Fri, Jul 12, 8:03 PM (57 days ago)
Enertopia Corp's Form 10-Q for the quarter ended May 31, 2024, reports a significant decline in financial health. Current assets dropped from $1.35 million on August 31, 2023, to $460,274 on May 31, 2024, largely due to a decrease in marketable securities. The company posted a net loss of $845,233 for the nine months ended May 31, 2024, compared to a net loss of $1.29 million for the same period in 2023. This reduction was primarily due to lower exploration expenses and cost containment measures. Cash used in operating activities decreased to $582,444 from $1.01 million in the prior period. The company’s going concern status remains uncertain, dependent on new financing.