Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | ||
Aug. 31, 2023 | Nov. 29, 2023 | Feb. 28, 2023 | |
Cover [Abstract] | |||
Entity Registrant Name | ENERTOPIA CORP. | ||
Entity Central Index Key | 0001346022 | ||
Document Period End Date | Aug. 31, 2023 | ||
Current Fiscal Year End Date | --08-31 | ||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity File Number | 000-51866 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2023 | ||
Entity Incorporation, State or Country Code | NV | ||
Entity Tax Identification Number | 20-1970188 | ||
Entity Address, Address Line One | #18 1873 SPALL RD. | ||
Entity Address, City or Town | KELOWNA | ||
Entity Address, State or Province | BC | ||
Entity Address, Country | CA | ||
Entity Address, Postal Zip Code | V1Y 4R2 | ||
City Area Code | 250 | ||
Local Phone Number | 870-2219 | ||
Entity Public Float | $ 7,528,155 | ||
Entity Well Known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Common Stock, Shares Outstanding | 155,166,088 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Small Business | true | ||
Entity Interactive Data Current | Yes | ||
Entity Emerging Growth Company | false | ||
Document Financial Statement Error Correction [Flag] | false | ||
Entity Shell Company | false | ||
Auditor Name | DAVIDSON & COMPANY LLP | ||
Auditor Location | Vancouver, Canada | ||
Auditor Firm ID | 731 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Aug. 31, 2023 | Aug. 31, 2022 |
Current | ||
Cash and cash equivalents | $ 259,581 | $ 615,207 |
Marketable securities | 989,307 | 2,443,750 |
Accounts receivable | 9,482 | 4,877 |
Prepaid expenses and deposit | 89,338 | 139,307 |
Total Current Assets | 1,347,708 | 3,203,141 |
Non-current assets, net | ||
Mineral property | 10,500 | 10,500 |
TOTAL ASSETS | 1,358,208 | 3,213,641 |
Current | ||
Accounts payable and accrued liabilities | 315,404 | 293,446 |
Due to related party | 17,196 | 64,409 |
Total Liabilities | 332,600 | 357,855 |
STOCKHOLDERS' EQUITY | ||
Share Capital Authorized: 500,000,000 common voting shares with a par value of $0.001 per share Issued and outstanding: 155,166,088 common shares at August 31, 2023 and 155,116,088 at August 31, 2022 | 155,167 | 155,117 |
Additional paid-in capital | 15,397,607 | 15,395,657 |
Deficit | (14,526,485) | (12,694,988) |
Equity attributable to shareholders of the Company | 1,026,289 | 2,855,786 |
Non-controlling interest | (681) | 0 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 1,358,208 | $ 3,213,641 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Aug. 31, 2023 | Aug. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Common stock, shares authorized | 500,000,000 | 200,000,000 |
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares issued | 155,166,088 | 155,116,088 |
Common stock, shares outstanding | 155,166,088 | 155,116,088 |
CONSOLIDATED STATEMENTS OF STOC
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIENCY) - USD ($) | COMMON STOCK [Member] | ADDITIONAL PAID-IN CAPITAL [Member] | ACCUMULATED DEFICIT [Member] | NON-CONTROLLING INTEREST [Member] | Total |
Balance, Beginning (shares) at Aug. 31, 2021 | 139,211,700 | ||||
Balance, Beginning at Aug. 31, 2021 | $ 139,213 | $ 14,524,341 | $ (14,669,395) | $ 0 | $ (5,841) |
Warrants exercised (shares) | 2,791,000 | 2,791,000 | |||
Warrants exercised | $ 2,791 | 128,599 | $ 131,390 | ||
Stock options granted | 163,130 | 163,130 | |||
Shares issued for hydrogen technology (shares) | 2,000,000 | ||||
Shares issued for hydrogen technology | $ 2,000 | 98,400 | 100,400 | ||
Shares issued for investment in battery management technology (shares) | 10,000,000 | ||||
Shares issued for investment in battery management technology | $ 10,000 | 440,000 | 450,000 | ||
Shares issued for services (shares) | 1,000,000 | ||||
Shares issued for services | $ 1,000 | 41,300 | $ 42,300 | ||
Stock options exercised (shares) | 113,388 | 113,388 | |||
Stock options exercised | $ 113 | (113) | $ 0 | ||
Non controlling interest | 0 | ||||
Comprehensive income / loss | 1,974,407 | 1,974,407 | |||
Balance, ending (shares) at Aug. 31, 2022 | 155,116,088 | ||||
Balance, ending at Aug. 31, 2022 | $ 155,117 | 15,395,657 | (12,694,988) | 0 | 2,855,786 |
Warrants issued for cash (shares) | 50,000 | ||||
Warrants issued for cash | $ 50 | 1,950 | 2,000 | ||
Non controlling interest | (681) | (681) | |||
Comprehensive income / loss | (1,831,497) | (1,831,497) | |||
Balance, ending (shares) at Aug. 31, 2023 | 155,166,088 | ||||
Balance, ending at Aug. 31, 2023 | $ 155,167 | $ 15,397,607 | $ (14,526,485) | $ (681) | $ 1,025,608 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Expenses | ||
Accounting and audit | $ 60,057 | $ 43,770 |
Consulting | 181,258 | 262,880 |
Fees and dues | 89,733 | 57,332 |
Investor relations | 63,293 | 47,917 |
Legal and professional | 98,229 | 67,257 |
Office and miscellaneous | 110,789 | 65,931 |
Mineral exploration costs | 464,665 | 212,348 |
Research and development | 156,561 | 808,800 |
Total expenses | 1,224,585 | 1,566,235 |
Loss for the period before other items | (1,224,585) | (1,566,235) |
Other income (expense) | ||
Foreign exchange gain (loss) | (7,749) | 1,822 |
Realized loss on marketable securities | (564,346) | (7,641) |
Realized foreign exchange loss on marketable securities | (41,735) | 0 |
Unrealized gain (loss) on marketable securities | 136,681 | (923,533) |
Unrealized foreign exchange loss on marketable securities | (130,444) | (62,388) |
Gain from mineral property sale | 0 | 4,532,382 |
Net income (loss) and comprehensive income (loss) for the year | (1,832,178) | 1,974,407 |
Net income (loss) and comprehensive income (loss) attributable to: | ||
Common shareholders | (1,831,497) | 1,974,407 |
Non controlling interest | $ (681) | $ 0 |
Basic and diluted income (loss) per share | ||
Basic | $ (0.01) | $ 0.01 |
Diluted | $ (0.01) | $ 0.01 |
Weighted average number of common shares outstanding | ||
Basic | 155,142,937 | 150,994,325 |
Diluted | 164,242,937 | 151,955,536 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Cash flows used in operating activities | ||
Net Income (Loss) | $ (1,832,178) | $ 1,974,407 |
Changes to reconcile net loss to net cash used in operating activities | ||
Shares issued for consulting | 0 | 42,300 |
Shares issued for battery management system | 0 | 450,000 |
Shares issued for hydrogen technology | 0 | 100,400 |
Stock based compensation | 0 | 163,130 |
Income from mineral property sale | 0 | (4,532,382) |
Unrealized (gain) loss on marketable securities | (136,681) | 985,921 |
Unrealized foreign exchange loss on marketable securities | 130,444 | 0 |
Loss on disposal of marketable securities | 564,346 | 7,641 |
Foreign exchange loss on disposal of marketable securities | 41,735 | 0 |
Change in non-cash working capital items: | ||
Accounts receivable | (4,605) | (325) |
Prepaid expenses and deposits | 49,969 | (98,044) |
Accounts payable and accrued liabilities | 21,958 | (15,831) |
Due to related parties | (47,213) | (47,250) |
Net cash used in operating activities | (1,212,225) | (970,033) |
Cash flows from investing activities | ||
Proceeds from sale of marketable securities | 854,599 | 10,064 |
Proceeds from sale of royalty grant | 0 | 1,100,000 |
Staking of mineral property | 0 | (10,500) |
Net cash used in investing activities | 854,599 | 1,099,564 |
Net cash from financing Activities | ||
Net proceeds from warrants exercised | 2,000 | 131,390 |
Net cash from financing activities | 2,000 | 131,390 |
Decrease in cash and cash equivalents | (355,626) | 260,921 |
Cash and cash equivalents at beginning of the year | 615,207 | 354,286 |
Cash and cash equivalents at end of the year | 259,581 | 615,207 |
Supplemental information of cash flows: | ||
Cash paid for interest | 0 | 0 |
Cash paid for taxes | $ 0 | $ 0 |
ORGANIZATION
ORGANIZATION | 12 Months Ended |
Aug. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION [Text Block] | 1. 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 is an independent natural resource company engaged in the exploration, development, and acquisition of natural resources in the United States. The Company is exploring the West Tonopah Lithium Project ("West Tonopah") in the Big Smokey Valley, Nevada. The Company is also developing various renewable energy technologies. The Company's office is located in Kelowna, B.C., Canada. |
GOING CONCERN UNCERTAINTY
GOING CONCERN UNCERTAINTY | 12 Months Ended |
Aug. 31, 2023 | |
Going Concern Uncertainty [Abstract] | |
