Quarterly report pursuant to Section 13 or 15(d)

Mineral Leases (Tables)

v3.21.2
Mineral Leases (Tables)
 3 Months Ended
Nov. 30, 2019
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 - - - -
November 30, 2019 $ 11,091,388 $ 19,755 $ 23,800,000 $ 34,911,143
Accumulated Amortization
August 31, 2017, 2018 and November 30, 2019 $ - $ - $ - $ -
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
November 30, 2019 $ 11,091,388 $ 19,755 $ 23,800,000 $ 34,911,143