Texas Mineral Resources (TMRC) 10-K 29 Nov 24 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Aug. 31, 2024	Nov. 18, 2024	Feb. 28, 2024
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Aug. 31, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
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	361
Local Phone Number	790-5831
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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 Public Float			$ 19,055,304
Entity Common Stock, Shares Outstanding		74,588,426
Document Financial Statement Error Correction [Flag]	false
Auditor Name	Ham, Langston & Brezina, L.L.P.
Auditor Location	Houston, Texas
Auditor Firm ID	298

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Aug. 31, 2024	Aug. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 428,197	$ 1,079,307
Prepaid expenses and other current assets	46,090	39,577
Total current assets	474,287	1,118,884
Mineral properties, net	432,206	415,607
TOTAL ASSETS	906,493	1,534,491
CURRENT LIABILITIES
Accounts payable and accrued liabilities	42,664	93,406
Total current liabilities	42,664	93,406
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and oustanding as of August 31, 2024 and 2023
Common stock, par value $0.01; 100,000,000 shares authorized, 74,343,827 and 73,728,262 shares issued and oustanding as of August 31, 2024 and 2023, respectively	743,439	737,283
Additional paid-in capital	43,297,421	43,047,824
Accumulated deficit	(43,177,031)	(42,344,022)
Total shareholders’ equity	863,829	1,441,085
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 906,493	$ 1,534,491

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Aug. 31, 2024	Aug. 31, 2023
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	74,343,827	73,728,262
Common stock, shares outstanding	74,343,827	73,728,262

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
OPERATING EXPENSES
Exploration costs	$ 76,325	$ 781,547
General and administrative expenses	877,278	1,821,984
Total operating expenses	953,603	2,603,531
LOSS FROM OPERATIONS	(953,603)	(2,603,531)
OTHER INCOME
Interest income	35,594	34,259
Other income (expense), net	85,000	(22,689)
Total other income, net	120,594	11,570
NET LOSS	$ (833,009)	$ (2,591,961)
Net loss per share:
Basic	$ (0.01)	$ (0.04)
Diluted	$ (0.01)	$ (0.04)
Weighted average shares outstanding:
Basic	73,934,797	73,199,501
Diluted	73,934,797	73,199,501

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (833,009)	$ (2,591,961)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense		1,164
Loss on disposal of property and equipment		22,689
Stock based compensation	244,753	952,146
Changes in current assets and liabilities:
Prepaid expenses and other current assets	(6,513)	253,553
Accounts payable and accrued liabilities	(50,742)	52,305
Net cash used in operating activities	(645,511)	(1,310,104)
CASH FLOWS FROM INVESTING ACTIVITIES
Return of deposits		7,500
Purchases of mineral properties	(16,599)
Proceeds from maturing short-term investment		505,611
Net cash provided by (used in) investing activities	(16,599)	513,111
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from exercise of common stock options and warrants	11,000	38,000
Net cash provided by financing activities	11,000	38,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	(651,110)	(758,993)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,079,307	1,838,300
CASH AND CASH EQUIVALENTS, END OF PERIOD	428,197	1,079,307
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid
Taxes paid

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Aug. 31, 2022		$ 728,692	$ 42,066,269	$ (39,752,061)	$ 3,042,900
Beginning balance (in shares) at Aug. 31, 2022		72,869,220
Stock based compenstaion		$ 1,366	166,304		167,670
Stock based compensation (in shares)		136,544
Common stock issued for prior services rendered		$ 6,125	(6,125)
Common stock issued for prior services rendered (in shares)		612,498
Common stock options issued for services			784,476		784,476
Common stock issued upon exercise of options and warrants		$ 1,100	36,900		38,000
Common stock issued upon exercise of options and warrants (in shares)		110,000
Net loss				(2,591,961)	(2,591,961)
Ending balance, value at Aug. 31, 2023		$ 737,283	43,047,824	(42,344,022)	1,441,085
Ending balance (in shares) at Aug. 31, 2023		73,728,262
Stock based compenstaion		$ 5,656	200,022		205,678
Stock based compensation (in shares)		565,564
Common stock options issued for services			39,075		39,075
Common stock issued upon exercise of options and warrants		$ 500	10,500		11,000
Common stock issued upon exercise of options and warrants (in shares)		50,000
Net loss				(833,009)	(833,009)
Ending balance, value at Aug. 31, 2024		$ 743,439	$ 43,297,421	$ (43,177,031)	$ 863,829
Ending balance (in shares) at Aug. 31, 2024		74,343,826