GOING CONCERN UNCERTAINTY [Text Block] | 2. The accompanying consolidated 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 had a working capital of $1,015,108 as at August 31, 2023 (2022 - $2,845,286). As at August 31, 2023 the Company has incurred cumulative losses of $14,526,485 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 consolidated 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 consolidated financial statements. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Aug. 31, 2023 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES [Text Block] | 3. SIGNIFICANT ACCOUNTING POLICIES a. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles. b. Basis of Consolidation The financial statements have been prepared on a consolidated basis with those of the Company's 51% owned subsidiary, CapNTrack Inc. All intercompany transactions and balances have been eliminated. c. Cash and Cash Equivalents Cash and cash equivalents include cash in bank accounts and money market funds with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. As of August 31, 2023 and 2022, cash and cash equivalents consisted of the following: August 31, August 31, 2023 2022 Cash $ 218,081 $ 615,207 Money market funds 41,500 - $ 259,581 $ 615,207 d. Mineral Properties Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves are established for that project. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral properties. Expenditures relating to exploration activities are expensed as incurred and expenditures relating to pre-extraction activities are expensed as incurred until such time proven or probable reserves are established for that project, after which subsequent expenditures relating to development activities for that particular project are capitalized as incurred. Where proven and probable reserves have been established, the project's capitalized expenditures are depleted over proven and probable reserves using the units-of production method upon commencement of production. Where proven and probable reserves have not been established, the project's capitalized expenditures are depleted over the estimated extraction life using the straight-line method upon commencement of extraction. The Company has not established proven or probable reserves for any of its projects. The carrying values of the mineral rights are assessed for impairment by management on a quarterly basis and as required whenever indicators of impairment exist. An impairment loss is recognized if it is determined that the carrying value is not recoverable and exceeds fair value. e. Stock-Based Compensation The Company followed Accounting Standards Codification ("ASC") 718, "Compensation - Stock Compensation", to account for its stock options and similar equity instruments issued. Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid. f. Accounting Estimates The preparation of consolidated financial statements in conformity with U.S GAAP requires us to make certain estimates, judgements and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Some of the Company's accounting policies require us to make subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. These accounting policies involve critical accounting estimates because they are particularly dependent on estimates and assumptions made by management about matters that are highly uncertain at the time the accounting estimates are made. Although we have used our best estimates based on facts and circumstances available to us at the time, different estimates reasonably could have been used. Changes in the accounting estimates used by the Company are reasonably likely to occur from time to time, which may have a material effect on the presentation of financial condition and results of operations. The Company reviews these estimates, judgments and assumptions periodically and reflect the effects of revisions in the period in which they are deemed to be necessary. We believe that these estimates are reasonable; however, actual results could differ from these estimates. Significant accounting estimates and assumptions are used for, but not limited to: a) The Valuation of Deferred Tax Assets Judgement is required in determining whether deferred tax assets are recognized on the balance sheet. The recognition of deferred tax assets requires management to assess the likelihood that the Company will generate taxable income in future periods to utilize the deferred tax assets. Due to the Company's history of losses, deferred tax assets have not been recognized by the Company. b) Value of Stock Options The Company provides compensation benefits to its employees, directors, officers, and consultants, through a stock option plan. The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing model. Expected volatility assumption used in the model is based on the historical volatility of the Company's share price. The Company uses historical data to estimate the period of option exercises for use in the valuation model. The risk-free interest rate for the expected term of the option is based on the yields of government bonds. Changes in these assumptions, especially the share price volatility and the expected life determination could have a material impact on the Company's profit and loss for the periods presented. All estimates used in the model are based on historical data which may not be representative of future results. c) Fair value of shares issued in non cash transactions The Company at times grants common shares in lieu of cash to certain vendors for their services to the Company. The Company recognizes the associated cost in the same period and manner as if the Company paid cash for the services provided by calculating the fair value of the share offering at the cost of the service provided. g. Earnings Per Share Loss per share is computed using the weighted average number of shares outstanding during the period. The Company has adopted ASC 220 "Earnings Per Share". Basic earnings per share ("EPS") is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and warrants. h. Foreign Currency Translations The Company's operations are located in the United States of America and has its office in Canada. The Company and its subsidiary CapNTrack maintain their accounting records in U.S. Dollars, as follows: At the transaction date, each asset, liability, revenue and expense that was acquired or incurred in a foreign currency is translated into U.S. dollars by the using of the exchange rate in effect at that date. At the year end, monetary assets and liabilities are translated at the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included in operations. i. Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 - Quoted prices in active markets for identical assets or liabilities; Level 2 - Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and Level 3 - Unobservable inputs that are supported by little or no market activity, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. The Company's financial instruments consist primarily of cash, marketable securities, accounts receivable, accounts payable and due to related parties. The carrying amounts of these financial instruments approximate their fair values due to their short maturities. Cash and marketable securities are in Level 1 within the fair value hierarchy. The Company's operations are in United States of America and Canada, which results in exposure to market risks from changes in foreign currency rates. The financial risk is the risk to the Company's operations that arise from fluctuations in foreign exchange rates and the degree of volatility of these rates. Currently, the Company does not use derivative instruments to reduce its exposure to foreign currency risk. j. Income Taxes The Company has adopted ASC 740, "Income Taxes", which requires the Company to recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company's consolidated financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect in the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. k. Long-Lived Assets Impairment In accordance with ASC 360, "Accounting for Impairment or Disposal of Long Lived Assets", the carrying value of long lived assets are tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The Company recognizes impairment when the sum of the expected undiscounted future cash flows is less than the carrying amount of the asset. Impairment losses, if any, are measured as the excess of the carrying amount of the asset over its estimated fair value. L. Asset Retirement Obligations The Company accounts for asset retirement obligations in accordance with the provisions of ASC 410, "Asset Retirement and Environmental Obligations". ASC 410 requires the Company to record the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development and/or normal use of the assets. The Company does not believe it has any asset retirement obligation as of August 31, 2023 and 2022. M. Comprehensive Income The Company has adopted ASC 220, "Comprehensive Income", which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. The Company is disclosing this information on its Statement of Stockholders' Deficiency. Comprehensive income comprises equity except those transactions resulting from investments by owners and distributions to owners. n. Concentration of credit risk The Company places its cash with high credit quality financial institutions. o. Commitments and Contingencies In accordance with ASC 450-20, "Accounting for Contingencies", the Company records accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. In the event that estimates or assumptions prove to differ from actual results, adjustments are made in subsequent periods to reflect more current information. Historically, the Company has not experienced any material claims. p. Research and Development Research and development costs are expensed as incurred. q. Comparative Information The Company reclassified certain balances related to operations in the comparative period to conform with the current presentation. There has been no impact on net loss, comprehensive loss, or net assets as a result of the changes. |
