Texas Mineral Resources (TMRC) 10-Q 15 Jul 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	May 31, 2019	Jul. 10, 2019
Document And Entity Information
Entity Registrant Name	Texas Mineral Resources Corp.
Entity Central Index Key	0001445942
Entity File Number	000-53482
Document Type	10-Q
Document Period End Date	May 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Entity Common Stock, Shares Outstanding		46,686,252
Entity Emerging Growth Company	false
Entity Smaller Reporting Company	true
Entity Shell Company	false

BALANCE SHEETS (Unaudited)

BALANCE SHEETS (Unaudited) - USD ($)	May 31, 2019	Aug. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 18,987	$ 31,591
Prepaid expenses and other current assets	6,000	3,333
Total current assets	24,987	34,924
Mineral properties	354,234	354,234
Deposits	4,000	4,000
TOTAL ASSETS	383,221	393,158
CURRENT LIABILITIES
Accounts payable and accrued liabilities	1,500,874	1,357,013
Advances due to - related party	415,415	421,415
Current portion of note payable	260,387	260,387
Total current liabilities	2,176,676	2,038,815
Total liabilities	2,176,676	2,038,815
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and outstanding as of May 31, 2019 and August 31, 2018, respectively
Commonstock, par value $0.01; 100,000,000 shares authorized, 46,686,252 and 44,941,532 shares issued and outstanding as of May 31, 2019 and August 31, 2018, respectively	466,863	449,416
Additional paid-in capital	33,769,611	33,275,248
Accumulated deficit	(36,029,929)	(35,370,321)
Total shareholders' deficit	(1,793,455)	(1,645,657)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIENCY	$ 383,221	$ 393,158

BALANCE SHEETS (Unaudited) (Par

BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	May 31, 2019	Aug. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 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 value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	46,686,252	44,941,533
Common stock, shares outstanding	46,686,252	44,941,532

STATEMENTS OF OPERATIONS (Unaud

STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2019	May 31, 2018	May 31, 2019	May 31, 2018
OPERATING EXPENSES
Exploration costs	$ 18,328	$ 792	$ 48,437	$ 13,042
General and administrative expenses	84,599	61,955	595,476	226,193
Total operating expenses	102,927	62,747	643,913	239,235
LOSS FROM OPERATIONS	(102,927)	(62,747)	(643,913)	(239,235)
OTHER INCOME (EXPENSE)
Interest and other expense	(4,905)	(22,261)	(15,695)	(69,336)
Total other income (expense)	(4,905)	(22,261)	(15,695)	(69,336)
NET LOSS	$ (107,832)	$ (85,008)	$ (659,608)	$ (308,571)
Net loss per share:
Basic and diluted net loss per share	$ 0	$ 0	$ (0.01)	$ (0.01)
Weighted average shares outstanding:
Basic and diluted	46,686,252	44,941,533	45,956,600	44,941,533

STATEMENTS OF CASH FLOWS (Unaud

STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	May 31, 2019	May 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (659,608)	$ (308,571)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense		4,498
Cashless compensation for related party advances		53,474
Stock based compensation	380,210	12,051
Changes in current assets and liabilities:
Prepaid expenses and other assets	(2,667)	834
Accounts payable and accrued expenses	143,861	166,340
Net cash used in operating activities	(138,204)	(71,374)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable - related party		75,250
Cash from sale of common stock	140,000
Payment for cost of capital	(8,400)
Payment on Advances due to - related party	(6,000)
Net cash provided by financing activities	125,600	75,250
NET CHANGE IN CASH AND CASH EQUIVALENTS	(12,604)	3,876
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	31,591	1,080
CASH AND CASH EQUIVALENTS, END OF PERIOD	18,987	$ 4,956
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS:
Warrants issued for services in connection with the sale of common stock	$ 8,400

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	May 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION The accompanying unaudited interim 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/A, for the year ended August 31, 2018, dated December 14, 2018 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, 2018 as reported in our annual report on Form 10-K, have been omitted. The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of approximately $36,030,000 as of May 31, 2019 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and or private placement of common stock. On March 14, 2016, the Company filed a Certificate of Amendment with the Secretary of State of the State of Delaware to amend its Certificate of Incorporation to change the name of the Company from “Texas Rare Earth Resources Corp” to “Texas Mineral Resources Corp”. The amendment was effective at 9:00 am EST on March 21, 2016. The Certificate of Amendment did not make any other amendments to the Company’s Certificate of Incorporation.

