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Item 1. Financial Statements

2022-04-13 compared with 2022-01-13 · 205 added, 171 removed, 480 unchanged (44% of the section changed)

Financial Statements.

Our unaudited condensed financial statements for the three month period ended November 30, 2021 form part of this quarterly report.

Our unaudited condensed financial statements for the six month period ended February 28, 2022 form part of this quarterly report.

They are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.

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Cash and cash equivalents

Marketable securities (Note 4)

Marketable securities

Accounts receivable

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Total current assets

Mineral Property (Note 5)

LIABILITIES AND STOCKHOLDERS' EQUITY

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STOCKHOLDERS' EQUITY

Share capital

Share capital (Note 9)

200,000,000 common shares with a par value of $ 0.001 per share

Issued and outstanding:

142,002,700 common shares at November 30, 2021 and August 31,2021:

155,116,088 common shares at February 28, 2022 and August 31,2021:

Additional paid-in capital (Note 10)

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Commitments (Note 11)

Subsequent Events (Note 11)

The accompanying notes are an integral part of these unaudited condensed interim financial statements

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Balance, August 31, 2020

Shares issued for LOI on November 12

Shares issued for LOI

Comprehensive loss

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Warrants exercised

Stock options granted on September 1

Comprehensive loss

Stock options granted on Sept 1

Comprehensive income (loss)

Balance, November 30, 2021

Shares issued for hydrogen technology

Shares issued for investment in Joint Venture

Shares issued for services

Stock options granted

Stock options exercised

Comprehensive loss

Balance, February 28, 2022

The accompanying notes are an integral part of these unaudited condensed interim financial statements

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THREE MONTHS ENDED

SIX MONTHS ENDED

Accounting and audit

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Office and miscellaneous

Research and Development

Research and development (Note 6,7)

Stock based compensation (Note 10)

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Foreign exchange gain (loss)

Unrealized gain on marketable securities

Realized gain on marketable securities

Income from royalty granted (Note 5)

Unrealized gain on marketable securities (Note 4)

Gain on disposal of marketable securities (Note 4)

Income from mineral property sale (Note 5)

Income from royalty grant (Note 5)

Net Income (loss) and comprehensive Income (loss) for the period

Basic Income (loss) per share

Diluted Income (loss) per share

Basic earnings (loss) per share

Diluted earnings (loss) per share

Weighted average number of common shares outstanding - basic

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(Expressed in U.S.

THREE MONTHS ENDED

SIX MONTHS ENDED

Cash flows used in operating activities

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Changes to reconcile net loss to net cash used in operating activities

Shares issued for exploration cost

Shares issued for consulting

Shares issued for purchase of hydrogen technology

Shares issued for battery management technology

Stock based compensation

Income from Royalty grant

Income from mineral property sale

Unrealized gain on marketable securities

Gain on disposal of marketable securities

Interest on loan payable

Loss (gain) on disposal of marketable securities

Change in non-cash working capital items:

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Proceeds from disposal of marketable securities

Staking of mineral property

Proceeds from mineral property sale

Proceeds from royalty grant

Net cash from investing activities

Cash flows from Financing activities

Proceeds from warrant exercise

Net cash from financing activities

Increase in cash and cash equivalents

Cash flows from (used in) Financing activities

Net proceeds from options exercised

Net proceeds from warrants exercised

Net proceeds from subscriptions received

Net cash from (used in) Financing activities

Increase (Decrease) in cash and cash equivalents

Cash and cash equivalents, beginning of period

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Supplemental information of cash flows

Interest paid in cash

Income taxes paid in cash

Cashless option exercise

The accompanying notes are an integral part of these unaudited condensed interim financial statements

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NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS (UNAUDITED)

November 30, 2020

February 28, 2022

(Expressed in U.S.

O RGANIZATION

The unaudited condensed interim financial statements for the period ended November 30, 2021 included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission.

The unaudited condensed interim financial statements for the period ended February 28, 2022 included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission.

Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with United States generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations.

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The accompanying unaudited condensed interim financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business for the foreseeable future.

