Quarterly report pursuant to Section 13 or 15(d)

Mineral Leases (Tables)

v3.21.2
Mineral Leases (Tables)
 9 Months Ended
May 31, 2019
Mineral Leases [Abstract]  
Schedule of mineral leases
   

TMC

Mineral

Lease

    

POSR

Mineral

Lease

    

PQE

Mineral

Lease

     Total  
Cost                                
August 31, 2017   $ 11,091,388     $ -     $ -     $ 11,091,388  
Additions     -       19,755       -       19,755  
August 31, 2018     11,091,388       19,755       -       11,111,143  
Additions     -       -       10,800,000       10,800,000  
May 31, 2019   $ 11,091,388     $ 19,755     $ 10,800,000     $ 21,911,143  
                                 
Accumulated Amortization                                
August 31, 2017   $ -     $ -     $ -     $ -  
Additions     -       -       -       -  
August 31, 2018     -       -       -       -  
Additions     -       -       -       -  
May 31, 2019   $ -     $ -     $ -     $ -  
                                 
Carrying Amount                                
August 31, 2017   $ 11,091,388     $ -     $ -     $ 11,091,388  
August 31, 2018   $ 11,091,388     $ 19,755     $ -     $ 11,111,143  
May 31, 2019   $ 11,091,388     $ 19,755     $ 10,800,000     $ 21,911,143