Enertopia
Provides Company Update
Kelowna, BC, Canada -- February 11, 2020
-- InvestorsHub NewsWire
-- Enertopia Corporation
(ENRT)
on the OTC (the "Company" or
"Enertopia")
is
pleased to provide
this
ongoing
update.
Further
to the Company's news release of December 30th 2019,
it continues to explore strategic business combinations
and is in early talks with respect to such joint ventures or other
strategic alliances in the clean energy market place
and will
provide further details as discussions warrant.
These
ongoing talks have included ways to monetize future production from
the Company's Clayton Valley, Nevada project and if successful
would allow the Company a non-dilutive path for the next step
forward.
The
Company believes we are in the first
inning of
what is and will be the transformation of the World's
transportation system currently close to 100% dependent on
hydrocarbons. But already we are seeing the first nascent steps
forward on the EV side where over the past two years EV's are
growing in their percentage of market share while Internal
Combustion Engines (ICE's) have fallen in aggregate demand two
years running and this
looks to be the third year in a row of falling
demand.
Roskill
put out a recent update in January on lithium-ion demand growth and
future expectations.
"Between 2015 and
2018, shipments of lithium-ion batteries have increased by 24%py in
terms of battery capacity, reaching over 148,000MWh. In comparison
battery capacity of NiMH batteries shipped totaled below 10,000MWh
and NiCd
batteries
below 1,000MWh in 2018. There has been significant investment by
incumbent and new battery producers into constructing additional
manufacturing capacity to meet demand. Major battery producers plan
to invest over US$50Bn in expanding manufacturing capacity over the
next 5 years in China, the USA and Europe, which is scheduled to
increase annual battery capacity production to over 1.2TWh by
2030.
Automotive
applications accounted for over 70% of total lithium-ion battery
shipments in 2018, compared to just 43% in 2015 and 6% in 2010. The
growth in automotive applications is forecast to maintain a rapid
pace, with shipments increasing by in excess of 30%py through to
2030."
The
President wishes to
acknowledge
the many
emails
and phone calls from shareholders over the past
month. And with respect to
shareholder questions below are the questions I can answer at this
time.
1)
What is
the current share
structure:
Shares
issued and outstanding
|
128,471,700
|
Warrants
|
17,668,459
|
Options
|
7,320,000
|
Fully
diluted
|
153,460,159
|
2)
Plans for
rollback:
The
Company has no current plans for a share rollback.
3)
Projected
revenue:
The
Company has not completed any 3rd party engineering
reports with respect to potential revenue scenarios at this
time.
4)
Are we
engaged with Tesla or similar companies:
The
Company is not engaged with Tesla or similar companies
at this
time.
5)
Status of
NDA's:
The
Company has signed multiple NDA's with respect to the work we have
been doing with respect to the synthetic
brine solutions work completed in 2019 and they are in good
standing.
6)
Does the
Company hold Toxic Debt:
No, the
Company does not have any toxic debt
7)
T1 or
aftermarket financings:
The
Company has not issued any equity or debt after the market close.
Further to this the Company always files press release and
subsequent 8K with any financing activities. Shareholders and
stakeholders are always best informed by visiting the OTC, SEC and
Company websites for information about the Company.
8)
Are
you able to confirm that the brine solution would change the
battery industry in much the same way the silicon chip transformed
the electronics industry:
The
Company continues to work on the brine solution and believes it
could have a material impact on where companies will source future
Lithium source material for EV's and other battery needs. A better
analogy might be what fracking did to the oil and natural gas
industry. Land that used to go for a few thousand dollars per
section ended up going for thousands of times that number due to
the changes in technology.
There are
several companies today at the pilot plant stage testing where a
technology breakthrough could impact the company's with claystone
resources in Nevada in the same way!
"We will
continue
to put
relevant news updates
out as
soon as possible as we move forward to
reach our milestones, Stated President
Robert McAllister."
About
Enertopia:
A Company
focused on using modern technology on
extracting lithium and verifying or
sourcing other intellectual
property in the EV and green technologies to build shareholder
value.
Enertopia
shares
are quoted in the United States with symbol
ENRT. For additional information, please visit www.enertopia.com or call Robert
McAllister, the President at 1.250.870.2219
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, 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 in 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 testing for the brine recovery system
will be effective for the recovery of Lithium and if effective will
be economic or have any positive impact on Enertopia,
or
that current
talks with respect to
potential joint ventures or partnerships will
result in definitive
agreements. 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 OTC
has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release
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