Discovery Energy (DENR) 10-K 6 Dec 22 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Feb. 28, 2022	Nov. 30, 2022	Aug. 31, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Feb. 28, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--02-28
Entity File Number	000-53520
Entity Registrant Name	DISCOVERY ENERGY CORP.
Entity Central Index Key	0001435387
Entity Tax Identification Number	98-0507846
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	One Riverway Drive
Entity Address, Address Line Two	Suite 1700
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77056
City Area Code	713
Local Phone Number	840-6495
Title of 12(b) Security	Common Stock, par value $.001 per share
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 7,698,886
Entity Common Stock, Shares Outstanding		154,365,396
ICFR Auditor Attestation Flag	false
Auditor Firm ID	688
Auditor Name	Marcum LLP
Auditor Location	Houston, Texas

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Feb. 28, 2022	Feb. 28, 2021
Current Assets
Cash	$ 5,242	$ 9,752
Prepaid expenses	17,847	7,909
Tax receivable	26	14
Total Current Assets	23,115	17,675
Oil and gas property – not subject to amortization (successful efforts method)	2,883,915	2,883,915
Other assets	35,910	39,145
Total Assets	2,942,940	2,940,735
Current Liabilities
Accounts payable and accrued liabilities	4,398,839	3,322,321
Accounts payable – related parties, net	1,988,230	1,273,030
Notes payable	4,131
Total Current Liabilities	6,391,200	4,595,351
Notes payable, less current portion	120,000	118,750
Convertible debentures payable, net of debt discount	5,917,745	5,394,596
Total Liabilities	12,428,945	10,108,697
Commitments and Contingencies (Note 8)
Shareholders’ Deficit
Preferred stock – 10,000,000 shares authorized, zero issued and outstanding
Common stock – 500,000,000 shares authorized, $0.001 par value – 154,365,396 shares issued and outstanding	154,365	154,365
Additional paid-in capital	24,199,651	24,199,651
Accumulated other comprehensive income	156,834	139,760
Accumulated deficit	(33,996,855)	(31,661,738)
Total Shareholders’ Deficit	(9,486,005)	(7,167,962)
Total Liabilities and Shareholders’ Deficit	$ 2,942,940	$ 2,940,735

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Feb. 28, 2022	Feb. 28, 2021
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	154,365,396	154,365,396
Common stock, shares outstanding	154,365,396	154,365,396

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Operating Expenses
General and administrative	$ 1,185,161	$ 3,718,698
Exploration costs	4,813	36,600
Total operating expenses	1,189,974	3,755,298
Operating loss	(1,189,974)	(3,755,298)
Other Income (Expense)
Interest expense	(1,246,866)	(2,328,346)
Gain on forgiveness of PPP loan	101,723
Miscellaneous income		8
Gain on foreign currency transactions		(77)
Other expenses	(1,145,143)	(2,328,415)
Net loss	$ (2,335,117)	$ (6,083,713)
Loss per common share – basic and diluted	$ (0.02)	$ (0.04)
Weighted average number of common shares outstanding – basic and diluted	154,365,396	154,239,780
Comprehensive Income (Loss)
Net loss	$ (2,335,117)	$ (6,083,713)
Other comprehensive income (loss) – gain on foreign currency translation	17,074	(14,439)
Total comprehensive loss	$ (2,318,043)	$ (6,098,152)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Deficit - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Feb. 29, 2020	$ 153,840	$ 20,447,198	$ (25,578,025)	$ 154,199	$ (4,822,788)
Beginning balance, shares at Feb. 29, 2020	153,840,396
Debt discount from warrants		942,812			942,812
Warrant modification expense		2,710,166			2,710,166
Sale of common stock	$ 525	99,475			100,000
Sale of common stock, shares	525,000
Net loss for the year			(6,083,713)		(6,083,713)
Gain on foreign currency translation				(14,439)	(14,439)
Ending balance, value at Feb. 28, 2021	$ 154,365	24,199,651	(31,661,738)	139,760	(7,167,962)
Ending balance, shares at Feb. 28, 2021	154,365,396
Net loss for the year			(2,335,117)		(2,335,117)
Gain on foreign currency translation				17,074	17,074
Ending balance, value at Feb. 28, 2022	$ 154,365	$ 24,199,651	$ (33,996,855)	$ 156,834	$ (9,486,005)
Ending balance, shares at Feb. 28, 2022	154,365,396

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Cash flows from operating activities
Net loss	$ (2,335,117)	$ (6,083,713)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount	448,149	1,592,604
Gain on forgiveness of PPP loan	(101,723)
Warrant modification expense		2,710,166
Foreign currency transaction loss		77
Changes in operating assets and liabilities:
Prepaid expenses	(9,938)	26,571
Tax receivable	(12)	610
Accounts payable and accrued liabilities	1,074,845	1,092,380
Accounts payable – related party, net	715,200	458,631
Net cash used in operating activities	(208,596)	(202,674)
Cash flows from financing activities
Proceeds from borrowings on notes payable	120,000	118,750
Proceeds from sale of common stock		100,000
Proceeds from borrowings on convertible debt	75,000
Payments on borrowings of promissory notes	(7,988)
Net cash flows provided by financing activities	187,012	218,750
Effect of foreign currency translation on cash	17,074	(14,439)
Change in cash during the period	(4,510)	1,637
Cash, beginning of the year	9,752	8,115
Cash, end of the year	5,242	9,752
Supplemental disclosures:
Interest paid	1,692
Income taxes paid
Noncash investing and financing activities:
Warrants granted from debt modification		$ 942,812

Nature of Operations

Nature of Operations	12 Months Ended
	Feb. 28, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	1. Nature of Operations The principal business of Discovery Energy Corp. (“Company”) is the exploration and development of the 584,651 914 100

