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Consolidated Statements of Comprehensive Loss - CAD ($)
12 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2017
Revenue      
Interest $ 42,819 $ 61,777 $ 28,211
Management fees 10,204    
Total revenue 53,023 61,777 28,211
Expenses      
Corporate and administrative 2,415,003 2,724,759 2,877,792
Impairment loss on exploration and evaluation assets 639,034   178,118
General exploration 11,861 17,269 23,677
Depreciation 20,617 18,538 35,656
Share based compensation 78,844 149,286 183,108
Foreign exchange loss 1,435 2,705 5,137
Financing transaction costs 177,503 634,912 601,335
Increase in fair value of convertible redeemable preferred shares 376,688 535,500 131,250
Decrease in fair value of derivative liabilities (126,951) (562,216) (333,073)
Total Expenses 3,594,034 3,520,753 3,703,000
Net Loss before Income Taxes (3,541,011) (3,458,976) (3,674,789)
Deferred Income Tax Recoveries 154,676 218,232 317,468
Net Loss and Total Comprehensive Loss for the year $ (3,386,335) $ (3,240,744) $ (3,357,321)
Loss per Share - Basic and Diluted (in dollars per share) $ (0.012) $ (0.015) $ (0.018)
Weighted Average Number of Common Shares Outstanding, Basic and Diluted (in shares) 275,760,316 215,152,381 187,869,637