Enertopia
Provides Corporate Update
Kelowna, BC --
January 14, 2021 -- InvestorsHub NewsWire
-- Enertopia Corporation (ENRT)
on the OTC (the "Company" or
"Enertopia")
is pleased to announce it has
closed $180,000 from a Private Placement. Enertopia
will be
issuing 3,000,000 common shares at USD $0.06 and 1,500,000 whole
warrants that expire on January 14, 2022, with an exercise price of
USD $0.09 per whole warrant during the 12-month period.
No
finders fees were paid with
respect to this financing.
Lithium
Claystone Testing Update:
The
Company is waiting for one new piece of additional test
equipment
for the next phase of solution testing. Once received, this will
enable the Company to further analyze the patent potential of its
synthetic solution process in a low CAPEX mining and processing
scenario.
Additionally, 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
Solar
Patent Technology Update:
On
December 15th, 2020 The Company announced the
acquisition of USPTO Patent #6,024,086, since that time The
Company's Clean Energy advisors have been working to update the
patent. The Company will provide further information once the
updated patents pending have been filed.
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
the calendar year 2021based on our due diligence and own testing
research.
All
issued shares will be subject to a hold period, for any resale into
the United States under Rule 144, of six months and one
day. Proceeds
of the Private Placement will be used for continued Lithium Brine
division development, additional technology, and general working
capital. The Private Placement will be subject to normal regulatory
approvals.
The securities referred to herein will not be or have not
been registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements.
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 1.888.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 has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release
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