Enertopia Corp. SEC 10-Q Report

Enertopia Corp., a company engaged in lithium exploration and green technology development, has released its Form 10-Q report for the quarter ended May 31, 2025. The report provides a comprehensive overview of the company's financial performance and operational activities, highlighting key metrics and future outlooks.

Financial Highlights

• Revenue: $0 million. The company reported no revenue for the three-months and nine-months ended May 31, 2025, and 2024.
• Net Income (Loss) for the period: $(130,364). The net loss for the three-month period ended May 31, 2025, decreased by $157,537 compared to the same period in 2024, primarily due to a reduction in other expenses and consulting fees.
• Net Income (Loss) for the period: $(329,021). The net loss for the nine-month period ended May 31, 2025, decreased by $516,212 compared to the same period in 2024, primarily due to cost containment measures and focus on research and development work.
• Basic and diluted income (loss) per share: $(0.02). The basic and diluted loss per share for the three-month period ended May 31, 2025.
• Basic and diluted income (loss) per share: $(0.04). The basic and diluted loss per share for the nine-month period ended May 31, 2025.

Business Highlights

• Mineral Property Exploration: Enertopia Corp. is actively engaged in lithium exploration at their West Tonopah claims in Nevada, covering approximately 1,818 acres. The property is in good standing until September 3, 2025, with estimated yearly holding fees to the BLM and Esmeralda County, NV.
• Technology Development: The company is advancing its intellectual property in green technology, including the issuance of patents for the Enertopia Heat Extractor and Enertopia Rainmaker systems. These technologies focus on enhancing solar panel efficiency and water production.
• Research and Development Focus: Enertopia has incurred significant research and development expenses, particularly in clean technologies and energy management systems, reflecting its commitment to innovation in green technology.
• Segment Performance: The company operates in three segments: Natural Resources, Technology, and Corporate. As of May 31, 2025, the total assets were $80,485, with a focus on developing natural resources and technology.
• Operational Challenges: The company faces substantial doubt about its ability to continue as a going concern due to cumulative losses and net cash outflows from operating activities. Management is pursuing various financing alternatives to support ongoing operations.
• Future Outlook: Enertopia is focused on building shareholder value through its Nevada lithium claims and green technology patents. The company is exploring financing options to support its business continuity and operational plans.

SEC Filing: Enertopia Corp. [ ENRT ] - 10-Q - Jul. 14, 2025