MARKETABLE SECURITIES
MARKETABLE SECURITIES | 12 Months Ended |
Aug. 31, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
MARKETABLE SECURITIES [Text Block] | 4. On May 4, 2022 ("Closing Date"), the Company announced the sale of its Clayton Valley unpatented mining claims to Cypress Development Corporation ("Cypress") and as a result of this transaction received 3,000,000 shares of Cypress along with $1,100,000 in cash. During January 2023 Cypress underwent a name change to Century Lithium Corp ("Century"). The 3,000,000 shares were initially restricted for trade, as of August 31, 2023 all shares are tradable. Marketable securities as at August 31, 2023 consist of the Company's investment in 3,000,000 shares of Century of which a total of 1,140,200 were sold during the year ended August 31, 2023 (2022 - 0 shares sold) leaving 1,859,800 shares. An additional 6,000 share sales were pending that were settled after the year end. As at August 31, 2023, the movement in the Company's marketable securities is as follows: Balance, August 31, 2021 $ 14,994 Additions 1 3,432,382 Unrealized loss (923,533 ) Unrealized foreign exchange loss (62,388 ) Proceeds from disposal (10,064 ) Loss on disposal (7,641 ) Balance, August 31, 2022 $ 2,443,750 Additions - Unrealized gain (loss) 136,681 Unrealized foreign exchange gain (loss) (130,444 ) Proceeds from disposal (854,599 ) Realized loss on disposal (564,346 ) Realized Foreign exchange loss on disposal (41,735 ) Balance, August 31, 2023 $ 989,307 1 |
MINERAL PROPERTY
MINERAL PROPERTY | 12 Months Ended |
Aug. 31, 2023 | |
Mineral Industries Disclosures [Abstract] | |
MINERAL PROPERTY [Text Block] | 5. West Tonopah On February 25, 2022, the Company staked 1,760 acres of unpatented mineral claims in Esmeralda County, Nevada for cash consideration of $10,500. During the years ended August 31, 2023 and 2022, the mineral exploration expense consisted of: August 31, August 31, 2023 2022 Drilling $ 325,170 $ 125,154 Geologists 77,379 56,999 Sample Assays 31,441 8,572 Travel & Misc 30,675 21,623 Total Exploration $ 464,665 $ 212,348 Disposed of Property Clayton Valley During the year ended August 31, 2017 the Company staked lode and placer claims on Bureau of Land Management lands in Esmerelda County Nevada covering approximately 160 Acres with a 100% interest in the lands. In February of 2020 the Company signed a 1% Royalty agreement in exchange for $200,000. In October of 2020 the Company signed a 1% Royalty agreement in exchange for $250,000. On May 4, 2022, the Company closed the Clayton Valley property sale and disposed of the unpatented mining claims for consideration consisting of $1,100,000 in cash and 3,000,000 shares of Cypress Development Corp (Note 4, 5), renamed Century Lithium Corp. The royalty liabilities from the project were fully transferred to Century Lithium Corp. |
RESEARCH AND DEVELOPMENT
RESEARCH AND DEVELOPMENT | 12 Months Ended |
Aug. 31, 2023 | |
Research and Development Expense [Abstract] | |
RESEARCH AND DEVELOPMENT [Text Block] | 6. Clean Technologies On December 6, 2021, The Company entered into a Definitive Purchase and Sale Agreement to acquire 100% ownership and rights to the hydrogen technology ("Hydrogen Technology"). By acquiring this Hydrogen Technology, the Company is currently researching the opportunity to create process gas that can be used in commercial, industrial and mining applications by splitting the hydrogen from water via electrolysis. The technology is still in the research and development phase and is not commercially feasible as at the year ended August 31, 2023. Energy Management System ("EMS") On December 17, 2021, The Company entered into a Definitive Purchase and Sale Agreement to acquire 100% ownership and rights to their Provisional Patent Pending EMS. The Company created a Joint Venture ("JV") with 51% controlling interest in CapNTrack to run the commercial and industrial operations related to the EMS. As at the period ended date of August 31, 2023, there have been no operations in the JV and only insurance costs have been incurred. The EMS is still in the research and development phase and it has not obtained commercial or operational feasibility as at the year end date of August 31, 2023. The research and development expenses for the years ending August 31, 2023 and 2022 consisted of the following: August 31, August 31, 2023 2022 Clean Technologies $ 152,913 $ 319,133 Energy Management Systems 3,648 489,667 Total Research and Development $ 156,561 $ 808,800 |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Aug. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS [Text Block] | 7. For the year ended August 31, 2023, the Company was party to the following related party transactions with key management personnel, which consists of the President and Chief Financial Officer of the Company and its Directors: Incurred $114,000 (2022 - $38,000) to the President of the Company in consulting fees. As at August 31, 2023, the accounts payable to the President of the Company was $17,196, of which $17,159 were accrued wages (2022: $64,409). On December 6, 2021 the Company issued 250,000 stock options valued at $12,205 to the President of the Company (Note 9). Incurred $20,000 (2022 - $769) to the Chief Financial Officer of the Company in consulting fees. As at August 31, 2023, the accounts payable to the Chief Financial Officer of the Company was $0 (2022: $0). On August 18, 2022, the Company issued 1,000,000 stock options valued at $40,543 to the Chief Financial Officer of the Company (Note 9). The Company incurred $13,500 to a director of the Company in geological consulting services. On August 18, 2022 the Company issued a total of 1,000,000 stock options valued at $40,543 to two Directors of the Company. |
COMMON STOCK
COMMON STOCK | 12 Months Ended |
Aug. 31, 2023 | |
Stockholders' Equity Note [Abstract] | |
COMMON STOCK [Text Block] | 8. At the Annual General Meeting held in March of 2023, the authorized share capital was increased from 200 million shares to 500 million shares. During the year ended August 31, 2022 the Company issued 113,388 common shares as a result of the exercise of stock options and 2,791,000 common shares as a result of the exercise of warrants (Note 9). On December 6, 2021 the Company issued 1,000,000 common shares and an additional 1,000,000 common shares in escrow in connection with the purchase of Hydrogen Technology (Note 6). On December 17, 2021 the Company issued 5,000,000 common shares and an additional 5,000,000 common shares in escrow in connection with the purchase of JV (Note 6). On February 25, 2022, the Company issued 1,000,000 shares to one consultant of the Company. On February 22, 2023 the Company issued 50,000 shares on the exercise of 50,000 warrants at $0.04 per warrant (Note 9). As at August 31, 2023 the Company had 155,166,088 shares issued and outstanding (2022 - 155,116,088). As at August 31, 2023 the Company had 7,000,000 (2022 - 7,000,000) shares held in escrow in connection with the purchase of Clean energy pending patent approvals. |
STOCK OPTIONS AND WARRANTS
STOCK OPTIONS AND WARRANTS | 12 Months Ended |
Aug. 31, 2023 | |
Share-based Payment Arrangement [Abstract] | |
STOCK OPTIONS AND WARRANTS [Text Block] | 9. Stock Options On July 15, 2014, the shareholders approved and adopted at the Annual General Meeting the Company's 2014 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. The aggregate number of Common Shares that may be reserved, allotted and issued pursuant to Options shall not exceed 17,400,000 shares of common stock, less the aggregate number of shares of common stock then reserved for issuance pursuant to any other share compensation arrangement. For greater certainty, if an Option is surrendered, terminated or expires without being exercised, the Common Shares reserved for issuance pursuant to such Option shall be available for new Options granted under this Plan. The options are deemed as vested and exercisable on issuance and the maximum life of the options granted under this Plan may not exceed 5 years. At the Annual General Meeting held March 22, 2023, a new 2023 Stock Option Plan was approved. Under the 2023 Stock Option Plan (the "2023 Plan") the Company may grant options to purchase shares of common stock, $0.001 par value per share, of the Company. The stock subject to options granted under the 2023 Plan shall be shares of authorized but unissued or reacquired common stock. The maximum number of shares of common stock of the Company which may be issued and sold under the 2023 Plan shall be 31,000,000, subject to adjustment for stock splits or consolidations with a maximum life of 5 years and vesting at the discretion of the Board of Directors. Management plans to issue all new option grants under the 2023 Plan and to cancel the 2014 Plan once all currently issued options are either exercised or expire. On September 9, 2021, the Company issued 500,000 stock options to one of the consultants of the Company with an exercise price of $0.08 vested immediately, expiring September 9, 2026. On December 6, 2021, the Company issued 250,000 stock options to the president of the Company with an exercise price of $0.07 vested immediately, expiring December 6, 2026. On December 6, 2021, the Company issued 500,000 stock options to one of the consultants of the Company with an exercise price of $0.07 vested immediately, expiring December 6, 2026. On December 6, 2021, the Company issued 250,000 stock options to one of the consultants of the Company with an exercise price of $0.07 vested immediately, expiring December 6, 2026. On August 18, 2022, the Company issued 2,000,000 stock options with an exercise price of $0.06 vesting immediately, expiring August 18, 2027. 