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they have another lithium project/Claims ? tyia
In theory, this sale gives Enertopia cash to move forward their extraction process and their claims elsewhere in Nevada (10x as large as this one) Also the shares in Cypress give them exposure to that project. Their land holdings there were not large enough to ever develop solo, so this was inevitable. Not a bad return for finding an claim staking mistake by Cypress and claim jumping/squatting for a nice profit.
Regarding the voting, just received my voting materials in the mail so officially the sale hasn't happened yet but it is just a formality.
Sorry to be obtuse, but what does selling to Cypress mean for the stocks I own in ENRT? I suppose that means ENRT stocks I hold now are more worthless than ever unless they come up with some other big project. It seems that they come up with something and sell it off. Also, did any of you shareholders get to vote about anything? I wasn't notified there was a chance for me to vote on anything.
added a few more absolutely silly mkt cap here for what they have
1.1 mil $
3 mil shares
Looking to see what happens
Ec
Is it sub penny yet?
Years late and dollars short on a sale. Essentially a 6 million dollar buyout for the business. The only bone you'll get is the fluff spin pump for the dump. Try and keep up..
Really crafty move by Robert. Sell a land holding too small to develop but right in the middle of Cypress claims. Get stock to have exposure to that project, use the cash to develop your own lithium site 10x as large. Was pretty upset when I heard the sale news as that seemed like game over or just pray the tech works. Then bam, this news comes out and it all makes sense. Quite pleased and the initial PPM grades of lithium on the new claims are economical. In essence get a piece( shares) of a future competitor and use their cash to ramp up this.
Feeling a little upset you missed the move? Try to keep up.
So you're saying that he already went and blew the money. Derp.
It was a deal that allowed them to take on a project that is 10x as large. Try to keep up.
2M shares traded already today on HUGE news.
news wow huge news, this should be getting huge volume, 6M mkt cap is ridiculous here https://www.otcmarkets.com/stock/ENRT/news/Enertopia-Announces-a-10x-Increase-in-Lithium-Lode-Claim-Acreage?id=345946
Not a very good deal but given where the company is at, they got what they could. This should have taken place over a year ago, before the notes in the fall. That would have been the best scenario. There's nothing for shareholders here imo. Nothing on share distributions to current shareholders. At least it wasn't in the press release. Good luck here.
That does not sound like enough cash to cover the company debt! You also have to wait to unload the shares which could drop in value quickly!
Big news this morning.
pretty big news selling the clayton valley claims for $1.1 million in cash and 3 million stock of Cypress developement. Good move to let Cypress take over mining and they still share in the profits. https://www.newsfilecorp.com/release/114650
Thanks. Should have went back to the update and reread. Forgot it mentioned land. Any idea where it might be? Same area I am guessing.
He said the news was pertaining to acquiring more land with lithium deposits!
Well it’s February…. It’s a big no no to bout timelines out there unless you are more than confident that something is going to happen. CEO mentioned we might have some news by end of February.
Any ideas what it might be?
Someone should probably tell him that Woke = Broke!
He probably should go back to drilling for oil!
"While we are excited about these developments, we are even more excited about the dozens of other potential Li claystone targets that our exploration team have been energetically pursuing. We are in active negotiations and expect to have updates before the end of February on this front"
nice lithium news
https://www.newsfilecorp.com/release/110257
Company needs to concentrate on getting lithium production underway as world shortage coming.
And Poof it's gone!
https://www.cpr.org/2020/11/20/boulder-ends-decade-long-pursuit-of-city-owned-power-utility/
Woke = Broke!
I'm fairly sure they got what they deserved!
I already know the direction! It's not up!
Looking good. Supply chain issues need to be resolved.
Hoping for some news before the end of the year that can move the needle…
EV stocks heating up again. It was around this time last year ENRT started taking off. Let’s hope for a repeat.
$ENRT Looks like its trying to turn back upwards...
LOL!
You will be Broketopia!
KELOWNA, B.C., Oct. 28, 2021 /PRNewswire/ -- Enertopia Corporation ("Enertopia'' or the "Company") a company focused on building shareholder value through a combination of our Nevada Lithium claims, intellectual property, & patents in the green technology space, is pleased to announce our latest solution testing update before our samples are sent to the DOE project for the first phase of the testing.
Our current phase of brine creation has focused on roasting with chloride salt use and distilled water use only in creating a very low impurity solution with a neutral to slightly basic pH solution. As such, early results show a potentially low capex, low environmental, and low carbon footprint for producing lithium carbonate.
The below table shows high-acid and non-acid solution ranges that will make up some of the first phase solutions now being prepared for shipping to the DOE in the nanotechnology Direct Lithium Exchange process (DLE) process:
Solution Type
PPM B
PPM Ca
PPM K
PPM Mg
PPM Na
PPM Li
Li/Mg Ratio
% Li into solution
High Acid pH 1.0
35
3,200
1,100
1,370
500
101
1/13.5
77.0
Non-Acid pH 6.8
BD
80
200
7
300
14
2.01/1
31.3
Note: BD is below the detection limit of 5 ppm. High acid solution ratio 1 part claystone to 9 parts high acid for 60min at 50c. Non-Acid solution 1 part roasted claystone 60min at 810c to 29 parts non-acid solution for 60min at 60c.
DLE uses different mediums of exchange to capture lithium ions while allowing other contaminant ions to pass by allowing for high purity capture of the lithium ions. We are providing a wide assortment of synthetic brine solutions to see how nanotechnology will handle the recovery of lithium ions. Many factors are involved in the ultimate economic recovery of lithium such as grade, recovery, reagent costs, energy costs, CO2 input costs.
One of the biggest benefits of lithium-hosted claystone deposits is the ability to make the lithium enriched solutions work with the DLE process. Resulting in the best possible economic and environmentally friendly recovery process possible in this rapidly expanding field.
"We have bookmarked the two ends of the spectrum to be used in the first series of solution tests, using the technology mentioned above. Throughout this project, and in the coming months, we will provide updates when results warrant," Stated President and CEO Robert McAllister."
Some lithium news out! Things are happening, and I like it! Great time to continue accumulating these cheap shares now IMO
http://ih.advfn.com/stock-market/USOTC/enertopia-qb-ENRT/stock-news/86397646/enertopia-provides-clayton-valley-lithium-project?adw=1126416
Shocked this thing never moves on good news. But at least it’s good news. I don’t think it’s dilution though, I think it’s people missing out on a huge opportunity. I still love the potential here.
nice news this definitely deserves higher values https://www.otcmarkets.com/stock/ENRT/news/story?e&id=2029094
Gotta knock out these .073s on the ask and we can head toward the 9s
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