The Company incurred net cash outflows from operating activities of $ 125,246 for the three months ended November 30, 2021 ($ 40,322 for the three months ended November 30, 2020) and as at November 30, 2021 has incurred cumulative losses of $ 14,785,614 that raises substantial doubt about its ability to continue as a going concern.

The Company incurred net cash outflows from operating activities of $ 404,041 for the six months ended February 28, 2022 ($ 167,835 for the six months ended February 28, 2021) and as at February 28, 2022 has incurred cumulative losses of $ 15,524,122 that raises substantial doubt about its ability to continue as a going concern.

Management has been able, thus far, to finance the operations through equity financing and cash on hand.

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MARKETABLE SECURITIES

Marketable securities consist of the Company's investment in shares of STEM.INC.

As at November 30, 2021, the movement in the Company's marketable securities is as follows:

Marketable securities consist of the Company's investment in units of Grayscale Bitcoin Trust.

As at February 28, 2022, the movement in the Company's marketable securities is as follows:

Balance, August 31, 2020

Unrealized loss

Proceeds from disposals

Unrealized Gain

Balance, August 31, 2021

Unrealized gain

Balance, November 30, 2021

Proceeds from disposal

Loss on disposal

Balance, February 28, 2022

MINERAL PROPERTY

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The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party.

On February 24, 2022, the Company announced the proposed sale of the Lode and Placer claims of BLM lands in Esmeralda county Nevada covering approximately 160 Acres subject to adjustment to Cypress Development Corp.

The Agreed upon selling price is $ 1,100,000 cash with $ 50,000 of this total being received on signing the definitive agreement and the issuance of 3,000,000 shares of Cypress Development Corp.

This proposed sale is subject to Company shareholders approving the transaction at a special meeting to be held April 29, 2022 with a shareholder date of record being March 25th 2022, and other regulatory approvals.

On February 25, 2022 the Company completed the staking of approximately 1,760 acres, covering 88 lode claims, prospective for Lithium Claystone in the Big Smoky Valley of western Nevada.

Respective payments have been made to Esmeralda County and BLM for the year ending August 31, 2022.

The Company owns 100 % of the project, with no royalties payable.

TECHNOLOGY DEVELOPMENT

On December 6, 2021, The Company entered into a Definitive Purchase and Sale Agreement with Mr.

Terry Galyon to acquire 100 % ownership and rights to the Hydrogen Technology.

The Company paid $ 25,000 in cash and issued 1,000,000 shares to Mr.

Terry Galyon in consideration for acquiring the Hydrogen Technology.

The Company has recorded the considerations for the purchase of the Hydrogen Technology as research and development expense in the condensed statement of operations for the period ended February 28, 2022, as follows:

Consideration for Purchase of Hydrogen Technology

2,000,000 shares at FV 0.0502 (Adjusted closing price on the date of the issuance)

The technology is still in research and development phase and is not commercially feasible as at period ended February 28, 2022.

The Company has incurred an additional $ 16,905 as research and development costs for the period ended February 28, 2022 related to hydrogen technology.

BATTERY MANAGEMENT TECHNOLOGY ("BMT")

On December 17, 2021, The Company entered into a Definitive Purchase and Sale Agreement with Mr.

Mark Snyder and Paul Sandler to acquire 100 % ownership and rights to their Provisional Patent Pending BMT.

The Company created a Joint Venture ("JV") with 51 % controlling interest to run the commercial and industrial operations related to the BMT and has paid $ 30,000 in cash and issued 10,000,000 shares ( 5,000,000 shares of which are in escrow) valued at $ 450,000 for purchase of the BMT.

BMT is still in research and development phase and have not obtained commercial or operational feasibility as at period ended February 28, 2022.

The The Company has recorded the entire considerations of $ 480,000 for the ownership of the BMT as research and development expense in the condensed statement of operations for the period ended February 28, 2022.

RELATED PARTIES TRANSACTION

For the three month period ended November 30, 2021, the Company was party to the following related party transactions:

As at November 30, 2021, the accounts payable to the President of the Company was $ 90,659 as at (August 31, 2021:

For the six month period ended February 28, 2022, the Company was party to the following related party transactions:

The Company incurred $ Nil (February 28, 2021:

$ Nil ) to the President of the Company in consulting fees.