MINERAL PROPERTIES

MINERAL PROPERTIES	9 Months Ended
	May 31, 2019
Mineral Industries Disclosures [Abstract]
MINERAL PROPERTIES	NOTE 2 – MINERAL PROPERTIES September 2011 Lease On September 2, 2011, we entered into 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 acres at Round Top Mountain in Hudspeth County, Texas. The mining lease issued by the Texas General Land Office gives us the right to explore, produce, develop, mine, extract, mill, remove, and market beryllium, uranium, rare earth elements, all other base and precious metals, industrial minerals and construction materials and all other minerals excluding oil, gas, coal, lignite, sulfur, salt, and potash. The term of the lease is nineteen years so long as minerals are produced in paying quantities. Under the lease, we will pay the State of Texas a lease bonus of $142,518; $44,718 of which was paid upon the execution of the lease, and $97,800 which will be due when we submit a supplemental plan of operations to conduct mining. Upon the sale of minerals removed from Round Top, we will pay the State of Texas a $500,000 minimum advance royalty. Thereafter, we will pay the State of Texas a production royalty equal to eight percent (8%) of the market value of uranium and other fissionable materials removed and sold from Round Top and six and one quarter percent (6 1/4%) of the market value of all other minerals removed and sold from Round Top. Thereafter, assuming production of paying quantities has not been obtained, we may pay additional delay rental fees to extend the term of the lease for successive one (1) year periods pursuant to the following schedule: Per Acre Total September 2, 2015 – 2019 $ 75 $ 67,077 September 2, 2020 – 2024 $ 150 $ 134,155 September 2, 2025 – 2029 $ 200 $ 178,873 In August 2018, we paid a delay rental to the State of Texas in the amount of $67,077. The Companies next payment is due on or before September 2, 2019. November 2011 Lease On November 1, 2011, we entered into a mining lease with the State of Texas covering 90 acres, more or less, of land that is adjacent to the land we purchased in September 2011 near our Round Top site. The deed was recorded with Hudspeth County on September 16, 2011. Under the lease, we paid the State of Texas a lease bonus of $20,700 which was paid upon the execution of the lease. Upon the sale of minerals removed from Round Top, we will pay the State of Texas a $50,000 minimum advance royalty. Thereafter, we will pay the State of Texas a production royalty equal to eight percent (8%) of the market value of uranium and other fissionable materials removed and sold from Round Top and six and one quarter percent (6 1/4%) of the market value of all other minerals sold from Round Top. Thereafter, assuming production of paying quantities has not been obtained, we may pay additional delay rental fees to extend the term of the lease for successive one (1) year periods pursuant to the following schedule: Per Acre Total November 1, 2015 – 2019 $ 75 $ 6,750 November 1, 2020 – 2024 $ 150 $ 13,500 November 1, 2025 – 2029 $ 200 $ 18,000 In October 2018, we paid a delay rental to the State of Texas of $6,750. The Companies next payment is due on or before November 1, 2019. March 2013 Lease On March 6, 2013, we 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 cash and 1,063,830 shares of our common stock. We also agreed to support the Foundation through an annual payment of $45,000 for ten years to support conservation efforts within the Rio Grande Basin and in particular engaging in stewardship of Lake Amistad, a large and well-known fishing lake near Del Rio, Texas. The West Lease comprises approximately 54,990 acres. Most importantly, the purchase of the surface lease gave us unrestricted surface access for the potential development and mining of our Round Top Project. October 2014 Surface Option and Water Lease On October 29, 2014, we announced that we had executed 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 acres over the mining lease and the additional acreage adequate to site all potential heap leaching and processing operations as currently anticipated by the Company. We may exercise the option for all or part of the option acreage at any time during the sixteen year primary term of the mineral lease. The option can be kept current by an annual payment of $10,000. The purchase price will be the appraised value of the surface at the time of exercising the option. The annual payments for the fiscal year ending August 31, 2018 and 2017 have not been made as of the date of this filing. The ground water lease secures our right to develop the ground water within a 13,120 acre lease area located approximately 4 miles from the Round Top deposit. The lease area contains five existing water wells. It is anticipated that all potential water needs for the Round Top project mine operations would be satisfied by the existing wells covered by this water lease. This lease has an annual minimum production payment of $5,000 prior to production of water for the operation. After initiation of production we will pay $0.95 per thousand gallons or $20,000 annually, whichever is greater. This lease remains effective as long as the mineral lease is in effect. The minimum production payment for the fiscal years ending August 31, 2018 and 2017 have been made as of the date of this filing. Northeast Pennsylvania REE and Scandium Project On June 28, 2016 TMRC executed a Memorandum of understanding with Pagnotti Enterprises Inc. of Wilkes Barre, Pennsylvania, owners of the Jeddo Coal Co., whereby under specified terms TMRC could lease one or more of Jeddo’s deposits located in the anthracite region of northeast Pennsylvania. Research by the Department of Energy (DOE) has shown that these coal deposits and the sandstones and siltstones immediately associated with them contain anomalously high values of rare earth and of particular interest, Scandium. The DOE research to date has indicated that the rare earth can be efficiently extracted from pulverized rock using ammonium sulfate as the lixiviant. TMRC is in the process of preparing an application for a federal grant to design and construct a continuous ion exchange/continuous ion chromatography (CIX/CIC) pilot plant to be delivered to a designated project area in the Appalachian cold province. TMRC and its co-applicants, K-Tech, Inventure Renewables, of Tuscaloosa, Alabama and Penn State University are proposing to plan, develop, design and install the CIX/CIC pilot plant at one of the Jeddo Coal properties. The grant was awarded in March 2017 to a consortium consisting of Inventure Renewables, Penn State, K-Tech and TMRC with Inventure being the principal investigator in the consortium. Funding began in September 2017. Under the terms of the Memorandum of Understanding (MOU) signed 28 June 2016, TMRC had a six month term to perform the necessary due diligence and to technically and economically evaluate the properties. Upon execution of the MOU TMRC and PEI had six months to draft and execute a formal lease agreement containing all the standard terms of mining lease agreements. Upon execution of a lease, TMRC will be obligated to pay a $5,000 per month rental or a 12% royalty whichever is greater. As of the date of this filing, no lease has been executed. This MOU has now lapsed and would have to be renegotiated if the Company were to continue this project.