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (833,009)	$ (2,591,961)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Aug. 31, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	12 Months Ended
	Aug. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND NATURE OF BUSINESS	NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS Texas Mineral Resources Corp. (the “Company”) was incorporated in the State of Nevada in 1970 as Standard Silver Corporation. In 2010, the Company changed its name from “Standard Silver Corporation” to “Texas Rare Earth Resources Corp”. In 2012, the Company changed its state of incorporation from Nevada to Delaware under a plan of conversion dated August 24, 2012. In 2016, the Company changed its name to Texas Mineral Resources Corp. We are a mining company engaged in the business of owning, acquiring, exploring and developing mineral properties. At August 31, 2024, we owned a 19.323 two 950 9,345

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES	12 Months Ended
	Aug. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF ACCOUNTING POLICIES Exploration-Stage Company Since January 1, 2009, the Company has been classified as an “exploration stage” company for purposes of Item 1300 of the U.S. Securities and Exchange Commission (“SEC”). Under Item 1300, companies engaged in significant mining operations are classified into three categories, referred to as “stages” - exploration, development, and production. Exploration stage includes all companies that do not have established reserves in accordance with Item 1300. Such companies are deemed to be “in the search for mineral deposits.” Notwithstanding the nature and extent of development-type or production-type activities that have been undertaken or completed, a company cannot be classified as a development or production stage company unless it has established reserves in accordance with Item 1300. Basis of Presentation The Company’s financial records are maintained on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“US GAAP”). 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. All significant intercompany balances and transactions have been eliminated. Going Concern These financial statements have been prepared assuming that the Company will continue as a going concern. The Company has an accumulated deficit from inception through August 31, 2024, of approximately $ 43,177,000 At August 31, 2024, the Company had a working capital surplus of approximately $ 432,000 We do not have sufficient cash on hand to fund any portion of the Round Top Budget during our current fiscal year nor to fund general and administrative expenditures throughout our current fiscal year (we have sufficient capital to fund our estimated general and administrative expenses only through February 2025). In accordance with our current projected budget, the Company does not have sufficient capital to fund its total cash calls and expected general and administrative expenses during the fiscal year ending August 31, 2025. Failure by the Company to make required cash calls to Round Top during the twelve month period from the issuance date of these financial statements, would result in dilution to its membership interest in Round Top, which is 19.323 Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents currently consist only of demand deposits at commercial banks. The Company maintains cash and cash equivalents at banks selected by management based upon their assessment of the financial stability of the institution. Balances periodically exceed the federal depository insurance limit; however, the Company has not experienced any losses on deposits. Short-term investments Short-term investments consists of certificates of deposit and similar time-based deposits with financial institutions with original maturity dates over three months twelve months Property and Equipment Property and equipment consist primarily of vehicles, furniture and equipment, and are recorded at cost. Expenditures related to acquiring or extending the useful life of property and equipment are capitalized. Expenditures for repair and maintenance are charged to operations as incurred. Depreciation is computed using the straight-line method over an estimated useful life of 3 20 Lease Deposits From time to time, the Company makes deposits in anticipation of executing leases. The deposits are capitalized upon execution of the applicable agreements. Long-lived Assets The Company reviews the recoverability of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through operations. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC 360”), Property, Plant and Equipment. Mineral Exploration and Development Costs All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with ASC 360-10-35-15, Impairment or Disposal of Long-Lived Assets. Share-based Payments The Company estimates the fair value of share-based compensation on the date of grant using the Black-Scholes valuation model, in accordance with the provisions of ASC 718, Stock Compensation Income Taxes Income taxes are computed using the asset and liability method, in accordance with ASC 740, Income Taxes The Company recognizes and measures a tax benefit from uncertain tax positions when it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company recognizes a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company adjusts these liabilities when its judgement changes as a result of the evaluation of new information not previously available. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate or future recognition of an unrecognized tax benefit. These differences will be reflected as increases or decreases to income tax expense in the period in which they are determined. The Company recognizes interest and penalties related to unrecognized tax positions within the income tax expense line in the consolidated statements of operations. Management believes the Company has no uncertain tax positions at August 31, 2024 and 2023. Basic and Diluted Income (Loss) Per Share The Company computes income (loss) per share in accordance with ASC 260, Earnings Per Share At August 31, 2024, options to purchase 920,000 Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair Value Measurements The Company accounts for assets and liabilities measured at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures. ● Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. ● Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. ● Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. The Company’s financial instruments consist principally of cash, short-term investments and accounts payable and accrued liabilities. The carrying amounts of such financial instruments in the accompanying financial statements approximate their fair values due to their relatively short-term nature. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.

