Texas Mineral Resources (TMRC) 10-Q 14 Apr 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Feb. 28, 2022	Apr. 06, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Feb. 28, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--08-31
Entity File Number	000-53482
Entity Registrant Name	TEXAS MINERAL RESOURCES CORP.
Entity Central Index Key	0001445942
Entity Tax Identification Number	87-0294969
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	539 El Paso Street
Entity Address, City or Town	Sierra Blanca
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	79851
City Area Code	915
Local Phone Number	369-2133
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		72,602,453

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Feb. 28, 2022	Aug. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 4,012,765	$ 5,106,653
Prepaid expenses and other current assets	45,076	73,029
Total current assets	4,057,841	5,179,682
Property and equipment, net	27,344	30,834
Mineral properties, net	384,607	181,755
Deposits	7,500	12,620
TOTAL ASSETS	4,477,292	5,404,891
CURRENT LIABILITIES
Accounts payable and accrued liabilities	75,681	191,394
Advances due to related party	5,000	10,000
Total current liabilities	80,681	201,394
Total liabilities	80,681	201,394
SHAREHOLDERS' EQUITY
Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and oustanding as of February 28, 2022 and August 31, 2021
Common stock, par value $0.01; 100,000,000 shares authorized, 72,576,515 and 71,934,065 shares issued and oustanding as of February 28, 2022 and August 31, 2021, respectively	725,765	719,341
Additional paid-in capital	41,788,742	41,332,478
Accumulated deficit	(38,117,896)	(36,848,322)
Total shareholders' equity	4,396,611	5,203,497
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 4,477,292	$ 5,404,891

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Feb. 28, 2022	Aug. 31, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	72,576,515	71,934,065
Common Stock, Shares, Outstanding	72,576,515	71,934,065

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
OPERATING EXPENSES
Exploration costs	$ 510,594	$ 53,402	$ 581,752	$ 96,347
General and administrative expenses	351,776	409,600	691,281	734,877
Total operating expenses	862,370	463,002	1,273,033	831,224
LOSS FROM OPERATIONS	(862,370)	(463,002)	(1,273,033)	(831,224)
OTHER INCOME (EXPENSE)
Grant income (expense), net	(70,083)	(16,089)	93	11,078
Other income (expense)	1,741	1,979	3,366	3,351
Total other income (expense)	(68,342)	(14,110)	3,459	14,429
NET LOSS	$ (930,712)	$ (477,112)	$ (1,269,574)	$ (816,795)

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021	Feb. 28, 2022	Feb. 28, 2021
Income Statement [Abstract]
Earnings Per Share, Basic	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.01)
Earnings Per Share, Diluted	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.01)
Weighted Average Number of Shares Outstanding, Basic	72,178,243	71,480,718	72,069,147	71,461,213
Weighted Average Number of Shares Outstanding, Diluted	72,178,243	71,480,718	72,069,147	71,461,213