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	May 31, 2019
Debt Disclosure [Abstract]
NOTES PAYABLE	NOTE 3 – NOTES PAYABLE On January 17, 2019 TMRC executed a Settlement Agreement with the Rio Grande Foundation regarding payment of accounts due. In consideration of a payment of $10,000, the balance of $125,000 plus the 2019 payment due June 1, 2019 and the 2020 payment of $45,000, aggregating $215,000, are being paid in 16 monthly payments of $13,437.50 beginning March 1 2019. As of May 31, 2019, the Company has not made the consideration payment of $10,000 to allow the Company to begin payments of $13,437.50 on June 1, 2019. The loan is outstanding as of the date of this filing.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	May 31, 2019
Equity [Abstract]
SHAREHOLDERS' EQUITY	NOTE 4 – SHAREHOLDERS’ EQUITY Capital Stock Our authorized capital stock consists of 100,000,000 shares of common stock, with a par value of $0.01 per share, and 10,000,000 preferred shares with a par value of $0.001 per share. 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. The 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 the common stock are entitled to equal ratable rights to dividends and distributions with respect to the common stock, as may be declared by our Board of Directors (our “Board”) out of funds legally available. In the event of a liquidation, dissolution or winding up of the affairs of the Corporation, 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. On October 17, 2018, we issued 500,000 common shares valued at $105,000 to the director of the Rio Grande Foundation as consideration for not placing us in default on the note payable to the Foundation as described in Note 3 of these financial statements. On October 25, 2018, the Board of Directors Compensation Committee granted a total of 1,300,000 cashless options to members of the Board of Directors. The options are exercisable at $0.20 per share for a period of ten years. All options vest immediately. With respect to these options, the Black-Scholes pricing model was used to estimate the fair value of the 1,300,000 options issued during the period to the Board members, using the assumptions of a risk free interest rate of 2.88%, dividend yield of 0%, volatility of 695.77%, and an expected life of 10 years. These options were expensed immediately in the amount of $256,637. On August 28, 2018 TMRC executed a Joint Venture agreement with Morzev PTY LTD (“Morzev”), doing business as USA Rare Earth, to develop the Round Top Deposit. Terms of the agreement call for USA Rare Earth to expend up to $10 million to produce a bankable feasibility study. The funds will be allocated in two tranches, the first of $2.5 Million to optimize and finalize the metallurgical processing and the remaining $7.5 million to complete the engineering, design, geotechnical work, and permitting necessary for a bankable feasibility study. USA Rare Earth will earn 70% of the property upon production of the feasibility study and has the option of purchasing another 10% for $3 million at the completion of the feasibility study. In the event Morzev, exercises its Option to acquire an additional 10% of the Round Top project from the Company for $3,000,000, Cove Capital will receive 6% cash of the gross proceeds and 6% in warrants. On November 13, 2018, Morzev funded an initial amount of $140,000 for 646,054 common shares to TMRC as consideration for the agreement and paid $8,400 to the broker. In the event Morzev exercises its Option to acquire an additional 10% of the Round Top Project, the Company will pay its broker $180,000 and warrants for $180,000. During the nine months ended May 31, 2019, we recognized approximately $18,573 in stock compensation expense for 90,000 stock options issued to outside consultants for services. We had 46,686,252 shares of our common stock outstanding as of May 31, 2019. At May 31, 2019, the total issued and outstanding number of options and warrants are 7,735,000 and 16,826,210.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	May 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5 – RELATED PARTY TRANSACTIONS The Company has received advances from certain Directors and Officers. The advances totaled $415,415 as of May 31, 2019.