The amounts outstanding in accounts payable to the President of the Company as at February 28, 2022 is $ 85,409 (August 31, 2021 - $ 111,659 ).

On December 6, 2021, the Company issued 250,000 stock options valued at $ 8,205 to the President of the Company (Note 10).

The related party transactions are recorded at the exchange amount established and agreed to between the related parties.

On October 28, 2019 the Company issued 1,000,000 shares to Eagle Plains Resources Ltd.

upon entering LOI (Note 5).

As at November 30, 2020 and August 31, 2020 the Company had 128,471,700 shares issued and outstanding.

On December 14, 2020 the Company issued 1,000,000 common shares and an additional 1,000,000 common shares in escrow in connection with the signed Definitive Agreement (Note 6).

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Each unit consists of one common share of the Company and one half (0.5) of a non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share of the Company for a period of 12 months from the date of issuance at a purchase price of $0.09.

During the year ended August 31, 2021 the Company also issued 3,020,000 common shares as a result of the exercise of stock options and 2,720,000 common shares as a result of the exercise of warrants (Note 9).

As at November 30, 2021 the Company had 142,002,700 shares issued and outstanding and August 31, 2021 the Company had 139,211,700 shares issued and outstanding.

During the year ended August 31, 2021 the Company also issued 3,020,000 common shares as a result of the exercise of stock options and 2,720,000 common shares as a result of the exercise of warrants.

During the six months ended February 28, 2022, the Company also issued 113,388 common shares as a result of the exercise of stock options and 2,791,000 common shares as a result of the exercise of warrants (Note10).

On December 6, 2021 the Company issued 1,000,000 common shares and an additional 1,000,000 common shares in escrow in connection with the purchase of Hydrogen Technology (Note 6).

On December 17, 2021 the Company issued 5,000,000 common shares and an additional 5,000,000 common shares in escrow in connection with the Investment in JV (Note 7).

On February 25, 2022, the Company issued 1,000,000 shares to one consultant of the Company.

As at February 28, 2022 and August 31, 2021 the Company had 155,116,088 (August 31, 2021:

139,211,700 ) shares issued and outstanding.

STOCK OPTIONS AND WARRANTS

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On September 9, 2021, the Company issued 500,000 stock options to one of the consultants of the Company with an exercise price of $ 0.08 vested immediately, expiring September 9, 2026.

On December 6, 2021, the Company issued 500,000 stock options to one of the consultants of the Company with an exercise price of $ 0.07 vested immediately, expiring December 6, 2026.

On December 6, 2021, the Company issued 250,000 stock options to one of the consultants of the Company with an exercise price of $ 0.07 vested immediately, expiring December 6, 2026.

On December 6, 2021, the Company issued 250,000 stock options to one director of the Company with an exercise price of $ 0.07 vested immediately, expiring December 6, 2026.

The fair value of the options granted was estimated on the date of the grant using the Black-Scholes options pricing model, with the following weighted average assumptions:

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Grant date fair value per option

During the three-month period ended November 30, 2021, the Company recorded $ 23,056 (November 30, 2020 - $ 15,450 ) as stock based compensation expenses and a total of 500,000 stock options expired without being exercised (November 30, 2020 - 1,100,000 ).

A summary of the changes in stock options for the three months ended November 30, 2021 is presented below:

During the six month period ended February 28, 2022, the Company recorded $ 55,877 (February 28, 2021 $ 288,686 ) as stock based compensation expenses.

In addition, the Company issued 113,388 (February 28, 2021:

2,720,000 ) common shares of the Company as a result of exercise of 226,776 cashless stock options and a total of 2,950,000 stock options expired without being exercised (February 29, 2021:

A summary of the changes in stock options for the six months ended February 28, 2022 is presented below:

Options Outstanding

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Balance, August 31, 2021

Balance, November 30, 2021

Balance, February 28, 2022

The Company has the following options outstanding and exercisable:

November 30, 2021

January 20, 2017

January 20, 2022

January 31, 2017

January 31, 2022

February 28, 2022

October 27, 2017

October 27, 2022

February 25, 2020

February 25, 2022

December 14, 2020

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September 1, 2026

*As at November t 30, 2021 the market price of the Company's common shares was $ 0.0490 per share.