JOINT VENTURE ARRANGEMENTS

JOINT VENTURE ARRANGEMENTS	12 Months Ended
	Aug. 31, 2024
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 % interest in the Round Top Project by financing $ 10 million of expenditures in connection with the Round Top Project, increasable to an 80 % interest, for an additional $ 3 million payment to the Company. Morzev began engaging in business as USA Rare Earth and in May 2019 notified the Company that it was nominating USA Rare Earth, LLC (“USARE”) as the optionee under the terms of the 2018 Option Agreement. In August 2019, the Company and USARE entered into an amended and restated option agreement as further amended on June 29, 2020 (the “2019 Option Agreement” and collectively with the 2018 Option Agreement, the “Option Agreement”), whereby the Company restated its agreement to grant USARE the exclusive right to earn and acquire a 70 % interest, increasable to an 80 % interest, in the Round Top Project. In May 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 Round Top, at the time a wholly-owned subsidiary of the Company, in exchange for their initial ownership interests in Round Top, of which the Company initially owned a membership interest equating to 20 80 Upon entry into the Contribution Agreement, the Company assigned the following contracts and assets to Round Top in exchange for its initial 20 ● the assignment and assumption agreement with respect to the mineral leases from the Company to Round Top; ● the assignment and assumption agreement with respect to the surface lease from the Company to Round Top; ● the assignment and assumption agreement with respect to the surface purchase option from the Company to Round Top; ● the assignment and assumption agreement with respect to the water lease from the Company to Round Top; and ● the bill of sale and assignment agreement of existing data and other relevant contracts and permits with respect to Round Top owned by the Company. Upon entry into the Contribution Agreement, USARE assigned the following assets to Round Top (or the Company, as applicable) for its initial 80 ● cash to Round Top to continue to fund Round Top operations in the amount of approximately $ 3,761,750 10 70 ● cash in the amount of $ 3 10 80 ● bill of sale and assignment agreement of the Pilot Plant and other relevant contracts and permits to Round Top; and ● bill of sale and assignment agreement of existing data and intellectual property owned by USARE to Round Top. On June 26, 2023, the Company, USARE and the manager amended and restated the Operating Agreement and the following material amendments to the Operating Agreement were adopted: Cash Calls On the basis of the adopted program and budget then in effect, the manager will submit to each member monthly cash calls at least 10 10 Remedies for Failure to Meet Cash Calls Non-Contribution 5 Dilution Maximum Dilution 3 Adjustment of Interests ● the numerator of which equals the Shortfall Amount actually funded by USARE; and ● the denominator of which equals the market capitalization of the Company. Distributions Cash in excess of authorized reserves will be distributed to the members pro-rata in proportion to their respective interests on a periodic basis as determined by the management committee. RTMD will be required to make tax distributions to each member. Once USARE has been paid the Priority Distribution, if applicable, all distributions made in connection with the sale or exchange of all or substantially all of RTMD’s assets and all distributions made in connection with the liquidation of RTMD will be made to the members pro-rata in accordance with their respective interests. Other material terms of the Operating Agreement that remain unchanged are as follows: Management A management committee will make the major decisions of RTMD, such as approval of the respective program and budget, and the manager will implement such decisions. The management committee consists of three representatives of the members, with two being appointed by USARE and one by the Company which is Dan Gorski. The representatives vote the ownership percentage interests of their appointing member. Management Committee Meetings Meetings will be held every three months unless otherwise agreed. For matters before the management committee that require a vote, voting is by simple majority except for certain “major decisions” that require a unanimous vote. So long as the Company maintains a 15 nine 15 five ● approval of an amendment to any program and budget that causes the program and budget to increase by 15 ● other than purchase money security interests or other security interests in RTMD equipment to finance the acquisition or lease of RTMD equipment used in operations, the consummation of a project financing or the incurrence by RTMD of any indebtedness for borrowed money that requires the guarantee by any member of any obligations of RTMD; ● substitution of a member under certain circumstances and dissolution of RTMD; ● the issuance of an ownership interest or other equity interest in RTMD, or the admission of any person as a new member of RTMD, other than in connection with the exercise of a right of first offer by a member; ● the redemption of all or any portion of an ownership interest, except for limited circumstances provided for in the Operating Agreement; ● a decision to grant authorization for RTMD to file a petition for relief under any chapter of the United States Bankruptcy Code, to consent to such relief in any involuntary petition filed against RTMD by any third party, or to admit in writing any insolvency of RTMD or inability to pay its debts as they become due, or to consent to any receivership of RTMD; ● acquisition or disposition of significant mineral rights, other real property or water rights outside of the area of interest as set forth in the Operating Agreement or outside of the ordinary course of business; ● the merger of RTMD into or with any other entity; and ● the sale of all or substantially all of RTMD’s assets. Manager The manager will manage, direct and control operations in accordance with program and budget, will prepare and present to the management committee a proposed program and budget, and will generally oversee and implement all of the day to day activities of RTMD. The manager will conduct necessary equipment and materials procurement and property and equipment maintenance activities, with all operations to be conducted in accordance with adopted program and budget. The Company accounts for its interest in Round Top using the proportionate consolidation method, which is an exception available to entities in the extractive industries, thereby recognizing its pro-rate share of the assets, liabilities, and operations of Round Top in the appropriate classifications in the financial statements.