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Feb. 28, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying audited interim consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the rules of the U.S. Securities and Exchange Commission (“SEC”). Principles of Consolidation These consolidated financial statements include the accounts of the Company and the Subsidiary. Inter-company transactions and balances have been eliminated upon consolidation. Use of Estimates The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of these financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of acquisition to be cash equivalents. The Company maintains its cash in bank accounts which, at times, may exceed federally insured limits as guaranteed by the Federal Deposit Insurance Corporation. As of February 28, 2022, approximately $ 5,200 There were no cash equivalents as of February 28, 2022 Leases The Company’s lease consists primarily of office spaces on a month-to-month basis. The Company recognize office lease expense as incurred. Oil and Gas Property and Exploration Costs The Company is in the exploration stage of evaluating the Prospect and has not yet realized any revenues from its operations. It applies the successful efforts method of accounting for crude oil and natural gas properties. Under this method, exploration costs such as exploratory geological and geophysical costs, delay rentals and exploratory overhead are expensed as incurred. Costs to acquire mineral interests in crude oil and/or natural gas properties, drill and equip exploratory wells that find proved reserves and drill and equip development wells are capitalized. Acquisition costs of unproved leaseholds are assessed for impairment during the holding period and transferred to proven crude oil and/or natural gas properties to the extent associated with successful exploration activities. Significant undeveloped leases are assessed individually for impairment, based on the Company’s current exploration plans, and a valuation allowance is provided if impairment is indicated. Capitalized costs from successful exploration and development activities associated with producing crude oil and/or natural gas leases, along with capitalized costs for support equipment and facilities, are amortized to expense using the unit-of-production method based on proved crude oil and/or natural gas reserves on a field-by-field basis, as estimated by qualified petroleum engineers. Long-lived Assets The carrying values of long-lived assets are reviewed on a regular basis for the existence of facts or circumstances that may suggest impairment. 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. For the years ended February 28, 2022 and February 28, 2021, no impairment was incurred. Income Taxes Deferred income taxes are reported for timing differences between items of income or expense reported in these financial statements and those reported for income tax purposes. The Company uses the asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases, and for tax loss and credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company provides a valuation allowance for deferred taxes for the estimated future tax effects attributable to temporary differences and carry-forwards when realization is not more likely than not. The Company accounts for uncertain income tax positions by recognizing in the financial statements, the impact of a tax position, if that position is more likely than not of being sustained on examination by taxation authorities, based on the technical merits of the position. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. Once it is determined that the position meets the recognition threshold, the second step requires us to estimate and measure the largest amount of tax benefit that is more likely than not to be realized upon ultimate settlement. The difference between the amount of recognizable tax benefit and the total amount of tax benefit from positions filed or to be filed with the tax authorities is recorded as a liability for uncertain tax benefits. It is inherently difficult and subjective to estimate such amounts, as the Company has to determine the probability of various possible outcomes. The Company reevaluates uncertain tax positions on a quarterly basis. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit and new audit activity. Such a change in recognition or measurement could result in the recognition of a tax benefit or an additional charge to the tax provision. Foreign Currency Translation The Company’s functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated using exchange rates prevailing at the balance sheet date. Non-monetary assets are translated at historical exchange rates, and revenue and expense items at average rates of exchange prevailing during the period. Differences resulting from translation are presented in equity as accumulated other comprehensive income (loss). Gains and losses arising on settlement of foreign currency denominated transactions or balances are included in the determination of income. Foreign currency transactions are primarily undertaken in Canadian and Australian dollars. The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations. Fair Value Considerations Historically, the Company followed Accounting Standards Codification (“ASC”) 820, “ Fair Value Measurements and Disclosures There are three levels of inputs to fair value measurements - Level 1, meaning the use of quoted prices for identical instruments in active markets; Level 2, meaning the use of quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or are directly or indirectly observable; and Level 3, meaning the use of unobservable inputs. The Company uses Level 1 inputs for its fair value measurements whenever there is an active market, with actual quotes, market prices, and observable inputs on the measurement date. The Company uses Level 2 inputs for fair value measurements whenever there are quoted prices for similar securities in an active market or quoted prices for identical securities in an inactive market. The Company uses observable market data whenever available. In accordance with ASC 480-10-25 “ Liabilities-Distinguishing Liabilities from Equity” Loss Per Share Basic Earnings Per Share (“EPS”) is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used to determine the number of shares assumed to be purchased from the exercise of stock options and/or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. For the years ended February 28, 2022 and February 28, 2021, the following share equivalents related to convertible debt and warrants to purchase shares of common stock were excluded from the computation of diluted net loss per share, as the inclusion of such shares would be anti-dilutive. Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share Year Ended Year Ended Common Shares Issuable for: February 28, 2022 February 28, 2021 Convertible debt 63,965,227 58,650,448 Stock warrants 27,877,058 27,877,058 Common shares excluded from computation of diluted net loss per share 91,842,285 86,527,506 Comprehensive Income (Loss) The Company recognizes currency translation adjustments as a component of comprehensive income (loss). Recent Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangible Goodwill and Other (Topic 350). ASU 2017-04 is intended to simplify how all entities assess goodwill for impairment by eliminating Step 2 from the goodwill impairment test. As amended, the goodwill impairment test will consist of one step comparing the fair value of a reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The Company adopted this guidance on March 1, 2022 and there was no significant impact to the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 is intended to simplify accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and amends existing guidance to improve consistent application. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. The Company adopted this guidance on March 1, 2021 and there was no significant impact to the Company’s consolidated financial statements. In August 2020, the FASB issued ASU No. 2020-06. ASU 2020-06 is intended to simplify accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 and interim periods within those fiscal years. The Company is currently evaluating and assessing the impact this guidance will have on its consolidated financial statements. In May 2021, the FASB issued ASU No. 2021-04. ASU 2021-04 requires issuers to account for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after the modification or exchange based on the economic substance of the modification or exchange. ASU 2021-04 is effective for fiscal years beginning after December 15, 2021 and interim periods within those fiscal years. The Company is currently evaluating and assessing the impact this guidance will have on its consolidated financial statements. The Company does not anticipate that the adoption of other recently issued accounting pronouncements will have a significant impact on its financial statements.

Going Concern

Going Concern	12 Months Ended
	Feb. 28, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	3. Going Concern These financial statements were prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated revenues since inception, and is unlikely to generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the ability of the Company to obtain necessary equity or debt financing to continue operations, successfully develop the Prospect and/or obtain producing properties, with a goal of attaining profitable operations. The Company is currently attempting to complete a significant financing, and in this connection might (a) place a significant amount of additional debentures similar to those described below, (b) secure an alternative financing arrangement, possibly involving the Company’s equity securities, or (c) some combination of (a) and (b). The Company has no assurance that it will be able to raise significant additional funds to develop the Prospect or the additional funds needed for general corporate purposes. As of February 28, 2022, the Company had not generated any revenues and had an accumulated loss of $ 33,996,855 5,200 The current COVID-19 pandemic could continue to, and future similar epidemics or pandemics could also, materially and adversely impact our ability to finance and conduct the Company’s business once it becomes operational and could materially and adversely impact its operations, funding, and/or financial performance. The COVID-19 pandemic has had no material impact on the Company’s current business activities which are primarily focused on compliance and fund-raising tasks. The Company has had and continues to have the same staff, same service providers and same processes as was the case prior to the pandemic.