A total of 226,776 incentive stock options were in the money with an intrinsic value of $ 6,577 ..

December 6, 2021

December 6, 2026

*As at February 28, 2022 the market price of the Company's common shares was $ 0.0423 per share.

No incentive stock options were in the money.

August 31, 2021

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A total of 3,626,776 incentive stock options were in the money with an intrinsic value of $ 48,589 .

During the period ended November 30, 2021 2,791,000 warrants were exercised at an average price of $ 0.05 and 452,500 warrants were forfeited..

A summary of warrants as at November 30, 2021 and August 31, 2021 is as follows:

During the period ended February 28, 2022 the Company extended 1,500,000 warrants attached to units in a private placement January 14 th 2021 until May 14, 2022 ( Note 9).

A summary of warrants as at February 28, 2022 and August 31, 2021 is as follows:

Weighted Average

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Balance, August 31, 2021

Balance, November 30,2021

Balance, February 28, 2022

The Company has the following warrants outstanding:

November 30, 2021

February 28, 2022

March 27, 2019

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January 14, 2021

January 14, 2022

*Each warrant entitles a holder to purchase one common share.

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The President voluntarily suspended and terminated accrual of these consulting fees commencing on December 1, 2019 and continuing until such time as the Company's financial condition permits a resumption of such cost.

The Company has a rental agreement for a corporate office for $ 1,100 per month plus GST.

The agreement expires December 31, 2021.

SEGMENTED INFORMATION

As at November 30, 2021 and August 31, 2021, the Company is operating its business in one reportable segment:

As at February 28, 2022 and August 31, 2021, the Company is operating its business in one reportable segment:

natural resource acquisitions.

All of the Company's material long-lived assets are located in the United States.

SUBSEQUENT EVENTS

On December 3, 2021 the Company signed Flathead Business Solutions to a 3 month contract for $ 6,000 .

On December 06, 2021 the Company signed Definitive Agreement to acquire 100 % interest in hydrogen technology proto type by issuing 1,000,000 common shares of the Company.

The Company issued 1,000,000 additional common shares in escrow to be released upon the successful approval of patent pending work derived from the prototype.

The Technology is to be adapted to work at our Clayton Valley lithium project.

If successful the technology could have several clean energy applications.

The Company also paid $ 25,000 on signing the Definitive Agreement.

On December 6 th , 2021 the Company signed Terry Galyon to a 12 month contract for $ 2,500 per month and the issuance of 500,000 stock options valid for 5 years at $ 0.07 cents each.

On December 6, 2021 the Company granted 250,000 stock options valid for 5 years at $ 0.07 cents each to Mark Snyder a consultant of the Company.

On December 6, 2021 the Company granted 250,000 stock options valid for 5 years at $ 0.07 cents each to Robert McAllister CEO of the Company.

Management's Discussion and Analysis of Financial Condition and Results of Operations

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Summary of Recent Business

On October 28, 2019, the Company signed an LOI with Eagle Plains Resources Ltd.

("Eagle Plains").

to earn up to 75% interest in the Pine Channel gold project in Saskatchewan, Canada (the "Pine Channel SK Property").

The terms of the LOI are as follows:

To earn a 60% interest in the Pine Channel SK Property, Enertopia or its assigns will commit to making total exploration expenditures on the property of CAD $2,000,000 over a 4 year period according to the following schedule:

CAD $100,000 on or before December 31, 2020

CAD $300,000 on or before December 3, 2021

CAD $600,000 on or before December 31, 2022

CAD $1,000,000 on or before December 31, 2023

Enertopia or its assigns would pay a total cash consideration of CAD $150,000 according to the following schedule:

CAD $15,000 on signing Definitive Agreement.

CAD $25,000 on or before December 31st, 2020

CAD $35,000 on or before December 31st, 2021

CAD $75,000 on or before December 31st, 2022

And issued 1,000,000 of our common shares to Eagle Plains Ltd.

