10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended  November 30, 2020

or

[  ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________________ to ____________________

Commission File Number 000-51866

Enertopia Corporation
(Exact name of registrant as specified in its charter)

Nevada	20-1970188
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)

#22 1873 Spall Road, Kelowna, BC	V1Y 4R2
(Address of principal executive offices)	(Zip Code)

250-870-2219
(Registrant's telephone number, including area code)

Enertopia Corporation
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

[X]  YES         [   ]  NO     

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a small reporting company.  See the definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act

Large accelerated filer  [  ]	Accelerated filer                    [  ]
Non-accelerated filer    [  ] (Do not check if a smaller reporting company)	Smaller reporting company   [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act

[  ]  YES     [X]  NO

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court.   

[  ]  YES     [  ]  NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
128,471,700 common shares issued and outstanding as of November 30, 2020

PART 1 - FINANCIAL INFORMATION

Item 1. Financial Statements.

Our unaudited condensed financial statements for the three month period ended November 30, 2020 form part of this quarterly report.  They are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.

ENERTOPIA CORP. 

UNAUDITED CONDENSED INTERIM BALANCE SHEETS

(Expressed in U.S. Dollars)

				November 30			August 31
				2020			2020
ASSETS
Current
	Cash and cash equivalents		$	257,275		$	45,528
	Marketable securities (Note 4)			39,429			24,354
	Accounts receivable			2,318			1,508
	Prepaid expenses and deposit			22,542			14,824
Total current assets				321,564			86,214
Total Assets			$	321,564		$	86,214
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Current
	Accounts payable		$	292,883		$	290,336
	Due to related parties (Note 6)			183,584			188,834
Total Current Liabilities				476,467			479,170
STOCKHOLDERS' EQUITY
Share capital
	Authorized:
		200,000,000 common shares with a par value of $0.001 per share
	Issued and outstanding:
		128,471,700 common shares at November 30, 2020 and August 31,2020: 128,471,700		128,473			128,473
Additional paid-in capital (Note 7)				13,774,048			13,758,598
Deficit accumulated during the exploration stage				(14,057,424	)		(14,280,027	)
Total Stockholders' Equity				(154,903	)		(392,956	)
Total Liabilities and Stockholders' Equity			$	321,564		$	86,214
Commitments (Note 9)
Subsequent Events (Note 11)

The accompanying notes are an integral part of these unaudited condensed interim financial statements

F-1

ENERTOPIA CORP. 

CONDENSED INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) 

(Expressed in U.S. Dollars)

	COMMON STOCK				ADDITIONAL					TOTAL
					PAID-IN		DEFICIT			STOCKHOLDERS'
	SHARES		AMOUNT		CAPITAL		ACCUMULATED			EQUITY
Balance, August 31, 2019	127,471,700	$	127,473	$	13,730,801	$	(14,314,159	)	$	(455,885	)
Shares issued for LOI on October 28	1,000,000		1,000		10,489		-			11,489
Comprehensive loss	-		-		-		(49,607	)		(49,607	)
Balance, November 30, 2019	128,471,700		128,473		13,741,290		(14,363,766	)		(494,003	)
Stock options granted on February 25					17,308					17,308
Comprehensive Income (loss)	-		-		-		145,785			145,785
Balance, February 29, 2020	128,471,700		128,473		13,758,598		(14,217,981	)		(330,910	)
Comprehensive loss	-		-		-		(30,797	)		(30,797	)
Balance, May 31, 2020	128,471,700		128,473		13,758,598		(14,248,778	)		(361,707	)
Comprehensive loss	-		-		-		(31,249	)		(31,249	)
Balance, August 31, 2020	128,471,700		128,473		13,758,598		(14,280,027	)		(392,956	)
Stock options granted on November 12	-		-		15,450		-			15,450
Comprehensive income (loss)	-		-		-		222,603			222,603
Balance, November 30, 2020	128,471,700		128,473		13,774,048		(14,057,424	)		(154,903	)

The accompanying notes are an integral part of these unaudited condensed interim financial statements

F-2

ENERTOPIA CORP.

CONDENSED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED)

(Expressed in U.S. Dollars)

			THREE MONTHS ENDED
			November 30			November 30
			2020			2019
Expenses
	Accounting and audit	$	5,235		$	6,349
	Bank charges and interest expense		225			545
	Consulting (Note 6)		3,000			10,500
	Mineral exploration costs		1,373			12,578
	Fees and dues		6,816			5,710
	Insurance		-			3,605
	Investor relations		4,247			5,735
	Legal and professional		3,913			2,390
	Office and miscellaneous		1,008			127
	Research and Development		1,984			494
	Rent		-			1,474
	Stock based compensation (Note 8)		15,450			-
Total expenses			43,251			49,507
Loss for the period before other items			(43,251	)		(49,507	)
Other income (expense)
	Foreign exchange gain (loss)		(1,290	)		(100	)
	Unrealized gain on marketable securities		16,250			-
	Realized gain on marketable securities		894			-
	Income from royalty granted (Note 5)		250,000			-
Net Income (loss) and comprehensive Income (loss) for the period		$	222,603		$	(49,607	)
Basic Income (loss) per share		$	0.00		$	(0.00	)
Diluted Income (loss) per share		$	0.00		$	(0.00	)
Weighted average number of common shares  outstanding - basic			128,471,700			127,834,337
Weighted average number of common shares outstanding - diluted			128,940,297			127,834,337

The accompanying notes are an integral part of these unaudited condensed interim financial statements

F-3

ENERTOPIA CORP. 

CONDENSED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED)

(Expressed in U.S. Dollars)

				THREE MONTHS ENDED
				November 30			November 30
				2020			2019
Cash flows used in operating activities
	Net Income (loss)		$	222,603			(49,607	)
	Changes to reconcile net loss to net cash used in operating activities
		Shares issued for exploration cost		-			11,489
		Stock based compensation		15,450			-
		Income from Royalty grant		(250,000	)		-
		Unrealized gain on marketable securities		(16,250	)		-
		Gain on disposal of marketable securities		(894	)		-
		Interest on loan payable		-			378
	Change in non-cash working capital items:
		Accounts receivable		(810	)		(1,212	)
		Prepaid expenses and deposit		(7,718	)		18,450
		Accounts payable and accrued liabilities		2,547			3,812
		Due to related parties		(5,250	)		14,339
Net cash (used in) operating activities				(40,322	)		(2,351	)
Cash flows from Investing activities
	Proceeds from disposal of marketable securities			2,069			-
	Proceeds from royalty grant			250,000			-
Net cash from investing activities				252,069			-
Increase (Decrease) in cash and cash equivalents				211,747			(2,351	)
	Cash and cash equivalents, beginning of period			45,528			9,758
Cash and cash equivalents, end of period			$	257,275			7,407
Supplemental information of cash flows
	Interest paid in cash		$	-		$	-
	Income taxes paid in cash		$	-		$	-

The accompanying notes are an integral part of these unaudited condensed interim financial statements

F-4

ENERTOPIA CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS (UNAUDITED)
November 30, 2020

(Expressed in U.S. Dollars)

1.ORGANIZATION

The unaudited condensed interim financial statements for the period ended November 30, 2020 included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These unaudited condensed interim financial statements should be read in conjunction with the August 31, 2020 audited annual financial statements and notes thereto. 

The Company was formed on November 24, 2004 under the laws of the State of Nevada and commenced operations on November 24, 2004. The Company was an independent natural resource company engaged in the exploration, development and acquisition of natural resources in the United States and Canada.  In the fiscal year 2010, the Company shifted its strategic plan from its non-renewal energy operations to its planned renewal energy operations and natural resource acquisition and development. In late summer of 2013, the Company had another business sector in alternative health and wellness. During spring of 2016, the Company shifted its strategic plan to natural resource acquisitions and Lithium brine extraction technology. The Company office is located in Kelowna, B.C., Canada. 

2.GOING CONCERN UNCERTAINTY

The accompanying unaudited condensed interim financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business for the foreseeable future. The Company had a working capital deficit of $154,903 as at November 30, 2020 ($392,956 as at August 31, 2020).  The Company incurred net cash outflows from operating activities of $40,322 for the three months ended November 30, 2020 ($2,351 for the three months ended November 30, 2019) and as at November 30, 2020 has incurred cumulative losses of $14,057,424 that raises substantial doubt about its ability to continue as a going concern.  Management has been able, thus far, to finance the operations through equity financing and cash on hand.  There is no assurance that the Company will be able to continue to finance the Company on this basis.

In view of these conditions, the ability of the Company to continue as a going concern is in substantial doubt and dependent upon its ability to generate sufficient cash flow to meet its obligations on a timely basis, to obtain additional financing as may be required, to receive the continued support of the Company's shareholders, and ultimately to obtain successful operations. There are no assurances that we will be able to obtain further funds required for our continued operations. As noted herein, we are pursuing various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be unable to conduct our operations as planned, and we will not be able to meet our other obligations as they become due. In such event, we will be forced to scale down or perhaps even cease our operations. There is significant uncertainty as to whether we can obtain additional financing. These unaudited condensed interim financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying unaudited condensed interim financial statements.

Since March 2020, several measures have been implemented in Canada, the United States, and the rest of the world in response to the increased impact from the novel coronavirus ("COVID-19"). While the impact of COVID-19 is expected to be temporary, the current circumstances are dynamic and the impact on our business operations cannot be reasonably estimated at this time. We anticipate this could have an adverse impact on our exploration plans, results of operations, financial position and cash flows.

F-5

3.SIGNIFICANT ACCOUNTING POLICIES

a)Basis of Presentation

The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and the instructions to Securities and Exchange Commission ("SEC") Form 10-Q and Article 10 of SEC Regulation S-X. They do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended August 31, 2020.

b)Accounting Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period.  On an ongoing basis, we evaluate our estimates, judgments, and assumptions, including those related to stock based compensation (expense and liability). Our estimates, judgments, and assumptions are based on historical experience, future expectations, and other factors which we believe to be reasonable. Actual results could differ from those estimates and assumptions.

4.MARKETABLE SECURITIES

Marketable securities consist of the Company's investment in units of Grayscale Bitcoin Trust. As at November 30, 2020, the movement in the Company's marketable securities is as follows:

Balance, August 31, 2019	-
Additions - cost	21,153
Unrealized gain	3,201
Balance, August 31, 2020	24,354
Proceeds from disposals	(2,069	)
Gain on disposals	894
Unrealized gain	16,250
Balance, November 30, 2020	39,429

5.MINERAL PROPERTY

During the year ended August 30, 2017 the Company staked lode and placer claims on BLM lands in Esmerelda county Nevada covering approximately 160 Acres subject to adjustment. The Company has a 100% interest in the lands and is only responsible for the yearly maintenance fees to keep its 100% interest. The claims are in good standing until August 31, 2021.

On October 28, 2019, the Company signed an LOI with Eagle Plains Resources Ltd. ("Eagle Plains") to earn up to 75% interest in the Pine Channel gold project in Saskatchewan, Canada (the "Pine Channel SK Property"). The terms of the LOI included periodic payments cash payments, exploration expenditures, as well as issuance of common shares of the Company. Upon signing the LOI, the Company issued 1,000,000 of its common shares to Eagle Plains, valued at $11,489. The Company dropped the LOI on Dec 13^th, 2019 and has no further related commitments.

F-6

On February 11, 2020, the Company signed a 1% Royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $200,000. The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party.

On October 29, 2020, the Company signed a 1% Royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $250,000. The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party.

6.RELATED PARTIES TRANSACTION

For the three month period ended November 30, 2020, the Company was party to the following related party transactions:

• The Company incurred $Nil (November 30, 2019: $10,500) to the President of the Company in consulting fees.
• During the three months ended November 30, 2020, the Company repaid $5,250 of amounts outstanding resulting in accounts payable to the President of the Company of $183,584 as at November 30, 2020 (August 31, 2020: $188,834).

The related party transactions are recorded at the exchange amount established and agreed to between the related parties.

7.COMMON STOCK

On October 28, 2019 the Company issued 1,000,000 shares to Eagle Plains Resources Ltd. upon entering LOI (Note 5).

As at November 30, 2020 and August 31, 2020 the Company had 128,471,700 shares issued and outstanding.

8.STOCK OPTIONS AND WARRANTS

Stock Options

On July 15, 2014, the shareholders approved and adopted at the Annual General Meeting the Company's 2014 Stock Option Plan.  On April 14, 2011, the shareholders approved and adopted at the Annual General Meeting to consolidate the Company's 2007 Equity compensation plan and the Company's 2010 Equity Compensation Plan into a new Company 2011 Stock Option Plan.  The purpose of these Plans is to advance the interests of the Corporation, through the grant of Options, by providing an incentive mechanism to foster the interest of eligible persons in the success of the Corporation and its affiliates; encouraging eligible persons to remain with the Corporation or its affiliates; and attracting new Directors, Officers, Employees and Consultants.

