SHARE CAPITAL (Tables)

12 Months Ended

Aug. 31, 2023

Disclosure of classes of share capital [abstract]

Disclosure of number and weighted average exercise prices of share options [Table Text Block]

	Number of Share Options			Average Exercise Price in CAD
Options outstanding at August 31, 2021	3,808,521		$	3.96
Granted	1,273,000		$	2.36
Expired	(1,256,517	)	$	4.08
Exercised	(158,333	)	$	1.86
Options outstanding at August 31, 2022	3,666,671		$	3.45
Granted	1,358,000		$	2.36
Forfeited	(170,167	)	$	3.20
Exercised	(60,667	)	$	1.81
Options outstanding at August 31, 2023	4,793,837		$	3.17

Disclosure of number and weighted average remaining contractual life of outstanding share options [Table Text Block]

Number Outstanding at August 31, 2023	Number Exercisable at August 31, 2023	Exercise Price in CAD		Average Remaining Contractual Life (Years)
937,000	644,778	$	6.58	2.30
99,000	66,000	$	3.90	2.94
42,000	14,000	$	3.40	3.06
601,836	666,836	$	2.61	0.61
21,000	7,000	$	2.52	3.50
1,113,000	-	$	2.37	4.09
1,135,000	388,333	$	2.32	3.29
200,000	-	$	2.28	4.69
645,001	645,001	$	1.81	1.26
4,793,837	2,431,948			2.72

Disclosure of assumptions used in valuing stock options granted [Table Text Block]

Year ended	August 31, 2023	August 31, 2022
Risk-free interest rate	3.45%	1.18%
Expected life of options	3.9 years	3.5 years
Annualized volatility1	89%	87%
Forfeiture rate	0.6%	2.0%
Dividend rate	0.0%	0.0%

¹The Company uses its historical volatility as the basis for the expected volatility assumption in the Black Scholes option pricing model.