Home / Going-concern warnings / Enertopia Corp.
Filed 2025-07-14 路 Form 10-Q 路 Accession 0001062993-25-012825 nano
Price before filing: $0.1067 (2025-07-11 close, split/dividend-adjusted)
Market cap at flag: $704,399 (2025-07-14) 路 Latest: $431,773 (2026-10-13)
| Window | ENRT | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +387.3% | +3.4% | +383.9% | 2025-08-13 |
| 90 days | +12.5% | +6.6% | +5.8% | 2025-10-13 |
| 180 days | -10.1% | +12.1% | -22.2% | 2026-01-12 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider bought $118K (4 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-04-23 | McAllister Robert PRESIDENT CEO, Director | Purchase | 40,000 | $0.16 | $7K | no | Form 4 |
| 2025-04-24 | McAllister Robert PRESIDENT CEO, Director | Purchase | 67,500 | $0.17 | $11K | no | Form 4 |
| 2025-05-08 | McAllister Robert PRESIDENT CEO, Director, 10% owner | Purchase | 500,000 | $0.10 | $50K | no | Form 4 |
| 2025-06-18 | McAllister Robert PRESIDENT CEO, Director, 10% owner | Purchase | 500,000 | $0.10 | $50K | no | Form 4 |
| 2025-07-14: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-15 to 2025-08-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"The Company incurred net cash outflows from operating activities of $ 282,534 for the nine-months ended May 31, 2025 ($ 582,444 for the nine-months ended May 31, 2024) and as at May 31, 2025 has incurred cumulative losses of $ 15,853,921 that raises substantial doubt about its ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-05-31)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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