Enertopia Announces Exercise of Warrants

Rhea-AI Summary

Enertopia Corporation (OTCQB: ENRT) announced that its CEO Robert McAllister has exercised 500,000 warrants from the May 8, 2025 private placement, purchasing 500,000 shares for USD $50,000. Following this transaction, McAllister now owns 1,350,250 shares, representing 14.519% of the company's outstanding shares. The acquired shares will be subject to a four-month hold period under Canadian securities laws. The company plans to use the proceeds for advancing its patented clean energy technologies, patent-pending oxyhydrogen technology, and general working capital.

Positive

• CEO demonstrates confidence in company by investing $50,000 through warrant exercise
• Insider ownership increases to significant 14.519% stake
• Additional working capital secured for technology advancement

Negative

• Small capital raise of only $50,000 may not be sufficient for significant technology advancement
• Four-month hold period restricts share liquidity

Kelowna, British Columbia--(Newsfile Corp. - June 18, 2025) - Enertopia Corporation (OTCQB: ENRT) (CSE: ENRT) ("Enertopia'' or the "Company") is pleased to announce it has received an exercise request for 500,000 warrants related to its private placement closed on May 8, 2025.

The Company reports that the CEO has exercised 500,000 warrants to purchase 500,000 shares, for total proceeds of USD $50,000 to the Company. The CEO now holds 1,350,250 shares, representing 14.519% of the Company's issued and outstanding shares.

"We are working aggressively to map out the next steps for advancing our patented clean energy technologies and our patent pending oxyhydrogen technology," stated President and CEO Robert McAllister.

The common shares will be subject to a four month hold period under applicable securities laws in Canada and the rules of the Canadian Securities Exchange (the "Exchange").

Proceeds of the warrant exercise will be used for technology advancement and general working capital.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Enertopia Corp.

Enertopia Corp. defines itself as an Energy Solutions Company focused on modern technology through a combination of our intellectual property patents in green technologies to build shareholder value.

For further information, please contact:

Enertopia Corporation
Robert McAllister, CEO
Tel: 1-888-ENRT201
www.enertopia.com

Renmark Financial Communications Inc.
Preston Conable: pconable@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its, mining projects, 3^rd party lithium technology, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. There can be no assurance that the current patented or patent pending technology being used or developed will be economic or have any positive impact on Enertopia. There can be no assurance that the financing will close and if closed will have any positive impact on Enertopia. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities.

Neither the OTC Markets and the CSE Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined, in the policies of the CSE Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255853

FAQ

How many warrants did Enertopia's CEO exercise in June 2025?

Enertopia's CEO exercised 500,000 warrants to purchase 500,000 shares for a total of USD $50,000.

What percentage of Enertopia (ENRT) does the CEO own after the warrant exercise?

After exercising the warrants, CEO Robert McAllister owns 1,350,250 shares, representing 14.519% of the company's outstanding shares.

What will Enertopia use the warrant exercise proceeds for?

The proceeds will be used for advancing their patented clean energy technologies, patent-pending oxyhydrogen technology, and general working capital.

What is the hold period for the new Enertopia shares from the warrant exercise?

The common shares are subject to a four-month hold period under Canadian securities laws and Canadian Securities Exchange rules.

When did Enertopia complete the private placement related to these warrants?

The private placement related to these warrants was closed on May 8, 2025.