v3.21.1
Consolidated Balance Sheets - USD ($)
Feb. 28, 2021
Aug. 31, 2020
Current assets    
Cash $ 162,016 $ 62,404
Trade and other receivables 317,303 12,830
Ore inventory 24,500 14,749
Other inventory 15,000 12,250
Note receivable 91,044 89,159
Prepaid expenses and other current assets 2,039,468 2,043,510
Total Current Assets 2,649,331 2,234,902
Non-Current assets    
Mineral leases 34,911,143 34,911,143
Property, plant and equipment 40,337,115 35,582,512
Right of use asset 188,598 209,101
Intangible assets 707,671 707,671
Total Non-Current Assets 76,144,527 71,410,427
Total Assets 78,793,858 73,645,329
Current liabilities    
Accounts payable 1,973,923 2,406,665
Accrued expenses 1,620,401 1,769,749
Ore Sale advances 283,976 283,976
Promissory notes payable 50,000 8,000
Debt 586,733 683,547
Current portion of convertible debentures 7,797,628 8,227,257
Current portion of Federal relief loans   74,383
Current portion of finance lease liabilities 163,959 172,374
Current portion of operating lease liabilities 45,136 42,053
Related party payables 657,892 680,647
Derivative liability 363,008 841,385
Total Current Liabilities 13,542,656 15,190,036
Non-Current liabilities    
Convertible debentures 856,039 607,067
Federal relief loans 713,726 505,969
Finance lease liabilities   75,058
Operating lease liabilities 143,462 167,048
Reclamation and restoration provision 2,970,497 2,970,497
Total Non-Current Liabilities 4,683,724 4,325,639
Total Liabilities 18,226,380 19,515,675
Commitments and contingencies
SHAREHOLDERS’ EQUITY    
Share capital 152,676,649 144,794,003
Deficit (92,109,171) (90,664,349)
Total Shareholders’ Equity 60,567,478 54,129,654
Total Liabilities and Shareholders’ Equity $ 78,793,858 $ 73,645,329

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