Enertopia Lithium Project and Solution Testing Update
August 03 2020 - 9:00AM
InvestorsHub NewsWire
Enertopia
Lithium Project and Solution
Testing Update
Kelowna, BC,
CANADA -- August 3,
2020 -- InvestorsHub NewsWire -- Enertopia Corporation (ENRT)
on the OTC (the "Company" or "Enertopia") provides the following
update.
Our current phase of Lithium solution testing will continue as new
data continues to support further work in the area of reduced acid
consumption. Acid reagent consumption is a considerable expense in
the potential processing of Lithium claystone projects worldwide.
Our recent series of testing has focused on potential industry
low acid consumption
rates of 1% to 2.5%
by volume
weight using various acids.
With varying recovery rates of lithium in the
claystone being
released into solution from
28% to 58.7% depending on type of
acid and concentration levels. At the same time we
have been reviewing other 3rd party information
that could be extremely beneficial in lowering certain acid
costs by both unit cost
and reducing
transportation
costs. We believe that using
novel approaches to acid consumption will lead to higher lithium in
solution values with lower acid consumption levels thus potentially
lowering up front capex costs and reducing neutralizing waste
claystone costs on the back end thus reducing water consumption
needs.
With respect to our
clean energy search for potential products and services
this has
resulted in additional opportunities in the field of clean
energy
electrical generation that could
benefit
the Company moving
forward. As such we will
provide notice to the marketplace
when such
details become solidified.
The
company's technical advisors believe the positive testing to date
may warrant patent protection and thus the Company is keeping all
internal data strictly confidential at this time. The Company has
signed several NDA's with industry partners as it works to reaching
its goal of a low capex solution to battery grade lithium
production and concurrently with
clean energy electrical generation.
Claim
payments to the BLM and the respective County fees have been paid
and the Dan and Steve claims are in good standing until August
31st 2021.
The
Company thanks the shareholders for their questions. We continue to
work diligently and methodically along our path that we believe
over time will benefit all current stakeholders the most.
Conclusion:
We
continue to believe that the Lithium hosted claystone deposits in
Nevada will become major sources of Lithium production in the 2020s
while offering the USA a secure domestic supply of battery grade
Lithium products. We applaud the members of Congress that see the
need for bi-partisan support for securing a domestic supply of
strategic metals which include Lithium. We are
also excited to see and witness the convergence of several
technologies that are changing the very way we produce and consume
electrical energy amidst the growing opportunities for a better
world, all in a far shorter time span than most realize.
The
Qualified
person:
The
technical data in this news release have been reviewed by Douglas
Wood, P.Geol a qualified person under the terms of NI
43-101.
About
Enertopia:
A Company
focused on using advanced sustainable technology for extracting
lithium and verifying or sourcing other emerging intellectual
property in the EV & Green Technology sectors in order to build
shareholder value.
Enertopia
shares are quoted in the United States under ticker symbol
ENRT. For additional information, please visit www.enertopia.com
or call
Robert McAllister, the President at 1.888.ENRT201
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., current and future impact of COVID-19; 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 or the mineral
resources will be economic or mined. 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.
Enertopia (QB) (USOTC:ENRT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Enertopia (QB) (USOTC:ENRT)
Historical Stock Chart
From Sep 2023 to Sep 2024