Income Taxes (Tables)

12 Months Ended

Feb. 28, 2021

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Effective Income Tax Rate

The following table reconciles the U.S. federal statutory income tax rate in effect for the years ended February 28, 2021 February 29, 2020, and the Company’s effective tax rate:

	Year Ended February 28, 2021			Year Ended February 29, 2020
U.S. federal statutory income tax	$	(1,240,198	)	$	(1,184,603	)
Meals & Entertainment		3,947			8,190
Stock expense related to warrant modifications		569,135			-
True-up of prior year permanent items		417,242			-
Change in valuation allowance		249,874			1,176,413
Effective income tax rate	$	-		$	-

Schedule of Components of Deferred Income Tax Assets

The significant components of deferred income tax assets and (liabilities) at February 28, 2021 and February 29, 2020 are as follows:

	February 28, 2021			February 29, 2020
Capitalized geological/geophysical & other intangibles	$	8,285		$	20,402
Debt discount & related amortization		486,060			16,562
Federal net operating loss		1,709,147			1,916,654
Less: valuation allowance		(2,203,492	)		(1,953,618	)
Net deferred tax asset	$	-		$	-