On November 12, 2020, the Company issued 500,000 stock options to one of the consultants of the Company with an exercise price of $0.05 vested immediately, expiring November 12, 2025.

The fair value of the options granted was estimated on the date of the grant using the Black-Scholes options pricing model, with the following weighted average assumptions:

Expected dividend yield	0.00%
Expected stock volatility	149%
Risk-free interest rate	0.40%
Expected life of options (years)	5.00
Expected forfeiture rate	0.00%
Grant date fair value per option	$0.03

F-7

During the three-month period ended November 30, 2020, the Company recorded $15,450 (November 30, 2019 - $Nil) as stock based compensation expenses and a total of 1,100,000 stock options expired without being exercised (November 30, 2019 - 1,000,000).

A summary of the changes in stock options for the three months ended November 30, 2020 is presented below:

				Options Outstanding
				Weighted Average
	Number of Shares			Exercise Price
Balance, August 31, 2019	8,320,000		$	0.07
Expired	(1,000,000	)		0.10
Issued	2,000,000			0.02
Balance, August 31, 2020	9,320,000		$	0.06
Expired	(1,100,000	)		0.05
Issued	500,000			0.05
Balance, November 30, 2020	8,720,000		$	0.06

The Company has the following options outstanding and exercisable: 

November 30, 2020
	Options outstanding and exercisable
	Number	Remaining
Exercise prices	of shares	contractual life
$0.05	500,000	5.00 years
$0.07	550,000	2.48 years
$0.06	535,000	2.45 years
$0.05	800,000	1.91 years
$0.10	500,000	1.42 years
$0.02	2,000,000*	1.24 years
$0.07	1,500,000	1.17 years
$0.07	1,535,000	1.14 years
$0.07	800,000	0.80 years
$0.06	8,720,000	1.95 years

*As at November 30, 2020 the market price of the Company's common shares was $0.0327 per share. A total of 2,000,000 incentive stock options, exercisable at $0.02, were in the money with an intrinsic value of $25,400.

August 31, 2020
	Options outstanding and exercisable
	Number	Remaining
Exercise prices	of shares	contractual life
$0.07	550,000	2.73 years
$0.06	535,000	2.70 years
$0.05	800,000	2.16 years
$0.10	500,000	1.67 years
$0.02	2,000,000	1.49 years
$0.07	1,500,000	1.42 years
$0.07	1,535,000	1.39 years
$0.07	800,000	1.05 years
$0.05	1,100,000	0.15 years
$0.06	9,320,000	1.48 years

F-8

Warrants

During the period ended November 30, 2020 there were no warrants issued.

A summary of warrants as at November 30, 2020 and August 31, 2020 is as follows:

				Warrants Outstanding
				Weighted Average
	Number of warrants			Exercise Price
Balance, August 31, 2019	26,141,459		$	0.06
Expired	(12,904,590	)		0.07
Balance, August 31, 2020 and November 30, 2020	13,236,869		$	0.05

Number Outstanding1	Exercise Price	Expiry Date
6,009,369	$0.040	March 27, 2023
2,427,500	$0.050	September 21, 2021
4,800,000	$0.050	August 31, 2021
13,236,869

1.Each warrant entitles a holder to purchase one common share.

9.COMMITMENTS

The Company has a consulting agreement with the President of the Company for corporate administration and consulting services for $3,500 per month plus goods and services tax ("GST") on a continuing basis. The President voluntarily suspended and terminated accrual of these consulting fees commencing on December 1, 2019 and continuing until such time as the Company's financial condition permits a resumption of such cost.

10.SEGMENTED INFORMATION

As at November 30, 2020 and August 31, 2020, the Company is operating its business in one reportable segment: natural resource acquisitions.  All of the Company's material long-lived assets are located in the United States.

11.SUBSEQUENT EVENTS

On December 14, 2020 the Company signed Rodney B Blake to a 12 month consulting contract and the issuance of 100,000 stock options valid for 5 years at $0.05 cents each.

On December 14, 2020 the Company signed Definitive Agreement to acquire 100% interest in United States Patent and Trademark Office ("USPTO") patent #6,024,086 - Solar energy collector having oval absorption tubes by issuing 1,000,000 common shares of the Company. The Company issued 1,000,000 additional common shares in escrow to be released upon the successful approval of patent pending work derived from patent #6,024,086. The Technology is to be adapted to work at our Clayton Valley lithium project. If successful the technology could have several clean energy applications. If successful a joint venture would be formed at a later date to be determined.

On December 14, 2020 the Company signed Albert Clark Rich to a 12 month consulting contract and the issuance of 500,000 stock options valid for 5 years at $0.05 cents each.

On December 14, 2020 the Company granted 1,000,000 stock options valid for 5 years at $0.05 cents each to Mark Snyder a consultant with the Company.

On December 14, 2020 the Company granted 500,000 stock options valid for 5 years at $0.05 cents each to Robert McAllister CEO of the Company.

F-9

(a)Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited condensed financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our unaudited condensed financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report, particularly in the section entitled "Risk Factors" of this quarterly report.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars. All references to "CDN$" refer to Canadian dollars and all references to "common shares" refer to the common shares in our capital stock.

As used in this quarterly report, the terms "we", "us", "our" and "Company" mean Company and/or our subsidiaries, unless otherwise indicated.

Overview

Enertopia Corp. was formed on November 24, 2004 under the laws of the State of Nevada and commenced operations on November 24, 2004.

From inception until April 2010, we were primarily engaged in the acquisition and exploration of natural resource properties. Beginning in April 2010, we began our entry into the renewable energy sector by purchasing an interest in a solar thermal design and installation company. In late summer 2013, we began our entry into medicinal marijuana business.  During our 2014 fiscal year end our activities in the clean energy sector were discontinued. During fiscal 2015 our activities in the Medicinal Marijuana sector were discontinued. During fiscal 2016 our activities in the Women's personal healthcare sector were discontinued.

The Company is actively pursuing business opportunities in the resource sector, whereby we signed a definitive agreement for a Lithium Brine Project in May 2016. In May 2017 the Company dropped the Lithium Brine Project and subsequently acquired the Clayton Valley, NV Lithium Project announced in August 2017.  The Company's main focus is in natural resource sector.

The address of our principal executive office is #22 1873 Spall Road, Kelowna, British Columbia V1Y 4R2. Our telephone number is (250) 870-2219. Our current location provide adequate office space for our purposes at this stage of our development.

Due to the implementation of British Columbia Instrument 51-509 on September 30, 2008 by the British Columbia Securities Commission, we have been deemed to be a British Columbia based reporting issuer.  As such, we are required to file certain information and documents at www.sedar.com.

Summary of Recent Business

On October 28, 2019, the Company signed an LOI with Eagle Plains Resources Ltd. ("Eagle Plains"). to earn up to 75% interest in the Pine Channel gold project in Saskatchewan, Canada (the "Pine Channel SK Property"). The terms of the LOI are as follows:

To earn a 60% interest in the Pine Channel SK Property, Enertopia or its assigns will commit to making total exploration expenditures on the property of CAD $2,000,000 over a 4 year period according to the following schedule:

CAD $100,000 on or before December 31, 2020

CAD $300,000 on or before December 3, 2021

CAD $600,000 on or before December 31, 2022

CAD $1,000,000 on or before December 31, 2023

Enertopia or its assigns would pay a total cash consideration of CAD $150,000 according to the following schedule:

CAD $15,000 on signing Definitive Agreement.

CAD $25,000 on or before December 31st, 2020

CAD $35,000 on or before December 31st, 2021

CAD $75,000 on or before December 31st, 2022

And issued 1,000,000 of our common shares to Eagle Plains Ltd.

On December 13^th 2019 the Company dropped the Pine Channel LOI.

On December 31^st 2019 the Company dropped its Canadian Securities Listing (CSE).

On December 31^st 2019 the Company accepted the resignation of directors Kristian Ross and Kevin Brown.

On February 12^th 2020 the Company signed a 1% Royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $200,000. The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party.

On February 25^th 2020 the Company signed Mark Snyder to a one year Technology Advisory Board. Monthly contract rate of $1,000 per month and the issuance of 2,000,000 stock options valid for two years at a strike price of $0.02 per share.

On October 29, 2020 the Company signed a 1% royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $250,000. The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party.

On November 12, 2020 the Company signed Flathead Business Solutions to a 12 month contract for $12,000 and the issuance of 500,000 stock options valid for 5 years at $0.05 cents each.

Chronological Overview of our Business over the Last Five Years

On October 23, 2015, the Company's Board has appointed Kevin Brown as a Director of the Company and Victor Lebouthillier as an advisor to the Board of Directors.

On October 23, 2015, the Board of Directors accepted the resignation of Donald Findlay as Director of the Company.

On October 23, 2015, we granted 1,850,000 stock options to Directors, Executives and Consultants of the Company.  The exercise price of the stock options is $0.05, vested immediately, expiring October 23, 2020. 

On December 16, 2015, extended two classes of warrants by two years with all other terms and conditions remaining the same. We approved the expiry extension from January 31, 2016 till January 31, 2018 on 2,167,160 warrants that remain outstanding from the non-brokered private placement that closed on January 31, 2014. The Company approved the expiry extension from February 13, 2016 till February 13, 2018 on 7,227,340 warrants that remain outstanding from the non-brokered private placement that closed on February 13, 2014.

On February 4, 2016, the Company's Board has appointed Olivier Vincent as an Advisor the Board of Directors and a consultant for a term of one year and granted 100,000 stock options to Olivier Vincent.  The exercise price of the stock options is $0.05, vested immediately, expiring February 4, 2021.  We issued 100,000 common shares at a price of $0.05 per share on exercise of these options.

On March 9, 2016, we closed a binding Letter of Intent to acquire 100% of an established profitable private nutritional vitamin/supplement company. The private nutritional vitamin/supplement company has been in business for over 5 years showing good positive cash flows.  All products are manufactured by a GMP, NSF, FDA approved manufacturer in the United States.  Enertopia has agreed subject to further due diligence, review of financials and financing to a total amount of $350,000 for the acquisition, with $300,000 due on the signing of the Definitive Purchase Agreement. The Definitive Purchase Agreement is expected to be completed before the end of April. The Company did not further pursue this.

On April 21, 2016, Enertopia has signed a binding letter of intent with a to enter into negotiations to effect the optional acquisition of certain placer mining claims (the "Claims") in Nevada covering approximately 2,560 acres from S P W Inc. S P W Inc. holds the Claims directly ("Underlying Owner").  Upon the closing date of the transaction (the "Effective Date") S P W Inc. will have the right to transfer, option, sell or assign the Claims to Enertopia. The Placer mining claims and any underlying agreements will be acquired by Enertopia through a mineral property option agreement, an assignment agreement or an asset acquisition (the "Transaction").

On May 12, 2016 Enertopia has signed the Definitive Agreement with the Vendor respecting the option to purchase a 100% interest in approximately 2,560 acres of placer mining claims in Churchill, Lander and Nye Counties Nevada, USA. These placer mining claims are subject to a 1.5% NSR from commercial production with the Company able to buy back the NSR at the rate of $500,000 per 0.5% NSR.

On May 20, 2016, Enertopia closed the first tranche of a private placement of 6,413,333 units at a price of CAD$0.015 per unit for gross proceeds of US$74,074 (CAD$96,200).  Each Unit consists of one common share of the Company and full non-transferable Share purchase warrant (each whole warrant, a "Warrant").  Each Warrant will be exercisable into one further Share (a "Warrant Share") at a price of US$0.05 per Warrant Share at any time until the close of business on the day which is 18 months from the date of issue of the Warrant, and thereafter at a price of US$0.10 per Warrant Share at any time until the close of business on the day which is 36 months from the date of issue of the Warrant.

On June 8, 2016, Enertopia closed its final tranche of a private placement of 3,016,667 units a price of CAD$0.015 per unit for gross proceeds of US$34,390 (CAD$45,250).  Each Unit consists of one common share of the Company and full non-transferable Share purchase warrant (each whole warrant, a "Warrant").  Each Warrant will be exercisable into one further Share (a "Warrant Share") at a price of US$0.05 per Warrant Share at any time until the close of business on the day which is 18 months from the date of issue of the Warrant, and thereafter at a price of US$0.10 per Warrant Share at any time until the close of business on the day which is 36 months from the date of issue of the Warrant.  A cash finders' fee of CAD$3,300 and 286,666 full broker warrants that expire June 8, 2019 was paid to Canaccord Genuity, Leede Jones Gable, PI Financial and Mackie Research.

