Enertopia Provides 2017
Year-end Update
Kelowna, BC --
December 19, 2017 -- InvestorsHub NewsWire -- Enertopia
Corporation (OTCQB:
ENRT) (CSE: TOP) (the
"Company" or "Enertopia") is pleased to provide an update as we
approach the end of 2017 and an exciting 2018.
Corporate Update:
Eighteen months ago we
began our R&D initiatives to recover battery grade Lithium
Carbonate through the synergies of advanced technologies in
renewable energy, water filtration, and associated
technologies.
Since September our
partner Genesis Water Technologies (GWT) has been evaluating data
obtained from the first bench test results and other technical data
provided by Enertopia to complete a larger and enhanced lithium
recovery system. This $200,000 pre-paid second phase bench test has
now completed the technical design phase with over 1,500 hrs of
team effort.
The second phase of the
second bench test will use synthetic brine solutions that will be
created from the surface samples from the two bulk samples taken at
our Clayton Valley, NV project. As reported by Enertopia on October
25, 2017. Based on these results Enertopia engaged a third party
metals and minerals testing laboratory to run various scenarios
using different pH solutions with leach times varying from 2 hours
to 48 hours with respect to the amount of lithium and other
minerals precipitated from the host rock.
When all labs results
have been received Enertopia will be providing an update. The
results of these tests will be incorporated into the make-up of the
synthetic brine solutions that will be comprising the synthetic
brines for the bench tests that GWT will be running through its
scaled-up bench tests in 2018.
Estimated Timeline of Next Steps in
2018:
January - Bench test
build out
February - Preparation of
synthetic brines
March – April - Bench
testing of synthetic lithium brines
May - Final laboratory
lithium recovery and Li2CO3 grade results
“We are excited about the
progress made in 2017 and look forward to achieving our primary
focus of perfecting technologies to produce battery-grade Lithium
Carbonate.” Stated CEO Robert McAllister.
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
(EV’s), 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 EV’s, making
them more competitive with Internal Combustion Engines (ICE’s) and
in the coming decade likely at parity
or cheaper than ICE’s.
Grandview Research Inc.
reported in August 2017 that they expect the Lithium Ion market
to reach USD 93.1 billion by 2025,
growing at a CAGR of 17.0%, Increased usage of lithium-ion
batteries in electric vehicles, portable consumer electronics, and
grid storage systems owing to its high energy density and high
safety level is expected to drive market demand. For
comparison last year the lithium Ion market had sales of USD $22.8
billion.
Full story at https://www.grandviewresearch.com/press-release/global-lithium-ion-battery-market
On Nov 30, 2017, General Motors said
that by the end of 2019 it will be mass-producing fully autonomous
electric cars. The cars will be used for a new GM
ride-sharing service which, the automaker said, could ultimately be
bigger than its current business of simply selling cars.
It's the first step toward a massive shift in its business --
moving away from selling cars to customers to selling rides in
autonomous cars.
Full story at http://money.cnn.com/2017/11/30/technology/gm-autonomous-cars-2019/index.html?iid=EL
Over the past year, the
technology for Lithium batteries, EV’s, Autonomous vehicles and
other associated technologies continue 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 in the Lithium sector,” said
Robert McAllister, President.
About Enertopia
Enertopia is concurrently
working with water purification technology partner GWTusingpatent
pending technology that is believed able to recover Lithium from
brine solutions.
Enertopia’s 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 our website at
www.enertopia.com or call Robert McAllister, the President at
1.250.765.6412
About Genesis Water Technologies (GWT)
GWT is a global specialized water
treatment solution’s company focused on providing innovative &
sustainable solutions for specialized industrial and municipal
applications. For additional information please visit www.GenesisWaterTech.com
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.
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