v3.26.3
Due to Related Parties and Notes Payable - Related Parties
 6 Months Ended
Aug. 31, 2026
Related Party Transactions [Abstract]  
Due to Related Parties and Notes Payable - Related Parties
 
6.
Due to Related Parties and Notes Payable – Related Parties
 
a)
On March 24, 2021, the Company entered into a promissory note with the Chief Executive Officer ("CEO") of the Company for $10,000, which is unsecured, bears interest of 10% per annum and matured on March 24, 2022. On May 28, 2026, the maturity date of the note was extended to September 17, 2027. As at August 31, 2026, the outstanding principal is $10,000 (February 28, 2026 – $10,000) and the Company has recognized accrued interest of $5,441 (February 28, 2026 – $4,937), which is included in due to related parties.
 
b)
On September 7, 2021, the Company entered into a promissory note with the CEO of the Company for $10,000, which is unsecured, bears interest of 10% per annum and matured on March 7, 2022. On May 28, 2026, the maturity date of the note is extended to September 17, 2027. As at August 31, 2026, the outstanding principal is $10,000 (February 28, 2026 – $10,000) and the Company has recognized accrued interest of $4,983 (February 28, 2026 – $4,479) which is included in due to related parties.
 
c)
On February 11, 2022, the Company entered into a promissory note with the CEO of the Company for $20,000, which is unsecured, bears interest of 10% per annum and matured on February 11, 2023. On May 28, 2026, the maturity date of the note is extended to September 17, 2027. As at August 31, 2026, the outstanding principal is $20,000 (February 28, 2026 – $20,000) and the Company has recognized accrued interest of $9,107 (February 28, 2026 – $8,099), which is included in due to related parties.
 
d)
During the year ended February 28, 2022, a company controlled by a significant shareholder of the Company purchased from a third-party lender a promissory note of the Company in the amount of $15,000, which is unsecured, bears interest of 10% per annum and matured on October 13, 2023. On August 28, 2026, the Company settled the outstanding principal of $15,000 and accrued interest of $8,063 through the issuance of common stock (Note 9(b)). As at August 31, 2026, the outstanding principal is $nil (February 28, 2026 – $15,000) and the Company has recognized accrued interest of $nil (February 28, 2026 – $7,319), which is included in due to related parties.
 
e)
On May 2, 2022, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $25,000, which is unsecured, bears interest of 10% per annum and matured on May 2, 2023. On August 28, 2026, the Company settled the outstanding principal of $25,000 and accrued interest of $10,815 through the issuance of common stock (Note 9(b)). As at August 31, 2026, the outstanding principal is $nil (February 28, 2026 – $25,000) and the Company has recognized accrued interest of $nil (February 28, 2026 – $9,575), which is included in due to related parties.
 
f)
On September 9, 2022, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $15,000, which is unsecured, bears interest of 10% per annum and matured on September 9, 2023. On August 28, 2026, the Company settled the outstanding principal of $15,000 and accrued interest of $5,955 through the issuance of common stock (Note 9(b)). As at August 31, 2026, the outstanding principal is $nil (February 28, 2026 – $15,000) and the Company has recognized accrued interest of $nil (February 28, 2026 – $5,211), which is included in due to related parties.
 
g)
On January 31, 2025, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $50,000, which is unsecured, bears interest of 10% per annum and matures on January 31, 2027. On August 28, 2026, the Company settled the outstanding principal of $50,000 and accrued interest of $7,863 through the issuance of common stock (Note 9(b)). As at August 31, 2026, the outstanding principal is $nil (February 28, 2026 – $50,000) and the Company has recognized accrued interest of $nil (February 28, 2026 – $5,383), which is included in due to related parties.
 
h)
On March 3, 2025, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $50,000, which is unsecured, bears interest of 10% per annum and matures on March 3, 2027. On August 28, 2026, the Company settled the outstanding principal of $50,000 and accrued interest of $7,438 through the issuance of common stock (Note 9(b)). As at August 31, 2026, the outstanding principal is $nil (February 28, 2026 – $50,000) and the Company has recognized accrued interest of $nil (February 28, 2026 – $4,959), which is included in due to related parties.
 
