Enertopia Provides Corporate July Update
#1
Kelowna, British
Columbia, Canada -- July 14, 2021 -- InvestorsHub NewsWire
-- 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 provide the following
update.
Our Patent Attorneys have
informed us that our First and Second
provisional patent application Trademark names ™ have been filed
with the USPTO. Provisional patent # 1 will
now be known as the ENERTOPIA SOLAR BOOSTER TM, and Provisional patent #2 will
now be known as the ENERTOPIA HEAT EXTRACTOR TM
We have engaged a third-party
engineering firm in data verification of the ENERTOPIA HEAT
EXTRACTORTM, on the potential for
increased Photo Voltaic (PV) energy output and the concurrent
increase in life cycle. This testing is expected to
confirm our internal analysis of the energy creation and added
benefit of PV panel cooling resulting in lowering the panel heat
stress and increasing the effective life cycle of the panels. By
being able to quantify the increased clean energy output and
offsetting CO2 credits we will be able to provide an
update on the potential value of CO2 credits going
forward.
We believe the company will
be able to monetize these increased savings via
CO2 carbon credits. Five
years ago these credits resulted in
upfront payments of roughly $1,000,000 dollars per Mw based on
predefined operating contracts in the industry. These rates have
doubled over the past five years and industry forecasts based on
current government approved increases over the rest of this decade
indicate these numbers could increase by a factor of five times
from current levels based on International Monetary Fund (IMF)
forecasting $75, Wood Mackenzie $110 and International Energy
Association $120 per tonne of CO2 needed for the World to reach
the 2030 Paris climate accord agreement. The company will be
providing increased updates as information becomes available
including updated QA and presentation on the ENERTOPIA HEAT
EXTRACTORTM shortly.
Clayton Valley
Project Update:
The company is pleased to
report all claim fees for the 2022 year starting Sept
1st, 2021 have been paid to the BLM and
county. The company is currently awaiting quotes on a potential
drilling program to provide a bulk sample of material for further
development work to advance our lithium claystone
project.
"We recommend all
stakeholders visit our investor
page for an updated presentation
on the exciting opportunity this next chapter brings as
Enertopia
continues to move
forward." Stated CEO Robert McAllister "Enertopia has made great strides in the
last year by continuing to develop our Nevada lithium property
while expanding into Green Technology, which has resulted in
several opportunities that we continue to investigate in improving
mining and society at the same
time."
Conclusion:
We continue to believe that
the Lithium hosted claystone deposits in Nevada will become major
sources of Lithium production in the 2020s while offering the
United States a secure domestic supply of battery grade Lithium
products. We are also excited to see and witness the convergence of
several technologies that are changing the very way we produce and
consume electrical energy amidst the growing opportunities for a
better world.
About
Enertopia:
A Company focused on using
modern technology on extracting lithium and verifying or sourcing
other intellectual property in the EV & green technologies to
build shareholder value.
Enertopia shares are quoted in the
United States under ticker 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. There can be no assurance that patent
#6,024,086 will have a positive impact on Enertopia. There can be no assurance
that provisional patents applications will become patents or that
the applied for trademark names will be granted. 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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