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Consolidated Statements of Comprehensive Loss - CAD ($)
12 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2018
Revenue      
Interest $ 24,787 $ 42,819 $ 61,777
Management fees 109,351 10,204  
Total revenue 134,138 53,023 61,777
Expenses      
Corporate and administrative 1,828,971 2,415,003 2,724,759
Impairment loss on exploration and evaluation assets 5,587,210 639,034  
General exploration 127,353 11,861 17,269
Depreciation 163,292 20,617 18,538
Share based compensation 99,033 78,844 149,286
Interest on lease obligation 43,530    
Foreign exchange loss 622 1,435 2,705
Financing transaction costs   177,503 634,912
Increase in fair value of convertible redeemable preferred shares 39,375 376,688 535,500
Increase (Decrease) in fair value of derivative liabilities 32,758 (126,951) (562,216)
Total Expenses 7,922,144 3,594,034 3,520,753
Net Loss before the Undernoted item (7,788,006) (3,541,011) (3,458,976)
Gain on Sale of Property, Plant and Equipment 2,373,261    
Net Loss before Income Taxes (5,414,745) (3,541,011) (3,458,976)
Deferred Income Tax Recoveries 47,481 154,676 218,232
Net Loss and Total Comprehensive Loss for the year $ (5,367,264) $ (3,386,335) $ (3,240,744)
Loss per Share - Basic and Diluted (in dollars per share) $ (0.016) $ (0.012) $ (0.015)
Weighted Average Number of Common Shares Outstanding - Basic and Diluted (in shares) 334,332,582 275,760,316 215,152,381