Enertopia Update On International Lithium Tech Agreement
Vancouver, BC -- September 13, 1016 -- InvestorsHub NewsWire --
Enertopia Corporation (ENRT)
on the OTCBB and (TOP) on
the CSE (the "Company" or "Enertopia") is pleased to provide an
update on its Definitive Agreement with Genesis Water Technologies,
Inc. (GWT). This technology could revolutionize Lithium processing
and change the current footprint in the Lithium brine industry.
We are pleased to update that the Definitive Agreement between
GWT and Enertopia is in its final phase of reviews and is expected
to close shortly.
Enertopia is currently sourcing Lithium brine samples to provide
a broad baseline for the bench test for Lithium recovery, which is
expected to start in October 2016 with the anticipation of final
results before the end of this year.
It is currently believed that using GWTs patent pending recovery
technology that Lithium can be recovered at a cost and
environmental footprint that are both significantly lower and
smaller respectively than todays current industry standards. As
press released on June 28, 2016 the potential cost for recovering
battery grade 99.5% or higher Li2CO3 could be below $1,800 per
tonne depending on the concentration levels of lithium in the
brine.
Upon successful bench testing results Enertopia will move into
the next phase of testing by building a pilot plant that will
process 50 gallons per minute of Lithium brine. We are planning to
have this pilot plant up and running during the second half of
2017.
Enertopia is excited about concluding the Definitive Agreement
and moving into its next step with bench testing the patent pending
Lithium recovery technology. Enertopia looks forward to providing
additional updates as milestones are met and corporate developments
unfold. Modern technology is revolutionizing and providing a better
way to mine that protects our environment. We are enthusiastic in
becoming leaders in this evolution, Stated President and CEO Robert
McAllister
About Genesis Water Technologies:
Genesis Water Technologies, Inc. is a USA based manufacturer of
advanced, innovative and sustainable treatment solutions for
applications in process water, drinking water, water reuse and
waste water for the energy, agriculture processing, industrial,
municipal infrastructure, and building/hotel sectors. For
additional information, please visit genesiswatertech.com
About Enertopia Corp:
Enertopia is exploring a portfolio of three prospective lithium
projects in Nevada, and concurrently working with water
purification technology that is believed able to recover Lithium
from brine solutions.
Enertopias shares are quoted in Canada with symbol TOP and
in the United States with symbol
ENRT. For additional information, please visit enertopia.com or
call Robert McAllister, the President at 1.250.765.6412
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 or
technology projects, 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 patent pending mobile brine recovery system will be
effective for the recovery of Lithium and if effective will be
economic or have any positive impact on Enertopia, There can be no
assurance that the Nevada Lithium projects contain economic
concentrations of Lithium. 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.
The CSE has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release