MINERAL PROPERTIES

MINERAL PROPERTIES	12 Months Ended
	Aug. 31, 2024
Extractive Industries [Abstract]
MINERAL PROPERTIES	NOTE 4 – MINERAL PROPERTIES As further discussed in Note 3, Joint Venture Arrangements, in May 2021, the Company assigned all rights and obligations related to the Round Top Project to Round Top in exchange for a 20 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, Round Top is obligated to pay the State of Texas a total lease bonus of $ 142,518 44,718 97,800 500,000 eight six and one quarter 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 2024, Round Top 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 acres of land that is adjacent to the August 2010 Lease. Under the lease, the Company paid the State of Texas a lease bonus of $ 20,700 upon the execution of the lease. Upon the sale of minerals removed from the Round Top Project, Round Top will be required to pay the State of Texas a $ 50,000 minimum advance royalty. Thereafter, if paying quantities of minerals are obtained, Round Top will be required to pay the State of Texas a production royalty equal to eight percent of the market value of uranium and other fissionable materials removed and sold from the Round Top Project and six and one quarter 1 ) year periods pursuant to the following schedule: 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 2024, Round Top 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 groundwater lease. 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 5,000 0.95 20,000 Potential Santa Fe Gold Corporation/Alhambra Project In November 2021, the Company entered into a mineral exploration and option agreement with Santa Fe Gold Corporation (“Santa Fe”). Under the option agreement, the Company has the right to pursue a joint venture arrangement with Santa Fe 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, if any, 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 contemplated terms of the proposed joint venture agreement, the Company would be project operator and initially own 50.5 49.5 Under the terms of the option agreement, the Company plans to conduct a district-wide evaluation among the patented and unpatented claims held by Santa Fe, as well as the area of interest, consisting of geologic mapping, sampling, trenching, radiometric surveying, geophysics, drilling and/or other methods as warranted. Based on the district-wide evaluation, the Company would designate a “project area or areas,” the size or sizes of which will be decided at the time, and commence development work. The property covered in the option agreement is approximately 1,600 75 two 60

INCOME TAXES

INCOME TAXES	12 Months Ended
	Aug. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 5 – INCOME TAXES The following table sets forth a reconciliation of the federal income tax benefit to the United States federal statutory rate of 21 Schedule of effective income tax rate reconciliation 2024 2023 Income tax benefit at 21% statutory rate $ 174,932 $ 544,311 Stock-based compensation (51,398 ) (199,950 ) Increase in valuation allowance (123,534 ) (344,361 ) $ — $ — The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as a deferred tax asset and liability. Significant components of the deferred tax assets are set out below along with a valuation allowance to reduce the net deferred tax asset to zero. Management has established a valuation allowance because, based on an analysis of the tax benefits underlying deferred tax assets, it is unable to establish that it is more-likely-than-not that a tax benefit will be realized. Significant components of deferred tax asset at August 31, 2024 and 2023 are as follows: Schedule of deferred tax assets and liabilities 2024 2023 Net operating loss carryforward $ 4,810,496 $ 4,702,990 Difference in property and equipment basis 977,043 961,015 Less valuation allowance (5,787,539 ) (5,664,005 ) Net deferred tax asset $ — $ — As a result of a change in control effective in April 2007, net operating losses prior to that date may be partially or entirely unavailable under tax law, to offset future income and; accordingly, these net operating losses are excluded from deferred tax assets. The net operating loss carryforward in the approximate amount of $ 22,983,000

