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Consolidated Statements of Financial Position - CAD ($)
Aug. 31, 2020
Aug. 31, 2019
Current Assets    
Cash and cash equivalents $ 1,295,723 $ 1,881,841
Other receivables 263,141 337,573
Prepaid expenses and deposits 118,536 140,720
Asset held for sale   2,605,147
Total Current Assets 1,677,400 4,965,281
Non-Current Assets    
Exploration and evaluation assets 12,083,199 17,065,203
Property, plant and equipment 102,836,885 101,981,838
Total Non-Current Assets 114,920,084 119,047,041
Total Assets 116,597,484 124,012,322
Current Liabilities    
Accounts payable 153,743 151,318
Accrued liabilities 574,383 922,474
Deferred flow-through share premium 136,800 47,481
Deferred asset sale proceeds   3,200,000
Current portion of lease obligation 178,893  
Total Current Liabilities 1,043,819 4,321,273
Non-Current Liabilities    
Lease obligation 688,574  
Convertible note payable   175,000
Convertible redeemable preferred shares   958,125
Derivative liabilities 59,827 27,069
Site closure and reclamation provisions 303,600 303,600
Total Non-current Liabilities 1,052,001 1,463,794
Total Liabilities 2,095,820 5,785,067
Shareholders' Equity    
Share Capital 179,329,547 177,802,700
Reserve for Warrants 4,336,481 4,330,037
Reserve for Share Based Payments 17,333,864 17,225,482
Reserve for Brokers' Compensation Warrants 286,000 286,000
Accumulated Deficit (86,784,228) (81,416,964)
Total Shareholders Equity 114,501,664 118,227,255
Total Liabilities and Shareholders Equity $ 116,597,484 $ 124,012,322