1 unchanged sentence
Forward-Looking Statements
−Removed: This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.
+Added: This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation R eform Act of 1995.
These statements relate to future events or our future financial performance.
40 unchanged sentences
The Enertopia Solar Booster captures heat from the solar panels, increasing PV output enhancing production and increasing the lifetime of the PV panels.
−Removed: During the six months ended February 29, 2024, we received comments from the USPTO (United States Patent and Trademark Office) that the USPTO has declined our application.
+Added: During the nine month ended May 31, 2024, we received comments from the USPTO (United States Patent and Trademark Office) that the USPTO has declined our application.
We will not be pursuing this application any further.
As a result, the 1,000,000 shares in escrow that were issued upon the condition of the granting of the patent will be returned to Treasury for cancellation.
−Removed: As of February 29, 2024 the shares were still in escrow.
+Added: As of May 31, 2024 the shares were still in escrow.
On May 23, 2022 the Company announced the filing of Non provisional patent #2, known as Enertopia Heat Extractor TM Heat Extractor Technology can be used behind the PV panels or in a glazed format on their own to create liquid temperatures to 200 degrees F.
9 unchanged sentences
There is significant uncertainty as to whether we can obtain additional financing.
+Added: The Company held its AGM on May 17, 2024.
+Added: On May 21, 2024 the Company reported on form 8-K that all resolutions were passed, which included a resolution for the Directors to consolidate the shares of the company based on a range of 1-5 to 1-20 consolidation.
+Added: The exact number to be determined at the time the Directors decide to proceed with the share consolidation.
+Added: At the time of filing of this report the Directors there has not been a decision to proceed with the share consolidation.
We primarily used the services of sub-contractors and consultants for our intended business operations.
9 unchanged sentences
Research and Development
−Removed: We have incurred $965,361 in research and development expenditures over the last two fiscal years and $108,795 during the six months ended February 29, 2024.
+Added: We have incurred $965,361 in research and development expenditures over the last two fiscal years and $130,678 during the nine month ended May 31, 2024.
There is strong competition relating to all aspects of the resource and technology sectors.
33 unchanged sentences
Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.
−Removed: Results of Operations - Six Months Ended February 29, 2024 and February 28, 2023
−Removed: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended February 29, 2024, which are included herein.
−Removed: Our operating results for the three months ended February 29, 2024 and February 28, 2023 and the changes between those periods for the respective items are summarized as follows:
+Added: Results of Operations - Three month ended May 31, 2024 and May 31, 2023
+Added: The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended May 31, 2024, which are included herein.
+Added: Our operating results for the three months ended May 31, 2024 and 2023, and the changes between those periods for the respective items are summarized as follows:
Three Months Ended
−Removed: February 29, February 28,
+Added: May 31, May 31,
2024 2023 Change
7 unchanged sentences
Professional fees 25,579 2,840 (22,739 )
−Removed: Other expenses (income) 17,080 (542,566 ) (559,646 )
−Removed: Net loss (income) $ 147,368 $ (295,064 ) $ (442,432 )
−Removed: Our financial statements report no revenue for the three months ended February 29, 2024, and February 28, 2023.
−Removed: Our financial statements report a net loss of $147,368 for the three-month period ended February 28, 2023, compared to a net income of $295,064 for the three-month period ended February 28, 2023.
−Removed: Our net loss increased by $442,432 for the three-month period ended February 29, 2024 primarily due to the decrease in other expenses of $559,646.
+Added: Other expenses 117,984 555,384 437,400
+Added: Net loss $ 287,901 $ 1,139,395 $ 851,494
+Added: Our financial statements report no revenue for the three months ended May 31, 2024, and 2023.
+Added: Our financial statements report a net loss of $287,901 for the three-month period ended May 31, 2024, compared to a net loss of $1,139,395 for the three-month period ended May 31, 2023.
+Added: Our net loss decreased by $851,494 for the three-month period ended May 31, 2024 primarily due to the decrease in other expenses of $437,400 and exploration expenses of $414,636.
Other expense (income) primarily consisted of non-cash unrealized gain of $161,362 on mark to market and realized losses on disposition of $243,560 on marketable securities.
