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STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Aug. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Arrangement, Option, Activity [Table Text Block]
          Options Outstanding  
          Weighted Average  
    Number of Shares     Exercise Price  
Balance, August 31, 2019   8,320,000   $ 0.07  
Issued   2,000,000     0.02  
Expired   (1,000,000 )   0.10  
Balance, August 31, 2020   9,320,000   $ 0.06  
Issued   5,150,000     0.10  
Expired   (1,100,000 )   0.05  
Exercised   (3,293,224 )   0.02  
Balance, August 31, 2021   10,076,776   $ 0.08  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

 

August 31, 2021

August 31, 2020

Expected volatility

91% - 149%

163%

Risk-free interest rate

0.40% -0.68%

1.16%

Expected life

5 years

2 years

Dividend yield

NIL

NIL

Estimated fair value per option

$0.02 -$0.12

$0.01

Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

Issue Date

Expiry Date

Exercise
Price

Number of
Options

Remaining
Life

September 19, 2016

September 19, 2021

0.07

500,000

0.05 years

January 20, 2017

January 20, 2022

0.07

1,200,000

0.39 years

January 31, 2017

January 31, 2022

0.07

1,250,000

0.42 years

May 2, 2017

May 2, 2022

0.10

500,000

0.67 years

October 27, 2017

October 27, 2022

0.05

800,000*

1.16 years

May 11, 2018

May 11, 2023

0.06

500,000*

1.69 years

May 22, 2018

May 22, 2023

0.07

450,000

1.72 years

February 25, 2020

February 25, 2022

0.02

226,776*

0.49 years

December 14, 2020

December 14, 2025

0.05

2,100,000*

4.29 years

January 28, 2021

January 28, 2026

0.14

2,000,000

4.41 years

February 4, 2021

February 4, 2026

0.18

100,000

4.43 years

February 5, 2021

February 5, 2026

0.18

300,000

4.44 years

April 27, 2021

April 27, 2026

0.12

100,000

4.66 years

May 28, 2021

May 28, 2026

0.12

50,000

4.74 years

 

 

 

 

 

 

 

0.08

10,076,776

2.40 years

*As at August 31, 2021 the market price of the Company's common shares was $0.0629 per share. A total of 3,626,776 incentive stock options were in the money with an intrinsic value of $48,589.

Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]
          Weighted Average  
    Number of warrants     Exercise Price  
Balance, August 31, 2019   26,141,459   $ 0.06  
Expired   (12,904,590 )   0.07  
Balance, August 31, 2020   13,236,869   $ 0.05  
Issued   1,500,000     0.09  
Forfeited   (2,300,000 )   0.05  
Exercised   (2,720,000 )   0.04  
Balance, August 31, 2021   9,716,869   $ 0.05  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

August 31, 2021

 

Issue Date

Expiry Date

Exercise
Price

Number of
Warrants*

September 21, 2018

September 21, 2021

0.05

2,427,500

March 27, 2019

March 27, 2023

0.04

5,789,369

January 14, 2021

January 14, 2022

0.09

1,500,000

 

 

 

 

 

 

0.05

9,716,869

*Each warrant entitles a holder to purchase one common share.