24 unchanged sentences
Our Current Business
−Removed: Enertopia is engaged in the business of Lithium exploration at their Nevada claims, along with holding intellectual property & patents in the green technology space.
+Added: Enertopia is engaged in the business of Lithium exploration at their Nevada claims, along with holding intellectual property & non provisional pending patents in the green technology space.
Mineral Property
West Tonopah Lithium
−Removed: On February 25, 2022, the Company had 88 unpatented mineral lode claims in Esmeralda County, NV staked covering 1,760 acres of land administrated by the BLM.
−Removed: The property is in good standing until August 31, 2023.
+Added: On February 25, 2022, the Company had 88 unpatented mineral lode claims in Esmeralda County, NV staked covering approximately 1,818 acres of land administrated by the BLM.
+Added: The property is in good standing until September 3, 2024.
Estimated respective yearly holding fees to the BLM $14,520 and $1,068 to Esmeralda County NV.
4 unchanged sentences
Esmeralda County, NV
−Removed: The Company completed its maiden drill program in June 2022 and a second drill program in March 2023.
+Added: The Company completed its maiden drill program in June 2022 and a second phase drill program April 2023 and a 43-101 Technical Report November 2023.
Further information can be found at www.enertopia.com.
28 unchanged sentences
Research and Development
−Removed: 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.
+Added: We have incurred $965,361 in research and development expenditures over the last two fiscal years and $88,300 during the three months ended November 30, 2023.
There is strong competition relating to all aspects of the resource sector.
14 unchanged sentences
Mineral Properties
−Removed: Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction expenditures are expensed as incurred until such time proven or probable reserves are established for that project.
+Added: Acquisition costs of mineral rights are initially capitalized as incurred while exploration and pre-extraction
+Added: expenditures are expensed as incurred until such time proven or probable reserves are established for that project.
Acquisition costs include cash consideration and the fair market value of shares issued on the acquisition of mineral properties.
16 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 May 31, 2023 and May 31, 2022
−Removed: 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.
−Removed: 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:
+Added: Results of Operations - Three Months Ended November 30, 2023 and November 30, 2022
+Added: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended November 30, 2023, which are included herein.
+Added: Our operating results for the three months ended November 30, 2023 and November 30, 2022 and the changes between those periods for the respective items are summarized as follows:
Three Months Ended
−Removed: May 31, May 31,
+Added: November 30, November 30,
2023 2022 Change
7 unchanged sentences
Professional fees 41,123 31,249 (9,874 )
−Removed: Other expenses (income) 555,384 (3,812,451 ) (4,367,835 )
+Added: Other expenses 158,377 268,474 110,097
Net loss $ 409,748 $ 446,834 $ 37,086
−Removed: Our financial statements report no revenue for the three months ended May 31, 2023, and May 31, 2022.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: Our operating costs were higher by $407,190 for May 31, 2023, compared to May 31, 2022.
−Removed: The increase was primarily due to drilling program performed during the period for $325,170.
−Removed: Results of Operations - Nine Months Ended May 31, 2023 and May 31, 2022
−Removed: 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:
−Removed: Nine Months Ended
−Removed: May 31, May 31,
−Removed: 2023 2022 Change
−Removed: Revenue $ - $ - $ -
−Removed: General and administrative 85,929 30,680 (55,249 )
−Removed: Investor relations 52,454 30,405 (22,049 )
−Removed: Consulting fees 132,496 180,052 47,556
−Removed: Fees and dues 80,085 40,779 (39,306 )
−Removed: Exploration expenses 429,751 32,587 (397,164 )
−Removed: Research and development 102,424 690,658 588,234
−Removed: Professional fees 126,734 70,415 (56,319 )
−Removed: Other expenses (income) 281,292 (3,856,477 ) (4,137,769 )
−Removed: Net loss (income) $ 1,291,165 $ (2,780,901 ) $ (4,072,066 )
−Removed: Our financial statements report no revenue for the nine months ended May 31, 2023, and May 31, 2022.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: Our operating costs were lower by $65,703 for May 31, 2023, compared to May 31, 2022.
−Removed: The decrease was due to decreases in consulting and R&D costs and increases in exploration costs compared to May 31, 2022.
−Removed: 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.
−Removed: 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.
+Added: Our financial statements report no revenue for the three months ended November 30, 2023, and November 30, 2022.
+Added: Our financial statements report a net loss of $409,748 for the three-month period ended November 30, 2023, compared to a net loss of $446,834 for the three-month period ended November 30, 2022.
+Added: Our net loss decreased by $37,086 for the three-month period ended November 30, 2023 primarily due to increases in R&D and exploration expenses offset by general cost containment measures and further offset by decreases in other expenses from changes in marketable securities.
+Added: Other income consisted of non-cash unrealized gains of $183,690 and foreign exchange gain of $7,763 on marketable securities, unrealized foreign exchange loss of $1,406 and realized losses on disposition of $327,784 and realized foreign exchange loss of $20,640 on marketable securities.
+Added: Our operating costs were higher by $73,011 for November 30, 2023, compared to November 30, 2022.
+Added: The increase was primarily due to R&D costs for the period of $88,300.
Liquidity and Financial Condition
−Removed: Working Capital May 31, August 31,
+Added: Working Capital November 30, August 31,
Current assets $ 923,198 $ 1,347,708
1 unchanged sentence
Working capital $ 605,360 $ 1,015,108
−Removed: May 31, May 31,
+Added: As at November 30, 2023, we had $317,838 in current liabilities, which is lower by $14,762 when compared to current liabilities as at August 31, 2023.
+Added: November 30, November 30,
Cash Flows 2023 2022
1 unchanged sentence
Cash flows from investing activities 218,555 -
−Removed: Cash flows from financing activities 2,000 131,390
−Removed: Net increase (decrease) in cash during year $ (374,915 ) $ 679,945
+Added: Net decrease in cash during year $ (11,395 ) $ (166,497 )
Operating Activities
−Removed: 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.
+Added: Net cash used in operating activities was $229,950 in the three-months ended November 30, 2023 compared with net cash used in operating activities of $166,497 in the same period in 2022.
Investing Activities
−Removed: Net cash provided by investing activities was $629,469 and $1,099,564 in the nine-months ended May 31, 2023 and 2022, respectively.
+Added: Net cash provided by investing activities was $218,555 and $0 in the three-months ended November 30, 2023 and 2022, respectively.
Financing Activities
−Removed: 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.
+Added: The Company had no financing activities in the three months ended November 30, 2023 and 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.