Enertopia Announces Filing
of Second Provisional Patent
Application
Kelowna, British
Columbia, Canada -- May 26, 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 our Second provisional patent application has been
filed with the USPTO. This filing is the result of our
continued diligence in striving for a more economically and
environmentally friendly way to extract lithium from the Claystone
at our Nevada Lithium claims. While our first provisional
patent was geared towards the mining industry, our second
provisional patent was created to safely extract heat from any PV
panel for a multitude of uses. Key takeaways from the second
provisional patent application are: it is a safe method to couple
the absorber from our provisional patent #1 to the solar module,
allowing for maximum heat transfer, which in turn allows for
maximum PV production, an ideal thermal temperature, all while
extending the life of the PV panels. Provisional patent #2 is
also a universal design, purposely created to interface and be used
with and
license to other pre-existing
technologies. Provisional patent #2 is also
a universal design, purposely created to interface and be
used with and license to other
pre-existing technologies.
As Enertopia moves forward towards our
goal of creating a low carbon pilot plant, we realized that there
were certain inefficiencies associated with PV panels which could
be used to our advantage while processing the lithium claystone
found on our claim. In particular we
found that the PV
panels are subject to significant heat stress as temperatures
rise. Manufacturers generally rate PV panels at a temperature
of 77F, while fieldwork in the desert of Nevada showed temperatures
on the back of the panels regularly exceeding 140F, damaging the PV
panels (resulting in a shorter life span) while also losing
significant output. Our provisional patent applications
directly address these issues.
The effect of
temperature on solar panel efficiency
Another goal of this project
will soon be put through beta testing and monitoring verification.
Upon completion of this testing phase, an unnamed 3rd party that
has a three-megawatt solar array has agreed for us to do real-time
comparative testing on their PV sub-arrays. The goal will be to
increase their PV production while simultaneously removing the heat
stress, which will, in turn, prolong the life of their PV panels, a
common problem associated with running solar arrays in hot, arid
regions.
Other aspects of heat stress
include heat fatigue causing permanent PV cell failure, string loss
downtime, and 100% production
loss.
With over 1.2TW (Terawatts)
of worldwide PV installed capacity, and another 100 Gigawatts of PV
capacity coming online per year, the inefficiencies that are
currently experienced due to overheating are quite extensive and
expensive. As the world transitions to a low carbon-based
energy system, we feel that there is a largely untapped market for
the Enertopia technology beyond just the
processing of lithium claystone. Our technology has been
designed so that it can be retrofitted onto existing PV panels,
and we are
confident that our upcoming trial run at the 3-megawatt solar array
will validate the results we have seen in our own field
experiments.
Expected benefits of using
the Enertopia Technology:
- A Potential increase of
>10% or greater on an annual basis in electrical PV system
output
- Removal of panel heat
stress, which is a major contributor to below
nameplate output and panel failure.
- Substantial Increase in PV
System lifetime, thus improving the ROI for all users from home use
to utility-scale solar projects.
"We recommend all
stakeholders visit our website enertopia.com 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
forward in the last year by continuing to develop our Nevada
lithium property, expanding into Green Technology has resulted in
several opportunities that we continue to investigate in improving
mining and society at the same time."
We ask that shareholders send
us any questions they might have with respect to the two
provisional patent application press releases or the PPT
presentation posted on our website at enertopia.com. We will
provide a Q&A to the questions that are not proprietary in
nature in the coming weeks.
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. 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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