1,000,000 to the Chief Financial Officer and 500,000 each to two Directors of the Company (Note 7). During the year ended August 31, 2023, the Company did not issue any options. The fair value of the options granted during the year ended August 31, 2022 was estimated on the date of the grant using the Black-Scholes options pricing model, with the following weighted average assumptions: 2022 Expected dividend yield 0.00% Expected stock volatility 202% Risk-free interest rate 2.26% Expected life of options (years) 5.00 Expected forfeiture rate 0.00% Grant date fair value per option $ 0.05 During the year ended August 31, 2023, the Company recorded $0 (August 31, 2022 $163,130) as stock-based compensation expense. During the year ended August 31, 2023 no options were exercised and 1,750,000 options expired unexercised. During the year ended August 31, 2022, 113,388 common shares were issued as a result of the exercise of 226,776 cashless stock options and a total of 3,450,000 stock options expired without being exercised. A summary of the changes in stock options is presented below: Options Outstanding Number of Weighted Average Weighted Average Balance, August 31, 2021 10,076,776 0.08 Issued 3,500,000 0.07 Expired (3,450,000 ) 0.07 Exercised (226,776 ) 0.04 Balance, August 31, 2022 9,900,000 0.08 Expired (1,750,000 ) 0.06 Balance, August 31, 2023 (Outstanding & Exercisable) 8,150,000 0.09 2.91 The Company has the following options outstanding and exercisable as at August 31, 2023: Issue Date Expiry Date Exercise Price Number of Remaining Life December 14, 2020 December 14, 2025 0.05 2,100,000 2.29 January 28, 2021 January 28, 2026 0.14 2,000,000 2.41 February 4, 2021 February 4, 2026 0.18 100,000 2.43 February 5, 2021 February 5, 2026 0.18 300,000 2.44 April 27, 2021 April 27, 2026 0.12 100,000 2.66 May 28, 2021 May 28, 2026 0.12 50,000 2.74 September 1, 2021 September 1, 2026 0.08 500,000 3.01 December 6, 2021 December 6, 2026 0.07 1,000,000 3.27 August 18, 2022 August 18, 2027 0.06 2,000,000 3.97 Balance outstanding and exercisable 8,150,000 2.91 *As at August 31, 2023 the market price of the Company's common shares was $0.021 per share. The intrinsic value of the stock options was $0. Warrants There were no warrants issued during the years ended August 31, 2023 and 2022. During the year ended August 31, 2023, 50,000 warrants were exercised for $2,000, and 4,923,369 warrants expired unexercised. A summary of warrants as at August 31, 2023 and August 31, 2022 is as follows: Weighted Average Number of warrants Exercise Price Balance, August 31, 2021 9,716,869 $ 0.05 Forfeited (1,952,500 ) 0.08 Exercised (2,91,000 ) 0.05 Balance, August 31, 2022 4,973,369 $ 0.04 Forfeited (4,923,369 ) 0.04 Exercised (50,000 ) 0.04 Balance, August 31, 2023 - $ - |
COMMITMENTS
COMMITMENTS | 12 Months Ended |
Aug. 31, 2023 | |
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 $9,500 per month plus goods and services tax ("GST") on a continuing basis. The Company has a consulting agreement with the CFO of the Company for corporate administration and consulting services for $5,000 per quarter plus goods and services tax ("GST") on a continuing basis, increasing to $7,500 per quarter plus GST beginning September 1, 2023. The Company has a rental agreement for a corporate office for CAD$1,155 per month plus GST. The agreement expires December 31, 2023. |
PREPAID EXPENSES AND DEPOSITS
PREPAID EXPENSES AND DEPOSITS | 12 Months Ended |
Aug. 31, 2023 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
PREPAID EXPENSES AND DEPOSITS [Text Block] | 11. PREPAID EXPENSES AND DEPOSITS The balance of Prepaid Expenses and Deposits consisted of the following: August 31, August 31, Prepaid Expenses & Deposits 2023 2022 Advertising $ 13,593 $ 20,863 Clean Technology Expense 5,400 71,000 Consultants 8,000 24,540 Exploration costs 28,400 9,077 Filing fees - 8,748 Insurance 33,915 - Office Expenses 30 5,079 Total Prepaid Expenses& Deposits $ 89,338 $ 139,307 |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Aug. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES [Text Block] | 12. INCOME TAXES The following table reconciles the income tax benefit at the U.S. Federal statutory income tax rates to income tax benefit at the Company's effective tax rates at August 31, 2023 and 2022: August 31, August 31, 2023 2022 Income (loss) before taxes $ (1,832,178 ) $ 1,974,407 Statutory tax rate 21% 21.00% Expected income tax expense (recovery) (384,757 ) 414,625 Non-deductible items 1,428 34,257 Change in enacted rates and other 422,502 (26,649 ) Change in valuation allowance (39,173 ) (422,234 ) Income tax expense (recovery) $ - $ - Deferred taxes reflect the tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes. Deferred tax assets (liabilities) at August 31, 2023 and 2022 are comprised of the following: August 31, August 31, Net operating loss carry forwards $ 2,734,816 $ 2,154,456 Intangible assets 29,590 - Marketable securities 206,303 207,613 Mineral property 25,465 64,364 Capital loss carry forwards 1,605 4,526 2,997,779 2,430,960 Valuation allowance 2,977,779 2,430,960 Deferred tax assets (liabilities) $ - $ - The Company has net operating loss carry forwards of approximately $12,651,469 (2022 - $10,259,316) a portion of which may be carried forward up to 20 years to apply against future taxable income for US tax purposes, subject to the final determination by the taxation authority, expiring in the following years. Future tax assets have not been recognized because it is not probable that future taxable profit will be available against which the Company can utilize the benefits therefrom. |
SEGMENTED INFORMATION
SEGMENTED INFORMATION | 12 Months Ended |
Aug. 31, 2023 | |
Segment Reporting [Abstract] | |
SEGMENTED INFORMATION [Text Block] | 13. SEGMENTED INFORMATION The Company's operations involve the development of natural resources and green technologies. The Company is centrally managed and its chief operating decision maker, being the CEO, uses the consolidated and other financial information to make operational decisions and to assess the performance of the Company. The Company has increased its reportable segments from one to three during the year ended August 31, 2022. The decision for this change was made keeping in mind the Company's strategic direction and the need to better report the results for each of the identified three reportable segments: Natural Resources, Technology and Corporate, none of which are revenue generating as at the year ended date of August 31, 2023. Long term Assets Amount United States of America $ 10,500 Balance August 31, 2023 $ 10,500 Natural Resources Technology Corporate Consolidated Total August 31, 2023 $ $ $ $ Expenses (464,665 ) (156,561 ) (603,359 ) (1,224,585 ) Other income (Note 4) - - (607,593 ) (607,593 ) Segment Loss (464,665 ) (156,561 ) (1,210,952 ) (1,832,178 ) Total Assets (Note 4, 5) 10,500 - 1,347,708 1,358,208 Long term Assets Amount United States of America $ 10,500 Balance August 31, 2022 $ 10,500 Natural Resources Technology Corporate Consolidated Total August 31, 2022 $ $ $ $ Expenses (212,348 ) (808,800 ) (545,087 ) (1,566,235 ) Other income (Note 4, 5, 6) 4,532,382 - (991,740 ) 3,540,642 Segment Income (Loss) 4,320,034 (808,800 ) (1,536,827 ) 1,974,407 Total Assets (Note 4, 5) 10,500 - 3,203,141 3,213,641 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Aug. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS [Text Block] | 14. SUBSEQUENT EVENTS Management has evaluated subsequent events through the date these consolidated financial statements were issued. Based on our evaluation the are no material events have occurred that require disclosure. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Aug. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation [Policy Text Block] | a. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles. |
Basis of Consolidation [Policy Text Block] | b. Basis of Consolidation The financial statements have been prepared on a consolidated basis with those of the Company's 51% owned subsidiary, CapNTrack Inc. All intercompany transactions and balances have been eliminated. |
