warrants outstanding: May 31, 2021 Issue Date Expiry Date Exercise Price Number of Warrants* August 31, 2018 August 31, 2021 0.05 4,800,000 September 21, 2018 September 21, 2021 0.05 2,427,500 March 27, 2019 March 27, 2023 0.04 5,969,369 January 14, 2021 January 14, 2022 0.09 1,500,000 0.05 14,696,869 *Each warrant entitles a holder to purchase one common share. August 31, 2020 Issue Date Expiry Date Exercise Price Number of Warrants* August 31, 2018 August 31, 2021 0.05 4,800,000 September 21, 2018 September 21, 2021 0.05 2,427,500 March 27, 2019 March 27, 2023 0.04 6,009,369 0.05 13,236,869 |
GOING CONCERN UNCERTAINTY (Narr
GOING CONCERN UNCERTAINTY (Narrative) (Details) - USD ($) | 9 Months Ended | ||
May 31, 2021 | May 31, 2020 | Aug. 31, 2020 | |
Going Concern Uncertainty [Abstract] | |||
Net cash (used in) operating activities | $ (298,188) | $ (101,007) | |
Cumulative losses | $ (14,443,715) | $ (14,280,027) |
MARKETABLE SECURITIES - Schedul
MARKETABLE SECURITIES - Schedule of movement in marketable securities (Details) - USD ($) | 3 Months Ended | 9 Months Ended | 12 Months Ended |
May 31, 2021 | May 31, 2021 | Aug. 31, 2020 | |
Investments, Debt and Equity Securities [Abstract] | |||
Beginning Balance | $ 24,354 | $ 0 | |
Additions - cost | 17,705 | 21,153 | |
Proceeds from disposals | (74,873) | ||
Gain on disposals | $ 30,984 | 53,488 | |
Unrealized gain | (33,717) | (5,470) | 3,201 |
Ending Balance | $ 15,204 | $ 15,204 | $ 24,354 |
MINERAL PROPERTY (Narrative) (D
MINERAL PROPERTY (Narrative) (Details) - USD ($) | Feb. 11, 2020 | Oct. 29, 2020 | Oct. 28, 2019 | Nov. 30, 2019 | May 31, 2021 |
Mineral Industries [Line Items] | |||||
Percentage of Land Rights Interest | 100.00% | ||||
Value of shares issued for LOI | $ 11,489 | ||||
Eagle Plains Resources Ltd [Member] | |||||
Mineral Industries [Line Items] | |||||
Percentage of letter of intent | 75.00% | ||||
Number of shares issued | 1,000,000 | ||||
Value of shares issued for LOI | $ 11,489 | ||||
Clayton Valley [Member] | |||||
Mineral Industries [Line Items] | |||||
Percentage of royalty agreement | 1.00% | 1.00% | |||
Total cash consideration | $ 200,000 | $ 250,000 |
PATENTS (Narrative) (Details)
PATENTS (Narrative) (Details) | Dec. 14, 2020USD ($)shares | Feb. 28, 2021USD ($) | Dec. 14, 2020$ / shares |
Patent And Trademark [Line Items] | |||
Shares issued for patent | $ | $ 69,000 | ||
Patents [Member] | |||
Patent And Trademark [Line Items] | |||
Percentage of interest in patent rights acquired | 100.00% | ||
Shares issued for patent (Shares) | shares | 1,000,000 | ||
Number of additional common shares issued in escrow | shares | 1,000,000 | ||
Shares issued, price per share | $ / shares | $ 0.0345 | ||
Shares issued for patent | $ | $ 69,000 |
RELATED PARTY TRANSACTIONS (Nar
RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($) | Feb. 05, 2021 | Feb. 04, 2021 | Dec. 14, 2020 | Nov. 12, 2020 | May 28, 2021 | Apr. 27, 2021 | Jan. 28, 2021 | May 31, 2021 | Feb. 28, 2021 | Nov. 30, 2020 | Feb. 29, 2020 | May 31, 2021 | May 31, 2020 | Aug. 31, 2020 |
Related Party Transaction [Line Items] | ||||||||||||||
Repayment of loan from related party | $ 15,968 | |||||||||||||
Due to the President | $ 137,909 | $ 137,909 | $ 188,834 | |||||||||||
Stock options granted (shares) | 300,000 | 100,000 | 2,100,000 | 500,000 | 50,000 | 100,000 | 2,000,000 | 5,150,000 | 2,000,000 | |||||
Value of stock options granted | 9,005 | $ 273,236 | $ 15,450 | $ 17,308 | ||||||||||
President [Member] | ||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||
