Enertopia
Provides Corporate
Update
Kelowna, BC --
February 2, 2018 -- InvestorsHub NewsWire -- Enertopia
Corporation (ENRT)
on the OTCQB and (TOP)
on the CSE (the "Company" or "Enertopia") is pleased to
provide the following update.
Enertopia has been
informed by one of our independent 3rd party labs that ALS Labs has
received new synthetic lithium brines using a more concentrated
ratio of 1g source rock and 3g solution with a pH of 11. Also, the
temperature of the solution had been raised to 80 degrees Celsius
during the two hour testing period. For reference, our first
synthetic brines were composed of 1g source rock to a 4g solution
with a pH of 11 at room temperature.
The Company continues to
work aggressively at unlocking the value of the oxidized lithium
bearing rock at the surface along the uplifted block along the
eastern flank at Clayton Valley, NV. Further testing of lithium
source rock and pH controlled liquid ratios will continue along
with and in combination with testing of other separation methods
that will be ongoing over the first quarter of 2018. Assay results
from the above synthetic brines are expected
shortly.
"We are working to inform
the marketplace about our recent news and next steps for
advancements in the ENERLET
lithium extraction
technology process." Stated President and CEO Robert
McAllister
Enertopia also welcomes
shareholders and investors to visit us at this year's PDAC in
Toronto, ON during March 4th to 7th you will be able to find us on
the Investors Exchange side at booth number 3347.
The Company announces it
has received $3,500 from the exercise of warrants previously
granted. The warrants were exercised at prices of US$0.07 for a
total of 50,000 common shares being issued. All warrants are being
exercised by third parties who are neither officers nor directors
of the Company. No commissions or placement fees have been paid
related to the funds received from this warrant exercise. Proceeds
will be used for general corporate purposes.
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.
The Qualified
person:
The technical data in
this news release have been reviewed by Douglas Wood, P.Geol a
qualified person under the terms of NI 43-101.
About
Enertopia: A Company focused on using modern technology to
build shareholder value. Working closely with Genesis Water
Technologies (GWT) on an exclusive
licensed
process (Enerlet) with
the goal to recover and produce battery grade lithium
carbonate.
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
Enertopia shares are
quoted in Canada with symbol TOP
and 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. 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
projects,
Lithium
brine recovery technology, 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 increasing electric
vehicle sales and lithium demand will have any positive
impact on Enertopia. There is no assurance
that the current bench test will be successful and other projects
will be acquired. 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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