−Removed: Our operating costs were lower by $117,214 for February 29, 2024, compared to February 28, 2023.
−Removed: The decrease was due to general cost containment compared to February 28, 2023.
−Removed: Our operating results for the six months ended February 29, 2024 and February 28, 2023 and the changes between those periods for the respective items are summarized as follows:
−Removed: Six Months Ended
−Removed: February 29, February 28,
+Added: The decrease in exploration expenses primarily consisted of the drilling program and related Geologist work conducted in April of 2023 for $325,170 and $56,519 respectively.
+Added: Our operating costs were lower by $851,494 for May 31, 2024, compared to May 31, 2023 primarily from the decreases in exploration and other costs, but also general cost containment compared to May 31, 2023.
+Added: Results of Operations - Nine month ended May 31, 2024 and May 31, 2023
+Added: Our operating results for the nine month ended May 31, 2024 and May 31, 2023 and the changes between those periods for the respective items are summarized as follows:
+Added: Nine Months Ended
+Added: May 31, May 31,
2024 2023 Change
9 unchanged sentences
Net loss $ 845,233 $ 1,291,165 $ 445,932
−Removed: Our financial statements report no revenue for the six months ended February 29, 2024, and February 28, 2023.
−Removed: Our financial statements report a net loss of $557,116 for the six month period ended February 29, 2024, compared to a net loss of $151,770 for the six month period ended February 28, 2023.
−Removed: Our net loss increased by $405,346 for the six month period ended February 29, 2024 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: Our financial statements report no revenue for the nine month ended May 31, 2024, and May 31, 2023.
+Added: Our financial statements report a net loss of $845,233 for the nine month period ended May 31, 2024, compared to a net loss of $1,291,165 for the nine month period ended May 31, 2023.
+Added: Our net loss decreased by $445,932 for the nine month period ended May 31, 2024 primarily due to decreases in exploration expenses from the drilling program completed in April 2023 for $325,170 and $56,519 respectively, general cost containment measures.
Other income primarily consisted of non-cash unrealized mark to market gains of $742,493 and realized losses on disposition of $969,873 on marketable securities.
−Removed: Our operating costs were lower by $44,203 for February 29, 2024, compared to February 28, 2023.
−Removed: The decrease was primarily due to general cost containment and increases in R&D of $51,443 and exploration costs of $42,329 for the period.
+Added: Our operating costs were lower by $445,932 for May 31, 2024, compared to May 31, 2023 primarily due reduced exploration costs and general cost containment.
Liquidity and Financial Condition
−Removed: Working Capital February 29, August 31,
+Added: Working Capital May 31, August 31,
Current assets $ 460,274 $ 1,347,708
1 unchanged sentence
Working capital $ 169,875 $ 1,015,108
−Removed: As at February 29, 2024, we had $283,393 in current liabilities, which is lower by $49,207 when compared to current liabilities as at August 31, 2023.
−Removed: February 29, February 28,
+Added: As at May 31, 2024, we had $290,399 in current liabilities, which is lower by $42,201 when compared to current liabilities as at August 31, 2023.
+Added: May 31, May 31,
Cash Flows 2024 2023
4 unchanged sentences
Operating Activities
−Removed: Net cash used in operating activities was $373,224 in the six months ended February 29, 2024 compared with net cash used in operating activities of $600,887 in the same period in 2023.
+Added: Net cash used in operating activities was $582,444 in the nine month ended May 31, 2024 compared with net cash used in operating activities of $1,006,384 in the same period in 2023.
Investing Activities
−Removed: Net cash provided by investing activities was $381,334 and $288,928 in the six months ended February 29, 2024 and February 28, 2023, respectively.
+Added: Net cash provided by investing activities was $520,590 and $629,469 in the nine month ended May 31, 2024 and May 31, 2023, respectively.
Financing Activities
−Removed: The Company had no financing activities in the six months ended February 29, 2024 and $2,000 from the exercise of warrants during the six months ended February 28, 2023.
+Added: The Company had no financing activities in the nine month ended May 31, 2024 and $2,000 from the exercise of warrants during the nine month ended May 31, 2023.
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.