Lithium Exploration Update
Enertopia Provides
Lithium Exploration Update
Vancouver, BC -- May 08,
2017 -- InvestorsHub NewsWire -- Enertopia Corporation (ENRT)
on the OTCQB and (TOP)
on the CSE (the
"Company" or "Enertopia") the Company provides the following update
with respect to its ongoing lithium exploration program.
The Company is happy to announce
that after six months of due diligence and internal review that it
will be launching a very targeted location specific review of high
priority Lithium targets across the South Western USA over a 10 day
period from May 17 to May 27. The Company believes this approach is
in the best interests of the company and all shareholders. Any
self-generated and acquired projects would not be subject to
3rd party cash payments, share issuances or over riding
royalties.
The Company further announces that
it will be conducting its first lithium exploration program in
Argentina from June 1-5 after several months of due diligence and
internal review targeting very specific locations with the
company’s Argentinian consultants. The Company will be attending
the Catamarca Lithium conference on June 6-7 and will be meeting
with pre-selected lithium salar owners.
After a complete internal project
review of the company’s three brine targets in Nevada the company
has decided not to make its final property payment and the projects
have been returned to the property vendors and the Company has
terminated its Option Agreement that it entered into on May 12,
2016.
“We are working aggressively at
mapping out the next steps for phase two battery grade lithium
carbonate purity bench testing, project advancements and property
acquisitions.” Stated President and CEO Robert
McAllister
About Enertopia
Enertopia is
concurrently working with water purification technology partner GWT
using patent pending technology that is believed able to recover
Lithium from brine solutions. The companies are currently in the
planning phase for a much larger and expanded phase two of bench
tests with the goal or achieving battery grade Lithium Carbonate.
This is expected to result in the buildout of a pilot plant after
achieving battery grade Li2CO3 purity results.
Enertopia’s 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 the funds raised 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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