INCOME TAXES

12 Months Ended

Aug. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES [Text Block]

12. INCOME TAXES

The following table reconciles the income tax benefit at the U.S. Federal statutory income tax rates to income tax benefit at the Company's effective tax rates at August 31, 2025 and 2024:

		August 31,			August 31,
		2025			2024
Income (loss) before taxes	$	(506,853	)	$	(999,010	)
Statutory tax rate		21%			21%
Expected income tax expense (recovery)		(106,439	)		(209,792	)
Non-deductible items		-			72
Change in enacted rates and other		107,301			(23,804	)
Change in valuation allowance		(862	)		233,524
Income tax expense (recovery)	$	-		$	-

Deferred taxes reflect the tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes.

Deferred tax assets (liabilities) at August 31, 2025 and 2024 are comprised of the following:

		August 31,			August 31,
		2025			2024
Net operating loss carry forwards	$	2,744,096		$	2,970,455
Intangible assets		-			52,627
Marketable securities		-			79,339
Mineral property		-			-
Capital loss carry forwards		486,345			128,882
		3,230,441			3,231,303
Valuation allowance		(3,230,441	)		(3,231,303	)
Deferred tax assets (liabilities)	$	-		$	-

The Company has net operating loss carry forwards of approximately $13,067,126 (2024 - $14,145,026) a portion of which may be carried forward up to 20 years to apply against future taxable income for US tax purposes, subject to the final determination by the taxation authority, expiring in the following years. Future tax assets have not been recognized because it is not probable that future taxable profit will be available against which the Company can utilize the benefits therefrom.