Enertopia
Acquires Patented Solar Energy Technology
Kelowna, BC, CANADA -- December 15, 2020 --
InvestorsHub NewsWire -- Enertopia Corporation (ENRT)
on the OTC (the "Company" or
"Enertopia") is pleased to announce it has acquired USPTO
patent #6,024,086 - Solar energy
collector having oval absorption tubes.
The Company believes
this patent and subsequent patent-pending applications could
provide a novel approach to using waste heat from various sources.
We believe that this technology has the ability to improve the ESG
of not only many current mining operations but
could
also be used in a wide variety of industrial
projects.
In exchange for
acquiring 100% of the above patent and all rights, the Company
issued 1,000,000 shares of common stock. Further to this, the
company will pay for any ongoing patent-pending work and filing
expenses. Upon acceptance of any and all new subsequent patents
derived from the underlying patent, the company will issue an
additional 1,000,000 shares to the inventor, those patents will be
owned and held 100% by Enertopia Corporation.
Enertopia
is also pleased to have the inventor, Mr. Al Rich, join the company
as a clean energy consultant. Mr. Rich is the President and
Founder of ACR Solar International Corp, with over
41
years of
in-depth solar experience, 4 US solar Patents, extensive research
and development work, a proven combination of skills in the key
areas of executive management, strategic planning, sales, and
marketing, as well as many technical innovations that place him as
a recognized leader in the solar water heating field. He will
be working closely with our other clean energy consultant Mr. Mark
Snyder, and has been granted 500,000 stock options with an exercise
price of $0.05 per option with a term of five years in connection
with his engagement.
Looking Ahead to 2021:
Enertopia
Corp. continues to review
and test additional technologies as it works to make mining a more
ESG friendly industry. The Company expects to announce additional
patented & patent-pending technologies in 2021 based on our due
diligence and own testing research.
Upon the successful
issuance of new patented technology, a JV will be set up between
Enertopia and under Al Rich. Further details can be found in the
company's 8k filings.
2021 will also see
renewed activity on our Clayton Valley lithium project as we
continue to move the project forward.
"Enertopia looks
forward to expanding our modern technology to create a better way
to mine and protect our environment. We are enthusiastic in
becoming the leaders in this mining method," Stated President and
CEO 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 the 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., 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. There can be no assurance that patent #6,024,086 will
have will a positive impact on Enertopia. 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 Markets has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release
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