RELATED PARTY TRANSACTIONS

12 Months Ended

Aug. 31, 2023

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS [Text Block]

7. RELATED PARTY TRANSACTIONS

For the year ended August 31, 2023, the Company was party to the following related party transactions with key management personnel, which consists of the President and Chief Financial Officer of the Company and its Directors:

• Incurred $114,000 (2022 - $38,000) to the President of the Company in consulting fees. As at August 31, 2023, the accounts payable to the President of the Company was $17,196, of which $17,159 were accrued wages (2022: $64,409). On December 6, 2021 the Company issued 250,000 stock options valued at $12,205 to the President of the Company (Note 9).
• Incurred $20,000 (2022 - $769) to the Chief Financial Officer of the Company in consulting fees. As at August 31, 2023, the accounts payable to the Chief Financial Officer of the Company was $0 (2022: $0). On August 18, 2022, the Company issued 1,000,000 stock options valued at $40,543 to the Chief Financial Officer of the Company (Note 9).
• The Company incurred $13,500 to a director of the Company in geological consulting services.
• On August 18, 2022 the Company issued a total of 1,000,000 stock options valued at $40,543 to two Directors of the Company.