Past year: ▼ 82%(3.28c – 18.1c USD)
Each one in plain English, with the numbers worked through for a shareholder.
15 May 2018capital raising announcement▲ Good
Enertopia closed the first tranche of an April-announced placement (CAD$104,814, with a director buying in and exercising options for further proceeds) and granted 535,000 options to directors and consultants, alongside reporting the first of its final Li2CO3 lithium-recovery bench-test runs.
5 Feb 2018capital raising announcement▲ Good
Enertopia raised a small $3,500 as third-party warrant holders exercised 50,000 warrants, routine working-capital inflow.
16 Jan 2018capital raising announcement▲ Good
Enertopia closed the final tranche of the same offering (CAD$80,550, with a director buying $10,000 of it), bringing the total raise to roughly CAD$210,550.
3 Nov 2017capital raising announcement▲ Good
Enertopia closed the first tranche of the placement announced in October (CAD$130,000: 2,600,000 shares plus warrants), proceeds earmarked for its Lithium Brine division.
What it means for a shareholder
2.6m new shares at about C$0.050 to raise about C$130,000. That's 2.5% dilution: every existing holder's slice gets 2.5% smaller. If you held C$1,000 of shares (20,000 at the issue price), your slice goes from 0.0196% to 0.0191% of the company. To keep it you'd need 508 more shares - about C$25 at the issue price.
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30 Oct 2017capital raising announcement▲ Good
Enertopia announced a bench-test update on its lithium recovery technology and separately announced its intent to complete a new non-brokered private placement - the origin announcement for the raise closed in tranches through January 2018.
30 Aug 2017asset acquisition disposition▲ GoodMajor
Enertopia staked 160 acres of lode and placer claims in Clayton Valley, Nevada and reported strong early lithium assay results (up to 4,160 ppm) from surface sampling, becoming the company's flagship lithium property.
17 Aug 2017auditor change● Neutral
Enertopia replaced MNP LLP with Davidson & Company as its auditor for fiscal 2017, a routine change with no disagreements reported.
8 May 2017material agreement termination▼ Bad
Enertopia let its option lapse on Nevada placer mining claims in Churchill, Lander and Nye counties by declining to make the final property payment, narrowing its lithium land position to focus on higher-priority targets including a new push into Argentina.
2 May 2017capital raising announcement● Neutral
Enertopia granted technical consultant JAT Metconsult Ltd. 500,000 stock options at $0.10, routine equity compensation for lithium-project consulting work.
28 Apr 2017capital raising announcement▲ Good
Enertopia closed a CAD$290,160 private placement (3,224,000 units at CAD$0.09) through Leede Jones Gable and Canaccord Genuity - a notably higher price than its 2016 raises, reflecting an improved stock price.
What it means for a shareholder
3.2m new shares at C$0.090 to raise about C$290,160. That's 3.2% dilution: every existing holder's slice gets 3.2% smaller. If you held C$1,000 of shares (11,111 at the issue price), your slice goes from 0.0112% to 0.0109% of the company. To keep it you'd need 363 more shares - about C$33 at the issue price.
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20 Apr 2017capital raising announcement▲ Good
Enertopia raised a modest US$5,685 as holders exercised 95,500 warrants, routine working-capital cash inflow.
28 Feb 2017capital raising announcement▲ Good
Enertopia engaged Adam Mogil for corporate services (1,000,000 warrants at $0.09) and closed the final tranche of its January placement (4,250,000 units at CAD$0.04, CAD$170,000), bringing that raise to about CAD$210,000.
31 Jan 2017capital raising announcement● Neutral
Enertopia granted 1,500,000 stock options at $0.07 to service provider Peloton AG, routine equity compensation.
20 Jan 2017capital raising announcement● Neutral
Enertopia granted 1,535,000 stock options at $0.07 to directors and officers (Bhullar, Brown, McAllister) and closed the first tranche of a CAD$40,000 private placement (1,000,000 units at CAD$0.04).
What it means for a shareholder
1.0m new shares at C$0.040 to raise about C$40,000. That's 1.1% dilution: every existing holder's slice gets 1.1% smaller. If you held C$1,000 of shares (25,000 at the issue price), your slice goes from 0.0267% to 0.0264% of the company. To keep it you'd need 267 more shares - about C$11 at the issue price.
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7 Dec 2016material agreement▲ GoodMajor
Enertopia signed a commercialization agreement with Genesis Water Technologies for exclusive rights to a patent-pending process to extract battery-grade lithium carbonate from brine, covering the US and parts of South America in exchange for a 10% net-sales royalty.
7 Oct 2016capital raising announcement● Neutral
Enertopia made its scheduled six-month anniversary payment to keep its Churchill/Lander/Nye counties Nevada lithium claims option in good standing, routine progress on the May 2016 deal.
23 Sept 2016capital raising announcement▲ Good
Enertopia closed the final tranche of its August offering (3,858,571 units at CAD$0.035, CAD$135,050), bringing the combined raise to roughly CAD$292,550 for lithium exploration and technology work.
