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DERIVATIVE LIABILITIES
3 Months Ended
Nov. 30, 2024
Disclosure Text Block [Abstract]  
Derivatives and Fair Value [Text Block]

NOTE 6  DERIVATIVE LIABILITIES

 

The Company accounts for the embedded conversion features included in its convertible instruments as derivative liabilities. At each measurement date, the fair value of the embedded conversion features was based on the lattice binomial method using the following assumptions:

 

   

November 30,

2024

   

August 31,

2024

 

Effective Exercise price

    0.0045       0.0032  

Effective Market price

    0.009       0.0016  

Volatility

    75 %     41 %

Risk-free interest

    4.3 %     4.38 %

Terms

 

365 days

   

365 days

 

Expected dividend rate

    0 %     0 %

 

Changes in the derivative liabilities during the three-month period ended November 30, 2024 is as follows:

 

Balance at August 31, 2024

  $ 375,792  

Changes in fair value of derivative liabilities

    34,350  

Balance, November 30, 2024

  $ 410,142