Oil and Gas Properties

Oil and Gas Properties	12 Months Ended
	Feb. 28, 2022
Extractive Industries [Abstract]
Oil and Gas Properties	4. Oil and Gas Properties The License covers 584,651 914 100 On October 26, 2012, a 100 On May 19, 2014, the Company received notice from the Government of South Australia that it had issued certain modifications to the License and had suspended the License for a period of six months the Company is required to drill 7 62 100 155 250 193 500 154 400 39 100 77 200 77 200 On June 22, 2016, the Company terminated the February 2016 License suspension in preparation for a 3D seismic survey (the “ Nike Survey 69 179 In July 2017, the License suspension was lifted in order to conduct a Work Area Clearance Survey (“ WAC * Year 3 ending January 28, 2023 - Shoot 3D seismic data totaling at a minimum approximately 135 sq. miles (350 sq. km.). * Year 4 ending January 29, 2024 - Drill three wells. * Year 5 ending January 28, 2025 - Drill four wells. While the Company has to date been successful in obtaining such extensions, it has no assurance that any further extensions will be obtained. In four transactions, the Company acquired portions of the royalty interest associated with the PEL 512 License so that the Company now owns an aggregate 5.0 7.0 2.0

Related Party Transactions

Related Party Transactions	12 Months Ended
	Feb. 28, 2022
Related Party Transactions [Abstract]
Related Party Transactions	5. Related Party Transactions As of February 28, 2022 and February 28, 2021, the Company owed $ 1,988,230 1,273,030

Notes Payable

Notes Payable	12 Months Ended
	Feb. 28, 2022
Debt Disclosure [Abstract]
Notes Payable	6. Notes Payable In connection with the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security Act, on April 27, 2020 and March 3, 2021 the Company borrowed $ 118,750 120,000 1 April 27, 2022 March 3, 2026 1,190 1,002 100,448 1,275 101,723 4,131 2,068 1,700 No

Convertible Debentures Payable

Convertible Debentures Payable	12 Months Ended
	Feb. 28, 2022
Debt Disclosure [Abstract]
Convertible Debentures Payable	7. Convertible Debentures Payable From May 27, 2016 through May 16, 2018, the Company issued eleven rounds (I thru XI) of senior secured convertible debentures, the proceeds of which have funded the initial Nike Survey with respect to the Prospect, the interpretation of seismic data acquired, expenses associated with the Nike Survey, costs associated with the debenture issuances, and general and administrative expenses. The debentures are secured by virtually all of the Company’s assets owned, directly or indirectly, but for the License. As discussed elsewhere, the Company may in the future sell additional senior secured convertible debentures having the same terms as those currently outstanding. The Maturity Date of the Debentures was extended to December 31, 2023 During the year ended February 28, 2022, the Company received gross proceeds of $ 75,000 The senior secured convertible debenture was issued on November 10, 2021 with a maturity date of December 31, 2023 Schedule of Convertible Debentures Payable Round Issue Date Maturity Date Interest Rate Conversion Price Principal Amount Debt Discount Debentures, net of Debt Discount Outstanding as of February 28, 2021: I May 27, 2016 December 31, 2023 8 % $ 0.16 $ 3,500,000 $ 3,500,000 II Aug 16, 2016 December 31, 2023 8 % $ 0.16 200,000 199,999 Aug 16, 2016 December 31, 2023 8 % $ 0.16 250,000 250,000 III Dec 30, 2016 December 31, 2023 8 % $ 0.16 287,500 237,587 IV Feb 15, 2017 December 31, 2023 8 % $ 0.16 1,000,000 1,000,000 V Mar 31,2017 December 31, 2023 8 % $ 0.20 200,000 200,000 VI Jul 5, 2017 December 31, 2023 8 % $ 0.20 137,500 137,500 Jul 5, 2017 December 31, 2023 8 % $ 0.16 150,000 150,000 VII Sept 19, 2017 December 31, 2023 8 % $ 0.16 400,000 400,000 Sept 19, 2017 December 31, 2023 8 % $ 0.16 100,000 82,125 VIII Oct 10, 2017 December 31, 2023 8 % $ 0.20 137,500 72,806 IX Jan 3, 2018 December 31, 2023 8 % $ 0.20 137,500 137,500 X April 2, 2018 December 31, 2023 8 % $ 0.20 137,500 137,500 XI May 16, 2018 December 31, 2023 8 % $ 0.20 212,500 212,500 Debt discount from warrant grant from debt modification 942,812 Amortized discount as of February 28, 2021 (6,204,925 ) Balance as of February 28, 2021 6,850,000 1,455,404 $ 5,394,596 Activity for the year ended February 28, 2022: XII Nov 10, 2021 December 31, 2023 8 % $ 0.16 75,000 Amortization of discount for the year ended February 28, 2022 (448,149 ) Balance as of February 28, 2022 $ 6,925,000 $ 1,007,255 $ 5,917,745 The preceding table does not reflect two additional Debentures issued after February 28, 2022. See the footnote captioned “11. Subsequent Events” below. The Company recognized $ 448,149 1,592,604 795,991 733,681 8

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Feb. 28, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Office Lease The Company leases virtual office space in Houston, Texas, on a month-to-month basis for $ 193 175 500 During the year ended February 28, 2022 and February 28, 2021, the Company incurred office lease expense of $ 8,623 8,602

