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As used in this annual report and unless otherwise indicated, the terms "we", "us", "our", "our Company, "the Company", and "Enertopia" mean Enertopia Corp.
−Removed: General Overview
Enertopia Corp.
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The Company controls 88 unpatented mineral lode claims in Esmeralda County, NV staked covering 1,818 acres of land administrated by the BLM on February 25, 2022.
−Removed: T he Company has been focused on using modern technology on extracting lithium and verifying or sourcing other intellectual property in the EV & green technology sectors in developing environmental solutions.
−Removed: In May and August 2023, it announced three non-provisional patents applicable to the above sectors.
−Removed: The address of our principal executive office is #7 1873 Spall Rd., Kelowna, British Columbia V1Y 4R2.
+Added: The Company has been focused on using modern technology on extracting lithium and verifying or sourcing other intellectual property in the EV & green technology sectors in developing environmental solutions.
+Added: The Company has been granted three patents and has one pending patent applicable to the above sectors.
+Added: The address of our principal executive office is #100 740 McCurdy Road., Kelowna, British Columbia V1X 2P7.
Our telephone number is (250) 870-2219.
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On August 15, 2022 the Company announced the filing of Non provisional patent #3, known as Enertopia Rainmaker TM By cooling the backside of the PV panels below the dew point the atmospheric moisture condenses on the back side of the panel and drips as rain into the tray collecting the water.
+Added: On February 18, 2025 the United States Patent Trademark Office (USPTO) notified the Company that patent number 12231085 (Water Producing System for a Liquid Transfer Mat) was issued.
On January 9, 2023, the Company's shares began trading on the Canadian Securities Exchange ("CSE") under the trading symbol ENRT.
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The EMS is a battery monitoring technology that helps to increase the life and health of monitored battery packs.
+Added: On November 19, 2024 the USPTO notified the Company that patent number 12149091 was issued.
On March 22, 2023, the Company held its 2023 annual meeting of stockholders At the Annual Meeting, the Company's stockholders voted on (1) the election of the following individuals to the board of directors:
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We will not be pursuing this application any further.
−Removed: 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.
+Added: As a result, the 50,000 (1,000,000 pre-reverse) shares in escrow that were issued upon the condition of the granting of the patent will be returned to Treasury for cancellation.
As of August 31, 2025 the shares were still in escrow.
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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.
−Removed: The exact number to be determined at the time the Directors decide to proceed with the share consolidation.
−Removed: At the time of filing of this report there has not been a decision to proceed with the share consolidation.
+Added: The Company's 1 for 20 share consolidation became effective January 10, 2025.
Chronological Overview of our Business over the Last Five Years
−Removed: On October 28, 2019, the Company signed an LOI with Eagle Plains Resources Ltd.
−Removed: ("Eagle Plains").
−Removed: To earn up to 75% interest in the Pine Channel gold project in Saskatchewan, Canada (the "Pine Channel SK Property").
−Removed: The terms of the LOI included periodic payments cash payments, exploration expenditures, as well as issuance of common shares of the Company.
−Removed: Upon signing the LOI, the Company issued 1,000,000 of its common shares to Eagle Plains, valued at $11,489.
−Removed: On December 13 th 2019 the Company dropped the LOI with Eagle Plains Resources Ltd.
−Removed: On December 31 st 2019 the Company dropped its Canadian Securities Listing (CSE).
−Removed: On December 31 st 2019 the Company accepted the resignation of directors Kristian Ross and Kevin Brown.
−Removed: On February 11 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.
+Added: On February 11 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.
−Removed: On February 25 th 2020 the Company signed Mark Snyder to a one year Technology Advisory Board.
+Added: On February 25 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 100,000 stock options valid for two years at a strike price of $0.40 per share.
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The project this report referenced was sold on May 5, 2022 for $1,050,000 in cash and 3,000,000 shares of Cypress Development Corp (renamed to Century Lithium), plus a $50,000 cash deposit received February 24, 2022.
−Removed: On October 30 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 $250,000.
+Added: On October 30, 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.
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After discussions with the Estate, Enertopia and the Estate have entered into a mutual Release and Settlement Agreement.
−Removed: Based on the terms of the Agreement the 2,500,000 shares held in escrow will be returned to Treasury for cancellation.
+Added: Based on the terms of the Agreement the 125,000 shares (2.5 million shares pre-reverse) held in escrow will be returned to Treasury for cancellation.
Also, the 25% interest in CapNtrack held by the deceased co-inventor has been returned to Enertopia.
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We will not be pursuing this application any further.
−Removed: 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.
+Added: As a result, the 50,000 shares (1 million shares pre-reverse) in escrow that were issued upon the condition of the granting of the patent will be returned to Treasury for cancellation.
As of August 31, 2024 the shares were still in escrow.
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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.
−Removed: The exact number to be determined at the time the Directors decide to proceed with the share consolidation.
−Removed: At the time of filing of this report there has not been a decision to proceed with the share consolidation.
