RELATED PARTY TRANSACTIONS |
12 Months Ended |
|---|---|
Aug. 31, 2022 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 7 – RELATED PARTY TRANSACTIONS
During the year ended August 31, 2021, USARE, the Company’s joint venture partner, provided cash advances of $147,826, to pay certain deferred lease rental costs and amounts due under a note payable to the Rio Grande Foundation. These advances are uncollateralized and are non-interest-bearing. The cumulative balance of advances from USARE on May 17, 2021 totaling $728,227 was applied as consideration for the sale of 80% interest in Round Top as further discussed in Note 3, Joint Venture Arrangements. |