Income Taxes

Income Taxes	12 Months Ended
	Feb. 28, 2022
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes The following table reconciles the U.S. federal statutory income tax rate in effect for the years ended February 28, 2022, February 28, 2021, and the Company’s effective tax rate: Schedule of Reconciliation of Effective Income Tax Rate Year Ended February 28, 2022 Year Ended February 28, 2021 U.S. federal statutory income tax $ (490,375 ) $ (1,240,198 ) PPP loan forgiveness (21,362 ) - Meals & Entertainment 46 3,947 Stock expense related to warrant modifications - 569,135 True-up of prior year permanent items - 417,242 Change in valuation allowance 511,691 249,874 Effective income tax rate $ - $ - The significant components of deferred income tax assets and (liabilities ) Schedule of Components of Deferred Income Tax Assets February 28, 2022 February 28, 2021 Capitalized geological/geophysical & other intangibles $ 2,848 $ 8,285 Debt discount & related amortization 744,577 486,060 Federal net operating loss 1,967,758 1,709,147 Less: valuation allowance (2,715,183 ) (2,203,492 ) Net deferred tax asset $ - $ - The amount taken into income as deferred income tax assets must reflect that portion that is more likely-than-not to be realized from future operations. The Company has chosen to provide a full valuation allowance against net deferred tax assets. The Company has recognized a valuation allowance for the net deferred income tax asset since the Company cannot be assured that it is more likely than not that such benefit will be utilized in future years. The valuation allowance is reviewed annually. When circumstances change and which cause a change in management’s judgment about the realize-ability of deferred income tax assets, the impact of the change on the valuation allowance is generally reflected in current income. The Company’s policy is to recognize interest and penalties accrued on any unrecognized tax benefits as a component of income tax expense. Management has considered the likelihood and significance of possible penalties associated with its current and intended filing positions and has determined, based on their assessment, that such penalties, if any, would not be expected to be material. No provision for income taxes has been provided in these financial statements due to the net loss for the years ended February 28, 2022 and February 28, 2021. An NOL carryforward of $ 9,370,277 has accumulated as of February 28, 2022 with portions beginning to expire in 2032 , of which under the CARES Act a portion can be carried back up to five years but also, can be carried forward indefinitely, limited to 80% of a given year’s taxable income . Since 2018, the accumulated total that can be carried forward indefinitely amount to $ 5,431,958

Shareholders_ Deficit

Shareholders’ Deficit	12 Months Ended
	Feb. 28, 2022
Equity [Abstract]
Shareholders’ Deficit	10. Shareholders’ Deficit The Company received gross proceeds of $ 100,000 500,000 0.20 6,250 25,000 0.25 25,000 Warrants Pursuant to debenture agreements dated May 27, 2016 and August 16, 2016, warrants to purchase 13,875,000 May 27, 2019 July 27, 2019 365,000 2.35 2 80 zero December 31, 2019 371,000 2.1 5 80 zero February 29, 2020 26,000 1.48 2 80 zero August 31, 2020 340,000 1.11 6 100 zero February 28, 2021 559,000 0.105 6 76 zero Pursuant to debenture agreements dated February 15, 2017, warrants to purchase 3,750,000 February 15, 2020 August 31, 2020 82,000 1.55 6.5 101 zero February 28, 2021 151,000 0.105 6 76 zero Pursuant to a debenture agreement dated September 19, 2017, warrants to purchase 1,500,000 September 19, 2020 February 28, 2021 60,000 0.105 6 76 zero Pursuant to debenture agreements dated May 27, 2016, August 16, 2016, February 10, 2017, and September 19, 2017, warrants to purchase 19,125,000 May 27, 2021 December 31, 2023 1,940,278 0.17 35 152 zero On February 4, 2021, the Termination Date of the then outstanding Warrants was also extended to December 31, 2023. In connection with this extension, the Company agreed to issue to the Original Purchaser 8,752,058 0.20 942,812 0.17 35 152 zero No expense was recorded by the Company for the incremental fair value of the warrants due to the early adoption of ASU 2017-11 as noted in Footnote 2. Warrant activity during the year ended February 28, 2021 and February 29, 2020 is as follows: Summary of Warrant Activity Number of Warrants Weighted Weighted Outstanding at February 28, 2021 27,877,058 $ 0.20 2.84 Warrants awarded - Expired/Cancelled - Outstanding and exercisable as of February 28, 2022 27,877,058 $ 0.20 1.80 The intrinsic value of warrants outstanding at February 28, 2022 and February 28, 2021 was $- 0

