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Sunday, April 18, 2021

Lithium Space; The Rise of Enertopia Corp (OTCMKTS: ENRT)

Enertopia Corp (OTCMKTS: ENRT) is heating up and running northbound quickly attracting legions of new shareholders and emerging as a volume leader in small caps. The stock has exploded over a penny in recent days as the Company reports positive results coming from its approximately 160 Acres of Placer and Lode Claims in Clayton Valley, Nevada. Recent findings seem to confirm the belief the Lithium hosted claystone deposits in Nevada will become major sources of Lithium production in the 2020s while offering the USA a secure domestic supply of battery grade Lithium products.

ENRT is an ex big board stock and has been trading on the OTCQB since December when it was delsited from the CSE; penny stock speculators accumulating this one know these ex big boards love to run once on the small caps. Another valuable aspect of ENRT is the Company’s Lithium Technology (ENERLET) licensing rights from Genesis Water Technologies (GWT)

Enertopia Corp (OTCMKTS: ENRT) is an exploration and development company, which is employing modern technology to be able to produce battery-grade lithium carbonate from brines or the creation of a synthetic brine from the company’s lithium project in Clayton Valley, Nevada, U.S., The Dan lode and Steve placer claims are located near Albemarle’s Silver Peak lithium brine mine. We invite you to follow along as technological innovation moves Lithium to an increasingly important role in our evolving energy world. The Company delisted its shares from the CSE in December of last year.

The 2019 Company video says. Could it be Tesla who is in their backyard? In video, President and CEO Robert McAllister sat down with Steve Darling from Proactive Vancouver to bring news the company has wrapped up their spring and summer testing to control impurity levels in the Upper Oxide and Reduced drilled horizons of their project in Neveda. See video https://youtu.be/9d_uvt2gZ8Y

Lithium is hot right now and it’s easy to see why; just this past January, Tesla began mass producing lithium-ion battery cells at its 1.9-million-square-foot Gigafactory in Reno, Nevada. With Panasonic’s cooperation, the company expects to produce a mind-boggling 35 gigawatts of battery power a year by 2018, or about as much as the rest of the world’s current battery capacity combined. Lithium is also heating up in China where China’s Contemporary Amperex Technology Ltd., is quickly gaining ground and plans to surpass Tesla in terms of battery production by 2020. By that year, close to 85 percent of all lithium-ion batteries in the world will be produced in either the U.S. or China, according to Goldman Sachs, which sees the battery market climbing to $40 billion by 2025.

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ENRT

ENRT is up big after the Company announced it has signed an NDA to share data for an initial pilot plant which will showcase the possibility of building a net carbon neutral Lithium mining operation in the Nevada desert. The company’s technical advisors believe that the positive testing to date may warrant patent protection, and thus the Company is keeping all internal data strictly confidential at this time. Additionally, beyond the above-mentioned NDA, the Company has also signed several NDA’s with industry partners as it works to reach its goal of a low capex solution to battery grade lithium production.

ENRT current phase of Lithium solution testing continues to support further work in the area of reduced acid consumption. Acid reagent consumption is a considerable expense in the potential processing of Lithium claystone projects worldwide.  Unfortunately, with the increased amount of industry drilling the turnaround time for assay work has increased from 10 days to approximately 5 weeks. These delays are expected to last through the remainder of 2020 and into Q1 2021. The latest series of testing has focused on potential industry low acid consumption rates of under 5% by volume weight using various acids. Tests have produced recovery rates of between 55% to 62% depending on the type of acid, and type of Lithium claystone being treated. They have also been reviewing other 3rd party data that could be extremely beneficial in lowering acid costs by both unit cost and reducing transportation costs. The Company believes that using novel approaches to acid consumption will lead to higher lithium in solution values per % of acid by volume that is the current industry norm, with lower acid consumption levels. This has the potential of lowering upfront capex costs and reducing neutralizing waste claystone (back end expense), thus reducing water consumption needs. Concurrently with methods of acid production, the company has been reviewing novel applications, using clean technology, to increase the recyclability of process water. Analysis of these methods indicate the potential for greater than 90% of the process water being reused over time.

ENRT management stated “We reaffirm our Conclusion that we stated in our last press release on August 3, 2020 below and are pleased that Tesla Inc. came to the same conclusion with respect to Li claystone deposits in Nevada during their battery day announcement on September 22, 2020: 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 USA a secure domestic supply of battery grade Lithium products. We applaud the members of Congress that see the need for bi-partisan support for securing a domestic supply of strategic metals which include Lithium. 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, all in a far shorter time span than most realize.”

 

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ENRT is heating up and running northbound quickly attracting legions of new shareholders and emerging as a volume leader in small caps. The stock has exploded over a penny in recent days as the Company reports positive results coming from its approximately 160 Acres of Placer and Lode Claims in Clayton Valley, Nevada. Recent findings seem to confirm the belief the Lithium hosted claystone deposits in Nevada will become major sources of Lithium production in the 2020s while offering the USA a secure domestic supply of battery grade Lithium products. ENRT is an ex big board stock and has been trading on the OTCQB since December when it was delisted from the CSE; penny stock speculators accumulating this one know these ex big boards love to run once on the small caps. Another valuable aspect of ENRT is the Company’s Lithium Technology (ENERLET) licensing rights from Genesis Water Technologies (GWT) We will be updating on ENRT when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ENRT.

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Disclosure: we hold no position in ENRT either long or short and we have not been compensated for this article.

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