Consulting fees | $ 10,500 | |||||||||||||
Repayment of loan from related party | 50,925 | |||||||||||||
Due to the President | $ 137,909 | $ 137,909 | $ 188,834 | |||||||||||
Stock options granted (shares) | 500,000 | |||||||||||||
Value of stock options granted | $ 10,926 |
COMMON STOCK (Narrative) (Detai
COMMON STOCK (Narrative) (Details) | Jan. 14, 2021$ / shares | Jan. 14, 2021USD ($)shares | Dec. 14, 2020shares | Oct. 28, 2019shares | May 31, 2021shares | May 31, 2021shares | Aug. 31, 2020shares |
Stockholders Equity Note [Line Items] | |||||||
Number of units issued in final tranche of private placement | 3,000,000 | ||||||
Units issue price at date of issuance | $ / shares | $ 0.06 | ||||||
Gross proceeds from issuance of units in final tranche of private placement | $ | $ 180,000 | ||||||
Description of units issuance in private placement | Each unit consists of one common share of the Company and one half (0.5) of a non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of 12 months from the date of issuance at a purchase price of $0.09. | ||||||
Number of common shares issued in exercise of options | 2,920,000 | 2,920,000 | |||||
Number of common shares issued in exercise of warrants | 40,000 | ||||||
Common Stock, Shares, Issued | 136,431,700 | 136,431,700 | 128,471,700 | ||||
Common Stock, Shares, Outstanding | 136,431,700 | 136,431,700 | 128,471,700 | ||||
Eagle Plains Resources Ltd [Member] | |||||||
Stockholders Equity Note [Line Items] | |||||||
Number of shares issued | 1,000,000 | ||||||
Definitive agreement [Member] | |||||||
Stockholders Equity Note [Line Items] | |||||||
Number of shares issued | 1,000,000 | ||||||
Additional common shares in escrow | 1,000,000 |
STOCK OPTIONS AND WARRANTS (Nar
STOCK OPTIONS AND WARRANTS (Narrative) (Details) | Feb. 05, 2021$ / sharesshares | Feb. 04, 2021$ / sharesshares | Dec. 14, 2020$ / sharesshares | Nov. 12, 2020$ / sharesshares | May 28, 2021$ / sharesshares | Apr. 27, 2021$ / sharesshares | Jan. 28, 2021$ / sharesshares | May 31, 2021USD ($)shares | May 31, 2021USD ($)$ / sharesshares | May 31, 2020USD ($)shares | Aug. 31, 2020$ / sharesshares | May 31, 2021$ / shares | May 31, 2021USD ($)shares |
Share-based Payment Arrangement [Abstract] | |||||||||||||
Stock options granted (shares) | 300,000 | 100,000 | 2,100,000 | 500,000 | 50,000 | 100,000 | 2,000,000 | 5,150,000 | 2,000,000 | ||||
Stock options granted exercise price | $ / shares | $ 0.18 | $ 0.18 | $ 0.05 | $ 0.05 | $ 0.12 | $ 0.12 | $ 0.14 | $ 0.10 | $ 0.02 | ||||
Stock based compensation | $ | $ 9,005 | $ 297,691 | $ 17,308 | ||||||||||
Stock options exercised (shares) | 2,920,000 | 2,920,000 | |||||||||||
Proceeds from stock option exercised | $ | $ 89,048 | ||||||||||||
Stock options expired | 1,100,000 | 1,000,000 | 1,000,000 | ||||||||||
Market price of common shares | $ / shares | $ 0.0965 | ||||||||||||
Number of incentive stock options in the money | 7,126,776 | ||||||||||||
Intrinsic value of stock options | $ | $ 263,198 | ||||||||||||
Number of warrants issued | 1,500,000 |
STOCK OPTIONS AND WARRANTS - Sc
STOCK OPTIONS AND WARRANTS - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) | 9 Months Ended |
May 31, 2021$ / shares | |
Share-based Payment Arrangement [Abstract] | |
Expected dividend yield | 0.00% |
Expected stock volatility | 98.00% |
Risk-free interest rate | 0.41% |
Expected life of options (years) | 5 years |
Expected forfeiture rate | 0.00% |
Grant date fair value per option | $ 0.06 |
STOCK OPTIONS AND WARRANTS - _2
