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Financial instruments | 9 Months Ended
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May 31, 2024
Notes and other explanatory information [abstract] |
Financial instruments |
| 17. | Financial instruments
Fair value of financial instruments The following table sets out the classification of the Company’s financial instruments as at May 31, 2024 and August 31, 2023:
Schedule of financial instruments |  |  |  |  |  |
|  | May 31, 2024 |  |  | August 31, 2023 |
Financial Assets |  |  |  |  |  |  |  |
Measured at amortized cost |  |  |  |  |  |  |  |
Amounts receivable |  | $ | 1,599 |  |  | $ | 3,140 |
Measured at fair value through profit or loss |  |  |  |  |  |  |  |
Cash |  |  | 7,666 |  |  |  | 7,629 |
Financial Liabilities |  |  |  |  |  |  |  |
Measured at amortized cost |  |  |  |  |  |  |  |
Amounts payables and accrued liabilities |  |  | 14,454 |  |  |  | 11,571 |
Measured at fair value through profit or loss |  |  |  |  |  |  |  |
Derivative financial instrument liabilities |  |  | 4,221 |  |  |  | 3,544 |
Fair value estimates are made at a specific point in time based on relevant market information and information about financial instruments. These estimates are subject to and involve uncertainties and matters of significant judgment, and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. The Company classifies its financial instruments carried at fair value according to a three-level hierarchy that reflects the significance of the inputs used in making the fair value measurements. The three levels of fair value hierarchy, giving the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs, are as follows:
| · | Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities;
| · | Level 2 – Inputs other than quoted prices that are observable for assets and liabilities, either directly or indirectly; and
| · | Level 3 – Inputs for assets or liabilities that are not based on observable market data.
As at May 31, 2024 and August 31, 2023, cash was classified as Level 1 and derivative warrant liabilities (Note 9) were classified as Level 3 under the fair value hierarchy.

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