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	12 Months Ended
	Aug. 31, 2024
Equity [Abstract]
SHAREHOLDERS’ EQUITY	NOTE 6 – 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. Following is an analysis of common stock issuances during the years ended August 31, 2024 and 2023: Issuances during the fiscal year ended August 31, 2024 In October 2023, the Company issued 56,547 During the year ended August 31, 2024, the Company issued 509,017 152,845 52,833 244,599 During the year ended August 31, 2024, the holder of 50,000 11,000 0.22 Issuances during the fiscal year ended August 31, 2023 In October 2022, we issued 26,833 During the year ended August 31, 2023, the Company issued 109,711 128,167 39,503 56,547 In January 2020, the Company entered into three separate consulting agreements for total consideration of 699,999 233,333 448,000 0.64 24 699,999 87,501 no 612,498 During the year ended August 31, 2023, the holders of 110,000 38,000 0.22 0.45 Options The following table sets forth certain information as of August 31, 2024 and 2023 concerning common stock that may be issued upon the exercise of options issued under the Amended 2008 Plan and outside of the Amended 2008 Plan (all options are fully vested and exercisable at August 31, 2024 and 2023): Schedule of options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding, vested and exercisable at August 31, 2022 520,000 $ 0.31 2.79 $ 693,300 Options granted 620,000 1.11 — — Options exercised (110,000 ) 0.35 — — Options cancelled/forfeited/expired -- 0.45 — — Outstanding, vested and exercisable at August 31, 2023 1,030,000 0.31 2.79 693,300 Options granted 120,000 1.97 — — Options exercised (50,000 ) 0.22 — — Options cancelled forfeited/expired (120,000 ) 0.45 — — Options vested and exercisable at August 31, 2024 920,000 $ 0.91 4.37 $ 784,476 In September 2008, the Board adopted the 2008 Stock Option Plan (the “2008 Plan”), which was approved by the Company’s shareholders and provided 2,000,000 7,000,000 During the year ended August 31, 2024, the Company granted a total of 120,000 39,075 4.00 202 0.00 5 39,075 During the year ended August 31, 2024, the holder of 50,000 11,000 0.22 During the year ended August 31, 2023, the Company granted a total of 120,000 146,928 4.00 202 0.00 5 146,928 During the year ended August 31, 2023, the Company granted a total of 500,000 637,548 5.00 194 0.00 5 637,548 Warrants Warrant activity for the years ended August 31, 2024 and 2023 was as follows: Schedule of warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding and exercisable at August 31, 2022 12,000 $ 0.04 1.0 $ 23,780 Warrants granted — — — — Warrants exercised — — — — Warrants cancelled/forfeited/expired (12,000 ) 0.04 — — Outstanding and exercisable at August 31, 2023 — — — — Warrants granted — — — — Warrants exercised — — — — Warrants cancelled forfeited/expired — — — — Outstanding and exercisable at August 31, 2024 — $ — — $ —

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Aug. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS In October 2024, we issued 244,599

