Enertopia Corporation, Kelowna, Canada, (OTC: ENRT) provides the following update:
“Our current phase of Lithium solution testing will continue as new data continues to support further work in the area of reduced acid consumption. Acid reagent consumption is a considerable expense in the potential processing of Lithium claystone projects worldwide. Our recent series of testing has focused on potential industry low acid consumption rates of 1% to 2.5% by volume weight using various acids. With varying recovery rates of lithium in the claystone being released into solution from 28% to 58.7% depending on type of acid and concentration levels. At the same time we have been reviewing other 3rd party information that could be extremely beneficial in lowering certain acid costs by both unit cost and reducing transportation costs. We believe that using novel approaches to acid consumption will lead to higher lithium in solution values with lower acid consumption levels thus potentially lowering up front capex costs and reducing neutralizing waste claystone costs on the back end thus reducing water consumption needs.”
“With respect to our clean energy search for potential products and services this has resulted in additional opportunities in the field of clean energy electrical generation that could benefit the Company moving forward. As such we will provide notice to the marketplace when such details become solidified.”
“The company’s technical advisors believe the positive testing to date may warrant patent protection and thus the Company is keeping all internal data strictly confidential at this time. The Company has signed several NDA’s with industry partners as it works to reaching its goal of a low capex solution to battery grade lithium production and concurrently with clean energy electrical generation.”
“Claim payments to the BLM and the respective County fees have been paid and the Dan and Steve claims are in good standing until August 31st 2021.”
“The Company thanks the shareholders for their questions. We continue to work diligently and methodically along our path that we believe over time will benefit all current stakeholders the most.”
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 applaud the members of Congress that see the need for bi-partisan support for securing a domestic supply of strategic metals which include Lithium. 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.”