v3.26.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
May 31, 2026
Aug. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 2,606,393 $ 590,350
Prepaid expenses and other current assets 63,050 41,460
Total current assets 2,669,443 631,810
Restricted investment 38,766 38,766
Mineral properties, net 490,606 490,606
TOTAL ASSETS 3,198,815 1,161,182
CURRENT LIABILITIES    
Accounts payable and accrued liabilities 171,352 50,400
Notes payable, related party 75,000 75,000
Total current liabilities and liabilities 246,352 125,400
SHAREHOLDERS' EQUITY    
Preferred stock, par value $0.001; 10,000,000 shares authorized, no shares issued and oustanding as of May 31, 2026 and August 31, 2025
Common stock, par value $0.01; 100,000,000 shares authorized, 88,339,693 and 78,855,273 shares issued and oustanding as of May 31, 2026 and August 31, 2025, respectively 883,397 788,553
Additional paid-in capital 49,541,198 45,357,513
Accumulated deficit (47,472,132) (45,110,284)
Total shareholders' equity 2,952,463 1,035,782
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,198,815 $ 1,161,182