What it means for a shareholder
3.9m new shares at C$0.035 to raise about C$135,050. That's 4.1% dilution: every existing holder's slice gets 4.1% smaller. If you held C$1,000 of shares (28,571 at the issue price), your slice goes from 0.0319% to 0.0306% of the company. To keep it you'd need 1,231 more shares - about C$43 at the issue price.
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19 Sept 2016capital raising announcement● Neutral
Enertopia hired IR consultant Duncan McKay (eligible for up to 10% commission on capital raised) and granted him 800,000 stock options at $0.07.
16 Aug 2016capital raising announcement▲ GoodMajor
Enertopia signed a binding letter of intent for exclusive worldwide licensing rights to Genesis Water Technologies' patent-pending process for extracting battery-grade lithium carbonate from brine - the deal it would formalize in December 2016 and terminate in 2018 after the technology failed purity testing.
9 Aug 2016capital raising announcement▲ Good
Enertopia closed the first tranche of a CAD$157,500 private placement (4,500,000 units at CAD$0.035), earmarked for its lithium brine recovery technology and exploration work.
What it means for a shareholder
4.5m new shares at C$0.035 to raise about C$157,500. That's 5.2% dilution: every existing holder's slice gets 5.2% smaller. If you held C$1,000 of shares (28,571 at the issue price), your slice goes from 0.0349% to 0.0331% of the company. To keep it you'd need 1,573 more shares - about C$55 at the issue price.
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2 Aug 2016drilling result▲ GoodMajor
Enertopia reported encouraging surface lithium assay results (up to ~4,120 ppm at one hole) from its first-phase exploration across three Nevada valley properties, supporting its geological model for brine-source lithium.
8 June 2016capital raising announcement▲ Good
Enertopia closed the final tranche of the same offering (3,016,667 units at CAD$0.015, CAD$45,250), completing a roughly CAD$141,450 raise at penny-stock prices.
What it means for a shareholder
3.0m new shares at C$0.015 to raise about C$45,250. That's 3.6% dilution: every existing holder's slice gets 3.6% smaller. If you held C$1,000 of shares (66,667 at the issue price), your slice goes from 0.0815% to 0.0786% of the company. To keep it you'd need 2,460 more shares - about C$37 at the issue price.
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20 May 2016capital raising announcement▲ Good
Enertopia closed the first tranche of a CAD$96,200 private placement (6,413,333 units at CAD$0.015, near a historic low for the stock) with an officer participating for $15,000.
What it means for a shareholder
6.4m new shares at C$0.015 to raise about C$96,200. That's 8.2% dilution: every existing holder's slice gets 8.2% smaller. If you held C$1,000 of shares (66,667 at the issue price), your slice goes from 0.0931% to 0.0854% of the company. To keep it you'd need 5,971 more shares - about C$90 at the issue price.
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12 May 2016capital raising announcement▲ GoodMajor
Enertopia signed the definitive agreement to option 2,560 acres of Nevada placer mining claims (Churchill, Lander and Nye counties) for its new lithium exploration division, formalizing April's letter of intent: $19,000 cash plus 3,500,000 shares paid on signing, with an optional further $12,000 payment - the position it would let lapse in 2017 to focus on higher-priority Nevada targets.
26 Apr 2016material agreement▲ GoodMajor
Enertopia pivoted again, launching a new lithium exploration division and signing a letter of intent to option 2,560 acres of Nevada placer mining claims for potential lithium brine extraction - a new direction after its supplements and cannabis ventures.
10 Mar 2016material agreement▲ GoodMajor
Enertopia signed a binding letter of intent to acquire a private nutritional vitamin/supplement company for $350,000, pivoting toward the health-and-wellness sector as its cannabis ventures wound down.
4 Feb 2016capital raising announcement● Neutral
Enertopia appointed Olivier Vincent as an advisor and consultant, paying 100,000 shares and 100,000 options at $0.05 - the stock now trading at a fraction of its 2014 cannabis-era highs as the company pivoted toward lithium exploration.
26 June 2015asset acquisition disposition▲ GoodMajor
Enertopia completed the sale of its 51% Burlington medical marijuana license interest and subsidiary Thor Pharma Corp to Shaxon Enterprises, which could yield up to $1.5 million in milestone payments (split with partner Lexaria) if the facility becomes licensed - closing out its Burlington cannabis venture.
12 June 2015security holder rights change▼ BadMajor
Enertopia unwound two of its three medical marijuana ventures in one day: it agreed to sell its 51% Burlington license-application interest (a joint venture with Lexaria) to Shaxon Enterprises, and mutually terminated its Green Canvas joint venture after concluding further capital raising for cannabis projects was no longer in the company's interest.
1 May 2015material agreement● Neutral
Enertopia extended its Green Canvas medical marijuana joint venture (aiming for a 75% stake) by four months after industry delays slowed the original timeline.