On August 9, 2016, we closed the first tranche of a private placement of 4,500,000 units at a price of CAD$0.035 per unit for gross proceeds of CAD$157,500.  Each unit consists of one common share of our Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of our Company for a period of 24 months from the date of issuance, at a purchase price of US$0.07.

On August 10, 2016, we retained a private consulting firm to assist with mergers, acquisitions and market awareness for a 12 month contract.  The consulting firm operates a resource holding company that has been active in acquiring out of favor mining assets over the past several years. It also provides breaking news, commentary and analysis on listed companies.  We engaged and paid the consulting firm USD$75,000.

On August 15, 2016 binding Letter of Intent was signed by us and Genesis Water Technologies, Inc. ("GWT") with regard to the acquisition by Enertopia (the "Acquisition") of the  exclusive worldwide licensing rights  (the "Licensing Rights") of all of the technology used in the process of recovering and extraction of battery grade lithium carbonate powder Li2CO3 grading 99.5% or higher purity from brine solutions (the "Technology") and covered under patent pending process #XXXXXX  (the "Pending Patent").  On August 15, 2016, we issued 250,000 common shares at an exercise price of $0.05 per share as per the binding LOI signed with Genesis Water Technologies Inc.

On August 31, 2016, with the Company's strategic direction mostly being focused on natural resources and technology relating to the resource sector, the health and wellness portion of the business is discontinued.

On September 19, 2016, we entered into a one year Investor Relations Consulting agreement with Duncan McKay. Based on the terms of the agreement, Mr. McKay can earn up to a maximum of 10% commissions on capital raised.  We issued 800,000 stock options with an exercise price of $0.07.

On September 23, 2016, we closed the final tranche of a private placement of 3,858,571 units at a price of CAD$0.035 per unit for gross proceeds of CAD$135,050.  Each unit consists of one common share of our Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of our Company for a period of 24 months from the date of issuance, at a purchase price of US$0.07.  A cash finders' fee of CAD$3,300 and 286,666 full broker warrants that expire June 8, 2019 was paid to Canaccord Genuity and Leede Jones Gable.

On October 7, 2016, we issued 175,000 common shares of our Company and paid $5,000 to comply with the Definitive Agreement signed May 12, 2016.

On December 6, 2016, we signed a Definitive Commercial Agreement with Genesis Water Technologies with regard to the acquisition of exclusive licensing rights of the technology as outlined in the agreement.

On January 20, 2017, the Company closed the first tranche of a private placement of 1,000,000 units at a price of CAD$0.04 per unit for gross proceeds of CAD $40,000.  Each unit consists of one common share of the Company and one-nontransferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 24 months from the date of issuance, at a purchase price of $0.06.  A cash finders' fee of CAD$800 and 20,000 full broker warrants that expire January 20, 2019 was paid to Leede Jones Gable Inc.

On January 20, 2017, the Company granted 1,535,000 stock options to directors, officers and consultant of the Company with an exercise price of $0.07 which vested immediately, expiring January 20, 2022.

On January 31, 2017, the Company granted 1,500,000 stock options to consultant of the Company with an exercise price of $0.07 vested immediately, expiring January 31, 2022.

On February 28, 2017, the Company closed the first tranche of a private placement of 4,250,000 units at a price of CAD$0.04 per unit for gross proceeds of CAD $170,000.  Each unit consists of one common share of the Company and one-nontransferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 24 months from the date of issuance, at a purchase price of $0.06.  A cash finders' fee of CAD$11,100 and 227,500 full broker warrants that expire February 28, 2019 was paid to Leede Jones Gable Inc., Canaccord Genuity and Duncan McKay.

On February 28, 2017, the Company signed a Letter of Engagement with Adam Mogil and issued 1,000,000 warrant options to convert to 1,000,000 common shares to Adam Mogil to provide corporate services.  The warrants have an exercise price of $0.09 and expire August 28, 2017. These warrant options expired without being exercised.

On April 21, 2017, the Company issued 95,500 shares for gross proceeds of $5,685 from the exercise of warrants of previous financings at $0.05 and $0.07.

On April 30, 2017 the Company issued 166,500 shares for gross proceeds of $11,655 from the exercise of warrants from a previous financing at $0.07.

On April 30, 2017, the Company closed the first and final tranche of a private placement of 3,224,000 units at a price of CAD$0.09 per unit for gross proceeds of CAD $290,160.  Each unit consists of one common share of the Company and one-nontransferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 24 months from the date of issuance, at a purchase price of $0.12.  A cash finders' fee of CAD$20,736 and 230,400 full broker warrants that expire April 28, 2019 was paid to Leede Jones Gable and Canaccord Genuity.

On May 5, 2017, the Company granted 500,000 stock options to consultant of the Company with an exercise price of $0.10 vested immediately, expiring May 5, 2022.

On May 5, 2017, the Company terminated the Definitive Agreement dated May 12, 2016 with the Vendor on the Nevada Lithium brine properties.

On July 31, 2017, the Company announced the resignation of CFO and Director Bal Bhullar, the appointment of Kristian Ross as director and president Robert McAllister assuming the interim duties of CFO.

On August 14, 2017 the Company announced the appointment of Davidson and Company, LLP, Chartered Professional Accountants as its new independent registered auditing firm which replaced MNP LLP independent registered auditing firm.

On August 30, 2017 the Company announced the Staking of lode and placer claims covering approximately 160 acres for Lithium in Clayton Valley, NV.

On October 27, 2017 we entered into a one year Investor Relations Consulting agreement with FronTier Merchant Capital Group. Terms of the agreement, FronTier Capital Group has been retained for a 12-month period at $87,000 (plus applicable sales tax) per annum plus direct expenses. The company will also grant 300,000 stock options to FronTier at an exercise price of 0.05 per share expiring 5 years from the date of grant.

On November 1, 2017, we closed the first tranche of a private placement of 2,600,000 units at a price of CAD$0.05 per unit for gross proceeds of CAD$130,000.  Each unit consists of one common share of our Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of our Company for a period of 24 months from the date of issuance, at a purchase price of $0.06. 

On November 1, 2017, we granted 500,000 stock options to a director of the company at an exercise price of 0.05 per share expiring 5 years from the date of grant.

On December 8, 2017, we closed the second tranche of a private placement of 3,954,000 units at a price of CAD$0.05 per unit for gross proceeds of CAD $197,700. Each unit consists of one common share of our Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of our Company for a period of 24 months from the date of issuance, at a purchase price of $0.06.  A cash finder's fee for CAD $12,770 and 230,400 full broker warrants was paid to third parties. Each full broker warrant entitling the holder to purchase one additional common share of our Company for a period of 24 months from the date of issuance, at a purchase price of $0.06.

On December 8, 2017 we issued 240,000 common shares of our Company on the exercise of 240,000 stock options that were exercised by a director of the Company at $0.05 for $12,000 for net proceeds to the company.

On December 15, 2017 we paid Genesis Water Technologies (GWT) $96,465 for the second and final payment for the Second phase of the second bench test and $8,998 for the bill of materials for the bench test.

On January 12, 2018, we closed the final tranche of a private placement of 1,611,000 units at a price of CAD$0.05 per unit for gross proceeds of CAD$80,550. Each unit consists of one common share of the Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 24 months from the date of issuance, at a purchase price of $0.06.  A cash finder's fee of CAD$3,880 and 77,600 broker warrants was paid to a third party.  The broker warrants have the same terms as the warrants issued as part of the unit offering.

On February 2, 2018 we issued 50,000 common shares of our Company on the exercise of 50,000 warrants that were exercised at $0.07 for $3,500 for net proceeds to the company.

On May 11, 2018, we issued 200,000 shares for gross proceeds of $12,000 from the exercise of stock options at $0.06.

On May 11, 2018, we closed the first tranche of a private placement of 1,746,900 units at a price of CAD$0.06 per unit for gross proceeds of CAD$104,814.  Each unit consists of one common share of the Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 24 months from the date of issuance, at a purchase price of $0.075. A cash finders' fee of CAD$9,281 and 144,690 full broker warrants that expire May 11, 2020 was paid to third parties.  The broker warrants have the same terms as the warrants issued as part of the unit offering.

On May 22, 2018, we entered into an Investor Relations Consulting agreement with FronTier Flex Marketing.  Terms of the agreement, FronTier Flex Marketing has been retained for a 9-month period at $66,000 (plus applicable sales taxes) plus direct expenses.  The Company will also grant 300,000 stock options at an exercise price of $0.07 per share expiring 5 years from the date of grant.

On May 25, 2018, we closed the final tranche of a private placement of 2,470,000 units at a price of CAD$0.06 per unit for gross proceeds of CAD$148,200.  Each unit consists of one common share of the Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 24 months from the date of issuance, at a purchase price of $0.075.  A cash finders' fee of CAD$5,820 and 70,000 full broker warrants that expire May 25, 2020 was paid to third parties.  The broker warrants have the same terms as the warrants issued as part of the unit offering.

On July 4, 2018, the Company, after receiving 3rd party lab results that reported impurities above allowable limits for battery-grade Li2CO3, provided formal notice of termination to GWT of the commercialization agreement dated December 6, 2016 and as amended on October 9, 2017.

On August 31, 2018, we closed the first tranche of a private placement of 4,400,000 units at a price of CAD$0.03 per unit for gross proceeds of CAD$132,000.  Each unit consists of one common share of the Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 36 months from the date of issuance, at a purchase price of $0.05.  A cash finders' fee of CAD$12,000 and 400,000 full broker warrants that expire August 31, 2021 was paid to third parties.  The broker warrants have the same terms as the warrants issued as part of the unit offering.

On August 31, 2018, we issued 170,000 shares for gross proceeds of $9,000 from the exercise of 50,000 stock options at $0.06 and 120,000 stock options at $0.05 respectively.

On September 21, 2018, the Company closed a private placement of 2,225,000 units at a price of CAD$0.03 per unit for gross proceeds of CAD$66,750 (equivalent to $51,678).  Each unit consists of one common share of the Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 36 months from the date of issuance, at a purchase price of $0.05.  A cash finders' fee of CAD$6,075 ($4,703) and 202,500 full broker warrants that expire September 21, 2021 was paid to third parties.  The broker warrants have the same terms as the warrants issued as part of the unit offering.

On November 5, 2018, the Company received an Area of Disturbance permit from the Bureau of Land Management, Nevada, allowing the Company access for a series of diamond drill holes. The diamond drill program was completed in December 2018 and consisted of 5 diamond drill holes totaling approximately 2,000 feet. Four drill holes were for resource definition drilling to allow the Company to provide an inaugural 43-101 project wide lithium resource. A fifth diamond drill hole drilled to an estimated depth of approximately 265 feet with the recovered lithium enriched material being used for metallurgical and pH solution testing.

On March 27, 2019, the Company closed a tranche of a private placement of 5,506,769 units at a price of CAD$0.03 per unit for gross proceeds of CAD$143,176 ($106,809).  Each unit consists of one common share of the Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of the Company for a period of 48 months from the date of issuance, at a purchase price of $0.04.  A cash finders' fee of CAD$13,068 ($9,748) and 502,600 full broker warrants that expire March 27, 2023 was paid to third parties.  The broker warrants have the same terms as the warrants issued as part of the unit offering.

On July 19, 2019, the President of the Company provided a short term loan to the Company for the amount of CAD$20,000 ($15,301). The loan provides for a 10% annual interest rate and was repayable on October 19, 2019. On February 15, 2020 the loan plus interest was paid back in full.

Our Current Business

We are a development stage company pursuing business opportunities in diverse sectors natural resource and technology used in the resource sector currently specific to the extraction, recovery and concentration of Lithium.

Mineral Property

On August 30, 2017, the Company announced the staking of Lode and Placer claims of BLM lands in Esmeralda county Nevada covering approximately 160 Acres subject to adjustment. The Company has an 100% interest in the lands and is only responsible for the yearly maintenance fees to the BLM (estimated to be $2,635) and County (estimated to be $212) due November 1, 2018 to keep its 100% interest.  During the year ending August 31, 2019, the Company paid $2,805 in maintenance fees.  The claims are in good standing until August 31, 2020. 

