Quarterly report pursuant to Section 13 or 15(d)

MINERAL LEASES (Tables)

v3.20.1
MINERAL LEASES (Tables)
 6 Months Ended
Feb. 29, 2020
Mineral Leases [Abstract]  
Schedule of mineral leases
    TMC     SITLA     BLM        
    Mineral     Mineral     Mineral        
    Lease     Lease     Lease     Total  
Cost                                
August 31, 2018   $ 11,091,388     $ 19,755     $ —     $ 11,111,143  
Additions     —       —       23,800,000       23,800,000  
August 31, 2019     11,091,388       19,755       23,800,000       34,911,143  
Additions     —       —       —       —  
February 29, 2020   $ 11,091,388     $ 19,755     $ 23,800,000     $ 34,911,143  
                                 
Accumulated Amortization                                
August 31, 2017, 2018 and February 29, 2020   $ —     $ —     $ —     $ —  
                                 
Carrying Amounts                                
August 31, 2018   $ 11,091,388     $ 19,755     $ —     $ 11,111,143  
August 31, 2019   $ 11,091,388     $ 19,755     $ 23,800,000     $ 34,911,143  
February 29, 2020   $ 11,091,388     $ 19,755     $ 23,800,000     $ 34,911,143