On December 13 th 2019 the Company dropped the Pine Channel LOI.

On December 31 st 2019 the Company dropped its Canadian Securities Listing (CSE).

On December 31 st 2019 the Company accepted the resignation of directors Kristian Ross and Kevin Brown.

On February 12 th 2020 the Company signed a 1% Royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $200,000.

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The Company issued 1,000,000 additional common shares in escrow to be released upon the successful approval of patent pending work derived from patent #6,024,086.

The shares were issued at a price of $0.0345 resulting in a purchase price of $69,000.

The patent has since expired and was therefore written off.

On December 14, 2020 the Company signed Rodney Blake to a 12 month contract for the issuance of 100,000 stock options valid for 5 years at $0.05 cents each.

On December 14, 2020 the Company signed Albert Clark Rich to a 12 month contract for the issuance of 500,000 stock options valid for 5 years at $0.05 cents each.

On January 9, 2021 the Company issued 70,000 common shares as a result of the exercise of 70,000 options exercised at $0.065 per common share.

On January 14, 2021, Enertopia closed a private placement of 3,000,000 units a price of $0.06 per unit for net proceeds of $180,000.

Each Unit consists of one common share of the Company and one-half non-transferable Share purchase warrant (each whole warrant, a "Warrant").

Each Warrant will be exercisable into one further Share (a "Warrant Share") at a price of $0.09 per Warrant Share at any time until the close of business on the day which is 12 months from the date of issue of the Warrant.

On January 28, 2021 the Company signed Mark Snyder to a 12 month contract for $30,000 and the issuance of 2,000,000 stock options valid for 5 years at $0.14 cents each.

On January 29, 2021 the Company issued 1,500,000 common shares as a result of the exercise of 1,773,224 cashless options exercised at $0.02 per common share.

On February 4, 2021 the Company signed Barry Brooks to a 12 month contract for the issuance of 100,000 stock options valid for 5 years each at $0.18 cents each.

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On February 5, 2021 the Company signed Richard Smith to a 12 month contract for the issuance of 100,000 stock options valid for 5 years each at $0.18 cents each.

On March 2, 2021 the Company issued 250,000 common shares as a result of the exercise of 250,000 options exercised at $0.07 per common share.

On March 3, 2021 the Company issued 300,000 common shares as a result of the exercise of 300,000 options exercised at $0.07 per common share.

On April 27, 2021 the Company signed Michael Cornelius to a 12 month contract for the issuance of 100,000 stock options valid for 5 years at $0.12 cents each.

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On May 28, 2021, the Company issued 50,000 stock options to one of the consultants of the Company with an exercise price of $0.12 vested immediately, expiring May 28, 2026.

On June 1, 2021, the Company issued 2,000,000 common shares as a result of the exercise of 2,000,000 warrants exercised at $0.05 per common share.

On June 8, 2021, the Company issued 400,000 common shares to the Company CEO as a result of the exercise of 400,000 warrants exercised at $0.05 per common share.

On June 8, 2021 the Company issued 100,000 common shares as a result of the exercise of 100,000 options exercised at $0.07 per common share.

On June 29, 2021 the Company issued 100,000 common shares as a result of the exercise of 100,000 warrants exercised at $0.05 per common share.

On July 29, 2021 the Company issued 40,000 common shares as a result of the exercise of 40,000 warrants exercised at $0.04 per common share.

On July 29, 2021 the Company announced it had engaged Fundamental Research Corp.

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On August 17, 2021 the Company announced the filing of provisional patent #3, known as Enertopia Rainmaker TM

On Aug 23, 2021 the Company issued 40,000 common shares as a result of the exercise of 40,000 warrants exercised at $0.04 per common share.

On Aug 31, 2021 the Company issued 40,000 common shares as a result of the exercise of 40,000 warrants exercised at $0.04 per common share.

On Sep 01, 2021 the Company granted 500,000 options to a consultant of the Company for 5yrs at $0.08 per common share.

On Sep 02, 2021 the Company issued 100,000 common shares as a result of the exercise of 100,000 warrants exercised at $0.04 per common share and the Company issued 120,000 common shares as a result of the exercise of 120,000 warrants exercised at $0.05 per common share.

