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CONSOLIDATED BALANCE SHEETS - USD ($)
Aug. 31, 2023
Aug. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 1,079,307 $ 1,838,300
Short-term investments 505,611
Prepaid expenses and other current assets 39,577 293,130
Total current assets 1,118,884 2,637,041
Property and equipment, net 23,853
Mineral properties, net 415,607 415,607
Deposit 7,500
TOTAL ASSETS 1,534,491 3,084,001
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 93,406 41,101
Total current liabilities 93,406 41,101
SHAREHOLDERS' EQUITY    
Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and outstanding
Common stock, par value $0.01; 100,000,000 shares authorized, 73,728,263 and 72,869,220 shares issued and outstanding as of August 31, 2023 and 2022, respectively 737,283 728,692
Additional paid-in capital 43,047,824 42,066,269
Accumulated deficit (42,344,022) (39,752,061)
Total shareholders' equity 1,441,085 3,042,900
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,534,491 $ 3,084,001