Cash and Cash Equivalents [Policy Text Block] | c. Cash and Cash Equivalents Cash and cash equivalents include cash in bank accounts and money market funds with maturities of less than three months from inception, which are readily convertible to known amounts of cash and which, in the opinion of management, are subject to an insignificant risk of loss in value. As of August 31, 2023 and 2022, cash and cash equivalents consisted of the following: August 31, August 31, 2023 2022 Cash $ 218,081 $ 615,207 Money market funds 41,500 - $ 259,581 $ 615,207 |
Mineral Properties [Policy Text Block] | d. Mineral Properties Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves are established for that project. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral properties. Expenditures relating to exploration activities are expensed as incurred and expenditures relating to pre-extraction activities are expensed as incurred until such time proven or probable reserves are established for that project, after which subsequent expenditures relating to development activities for that particular project are capitalized as incurred. Where proven and probable reserves have been established, the project's capitalized expenditures are depleted over proven and probable reserves using the units-of production method upon commencement of production. Where proven and probable reserves have not been established, the project's capitalized expenditures are depleted over the estimated extraction life using the straight-line method upon commencement of extraction. The Company has not established proven or probable reserves for any of its projects. The carrying values of the mineral rights are assessed for impairment by management on a quarterly basis and as required whenever indicators of impairment exist. An impairment loss is recognized if it is determined that the carrying value is not recoverable and exceeds fair value. |
Stock-Based Compensation [Policy Text Block] | e. Stock-Based Compensation The Company followed Accounting Standards Codification ("ASC") 718, "Compensation - Stock Compensation", to account for its stock options and similar equity instruments issued. Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid. |
Accounting Estimates [Policy Text Block] | f. Accounting Estimates The preparation of consolidated financial statements in conformity with U.S GAAP requires us to make certain estimates, judgements and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Some of the Company's accounting policies require us to make subjective judgments, often as a result of the need to make estimates of matters that are inherently uncertain. These accounting policies involve critical accounting estimates because they are particularly dependent on estimates and assumptions made by management about matters that are highly uncertain at the time the accounting estimates are made. Although we have used our best estimates based on facts and circumstances available to us at the time, different estimates reasonably could have been used. Changes in the accounting estimates used by the Company are reasonably likely to occur from time to time, which may have a material effect on the presentation of financial condition and results of operations. The Company reviews these estimates, judgments and assumptions periodically and reflect the effects of revisions in the period in which they are deemed to be necessary. We believe that these estimates are reasonable; however, actual results could differ from these estimates. Significant accounting estimates and assumptions are used for, but not limited to: a) The Valuation of Deferred Tax Assets Judgement is required in determining whether deferred tax assets are recognized on the balance sheet. The recognition of deferred tax assets requires management to assess the likelihood that the Company will generate taxable income in future periods to utilize the deferred tax assets. Due to the Company's history of losses, deferred tax assets have not been recognized by the Company. b) Value of Stock Options The Company provides compensation benefits to its employees, directors, officers, and consultants, through a stock option plan. The fair value of each option award is estimated on the date of grant using the Black-Scholes option pricing model. Expected volatility assumption used in the model is based on the historical volatility of the Company's share price. The Company uses historical data to estimate the period of option exercises for use in the valuation model. The risk-free interest rate for the expected term of the option is based on the yields of government bonds. Changes in these assumptions, especially the share price volatility and the expected life determination could have a material impact on the Company's profit and loss for the periods presented. All estimates used in the model are based on historical data which may not be representative of future results. c) Fair value of shares issued in non cash transactions The Company at times grants common shares in lieu of cash to certain vendors for their services to the Company. The Company recognizes the associated cost in the same period and manner as if the Company paid cash for the services provided by calculating the fair value of the share offering at the cost of the service provided. |
Earnings Per Share [Policy Text Block] | g. Earnings Per Share Loss per share is computed using the weighted average number of shares outstanding during the period. The Company has adopted ASC 220 "Earnings Per Share". Basic earnings per share ("EPS") is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and warrants. |
Foreign Currency Translations [Policy Text Block] | h. Foreign Currency Translations The Company's operations are located in the United States of America and has its office in Canada. The Company and its subsidiary CapNTrack maintain their accounting records in U.S. Dollars, as follows: At the transaction date, each asset, liability, revenue and expense that was acquired or incurred in a foreign currency is translated into U.S. dollars by the using of the exchange rate in effect at that date. At the year end, monetary assets and liabilities are translated at the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included in operations. |
Financial Instruments [Policy Text Block] | i. Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument's categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value: Level 1 - Quoted prices in active markets for identical assets or liabilities; Level 2 - Inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and Level 3 - Unobservable inputs that are supported by little or no market activity, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. The Company's financial instruments consist primarily of cash, marketable securities, accounts receivable, accounts payable and due to related parties. The carrying amounts of these financial instruments approximate their fair values due to their short maturities. Cash and marketable securities are in Level 1 within the fair value hierarchy. The Company's operations are in United States of America and Canada, which results in exposure to market risks from changes in foreign currency rates. The financial risk is the risk to the Company's operations that arise from fluctuations in foreign exchange rates and the degree of volatility of these rates. Currently, the Company does not use derivative instruments to reduce its exposure to foreign currency risk. |
Income Taxes [Policy Text Block] | j. Income Taxes The Company has adopted ASC 740, "Income Taxes", which requires the Company to recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Company's consolidated financial statements or tax returns using the liability method. Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect in the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the period that includes the enactment date. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. |
Long-Lived Assets Impairment [Policy Text Block] | k. Long-Lived Assets Impairment In accordance with ASC 360, "Accounting for Impairment or Disposal of Long Lived Assets", the carrying value of long lived assets are tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The Company recognizes impairment when the sum of the expected undiscounted future cash flows is less than the carrying amount of the asset. Impairment losses, if any, are measured as the excess of the carrying amount of the asset over its estimated fair value. |
Asset Retirement Obligations [Policy Text Block] | L. Asset Retirement Obligations The Company accounts for asset retirement obligations in accordance with the provisions of ASC 410, "Asset Retirement and Environmental Obligations". ASC 410 requires the Company to record the fair value of an asset retirement obligation as a liability in the period in which it incurs a legal obligation associated with the retirement of tangible long-lived assets that result from the acquisition, construction, development and/or normal use of the assets. The Company does not believe it has any asset retirement obligation as of August 31, 2023 and 2022. |