Subsequent Events

Subsequent Events	12 Months Ended
	Feb. 28, 2022
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events The Company has evaluated all transactions through the date the consolidated financial statements were issued for subsequent event disclosure consideration. On June 8, 2022 the Company received gross proceeds of $ 50,000 On July 21, 2022 the Company received gross proceeds of $ 50,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Feb. 28, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying audited interim consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the rules of the U.S. Securities and Exchange Commission (“SEC”).
Principles of Consolidation	Principles of Consolidation These consolidated financial statements include the accounts of the Company and the Subsidiary. Inter-company transactions and balances have been eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of these financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments with a maturity of three months or less at the time of acquisition to be cash equivalents. The Company maintains its cash in bank accounts which, at times, may exceed federally insured limits as guaranteed by the Federal Deposit Insurance Corporation. As of February 28, 2022, approximately $ 5,200 There were no cash equivalents as of February 28, 2022
Leases	Leases The Company’s lease consists primarily of office spaces on a month-to-month basis. The Company recognize office lease expense as incurred.
Oil and Gas Property and Exploration Costs	Oil and Gas Property and Exploration Costs The Company is in the exploration stage of evaluating the Prospect and has not yet realized any revenues from its operations. It applies the successful efforts method of accounting for crude oil and natural gas properties. Under this method, exploration costs such as exploratory geological and geophysical costs, delay rentals and exploratory overhead are expensed as incurred. Costs to acquire mineral interests in crude oil and/or natural gas properties, drill and equip exploratory wells that find proved reserves and drill and equip development wells are capitalized. Acquisition costs of unproved leaseholds are assessed for impairment during the holding period and transferred to proven crude oil and/or natural gas properties to the extent associated with successful exploration activities. Significant undeveloped leases are assessed individually for impairment, based on the Company’s current exploration plans, and a valuation allowance is provided if impairment is indicated. Capitalized costs from successful exploration and development activities associated with producing crude oil and/or natural gas leases, along with capitalized costs for support equipment and facilities, are amortized to expense using the unit-of-production method based on proved crude oil and/or natural gas reserves on a field-by-field basis, as estimated by qualified petroleum engineers.
Long-lived Assets	Long-lived Assets The carrying values of long-lived assets are reviewed on a regular basis for the existence of facts or circumstances that may suggest impairment. 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. For the years ended February 28, 2022 and February 28, 2021, no impairment was incurred.
Income Taxes	Income Taxes Deferred income taxes are reported for timing differences between items of income or expense reported in these financial statements and those reported for income tax purposes. The Company uses the asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases, and for tax loss and credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The Company provides a valuation allowance for deferred taxes for the estimated future tax effects attributable to temporary differences and carry-forwards when realization is not more likely than not. The Company accounts for uncertain income tax positions by recognizing in the financial statements, the impact of a tax position, if that position is more likely than not of being sustained on examination by taxation authorities, based on the technical merits of the position. The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. Once it is determined that the position meets the recognition threshold, the second step requires us to estimate and measure the largest amount of tax benefit that is more likely than not to be realized upon ultimate settlement. The difference between the amount of recognizable tax benefit and the total amount of tax benefit from positions filed or to be filed with the tax authorities is recorded as a liability for uncertain tax benefits. It is inherently difficult and subjective to estimate such amounts, as the Company has to determine the probability of various possible outcomes. The Company reevaluates uncertain tax positions on a quarterly basis. This evaluation is based on factors including, but not limited to, changes in facts or circumstances, changes in tax law, effectively settled issues under audit and new audit activity. Such a change in recognition or measurement could result in the recognition of a tax benefit or an additional charge to the tax provision.
Foreign Currency Translation	Foreign Currency Translation The Company’s functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated using exchange rates prevailing at the balance sheet date. Non-monetary assets are translated at historical exchange rates, and revenue and expense items at average rates of exchange prevailing during the period. Differences resulting from translation are presented in equity as accumulated other comprehensive income (loss). Gains and losses arising on settlement of foreign currency denominated transactions or balances are included in the determination of income. Foreign currency transactions are primarily undertaken in Canadian and Australian dollars. The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.
Fair Value Considerations	Fair Value Considerations Historically, the Company followed Accounting Standards Codification (“ASC”) 820, “ Fair Value Measurements and Disclosures There are three levels of inputs to fair value measurements - Level 1, meaning the use of quoted prices for identical instruments in active markets; Level 2, meaning the use of quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or are directly or indirectly observable; and Level 3, meaning the use of unobservable inputs. The Company uses Level 1 inputs for its fair value measurements whenever there is an active market, with actual quotes, market prices, and observable inputs on the measurement date. The Company uses Level 2 inputs for fair value measurements whenever there are quoted prices for similar securities in an active market or quoted prices for identical securities in an inactive market. The Company uses observable market data whenever available. In accordance with ASC 480-10-25 “ Liabilities-Distinguishing Liabilities from Equity”
Loss Per Share	Loss Per Share Basic Earnings Per Share (“EPS”) is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used to determine the number of shares assumed to be purchased from the exercise of stock options and/or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. For the years ended February 28, 2022 and February 28, 2021, the following share equivalents related to convertible debt and warrants to purchase shares of common stock were excluded from the computation of diluted net loss per share, as the inclusion of such shares would be anti-dilutive. Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share Year Ended Year Ended Common Shares Issuable for: February 28, 2022 February 28, 2021 Convertible debt 63,965,227 58,650,448 Stock warrants 27,877,058 27,877,058 Common shares excluded from computation of diluted net loss per share 91,842,285 86,527,506
Comprehensive Income (Loss)	Comprehensive Income (Loss) The Company recognizes currency translation adjustments as a component of comprehensive income (loss).
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangible Goodwill and Other (Topic 350). ASU 2017-04 is intended to simplify how all entities assess goodwill for impairment by eliminating Step 2 from the goodwill impairment test. As amended, the goodwill impairment test will consist of one step comparing the fair value of a reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The Company adopted this guidance on March 1, 2022 and there was no significant impact to the Company’s consolidated financial statements. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. ASU 2019-12 is intended to simplify accounting for income taxes by removing certain exceptions to the general principles in Topic 740 and amends existing guidance to improve consistent application. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020 and interim periods within those fiscal years. The Company adopted this guidance on March 1, 2021 and there was no significant impact to the Company’s consolidated financial statements. In August 2020, the FASB issued ASU No. 2020-06. ASU 2020-06 is intended to simplify accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 and interim periods within those fiscal years. The Company is currently evaluating and assessing the impact this guidance will have on its consolidated financial statements. In May 2021, the FASB issued ASU No. 2021-04. ASU 2021-04 requires issuers to account for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after the modification or exchange based on the economic substance of the modification or exchange. ASU 2021-04 is effective for fiscal years beginning after December 15, 2021 and interim periods within those fiscal years. The Company is currently evaluating and assessing the impact this guidance will have on its consolidated financial statements. The Company does not anticipate that the adoption of other recently issued accounting pronouncements will have a significant impact on its financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Feb. 28, 2022
Accounting Policies [Abstract]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	For the years ended February 28, 2022 and February 28, 2021, the following share equivalents related to convertible debt and warrants to purchase shares of common stock were excluded from the computation of diluted net loss per share, as the inclusion of such shares would be anti-dilutive. Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share Year Ended Year Ended Common Shares Issuable for: February 28, 2022 February 28, 2021 Convertible debt 63,965,227 58,650,448 Stock warrants 27,877,058 27,877,058 Common shares excluded from computation of diluted net loss per share 91,842,285 86,527,506

Convertible Debentures Payable

Convertible Debentures Payable (Tables)	12 Months Ended
	Feb. 28, 2022
Debt Disclosure [Abstract]
Schedule of Convertible Debentures Payable	Schedule of Convertible Debentures Payable Round Issue Date Maturity Date Interest Rate Conversion Price Principal Amount Debt Discount Debentures, net of Debt Discount Outstanding as of February 28, 2021: I May 27, 2016 December 31, 2023 8 % $ 0.16 $ 3,500,000 $ 3,500,000 II Aug 16, 2016 December 31, 2023 8 % $ 0.16 200,000 199,999 Aug 16, 2016 December 31, 2023 8 % $ 0.16 250,000 250,000 III Dec 30, 2016 December 31, 2023 8 % $ 0.16 287,500 237,587 IV Feb 15, 2017 December 31, 2023 8 % $ 0.16 1,000,000 1,000,000 V Mar 31,2017 December 31, 2023 8 % $ 0.20 200,000 200,000 VI Jul 5, 2017 December 31, 2023 8 % $ 0.20 137,500 137,500 Jul 5, 2017 December 31, 2023 8 % $ 0.16 150,000 150,000 VII Sept 19, 2017 December 31, 2023 8 % $ 0.16 400,000 400,000 Sept 19, 2017 December 31, 2023 8 % $ 0.16 100,000 82,125 VIII Oct 10, 2017 December 31, 2023 8 % $ 0.20 137,500 72,806 IX Jan 3, 2018 December 31, 2023 8 % $ 0.20 137,500 137,500 X April 2, 2018 December 31, 2023 8 % $ 0.20 137,500 137,500 XI May 16, 2018 December 31, 2023 8 % $ 0.20 212,500 212,500 Debt discount from warrant grant from debt modification 942,812 Amortized discount as of February 28, 2021 (6,204,925 ) Balance as of February 28, 2021 6,850,000 1,455,404 $ 5,394,596 Activity for the year ended February 28, 2022: XII Nov 10, 2021 December 31, 2023 8 % $ 0.16 75,000 Amortization of discount for the year ended February 28, 2022 (448,149 ) Balance as of February 28, 2022 $ 6,925,000 $ 1,007,255 $ 5,917,745