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES (Policies)	12 Months Ended
	Aug. 31, 2024
Accounting Policies [Abstract]
Exploration-Stage Company	Exploration-Stage Company Since January 1, 2009, the Company has been classified as an “exploration stage” company for purposes of Item 1300 of the U.S. Securities and Exchange Commission (“SEC”). Under Item 1300, companies engaged in significant mining operations are classified into three categories, referred to as “stages” - exploration, development, and production. Exploration stage includes all companies that do not have established reserves in accordance with Item 1300. Such companies are deemed to be “in the search for mineral deposits.” Notwithstanding the nature and extent of development-type or production-type activities that have been undertaken or completed, a company cannot be classified as a development or production stage company unless it has established reserves in accordance with Item 1300.
Basis of Presentation	Basis of Presentation The Company’s financial records are maintained on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).
Principles of Consolidation	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. All significant intercompany balances and transactions have been eliminated.
Going Concern	Going Concern These financial statements have been prepared assuming that the Company will continue as a going concern. The Company has an accumulated deficit from inception through August 31, 2024, of approximately $ 43,177,000 At August 31, 2024, the Company had a working capital surplus of approximately $ 432,000 We do not have sufficient cash on hand to fund any portion of the Round Top Budget during our current fiscal year nor to fund general and administrative expenditures throughout our current fiscal year (we have sufficient capital to fund our estimated general and administrative expenses only through February 2025). In accordance with our current projected budget, the Company does not have sufficient capital to fund its total cash calls and expected general and administrative expenses during the fiscal year ending August 31, 2025. Failure by the Company to make required cash calls to Round Top during the twelve month period from the issuance date of these financial statements, would result in dilution to its membership interest in Round Top, which is 19.323
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents currently consist only of demand deposits at commercial banks. The Company maintains cash and cash equivalents at banks selected by management based upon their assessment of the financial stability of the institution. Balances periodically exceed the federal depository insurance limit; however, the Company has not experienced any losses on deposits.
Short-term investments	Short-term investments Short-term investments consists of certificates of deposit and similar time-based deposits with financial institutions with original maturity dates over three months twelve months
Property and Equipment	Property and Equipment Property and equipment consist primarily of vehicles, furniture and equipment, and are recorded at cost. Expenditures related to acquiring or extending the useful life of property and equipment are capitalized. Expenditures for repair and maintenance are charged to operations as incurred. Depreciation is computed using the straight-line method over an estimated useful life of 3 20
Lease Deposits	Lease Deposits From time to time, the Company makes deposits in anticipation of executing leases. The deposits are capitalized upon execution of the applicable agreements.
Long-lived Assets	Long-lived Assets The Company reviews the recoverability of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable through operations. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC 360”), Property, Plant and Equipment.
Mineral Exploration and Development Costs	Mineral Exploration and Development Costs All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If the Company does not continue with exploration after the completion of the feasibility study, the mineral rights will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if these costs are in excess of their recoverable amount, periodic evaluation of carrying value of capitalized costs and any related property and equipment costs are based upon expected future cash flows and/or estimated salvage value in accordance with ASC 360-10-35-15, Impairment or Disposal of Long-Lived Assets.
Share-based Payments	Share-based Payments The Company estimates the fair value of share-based compensation on the date of grant using the Black-Scholes valuation model, in accordance with the provisions of ASC 718, Stock Compensation
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method, in accordance with ASC 740, Income Taxes The Company recognizes and measures a tax benefit from uncertain tax positions when it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The Company recognizes a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return. The Company adjusts these liabilities when its judgement changes as a result of the evaluation of new information not previously available. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate or future recognition of an unrecognized tax benefit. These differences will be reflected as increases or decreases to income tax expense in the period in which they are determined. The Company recognizes interest and penalties related to unrecognized tax positions within the income tax expense line in the consolidated statements of operations. Management believes the Company has no uncertain tax positions at August 31, 2024 and 2023.
Basic and Diluted Income (Loss) Per Share	Basic and Diluted Income (Loss) Per Share The Company computes income (loss) per share in accordance with ASC 260, Earnings Per Share At August 31, 2024, options to purchase 920,000
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value Measurements	Fair Value Measurements The Company accounts for assets and liabilities measured at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures. ● Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. ● Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. ● Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. The Company’s financial instruments consist principally of cash, short-term investments and accounts payable and accrued liabilities. The carrying amounts of such financial instruments in the accompanying financial statements approximate their fair values due to their relatively short-term nature. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.

MINERAL PROPERTIES (Tables)

MINERAL PROPERTIES (Tables)	12 Months Ended
	Aug. 31, 2024
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

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Aug. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	The following table sets forth a reconciliation of the federal income tax benefit to the United States federal statutory rate of 21 Schedule of effective income tax rate reconciliation 2024 2023 Income tax benefit at 21% statutory rate $ 174,932 $ 544,311 Stock-based compensation (51,398 ) (199,950 ) Increase in valuation allowance (123,534 ) (344,361 ) $ — $ —
Schedule of deferred tax assets and liabilities	Management has established a valuation allowance because, based on an analysis of the tax benefits underlying deferred tax assets, it is unable to establish that it is more-likely-than-not that a tax benefit will be realized. Significant components of deferred tax asset at August 31, 2024 and 2023 are as follows: Schedule of deferred tax assets and liabilities 2024 2023 Net operating loss carryforward $ 4,810,496 $ 4,702,990 Difference in property and equipment basis 977,043 961,015 Less valuation allowance (5,787,539 ) (5,664,005 ) Net deferred tax asset $ — $ —

SHAREHOLDERS_ EQUITY (Tables)

SHAREHOLDERS’ EQUITY (Tables)	12 Months Ended
	Aug. 31, 2024
Equity [Abstract]
Schedule of options	The following table sets forth certain information as of August 31, 2024 and 2023 concerning common stock that may be issued upon the exercise of options issued under the Amended 2008 Plan and outside of the Amended 2008 Plan (all options are fully vested and exercisable at August 31, 2024 and 2023): Schedule of options Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding, vested and exercisable at August 31, 2022 520,000 $ 0.31 2.79 $ 693,300 Options granted 620,000 1.11 — — Options exercised (110,000 ) 0.35 — — Options cancelled/forfeited/expired -- 0.45 — — Outstanding, vested and exercisable at August 31, 2023 1,030,000 0.31 2.79 693,300 Options granted 120,000 1.97 — — Options exercised (50,000 ) 0.22 — — Options cancelled forfeited/expired (120,000 ) 0.45 — — Options vested and exercisable at August 31, 2024 920,000 $ 0.91 4.37 $ 784,476
Schedule of warrants	Warrant activity for the years ended August 31, 2024 and 2023 was as follows: Schedule of warrants Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (In Years) Aggregate Intrinsic Value Outstanding and exercisable at August 31, 2022 12,000 $ 0.04 1.0 $ 23,780 Warrants granted — — — — Warrants exercised — — — — Warrants cancelled/forfeited/expired (12,000 ) 0.04 — — Outstanding and exercisable at August 31, 2023 — — — — Warrants granted — — — — Warrants exercised — — — — Warrants cancelled forfeited/expired — — — — Outstanding and exercisable at August 31, 2024 — $ — — $ —