Comprehensive Income [Policy Text Block] | M. Comprehensive Income The Company has adopted ASC 220, "Comprehensive Income", which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. The Company is disclosing this information on its Statement of Stockholders' Deficiency. Comprehensive income comprises equity except those transactions resulting from investments by owners and distributions to owners. |
Concentration of credit risk [Policy Text Block] | n. Concentration of credit risk The Company places its cash with high credit quality financial institutions. |
Commitments and Contingencies [Policy Text Block] | o. Commitments and Contingencies In accordance with ASC 450-20, "Accounting for Contingencies", the Company records accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. In the event that estimates or assumptions prove to differ from actual results, adjustments are made in subsequent periods to reflect more current information. Historically, the Company has not experienced any material claims. |
Research and Development [Policy Text Block] | p. Research and Development Research and development costs are expensed as incurred. |
Comparative Information [Policy Text Block] | q. Comparative Information The Company reclassified certain balances related to operations in the comparative period to conform with the current presentation. There has been no impact on net loss, comprehensive loss, or net assets as a result of the changes. |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended |
Aug. 31, 2023 | |
Accounting Policies [Abstract] | |
Schedule of cash and cash equivalents [Table Text Block] | August 31, August 31, 2023 2022 Cash $ 218,081 $ 615,207 Money market funds 41,500 - $ 259,581 $ 615,207 |
MARKETABLE SECURITIES (Tables)
MARKETABLE SECURITIES (Tables) | 12 Months Ended |
Aug. 31, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of movement in marketable securities [Table Text Block] | Balance, August 31, 2021 $ 14,994 Additions 1 3,432,382 Unrealized loss (923,533 ) Unrealized foreign exchange loss (62,388 ) Proceeds from disposal (10,064 ) Loss on disposal (7,641 ) Balance, August 31, 2022 $ 2,443,750 Additions - Unrealized gain (loss) 136,681 Unrealized foreign exchange gain (loss) (130,444 ) Proceeds from disposal (854,599 ) Realized loss on disposal (564,346 ) Realized Foreign exchange loss on disposal (41,735 ) Balance, August 31, 2023 $ 989,307 |
MINERAL PROPERTY (Tables)
MINERAL PROPERTY (Tables) | 12 Months Ended |
Aug. 31, 2023 | |
Mineral Industries Disclosures [Abstract] | |
Schedule of mineral exploration expense [Table Text Block] | August 31, August 31, 2023 2022 Drilling $ 325,170 $ 125,154 Geologists 77,379 56,999 Sample Assays 31,441 8,572 Travel & Misc 30,675 21,623 Total Exploration $ 464,665 $ 212,348 |
RESEARCH AND DEVELOPMENT (Table
RESEARCH AND DEVELOPMENT (Tables) | 12 Months Ended |
Aug. 31, 2023 | |
Research and Development Expense [Abstract] | |
Schedule of research and development [Table Text Block] | August 31, August 31, 2023 2022 Clean Technologies $ 152,913 $ 319,133 Energy Management Systems 3,648 489,667 Total Research and Development $ 156,561 $ 808,800 |
STOCK OPTIONS AND WARRANTS (Tab
STOCK OPTIONS AND WARRANTS (Tables) | 12 Months Ended |
Aug. 31, 2023 | |
Share-based Payment Arrangement [Abstract] | |
Schedule of weighted average assumptions for fair value of the options granted [Table Text Block] | 2022 Expected dividend yield 0.00% Expected stock volatility 202% Risk-free interest rate 2.26% Expected life of options (years) 5.00 Expected forfeiture rate 0.00% Grant date fair value per option $ 0.05 |
Schedule of summary of the changes in stock options [Table Text Block] | Options Outstanding Number of Weighted Average Weighted Average Balance, August 31, 2021 10,076,776 0.08 Issued 3,500,000 0.07 Expired (3,450,000 ) 0.07 Exercised (226,776 ) 0.04 Balance, August 31, 2022 9,900,000 0.08 Expired (1,750,000 ) 0.06 Balance, August 31, 2023 (Outstanding & Exercisable) 8,150,000 0.09 2.91 |
Schedule of options outstanding and exercisable [Table Text Block] | Issue Date Expiry Date Exercise Price Number of Remaining Life December 14, 2020 December 14, 2025 0.05 2,100,000 2.29 January 28, 2021 January 28, 2026 0.14 2,000,000 2.41 February 4, 2021 February 4, 2026 0.18 100,000 2.43 February 5, 2021 February 5, 2026 0.18 300,000 2.44 April 27, 2021 April 27, 2026 0.12 100,000 2.66 May 28, 2021 May 28, 2026 0.12 50,000 2.74 September 1, 2021 September 1, 2026 0.08 500,000 3.01 December 6, 2021 December 6, 2026 0.07 1,000,000 3.27 August 18, 2022 August 18, 2027 0.06 2,000,000 3.97 Balance outstanding and exercisable 8,150,000 2.91 |
Schedule of summary of warrants [Table Text Block] | Weighted Average Number of warrants Exercise Price Balance, August 31, 2021 9,716,869 $ 0.05 Forfeited (1,952,500 ) 0.08 Exercised (2,91,000 ) 0.05 Balance, August 31, 2022 4,973,369 $ 0.04 Forfeited (4,923,369 ) 0.04 Exercised (50,000 ) 0.04 Balance, August 31, 2023 - $ - |
PREPAID EXPENSES AND DEPOSITS (
PREPAID EXPENSES AND DEPOSITS (Tables) | 12 Months Ended |
Aug. 31, 2023 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Schedule of prepaid expenses and deposits [Table Text Block] | August 31, August 31, Prepaid Expenses & Deposits 2023 2022 Advertising $ 13,593 $ 20,863 Clean Technology Expense 5,400 71,000 Consultants 8,000 24,540 Exploration costs 28,400 9,077 Filing fees - 8,748 Insurance 33,915 - Office Expenses 30 5,079 Total Prepaid Expenses& Deposits $ 89,338 $ 139,307 |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Aug. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Schedule of effective income tax rate reconciliation [Table Text Block] | August 31, August 31, 2023 2022 Income (loss) before taxes $ (1,832,178 ) $ 1,974,407 Statutory tax rate 21% 21.00% Expected income tax expense (recovery) (384,757 ) 414,625 Non-deductible items 1,428 34,257 Change in enacted rates and other 422,502 (26,649 ) Change in valuation allowance (39,173 ) (422,234 ) Income tax expense (recovery) $ - $ - |
Schedule of deferred tax assets and liabilities [Table Text Block] | August 31, August 31, Net operating loss carry forwards $ 2,734,816 $ 2,154,456 Intangible assets 29,590 - Marketable securities 206,303 207,613 Mineral property 25,465 64,364 Capital loss carry forwards 1,605 4,526 2,997,779 2,430,960 Valuation allowance 2,977,779 2,430,960 Deferred tax assets (liabilities) $ - $ - |
SEGMENTED INFORMATION (Tables)
SEGMENTED INFORMATION (Tables) | 12 Months Ended |
Aug. 31, 2023 | |
Segment Reporting [Abstract] | |
Schedule of long term assets [Table Text Block] | Long term Assets Amount United States of America $ 10,500 Balance August 31, 2023 $ 10,500 Long term Assets Amount United States of America $ 10,500 Balance August 31, 2022 $ 10,500 |
Schedule of segmented information [Table Text Block] | Natural Resources Technology Corporate Consolidated Total August 31, 2023 $ $ $ $ Expenses (464,665 ) (156,561 ) (603,359 ) (1,224,585 ) Other income (Note 4) - - (607,593 ) (607,593 ) Segment Loss (464,665 ) (156,561 ) (1,210,952 ) (1,832,178 ) Total Assets (Note 4, 5) 10,500 - 1,347,708 1,358,208 Natural Resources Technology Corporate Consolidated Total August 31, 2022 $ $ $ $ Expenses (212,348 ) (808,800 ) (545,087 ) (1,566,235 ) Other income (Note 4, 5, 6) 4,532,382 - (991,740 ) 3,540,642 Segment Income (Loss) 4,320,034 (808,800 ) (1,536,827 ) 1,974,407 Total Assets (Note 4, 5) 10,500 - 3,203,141 3,213,641 |
GOING CONCERN UNCERTAINTY (Narr
GOING CONCERN UNCERTAINTY (Narrative) (Details) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Going Concern Uncertainty [Abstract] | ||
Working capital | $ 1,015,108 | $ 2,845,286 |
Cumulative losses | $ (14,526,485) | $ (12,694,988) |
SIGNIFICANT ACCOUNTING POLICI_4
SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) | Aug. 31, 2023 | Dec. 17, 2021 |
CapNTrack [Member] | ||
Research and Development Arrangement, Contract to Perform for Others [Line Items] | ||
Ownership percentage in CapNTrack Inc. subsidiary | 51% | 51% |
SIGNIFICANT ACCOUNTING POLICI_5
SIGNIFICANT ACCOUNTING POLICIES (Schedule of Cash And Cash Equivalents) (Details) - USD ($) | Aug. 31, 2023 | Aug. 31, 2022 |
Accounting Policies [Abstract] | ||
Cash | $ 218,081 | $ 615,207 |
Money market funds | 41,500 | 0 |
Cash and cash equivalents | $ 259,581 | $ 615,207 |
MARKETABLE SECURITIES (Narrativ
MARKETABLE SECURITIES (Narrative) (Details) | 12 Months Ended | |||
May 04, 2022 $ / shares | May 04, 2022 USD ($) shares | Aug. 31, 2023 shares | Aug. 31, 2022 shares | |
Clayton Valley [Member] | ||||
Marketable Securities [Line Items] | ||||
Proceeds from mineral property sale | $ | $ 1,100,000 | |||
Cypress Development Corporation [Member] | ||||
Marketable Securities [Line Items] | ||||
Number of shares received for mineral property sale | 3,000,000 | |||
Number of shares tradable as on date | 3,000,000 | |||
Number of shares invested | 3,000,000 | |||
Number of marketable securities sold | 1,140,200 | 0 | ||
Number of marketable securities remain unsold | 1,859,800 | |||
Number of additional share sales settled after year end | 6,000 | |||
Investment value, closing rate per share | $ / shares | $ 1.63 | |||
Investment value, discount percentage | 10% |
MARKETABLE SECURITIES - Schedul