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Feb. 28, 2022
Income Tax Disclosure [Abstract]
Schedule of Reconciliation of Effective Income Tax Rate	The following table reconciles the U.S. federal statutory income tax rate in effect for the years ended February 28, 2022, February 28, 2021, and the Company’s effective tax rate: Schedule of Reconciliation of Effective Income Tax Rate Year Ended February 28, 2022 Year Ended February 28, 2021 U.S. federal statutory income tax $ (490,375 ) $ (1,240,198 ) PPP loan forgiveness (21,362 ) - Meals & Entertainment 46 3,947 Stock expense related to warrant modifications - 569,135 True-up of prior year permanent items - 417,242 Change in valuation allowance 511,691 249,874 Effective income tax rate $ - $ -
Schedule of Components of Deferred Income Tax Assets	The significant components of deferred income tax assets and (liabilities ) Schedule of Components of Deferred Income Tax Assets February 28, 2022 February 28, 2021 Capitalized geological/geophysical & other intangibles $ 2,848 $ 8,285 Debt discount & related amortization 744,577 486,060 Federal net operating loss 1,967,758 1,709,147 Less: valuation allowance (2,715,183 ) (2,203,492 ) Net deferred tax asset $ - $ -

Shareholders_ Deficit (Tables)

Shareholders’ Deficit (Tables)	12 Months Ended
	Feb. 28, 2022
Equity [Abstract]
Summary of Warrant Activity	Warrant activity during the year ended February 28, 2021 and February 29, 2020 is as follows: Summary of Warrant Activity Number of Warrants Weighted Weighted Outstanding at February 28, 2021 27,877,058 $ 0.20 2.84 Warrants awarded - Expired/Cancelled - Outstanding and exercisable as of February 28, 2022 27,877,058 $ 0.20 1.80

Nature of Operations (Details N

Nature of Operations (Details Narrative)	12 Months Ended
	Feb. 28, 2022 a mi²	May 31, 2012
Restructuring Cost and Reserve [Line Items]
Proposed area for exploration and development | a	584,651
Proposed area for exploration and development, in miles | mi²	914
Discovery Energy SA Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Working interest owned by company, percentage	100%	100%

Schedule of Antidilutive Securi

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares excluded from computation of diluted net loss per share	91,842,285	86,527,506
Convertible Debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares excluded from computation of diluted net loss per share	63,965,227	58,650,448
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common shares excluded from computation of diluted net loss per share	27,877,058	27,877,058

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	Feb. 28, 2022 USD ($)
Accounting Policies [Abstract]
Uninsured cash balance	$ 5,200

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Feb. 28, 2022	Feb. 28, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 33,996,855	$ 31,661,738
Cash	$ 5,200

Oil and Gas Properties (Details

Oil and Gas Properties (Details Narrative)					12 Months Ended
	Jun. 22, 2016 km² mi²	May 19, 2014 km² mi² Integer	May 18, 2014 km²	Oct. 26, 2012	Feb. 28, 2022 a mi²	May 31, 2012
Reserve Quantities [Line Items]
Principal business, proposed exploration and development area | a					584,651
Principal business, proposed exploration and development area, miles | mi²					914
License interest, percentage				100%
Period of suspension of license		6 months
Wells in process of drilling description		the Company is required to drill 7 exploratory wells rather than 12, as originally required. The 7 required wells must be drilled in years 3, 4, and 5 (2, 2, and 3 wells, respectively). The amount of required 2D seismic was also reduced to 62 miles (100 km.) in year 3 from 155 miles (250 km.) in year 2 but the total 3D seismic work guarantee increased to 193 sq. miles (500 sq. km.) from 154 sq. miles (400 sq. km.). However, the 3D seismic survey requirement is spread over three years with 39 sq. miles (100 sq. km.) in year 2, 77 sq. miles (200 sq. km.) in year 3 and 77 sq. miles (200 sq. km.) in year 4
Number of exploratory wells required to be drilled under license | Integer		7
3D seismic survey work required to be completed (Sq.miles)		193	154
3D seismic survey work required to be completed (Sq.km) | km²		500	400
Area in terminated license suspension description	the Company terminated the February 2016 License suspension in preparation for a 3D seismic survey (the “Nike Survey”) that was comprised of approximately 69 sq. miles (179 sq. km.) on the southwest portion of the Prospect
Area in terminated license suspension | mi²	69
Area in terminated license suspension (in Square Kilometers) | km²	179
Royalty [Member]
Reserve Quantities [Line Items]
Total acquired percentage of overriding royalty interest in acquisition					5%
Royalty [Member] | Previous Holders [Member]
Reserve Quantities [Line Items]
Original owner's percentage of overriding royalty interest in acquisition					7%
Original owner's remaining percentage of overriding royalty interest in acquisition					2%
2D Seismic Survey [Member] | Year 3 [Member]
Reserve Quantities [Line Items]
2D seismic survey work required to be completed (Sq.miles) | mi²		62
2D seismic survey work required to be completed (in Square Kilometers) | km²		100
2D Seismic Survey [Member] | Year 2 [Member]
Reserve Quantities [Line Items]
2D seismic survey work required to be completed (Sq.miles) | mi²		155
2D seismic survey work required to be completed (in Square Kilometers) | km²		250
3D Seismic Survey [Member] | Year 3 [Member]
Reserve Quantities [Line Items]
3D seismic survey work required to be completed (Sq.miles) | mi²		77
3D seismic survey work required to be completed (Sq.km) | km²		200
3D Seismic Survey [Member] | Year 2 [Member]
Reserve Quantities [Line Items]
3D seismic survey work required to be completed (Sq.miles) | mi²		39
3D seismic survey work required to be completed (Sq.km) | km²		100
3D Seismic Survey [Member] | Year 4 [Member]
Reserve Quantities [Line Items]
3D seismic survey work required to be completed (Sq.miles) | mi²		77
3D seismic survey work required to be completed (Sq.km) | km²		200
Discovery Energy SA Ltd [Member]
Reserve Quantities [Line Items]
Percent of working interest owned by company					100%	100%

