Texas Mineral Resources (TMRC) 10-Q 14 Jan 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Nov. 30, 2021	Jan. 10, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Nov. 30, 2021
Document Fiscal Period Focus	Q1
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		72,006,514

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Nov. 30, 2021	Aug. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 4,863,190	$ 5,106,653
Prepaid expenses and other current assets	28,774	73,029
Total current assets	4,891,964	5,179,682
Property and equipment, net	29,088	30,834
Mineral properties, net	181,755	181,755
Deposits	12,620	12,620
TOTAL ASSETS	5,115,427	5,404,891
CURRENT LIABILITIES
Accounts payable and accrued liabilities	69,502	191,394
Accounts payable - related party	10,000	10,000
Total current liabilities	79,502	201,394
Total liabilities	79,502	201,394
SHAREHOLDERS’ EQUITY
Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and oustanding as of November 30, 2021 and August 31, 2021
Common stock, par value $0.01; 100,000,000 shares authorized, 71,975,296 and 71,934,065 shares issued and oustanding as of November 30, 2021 and August 31, 2021, respectively	719,753	719,341
Additional paid-in capital	41,503,356	41,332,478
Accumulated deficit	(37,187,184)	(36,848,322)
Total shareholders’ equity	5,035,925	5,203,497
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 5,115,427	$ 5,404,891

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Nov. 30, 2021	Aug. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	100,000,000	100,000,000
Common Stock, Issued	71,975,296	71,934,065
Common Stock, outstanding	71,975,296	71,934,065

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
OPERATING EXPENSES
Exploration costs	$ 71,158	$ 65,778
General and administrative expenses	339,505	325,277
Total operating expenses	410,663	391,055
LOSS FROM OPERATIONS	(410,663)	(391,055)
OTHER INCOME (EXPENSE)
Interest income	1,625	1,372
Grant income, net of expenses	70,176	50,000
Total other income (expense)	71,801	51,372
NET LOSS	$ (338,862)	$ (339,683)
Net loss per share:
Basic and diluted net loss per share	$ 0	$ 0
Weighted average shares outstanding:
Basic and diluted	71,956,719	71,346,419

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (338,862)	$ (339,683)
Adjustments to reconcile net loss to net cash
Depreciation	1,746
Stock based compensation	171,290	190,367
Changes in current assets and liabilities:
Prepaid expenses and other current assets	44,255	37,540
Accounts payable and accrued liabilities	(121,892)	(49,058)
Net cash provided by (used in) operating activities	(243,463)	(160,834)
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from related parties		5,500
Proceeds from exercise of common stock warrants		24,500
Net cash provided by financing activities		30,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	(243,463)	(130,834)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	5,106,653	2,746,451
CASH AND CASH EQUIVALENTS, END OF PERIOD	4,863,190	2,615,617
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

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) (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
Beginning balance (in shares) at Aug. 31, 2020		71,323,278
Stock based compensation			190,367		190,367
Common stock issued as payment of accrued director’s fees		$ 619	91,881		92,500
Common stock issued as payment of accrued director's fees (in shares)		61,936
Warrant conversion			24,500		24,500
Net loss				(339,683)	(339,683)
Ending balance, value at Nov. 30, 2020		$ 713,852	40,493,228	(39,232,207)	1,974,873
Ending balance (in shares) at Nov. 30, 2020		71,385,214
Beginning balance, value at Aug. 31, 2021		$ 719,341	41,332,478	(36,848,322)	5,203,497
Beginning balance (in shares) at Aug. 31, 2021		71,934,065
Options issued for services			73,788		73,788
Common stock issued for services		$ 412	97,090		97,502
Common stock issued for services (in shares)		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
Ending balance (in shares) at Nov. 30, 2021		71,975,296

GENERAL

GENERAL	3 Months Ended
	Nov. 30, 2021
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	3 Months Ended
	Nov. 30, 2021
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 – Debit 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	3 Months Ended
	Nov. 30, 2021
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 million 80% 3 million 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 3 million 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% ● cash to RTMD to continue to fund RTMD operations in the amount of approximately $ 3,761,750 10 million 70% ● cash in the amount of $ 3 million 10% 80% ● 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. Subsequent to the sale of an undivided 80%

MINERAL PROPERTIES

MINERAL PROPERTIES	3 Months Ended
	Nov. 30, 2021
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 Amount Total Amount 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 Amount Total Amount 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 days 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 million five twelve fifteen months Upon successful completion of the study, Greentech will be entitled to received 20% 10.1% 15 million 20% 10.1% 20.2%

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	3 Months Ended
	Nov. 30, 2021
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, we 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 699,999 233,333 448,000 0.64 24 641,665 87,501 56,000 37,333

GRANT INCOME

GRANT INCOME	3 Months Ended
	Nov. 30, 2021
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 November 30, 2021 and 2020, the Company recognized $ 374,633 50,000 304,457 0

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Nov. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS As a part of our obligation for our 20% 305,000

MINERAL PROPERTIES (Tables)

MINERAL PROPERTIES (Tables)	3 Months Ended
	Nov. 30, 2021
Extractive Industries [Abstract]
Schedule of August 2010 Lease	Schedule of August 2010 Lease Per Acre Amount Total Amount 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 Amount Total Amount 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	Nov. 30, 2021
Ownership interest	20.00%
Consideration received from joint venture	$ 3,728,000
Proceeds from exercise of joint venture option	3,000,000
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)	Nov. 30, 2021USD ($)$ / 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)	Nov. 30, 2021USD ($)$ / 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					6.25%
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				6.25%
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		0.00095
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		23 Months Ended
	Dec. 31, 2021	Oct. 31, 2021	Jan. 31, 2020	Nov. 30, 2021	Nov. 30, 2020	Nov. 30, 2021	Aug. 31, 2021
Class of Stock [Line Items]
Common stock, authorized				100,000,000		100,000,000	100,000,000
Common stock, par value (in dollars per share)				$ 0.01		$ 0.01	$ 0.01
Preferred stock, authorized				10,000,000		10,000,000	10,000,000
Preferred stock, par value (in dollars per share)				$ 0.001		$ 0.001	$ 0.001
Consulting agreements, number of shares			699,999
Consulting agreements, number of shares per agreement			233,333
Consulting agreements, value of shares			$ 448,000
Share price			$ 0.64
Director [Member] | Share-based Payment Arrangement [Member]
Class of Stock [Line Items]
Number of shares issued		41,231
Compensation expense				$ 41,502
Director [Member] | Share-based Payment Arrangement [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Number of shares issued	31,218
Consultant [Member] | Share-based Payment Arrangement [Member]
Class of Stock [Line Items]
Compensation expense				56,000	$ 56,000
Share vesting period			24 months
Number of shares vested						641,665
Number of shares issued						87,501
Unrecognized stock compensation				37,333		$ 37,333
Consultant [Member] | Share-based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Compensation expense				$ 73,788
Number of options granted				43,500
Fair value of options granted				$ 73,788
Fair value assumptions - Risk free interest rate				0.25%
Fair value assumptions - Volatilty				201.75%
Fair value assumptions - Dividend yield				0.00%
Fair value assumptions - Expected term				5 years

GRANT INCOME (Details Narrative

GRANT INCOME (Details Narrative) - USD ($)	3 Months Ended
	Nov. 30, 2021	Nov. 30, 2020
Other Income and Expenses [Abstract]
Grant income	$ 374,633	$ 50,000
Grant related expenses	$ 304,457	$ 0

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Round Top Mountain Development Company, LLC [Member] - USD ($)	Dec. 02, 2021	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	$ 305,000