MARKETABLE SECURITIES - Schedule of movement in marketable securities (Details) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Marketable Securities [Line Items] | ||
Unrealized gain (loss) | $ 136,681 | $ (923,533) |
Unrealized foreign exchange gain (loss) | (130,444) | (62,388) |
Proceeds from disposal | (854,599) | (10,064) |
Realized loss on marketable securities | (564,346) | (7,641) |
Realized Foreign exchange loss on disposal | (41,735) | 0 |
Cypress Development Corporation [Member] | ||
Marketable Securities [Line Items] | ||
Beginning Balance | 2,443,750 | 14,994 |
Additions | 0 | 3,432,382 |
Unrealized gain (loss) | 136,681 | (923,533) |
Unrealized foreign exchange gain (loss) | (130,444) | (62,388) |
Proceeds from disposal | (854,599) | (10,064) |
Realized loss on marketable securities | (564,346) | (7,641) |
Realized Foreign exchange loss on disposal | (41,735) | |
Ending Balance | $ 989,307 | $ 2,443,750 |
MINERAL PROPERTY (Narrative) (D
MINERAL PROPERTY (Narrative) (Details) | 1 Months Ended | ||||
May 04, 2022 USD ($) shares | Aug. 31, 2017 a | Feb. 25, 2022 USD ($) a | Oct. 31, 2020 USD ($) | Feb. 29, 2020 USD ($) | |
West Tonopah Property [Member] | |||||
Mineral Industries [Line Items] | |||||
Area of mineral claims | a | 1,760 | ||||
Cash consideration for unpatented mineral claims | $ 10,500 | ||||
Clayton Valley [Member] | |||||
Mineral Industries [Line Items] | |||||
Area of mineral claims | a | 160 | ||||
Percentage of interest in land rights | 100% | ||||
Percentage of royalty agreement | 1% | 1% | |||
Proceeds from royalty agreement | $ 250,000 | $ 200,000 | |||
Proceeds from mineral property sale | $ 1,100,000 | ||||
Cypress Development Corp [Member] | |||||
Mineral Industries [Line Items] | |||||
Number of shares received for mineral property sale | shares | 3,000,000 |
MINERAL PROPERTY - Schedule of
MINERAL PROPERTY - Schedule of mineral exploration expense (Details) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Mineral Industries Disclosures [Abstract] | ||
Drilling | $ 325,170 | $ 125,154 |
Geologists | 77,379 | 56,999 |
Sample Assays | 31,441 | 8,572 |
Travel & Misc | 30,675 | 21,623 |
Total Exploration | $ 464,665 | $ 212,348 |
RESEARCH AND DEVELOPMENT (Narra
RESEARCH AND DEVELOPMENT (Narrative) (Details) | Aug. 31, 2023 | Dec. 17, 2021 | Dec. 06, 2021 |
Hydrogen Technology [Member] | |||
Research and Development Arrangement, Contract to Perform for Others [Line Items] | |||
Ownership percentage | 100% | ||
Energy Management Systems [Member] | |||
Research and Development Arrangement, Contract to Perform for Others [Line Items] | |||
Ownership percentage | 100% | ||
CapNTrack [Member] | |||
Research and Development Arrangement, Contract to Perform for Others [Line Items] | |||
Ownership percentage | 51% | 51% |
RESEARCH AND DEVELOPMENT - Sche
RESEARCH AND DEVELOPMENT - Schedule of research and development expenses (Details) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Research and Development Arrangement, Contract to Perform for Others [Line Items] | ||
Research and development expenses | $ 156,561 | $ 808,800 |
Clean Technologies [Member] | ||
Research and Development Arrangement, Contract to Perform for Others [Line Items] | ||
Research and development expenses | 152,913 | 319,133 |
Energy Management Systems [Member] | ||
Research and Development Arrangement, Contract to Perform for Others [Line Items] | ||
Research and development expenses | $ 3,648 | $ 489,667 |
RELATED PARTY TRANSACTIONS (Nar
RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($) | 1 Months Ended | 12 Months Ended | ||
Dec. 06, 2021 | Aug. 18, 2022 | Aug. 31, 2023 | Aug. 31, 2022 | |
Related Party Transaction [Line Items] | ||||
Accounts payable to related party | $ 17,196 | $ 64,409 | ||
Stock options granted (shares) | 3,500,000 | |||
President [Member] | ||||
Related Party Transaction [Line Items] | ||||
Consulting fees | 114,000 | $ 38,000 | ||
Accounts payable to related party | 17,196 | |||
Accrued wages | 17,159 | 64,409 | ||
Stock options granted (shares) | 250,000 | |||
Value of options granted | $ 12,205 | |||
Chief Financial Officer [Member] | ||||
Related Party Transaction [Line Items] | ||||
Consulting fees | 20,000 | 769 | ||
Accounts payable to related party | 0 | $ 0 | ||
Stock options granted (shares) | 1,000,000 | |||
Value of options granted | $ 40,543 | |||
Director [Member] | ||||
Related Party Transaction [Line Items] | ||||
Consulting fees | $ 13,500 | |||
Stock options granted (shares) | 1,000,000 | |||
Value of options granted | $ 40,543 |
COMMON STOCK (Narrative) (Detai
COMMON STOCK (Narrative) (Details) - $ / shares | 1 Months Ended | 12 Months Ended | 13 Months Ended | |||
Dec. 06, 2021 | Feb. 25, 2022 | Dec. 17, 2021 | Aug. 31, 2022 | Feb. 22, 2023 | Aug. 31, 2023 | |
Stockholders Equity Note [Line Items] | ||||||
Common stock, shares authorized | 200,000,000 | 500,000,000 | ||||
Number of common shares issued in exercise of options | 113,388 | |||||
Number of common shares issued in exercise of warrants | 2,791,000 | 50,000 | ||||
Common stock, shares issued | 155,116,088 | 155,166,088 | ||||
Number of warrants exercised | 50,000 | |||||
Warrant exercise price | $ 0.04 | |||||
Common stock, shares outstanding | 155,116,088 | 155,166,088 | ||||
Number of shares held in escrow | 7,000,000 | 7,000,000 | ||||
Hydrogen Technology [Member] | ||||||
Stockholders Equity Note [Line Items] | ||||||
Number of shares issued | 1,000,000 | |||||
Additional common shares in escrow | 1,000,000 | |||||
Definitive agreement [Member] | ||||||
Stockholders Equity Note [Line Items] | ||||||
Number of shares issued | 5,000,000 | |||||
Additional common shares in escrow | 5,000,000 | |||||
Consultant 1 [Member] | ||||||
Stockholders Equity Note [Line Items] | ||||||
Number of shares issued | 1,000,000 | |||||
COMMON STOCK [Member] | ||||||
Stockholders Equity Note [Line Items] | ||||||
Number of common shares issued in exercise of options | 113,388 | |||||
Number of common shares issued in exercise of warrants | 2,791,000 |
STOCK OPTIONS AND WARRANTS (Nar
STOCK OPTIONS AND WARRANTS (Narrative) (Details) | 1 Months Ended | 12 Months Ended | |||||
Dec. 06, 2021 $ / shares shares | Sep. 09, 2021 $ / shares shares | Mar. 22, 2023 $ / shares shares | Aug. 18, 2022 $ / shares shares | Aug. 31, 2023 USD ($) $ / shares shares | Aug. 31, 2022 USD ($) $ / shares shares | Aug. 31, 2021 $ / shares | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Expected life of options (years) | 5 years | ||||||
Stock options exercised | $ | $ 0 | ||||||
Exercise prices | $ / shares | $ 0.09 | $ 0.08 | $ 0.08 | ||||
Stock options granted (shares) | 3,500,000 | ||||||
Stock options granted exercise price | $ / shares | $ 0.07 | ||||||
Stock based compensation | $ | $ 0 | $ 163,130 | |||||
Stock options exercised (shares) | 113,388 | ||||||
Number of options, exercised | (226,776) | ||||||
Stock options expired | 1,750,000 | 3,450,000 | |||||
Intrinsic value of stock options | $ | $ 0.021 | $ 0 | |||||
Number of warrants exercised | 50,000 | 291,000 | |||||
Net proceeds from warrants exercised | $ | $ 2,000 | $ 131,390 | |||||
Warrants exercised, exercise price | $ / shares | $ 0.04 | $ 0.05 | |||||
Number of warrants forfeited | 4,923,369 | 1,952,500 | |||||
2023 Plan [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Expected life of options (years) | 5 years | ||||||
Number of stock option issued | 31,000,000 | ||||||
Exercise prices | $ / shares | $ 0.001 | ||||||
Stock options granted (shares) | 2,000,000 | ||||||
Stock options granted exercise price | $ / shares | $ 0.06 | ||||||
Stock option expiration date | Aug. 18, 2027 | ||||||
Maximum [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of Common Shares reserved, allotted and issued pursuant to Options | 17,400,000 | ||||||
Expected life of options (years) | 5 years | ||||||
One Consultant [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Stock options granted (shares) | 500,000 | 500,000 | |||||
Stock options granted exercise price | $ / shares | $ 0.07 | $ 0.08 | |||||
Stock option expiration date | Dec. 06, 2026 | Sep. 09, 2026 | |||||
Consultant 2 [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Stock options granted (shares) | 250,000 | ||||||
Stock options granted exercise price | $ / shares | $ 0.07 | ||||||
Stock option expiration date | Dec. 06, 2026 | ||||||
Chief Financial Officer [Member] | 2023 Plan [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Stock options granted (shares) | 1,000,000 | ||||||
Director [Member] | 2023 Plan [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Stock options granted (shares) | 500,000 | ||||||
President [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Stock options granted (shares) | 250,000 | ||||||
Stock options granted exercise price | $ / shares | $ 0.07 | ||||||
Stock option expiration date | Dec. 06, 2026 | ||||||
Warrants attached to units [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of warrants exercised | 50,000 | ||||||
Net proceeds from warrants exercised | $ | $ 2,000 | ||||||
Number of warrants forfeited | 4,923,369 |
STOCK OPTIONS AND WARRANTS - Sc