On Sep 08, 2021 the Company issued 520,000 common shares as a result of the exercise of 520,000 warrants exercised at $0.04 per common share and the Company issued 155,000 common shares as a result of the exercise of 155,000 warrants exercised at $0.05 per common share.

On Sep 13, 2021 the Company issued 96,000 common shares as a result of the exercise of 96,000 warrants exercised at $0.04 per common share and issued 100,000 common shares as a result of the exercise of 100,000 warrants exercised at $0.05 per common share.

On Sep 17, 2021 the Company issued 1,550,000 common shares as a result of the exercise of 1,550,000 warrants exercised at $0.05 per common share.

On Sep 21, 2021 the Company issued 50,000 common shares as a result of the exercise of 50,000 warrants exercised at $0.05 per common share.

On Oct 29, 2021 the Company issued 100,000 common shares as a result of the exercise of 100,000 warrants exercised at $0.04 per common share.

On December 6, 2021, the Company issued 500,000 stock options to one of the consultants of the Company with an exercise price of $0.07 vested immediately, expiring December 6, 2026.

On December 6, 2021, the Company issued 250,000 stock options to one of the consultants of the Company with an exercise price of $0.07 vested immediately, expiring December 6, 2026.

On December 6, 2021, the Company issued 250,000 stock options to one director of the Company with an exercise price of $0.07 vested immediately, expiring December 6, 2026.

On February 25, 2022, the Company issued 1,000,000 shares at $0.04 to one consultant of the Company and $2,500 cash.

Chronological Overview of our Business over the Last Five Years

On October 23, 2015, the Company's Board has appointed Kevin Brown as a Director of the Company and Victor Lebouthillier as an advisor to the Board of Directors.

On October 23, 2015, the Board of Directors accepted the resignation of Donald Findlay as Director of the Company.

On October 23, 2015, we granted 1,850,000 stock options to Directors, Executives and Consultants of the Company.

The exercise price of the stock options is $0.05, vested immediately, expiring October 23, 2020.

On December 16, 2015, extended two classes of warrants by two years with all other terms and conditions remaining the same.

We approved the expiry extension from January 31, 2016 till January 31, 2018 on 2,167,160 warrants that remain outstanding from the non-brokered private placement that closed on January 31, 2014.

The Company approved the expiry extension from February 13, 2016 till February 13, 2018 on 7,227,340 warrants that remain outstanding from the non-brokered private placement that closed on February 13, 2014.

On February 4, 2016, the Company's Board has appointed Olivier Vincent as an Advisor the Board of Directors and a consultant for a term of one year and granted 100,000 stock options to Olivier Vincent.

The exercise price of the stock options is $0.05, vested immediately, expiring February 4, 2021.

We issued 100,000 common shares at a price of $0.05 per share on exercise of these options.

On March 9, 2016, we closed a binding Letter of Intent to acquire 100% of an established profitable private nutritional vitamin/supplement company.

The private nutritional vitamin/supplement company has been in business for over 5 years showing good positive cash flows.

All products are manufactured by a GMP, NSF, FDA approved manufacturer in the United States.

Enertopia has agreed subject to further due diligence, review of financials and financing to a total amount of $350,000 for the acquisition, with $300,000 due on the signing of the Definitive Purchase Agreement.

The Definitive Purchase Agreement is expected to be completed before the end of April.

The Company did not further pursue this.

On April 21, 2016, Enertopia has signed a binding letter of intent with a to enter into negotiations to effect the optional acquisition of certain placer mining claims (the "Claims") in Nevada covering approximately 2,560 acres from S P W Inc.

holds the Claims directly ("Underlying Owner").

Upon the closing date of the transaction (the "Effective Date") S P W Inc.

will have the right to transfer, option, sell or assign the Claims to Enertopia.

The Placer mining claims and any underlying agreements will be acquired by Enertopia through a mineral property option agreement, an assignment agreement or an asset acquisition (the "Transaction").

