DISAPPOINTING RESULTS
3RD PARTY TESTING RESULTS, ENERTOPIA ON THE RIGHT PATH TO SUCCESS
Enertopia Corp. has provided a lithium brine testing update for the recovery of battery-grade lithium compounds by its technology partner, Genesis Water Technologies Inc., a leader in specialized water treatment solutions.
The finished Li2CO3 (lithium carbonate) product samples were analyzed via ICP (inductively coupled plasma) methods by independent third party labs to test whether or not they met required battery-grade purity levels (99.5 per cent) by testing for impurities below the maximum allowed limits by weight. All third party lab testing results have been received and battery-grade purity was not achieved by using Genesis Water Technologies' single pass process system for recovery of lithium into Li2CO3.
Next steps
After reviewing the independent third party technical data from the completed second phase bench test, the board of directors decided that it was in the best interest of Enertopia to provide Genesis Water Technologies with a formal 30-day notice of termination with respect to the licensing agreement. Such notice has been given today.
Dr. John Thomas, the company's technical adviser, will now take the lead in continuing design and testing in the creation of synthetic brine from enriched lithium claystones on the companies Clayton Valley project and the subsequent conversion to battery-grade Li2CO3 and/or LiOH (lithium hydroxide).
Taking back control of the design process will allow the company to accelerate the testing cycle at a reduced cost. Any proprietary design or process that might be patentable going forward would belong 100 per cent to Enertopia.
The company is very encouraged by the material project developments by Cypress Development and Noram Ventures adjacent to the company's project. The company is further encouraged by its advances, and those of other companies as well, in the recovery of lithium from various depositional environments and its conversion to battery-grade carbonate and/or hydroxide materials.
"Enertopia looks forward to providing ongoing updates of our technical and project work at our 100-per-cent-owned Clayton Valley, Nev., lithium project. Modern technology is revolutionizing ways to mine and protect our environment. Over the past two years, I have increased my share position in the company by 1.98 million shares and now hold 5.39 million shares. I look forward to increasing my share ownership, as I am confident we are on the right path to success," stated Robert McAllister, president and chief executive officer.