STOCK OPTIONS AND WARRANTS - Schedule of weighted average assumptions for fair value of the options granted (Details) | 12 Months Ended |
Aug. 31, 2022 $ / shares | |
Share-based Payment Arrangement [Abstract] | |
Expected dividend yield | 0% |
Expected stock volatility | 202% |
Risk-free interest rate | 2.26% |
Expected life of options (years) | 5 years |
Expected forfeiture rate | 0% |
Grant date fair value per option | $ 0.05 |
STOCK OPTIONS AND WARRANTS - _2
STOCK OPTIONS AND WARRANTS - Schedule of summary of the changes in stock options (Details) - $ / shares | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Share-based Payment Arrangement [Abstract] | ||
Number of options, beginning of period | 9,900,000 | 10,076,776 |
Options outstanding, weighted average exercise price, beginning of period | $ 0.08 | $ 0.08 |
Number of options, issued | 3,500,000 | |
Weighted average exercise price of options issued | $ 0.07 | |
Number of options, expired | (1,750,000) | (3,450,000) |
Weighted average exercise price of options expired | $ 0.06 | $ 0.07 |
Number of options, exercised | (226,776) | |
Weighted average exercise price of options exercised | $ 0.04 | |
Number of options, end of period | 8,150,000 | 9,900,000 |
Options outstanding, weighted average exercise price, end of period | $ 0.09 | $ 0.08 |
Options outstanding and exercisable Remaining contractual life | 2 years 10 months 28 days |
STOCK OPTIONS AND WARRANTS - _3
STOCK OPTIONS AND WARRANTS - Schedule of options outstanding and exercisable (Details) - $ / shares | 12 Months Ended | ||
Aug. 31, 2023 | Aug. 31, 2022 | Aug. 31, 2021 | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Exercise prices | $ 0.09 | $ 0.08 | $ 0.08 |
Options outstanding and exercisable Number of shares | 8,150,000 | 9,900,000 | 10,076,776 |
Options outstanding and exercisable Remaining contractual life | 2 years 10 months 28 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 | 2 years 3 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 | 2 years 4 months 28 days | ||
February 4, 2021 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Feb. 04, 2021 | ||
Expiry Date | Feb. 04, 2026 | ||
Exercise prices | $ 0.18 | ||
Options outstanding and exercisable Number of shares | 100,000 | ||
Options outstanding and exercisable Remaining contractual life | 2 years 5 months 4 days | ||
February 5, 2021 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Feb. 05, 2021 | ||
Expiry Date | Feb. 05, 2026 | ||
Exercise prices | $ 0.18 | ||
Options outstanding and exercisable Number of shares | 300,000 | ||
Options outstanding and exercisable Remaining contractual life | 2 years 5 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 | 2 years 7 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 | 2 years 8 months 26 days | ||
September 01, 2021 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Sep. 01, 2021 | ||
Expiry Date | Sep. 01, 2026 | ||
Exercise prices | $ 0.08 | ||
Options outstanding and exercisable Number of shares | 500,000 | ||
Options outstanding and exercisable Remaining contractual life | 3 years 3 days | ||
December 6, 2021 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Dec. 06, 2021 | ||
Expiry Date | Dec. 06, 2026 | ||
Exercise prices | $ 0.07 | ||
Options outstanding and exercisable Number of shares | 1,000,000 | ||
Options outstanding and exercisable Remaining contractual life | 3 years 3 months 7 days | ||
August 18, 2022 [Member] | |||
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |||
Issue Date | Aug. 18, 2022 | ||
Expiry Date | Aug. 18, 2027 | ||
Exercise prices | $ 0.06 | ||
Options outstanding and exercisable Number of shares | 2,000,000 | ||
Options outstanding and exercisable Remaining contractual life | 3 years 11 months 19 days |
STOCK OPTIONS AND WARRANTS - _4
STOCK OPTIONS AND WARRANTS - Schedule of summary of warrants (Details) - $ / shares | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Share-based Payment Arrangement [Abstract] | ||
Number of warrants, Outstanding, Beginning of Period | 4,973,369 | 9,716,869 |
Weighted Average Exercise Price, Outstanding, Beginning of Period | $ 0.04 | $ 0.05 |
Number of warrants, Forfeited | (4,923,369) | (1,952,500) |
Weighted Average Exercise Price, Forfeited | $ 0.04 | $ 0.08 |
Number of warrants, Exercised | (50,000) | (291,000) |
Weighted Average Exercise Price, Exercised | $ 0.04 | $ 0.05 |
Number of warrants, Outstanding, End of Period | 0 | 4,973,369 |
Weighted Average Exercise Price, Outstanding, End of Period | $ 0 | $ 0.04 |
COMMITMENTS (Narrative) (Detail
COMMITMENTS (Narrative) (Details) | 12 Months Ended | ||
Aug. 31, 2023 CAD ($) | Sep. 01, 2023 USD ($) | Aug. 31, 2023 USD ($) | |
Other Commitments [Line Items] | |||
Monthly office rent | $ 1,155 | ||
President [Member] | |||
Other Commitments [Line Items] | |||
Corporate administration and consulting services per month/quarter plus goods and services tax | $ 9,500 | ||
Chief Financial Officer [Member] | |||
Other Commitments [Line Items] | |||
Corporate administration and consulting services per month/quarter plus goods and services tax | $ 5,000 | ||
Chief Financial Officer [Member] | Subsequent Event [Member] | |||
Other Commitments [Line Items] | |||
Corporate administration and consulting services per month/quarter plus goods and services tax | $ 7,500 |
PREPAID EXPENSES AND DEPOSITS -
PREPAID EXPENSES AND DEPOSITS - Schedule of prepaid expenses and deposits (Details) - USD ($) | Aug. 31, 2023 | Aug. 31, 2022 |
Prepaid Expenses & Deposits | ||
Advertising | $ 13,593 | $ 20,863 |
Clean Technology Expense | 5,400 | 71,000 |
Consultants | 8,000 | 24,540 |
Exploration costs | 28,400 | 9,077 |
Filing fees | 0 | 8,748 |
Insurance | 33,915 | 0 |
Office Expenses | 30 | 5,079 |
Total Prepaid Expenses & Deposits | $ 89,338 | $ 139,307 |
INCOME TAXES (Narrative) (Detai
INCOME TAXES (Narrative) (Details) - USD ($) | Aug. 31, 2023 | Aug. 31, 2022 |
Income Tax Disclosure [Abstract] | ||
Net operating loss carry forwards | $ 12,651,469 | $ 10,259,316 |
INCOME TAXES - Schedule of effe
INCOME TAXES - Schedule of effective income tax rate reconciliation (Details) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Income Tax Disclosure [Abstract] | ||
Income (loss) before taxes | $ (1,832,178) | $ 1,974,407 |
Statutory tax rate | 21% | 21% |
Expected income tax expense (recovery) | $ (384,757) | $ 414,625 |
Non-deductible items | 1,428 | 34,257 |
Change in enacted rates and other | 422,502 | (26,649) |
Change in valuation allowance | (39,173) | (422,234) |
Income tax expense (recovery) | $ 0 | $ 0 |
INCOME TAXES - Schedule of defe
INCOME TAXES - Schedule of deferred tax assets and liabilities (Details) - USD ($) | Aug. 31, 2023 | Aug. 31, 2022 |
Deferred Tax Assets Liability [Line Items] | ||
Net operating loss carry forwards | $ 2,734,816 | $ 2,154,456 |
Intangible assets | 29,590 | 0 |
Capital loss carry forwards | 1,605 | 4,526 |
Deferred tax assets, gross | 2,997,779 | 2,430,960 |
Valuation allowance | 2,977,779 | 2,430,960 |
Deferred tax assets (liabilities) | 0 | 0 |
Marketable securities [Member] | ||
Deferred Tax Assets Liability [Line Items] | ||
Deferred tax assets, other | 206,303 | 207,613 |
Mineral property [Member] | ||
Deferred Tax Assets Liability [Line Items] | ||
Deferred tax assets, other | $ 25,465 | $ 64,364 |
SEGMENTED INFORMATION (Narrativ
SEGMENTED INFORMATION (Narrative) (Details) | 12 Months Ended |
Aug. 31, 2023 Segment | |
Segment Reporting [Abstract] | |
Number of reportable segments | 3 |
SEGMENTED INFORMATION - Schedul
SEGMENTED INFORMATION - Schedule of long term assets (Details) - USD ($) | Aug. 31, 2023 | Aug. 31, 2022 |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long term Assets | $ 10,500 | $ 10,500 |
United States of America [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Long term Assets | $ 10,500 | $ 10,500 |
SEGMENTED INFORMATION - Sched_2
SEGMENTED INFORMATION - Schedule of reportable segments (Details) - USD ($) | 12 Months Ended | |
Aug. 31, 2023 | Aug. 31, 2022 | |
Segment Reporting Information [Line Items] | ||
Operating expenses | $ 1,224,585 | $ 1,566,235 |
Total Assets | 1,358,208 | 3,213,641 |
Operating Segments [Member] | ||
Segment Reporting Information [Line Items] | ||
Operating expenses | (1,224,585) | (1,566,235) |
Other income (expenses) | (607,593) | 3,540,642 |
Segment income (loss) | (1,832,178) | 1,974,407 |
Total Assets | 1,358,208 | 3,213,641 |
Operating Segments [Member] | Natural Resources [Member] | ||
Segment Reporting Information [Line Items] | ||
Operating expenses | (464,665) | (212,348) |
Other income (expenses) | 0 | 4,532,382 |
Segment income (loss) | (464,665) | 4,320,034 |
Total Assets | 10,500 | 10,500 |
Operating Segments [Member] | Technology [Member] | ||
Segment Reporting Information [Line Items] | ||
Operating expenses | (156,561) | (808,800) |
Other income (expenses) | 0 | 0 |
Segment income (loss) | (156,561) | (808,800) |
Total Assets | 0 | 0 |
Operating Segments [Member] | Corporate [Member] | ||
Segment Reporting Information [Line Items] | ||
Operating expenses | (603,359) | (545,087) |
Other income (expenses) | (607,593) | (991,740) |
Segment income (loss) | (1,210,952) | (1,536,827) |
Total Assets | $ 1,347,708 | $ 3,203,141 |