Enertopia Reports Reduced Net Loss of $329,021 for Nine Months Ending May 31, 2025

Enertopia Corp. has reported its financial results for the nine months ending May 31, 2025, revealing a net loss of $329,021, a significant reduction from the $845,233 loss recorded during the same period in 2024. The company did not generate any revenue in either period. The decrease in net loss is attributed to cost containment measures and a focus on research and development, particularly in support of patent filings. Total expenses for the nine-month period were $332,612, down from $551,792 in the previous year, reflecting a strategic effort to manage operational costs.

The company’s cash position has also seen a decline, with cash and cash equivalents at $46,390 as of May 31, 2025, compared to $179,893 at the end of the previous fiscal year. Enertopia reported net cash used in operating activities of $282,534, a decrease from $582,444 in the prior year, indicating improved cash management. The company raised $73,084 through financing activities during the nine months, primarily from the issuance of 1,040,000 common shares at CAD$0.10 per unit.

Strategically, Enertopia has made significant advancements in its research and development efforts, particularly in the green technology sector. The company has been actively pursuing patents for its hydrogen technology and energy management systems, with several patents issued in early 2025. The company’s focus on innovation is evident in its ongoing projects, including the development of the "Enertopia Rainmaker," a system designed to capture atmospheric moisture. However, the company continues to face challenges in achieving commercial viability and generating revenue from its technologies.

Operationally, Enertopia has maintained a consistent employee structure, primarily relying on subcontractors and consultants for its business operations. The company has not reported any significant changes in its workforce, which remains stable as it navigates its development phase. The company’s total stockholders' equity has decreased to $(229,340) as of May 31, 2025, down from $(56,532) at the end of the previous fiscal year, reflecting ongoing financial challenges.

Looking ahead, Enertopia acknowledges the uncertainty surrounding its ability to continue as a going concern, primarily due to its history of losses and the need for additional financing. The company is actively exploring various financing alternatives to support its operations and development plans. Management has indicated that the continuation of its business is contingent upon securing sufficient funding and achieving profitable operations, underscoring the critical nature of its financial strategy in the coming months.