MINERAL PROPERTIES (Tables)

MINERAL PROPERTIES (Tables)	9 Months Ended
	May 31, 2019
Mineral Industries Disclosures [Abstract]
Schedule of future minimum lease payments	Thereafter, assuming production of paying quantities has not been obtained, we may pay additional delay rental fees to extend the term of the lease for successive one (1) year periods pursuant to the following schedule: Per Acre Total September 2, 2015 – 2019 $ 75 $ 67,077 September 2, 2020 – 2024 $ 150 $ 134,155 September 2, 2025 – 2029 $ 200 $ 178,873 Thereafter, assuming production of paying quantities has not been obtained, we may pay additional delay rental fees to extend the term of the lease for successive one (1) year periods pursuant to the following schedule: Per Acre Total November 1, 2015 – 2019 $ 75 $ 6,750 November 1, 2020 – 2024 $ 150 $ 13,500 November 1, 2025 – 2029 $ 200 $ 18,000

BASIS OF PRESENTATION (Details

BASIS OF PRESENTATION (Details Narrative) - USD ($)	May 31, 2019	Aug. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 36,029,929	$ 35,370,321

MINERAL PROPERTIES (Details Nar

MINERAL PROPERTIES (Details Narrative)	Sep. 02, 2011USD ($)a	Oct. 31, 2018USD ($)	Aug. 31, 2018USD ($)	Jun. 28, 2016USD ($)	Oct. 31, 2014USD ($)aMiles$ / gal	Mar. 06, 2013USD ($)ashares	Nov. 01, 2011USD ($)a
Pagnotti Enterprises - MOU [Member]
Periodic lease payment				$ 5,000
Royalty percentage				12.00%
Texas General Land Office - Hudspeth County, TX [Member] | September 2011 Mineral Properties Lease [Member]
Mining lease - acres | a	860
Lease bonus	$ 142,518
Lease bonus paid	44,718
Lease bonus due upon filing of supplemental plan of operations to conduct mining	97,800
Minimum advance royalty due upon sale of minerals	$ 500,000
Production royalty of market value of uranium and other fissionable materials removed	8.00%
Production royalty of market value of other minerals removed	6.25%
Payment of delay rental			$ 67,077
Texas General Land Office - Hudspeth County, TX [Member] | October 2014 Surface Option - Water Lease [Member]
Ground water lease - acres | a					13,120
Distance from project mine | Miles					4
Number of existing water wells					5
Annual minimum production payment					$ 5,000
Production payment, amount per thousand gallons | $ / gal					0.95
Production payment, annual amount					$ 20,000
Texas General Land Office - Hudspeth County, TX [Member] | October 2014 Surface Option [Member]
Surface rights - acres | a					5,670
Periodic option annual payment due					$ 10,000
State of Texas - Hudspeth County, TX [Member] | November 2011 Mineral Properties Lease [Member]
Mining lease - acres | a							90
Lease bonus paid							$ 20,700
Minimum advance royalty due upon sale of minerals							$ 50,000
Production royalty of market value of uranium and other fissionable materials removed							8.00%
Production royalty of market value of other minerals removed							6.25%
Payment of delay rental		$ 6,750
Southwest Range and Wildlife Foundation, Inc. [Member] | Surface Lease - Due 6/1/19 [Member]
Surface rights - acres | a						54,990
Periodic payment for conservation efforts						$ 45,000
Term of periodic payment for conservation efforts						10 years
Cash paid for lease assignment						$ 500,000
Shares issued for lease | shares						1,063,830

