|12 Months Ended|
Aug. 31, 2021
|Inventory Disclosure [Abstract]|
On June 1, 2015, the Company acquired a 100% interest in TMC Capital LLC (“TMC”), which through a sub-lease with Valkor, LLC (“Valkor”) held the rights to mine ore from the Asphalt Ridge deposit, refer subsequent events note 34. The mining and crushing of the bituminous sands has been contracted to an independent third party.
During the year ended August 31, 2021, the cost of mining, hauling and crushing the ore, amounting to $0 (2020 - $162,043), was recorded as the cost of the crushed ore inventory.
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef