Enertopia Lithium Solution Testing
June 16 2020 - 9:00AM
InvestorsHub NewsWire
Enertopia Lithium
Solution Testing Extended
Kelowna, BC -- June
16, 2020 -- InvestorsHub NewsWire -- Enertopia Corporation (ENRT)
on the OTC (the "Company" or "Enertopia")
provides the following
update.
Our current phase of
Lithium solution testing is expected to be completed by the end of
July, as we have added onto our testing as we work to lower
impurities using off the shelf technology while at the same
time reducing the use of H2SO4. Based on these
results, the next phase of testing could result in
Ion-resin exchange work, which would further concentrate the
lithium solutions we are currently creating from the Clayton Valley
source rock.
With respect to our
clean energy search for potential products and services; we believe
the first transaction
will be completed before the end of our
fiscal 4th quarter August
31st.
We continue to
review strategic
opportunities
into
clean
energy electrical generation that will benefit the
Company moving
forward.
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 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.
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 that 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.
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