35 unchanged sentences
Esmeralda County, NV
−Removed: The Company completed its maiden drill program in June 2022 and further information can be found at www.enertopia.com.
+Added: The Company completed its maiden drill program in June 2022 and a second drill program in March 2023.
+Added: Further information can be found at www.enertopia.com.
CLEAN TECHNOLOGY
2 unchanged sentences
On January 12, 2023 the Company announced the filing of Non provisional patent #4, known as the EMS filed November 2, 2022.
−Removed: The EMSis a battery monitoring technology that helps to increase the life and health of monitored battery packs.
+Added: The EMS is a battery monitoring technology that helps to increase the life and health of monitored battery packs.
On May 23, 2022 the Company announced the filing of Non provisional patent #1, known as the Enertopia Solar Booster TM .
22 unchanged sentences
Research and Development
−Removed: We have incurred $821,366 in research and development expenditures over the last two fiscal years and $57,352 during the six months ended February 28, 2023.
+Added: We have incurred $821,366 in research and development expenditures over the last two fiscal years and $102,424 during the nine months ended May 31, 2023.
There is strong competition relating to all aspects of the resource sector.
33 unchanged sentences
Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.
−Removed: Results of Operations - Three Months Ended February 28, 2023 and February 28, 2022
−Removed: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended February 28, 2023, which are included herein.
−Removed: Our operating results for the three months ended February 28, 2023 and February 28, 2022 and the changes between those periods for the respective items are summarized as follows:
+Added: Results of Operations - Three Months Ended May 31, 2023 and May 31, 2022
+Added: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended May 31, 2023, which are included herein.
+Added: Our operating results for the three months ended May 31, 2023 and May 31, 2022 and the changes between those periods for the respective items are summarized as follows:
Three Months Ended
−Removed: Cost of sales
+Added: May 31, May 31,
+Added: 2023 2022 Change
+Added: Revenue $ - $ - $ -
General and administrative 31,168 16,759 (14,409 )
6 unchanged sentences
Other expenses (income) 555,384 (3,812,451 ) (4,367,835 )
−Removed: Net (income) loss
−Removed: Our financial statements report no revenue for the three months ended February 28, 2023, and February 28, 2022.
−Removed: Our financial statements report a net income of $295,064 for the three-month period ended February 28, 2023, compared to a net loss of $738,508 for the three-month period ended February 28, 2022.
−Removed: Our net loss decreased by $1,033,572 for the three-month period ended February 28, 2023 primarily due to the decrease in R&D costs of $604,086 and the increase Other income of $499,274.
−Removed: Other income consisted of non-cash unrealized gain of $695,470 and foreign exchange loss of $17,615 on marketable securities, unrealized foreign exchange loss of $1,145 and realized losses on disposition of $122,741 and realized foreign exchange loss of $11,403 on marketable securities.
−Removed: Our operating costs were lower by $534,298 for February 28, 2023, compared to February 28, 2022.
−Removed: The decrease was due to decreases in consulting and R&D costs compared to February 28, 2022.
−Removed: Results of Operations - Six Months Ended February 28, 2023 and February 28, 2022
−Removed: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended February 28, 2023, which are included herein.
−Removed: Our operating results for the six months ended February 28, 2023 and February 28, 2022 and the changes between those periods for the respective items are summarized as follows:
−Removed: Six Months Ended
−Removed: Revenue (cost recovery)
−Removed: Cost of product sales
+Added: Net loss $ 1,139,395 $ (3,635,630 ) $ (4,775,025 )
+Added: Our financial statements report no revenue for the three months ended May 31, 2023, and May 31, 2022.
+Added: Our financial statements report a net loss of $1,139,395 for the three-month period ended May 31, 2023, compared to a net income of $3,635,630 for the three-month period ended May 31, 2022.
+Added: Our net loss increased by $4,775,025 for the three-month period ended May 31, 2023 primarily due to the drilling program included in exploration expenses for $325,170 and the decrease in other income of $4,367,835 from the prior period that included the gain from the sale of the mineral property of $4,532,382.
+Added: Other income consisted of non-cash unrealized losses of $324,529 and foreign exchange loss of $5,705 on marketable securities, unrealized foreign exchange loss of $1,379 and realized losses on disposition of $204,637 and realized foreign exchange loss of $19,134 on marketable securities.
+Added: Our operating costs were higher by $407,190 for May 31, 2023, compared to May 31, 2022.
+Added: The increase was primarily due to drilling program performed during the period for $325,170.