MINERAL PROPERTIES (Details)

MINERAL PROPERTIES (Details)	May 31, 2019USD ($)
September 2, 2015 - 2019 [Member]
Per Acre Amount	$ 75
Total Lease Amount	67,077
September 2, 2020 - 2024 [Member]
Per Acre Amount	150
Total Lease Amount	134,155
September 2, 2025 - 2029 [Member]
Per Acre Amount	200
Total Lease Amount	178,873
November 1, 2015 - 2019 [Member]
Per Acre Amount	75
Total Lease Amount	6,750
November 1, 2020 - 2024 [Member]
Per Acre Amount	150
Total Lease Amount	13,500
November 1, 2025 - 2029 [Member]
Per Acre Amount	200
Total Lease Amount	$ 18,000

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - Rio Grande Foundation [Member]	Jan. 17, 2019USD ($)	May 31, 2019USD ($)
Surface Lease - Due 6/1/19 [Member]
Debt Instrument [Line Items]
Amount of lease payment in default		$ 45,000
Surface Lease - Due 6/1/20 [Member]
Debt Instrument [Line Items]
Amount of lease payment in default		$ 45,000
Note Payable Sothwest Wildlife Fund [Member]
Debt Instrument [Line Items]
Debt amount	$ 215,000
Periodic payment	$ 13,438
First required payment	Mar. 1, 2019
Number of debt payments	16
Note payable	$ 125,000
Periodic option annual payment	$ 10,000

SHAREHOLDERS' EQUITY (Details N

SHAREHOLDERS' EQUITY (Details Narrative) - USD ($)	Nov. 13, 2018	Oct. 25, 2018	Oct. 17, 2018	May 31, 2019	May 31, 2018	Aug. 31, 2018	Aug. 28, 2018
Common stock, shares authorized				100,000,000		100,000,000
Common stock, par value				$ 0.01		$ 0.01
Preferred stock, shares authorized				10,000,000		10,000,000
Preferred stock, par value				$ 0.001		$ 0.001
Common stock, shares outstanding				46,686,252		44,941,532
Stock compensation expense for options issued to outside consultant for services					$ 53,474
Issued number of options and warrants				7,735,000
Outstanding number of options and warrants				16,826,210
Tranche One [Member]
Expendable amount for feasibility study by joint venture member							$ 2,500,000
Tranche Two [Member]
Expendable amount for feasibility study by joint venture member							7,500,000
Morzev PTY LTD [Member]
Expendable amount for feasibility study by joint venture member							$ 10,000,000
Percent of property earned upon completion							70.00%
Percent of property to be purchased upon competion							10.00%
Percent of cash proceeds to be received upon option exercised							6.00%
Percent of warrants to be received upon option exercised							6.00%
Purchase price of property to be purchased upon competion							$ 3,000,000
Shares issued for initial funding (shares)	140,000
Shares issued for initial funding	$ 646,054
Stock Options [Member]
Options issued to outside consultant for services (shares)				90,000
Stock compensation expense for options issued to outside consultant for services				$ 18,573
Stock Options [Member] | Board of Directors [Member]
Stock options granted (shares)		1,300,000
Sharebased compensation expense		$ 256,637
Exercise price of options		$ .20
Fair value assumptions - Term of options		10 years
Fair value assumptions - Risk free interest rate		2.88%
Fair value assumptions - Dividend yield		0.00%
Fair value assumptions - Volatilty		69577.00%
Fair value assumptions - Expected term		10 years
Rio Grande Foundation [Member] | Note Payable Sothwest Wildlife Fund [Member]
Common shares issued for consideration for non-default of note			$ 105,000
Common shares issued for consideration for non-default of note (shares)			500,000
Broker [Member] | Morzev PTY LTD [Member]
Payment of broker fees	8,400
Value of warrants issuable if option executed	$ 180,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	May 31, 2019	Aug. 31, 2018
Related Party Transactions [Abstract]
Advances due to - related party	$ 415,415	$ 421,415