 
i)
On May 9, 2025, the
Company
entered into a promissory note with a company controlled by a significant shareholder of the Company for $29,000, which is unsecured, bears interest of 10% per annum and matures on May 9, 2027. On August 28, 2026, the Company settled the outstanding principal of $29,000 and accrued interest of $3,782 through the issuance of common stock (Note 9(b)). As at August 31, 2026, the outstanding principal is $nil (February 28, 2026 – $29,000) and the Company has recognized accrued interest of $nil (February 28, 2026 – $2,344), which is included in due to related parties.
 
j)
On May 22, 2025, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $41,000, which is unsecured, bears interest of 10% per annum and matures on May 22, 2027. On August 28, 2026, the Company settled the outstanding principal of $41,000 and accrued interest of $5,201 through the issuance of common stock (Note 9(b)). As at August 31, 2026, the outstanding principal is $nil (February 28, 2026 – $41,000) and the Company has recognized accrued interest of $nil (February 28, 2026 – $3,168), which is included in due to related parties.
 
k)
On July 23, 2025, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $50,000, which is unsecured, bears interest of 10% per annum and matures on July 23, 2027. On August 28, 2026, the Company settled the outstanding principal of $50,000 and accrued interest of $5,493 through the issuance of common stock (Note 9(b)). As at August 31, 2026, the outstanding principal is $nil (February 28, 2026 – $50,000) and the Company has recognized accrued interest of $nil (February 28, 2026 – $3,014), which is included in due to related parties.
 
l)
On September 12, 2025, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $50,000, which is unsecured, bears interest of 10% per annum and matures on September 12, 2027. On August 28, 2026, the Company settled the outstanding principal of $50,000 and accrued interest of $4,795 through the issuance of common stock (Note 9(b)). As at August 31, 2026, the outstanding principal is $nil (February 28, 2026 – $50,000) and the Company has recognized accrued interest of $nil (February 28, 2026 – $2,315), which is included in due to related parties.
 
m)
On March 17, 2026, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $50,000, which is unsecured, bears interest of 10% per annum and matures on March 17, 2029. As at August 31, 2026, the outstanding principal is $50,000 and the Company has recognized accrued interest of $2,288, which is included in due to related parties.
 
n)
On May 29, 2026, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $25,000, which is unsecured, bears interest of 10% per annum and matures on May 29, 2029. As at August 31, 2026, the outstanding principal is $25,000 and the Company has recognized accrued interest of $644, which is included in due to related parties.
 
o)
On July 27, 2026, the Company entered into a promissory note with a company controlled by a significant shareholder of the Company for $
25,000
, which is unsecured, bears interest of
10
% per annum and matures on July 27, 2029. As at August 31, 2026, the outstanding principal is $
25,000
and the Company has recognized accrued interest of $
240
, which is included in due to related parties.
 
On August 28, 2026, the Company issued 1,000,000 shares of common stock with a fair value of $900,000 to settle the outstanding principals and accrued interest for the notes payable as discussed in note 6(d) through 6(l) totaling $384,405 and resulting in a loss on settlement of debt of $515,595 (Note 9(b)).
 
p)
As at August 31, 2026, the Company owes a total of $25,184 (February 28, 2026 – $681) to a director and officers of the Company for advances, which are unsecured, non-interest bearing and due on demand.
 
q)
During the six months ended August 31, 2026, the Company incurred salary expenses of $60,507 (R996,370) (2025 – $55,120 (R996,370)) to the CEO of the Company.
 
r)
During the six months ended August 31, 2026, the Company incurred directors' fees of $33,500 (2025 – $33,500) to a Director of the Company pursuant to a Director Agreement (Note 11(a)).
 
s)
During the six months ended August 31, 2026, the Company incurred directors' fees of $2,277 (R37,500) (2025 – $2,075 (R37,500)) to a Director of the Company.
 
t)
During the six months ended August 31, 2026, the Company incurred director fees of $35,000 (2025 – $35,000) to the Director and former Chief Operating Officer ("COO") of the Company pursuant to a Director and Officer Agreement (Note 11(b)).
 
u)
During the six months ended August 31, 2026, the Company incurred director fees of $10,130 (R165,595) (2025 – $nil (Rnil)) to a Director of the Company.
 
v)
During the six months ended August 31, 2026, the Company incurred director fees of $132,222 (2025 – $nil) to a Director of the Company pursuant to a Director and Officer Agreement (Note 11(c)).
 
w)
During the six months ended August 31, 2026, the Company incurred director fees of $15,000 (2025 – $nil) to a Director of the Company pursuant to a Director and Officer Agreement (Note 11(d)).