Enertopia Moves Closer to
Battery Grade Lithium
Vancouver, BC -- May 10, 2017 -- InvestorsHub NewsWire --
Enertopia Corporation (ENRT-OTCQB) (TOP-CSE) (the
"Company" or "Enertopia") is excited to provide an update as we
approach our first anniversary in the Lithium sector.
Corporate Update:
One year ago we announced our endeavour with our team to come up
with a solution in the recovery of battery grade Lithium Carbonate
by the utilization of advanced technologies in renewable energy,
water filtration and associated technologies.
Over the course of the past couple of months we have announced
results of our first series of Lithium recovery and Lithium
Carbonate purity bench tests with our technology partner Genesis
Water Technologies (GWT). These test findings are currently being
incorporated into the procedures for the next fully funded second
series of bench tests that will be of a much larger scale and scope
as we move forward on our path to achieving battery grade Lithium
Carbonate.
Our primary focus is on perfecting technologies to produce
battery grade Lithium Carbonate / Hydroxide. We realize having our
own source of raw lithium would allow us the highest potential
profit margin. Our team has been working relentlessly in analyzing
real time data over the past year on the mineral exploration and
development possibilities.
Based on the exploration, development and geopolitical data
acquired to date. Enertopia has been able to quantify the
probability of success in certain geologic and geographic locations
which we mentioned in our May 8, 2017 press release.
We are excited about our findings and to bring these to fruition
by deploying the necessary capital to potential acquisitions to
achieve success and to increase shareholder value.
Lithium Market Update:
The accelerating pace of technological change on multiple
fronts, fabrication, robots, and materials continues to support the
demand growth for Lithium and the rapidly growing use of Lithium
batteries in Electric Vehicles (EVs), which is the largest driver
of Lithium demand. Below are just two examples in the past week
alone of how changing technology is driving down the cost and
increasing the range of EVs, making them more competitive with
Internal Combustion Engines (ICEs) and in the coming decade likely
at parity or cheaper than ICEs.
On May 2, 2017 Elon Musk CEO of Tesla was quoted as saying I may
be completely delusional. When an analyst asked Musk to update his bold
statement in an earnings call, the CEO said it would heavily
involve Tesla going at the machine that builds the machine. Which
involves, by the way, a tremendous amount of software, he
explained. This is not just a bunch of robots that are sitting
there. Its programming of the robots and how they interact. And its
far more complex than the software in the car.
The company said Tuesday that manufacturing machines, presumably
with Teslas special-sauce software, are being installed in the
facility, which Musk has said will exceed previous global
lithium-ion battery production.
Full story at http://www.marketwatch.com/story/elon-musk-robot-software-will-make-tesla-worth-as-much-as-apple-2017-05-04
On May 2, 2017 a German consortium group announced their lithium
battery project named the EMBATT using Nano technology and thin
film processing will be ready by 2020 for in vehicle tests to
verify the lab results that the batteries could provide a range of
over 600 miles on one charge.
Full story at https://www.fraunhofer.de/en/press/research-news/2017/may/1000-km-range-thanks-to-a-new-battery-concept.html
Over the past year the technology for Lithium batteries, EVs,
Autonomous vehicles and other associated technologies continues to
converge and strengthen these growing sectors into one singularity
for innovation and change in our transportation sector.
The Company thanks its shareholders for their shared vision as
it moves forward on its path to achieving ultimate success of being
a low cost technology provider and producer in the Lithium sector,
said Robert McAllister, President.
About Enertopia
Enertopia is concurrently working with water purification
technology partner GWT using patent pending technology that is
believed able to recover Lithium from brine solutions. The
companies are currently in the planning phase for a much larger and
expanded phase two of bench tests with the goal or achieving
battery grade Lithium Carbonate. This is expected to result in the
buildout of a pilot plant after achieving battery grade Li2CO3
purity results.
Enertopias shares are listed for trading in Canada with symbol
TOP
and are quoted in the United States with symbol
ENRT. For additional information, please visit
www.enertopia.com or call Robert McAllister, the President at
1.250.765.6412
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. Forward-looking statements include, but are not limited
to, ongoing carbonate purity bench tests with GWT, findings from
such tests and the incorporation into procedures for a fully funded
second series of bench tests that will be much larger, and other
statements regarding project development, acquisition and financing
programs, capital and operating expenditures, future revenue or
capital growth estimates, availability of future financing and
future plans and objectives of Enertopia. The Company makes such
forward-looking public statements concerning its expected future
financial position, results of operations, cash flows, financing
plans, business strategy, products and services, financing,
competitive positions, 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 of 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 brine recovery system will be effective for the recovery
of Lithium and if effective will be economic or have any 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 CSE has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
Enertopia (CSE:TOP)
Historical Stock Chart
From Dec 2024 to Jan 2025
Enertopia (CSE:TOP)
Historical Stock Chart
From Jan 2024 to Jan 2025
