Enertopia Announces Royalty Sale
31 October 2020 - 12:00AM
InvestorsHub NewsWire
Kelowna, BC, CANADA -- October 30, 2020 -- InvestorsHub
NewsWire -- Enertopia Corporation
(ENRT)
on the OTC (the "Company" or
"Enertopia")
is
pleased to announce the Company has concluded a Royalty agreement
contract.
The
Company has signed a 1% Royalty agreement with respect to any
future commercial lithium production from the Company's Clayton
Valley, Nevada claims in exchange for $250,000 USD. The Company is
extremely pleased that it has completed this non-dilutive $250,000
USD financing in its next step to move the Company endeavor's
forward.
The
Company has a right of first refusal to repurchase the royalty upon
any proposed sale by the royalty holder to a third party.
There is no affiliate relationship between the Company and the
royalty holder. This concludes our Royalty sale program for 2020
whereby the Company has raised a total of $450,000 USD with no
dilution to the shareholders of the Company
Looking Forward:
We
continue to explore potential business combinations
and are in advanced
discussions with respect to such joint ventures, strategic
alliances, and intellectual property in the clean energy
marketplace. We will provide further details as discussions
merit.
Additionally,
internal testing of the lithium enriched claystone into solutions
is ongoing using various methods.
"I am
excited about today's news and we will continue to put news updates
out as soon as possible as we move forward to reach our clean
energy milestones", stated CEO & President Robert
McAllister.
About
Enertopia:
A Company
focused on using modern technology on extracting lithium and
verifying or sourcing other intellectual property in the EV and
green technologies to build shareholder value.
Enertopia
shares
are quoted in the United States with symbol
ENRT. For additional information, please visit www.enertopia.com or call Robert
McAllister, the President at 1.888.ENRT201
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 testing 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, or that current talks with
respect to potential joint ventures or partnerships will result in
definitive agreements. 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 OTC has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release
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