Access to the property can be achieved by paved Hwy 265 to Silver Springs, NV or paved Hwy from north of Goldfields, NV. Access is then by graded gravel road. The last 1.8 miles to the property is by trail road using 4x4 vehicle. The property is covered with extensive outcroppings of the Esmeralda Formation. Power transmission line is within ½ mile of the northern property boundary. Water would have to be trucked in or by pipe line if a processing facility was built onsite. Of particular interest is a section of green, volcanoclastic, evaporate-rich mudstone strata known as the Frontera Verde zone that host lithium of potential economic significance. The Frontera Verde Zone is exposed over approximately 100 acres of the northern two thirds of the property, and underlies the rest of the property at shallow depths. Third party drilling adjacent to the west and eastern boundaries of the property supports this analysis. The property is without known reserves and the current work programs are exploratory in nature. 

Current exploration is at the grass roots stage with surface sampling and two small 250 pound bulk samples being taken in 2017. The Company completed additional laboratory testing of synthetic brines. The Company continues to evaluate off the shelf technology to determine the preferred methods for potentially producing commercial products from the processing of synthetic brines.

On November 5, 2018, the Company received an Area of Disturbance permit from the Bureau of Land Management, Nevada, allowing the Company access for a series of diamond drill holes. The diamond drill program will consist of 5 diamond drill holes totaling approximately 2,000 feet. Four drill holes will allow the Company to provide an inaugural 43-101 project wide lithium resource. A fifth diamond drill hole drilled to an estimated depth of 400 feet with the recovered lithium enriched material being used for metallurgical and pH solution testing.

On February 14, 2019 the Company announced the drill result from the diamond drill program. The Company will undertake systematic and through solution testing of the drilled lithium enriched horizons. This will enable the Company to map the subsurface horizons as per oxide and reduced horizons and further differentiate the grade of Lithium in solution that can be potentially recovered in a low CAPEX and low-cost extraction methods.

On April 2, 2020 the Company announced it's maiden 43-101 Lithium resource report which can be found at the Company's website www.enertopia.com

Property Map

Esmeralda County Lode and Placer Claims:

Claim Name	Claim Type	BLM Serial #
STEVE 1	PLACER	NMC 1148769
STEVE 2	PLACER	NMC 1148770
STEVE 3	PLACER	NMC 1148771
STEVE 4	PLACER	NMC 1148772
STEVE 5	PLACER	NMC 1148773
STEVE 6	PLACER	NMC 1148774
STEVE 7	PLACER	NMC 1148775
STEVE 8	PLACER	NMC 1148776
DAN 1	LODE	NMC 1148760
DAN 2	LODE	NMC 1148761
DAN 3	LODE	NMC 1148762
DAN 4	LODE	NMC 1148763
DAN 5	LODE	NMC 1148764
DAN 6	LODE	NMC 1148765
DAN 7	LODE	NMC 1148766
DAN 8	LODE	NMC 1148767
DAN 9	LODE	NMC 1148768

Summary

The continuation of our business is dependent upon obtaining further financing, a successful program of development, and, finally, achieving a profitable level of operations. The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

There are no assurances that we will be able to obtain further funds required for our continued operations. As noted herein, we are pursuing various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be unable to conduct our operations as planned, and we will not be able to meet our other obligations as they become due. In such event, we will be forced to scale down or perhaps even cease our operations. There is significant uncertainty as to whether we can obtain additional financing.

Competition

There is strong competition relating to all aspects of the resource sector. We actively compete for capital, skilled personnel, market share, and in all other aspects of our operations with a substantial number of other organizations.  These organizations include small development stage companies like our own, and large, established companies, many of which have greater technical and financial resources than our company. 

Compliance with Government Regulation

The exploration and development of mineral properties is subject to various United States federal, state and local and foreign governmental regulations. We may from time to time, be required to obtain licenses and permits from various governmental authorities in regards to the exploration of our property interests.

Purchase of Significant Acquisition

Not applicable

Corporate Offices

The address of our principal executive office is #22 1873 Spall Road, Kelowna, British Columbia V1Y 4R2. Our telephone number is (250) 870-2219.  Our current location provides adequate office space for our purposes at this stage of our development.

Employees

We primarily used the services of sub-contractors and consultants for our intended business operations. Our technical consultant is Mr. McAllister, our president and a director.

We entered into a consulting agreement with Mr. Robert McAllister on December 1, 2007. During the term of this agreement, Mr. McAllister is to provide corporate administration and consulting services, such duties and responsibilities to include provision of oil and gas industry consulting services, strategic corporate and financial planning, management of the overall business operations of the Company, and supervising office staff and exploration and oil & gas consultants. Mr. McAllister is reimbursed at the rate of $2,000 per month. On December 1, 2008, the consulting fee was increased to $5,000 per month. We may terminate this agreement without prior notice based on a number of conditions. Mr. McAllister may terminate the agreement at any time by giving 30 days written notice of his intention to do so. Effective March 1, 2014, the Company entered into a new Management Consulting Agreement replacing the original agreement with a consulting fee of $6,500 plus GST per month. Effective July 1, 2017, the Company entered into a new Management Consulting Agreement replacing the March 1, 2014 agreement with a consulting fee of $3,500 plus GST per month. On July 31, 2017 Mr. McAllister agreed to be intern CFO until such time as a replacement could be sourced. Mr. McAllister voluntarily suspended and terminated accrual of these consulting fees commencing on December 1, 2019 and continuing until such time as the Company's financial condition permits a resumption of such cost.

We do not expect any material changes in the number of employees over the next 12 month period. We do and will continue to outsource contract employment as needed.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Critical Accounting Policies

Our financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles used in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financials.

Mineral Properties

Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction
expenditures are expensed as incurred until such time proven or probable reserves are established for that project. Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral properties.

Expenditures relating to exploration activities are expensed as incurred and expenditures relating to pre-extraction activities are expensed as incurred until such time proven or probable reserves are established for that project, after which subsequent expenditures relating to development activities for that particular project are capitalized as incurred.
 
Where proven and probable reserves have been established, the project's capitalized expenditures are depleted over proven and probable reserves using the units-of-production method upon commencement of production. Where proven and probable reserves have not been established, the project's capitalized expenditures are depleted over the estimated extraction life using the straight-line method upon commencement of extraction. The Company has not established proven or probable reserves for any of its projects.
 
The carrying values of the mineral rights are assessed for impairment by management on a quarterly basis and as required whenever indicators of impairment exist. An impairment loss is recognized if it is determined that the carrying value is not recoverable and exceeds fair value.

Long-Lived Assets Impairment

In accordance with ASC 360, "Accounting for Impairment or Disposal of Long Lived Assets", the carrying value of long lived assets are tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. The Company recognizes impairment when the sum of the expected undiscounted future cash flows is less than the carrying amount of the asset. Impairment losses, if any, are measured as the excess of the carrying amount of the asset over its estimated fair value.

Going Concern

We have suffered recurring losses from operations. The continuation of our Company as a going concern is dependent upon our Company attaining and maintaining profitable operations and/or raising additional capital. The financial statements do not include any adjustment relating to the recovery and classification of recorded asset amounts or the amount and classification of liabilities that might be necessary should our Company discontinue operations.

The continuation of our business is dependent upon us raising additional financial support and/or attaining and maintaining profitable levels of internally generated revenue.  The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

Results of Operations - Three Months Ended November 30, 2020 and November 30, 2019

The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended November 30, 2019, which are included herein.

Our operating results for the three months ended November 30, 2019, for the three months ended November 30, 2018 and the changes between those periods for the respective items are summarized as follows:

		Three Months Ended  November 30, 2020		Three Months Ended  November 30, 2019		Change Between Three Month Period Ended November 30, 2020 and November 30, 2019
Revenue (cost recovery)	$	Nil	$	Nil	$	Nil
Cost of product sales		Nil		Nil		Nil
Other expenses (income)		(265,854)		100		(265,954)
General and administrative		1,233		5,751		(4,518)
Investor relations		4,247		5,735		(1,488)
Consulting fees		3,000		10,500		(7,500)
Fees and dues		6,816		5,710		1,106
Exploration expenses		1,373		12,578		(11,205)
Stock based compensation		15,450		Nil		15,450
Research and development		1,984		494		1,490
Professional fees		9,148		8,739		409
Net loss (income)		(222,603)		49,607		(272,210)

Our accumulated losses are $14,057,424 at November 30, 2020. Our financial statements report revenue of $Nil for the three months ended November 30, 2020 and November 30, 2019.  Our financial statements report a net income of $222,603 for the three-month period ended November 30, 2020, compared to a net loss of $49,607 for the three-month period ended November 30, 2019. Our net income has increased by $272,210 for the three-month period ended November 30, 2020.  The net income for the period ended November 30, 2020 is the result of a royalty sale for proceeds of $250,000. Our operating costs were lower by $6,256 for November 30, 2020 compared to November 30, 2019. The decrease was largely due to reduced exploration expenses, reduced investor relations and consulting fees as a result of the Company's reduced activity during fiscal 2020 so far. 

As at November 30, 2020, we had $476,467 in current liabilities, which is comparable to current liabilities as at August 31, 2020.  Our net cash used in operating activities for the three months ended November 30, 2020 was $40,322 compared to $2,351 used in the three months ended November 30, 2019.

Liquidity and Financial Condition

Working Capital		At			At
		November 30,			August 31,
		2020			2020
Current assets	$	321,564		$	86,214
Current liabilities		476,467			479,170
Working capital surplus/(deficit)	$	(154,903	)	$	(392,956	)

Cash Flows
		At November 30,			At November 30,
		2020			2019
Cash flows (used in) operating activities	$	(40,322	)	$	(2,351	)
Cash flows from investing activities		252,069			-
Cash flows from financing activities		-			-
Net increase (decrease) in cash during year	$	211,747		$	(2,351	)

Operating Activities

Net cash used in operating activities was $40,332 in the three months ended November 30, 2020 compared with net cash used in operating activities of $2,351 in the same period in 2019. 

Financing Activities

Net cash provided by financing activities was $252,069 in the three months ended November 30, 2020 compared to $Nil in the same period in 2019. 

Investing Activities

Net cash provided in investing activities was $Nil in the three months ended November 30, 2020 compared to $Nil in the same period in 2019. 

Item 4.Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our president (also our principal executive officer) and our secretary, treasurer and chief financial officer (also our principal financial and accounting officer) to allow for timely decisions regarding required disclosure.

As of November 30, 2019, the end of our first quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president (also our principal executive officer) and our secretary, treasurer and chief financial officer (also our principal financial and accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president (also our principal executive officer) and our secretary, treasurer and chief financial officer (also our principal financial and accounting officer) concluded that our disclosure controls and procedures were effective in providing reasonable assurance in the reliability of our financial reports as of the end of the period covered by this quarterly report.

Inherent limitations on effectiveness of controls

Internal control over financial reporting has inherent limitations which include but is not limited to the use of independent professionals for advice and guidance, interpretation of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel factors. Internal control over financial reporting is a process which involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis, however these inherent limitations are known features of the financial reporting process and it is possible to design into the process safeguards to reduce, though not eliminate, this risk. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended November 30, 2019, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

PART II

OTHER INFORMATION

Item 1.Legal Proceedings

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

Item 1A.Risk Factors

Much of the information included in this prospectus includes or is based upon estimates, projections or other "forward-looking statements". Such forward-looking statements include any projections or estimates made by us and our management in connection with our business operations. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions, or other future performance suggested herein. We undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of such statements.

Such estimates, projections or other "forward-looking statements" involve various risks and uncertainties as outlined below. We caution readers of this prospectus that important factors in some cases have affected and, in the future, could materially affect actual results and cause actual results to differ materially from the results expressed in any such estimates, projections or other "forward-looking statements". In evaluating us, our business and any investment in our business, readers should carefully consider the following factors.

Our common shares are considered speculative. Prospective investors should consider carefully the risk factors set out below.

Risks Associated with Business

Our company has no operating history and an evolving business model, which raises doubt about our ability to achieve profitability or obtain financing.

Our Company has no operating history. Moreover, our business model is still evolving, subject to change, and will rely on the cooperation and participation of our joint venture partners. Our Company's ability to continue as a going concern is dependent upon our ability to obtain adequate financing and to reach profitable levels of operations and we no proven history of performance, earnings or success. There can be no assurance that we will achieve profitability or obtain future financing.

Uncertain demand for mineral resources sector may cause our business plan to be unprofitable.

Demand for mineral resources is based on the world economy and new technologies. Current lithium demand exceeds available supply due to the rapid increase in lithium batteries in portable electronics and the growing electric vehicle markets. There can be no assurance that current supply and demand factors will remain the same or that projected supply and demand factors will actually come to pass from 3^rd party projections that are currently believed to be true and accurate. There can be no assurance that new disruptive technologies will replace lithium as a significant component in battery storage over time. 

Conflicts of interest between our company and our directors and officers may result in a loss of business opportunity.