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Aug. 31, 2020		$ 713,233	$ 40,376,847	$ (38,892,524)	$ 2,197,556
Shares, Outstanding, Beginning Balance at Aug. 31, 2020		71,323,278
Net loss				(339,683)	(339,683)
Warrant conversion			24,500		24,500
Stock based compensation			190,367		190,367
director's fees		$ 619	91,881		92,500
Stock Issued During Period, Shares, Employee Benefit Plan		61,936
Ending balance, value at Nov. 30, 2020		$ 713,852	40,683,595	(39,232,207)	2,165,240
Shares, Outstanding, Ending Balance at Nov. 30, 2020		71,385,214
Beginning balance, value at Aug. 31, 2020		$ 713,233	40,376,847	(38,892,524)	2,197,556
Shares, Outstanding, Beginning Balance at Aug. 31, 2020		71,323,278
Net loss					(816,795)
Ending balance, value at Feb. 28, 2021		$ 716,648	40,885,121	(39,709,319)	1,892,450
Shares, Outstanding, Ending Balance at Feb. 28, 2021		71,664,762
Beginning balance, value at Nov. 30, 2020		$ 713,852	40,683,595	(39,232,207)	2,165,240
Shares, Outstanding, Beginning Balance at Nov. 30, 2020		71,385,214
Stock based compensation		$ 400	203,922		204,322
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		40,042
Net loss				(477,112)	(477,112)
Cashless exercise of warrants and options		$ 1,696	(1,696)
Cashless exercise of commonn stock warrants (shares)		169,506
Issuance of common stock previously unissued		$ 700	(700)
Stock Issued During Period, Shares, Conversion of Units		70,000
Ending balance, value at Feb. 28, 2021		$ 716,648	40,885,121	(39,709,319)	1,892,450
Shares, Outstanding, Ending Balance at Feb. 28, 2021		71,664,762
Beginning balance, value at Aug. 31, 2021		$ 719,341	41,332,478	(36,848,322)	5,203,497
Shares, Outstanding, Beginning Balance at Aug. 31, 2021		71,934,065
Common stock and stock options issued for services			129,788		129,788
Stock based compensation		$ 412	41,090		41,502
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		41,231
Net loss				(338,862)	(338,862)
Ending balance, value at Nov. 30, 2021		$ 719,753	41,503,356	(37,187,184)	5,035,925
Shares, Outstanding, Ending Balance at Nov. 30, 2021		71,975,296
Beginning balance, value at Aug. 31, 2021		$ 719,341	41,332,478	(36,848,322)	5,203,497
Shares, Outstanding, Beginning Balance at Aug. 31, 2021		71,934,065
Net loss					(1,269,574)
Ending balance, value at Feb. 28, 2022		$ 725,765	41,788,742	(38,117,896)	4,396,611
Shares, Outstanding, Ending Balance at Feb. 28, 2022		72,576,515
Beginning balance, value at Nov. 30, 2021		$ 719,753	41,503,356	(37,187,184)	5,035,925
Shares, Outstanding, Beginning Balance at Nov. 30, 2021		71,975,296
Common stock and stock options issued for services			78,896		78,896
Stock based compensation		$ 312	41,190		41,502
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		31,218
Net loss				(930,712)	(930,712)
Warrant conversion		$ 5,700	165,300		171,000
Stock Issued During Period, Shares, Conversion of Convertible Securities		570,001
Ending balance, value at Feb. 28, 2022		$ 725,765	$ 41,788,742	$ (38,117,896)	$ 4,396,611
Shares, Outstanding, Ending Balance at Feb. 28, 2022		72,576,515

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,269,574)	$ (816,795)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense	3,490
Stock based compensation	83,004	394,689
Common stock and stock options issued for services	208,684
Changes in current assets and liabilities:
Prepaid expenses and other current assets	27,953	66,155
Accounts payable and accrued liabilities	(115,713)	(210,149)
Accounts payable - related party	(5,000)
Net cash used in operating activities	(1,067,156)	(566,100)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment		(34,324)
Purchases of mineral properties	(202,852)	(10,002)
Payment of deposit	5,120	(10,000)
Net cash used in investing activities	(197,732)	(54,326)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties		21,693
Proceeds from exercise of common stock warrants and options	171,000	24,500
Net cash provided by financing activities	171,000	46,193
NET CHANGE IN CASH AND CASH EQUIVALENTS	(1,093,888)	(574,233)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	5,106,653	2,746,451
CASH AND CASH EQUIVALENTS, END OF PERIOD	4,012,765	2,172,218
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid
Taxes paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued as payment of accrued expenses		$ 92,500

GENERAL

GENERAL	6 Months Ended
	Feb. 28, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1 – GENERAL Basis of Presentation The accompanying unaudited interim consolidated financial statements of Texas Mineral Resources Corp. (“we”, “us”, “our”, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in our annual report on Form 10-K, for the year ended August 31, 2021, dated November 29, 2021 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended August 31, 2021 as reported in our annual report on Form 10-K, have been omitted. Principles of Consolidation The consolidated financial statements include the accounts of Texas Mineral Resources Corp. and its proportionate interest in the assets, liabilities, and operations of Round Top Mountain Development Company, LLC (“RTMD”). All significant intercompany balances and transactions have been eliminated.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Feb. 28, 2022
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-06, Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.

