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Stock Options (Tables)

12 Months Ended

Aug. 31, 2024

Stock Options

Schedule of stock options activity

Grant Date		Granted Quantity				Exercise Price				Contractual Life (years)
10/26/2023			85,000			$	1.15				5
3/15/2024			200,000			$	2.93				5
4/26/2024			151,500			$	2.36				5
7/26/2024			48,000			$	3.39				5
7/26/2024			12,000			$	3.39				2
8/31/2024			200,000			$	3.92				5
			696,500			$	2.91				4.95

Options			Weighted Average Exercise Price				Contractual Life (years)
41,200			$	1.96				5
5,000			$	2.73				5
3,400			$	3.04				5
20,000			$	0.87				5
69,600			$	1.75			(Avg. Contractual Life) 5

Summary of continuity schedule of stock options

		Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value
Balance August 31, 2022			424,836				6.45
Cancelled/expired			(47,500	)			2.98
Granted			69,600				1.75
Balance August 31, 2023			446,936			$	3.32				3.25			$	3,600
Cancelled/expired			(196,000	)		$	2.94				4.27
Exercised			(2,500	)		$	1.15				4.16
Granted			696,500			$	2.91				4.63
Balance August 31, 2024 (Outstanding)			944,936				3.11				3.64				971,959
Balance August 31, 2024 (Exercisable)			734,936				2.88				3.31				971,959

Schedule of fair value of options granted

		August 31, 2024				August 31, 2023
Expected Volatility		92%-98		%		98%-119		%
Risk Free interest rate		3.77%-5.03		%		0.78%-3.30		%
Expected life		2.5-4.0 years				5.0 years
Dividend Yield			0.00	%			0.00	%
Estimated fair value per option		$0.63-$2.57				$2.25-$5.10

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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