MARKETABLE SECURITIES

9 Months Ended

May 31, 2023

Investments, Debt and Equity Securities [Abstract]

4. MARKETABLE SECURITIES

On May 4, 2022 ("Closing Date"), the Company announced the sale of its Clayton Valley unpatented mining claims to Cypress Development Corporation ("Cypress") and as a result of this transaction received 3,000,000 shares of Cypress along with $1,100,000 in cash. During January 2023 Cypress underwent a name change to Century Lithium Corp ("Century"). The 3,000,000 shares were restricted for trade and as of May 31, 2023 are all tradable. Marketable securities as at May 31, 2023 consist of the Company's investment in 3,000,000 shares of Century of which a total of 776,700 were sold during the nine month period ended May 31, 2023 (three months ended May 31, 2023 - 443,900) leaving 2,223,300 shares. An additional 6,500 share sales were pending that were settled after the period end.

As at May 31, 2023, the movement in the Company's marketable securities is as follows:

Balance, August 31, 2021	$	14,994
Additions ¹		3,432,382
Unrealized loss		(923,533	)
Unrealized foreign exchange loss		(62,388	)
Proceeds from disposal		(10,064	)
Loss on disposal		(7,641	)
Balance, August 31, 2022	$	2,443,750
Additions		-
Unrealized gain (loss)		222,779
Unrealized foreign exchange gain (loss)		(142,420	)
Proceeds from disposal		(629,469	)
Realized loss on disposal		(327,378	)
Realized Foreign exchange loss on disposal		(30,537	)
Balance, May 31, 2023	$	1,536,726