JOINT VENTURE ARRANGEMENTS

JOINT VENTURE ARRANGEMENTS	6 Months Ended
	Feb. 28, 2022
Equity Method Investments and Joint Ventures [Abstract]
JOINT VENTURE ARRANGEMENTS	NOTE 3 – JOINT VENTURE ARRANGEMENTS In August 2018, the Company and Morzev Pty. Ltd. (“Morzev”) entered into an agreement (the “2018 Option Agreement”) whereby Morzev was granted the exclusive right to earn and acquire a 70 10 80 3 70 80 On May 17, 2021, and in accordance with the terms of the Option Agreement, the Company and USARE entered into a contribution agreement (“Contribution Agreement”) whereby the Company and USARE contributed assets to RTMD, a wholly-owned subsidiary of the Company, in exchange for their ownership interests in RTMD, of which the Company now owns membership interests equating to 20 80 In connection with USARE meeting its obligations to acquire a 70 10 3,728,000 728,000 80 402,000 3,326,000 Upon entry into the Contribution Agreement, the Company assigned the following contracts and assets to RTMD in exchange for its 20 ● the assignment and assumption agreement with respect to the mineral leases from the Company to RTMD; ● the assignment and assumption agreement with respect to the surface lease from the Company to RTMD; ● the assignment and assumption agreement with respect to the surface purchase option from the Company to RTMD; ● the assignment and assumption agreement with respect to the water lease from the Company to RTMD; and ● the bill of sale and assignment agreement of existing data with respect to RTMD owned by the Company. and USARE assigned the following assets to RTMD (or the Company, as applicable) for its 80% membership interest in RTMD: ● cash to RTMD to continue to fund RTMD operations in the amount of approximately $ 3,761,750 10 70 ● cash in the amount of $ 3 10 ● bill of sale and assignment agreement of the Pilot Plant to RTMD; ● the assignment and assumption regarding relevant contracts and permits with respect to RTMD; and ● bill of sale and assignment agreement of existing data and intellectual property owned by USARE to RTMD. The Company accounts for its interest in RTMD using the proportionate consolidation method, which is an exception available to entities in the extractive industries, thereby recognizing its pro-rata share of the assets, liabilities, and operations of RTMD in the appropriate classifications in the financial statements.

MINERAL PROPERTIES

MINERAL PROPERTIES	6 Months Ended
	Feb. 28, 2022
Extractive Industries [Abstract]
MINERAL PROPERTIES	NOTE 4 – MINERAL PROPERTIES As set forth in Note 3- Joint Venture Arrangements, the ownership of and obligations associated with the leases and options maintained with the Texas Land Office and other third parties were transferred to RTMD in May 2021. August 2010 Lease On August 17, 2010, the Company executed a new mining lease with the Texas General Land Office covering Sections 7 and 18 of Township 7, Block 71 and Section 12 of Block 72, covering approximately 860 Under the terms of the lease, the Company will pay the State of Texas a total lease bonus of $ 142,518 44,718 97,800 500,000 Thereafter, if paying quantities of minerals are obtained, the Company will pay the State of Texas a production royalty equal to eight percent ( 8 6 1/4 1 Schedule of August 2010 Lease Per Acre Total September 2, 2020 – 2024 $ 150 $ 134,155 September 2, 2025 – 2029 200 178,873 In August 2021, our joint venture partner paid the State of Texas a delay rental to extend the term of the lease in an amount equal to $ 134,155 November 2011 Lease On November 1, 2011, the Company executed a mining lease with the State of Texas covering approximately 90 20,700 50,000 Thereafter, if paying quantities of minerals are obtained, the Company will pay the State of Texas a production royalty equal to eight percent ( 8 6 1/4 1 Schedule of November 2011 Lease Per Acre Total November 1, 2020 – 2024 $ 150 $ 13,500 November 1, 2025 – 2029 200 18,000 In August 2021, our joint venture partner paid the State of Texas a delay rental to extend the term of the lease in an amount equal to $ 13,500 March 2013 Lease On March 6, 2013, the Company purchased the surface lease at the Round Top Project, known as the West Lease, from the Southwest Wildlife and Range Foundation (since renamed the Rio Grande Foundation) for $ 500,000 1,063,830 500,000 45,000 ten years 54,990 October 2014 Surface Option and Water Lease On October 29, 2014, the Company announced the execution of agreements with the Texas General Land Office securing the option to purchase the surface rights covering the potential Round Top Project mine and plant areas and, separately, a lease to develop the water necessary for the potential Round Top Project mine operations. The option to purchase the surface rights covers approximately 5,670 10,000 The ground water lease secures the right to develop the ground water within a 13,120 4 five 5,000 0.95 20,000 Santa Fe Gold Corporation On November 8, 2021, the Company entered into a mineral exploration and option agreement with Santa Fe Gold Corporation (“Santa Fe”). Under the agreement, the Company and Santa Fe plan to pursue, negotiate and subsequently enter into a joint venture agreement to jointly explore and develop a target silver property to be selected by the Company among patented and unpatented mining claims held by Santa Fe within the Black Hawk Mining District in Grant County, New Mexico. Completion of a joint venture agreement is subject to the successful outcome of a multi-phase exploration plan leading to a bankable feasibility study to be undertaken in the near future by the Company. Under the expected terms of the joint venture agreement, the Company would be project operator and initially own 50.5 49.5 Under the terms of the agreement, the Company plans to conduct a district-wide evaluation among the patented and unpatented claims held by Santa Fe, consisting of geologic mapping, sampling, trenching, radiometric surveying, geophysics, drilling and/or other methods as warranted. Based on the district-wide evaluation, the Company will designate one 80 1,300 75 two 60 Additionally, on November 8, 2021, the Company entered into a financing and purchase option agreement with Greentech Minerals Holdings, Inc. (“Greentech”). Under the agreement, Greentech is responsible for funding initial exploration activities and the bankable feasibility study, estimated to cost approximately $ 6.5 five twelve fifteen months Upon successful completion of the study, Greentech will be entitled to received 20 10.1 15 20 10.1 20.2