Our directors and officers are not obligated to commit their full time and attention to our business and, accordingly, they may encounter a conflict of interest in allocating their time between our future operations and those of other businesses. In the course of their other business activities, they may become aware of investment and business opportunities which may be appropriate for presentation to us as well as other entities to which they owe a fiduciary duty. As a result, they may have conflicts of interest in determining to which entity a particular business opportunity should be presented. They may also in the future become affiliated with entities, engaged in business activities similar to those we intend to conduct.

In general, officers and directors of a corporation are required to present business opportunities to a corporation if:

• the corporation could financially undertake the opportunity;

• the opportunity is within the corporation's line of business; and

• it would be unfair to the corporation and its stockholders not to bring the opportunity to the attention of the corporation.

We plan to adopt a code of ethics that obligates our directors, officers and employees to disclose potential conflicts of interest and prohibits those persons from engaging in such transactions without our consent. Despite our intentions, conflicts of interest may nevertheless arise which may deprive our company of a business opportunity, which may impede the successful development of our business and negatively impact the value of an investment in our company.

The speculative nature of our business plan may result in the loss of your investment.

Our operations are in the start-up or stage only, and are unproven. We may not be successful in implementing our business plan to become profitable. There may be less demand for our services than we anticipate. There is no assurance that our business will succeed and you may lose your entire investment.

Changing consumer preferences may cause our planned products to be unsuccessful in the marketplace.

The decision of a potential client to undergo an environmental audit or review may be based on ethical or commercial reasons. In some instances, or with certain businesses, there may be no assurance that an environmental review will result in any cost savings or increased revenues. As such, unless the ethical consideration is also a material factor, there may be no incentive for such businesses to undertake an environmental review. Changes in consumer and commercial preferences, or trends, toward or away from environmental issues may impact on businesses" decisions to undergo environmental reviews.

General economic factors may negatively impact the market for our planned products.

The willingness of businesses to spend time and money on energy efficiency may be dependent upon general economic conditions; and any material downturn may reduce the likelihood of businesses incurring costs toward what some businesses may consider a discretionary expense item.

A wide range of economic and logistical factors may negatively impact our operating results.

Our operating results will be affected by a wide variety of factors that could materially affect revenues and profitability, including the timing and cancellation of customer orders and projects, competitive pressures on pricing, availability of personnel, and market acceptance of our services. As a result, we may experience material fluctuations in future operating results on a quarterly and annual basis which could materially affect our business, financial condition and operating results.

Changes In Environmental Regulations May Have An Impact On Our Operations

We believe that we currently comply with existing environmental laws and regulations affecting our proposed operations. While there are no currently known proposed changes in these laws or regulations, significant changes have affected the industry in the past and additional changes may occur in the future. The company is subject to the Bureau of Land Management ("BLM"), State and potentially other government agencies with respect to its lithium brine business.

Our operations may be subject to environmental laws, regulations and rules promulgated from time to time by government. In addition, certain types of operations require the submission and approval of environmental impact assessments. Environmental legislation is evolving in a manner that means stricter standards and enforcement. Fines and penalties for non-compliance are more stringent. Environmental assessments of proposed projects carry a heightened degree of responsibility for companies, directors, officers and employees. The cost of compliance with changes in governmental regulations has potential to reduce the profitability of operations. We intend to comply with all environmental regulations in the United States and Canada.

Loss of consumer confidence in our company or in our industry may harm our business.

Demand for our services may be adversely affected if consumers lose confidence in the quality of our services or the industry's practices. Adverse publicity may discourage businesses from buying our services and could have a material adverse effect on our financial condition and results of operations. Various factors may adversely impact our reputation, including product quality inconsistencies or contamination resulting in product recalls. Reputational risks may also arise from our third parties' labour standards, health, safety and environmental standards, raw material sourcing, and ethical standards. We may also be the victim of product tampering or counterfeiting or grey imports. Any litigation, disputes on tax matters and pay structures may subject us to negative attention in the press, which can damage reputation.

The failure to secure customers may cause our operations to fail.

We currently have no long-term agreements with any customers. Many of our sales may be on a "onetime" basis. Accordingly, we will require new customers on a continuous basis to sustain our operations. Risk of material impact on Group growth and profit of consumer led slowdown in key developing markets, exacerbated by increasing currency volatility. A variety of factors may adversely affect our results of operations and financial condition during periods of economic uncertainty or instability, social or labour unrest or political upheaval in the markets in which we operate. Such periods may also lead to government actions, such as imposition of martial law, trade restrictions, foreign ownership restrictions, capital, price or currency controls, nationalization or expropriation of property or other resources, or changes in legal and regulatory requirements and taxation regimes.

If we fail to effectively and efficiently advertise, the growth of our business may be compromised.

The future growth and profitability of our business will be dependent in part on the effectiveness and efficiency of our advertising and promotional expenditures, including our ability to (i) create greater awareness of our products, (ii) determine the appropriate creative message and media mix for future advertising expenditures, and (iii) effectively manage advertising and promotional costs in order to maintain acceptable operating margins. There can be no assurance that we will experience benefits from advertising and promotional expenditures in the future. In addition, no assurance can be given that our planned advertising and promotional expenditures will result in increased revenues, will generate levels of service and name awareness or that we will be able to manage such advertising and promotional expenditures on a cost-effective basis.

Our success is dependent on our unproven ability to attract qualified personnel.

We depend on our ability to attract, retain and motivate our management team, consultants and advisors. There is strong competition for qualified technical and management personnel in the business sector, and it is expected that such competition will increase. Our planned growth will place increased demands on our existing resources and will likely require the addition of technical personnel and the development of additional expertise by existing personnel. There can be no assurance that our compensation packages will be sufficient to ensure the continued availability of qualified personnel who are necessary for the development of our business.

We have a limited operating history with losses and we expect the losses to continue, which raises concerns about our ability to continue as a going concern.

We have generated minimal revenues since our inception and will, in all likelihood, continue to incur operating expenses with minimal revenues until we are able to successfully develop our business. Our business plan will require us to incur further expenses. We may not be able to ever become profitable. These circumstances raise concerns about our ability to continue as a going concern. We have a limited operating history and must be considered in the start-up stage.

There is an explanatory paragraph to their audit opinion issued in connection with the financial statements for the year ended August 31, 2019 with respect to their doubt about our ability to continue as a going concern. As discussed in Note 2 to our financial statements for the year ended August 31, 2019, we have incurred a net loss of $422,341 for the year ended August 31, 2019 (net loss $650,055 for the year ended August 31, 2018) and as at August 31, 2019 has incurred cumulative losses of $14,314,159 that raises substantial doubt about its ability to continue as a going concern. Our management has been able, thus far, to finance the operations through equity financing and cash on hand. There is no assurance that our company will be able to continue to finance our company on this basis.

Without additional financing to develop our business plan, our business may fail.

Because we have generated only minimal revenue from our business and cannot anticipate when we will be able to generate meaningful revenue from our business, we will need to raise additional funds to conduct and grow our business. We do not currently have sufficient financial resources to completely fund the development of our business plan. We anticipate that we will need to raise further financing. We do not currently have any arrangements for financing and we can provide no assurance to investors that we will be able to find such financing if required. The most likely source of future funds presently available to us is through the sale of equity capital. Any sale of share capital will result in dilution to existing security-holders.

We may not be able to obtain all of the licenses necessary to operate our business, which would cause our business to fail.

Our operations require licenses and permits from various governmental authorities related to the establishment of our planned facilities, to the production, storage and distribution of our products, and to the disposal of waste.  We believe that we will be able to obtain all necessary licenses and permits under applicable laws and regulations for our operations and believe we will be able to comply in all material respects with the terms of such licenses and permits. However, such licenses and permits are subject to change in various circumstances. There can be no guarantee that we will be able to obtain or maintain all necessary licenses and permits.

Changes in health and safety regulation may result in increased or insupportable financial burden on our company.

We believe that we currently comply with existing laws and regulations affecting our product and operations. While there are no currently known proposed changes in these laws or regulations, significant changes have affected the industry in the past and additional changes may occur in the future.

Our products and operations may be subject to unanticipated regulations and rules promulgated from time to time by government, namely those related to consumer health and safety which may render certain production methods, ingredients, products or practices obsolete.  The cost of compliance with changes in governmental regulations has potential to reduce the viability or profitability of our products or operations.

If we are unable to recruit or retain qualified personnel, it could have a material adverse effect on our operating results and stock price.

Our success depends in large part on the continued services of our executive officers and third party relationships. We currently do not have key person insurance on these individuals. The loss of these people, especially without advance notice, could have a material adverse impact on our results of operations and our stock price. It is also very important that we be able to attract and retain highly skilled personnel, including technical personnel, to accommodate our exploration plans and to replace personnel who leave. Competition for qualified personnel can be intense, and there are a limited number of people with the requisite knowledge and experience. Under these conditions, we could be unable to recruit, train, and retain employees. If we cannot attract and retain qualified personnel, it could have a material adverse impact on our operating results and stock price.

If we fail to effectively manage our growth our future business results could be harmed and our managerial and operational resources may be strained.

As we proceed with our business plan, we expect to experience significant and rapid growth in the scope and complexity of our business. We will need to add staff to market our services, manage operations, handle sales and marketing efforts and perform finance and accounting functions. We will be required to hire a broad range of additional personnel in order to successfully advance our operations. This growth is likely to place a strain on our management and operational resources. The failure to develop and implement effective systems, or to hire and retain sufficient personnel for the performance of all of the functions necessary to effectively service and manage our potential business, or the failure to manage growth effectively, could have a materially adverse effect on our business and financial condition.

Risks Associated with the Shares of Our Company

Because we do not intend to pay any dividends on our shares, investors seeking dividend income or liquidity should not purchase our shares.

We have not declared or paid any dividends on our shares since inception, and do not anticipate paying any such dividends for the foreseeable future. We presently do not anticipate that we will pay dividends on any of our common stock in the foreseeable future. If payment of dividends does occur at some point in the future, it would be contingent upon our revenues and earnings, if any, capital requirements, and general financial condition. The payment of any common stock dividends will be within the discretion of our Board of Directors. We presently intend to retain all earnings to implement our business plan; accordingly, we do not anticipate the declaration of any dividends for common stock in the foreseeable future.

Investors seeking dividend income or liquidity should not invest in our shares.

Because we can issue additional shares, purchasers of our shares may incur immediate dilution and may experience further dilution.

We are authorized to issue up to 200,000,000 shares. The board of directors of our company has the authority to cause us to issue additional shares, and to determine the rights, preferences and privileges of such shares, without consent of any of our stockholders. Consequently, our stockholders may experience more dilution in their ownership of our company in the future.

Other Risks

Trading on the OTC may be volatile and sporadic, which could depress the market price of our common stock and make it difficult for our stockholders to resell their shares.

Our common stock is quoted on the OTC electronic quotation service operated by OTC Markets Group Inc. Trading in stock quoted on the OTC is often thin and characterized by wide fluctuations in trading prices, due to many factors that may have little to do with our operations or business prospects. This volatility could depress the market price of our common stock for reasons unrelated to operating performance. Moreover, the OTC is not a stock exchange, and trading of securities on the OTC is often more sporadic than the trading of securities listed on a quotation system like Nasdaq or a stock exchange like Amex. Accordingly, shareholders may have difficulty reselling any of the shares.

Our stock is a penny stock. Trading of our stock may be restricted by the Securities and Exchange Commission's penny stock regulations which may limit a stockholder's ability to buy and sell our stock.

Our stock is a penny stock. The Securities and Exchange Commission has adopted Rule 15g-9 which generally defines "penny stock" to be any equity security that has a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and "accredited investors". The term "accredited investor" refers generally to institutions with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the Securities and Exchange Commission which provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customer's account. The bid and offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer's confirmation. In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from these rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules. Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules discourage investor interest in and limit the marketability of our common stock.

The Financial Industry Regulatory Authority, or FINRA, has adopted sales practice requirements which may also limit a stockholder's ability to buy and sell our stock.

In addition to the "penny stock" rules described above, FINRA has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer's financial status, tax status, investment objectives and other information. Under interpretations of these rules, FINRA believes that there is a high probability that speculative low priced securities will not be suitable for at least some customers. FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock and have an adverse effect on the market for our shares.

We believe that our operations comply, in all material respects, with all applicable environmental regulations.

Our operating partners maintain insurance coverage customary to the industry; however, we are not fully insured against all possible environmental risks.

Any change to government regulation/administrative practices may have a negative impact on our ability to operate and our profitability.

The laws, regulations, policies or current administrative practices of any government body, organization or regulatory agency in the United States, Canada, or any other jurisdiction, may be changed, applied or interpreted in a manner which will fundamentally alter the ability of our company to carry on our business.