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	Feb. 28, 2022	Feb. 28, 2021
Related Party Transactions [Abstract]
Accounts payable - related parties, net	$ 1,988,230	$ 1,273,030

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)			12 Months Ended
	Mar. 03, 2021	Apr. 27, 2020	Feb. 28, 2022	Feb. 28, 2021	Jul. 28, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Gain on loan forgiveness			$ 101,723
Loan principal amount			6,925,000	6,850,000
Interest paid			1,692
Paycheck Protection Program [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from loans	$ 120,000	$ 118,750
Interest rate	1%	1%
Maturity date	Mar. 03, 2026	Apr. 27, 2022
Accrued interest			1,190	1,002
Loan principal amount forgiven					$ 100,448
Loan accrued interest forgiven					$ 1,275
Gain on loan forgiveness			101,723
Loan principal amount			4,131
Payment per month			2,068
Interest paid			$ 1,700	$ 0

Schedule of Convertible Debentu

Schedule of Convertible Debentures Payable (Details) - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Short-Term Debt [Line Items]
Principal Amount	$ 6,925,000	$ 6,850,000
Debt Discount	1,007,255	1,455,404
Debt discount from warrant grant from debt modification	942,812
Amortized discount	(6,204,925)
Debentures, Net of Debt Discount	5,917,745	5,394,596
Amortization of Debt Discount (Premium)	$ (448,149)	$ (1,592,604)
Senior Secured Convertible Debentures [Member] | Round I [Member]
Short-Term Debt [Line Items]
Issue Date	May 27, 2016
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.16
Principal Amount	$ 3,500,000
Debt Discount	$ 3,500,000
Senior Secured Convertible Debentures [Member] | Round II [Member]
Short-Term Debt [Line Items]
Issue Date	Aug. 16, 2016
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.16
Principal Amount	$ 200,000
Debt Discount	$ 199,999
Senior Secured Convertible Debentures [Member] | Round II [Member]
Short-Term Debt [Line Items]
Issue Date	Aug. 16, 2016
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.16
Principal Amount	$ 250,000
Debt Discount	$ 250,000
Senior Secured Convertible Debentures [Member] | Round III [Member]
Short-Term Debt [Line Items]
Issue Date	Dec. 30, 2016
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.16
Principal Amount	$ 287,500
Debt Discount	$ 237,587
Senior Secured Convertible Debentures [Member] | Round IV [Member]
Short-Term Debt [Line Items]
Issue Date	Feb. 15, 2017
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.16
Principal Amount	$ 1,000,000
Debt Discount	$ 1,000,000
Senior Secured Convertible Debentures [Member] | Round V [Member]
Short-Term Debt [Line Items]
Issue Date	Mar. 31, 2017
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.20
Principal Amount	$ 200,000
Debt Discount	$ 200,000
Senior Secured Convertible Debentures [Member] | Round VI [Member]
Short-Term Debt [Line Items]
Issue Date	Jul. 05, 2017
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.20
Principal Amount	$ 137,500
Debt Discount	$ 137,500
Senior Secured Convertible Debentures [Member] | Round VI [Member]
Short-Term Debt [Line Items]
Issue Date	Jul. 05, 2017
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.16
Principal Amount	$ 150,000
Debt Discount	$ 150,000
Senior Secured Convertible Debentures [Member] | Round VII [Member]
Short-Term Debt [Line Items]
Issue Date	Sep. 19, 2017
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.16
Principal Amount	$ 400,000
Debt Discount	$ 400,000
Senior Secured Convertible Debentures [Member] | Round VII [Member]
Short-Term Debt [Line Items]
Issue Date	Sep. 19, 2017
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.16
Principal Amount	$ 100,000
Debt Discount	$ 82,125
Senior Secured Convertible Debentures [Member] | Round VIII [Member]
Short-Term Debt [Line Items]
Issue Date	Oct. 10, 2017
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.20
Principal Amount	$ 137,500
Debt Discount	$ 72,806
Senior Secured Convertible Debentures [Member] | Round IX [Member]
Short-Term Debt [Line Items]
Issue Date	Jan. 03, 2018
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.20
Principal Amount	$ 137,500
Debt Discount	$ 137,500
Senior Secured Convertible Debentures [Member] | Round X [Member]
Short-Term Debt [Line Items]
Issue Date	Apr. 02, 2018
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.20
Principal Amount	$ 137,500
Debt Discount	$ 137,500
Senior Secured Convertible Debentures [Member] | Round XI [Member]
Short-Term Debt [Line Items]
Issue Date	May 16, 2018
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.20
Principal Amount	$ 212,500
Debt Discount	$ 212,500
Senior Secured Convertible Debentures [Member] | Round XII [Member]
Short-Term Debt [Line Items]
Issue Date	Nov. 10, 2021
Maturity Date	Dec. 31, 2023
Interest Rate	8%
Conversion Price	$ 0.16
Principal Amount	$ 75,000

Convertible Debentures Payabl_2

Convertible Debentures Payable (Details Narrative) - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Short-Term Debt [Line Items]
Debt instrument, maturity date description	The Maturity Date of the Debentures was extended to December 31, 2023
Amortization of debt discount	$ 448,149	$ 1,592,604
Interest Expense, Debt	$ 795,991	$ 733,681
Debt instrument interest rate	8%
Senior Secured Convertible Debentures [Member]
Short-Term Debt [Line Items]
Debt instrument, maturity date description	The senior secured convertible debenture was issued on November 10, 2021 with a maturity date of December 31, 2023
Proceeds from issuance of debt	$ 75,000

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	12 Months Ended
	Feb. 28, 2022 USD ($)	Feb. 28, 2022 CAD ($)	Feb. 28, 2022 AUD ($)	Feb. 28, 2021 USD ($)
Product Liability Contingency [Line Items]
Operating Lease, Expense	$ 8,623			$ 8,602
Keith J. McKenzie [Member]
Product Liability Contingency [Line Items]
Operating Lease, Expense		$ 500
AUSTRALIA
Product Liability Contingency [Line Items]
Operating Lease, Expense			$ 175
Virtual Office Space [Member]
Product Liability Contingency [Line Items]
Operating Lease, Expense	$ 193