ORGANIZATION AND NATURE OF BU_2

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative)	Aug. 31, 2024 a Number	May 17, 2021
Round Top Mountain Development Company LLC [Member]
Number of leases held | Number	2
Area of project	950
Surface rights - acres	9,345
Round Top Mountain Development Company [Member]
Ownership interest	19.323%	20%

SUMMARY OF ACCOUNTING POLICIE_2

SUMMARY OF ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Property, Plant and Equipment [Line Items]
Accumulated deficit	$ (43,177,031)	$ (42,344,022)
Working capital surplus	$ 432,000
Antidilutive shares	920,000
Minimum [Member]
Property, Plant and Equipment [Line Items]
Time based deposits	3 months
Useful life	3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Time based deposits	12 months
Useful life	20 years
Round Top Mountain Development Company LLC [Member]
Property, Plant and Equipment [Line Items]
Ownership interest	19.323%

JOINT VENTURE ARRANGEMENTS (Det

JOINT VENTURE ARRANGEMENTS (Details Narrative)	1 Months Ended		12 Months Ended
	Aug. 31, 2019	Aug. 31, 2018 USD ($)	Aug. 31, 2024 Number	May 17, 2021 USD ($)
Round Top Mountain Development Company [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest			19.323%	20%
Cash asssigned for exercise of joint venture option				$ 3,000,000
Period before last day of month for manager to submit cash call to members			10 days
Period after receipt for payment of cash call			10 days
Minimum ownership percentage for unanimous decisions			15%
Number of decisions requiring unanimous approval with minimum ownership interest | Number			9
Number of decisions requiring unanimous approval below minimum ownership interest | Number			5
Minimum budget or program increase percentage requiiring unanimous approval			15%
Round Top Mountain Development Company [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest			3%
Round Top Mountain Development Company LLC [Member] | USARE [Member]
Schedule of Equity Method Investments [Line Items]
Initial Ownership Interest under Agreement	70%	70%
Contribution for Initial Ownership Interest under Agreement		$ 10,000,000
Increasable Ownership Interest under Agreement	80%	80%
Additional Contribution for Increasable Ownership Interest under Agreement		$ 3,000,000
Controlling ownership interest				80%
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%
Additional ownership interest acquired				10%
Period of business days after non-contribution for shortfall contribution			5 days

Schedule of August 2010 Lease (

Schedule of August 2010 Lease (Details)	Aug. 31, 2024 USD ($) $ / 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)	Aug. 31, 2024 USD ($) $ / 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)						12 Months Ended
	Nov. 08, 2021 a mi	Oct. 29, 2014 USD ($) a mi $ / gal	Mar. 06, 2013 USD ($) a shares	Nov. 01, 2011 USD ($) a	Aug. 17, 2010 USD ($) a	Aug. 31, 2024 USD ($)	Aug. 31, 2023 USD ($)	May 17, 2021
Value of shares issued for lease
Santa Fe Joint Venture [Member]
Controlling ownership interest	50.50%
Area of property covered under agreement | a	1,600
Percentage of known mining district covered	75%
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%
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%
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
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%
Round Top Mountain Development Company [Member]
Ownership interest						19.323%		20%

Schedule of effective income ta

Schedule of effective income tax rate reconciliation (Details) - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Income Tax Disclosure [Abstract]
Federal statutory rate	21%	21%
Income tax benefit at 21% statutory rate	$ 174,932	$ 544,311
Stock-based compensation	(51,398)	(199,950)
Increase in valuation allowance	(123,534)	(344,361)
Reconciliation of the federal income tax benefit

Schedule of deferred tax assets

Schedule of deferred tax assets and liabilities (Details) - USD ($)	Aug. 31, 2024	Aug. 31, 2023
Income Tax Disclosure [Abstract]
Net operating loss carryforward	$ 4,810,496	$ 4,702,990
Difference in property and equipment basis	977,043	961,015
Less valuation allowance	(5,787,539)	(5,664,005)
Net deferred tax asset