+Added: The Company's 1 for 20 share consolidation became effective January 10, 2025.
+Added: On October 2, 2024, the Company announced the results from the completed second phase of metallurgical test work, summarized below, with comparison to the May 29, 2024 Press Release in bold:
+Added: Feed preparation/beneficiation - Use of (+75 micron) material indicates a reduction in material mass, increase in lithium grade and decrease in net acid-consumption per mg of lithium put into solution.
+Added: There were no significant changes in lithium concentration from our baseline results above press released on May 29, 2024.
+Added: Further analysis on leaching time and temperature testing for reduced acid consumption.
+Added: No significant change in lithium recovery based on time and temperature from our baseline results released on May 29, 2024.
+Added: Three roast tests were completed with subsequent water leach tests of the calcined products.
+Added: No net benefit was produced using the calcinated products for lithium recovery enhancement compared to the higher recovery numbers released on May 29, 2024.
+Added: Summary of second phase test results show that the high level of lithium put into solution from phase one testing indicates a straightforward path to liberating Lithium into solution from the claystone.
+Added: On April 4, 2025, the Company announced the filing of provisional patent number 63/782/745 for the Scalable Automated Oxyhydrogen Production, Storage, and Utilization System for on grid or off grid applications.
+Added: On May 29, 2025, the Company announced the start of building of a mobile lab testing and proving facility for our Oxyhydrogen technology that will also allow real-time demonstrations of a fully automated oxyhydrogen production and replacement system, which can then be used to run a wide variety of propane appliances, generate hot water and air, or for use as an air conditioning unit.
+Added: Oxyhydrogen gas is classified as a renewable energy source, with water vapor as its main byproduct when burned, therefore does not produce carbon emissions.
Our Current Business
−Removed: Enertopia is engaged in the business of Lithium exploration at their Nevada claims, along with performing research and development and holding intellectual property & non provisional pending 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
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The property is in good standing until September 1, 2026.
−Removed: Estimated respective yearly holding fees to the BLM $17,600 and $1,068 to Esmeralda County NV.
+Added: Estimated respective yearly holding fees to the BLM is $17,600 and $1,068 to Esmeralda County NV.
Enertopia Claim name
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Esmeralda County, NV
−Removed: Company completed its maiden drill program in June 2022, second phase drill program April 2023 and has a published S-K 1300 Technical Resource report.
+Added: The Company completed its maiden drill program in June 2022, second phase drill program April 2023 and has a published S-K 1300 Technical Resource report.
Further information can be found at www.enertopia.com.
−Removed: The company continues to test off-the-shelf technology under the potential for lower capex scenarios in lithium extraction.
−Removed: NON PROVISIONAL PATENTS
+Added: NON PROVISIONAL PATENTS AND ISSUED PATENTS
+Added: On November 4, 2021, the Company announced the provisional patent filing known as Energy Management System, this was subsequently filed as a non-provisional patent on November 2, 2022.
+Added: United States Patent Trademark Office (USPTO) has notified the Company that patent number 12149091 was issued on November 19, 2024.
+Added: Some Key Points on our Energy Management Patent:
+Added: AI Predictive Comparative Analysis
+Added: Cathodic (lightening) protection management and analysis
+Added: Multi platform Interface Solar/ Energy Storage System (ESS)/HVAC/Water Pumping/ Combined Heat & Power (CHP)/Gas Heat & Power (GHP)
+Added: Adaptable Organic Architecture allows monitoring of water, gas and other sensors
On May 23, 2022 the Company announced the filing of Non provisional patent #1, known as the Enertopia Solar Booster TM.
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On January 19, 2024 the Company announced that the USPTO had declined our Non provisional patent application and the Company has determined not to pursue the application.
−Removed: 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 and is undergoing USPTO review.
−Removed: On August 15, 2022 the Company announced the filing of Non provisional patent #3, known as Enertopia Rainmaker TM By cooling the backside of the PV panels below the dew point the atmospheric moisture condenses on the back side of the panel and drips as rain into the tray collecting the water, and is undergoing USPTO review.
−Removed: On November 4, 2021, the Company announced the provisional patent filing known as Energy Management System, this was subsequently filed as a non-provisional patent on November 2, 2022, and is undergoing USPTO review.
+Added: 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 Fahrenheit.
+Added: The United States Patent Trademark Office (USPTO) has notified the Company that patent number 12224704 was issued on February 11, 2025.
+Added: On August 15, 2022 the Company announced the filing of Non provisional patent #3, known as Enertopia Rainmaker TM By cooling the backside of the PV panels below the dew point the atmospheric moisture condenses on the back side of the panel and drips as rain into the tray collecting the water.
+Added: The United States Patent Trademark Office (USPTO) (Water Producing System for a Liquid Transfer Mat) has notified the Company patent number 12231085 was issued of February 18, 2025.
The continuation of our business is dependent upon obtaining further financing, a successful program of development, and, finally, achieving a profitable level of operations.
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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.