On June 1, 2015, the Company acquired a 100% interest in TMC Capital LLC, which holds the rights to mine ore from the Asphalt Ridge deposit. The mining and crushing of the bituminous sands has been contracted to an independent third party.

During the year ended August 31, 2019, the cost of mining, hauling and crushing the ore, amounting to $176,792 (2018 - $122,242), was recorded as the cost of the crushed ore inventory.