STOCK OPTIONS AND WARRANTS - Schedule of Share-based Compensation, Stock Options, Activity (Details) - $ / shares | Feb. 05, 2021 | Feb. 04, 2021 | Dec. 14, 2020 | Nov. 12, 2020 | May 28, 2021 | Apr. 27, 2021 | Jan. 28, 2021 | May 31, 2021 | May 31, 2020 | Aug. 31, 2020 |
Share-based Payment Arrangement [Abstract] | ||||||||||
Number of options, beginning of period | 9,320,000 | 8,320,000 | 8,320,000 | |||||||
Options outstanding, weighted average exercise price, beginning of period | $ 0.06 | $ 0.07 | $ 0.07 | |||||||
Number of options, issued | 300,000 | 100,000 | 2,100,000 | 500,000 | 50,000 | 100,000 | 2,000,000 | 5,150,000 | 2,000,000 | |
Weighted average exercise price of options issued | $ 0.18 | $ 0.18 | $ 0.05 | $ 0.05 | $ 0.12 | $ 0.12 | $ 0.14 | $ 0.10 | $ 0.02 | |
Number of options, expired | (1,100,000) | (1,000,000) | (1,000,000) | |||||||
Weighted average exercise price of options expired | $ 0.05 | $ 0.10 | ||||||||
Number of options, exercised | (3,193,224) | |||||||||
Weighted average exercise price of options exercised | $ 0.04 | |||||||||
Number of options, end of period | 10,176,776 | 9,320,000 | ||||||||
Options outstanding, weighted average exercise price, end of period | $ 0.08 | $ 0.06 |
STOCK OPTIONS AND WARRANTS - Di
STOCK OPTIONS AND WARRANTS - Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details) - $ / shares | 9 Months Ended | 12 Months Ended | |
May 31, 2021 | Aug. 31, 2020 | Aug. 31, 2019 | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Exercise prices | $ 0.08 | $ 0.06 | $ 0.07 |
Options outstanding and exercisable Number of shares | 10,176,776 | 9,320,000 | 8,320,000 |
Options outstanding and exercisable Remaining contractual life | 2 years 7 months 28 days | 1 year 5 months 23 days | |
October 23, 2015 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Oct. 23, 2015 | ||
Expiry Date | Oct. 23, 2020 | ||
Exercise prices | $ 0.05 | ||
Options outstanding and exercisable Number of shares | 1,100,000 | ||
Options outstanding and exercisable Remaining contractual life | 1 month 24 days | ||
September 19, 2016 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Sep. 19, 2016 | Sep. 19, 2016 | |
Expiry Date | Sep. 19, 2021 | Sep. 19, 2021 | |
Exercise prices | $ 0.07 | $ 0.07 | |
Options outstanding and exercisable Number of shares | 500,000 | 800,000 | |
Options outstanding and exercisable Remaining contractual life | 3 months 18 days | 1 year 18 days | |
January 20, 2017 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Jan. 20, 2017 | Jan. 20, 2017 | |
Expiry Date | Jan. 20, 2022 | Jan. 20, 2022 | |
Exercise prices | $ 0.07 | $ 0.07 | |
Options outstanding and exercisable Number of shares | 1,200,000 | 1,535,000 | |
Options outstanding and exercisable Remaining contractual life | 7 months 20 days | 1 year 4 months 20 days | |
January 31, 2017 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Jan. 31, 2017 | Jan. 31, 2017 | |
Expiry Date | Jan. 31, 2022 | Jan. 31, 2022 | |
Exercise prices | $ 0.07 | $ 0.07 | |
Options outstanding and exercisable Number of shares | 1,250,000 | 1,500,000 | |
Options outstanding and exercisable Remaining contractual life | 8 months 1 day | 1 year 5 months 1 day | |
May 2, 2017 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | May 2, 2017 | May 2, 2017 | |
Expiry Date | May 2, 2022 | May 2, 2022 | |
Exercise prices | $ 0.10 | $ 0.10 | |
Options outstanding and exercisable Number of shares | 500,000 | 500,000 | |
Options outstanding and exercisable Remaining contractual life | 11 months 1 day | 1 year 8 months 1 day | |