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	6 Months Ended
	Feb. 28, 2022
Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 5 – SHAREHOLDERS’ EQUITY The Company’s authorized capital stock consists of 100,000,000 0.01 10,000,000 0.001 All shares of common stock have equal voting rights and, when validly issued and outstanding, are entitled to one non-cumulative vote per share in all matters to be voted upon by shareholders. Shares of common stock have no pre-emptive, subscription, conversion or redemption rights and may be issued only as fully paid and non-assessable shares. Holders of common stock are entitled to equal ratable rights to dividends and distributions with respect to the common stock, as may be declared by the Company’s Board of Directors (the “Board”) out of funds legally available. In the event of a liquidation, dissolution or winding up of the affairs of the Company, the holders of common stock are entitled to share ratably in all assets remaining available for distribution to them after payment or provision for all liabilities and any preferential liquidation rights of any preferred stock then outstanding. In October 2021, the Company issued 41,231 During the quarter ended November 30, 2021, the Company recognized stock compensation and a corresponding charge to additional paid-in capital in the amount of $ 41,502 31,218 During the quarter ended November 30, 2021, the Company granted a total of 43,500 73,788 0.25 201.75 0.00 5 years 73,788 In January 2020, the Company entered into three separate consulting agreements for total consideration of 699,999 233,333 0.64 24 699,999 87,501 18,666 74,666 56,000 112,000 During the quarter ended February 28, 2022, the Company granted a total of 30,000 60,230 0.25 201.75 0.00 5 years 60,230 During the quarter ended February 28, 2022, the Company recognized stock compensation and a corresponding charge to additional paid-in capital in the amount of $ 41,502 25,938 During the quarter ended February 28, 2022, the Company issued 570,001 171,000

GRANT INCOME

GRANT INCOME	6 Months Ended
	Feb. 28, 2022
Other Income and Expenses [Abstract]
GRANT INCOME	NOTE 6 – GRANT INCOME Grants received from government and other agencies in advance of a specific project are deferred and recognized as other income in the statements of operations in the period they are earned and the related project costs are incurred. For the three months ended February 28, 2022 and 2021, the Company recognized $ 187,317 150,000 257,400 138,922

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Feb. 28, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS As a part of our obligation for our 20 171,400

MINERAL PROPERTIES (Tables)