On May 12, 2016 Enertopia has signed the Definitive Agreement with the Vendor respecting the option to purchase a 100% interest in approximately 2,560 acres of placer mining claims in Churchill, Lander and Nye Counties Nevada, USA.

These placer mining claims are subject to a 1.5% NSR from commercial production with the Company able to buy back the NSR at the rate of $500,000 per 0.5% NSR.

On May 20, 2016, Enertopia closed the first tranche of a private placement of 6,413,333 units at a price of CAD$0.015 per unit for gross proceeds of US$74,074 (CAD$96,200).

Each Unit consists of one common share of the Company and full non-transferable Share purchase warrant (each whole warrant, a "Warrant").

Each Warrant will be exercisable into one further Share (a "Warrant Share") at a price of US$0.05 per Warrant Share at any time until the close of business on the day which is 18 months from the date of issue of the Warrant, and thereafter at a price of US$0.10 per Warrant Share at any time until the close of business on the day which is 36 months from the date of issue of the Warrant.

On June 8, 2016, Enertopia closed its final tranche of a private placement of 3,016,667 units a price of CAD$0.015 per unit for gross proceeds of US$34,390 (CAD$45,250).

Each Unit consists of one common share of the Company and full non-transferable Share purchase warrant (each whole warrant, a "Warrant").

A cash finders' fee of CAD$3,300 and 286,666 full broker warrants that expire June 8, 2019 was paid to Canaccord Genuity, Leede Jones Gable, PI Financial and Mackie Research.

On August 9, 2016, we closed the first tranche of a private placement of 4,500,000 units at a price of CAD$0.035 per unit for gross proceeds of CAD$157,500.

Each unit consists of one common share of our Company and one non-transferable share purchase warrant, each full warrant entitling the holder to purchase one additional common share of our Company for a period of 24 months from the date of issuance, at a purchase price of US$0.07.

On August 10, 2016, we retained a private consulting firm to assist with mergers, acquisitions and market awareness for a 12 month contract.

The consulting firm operates a resource holding company that has been active in acquiring out of favor mining assets over the past several years.

It also provides breaking news, commentary and analysis on listed companies.

We engaged and paid the consulting firm USD$75,000.

On August 15, 2016 binding Letter of Intent was signed by us and Genesis Water Technologies, Inc.

("GWT") with regard to the acquisition by Enertopia (the "Acquisition") of the exclusive worldwide licensing rights (the "Licensing Rights") of all of the technology used in the process of recovering and extraction of battery grade lithium carbonate powder Li2CO3 grading 99.5% or higher purity from brine solutions (the "Technology") and covered under patent pending process #XXXXXX (the "Pending Patent").

On August 15, 2016, we issued 250,000 common shares at an exercise price of $0.05 per share as per the binding LOI signed with Genesis Water Technologies Inc.

On August 31, 2016, with the Company's strategic direction mostly being focused on natural resources and technology relating to the resource sector, the health and wellness portion of the business is discontinued.

On September 19, 2016, we entered into a one year Investor Relations Consulting agreement with Duncan McKay.

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On February 15, 2020, the loan plus interest was paid back in full.

On December 31st, 2019, the Company accepted the resignation of directors Kristian Ross and Kevin Brown.

On February 12th, 2020, the Company signed a 1% Royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $200,000.

The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party.

On February 25th, 2020, the Company signed Mark Snyder to a one year Technology Advisory Board.

Monthly contract rate of $1,000 per month and the issuance of 2,000,000 stock options valid for two years at a strike price of $0.02 per share.

On October 29, 2020 the Company signed a 1% royalty agreement with respect to any future commercial lithium production from the Company's Clayton Valley, Nevada claims in exchange for $250,000.

The Company has a right of first refusal to repurchase the royalty upon any proposed sale by the royalty holder to a third party.

On November 12, 2020 the Company signed Flathead Business Solutions to a 12 month contract for $12,000 and the issuance of 500,000 stock options valid for 5 years at $0.05 cents each.

On December 14, 2020 the Company signed Definitive Agreement to acquire 100% interest in United States Patent and Trademark Office ("USPTO") patent #6,024,086 - Solar energy collector having oval absorption tubes by issuing 1,000,000 common shares of the Company.