MARKETABLE SECURITIES

12 Months Ended

Aug. 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, as of August 31, 2024 all shares are tradable. Marketable securities as at August 31, 2024 consist of the Company's investment in 3,000,000 shares of Century of which a total of 2,649,700 were sold by August 31, 2024 leaving 350,300 shares.

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

Balance, August 31, 2022	$	2,443,750
Additions		-
Mark to market		136,681
Unrealized foreign exchange gain (loss)		(130,444	)
Proceeds from disposal		(854,599	)
Realized loss on disposal		(564,346	)
Realized Foreign exchange loss on disposal		(41,735	)
Balance, August 31, 2023	$	989,307
Additions		-
Mark to market		1,003,760
Unrealized foreign exchange gain (loss)		(6,595	)
Proceeds from disposal		(586,122	)
Realized loss on disposal		(1,265,781	)
Realized Foreign exchange loss on disposal		(67,053	)
Balance, August 31, 2024	$	67,516