MINERAL PROPERTIES (Tables)	6 Months Ended
	Feb. 28, 2022
Extractive Industries [Abstract]
Schedule of August 2010 Lease	Schedule of August 2010 Lease Per Acre Total September 2, 2020 – 2024 $ 150 $ 134,155 September 2, 2025 – 2029 200 178,873
Schedule of November 2011 Lease	Schedule of November 2011 Lease Per Acre Total November 1, 2020 – 2024 $ 150 $ 13,500 November 1, 2025 – 2029 200 18,000

JOINT VENTURE ARRANGEMENTS (Det

JOINT VENTURE ARRANGEMENTS (Details Narrative) - Round Top Mountain Development Company, LLC [Member] - USD ($)	May 17, 2021	Aug. 31, 2019	Aug. 31, 2018	Feb. 28, 2022
Ownership interest	20.00%
Consideration received from joint venture	$ 3,728,000
Proceeds from previous advances	$ 728,000
Derecognized percentage of mineral properties	80.00%
Derecognized amount of mineral properties	$ 402,000
Gain on sale of interest in projects				$ 3,326,000
Cash asssigned for exercise of joint venture option	$ 3,000,000
USARE [Member]
Initial ownership interest under agreement		70.00%	70.00%
Contribution for initial ownership interest under agreement			$ 10,000,000
Increasable ownership interest under agreement		80.00%	80.00%
Additional contribution for increasable ownership interest under agreement			$ 3,000,000
Controlling ownership interest	80.00%
Initial ownership interest acquired	70.00%
Additional ownership interest acquired	10.00%
Cash asssigned to joint venture	$ 3,761,750
Value of specified interest in joint venture	$ 10,000,000
Specified interest percentage of joint venture	70.00%

Schedule of August 2010 Lease (

Schedule of August 2010 Lease (Details)	Feb. 28, 2022USD ($)$ / a
September 2, 2020 – 2024 [Member]
Property, Plant and Equipment [Line Items]
Per Acre Amount | $ / a	150
Total Amount | $	$ 134,155
September 2, 2025 – 2029 [Member]
Property, Plant and Equipment [Line Items]
Per Acre Amount | $ / a	200
Total Amount | $	$ 178,873

Schedule of November 2011 Lease

Schedule of November 2011 Lease (Details)	Feb. 28, 2022USD ($)$ / a
November 1, 2020 – 2024 [Member]
Property, Plant and Equipment [Line Items]
Per Acre Amount | $ / a	150
Total Amount | $	$ 13,500
November 1, 2025 – 2029 [Member]
Property, Plant and Equipment [Line Items]
Per Acre Amount | $ / a	200
Total Amount | $	$ 18,000