The actions, policies or regulations, or changes thereto, of any government body or regulatory agency, or other special interest groups, may have a detrimental effect on us. Any or all of these situations may have a negative impact on our ability to operate and/or our profitably.

Because we can issue additional shares, purchasers of our shares may incur immediate dilution and may experience further dilution.

We are authorized to issue up to 200,000,000 shares. The board of directors of our company has the authority to cause us to issue additional shares, and to determine the rights, preferences and privileges of such shares, without consent of any of our stockholders. Consequently, our stockholders may experience more dilution in their ownership of our company in the future.

Our by-laws contain provisions indemnifying our officers and directors against all costs, charges and expenses incurred by them.

Our by-laws contain provisions with respect to the indemnification of our officers and directors against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, actually and reasonably incurred by him, including an amount paid to settle an action or satisfy a judgment in a civil, criminal or administrative action or proceeding to which he is made a party by reason of his being or having been one of our directors or officers.

Investors' interests in our company will be diluted and investors may suffer dilution in their net book value per share if we issue additional shares or raise funds through the sale of equity securities.

Our constating documents authorize the issuance of 200,000,000 shares of common stock with a par value of $0.001. In the event that we are required to issue any additional shares or enter into private placements to raise financing through the sale of equity securities, investors" interests in our company will be diluted and investors may suffer dilution in their net book value per share depending on the price at which such securities are sold. If we issue any such additional shares, such issuances also will cause a reduction in the proportionate ownership and voting power of all other shareholders. Further, any such issuance may result in a change in our control.

Our by-laws do not contain anti-takeover provisions, which could result in a change of our management and directors if there is a take-over of our company.

We do not currently have a shareholder rights plan or any anti-takeover provisions in our By-laws. Without any anti-takeover provisions, there is no deterrent for a take-over of our company, which may result in a change in our management and directors.

As a result of a majority of our directors and officers are residents of other countries other than the United States, investors may find it difficult to enforce, within the United States, any judgments obtained against our company or our directors and officers.

Other than our operations office in Kelowna, British Columbia, we do not currently maintain a permanent place of business within the United States. In addition, a majority of our directors and officers are nationals and/or residents of countries other than the United States, and all or a substantial portion of such persons" assets are located outside the United States. As a result, it may be difficult for investors to enforce within the United States any judgments obtained against our company or our officers or directors, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state thereof.

Trends, risks and uncertainties.

We have sought to identify what we believe to be the most significant risks to our business, but we cannot predict whether, or to what extent, any of such risks may be realized nor can we guarantee that we have identified all possible risks that might arise such as a black swan event. An absolute worst case scenario with sufficient potential impact to risk the future of the company as an independent business operating in its chosen markets. Significant reputational impact as a result of a major issue resulting in multiple fatalities, possibly compounded by apparently negligent management behavior; extreme adverse press coverage and viral social media linking the Company name to consumer brands, leads to a catastrophic share price fall, very significant loss of consumer confidence and inability to retain and recruit quality people. Investors should carefully consider all of such risk factors before making an investment decision with respect to our common shares.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3.Defaults Upon Senior Securities

None.

Item 4.Submission of Matters to a Vote of Securities Holders

None.

Item 5.Other Information

Due to the implementation of British Columbia Instrument 51-509 on September 30, 2008 by the British Columbia Securities Commission, we have been deemed to be a British Columbia based reporting issuer.  As such, we are required to file certain information and documents at www.sedar.com.

Item 6.Exhibits

Exhibit Number	Description
	(i) Articles of Incorporation; and (ii) Bylaws
3.1*	Articles of Incorporation
3.2*	Bylaws
31.1	Rule 13(a) - 14 (a)/15(d) - 14(a) Certification - Principal Executive Officer
31.2	Rule 13(a) - 14 (a)/15(d) - 14(a) Certification - Principal Financial Officer and Principal Accounting Officer
32.1	Section 1350 Certification - Principal Executive Officer
32.2	Section 1350 Certification - Principal Financial Officer and Principal Accounting Officer
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document
	*Incorporated by reference to same exhibit filed with the Company's Registration Statement on Form SB-2 dated January 10, 2006.

**Certain parts of this document have not been disclosed and have been filed separately with the Secretary, Securities and Exchange Commission, and is subject to a confidential treatment request pursuant to Rule 24b-2 of the Securities Exchange Act of 1934.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

ENERTOPIA CORP.
By:	/s/ " Robert McAllister "
	Robert McAllister,
	President (Principal Executive Officer)
	01/12/2021

By:	/s/ "Robert McAllister"
	Robert McAllister,
	Chief Financial Officer
	01/12/2021

EX-31.1

EXHIBIT 31.1

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Robert McAllister, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Enertopia Corp.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  January 12, 2021

"Robert McAllister"

Robert McAllister

President  and Director

(Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Robert McAllister, certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Enertopia Corp.;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  January 12, 2021

"Robert McAllister"

Robert McAllister

Chief Financial Officer and Treasurer

(Principal Financial Officer and Principal Accounting Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Robert McAllister, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)the Quarterly Report on Form 10-Q of Enertopia Corp. for the quarter ended November 30, 2020 (the Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Enertopia Corp.

Dated: January 12, 2021
	"Robert McAllister"
	Robert McAllister
	President and Director
	(Principal Executive Officer)
	Enertopia Corp.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Enertopia Corp. and will be retained by Enertopia Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Robert McAllister, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)the Quarterly Report on Form 10-Q of Enertopia Corp. for the quarter ended November 30, 2020 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Enertopia Corp.

Dated: January 12, 2021
	"Robert McAllister"
	Robert McAllister
	Chief Financial Officer and Treasurer
	(Principal Financial Officer and Principal Accounting Officer)
	Enertopia Corp.

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Enertopia Corp. and will be retained by Enertopia Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

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Document and Entity Information	3 Months Ended
	Nov. 30, 2020 shares
Cover [Abstract]
Entity Registrant Name	Enertopia Corp.
Entity Central Index Key	0001346022
Document Period End Date	Nov. 30, 2020
Document Type	10-Q
Amendment Flag	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding	128,471,700
Entity Filer Category	Non-accelerated Filer
Current Fiscal Year End Date	--08-31
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Shell Company	false

XML

UNAUDITED CONDENSED INTERIM BALANCE SHEETS - USD ($)	Nov. 30, 2020	Aug. 31, 2020
Current
Cash and cash equivalents	$ 257,275	$ 45,528
Marketable securities	39,429	24,354
Accounts receivable	2,318	1,508
Prepaid expenses and deposit	22,542	14,824
Total current assets	321,564	86,214
Total Assets	321,564	86,214
Current
Accounts payable	292,883	290,336
Due to related parties	183,584	188,834
Total Current Liabilities	476,467	479,170
STOCKHOLDERS' EQUITY
Share capital Authorized: 200,000,000 common shares with a par value of $0.001 per share Issued and outstanding: 128,471,700 common shares at November 30, 2020 and August 31,2020: 128,471,700	128,473	128,473
Additional paid-in capital	13,774,048	13,758,598
Deficit accumulated during the exploration stage	(14,057,424)	(14,280,027)
Total Stockholders' Equity	(154,903)	(392,956)
Total Liabilities and Stockholders' Equity	321,564	86,214
Commitments

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UNAUDITED CONDENSED INTERIM BALANCE SHEETS (parenthetical) - $ / shares	Nov. 30, 2020	Aug. 31, 2020
Statement of Financial Position [Abstract]
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	128,471,700	128,471,700
Common Stock, Shares, Outstanding	128,471,700	128,471,700

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CONDENSED INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	COMMON STOCK [Member]	ADDITIONAL PAID-IN CAPITAL [Member]	DEFICIT ACCUMULATED [Member]	Total
Beginning Balance at Aug. 31, 2019	$ 127,473	$ 13,730,801	$ (14,314,159)	$ (455,885)
Beginning Balance (Shares) at Aug. 31, 2019	127,471,700
Shares issued for LOI on October 28 (shares)	1,000,000
Shares issued for LOI on October 28	$ 1,000	10,489		11,489
Comprehensive Income (loss)			(49,607)	(49,607)
Ending Balance at Nov. 30, 2019	$ 128,473	13,741,290	(14,363,766)	(494,003)
Ending Balance (Shares) at Nov. 30, 2019	128,471,700
Stock options granted on February 25		17,308		17,308
Comprehensive Income (loss)			145,785	145,785
Ending Balance at Feb. 29, 2020	$ 128,473	13,758,598	(14,217,981)	(330,910)
Ending Balance (Shares) at Feb. 29, 2020	128,471,700
Comprehensive Income (loss)			(30,797)	(30,797)
Ending Balance at May. 31, 2020	$ 128,473	13,758,598	(14,248,778)	(361,707)
Ending Balance (Shares) at May. 31, 2020	128,471,700
Comprehensive Income (loss)			(31,249)	(31,249)
Ending Balance at Aug. 31, 2020	$ 128,473	13,758,598	(14,280,027)	(392,956)
Ending Balance (Shares) at Aug. 31, 2020	128,471,700
Stock options granted on November 12		15,450		15,450
Comprehensive Income (loss)			222,603	222,603
Ending Balance at Nov. 30, 2020	$ 128,473	$ 13,774,048	$ (14,057,424)	$ (154,903)
Ending Balance (Shares) at Nov. 30, 2020	128,471,700

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CONDENSED INTERIM STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Expenses
Accounting and audit	$ 5,235	$ 6,349
Bank charges and interest expense	225	545
Consulting	3,000	10,500
Mineral exploration costs	1,373	12,578
Fees and dues	6,816	5,710
Insurance		3,605
Investor relations	4,247	5,735
Legal and professional	3,913	2,390
Office and miscellaneous	1,008	127
Research and Development	1,984	494
Rent	0	1,474
Stock based compensation	15,450
Total expenses	43,251	49,507
Loss for the period before other items	(43,251)	(49,507)
Other income (expense)
Foreign exchange gain (loss)	(1,290)	(100)
Unrealized gain on marketable securities	16,250
Realized gain on marketable securities	894
Income from royalty granted	250,000
Net Income (loss) and comprehensive Income (loss) for the period	$ 222,603	$ (49,607)
Basic Income (loss) per share (in dollars per share)	$ 0.00	$ (0.00)
Diluted Income (loss) per share (in dollars per share)	$ 0.00	$ (0.00)
Weighted average number of common shares outstanding - basic (in shares)	128,471,700	127,834,337
Weighted average number of common shares outstanding - diluted(in shares)	128,940,297	127,834,337

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CONDENSED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Nov. 30, 2020	Nov. 30, 2019
Cash flows used in operating activities
Net Income (loss)	$ 222,603	$ (49,607)
Changes to reconcile net loss to net cash used in operating activities
Shares issued for exploration cost		11,489
Stock based compensation	15,450
Income from royalty grant	(250,000)
Unrealized gain on marketable securities	(16,250)
Gain on disposal of marketable securities	(894)
Interest on loan payable		378
Change in non-cash working capital items:
Accounts receivable	(810)	(1,212)
Prepaid expenses and deposit	(7,718)	18,450
Accounts payable and accrued liabilities	2,547	3,812
Due to related parties	(5,250)	14,339
Net Cash Provided by (Used in) Operating Activities, Total	(40,322)	(2,351)
Cash flows from investing activities
Proceeds from disposal of marketable securities	2,069
Proceeds from sale of royalty grant	250,000
Net cash from investing activities	252,069
Increase (Decrease) in cash and cash equivalents	211,747	(2,351)
Cash and cash equivalents, beginning of period	45,528	9,758
Cash and cash equivalents, end of period	257,275	7,407
Supplemental information of cash flows
Interest paid in cash	0	0
Income taxes paid in cash	$ 0	$ 0

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ORGANIZATION

3 Months Ended

Nov. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

ORGANIZATION [Text Block]

1. ORGANIZATION

The unaudited condensed interim financial statements for the period ended November 30, 2020 included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These unaudited condensed interim financial statements should be read in conjunction with the August 31, 2020 audited annual financial statements and notes thereto.

The Company was formed on November 24, 2004 under the laws of the State of Nevada and commenced operations on November 24, 2004. The Company was an independent natural resource company engaged in the exploration, development and acquisition of natural resources in the United States and Canada. In the fiscal year 2010, the Company shifted its strategic plan from its non-renewal energy operations to its planned renewal energy operations and natural resource acquisition and development. In late summer of 2013, the Company had another business sector in alternative health and wellness. During spring of 2016, the Company shifted its strategic plan to natural resource acquisitions and Lithium brine extraction technology. The Company office is located in Kelowna, B.C., Canada.

