MARKETABLE SECURITIES

9 Months Ended

May 31, 2024

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 initially restricted for trade and as of May 31, 2024 are all tradable. Marketable securities as at May 31, 2024 consist of the Company's investment in 3,000,000 shares of Century of which a total of 2,354,700 have been sold, 1,214,500 of which were sold during the nine month period ended May 31, 2024 (nine month ended May 31, 2023 - 776,700) leaving 645,300 shares.

As at May 31, 2024, the movement in the Company's marketable securities is as follows:

Balance, August 31, 2023	$	989,307
Additions		-
Mark to market		183,691
Unrealized foreign exchange gain (loss)		7,763
Proceeds from disposal		(218,555	)
Realized loss on disposal		(327,784	)
Realized Foreign exchange loss on disposal		(20,640	)
Balance, November 30, 2023	$	613,782
Additions		-
Mark to market		397,441
Unrealized foreign exchange gain (loss)		(1,218)
Proceeds from disposal		(162,779)
Realized loss on disposal		(398,529	)
Realized Foreign exchange loss on disposal		(18,383	)
Balance, February 29, 2024	$	430,314
Additions		-
Mark to market		161,362
Unrealized foreign exchange gain (loss)		(19,918	)
Proceeds from disposal		(139,256	)
Realized loss on disposal		(243,560	)
Realized Foreign exchange loss on disposal		(14,451	)
Balance, May 31, 2024	$	174,491