MINERAL PROPERTIES (Details Nar

MINERAL PROPERTIES (Details Narrative)	Nov. 08, 2021USD ($)atranchemi	Oct. 29, 2014USD ($)awellmi$ / gal	Mar. 06, 2013USD ($)ashares	Nov. 01, 2011USD ($)a	Aug. 17, 2010USD ($)a	Aug. 31, 2021USD ($)
Santa Fe Joint Venture [Member]
Controlling ownership interest	50.50%
Area of project | a	80
Area of property covered under agreement | a	1,300
Percentage of known mining district covered	75.00%
Area of interest radius | mi	2
Exercise period of option	60 days
Texas General Land Office [Member] | August 2010 Lease [Member]
Mining lease - acres | a					860
Lease Bonus					$ 142,518
Payment of lease bonus					44,718
Lease bonus due					97,800
Minimum advance royalty due					$ 500,000
Production royalty of market value of uranium and fissionable materials					8.00%
Production royalty of market value of other minerals					6.00%
Lease extension period					1 year
Payment of delay rental						$ 134,155
Texas General Land Office [Member] | November 2011 Lease [Member]
Mining lease - acres | a				90
Lease Bonus				$ 20,700
Minimum advance royalty due				$ 50,000
Production royalty of market value of uranium and fissionable materials				8.00%
Production royalty of market value of other minerals				6.00%
Lease extension period				1 year
Payment of delay rental						$ 13,500
Rio Grande Foundation [Member] | March 2013 Lease [Member]
Cash			$ 500,000
Shares issued for lease | shares			1,063,830
Value of shares issued for lease			$ 500,000
Periodic payment for conservation efforts			$ 45,000
Payment period for conservation efforts			10 years
Surface rights - acres | a			54,990
Rio Grande Foundation [Member] | October 2014 Surface Option and Water Lease [Member]
Surface rights - acres | a		5,670
Periodic option annual payment due		$ 10,000
Ground water lease - acres | a		13,120
Distance from project mine | mi		4
Number of existing water wells | well		5
Annual minimum production payment		$ 5,000
Production payment, amount per gallon | $ / gal		0.95
Production payment, annual amount		$ 20,000
Santa Fe Gold Corporation [Member] | Santa Fe Joint Venture [Member]
Ownership interest	49.50%
Greentech [Member] | Santa Fe Joint Venture [Member]
Exploration activities and feasibility study funding	$ 6,500,000
Feasibility study number of tranches | tranche	5
Percentage of initial equity entitled to receive	20.00%
Percentage of total equity of joint venture	10.10%
Option to participate in funding	$ 15,000,000
Entitled to receive additional percentage of initial equity	20.00%
Option percentage of total equity	10.10%
Option to receive percentage in exchange for funding	20.20%
Greentech [Member] | Santa Fe Joint Venture [Member] | Minimum [Member]
Feasibility study period	12 months
Greentech [Member] | Santa Fe Joint Venture [Member] | Maximum [Member]
Feasibility study period	15 months

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) - USD ($)	1 Months Ended				3 Months Ended				4 Months Ended	6 Months Ended		23 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Oct. 31, 2021	Jan. 31, 2020	Feb. 28, 2022	Nov. 30, 2021	Feb. 28, 2021	Nov. 30, 2020	Feb. 28, 2022	Feb. 28, 2022	Feb. 28, 2021	Nov. 30, 2021	Aug. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Common stock, authorized					100,000,000				100,000,000	100,000,000			100,000,000
Common stock, par value (in dollars per share)					$ 0.01				$ 0.01	$ 0.01			$ 0.01
Preferred stock, authorized					10,000,000				10,000,000	10,000,000			10,000,000
Preferred stock, par value (in dollars per share)					$ 0.001				$ 0.001	$ 0.001			$ 0.001
Fair value of options granted					$ 41,502	$ 41,502	$ 204,322
Consulting agreements, number of shares				699,999
Consulting agreements, number of shares per agreement				233,333
Share price				$ 0.64
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period										570,001
Proceeds from Stock Options Exercised										$ 171,000
Director [Member] | Share-based Payment Arrangement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of shares issued		31,218	41,231
Compensation expense						41,502				41,502
Director [Member] | Share-based Payment Arrangement [Member] | Subsequent Event [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Number of shares issued	25,938
Consultant [Member] | Share-based Payment Arrangement [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Compensation expense						18,666		$ 56,000		$ 74,666	$ 112,000
Share vesting period				24 months
Number of shares vested												699,999
Number of shares issued												87,501
Consultant [Member] | Share-based Payment Arrangement, Option [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Compensation expense						$ 73,788			$ 60,230
Number of options granted						43,500			30,000
Fair value of options granted						$ 73,788			$ 60,230
Fair value assumptions - Risk free interest rate						0.25%			0.25%
Fair value assumptions - Volatilty						201.75%			201.75%
Fair value assumptions - Dividend yield						0.00%			0.00%
Fair value assumptions - Expected term						5 years			5 years

GRANT INCOME (Details Narrative

GRANT INCOME (Details Narrative) - USD ($)	6 Months Ended
	Feb. 28, 2022	Feb. 28, 2021
Other Income and Expenses [Abstract]
Grant income	$ 187,317	$ 150,000
Grant related expenses	$ 257,400	$ 138,922

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Round Top Mountain Development Company, LLC [Member] - USD ($)	Mar. 23, 2022	Mar. 31, 2022	May 17, 2021
Subsequent Event [Line Items]
Ownership interest			20.00%
Subsequent Event [Member]
Subsequent Event [Line Items]
Ownership interest		20.00%
Contribution to joint venture	$ 171,400