MARKETABLE SECURITIES (Tables)

9 Months Ended

May 31, 2022

Investments, Debt and Equity Securities [Abstract]

Schedule of movement in marketable securities [Table Text Block]

Balance, August 31, 2020	24,354
Additions	17,705
Proceeds from disposals	(21,385	)
Unrealized Gain	(5,680	)
Balance, August 31, 2021	14,994
Additions 1	3,432,382
Unrealized gain/(loss)	(666,862	)
Proceeds from disposal	(10,064	)
Loss on disposal	(7,641	)
Balance, May 31, 2022	2,762,809

¹ Company recorded the 3,000,000 shares received from Cypress on May 4, 2022 as an investment and valued the investment using the closing rate of CAD1.63 per share and a discount rate of 10% due to LOM. The shares were subsequently revalued as at the period ended date of May 31, 2022 using the closing rate of CAD1.28 per share and discounting rate of 9%, with the resulting changes in fair value being recorded as part of other profit or loss.