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