Enertopia Corporation Announces Proposed Equity Financing

Enertopia Corporation announced on May 22, 2026, its intention to complete a non-brokered private placement equity financing to raise up to CAD $800,000. The offering consists of four million units at CAD $0.20 per unit, with each unit comprising one common share and one non-transferable share purchase warrant. Each warrant allows the holder to purchase an additional common share at USD $0.20 for 24 months. The proceeds will be used to accelerate the development of the company's hydrogen technologies, investigate acquisition opportunities, and for general corporate and working capital purposes. The financing will be conducted under specific exemptions from prospectus requirements, including those for existing security holders and investment dealers. Subscriptions are being accepted on a first-come, first-served basis for existing shareholders, with potential broker commissions and finder's fees. The securities are subject to a four-month hold period in Canada and will not be offered in the U.S. without registration or an applicable exemption.