Second Stage Testing Completed Assays Pending
04 June 2018 - 10:00PM
InvestorsHub NewsWire
Second Stage Testing Completed “Assays
Pending”
Kelowna, BC -- June 04, 2018 -- InvestorsHub
NewsWire -- Enertopia Corporation (ENRT)
on the OTCQB and (TOP)
on the CSE (the "Company" or "Enertopia") is pleased to
announce the following synthetic lithium brine testing update for
the recovery of Lithium by our technology partner Genesis Water
Technologies Inc. (GWT), a leader in specialized water treatment
solutions.
The final
test samples were shipped by courier on June 1, 2018, to the
respective 3rd party labs. The Company anticipates being
in receipt of all the processed synthetic lithium brine and the
dried Li2CO3 product assays by the end of
June.
GWT has been performing final Li2CO3 testing
using synthetic brines solutions created from Enertopia’s Clayton
Valley, Nevada project. The finished Li2CO3
product will be first analyzed via ICP methods to test that they
meet the required Industrial grade 99% or battery grade 99.5%
purity and keeping below the maximum allowed impurities by
weight.
“Genesis Water Technologies looks forward to
the 3rd party assay results from the synthetic brine
samples and our GWT Enerlet Lithium recovery process. We are
enthusiastic to be on the cutting edge of advancements in lithium
extraction to provide battery grade lithium to industry,” Stated
Technical Manager Nick Nicholas.
NEXT STEPS:
The Company
continues to work aggressively to unlock the value of the
lithium-bearing rock at and near the surface at the Clayton Valley
lithium project. The lithium-bearing rock is contained in an
uplifted block of sediments along the eastern flank of Clayton
Valley, NV. Recently Cypress Development released a 43-101
indicating that they had outlined a large multi-million-tonne
Li2CO3 resource in similar sediments adjacent
to our western project boundary. We believe this is a strong
indication that there is resource potential on our project as well.
Noram Ventures, whose property is adjacent to our eastern property
boundary, announced that they had started drilling to expand upon
their 43-101 Li2CO3 resource in sediments as
well.
We are currently compiling data for our first drill program as this
will be necessary for selecting the location of source rock for our
proposed pilot plant. Other preliminary work includes the review of
onsite or offsite processing of the material for the pilot plant
and pilot plant location. Due to the excellent infrastructure in
the area, the company has several options that are currently being
explored.
The company
is pleased to announce it has made all BLM claim payments with
respect to the Companies placer and load claims at Clayton, Valley
Nevada for the 2019 fiscal year starting September 1st,
2018.
“Enertopia looks forward to providing updates
in the coming weeks as to the results of the bench test analysis
and our ongoing project work at our 100% owned Clayton Valley, NV,
Lithium project, as well as continuing due diligence in the
technology and mineral sectors. Modern technology is
revolutionizing ways to mine and protect our environment. We are
enthusiastic about becoming leaders in this evolution,” Stated
President and CEO Robert McAllister
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 exclusively licensed process (Enerlet) with the goal to
recover and produce battery grade lithium
carbonate.
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
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 water treatment 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. 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.,
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 bench test 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. 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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