+Added: Results of Operations - Nine Months Ended May 31, 2023 and May 31, 2022
+Added: Our operating results for the nine months ended May 31, 2023 and May 31, 2022 and the changes between those periods for the respective items are summarized as follows:
+Added: Nine Months Ended
+Added: May 31, May 31,
+Added: 2023 2022 Change
+Added: Revenue $ - $ - $ -
General and administrative 85,929 30,680 (55,249 )
7 unchanged sentences
Net loss (income) $ 1,291,165 $ (2,780,901 ) $ (4,072,066 )
−Removed: Our financial statements report no revenue for the six months ended February 28, 2023, and February 28, 2022.
−Removed: Our financial statements report a net loss of $151,770 for the six-month period ended February 28, 2023, compared to a net loss of $854,727 for the six-month period ended February 28, 2022.
−Removed: Our net loss decreased by $702,957 for the six-month period ended February 28, 2023 primarily due to the decrease in R&D costs of $593,785 and the increase Other income of $230,063.
−Removed: Other income consisted of non-cash unrealized gain of $547,308 and foreign exchange loss of $136,715 on marketable securities, unrealized foreign exchange loss of $2,357 and realized losses on disposition of $122,741 and realized foreign exchange loss of $11,403 on marketable securities.
−Removed: Our operating costs were lower by $472,893 for February 28, 2023, compared to February 28, 2022.
−Removed: The decrease was due to decreases in consulting and R&D costs and increases in other income compared to February 28, 2022.
−Removed: As at February 28, 2023, we had $336,809 in current liabilities, which is lower by $21,046 when compared to current liabilities as at August 31, 2022.
−Removed: Our net cash used in operating activities for the six months ended February 28, 2023 was $600,887 compared to $404,041 used in the six months ended February 28, 2022.
+Added: Our financial statements report no revenue for the nine months ended May 31, 2023, and May 31, 2022.
+Added: Our financial statements report a net loss of $1,291,165 for the nine-month period ended May 31, 2023, compared to a net income of $2,780,901 for the nine-month period ended May 31, 2022.
+Added: Our net loss increased by $4,072,066 for the nine-month period ended May 31, 2023 primarily due to the decrease in R&D costs of $588,234 and the increase in other expenses of $4,137,769.
+Added: The increase in other expenses was primarily due to the drilling program included in exploration expenses for $325,170 and the gain from the sale of the mineral property of $4,532,382 included in the prior period.
+Added: Other expenses consisted of non-cash unrealized gain of $222,779 and foreign exchange loss of $142,420 on marketable securities, unrealized foreign exchange loss of $3,736 and realized losses on disposition of $327,378 and realized foreign exchange loss of $30,537 on marketable securities.
+Added: Our operating costs were lower by $65,703 for May 31, 2023, compared to May 31, 2022.
+Added: The decrease was due to decreases in consulting and R&D costs and increases in exploration costs compared to May 31, 2022.
+Added: As at May 31, 2023, we had $304,255 in current liabilities, which is lower by $53,600 when compared to current liabilities as at August 31, 2022.
+Added: Our net cash used in operating activities for the nine months ended May 31, 2023 was $1,006,384 compared to $551,009 used in the nine months ended May 31, 2022.
Liquidity and Financial Condition
−Removed: Working Capital
+Added: Working Capital May 31, August 31,
Current assets $ 1,860,376 $ 3,203,141
1 unchanged sentence
Working capital $ 1,556,121 $ 2,845,286
+Added: May 31, May 31,
+Added: Cash Flows 2023 2022
Cash flows (used in) operating activities $ (1,006,384 ) $ (551,009 )
1 unchanged sentence
Cash flows from financing activities 2,000 131,390
−Removed: Net increase in cash during year
+Added: Net increase (decrease) in cash during year $ (374,915 ) $ 679,945
Operating Activities
−Removed: Net cash used in operating activities was $600,887 in the six-months ended February 28, 2023 compared with net cash used in operating activities of $404,041 in the same period in 2022.
+Added: Net cash used in operating activities was $1,006,384 in the nine-months ended May 31, 2023 compared with net cash used in operating activities of $551,009 in the same period in 2022.
Investing Activities
−Removed: Net cash provided by investing activities was $288,928 and $49,564 in the six-months ended February 28, 2023 and 2022, respectively.
+Added: Net cash provided by investing activities was $629,469 and $1,099,564 in the nine-months ended May 31, 2023 and 2022, respectively.
Financing Activities
−Removed: Cash provided by financing activities in the six months ended February 28, 2023 were $2,000 compared to cash provided by financing activities of $131,390 in the same period in 2022.
+Added: Cash provided by financing activities in the nine months ended May 31, 2023 were $2,000 compared to cash provided by financing activities of $131,390 in the same period in 2022.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.