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GOING CONCERN UNCERTAINTY

3 Months Ended

Nov. 30, 2020

Going Concern Uncertainty [Abstract]

GOING CONCERN UNCERTAINTY [Text Block]

2. GOING CONCERN UNCERTAINTY

 The accompanying unaudited condensed interim financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business for the foreseeable future. The Company had a working capital deficit of $154,903 as at November 30, 2020 ($392,956 as at August 31, 2020).  The Company incurred net cash outflows from operating activities of $40,322 for the three months ended November 30, 2020 ($2,351 for the three months ended November 30, 2019) and as at November 30, 2020 has incurred cumulative losses of $14,057,424 that raises substantial doubt about its ability to continue as a going concern.  Management has been able, thus far, to finance the operations through equity financing and cash on hand.  There is no assurance that the Company will be able to continue to finance the Company on this basis.

In view of these conditions, the ability of the Company to continue as a going concern is in substantial doubt and dependent upon its ability to generate sufficient cash flow to meet its obligations on a timely basis, to obtain additional financing as may be required, to receive the continued support of the Company's shareholders, and ultimately to obtain successful operations. There are no assurances that we will be able to obtain further funds required for our continued operations. As noted herein, we are pursuing various financing alternatives to meet our immediate and long-term financial requirements. There can be no assurance that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be unable to conduct our operations as planned, and we will not be able to meet our other obligations as they become due. In such event, we will be forced to scale down or perhaps even cease our operations. There is significant uncertainty as to whether we can obtain additional financing. These unaudited condensed interim financial statements do not give effect to any adjustments which would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and discharge its liabilities in other than the normal course of business and at amounts different from those reflected in the accompanying unaudited condensed interim financial statements.

Since March 2020, several measures have been implemented in Canada, the United States, and the rest of the world in response to the increased impact from the novel coronavirus ("COVID-19"). While the impact of COVID-19 is expected to be temporary, the current circumstances are dynamic and the impact on our business operations cannot be reasonably estimated at this time. We anticipate this could have an adverse impact on our exploration plans, results of operations, financial position and cash flows.

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SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Nov. 30, 2020

Accounting Policies [Abstract]

SIGNIFICANT ACCOUNTING POLICIES [Text Block]

3.           SIGNIFICANT ACCOUNTING POLICIES

a) Basis of Presentation

The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and the instructions to Securities and Exchange Commission ("SEC") Form 10-Q and Article 10 of SEC Regulation S-X. They do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended August 31, 2020.

b) Accounting Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. On an ongoing basis, we evaluate our estimates, judgments, and assumptions, including those related to stock based compensation (expense and liability). Our estimates, judgments, and assumptions are based on historical experience, future expectations, and other factors which we believe to be reasonable. Actual results could differ from those estimates and assumptions.

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MARKETABLE SECURITIES

3 Months Ended

Nov. 30, 2020

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES [Text Block]

4.           MARKETABLE SECURITIES

Marketable securities consist of the Company's investment in units of Grayscale Bitcoin Trust. As at November 30, 2020, the movement in the Company's marketable securities is as follows:

Balance, August 31, 2019	—
Additions - cost	21,153
Unrealized gain	3,201
Balance, August 31, 2020	24,354
Proceeds from disposals	(2,069	)
Gain on disposals	894
Unrealized gain	16,250
Balance, November 30, 2020	39,429

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MINERAL PROPERTY

3 Months Ended

Nov. 30, 2020

Mineral Industries Disclosures [Abstract]

MINERAL PROPERTY [Text Block]

5. MINERAL PROPERTY

During the year ended August 30, 2017 the Company staked lode and placer claims on BLM lands in Esmerelda county Nevada covering approximately 160 Acres subject to adjustment. The Company has a 100% interest in the lands and is only responsible for the yearly maintenance fees to keep its 100% interest. The claims are in good standing until August 31, 2021.

On October 28, 2019, the Company signed an LOI with Eagle Plains Resources Ltd. ("Eagle Plains") to earn up to 75% interest in the Pine Channel gold project in Saskatchewan, Canada (the "Pine Channel SK Property"). The terms of the LOI included periodic payments cash payments, exploration expenditures, as well as issuance of common shares of the Company. Upon signing the LOI, the Company issued 1,000,000 of its common shares to Eagle Plains, valued at $11,489. The Company dropped the LOI on Dec 13th, 2019 and has no further related commitments.

On February 11, 2020, the Company signed a 1% Royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $200,000. The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party.

On October 29, 2020, the Company signed a 1% Royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $250,000. The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party.

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RELATED PARTY TRANSACTIONS

3 Months Ended

Nov. 30, 2020

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS [Text Block]

6. RELATED PARTIES TRANSACTION

For the three month period ended November 30, 2020, the Company was party to the following related party transactions:

• The Company incurred $Nil (November 30, 2019: $10,500) to the President of the Company in consulting fees.
• During the three months ended November 30, 2020, the Company repaid $5,250 of amounts outstanding resulting in accounts payable to the President of the Company of $183,584 as at November 30, 2020 (August 31, 2020: $188,834).

The related party transactions are recorded at the exchange amount established and agreed to between the related parties.

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COMMON STOCK

3 Months Ended

Nov. 30, 2020

Stockholders' Equity Note [Abstract]

COMMON STOCK [Text Block]

7. COMMON STOCK

On October 28, 2019 the Company issued 1,000,000 shares to Eagle Plains Resources Ltd. upon entering LOI (Note 5).

As at November 30, 2020 and August 31, 2020 the Company had 128,471,700 shares issued and outstanding.

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STOCK OPTIONS AND WARRANTS

3 Months Ended

Nov. 30, 2020

Stock Options And Warrants [Abstract]

STOCK OPTIONS AND WARRANTS [Text Block]

8.    STOCK OPTIONS AND WARRANTS

Stock Options

On July 15, 2014, the shareholders approved and adopted at the Annual General Meeting the Company's 2014 Stock Option Plan.  On April 14, 2011, the shareholders approved and adopted at the Annual General Meeting to consolidate the Company's 2007 Equity compensation plan and the Company's 2010 Equity Compensation Plan into a new Company 2011 Stock Option Plan.  The purpose of these Plans is to advance the interests of the Corporation, through the grant of Options, by providing an incentive mechanism to foster the interest of eligible persons in the success of the Corporation and its affiliates; encouraging eligible persons to remain with the Corporation or its affiliates; and attracting new Directors, Officers, Employees and Consultants.

On November 12, 2020, the Company issued 500,000 stock options to one of the consultants of the Company with an exercise price of $0.05 vested immediately, expiring November 12, 2025.

The fair value of the options granted was estimated on the date of the grant using the Black-Scholes options pricing model, with the following weighted average assumptions:

Expected dividend yield	0.00%
Expected stock volatility	149%
Risk-free interest rate	0.40%
Expected life of options (years)	5.00
Expected forfeiture rate	0.00%
Grant date fair value per option	$0.03

During the three-month period ended November 30, 2020, the Company recorded $15,450 (November 30, 2019 - $Nil) as stock based compensation expenses and a total of 1,100,000 stock options expired without being exercised (November 30, 2019 - 1,000,000).

A summary of the changes in stock options for the three months ended November 30, 2020 is presented below:

				Options Outstanding
				Weighted Average
	Number of Shares			Exercise Price
Balance, August 31, 2019	8,320,000		$	0.07
Expired	(1,000,000	)		0.10
Issued	2,000,000			0.02
Balance, August 31, 2020	9,320,000		$	0.06
Expired	(1,100,000	)		0.05
Issued	500,000			0.05
Balance, November 30, 2020	8,720,000		$	0.06

The Company has the following options outstanding and exercisable: 

November 30, 2020
	Options outstanding and exercisable
	Number	Remaining
Exercise prices	of shares	contractual life
$0.05	500,000	5.00 years
$0.07	550,000	2.48 years
$0.06	535,000	2.45 years
$0.05	800,000	1.91 years
$0.10	500,000	1.42 years
$0.02	2,000,000*	1.24 years
$0.07	1,500,000	1.17 years
$0.07	1,535,000	1.14 years
$0.07	800,000	0.80 years
$0.06	8,720,000	1.95 years

*As at November 30, 2020 the market price of the Company's common shares was $0.0327 per share. A total of 2,000,000 incentive stock options, exercisable at $0.02, were in the money with an intrinsic value of $25,400.

August 31, 2020

	Options outstanding and exercisable
	Number	Remaining
Exercise prices	of shares	contractual life
$0.07	550,000	2.73 years
$0.06	535,000	2.70 years
$0.05	800,000	2.16 years
$0.10	500,000	1.67 years
$0.02	2,000,000	1.49 years
$0.07	1,500,000	1.42 years
$0.07	1,535,000	1.39 years
$0.07	800,000	1.05 years
$0.05	1,100,000	0.15 years
$0.06	9,320,000	1.48 years

Warrants

During the period ended November 30, 2020 there were no warrants issued.

A summary of warrants as at November 30, 2020 and August 31, 2020 is as follows:

				Warrants Outstanding
				Weighted Average
	Number of warrants			Exercise Price
Balance, August 31, 2019	26,141,459		$	0.06
Expired	(12,904,590	)		0.07
Balance, August 31, 2020 and November 30, 2020	13,236,869		$	0.05

Number Outstanding1	Exercise Price	Expiry Date
6,009,369	$0.040	March 27, 2023
2,427,500	$0.050	September 21, 2021
4,800,000	$0.050	August 31, 2021
13,236,869

1. Each warrant entitles a holder to purchase one common share.

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COMMITMENTS

3 Months Ended

Nov. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS [Text Block]

9. COMMITMENTS

The Company has a consulting agreement with the President of the Company for corporate administration and consulting services for $3,500 per month plus goods and services tax ("GST") on a continuing basis. The President voluntarily suspended and terminated accrual of these consulting fees commencing on December 1, 2019 and continuing until such time as the Company's financial condition permits a resumption of such cost.

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SEGMENTED INFORMATION

3 Months Ended

Nov. 30, 2020

Segment Reporting [Abstract]

SEGMENTED INFORMATION [Text Block]

10. SEGMENTED INFORMATION

As at November 30, 2020 and August 31, 2020, the Company is operating its business in one reportable segment: natural resource acquisitions. All of the Company's material long-lived assets are located in the United States.

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SUBSEQUENT EVENTS

3 Months Ended

Nov. 30, 2020

Subsequent Events [Abstract]

SUBSEQUENT EVENTS [Text Block]

11. SUBSEQUENT EVENTS

On December 14, 2020 the Company signed Rodney B Blake to a 12 month consulting contract and the issuance of 100,000 stock options valid for 5 years at $0.05 cents each.

On December 14, 2020 the Company signed Definitive Agreement to acquire 100% interest in United States Patent and Trademark Office ("USPTO") patent #6,024,086 - Solar energy collector having oval absorption tubes by issuing 1,000,000 common shares of the Company. The Company issued 1,000,000 additional common shares in escrow to be released upon the successful approval of patent pending work derived from patent #6,024,086. The Technology is to be adapted to work at our Clayton Valley lithium project. If successful the technology could have several clean energy applications. If successful a joint venture would be formed at a later date to be determined.

On December 14, 2020 the Company signed Albert Clark Rich to a 12 month consulting contract and the issuance of 500,000 stock options valid for 5 years at $0.05 cents each.

On December 14, 2020 the Company granted 1,000,000 stock options valid for 5 years at $0.05 cents each to Mark Snyder a consultant with the Company.

On December 14, 2020 the Company granted 500,000 stock options valid for 5 years at $0.05 cents each to Robert McAllister CEO of the Company.

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SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Nov. 30, 2020

Accounting Policies [Abstract]

Basis of Presentation [Policy Text Block]

a) Basis of Presentation

The accompanying unaudited condensed interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information and the instructions to Securities and Exchange Commission ("SEC") Form 10-Q and Article 10 of SEC Regulation S-X. They do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Therefore, these financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended August 31, 2020.

Accounting Estimates [Policy Text Block]

b) Accounting Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. On an ongoing basis, we evaluate our estimates, judgments, and assumptions, including those related to stock based compensation (expense and liability). Our estimates, judgments, and assumptions are based on historical experience, future expectations, and other factors which we believe to be reasonable. Actual results could differ from those estimates and assumptions.