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	Aug. 31, 2024 USD ($)
Income Tax Disclosure [Abstract]
Operating loss carryforwards	$ 22,983,000

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) - USD ($)	1 Months Ended				12 Months Ended		32 Months Ended	72 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022	Jan. 31, 2020	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2016	Sep. 30, 2008
Class of Stock [Line Items]
Common stock, shares authorized					100,000,000	100,000,000
Common stock, par or stated value per share					$ 0.01	$ 0.01
Preferred stock, shares authorized					10,000,000	10,000,000
Preferred stock, par or stated value per share					$ 0.001	$ 0.001
Additional paid in capital					$ 43,297,421	$ 43,047,824
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
Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Shares issued					50,000	110,000
Total cash consideration					$ 11,000	$ 38,000
Option exercise price					$ 0.22	$ 0.35
Options granted					120,000	620,000
Share-Based Payment Arrangement, Option [Member] | Minimum [Member]
Class of Stock [Line Items]
Option exercise price						$ 0.22
Share-Based Payment Arrangement, Option [Member] | Maximum [Member]
Class of Stock [Line Items]
Option exercise price						$ 0.45
Stock Option 2008 Plan [Member]
Class of Stock [Line Items]
Number of options available for grant									2,000,000
Additional shares authorized								7,000,000
Director [Member] | Share-Based Payment Arrangement [Member]
Class of Stock [Line Items]
Number of shares issued		56,547	26,833		509,017	109,711
Stock issued during period, value, issued for services					$ 152,845	$ 128,167
Additional paid in capital					52,833	$ 39,503
Director [Member] | Share-Based Payment Arrangement [Member] | Subsequent Event [Member]
Class of Stock [Line Items]
Number of shares issued	244,599
Consultant [Member] | Share-Based Payment Arrangement [Member]
Class of Stock [Line Items]
Share vesting period				24 months
Number of shares vested							699,999
Number of shares issued						612,498	87,501
Value of shares granted					0	$ 0
Consultant [Member] | Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Value of shares granted					$ 39,075	$ 146,928
Options granted					120,000	120,000
Value of shares granted					$ 39,075	$ 146,928
Fair value assumptions - risk free interest rate					4%	4%
Fair value assumptions - volatilty					202%	202%
Fair value assumptions - dividend yield					0%	0%
Fair value assumptions - expected term					5 years	5 years
Board of Directors Chairman [Member] | Share-Based Payment Arrangement, Option [Member]
Class of Stock [Line Items]
Value of shares granted						$ 637,548
Options granted						500,000
Value of shares granted						$ 637,548
Fair value assumptions - risk free interest rate						5%
Fair value assumptions - volatilty						194%
Fair value assumptions - dividend yield						0%
Fair value assumptions - expected term						5 years

Schedule of options (Details)

Schedule of options (Details) - Share-Based Payment Arrangement, Option [Member] - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding, vested and exercisable at beginning	1,030,000	520,000
Outstanding, weighted average exercise price at beginning	$ 0.31	$ 0.31
Outstanding, weighted average remaining contractual life	4 years 4 months 13 days	2 years 9 months 14 days	2 years 9 months 14 days
Outstanding, aggregate intrinsic value at beginning	$ 693,300	$ 693,300
Options granted	120,000	620,000
Options granted, weighted average exercise price	$ 1.97	$ 1.11
Options exercised	(50,000)	(110,000)
Options exercised, weighted average exercise price	$ 0.22	$ 0.35
Options cancelled/forfeited/expired	(120,000)
Options cancelled/forfeited/expired, weighted average exercise price	$ 0.45	$ 0.45
Outstanding, vested and exercisable at ending	920,000	1,030,000	520,000
Outstanding, weighted average exercise price at ending	$ 0.91	$ 0.31	$ 0.31
Outstanding, aggregate intrinsic value at ending	$ 784,476	$ 693,300	$ 693,300

Schedule of warrants (Details)

Schedule of warrants (Details) - Warrant [Member] - USD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Outstanding and exercisable at beginning		12,000
Outstanding, weighted average exercise price at beginning		$ 0.04
Outstanding, weighted average remaining contractual life			1 year
Outstanding, aggregate intrinsic value at beginning		$ 23,780
Warrants cancelled/forfeited/expired		(12,000)
Warrants cancelled/forfeited/expired, weighted average exercise price		$ 0.04
Outstanding and exercisable at ending			12,000
Outstanding, weighted average exercise price at ending			$ 0.04
Outstanding, aggregate intrinsic value at ending			$ 23,780

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	1 Months Ended
	Oct. 31, 2024 shares
Director [Member] | Share-Based Payment Arrangement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Number of shares issued	244,599