Each one in plain English, with the numbers worked through for a shareholder.
9 May 2022asset acquisition disposition▲ GoodMajor
Enertopia completed the sale of its Clayton Valley, Nevada lithium mining claims to Cypress Development Corp for $1.05 million cash plus 3 million Cypress shares, exiting direct lithium mining in favor of an equity stake in a larger neighboring project.
Enertopia hired geological consultant Foster Wilson to source a new acquisition opportunity, paying him 1,000,000 shares - business development for a replacement asset following the pending Clayton Valley sale.
28 Feb 2022capital raising announcement▲ GoodMajor
Enertopia signed the definitive agreement to sell its Clayton Valley, Nevada lithium claims to Cypress Development Corp for US$1.1 million plus 3,000,000 Cypress shares, receiving a $50,000 deposit on signing ahead of the sale's completion two months later.
21 Dec 2021capital raising announcement● NeutralMajor
Enertopia bought further IP assets from consultant Paul Sandler and its own Chief Technical Officer Mark Snyder - a related-party purchase - issuing them 5,000,000 shares now (2,500,000 each) plus 5,000,000 more in escrow pending patent approval, the largest step yet in building out its patent portfolio.
Enertopia extended the expiry of 1,500,000 outstanding warrants (from its January 2021 placement) by four months to May 2022, routine housekeeping suggesting the warrants hadn't yet been exercised.
10 Dec 2021capital raising announcement▲ GoodMajor
Enertopia bought further IP assets (pending patents), this time from Terry Galyon, for 1,000,000 shares issued now plus 1,000,000 escrowed pending patent approval - continuing the patent-portfolio buildout begun with Albert Clark Rich a year earlier.
11 Feb 2021capital raising announcement▲ GoodMajor
Enertopia hired three clean-energy consultants - Richard Smith of Proactive Technology International, Paul Sandler, and Bruce Schellinger of Southwest Wisconsin Enterprises - each paid in stock options at $0.18, launching a new clean-energy/IP strategy that would soon see the company start acquiring patents outright.
Enertopia renewed its technology advisory agreement with Mark Snyder (evaluating acquisitions and managing its patent portfolio) for $30,000/year plus stock options, routine consultant housekeeping.
Enertopia closed a $180,000 private placement (3,000,000 shares at US$0.06 with warrants at $0.09), with the stock price recovering from 2020's lows.
What it means for a shareholder
3.0m new shares at US$0.060 to raise about US$180,000. That's 2.3% dilution: every existing holder's slice gets 2.3% smaller. If you held US$1,000 of shares (16,667 at the issue price), your slice goes from 0.013% to 0.0127% of the company. To keep it you'd need 389 more shares - about US$23 at the issue price.
17 Dec 2020capital raising announcement▲ GoodMajor
Enertopia agreed to buy IP assets (pending patents) from Albert Clark Rich for 2,000,000 shares - 1,000,000 issued immediately and 1,000,000 held in escrow until the patents are approved - the company's first move into building a patent portfolio, a new direction beyond its Nevada lithium claims.
Enertopia sold a second 1% royalty on its Clayton Valley lithium claims for $250,000, bringing its 2020 non-dilutive royalty-sale financing to $450,000 total while retaining full property ownership.
Enertopia formally appointed founder/former CTO Mark Snyder to its Technological Advisory Board and granted him 2,000,000 options at $0.02, a price reflecting how far the stock had fallen since its cannabis and vaporizer-era highs.
Enertopia sold a perpetual 1% royalty on its Clayton Valley, Nevada lithium claims for $200,000 - non-dilutive financing that let it keep 100% ownership of the underlying property.