Enertopia Corp. Files 10-Q for Period Ending November 30, 2023

TL;DR

<b>Enertopia Corp. has filed its Q1 2024 10-Q report, detailing operations for the period ending November 30, 2023.</b>

AI Summary

Enertopia Corp. (ENRT) filed a Quarterly Report (10-Q) with the SEC on January 11, 2024. Enertopia Corp. filed a 10-Q report for the quarterly period ended November 30, 2023. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on August 31st. Enertopia Corp. is involved in Metal Mining, SIC code 1000. The company was formerly known as Golden Aria Corp. until December 5, 2005.

Why It Matters

For investors and stakeholders tracking Enertopia Corp., this filing contains several important signals. This filing provides investors with an update on Enertopia's financial performance and operational status for the most recent quarter. Understanding the details within this 10-Q is crucial for assessing the company's current financial health and future prospects in the metal mining sector.

Risk Assessment

Risk Level: low — Enertopia Corp. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain significant new financial data or material events that would indicate high risk.

Analyst Insight

Monitor future filings for revenue generation and progress on mining operations.

Key Numbers

• 2023-11-30 — Period End Date (Quarterly period)
• 2024-01-11 — Filing Date (Date of submission)
• 0831 — Fiscal Year End (Annual fiscal year end)

Key Players & Entities

• Enertopia Corp. (company) — Filer name
• Golden Aria Corp. (company) — Former company name
• 2023-11-30 (date) — Period of report
• 2024-01-11 (date) — Filing date
• 10-Q (document) — Form type
• Metal Mining (industry) — Standard Industrial Classification

Forward-Looking Statements

• Enertopia Corp. will continue to report net losses in the near term due to ongoing operational expenses and lack of revenue. (Enertopia Corp.) — high confidence, target: 2024-08-31
• The company will likely need to secure additional financing to sustain operations, potentially leading to further shareholder dilution. (Enertopia Corp.) — medium confidence, target: 2024-11-30

FAQ

Industry Context

Enertopia Corp. operates within the Metal Mining industry, which involves the extraction and processing of metallic ores.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures to the SEC.

What Investors Should Do

1. Review the full 10-Q document for detailed financial statements and management discussion.
2. Analyze any disclosed operational updates related to mining activities.
3. Compare current quarter performance to previous periods to identify trends.

Key Dates

• 2023-11-30: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-01-11: Filing Date — Date the 10-Q report was officially filed with the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with a timely update on the company's financial performance and operational status.)

SIC Code

Standard Industrial Classification code used to classify business establishments. (Helps categorize Enertopia Corp. within the Metal Mining industry.)

Year-Over-Year Comparison

This is the first 10-Q filing available in the provided data for Enertopia Corp. after its fiscal year end of August 31, 2023.

Filing Documents

• form10q.htm (10-Q) — 663KB
• exhibit31-1.htm (EX-31.1) — 5KB
• exhibit31-2.htm (EX-31.2) — 5KB
• exhibit32-1.htm (EX-32.1) — 3KB
• exhibit32-2.htm (EX-32.2) — 3KB
• 0001062993-24-000789.txt (&nbsp;) — 4475KB
• enrt-20231130.xsd (EX-101.SCH) — 100KB
• enrt-20231130_cal.xml (EX-101.CAL) — 29KB
• enrt-20231130_def.xml (EX-101.DEF) — 82KB
• enrt-20231130_lab.xml (EX-101.LAB) — 958KB
• enrt-20231130_pre.xml (EX-101.PRE) — 198KB
• form10q_htm.xml (XML) — 531KB

Financial Statements

Item 1. Financial Statements. Our unaudited condensed financial statements for the three-month period ended November 30, 2023 form part of this quarterly report. They are stated in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles. ENERTOPIA CORP. CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS ( UNAUDITED ) (Expressed in U.S. Dollars) November 30, August 31, 2023 2023 ASSETS Current Cash $ 248,186 $ 259,581 Marketable securities (Note 4) 613,782 989,307 Accounts receivable 14,569 9,482 Prepaid expenses and deposit (Note 12) 46,661 89,338 Total Current Assets 923,198 1,347,708 Non-current assets, net Mineral property (Note 5) 10,500 10,500 TOTAL ASSETS $ 933,698 $ 1,358,208 LIABILITIES Current Accounts payable and accrued liabilities $ 300,679 $ 315,404 Due to related party (Note 7) 17,159 17,196 Total Liabilities 317,838 332,600 STOCKHOLDERS' EQUITY Share Capital (Note 8) Authorized: 500,000,000 common voting shares with a par value of $ 0.001 per share Issued and outstanding: 155,166,088 common shares at November 30, 2023 and 155,166,088 at August 31, 2023 155,167 155,167 Additional paid-in capital (Note 9) 15,397,607 15,397,607 Deficit ( 14,935,941 ) ( 14,526,485 ) Equity attributable to shareholders of the Company 616,833 1,026,289 Non-controlling interest ( 973 ) ( 681 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 933,698 $ 1,358,208 The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements. F-1 ENERTOPIA CORP. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (Expressed in U.S. Dollars) COMMON STOCK SHARES AMOUNT ADDITIONAL PAID-IN CAPITAL ACCUMULATED DEFICIT NON- CONTROLLING INTEREST TOTAL STOCKHOLDERS' EQUITY Balance, August 31, 2022 155,116,0

View Full Filing

View this 10-Q filing on SEC EDGAR