October 27, 2017 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Oct. 27, 2017 | Oct. 27, 2017 | |
Expiry Date | Oct. 27, 2022 | Oct. 27, 2022 | |
Exercise prices | $ 0.05 | $ 0.05 | |
Options outstanding and exercisable Number of shares | 800,000 | 800,000 | |
Options outstanding and exercisable Remaining contractual life | 1 year 4 months 28 days | 2 years 1 month 28 days | |
May 11, 2018 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | May 11, 2018 | May 11, 2018 | |
Expiry Date | May 11, 2023 | May 11, 2023 | |
Exercise prices | $ 0.06 | $ 0.06 | |
Options outstanding and exercisable Number of shares | 500,000 | 535,000 | |
Options outstanding and exercisable Remaining contractual life | 1 year 11 months 12 days | 2 years 8 months 12 days | |
May 22, 2018 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | May 22, 2018 | May 22, 2018 | |
Expiry Date | May 22, 2023 | May 22, 2023 | |
Exercise prices | $ 0.07 | $ 0.07 | |
Options outstanding and exercisable Number of shares | 550,000 | 550,000 | |
Options outstanding and exercisable Remaining contractual life | 1 year 11 months 23 days | 2 years 8 months 23 days | |
February 25, 2020 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Feb. 25, 2020 | Feb. 25, 2020 | |
Expiry Date | Feb. 25, 2022 | Feb. 25, 2022 | |
Exercise prices | $ 0.02 | $ 0.02 | |
Options outstanding and exercisable Number of shares | 226,776 | 2,000,000 | |
Options outstanding and exercisable Remaining contractual life | 8 months 26 days | 1 year 5 months 26 days | |
December 14, 2020 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Dec. 14, 2020 | ||
Expiry Date | Dec. 14, 2025 | ||
Exercise prices | $ 0.05 | ||
Options outstanding and exercisable Number of shares | 2,100,000 | ||
Options outstanding and exercisable Remaining contractual life | 4 years 6 months 14 days | ||
January 28, 2021 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Jan. 28, 2021 | ||
Expiry Date | Jan. 28, 2026 | ||
Exercise prices | $ 0.14 | ||
Options outstanding and exercisable Number of shares | 2,000,000 | ||
Options outstanding and exercisable Remaining contractual life | 4 years 8 months 1 day | ||
February 4, 2021 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Feb. 4, 2021 | ||
Expiry Date | Feb. 4, 2026 | ||
Exercise prices | $ 0.18 | ||
Options outstanding and exercisable Number of shares | 100,000 | ||
Options outstanding and exercisable Remaining contractual life | 4 years 8 months 4 days | ||
February 5, 2021 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Feb. 5, 2021 | ||
Expiry Date | Feb. 5, 2026 | ||
Exercise prices | $ 0.18 | ||
Options outstanding and exercisable Number of shares | 300,000 | ||
Options outstanding and exercisable Remaining contractual life | 4 years 8 months 8 days | ||
April 27, 2021 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Apr. 27, 2021 | ||
Expiry Date | Apr. 27, 2026 | ||
Exercise prices | $ 0.12 | ||
Options outstanding and exercisable Number of shares | 100,000 | ||
Options outstanding and exercisable Remaining contractual life | 4 years 10 months 28 days | ||
May 28, 2021 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | May 28, 2021 | ||
Expiry Date | May 28, 2026 | ||
Exercise prices | $ 0.12 | ||
Options outstanding and exercisable Number of shares | 50,000 | ||
Options outstanding and exercisable Remaining contractual life | 4 years 11 months 26 days |
STOCK OPTIONS AND WARRANTS - _3
STOCK OPTIONS AND WARRANTS - Schedule of Stockholders' Equity Note, Warrants or Rights, Activity (Details) - $ / shares | 9 Months Ended | 12 Months Ended |
