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Share based payment reserve (Tables)
12 Months Ended
Aug. 31, 2022
IfrsStatementLineItems [Line Items]  
Schedule of reserve for share based payments
          
   2022   2021 
Balance at beginning of year  $5,680   $2,748 
Share based compensation – expense   3,113    2,933 
Transfer of reserve on exercise of options and other share-based awards   (1,968)   (1)
Balance at end of year  $6,825   $5,680 
Schedule of continuity of outstanding stock options
        
   Number of stock options   Weighted average exercise price per share
Balance – August 31, 2020   7,352,000   CAD $0.41
Options exercised   (1,000)  CAD $0.40
Balance – August 31, 2021   7,351,000   CAD $0.41
Options exercised   (450,000)  CAD $0.42
Options expired   (1,565,000)  CAD $0.41
Balance – August 31, 2022   5,336,000   CAD $0.41
Schedule of Options to purchase common shares carry exercise prices and terms to maturity
            
         Remaining
Exercise price (1)  Number of options  Expiry  contractual
Outstanding $  Outstanding  Exercisable  Date  life (years) (1)
CAD $0.40  2,454,000  2,454,000  October 11, 2026  4.1
CAD $0.43  2,782,000  2,782,000  September 29, 2026  4.1
CAD $0.35  100,000  100,000  January 2, 2027  4.3
CAD $0.41  5,336,000  5,336,000     4.1

 

(1) Total represents weighted average.
Schedule of assumptions
     
Risk-free interest rate   3.35%
Expected life of stock options (in years)   3.8 
Expected volatility of the share price   68.89%
Expected dividend yield   0.0 
Schedule of restricted stock outstanding
     
   Number of restricted share units 
Balance – August 31, 2021   - 
Granted   1,855,276 
Balance – August 31, 2022   1,855,276 
Stock Options [Member]  
IfrsStatementLineItems [Line Items]  
Schedule of continuity of outstanding stock options
        
   Number of stock options   Weighted average exercise price per share
Balance – August 31, 2020  -   -
Balance – August 31, 2021   -   -
Options issued   7,375,000   USD $0.50
Balance – August 31, 2022   7,375,000   USD $0.50
Schedule of Options to purchase common shares carry exercise prices and terms to maturity
            
         Remaining
Exercise price  Number of options  Expiry  contractual
Outstanding $  Outstanding  Exercisable  Date  life (years)
USD $0.50  7,375,000  1,475,000  August 17, 2027  5.0

 

The weighted average fair value of stock options granted in 2022 was $0.25.