Schedule of Reconciliation of E

Schedule of Reconciliation of Effective Income Tax Rate (Details) - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Income Tax Disclosure [Abstract]
U.S. federal statutory income tax	$ (490,375)	$ (1,240,198)
PPP loan forgiveness	(21,362)
Meals & Entertainment	46	3,947
Stock expense related to warrant modifications		569,135
True-up of prior year permanent items		417,242
Change in valuation allowance	511,691	249,874
Effective income tax rate

Schedule of Components of Defer

Schedule of Components of Deferred Income Tax Assets (Details) - USD ($)	Feb. 28, 2022	Feb. 28, 2021
Income Tax Disclosure [Abstract]
Capitalized geological/geophysical & other intangibles	$ 2,848	$ 8,285
Debt discount & related amortization	744,577	486,060
Federal net operating loss	1,967,758	1,709,147
Less: valuation allowance	(2,715,183)	(2,203,492)
Net deferred tax asset

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)
Operating Loss Carryforwards	$ 9,370,277
[custom:OperatingLossCarryforwardsExpirationYear]	2032
Income Tax Examination, Description	the CARES Act a portion can be carried back up to five years but also, can be carried forward indefinitely, limited to 80% of a given year’s taxable income
Accumulated indefinite amount	$ 5,431,958

Summary of Warrant Activity (De

Summary of Warrant Activity (Details)	12 Months Ended
	Feb. 28, 2022 $ / shares shares
Equity [Abstract]
Number of Warrants, Outstanding, beginning	27,877,058
Weighted Average Exercise Price, Outstanding, beginning | $ / shares	$ 0.20
Weighted Average Remaining Term (Years), Outstanding, beginning	2 years 10 months 2 days
Number of Warrants, Warrants awarded
Number of Warrants, Expired/Cancelled
Number of Warrants, Outstanding and exercisable, ending	27,877,058
Weighted Average Exercise Price, Outstanding and exercisable, ending | $ / shares	$ 0.20
Weighted Average Remaining Term (Years), Outstanding, ending	1 year 9 months 18 days

Shareholders_ Deficit (Details

Shareholders’ Deficit (Details Narrative)

12 Months Ended

Feb. 02, 2022 USD ($) $ / shares shares

Feb. 04, 2021 USD ($) $ / shares shares

Dec. 30, 2020 shares

Aug. 31, 2020 USD ($)

Feb. 29, 2020 USD ($)

Feb. 15, 2020 USD ($)

Dec. 31, 2019 USD ($)

Jul. 27, 2019 USD ($)

May 27, 2019 USD ($)

Feb. 28, 2022 USD ($)

Feb. 28, 2021 USD ($) $ / shares shares

Sep. 19, 2017 shares

Feb. 15, 2017 shares

Feb. 10, 2017 shares

Aug. 16, 2016 shares

May 27, 2016 shares

Subsidiary, Sale of Stock [Line Items]

Fair value of warrants

$ 2,710,166

Warrants outstanding

$ 0

0

Warrant [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants to purchase common stock | shares

8,752,058

1,500,000

3,750,000

13,875,000

Warrants, expiration date

Dec. 31, 2023

Sep. 19, 2020

Feb. 15, 2020

May 27, 2019

Warrants, extended expiration date

Feb. 28, 2021

Aug. 31, 2020

Aug. 31, 2020

Feb. 29, 2020

Dec. 31, 2019

Jul. 27, 2019

Additional expense for incremental fair value of the warrants

$ 1,940,278

$ 559,000

$ 340,000

$ 82,000

$ 26,000

$ 371,000

$ 365,000

Warrants exercise price per share | $ / shares

$ 0.20

Fair value of warrants

$ 942,812

Warrant [Member] | Extended Maturity [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants, extended expiration date

Feb. 28, 2021

Additional expense for incremental fair value of the warrants

$ 60,000

Warrant [Member] | Extension of Debenture Agreements [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants, extended expiration date

Feb. 28, 2021

Additional expense for incremental fair value of the warrants

$ 151,000

Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, measurement input

0.17

0.105

1.11

1.55

1.48

2.1

2.35

Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member] | Extension of Debenture Agreements [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, measurement input

0.105

Warrant [Member] | Measurement Input, Risk Free Interest Rate [Member] | Agreements Related to Extend Expiration [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, measurement input

0.17

0.105

Warrant [Member] | Measurement Input, Expected Term [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, term

35 months

6 months

6 months

6 months 15 days

2 months

5 months

2 months

Warrant [Member] | Measurement Input, Expected Term [Member] | Extension of Debenture Agreements [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, term

35 months

6 months

Warrant [Member] | Measurement Input, Expected Term [Member] | Agreements Related to Extend Expiration [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, term

6 months

Warrant [Member] | Measurement Input, Price Volatility [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, measurement input

152

76

100

101

80

80

80

Warrant [Member] | Measurement Input, Price Volatility [Member] | Extension of Debenture Agreements [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, measurement input

152

76

Warrant [Member] | Measurement Input, Price Volatility [Member] | Agreements Related to Extend Expiration [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, measurement input

76

Warrant [Member] | Measurement Input, Expected Dividend Rate [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, measurement input

0

0

0

0

0

0

0

Warrant [Member] | Measurement Input, Expected Dividend Rate [Member] | Extension of Debenture Agreements [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants and rights outstanding, measurement input

0

0

Stock Warrants Two [Member]

Subsidiary, Sale of Stock [Line Items]

Warrants to purchase common stock | shares

19,125,000

19,125,000

19,125,000

19,125,000

Warrants, expiration date

May 27, 2021

May 27, 2021

May 27, 2021

May 27, 2021

Private Placement [Member]

Subsidiary, Sale of Stock [Line Items]

Gross proceeds received from private placement

$ 6,250

$ 100,000

Number of common stock issued through private placement | shares

25,000

25,000

500,000

Shares price per share | $ / shares

$ 0.25

$ 0.20

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Senior Secured Convertible Debentures [Member] - USD ($)			12 Months Ended
	Jul. 21, 2022	Jun. 08, 2022	Feb. 28, 2022
Subsequent Event [Line Items]
Proceeds from issuance of debt			$ 75,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Proceeds from issuance of debt	$ 50,000	$ 50,000