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MARKETABLE SECURITIES (Tables)

3 Months Ended

Nov. 30, 2020

Investments, Debt and Equity Securities [Abstract]

Schedule of movement in marketable securities [Table Text Block]

Balance, August 31, 2019	—
Additions - cost	21,153
Unrealized gain	3,201
Balance, August 31, 2020	24,354
Proceeds from disposals	(2,069	)
Gain on disposals	894
Unrealized gain	16,250
Balance, November 30, 2020	39,429

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STOCK OPTIONS AND WARRANTS (Tables)

3 Months Ended

Nov. 30, 2020

Stock Options And Warrants [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

Expected dividend yield	0.00%
Expected stock volatility	149%
Risk-free interest rate	0.40%
Expected life of options (years)	5.00
Expected forfeiture rate	0.00%
Grant date fair value per option	$0.03

Share-based Payment Arrangement, Option, Activity [Table Text Block]

				Options Outstanding
				Weighted Average
	Number of Shares			Exercise Price
Balance, August 31, 2019	8,320,000		$	0.07
Expired	(1,000,000	)		0.10
Issued	2,000,000			0.02
Balance, August 31, 2020	9,320,000		$	0.06
Expired	(1,100,000	)		0.05
Issued	500,000			0.05
Balance, November 30, 2020	8,720,000		$	0.06

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

November 30, 2020
	Options outstanding and exercisable
	Number	Remaining
Exercise prices	of shares	contractual life
$0.05	500,000	5.00 years
$0.07	550,000	2.48 years
$0.06	535,000	2.45 years
$0.05	800,000	1.91 years
$0.10	500,000	1.42 years
$0.02	2,000,000*	1.24 years
$0.07	1,500,000	1.17 years
$0.07	1,535,000	1.14 years
$0.07	800,000	0.80 years
$0.06	8,720,000	1.95 years

*As at November 30, 2020 the market price of the Company's common shares was $0.0327 per share. A total of 2,000,000 incentive stock options, exercisable at $0.02, were in the money with an intrinsic value of $25,400.

August 31, 2020

	Options outstanding and exercisable
	Number	Remaining
Exercise prices	of shares	contractual life
$0.07	550,000	2.73 years
$0.06	535,000	2.70 years
$0.05	800,000	2.16 years
$0.10	500,000	1.67 years
$0.02	2,000,000	1.49 years
$0.07	1,500,000	1.42 years
$0.07	1,535,000	1.39 years
$0.07	800,000	1.05 years
$0.05	1,100,000	0.15 years
$0.06	9,320,000	1.48 years

Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]

				Warrants Outstanding
				Weighted Average
	Number of warrants			Exercise Price
Balance, August 31, 2019	26,141,459		$	0.06
Expired	(12,904,590	)		0.07
Balance, August 31, 2020 and November 30, 2020	13,236,869		$	0.05

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Number Outstanding1	Exercise Price	Expiry Date
6,009,369	$0.040	March 27, 2023
2,427,500	$0.050	September 21, 2021
4,800,000	$0.050	August 31, 2021
13,236,869

1. Each warrant entitles a holder to purchase one common share.

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GOING CONCERN UNCERTAINTY (Narrative) (Details) - USD ($)	3 Months Ended
	Nov. 30, 2020	Aug. 31, 2020	Nov. 30, 2019
Going Concern Uncertainty [Abstract]
Working capital (deficit)	$ (154,903)	$ (392,956)
Net cash (used in) operating activities	(40,322)		$ (2,351)
Cumulative Losses	$ (14,057,424)	$ (14,280,027)

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MINERAL PROPERTY (Narrative) (Details) - USD ($)		1 Months Ended		3 Months Ended
	Feb. 11, 2020	Oct. 29, 2020	Oct. 28, 2019	Nov. 30, 2020	Nov. 30, 2019
Mineral Industries [Line Items]
Percentage of Land Rights Interest				100.00%
Value of shares issued for LOI					$ 11,489
Eagle Plains Resources Ltd [Member]
Mineral Industries [Line Items]
Percentage of letter of intent			75.00%
Shares issued for LOI			1,000,000
Value of shares issued for LOI			$ 11,489
Clayton Valley [Member]
Mineral Industries [Line Items]
Percentage of royalty agreement	1.00%	1.00%
Total cash consideration	$ 200,000	$ 250,000

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RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($)	3 Months Ended
	Nov. 30, 2020	Nov. 30, 2019	Aug. 31, 2020
Related Party Transaction [Line Items]
Due to the President	$ 183,584		$ 188,834
President [Member]
Related Party Transaction [Line Items]
Consulting Fees	0	$ 10,500
Repayment of loan from related party	5,250
Due to the President	$ 183,584		$ 188,834

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COMMON STOCK (Narrative) (Details) - shares	1 Months Ended
	Oct. 28, 2019	Nov. 30, 2020	Aug. 31, 2020
Stockholders Equity Note [Line Items]
Common Stock, Shares, Issued		128,471,700	128,471,700
Common Stock, Shares, Outstanding		128,471,700	128,471,700
Eagle Plains Resources Ltd [Member]
Stockholders Equity Note [Line Items]
Shares issued for LOI	1,000,000

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STOCK OPTIONS AND WARRANTS (Narrative) (Details) - USD ($)		3 Months Ended		12 Months Ended
	Nov. 12, 2020	Nov. 30, 2020	Nov. 30, 2019	Aug. 31, 2020	Aug. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	500,000	500,000		2,000,000
Stock options granted exercise price	$ 0.05	$ 0.05		$ 0.02
Stock based compensation		$ 15,450
Stock options expired		1,100,000	1,000,000	1,000,000
Options outstanding and exercisable Number of shares		8,720,000		9,320,000	8,320,000
Exercise prices		$ 0.06		$ 0.06	$ 0.07
Option exercise price 0.02 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price		$ 0.0327
Options outstanding and exercisable Number of shares		2,000,000		2,000,000
Exercise prices		$ 0.02		$ 0.02
Intrinsic value		$ 25,400

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COMMITMENTS (Narrative) (Details)	Nov. 30, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Corporate administration and consulting services per month plus goods and services tax	$ 3,500

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SUBSEQUENT EVENTS (Narrative) (Details) - USD ($)			3 Months Ended	12 Months Ended
	Dec. 14, 2020	Nov. 12, 2020	Nov. 30, 2020	Aug. 31, 2020
Subsequent Event [Line Items]
Number of stock options issued		500,000	500,000	2,000,000
Exercise prices		$ 0.05	$ 0.05	$ 0.02
Subsequent Event [Member] | Definitive agreement [Member]
Subsequent Event [Line Items]
Number of stock options issuance	$ 1,000,000
Number of additional common shares issued in escrow	1,000,000
Subsequent Event [Member] | Rodney B Blake [Member] | Consulting contract [Member]
Subsequent Event [Line Items]
Number of stock options issued	100,000
Term of stock options issuance	5 years
Exercise prices	$ 0.05
Subsequent Event [Member] | Albert Clark Rich [Member] | Consulting contract [Member]
Subsequent Event [Line Items]
Number of stock options issued	500,000
Term of stock options issuance	5 years
Exercise prices	$ 0.05
Subsequent Event [Member] | Mark Snyder [Member] | Consulting contract [Member]
Subsequent Event [Line Items]
Number of stock options issued	1,000,000
Term of stock options issuance	5 years
Exercise prices	$ 0.05
Subsequent Event [Member] | Robert McAllister CEO [Member]
Subsequent Event [Line Items]
Number of stock options issued	500,000
Term of stock options issuance	5 years
Exercise prices	$ 0.05

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MARKETABLE SECURITIES - Schedule of movement in marketable securities (Details) - USD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2020	Aug. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Balance	$ 24,354	$ 0
Additions - cost		21,153
Proceeds from disposals	(2,069)
Gain on disposals	894
Unrealized gain	16,250	3,201
Balance	$ 39,429	$ 24,354

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STOCK OPTIONS AND WARRANTS - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details)	3 Months Ended
	Nov. 30, 2020 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%
Expected stock volatility	149.00%
Risk-free interest rate	0.40%
Expected life of options (years)	5 years
Expected forfeiture rate	0.00%
Grant date fair value per option	$ 0.03

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STOCK OPTIONS AND WARRANTS - Schedule of Share-based Compensation, Stock Options, Activity (Details) - $ / shares		3 Months Ended		12 Months Ended
	Nov. 12, 2020	Nov. 30, 2020	Nov. 30, 2019	Aug. 31, 2020
Stock Options And Warrants [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning of Period		9,320,000	8,320,000	8,320,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning of Period		$ 0.06	$ 0.07	$ 0.07
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period		(1,100,000)	(1,000,000)	(1,000,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price		$ 0.05		$ 0.10
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	500,000	500,000		2,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0.05	$ 0.05		$ 0.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, End of Period		8,720,000		9,320,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, End of Period		$ 0.06		$ 0.06

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STOCK OPTIONS AND WARRANTS - Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details) - $ / shares	3 Months Ended	12 Months Ended
	Nov. 30, 2020	Aug. 31, 2020	Aug. 31, 2019
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.06	$ 0.06	$ 0.07
Options outstanding and exercisable Number of shares	8,720,000	9,320,000	8,320,000
Options outstanding and exercisable Remaining contractual life	1 year 11 months 12 days	1 year 5 months 23 days
Option exercise price 0.05 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.05
Options outstanding and exercisable Number of shares	500,000
Options outstanding and exercisable Remaining contractual life	5 years
Option exercise price 0.07 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.07	$ 0.07
Options outstanding and exercisable Number of shares	550,000	550,000
Options outstanding and exercisable Remaining contractual life	2 years 5 months 23 days	2 years 8 months 23 days
Option exercise price 0.06 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.06	$ 0.06
Options outstanding and exercisable Number of shares	535,000	535,000
Options outstanding and exercisable Remaining contractual life	2 years 5 months 12 days	2 years 8 months 12 days
Option exercise price 0.05 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.05	$ 0.05
Options outstanding and exercisable Number of shares	800,000	800,000
Options outstanding and exercisable Remaining contractual life	1 year 10 months 28 days	2 years 1 month 28 days
Option exercise price 0.10 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.10	$ 0.10
Options outstanding and exercisable Number of shares	500,000	500,000
Options outstanding and exercisable Remaining contractual life	1 year 5 months 1 day	1 year 8 months 1 day
Option exercise price 0.02 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.02	$ 0.02
Options outstanding and exercisable Number of shares	2,000,000	2,000,000
Options outstanding and exercisable Remaining contractual life	1 year 2 months 26 days	1 year 5 months 26 days
Option exercise price 0.07 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.07	$ 0.07
Options outstanding and exercisable Number of shares	1,500,000	1,500,000
Options outstanding and exercisable Remaining contractual life	1 year 2 months 1 day	1 year 5 months 1 day
Option exercise price 0.07 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.07	$ 0.07
Options outstanding and exercisable Number of shares	1,535,000	1,535,000
Options outstanding and exercisable Remaining contractual life	1 year 1 month 20 days	1 year 4 months 20 days
Option exercise price 0.07 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices	$ 0.07	$ 0.07
Options outstanding and exercisable Number of shares	800,000	800,000
Options outstanding and exercisable Remaining contractual life	9 months 18 days	1 year 18 days
Option exercise price 0.05 [Member]
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise prices		$ 0.05
Options outstanding and exercisable Number of shares		1,100,000
Options outstanding and exercisable Remaining contractual life		1 month 24 days

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STOCK OPTIONS AND WARRANTS - Schedule of Stockholders' Equity Note, Warrants or Rights, Activity (Details) - $ / shares	3 Months Ended	12 Months Ended
	Nov. 30, 2020	Aug. 31, 2020
Stock Options And Warrants [Abstract]
Class of Warrant or Right, Outstanding, Beginning of Period	13,236,869	26,141,459
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price, Beginning of Period	$ 0.05	$ 0.06
Class of Warrant or Right, Expirations in Period		(12,904,590)
Class of Warrant or Right, Expirations in Period, Weighted Average Exercise Price		$ 0.07
Class of Warrant or Right, Outstanding, End of Period	13,236,869	13,236,869
Class of Warrant or Right, Outstanding, Weighted Average Exercise Price, End of Period	$ 0.05	$ 0.05

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STOCK OPTIONS AND WARRANTS - Schedule of Stockholders' Equity Note, Warrants or Rights (Details) - $ / shares	Nov. 30, 2020	Aug. 31, 2020	Aug. 31, 2019
Class of Warrant or Right [Line Items]
Number Outstanding	13,236,869	13,236,869	26,141,459
Warrant exercise price 1 [Member]
Class of Warrant or Right [Line Items]
Number Outstanding	6,009,369
Exercise Price	$ 0.040
Warrant exercise price 2 [Member]
Class of Warrant or Right [Line Items]
Number Outstanding	2,427,500
Exercise Price	$ 0.050
Warrant exercise price 3 [Member]
Class of Warrant or Right [Line Items]
Number Outstanding	4,800,000
Exercise Price	$ 0.050