May 31, 2021 | Aug. 31, 2020 | |
Share-based Payment Arrangement [Abstract] | ||
Class of Warrant or Right, Outstanding, Beginning of Period | 13,236,869 | 26,141,459 |
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price, Beginning of Period | $ 0.06 | $ 0.06 |
Class of Warrant or Right, Expirations in Period | (12,904,590) | |
Class of Warrant or Right, Expirations in Period, Weighted Average Exercise Price | $ 0.07 | |
Class of Warrant or Right, Grants in Period, Net of Forfeitures | 1,500,000 | |
Class of Warrant or Right, Grants in Period, Weighted Average Exercise Price | $ 0.09 | |
Class of Warrant or Right, Exercises in Period | (40,000) | |
Class of Warrant or Right, Exercises in Period, Weighted Average Exercise Price | $ 0.04 | |
Class of Warrant or Right, Outstanding, End of Period | 14,696,869 | 13,236,869 |
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price, End of Period | $ 0.05 | $ 0.06 |
STOCK OPTIONS AND WARRANTS - _4
STOCK OPTIONS AND WARRANTS - Schedule of Stockholders' Equity Note, Warrants or Rights (Details) - $ / shares | 9 Months Ended | 12 Months Ended | |
May 31, 2021 | Aug. 31, 2020 | Aug. 31, 2019 | |
Class of Warrant or Right [Line Items] | |||
Exercise Price | $ 0.05 | $ 0.05 | |
Number of Warrants | 14,696,869 | 13,236,869 | 26,141,459 |
August 31, 2018 [Member] | |||
Class of Warrant or Right [Line Items] | |||
Issue Date | Aug. 31, 2018 | Aug. 31, 2018 | |
Expiry Date | Aug. 31, 2021 | Aug. 31, 2021 | |
Exercise Price | $ 0.05 | $ 0.05 | |
Number of Warrants | 4,800,000 | 4,800,000 | |
September 21, 2018 [Member] | |||
Class of Warrant or Right [Line Items] | |||
Issue Date | Sep. 21, 2018 | Sep. 21, 2018 | |
Expiry Date | Sep. 21, 2021 | Sep. 21, 2021 | |
Exercise Price | $ 0.05 | $ 0.05 | |
Number of Warrants | 2,427,500 | 2,427,500 | |
March 27, 2019 [Member] | |||
Class of Warrant or Right [Line Items] | |||
Issue Date | Mar. 27, 2019 | Mar. 27, 2019 | |
Expiry Date | Mar. 27, 2023 | Mar. 27, 2023 | |
Exercise Price | $ 0.04 | $ 0.04 | |
Number of Warrants | 5,969,369 | 6,009,369 | |
January 14, 2021 [Member] | |||
Class of Warrant or Right [Line Items] | |||
Issue Date | Jan. 14, 2021 | ||
Expiry Date | Jan. 14, 2022 | ||
Exercise Price | $ 0.09 | ||
Number of Warrants | 1,500,000 |
COMMITMENTS (Narrative) (Detail
COMMITMENTS (Narrative) (Details) | 9 Months Ended |
May 31, 2021USD ($) | |
Commitments and Contingencies Disclosure [Abstract] | |
Corporate administration and consulting services per month plus goods and services tax | $ 3,500 |
Monthly office rent | $ 1,100 |
SEGMENTED INFORMATION (Narrativ
SEGMENTED INFORMATION (Narrative) (Details) - Segment | 9 Months Ended | 12 Months Ended |
May 31, 2021 | Aug. 31, 2020 | |
Segment Reporting [Abstract] | ||
Number of reportable segments | 1 | 1 |
SUBSEQUENT EVENTS (Narrative) (
SUBSEQUENT EVENTS (Narrative) (Details) | 1 Months Ended | 3 Months Ended | 9 Months Ended | |
Jun. 30, 2021$ / sharesshares | May 31, 2021$ / sharesshares | May 31, 2021$ / sharesshares | Aug. 31, 2020$ / shares | |
Subsequent Event [Line Items] | ||||
Stock options exercised (shares) | shares | 2,920,000 | 2,920,000 | ||
Exercise price of stock options exercised | $ 0.04 | |||
Warrant exercise price | $ 0.05 | $ 0.05 | $ 0.05 | |
Subsequent Event [Member] | ||||
Subsequent Event [Line Items] | ||||
Stock options exercised (shares) | shares | 2,500,000 | |||
Exercise price of stock options exercised | $ 0.05 | |||
Number of warrants exercised | shares | 100,000 | |||
Warrant exercise price | $ 0.07 |