Enertopia 2021 Fiscal year summary and
2022 Outlook
Kelowna, British Columbia, CANADA -- September 13th, 2021
-- InvestorsHub NewsWire -- Enertopia
Corporation ("Enertopia'' or the "Company")
an Environmental
Solutions Company focused
on using modern technology to extract lithium while verifying or
sourcing other intellectual property in the EV & green
technologies industries to build shareholder value, is pleased to
provide highlights from our fiscal 2021 year-end summary, and
our
outlook for the upcoming 2022
fiscal year.
The Year in Review
On October 7th,
2020 we signed an NDA for the review of a Lithium processing
pilot plant. As a result of this NDA, the company began
investigating various aspects of how to make the refining and
processing of lithium more environmentally
friendly.
This led Enertopia Corporation to
submit 3 separate provisional patents over the course of the year, which we
will go into further detail below.
We announced on December 15th the acquisition of
USPTO patent #6,024,086 - Solar energy collector having oval
absorption tubes. The Company believes this patent and
subsequent patent-pending applications could provide a novel
approach to using waste heat from various sources. We believe that
this technology has the ability to improve the ESG of not only many
current mining operations but could also be used in a wide variety
of industrial projects.
On
February 10th, 2021 we announced the engagement of four clean energy
consultants as part of our commitment to a green, clean mining
process. Enertopia is focusing these consultants' efforts on
further developing and adapting our filed provisional
patents.
The consultants include Mr.
Richard Smith, owner of Proactive Technology Inc. and holder of 14
separate patents in clean energy efficiency; Mr. Paul Sandler, a
data expert with over two decades of experience working at IBM; Mr.
Barry Brooks, who with over 50 years of engineering experience has
developed dozens of energy-efficient products & ventilation
methods for commercial applications; and Mr. Bruce Schellinger, a
20-year industry expert in structure insulation who was
instrumental in the state of Wisconsin's adoption of the P2000
insulation system.
On May 25th and May 26th we
announced the filing of our first two provisional patents that are
now known as the ENERTOPIA
SOLAR BOOSTER TM, and the ENERTOPIA HEAT EXTRACTOR
TM. The ENERTOPIA SOLAR
BOOSTERTM is loose coupled with the PV array, taking
the heat away from the PV panel & also acting as a cooling
blanket. This is done by reducing the potential of heat radiating
from the roof tiles into the attic space and finally into the
living space. The HEAT
EXTRACTOR TM is close-coupled on the backside of the Solar
(PV) panel, which cools it off. That in turn increases both the PV output and
the longevity of the PV panel. We believe these provisional patents have
multiple uses in the residential, commercial, industrial, and
mining sectors. Please read our PR from July 14th for
further information.
On August
17th
we announced our third provisional patent of the year,
the ENERTOPIA
RAINMAKER TM. We have developed a method to extract
moisture by lowering the temperature in the HEAT EXTRACTOR TM system to below the dew point of ambient
air.
Water will form on the outside
surfaces and drop to a catch basin for water retention and
collection.
This technology will be coupled
to large solar arrays where efficient PV power will be produced by
day and water produced by night and seasonally during the day.
Enertopia believes that this approach will significantly increase
the ROI of any power project where water shortages exist. Water
production costs are projected to be less than that of desalination
or reverse osmosis both in first cost and on a per-gallon basis.
Arid coastal and seasonally monsoonal areas are particularly
favorable.
Depending on the chosen location
water can be made at the rate of 1.5 to over 4 gallons per hour per
panel.
Looking Ahead to fiscal year 2022
On
September 2nd we announced our selection along with four other companies
in our consortium by the U.S Department of Energy (DOE) to provide
our synthetic brine samples from our Clayton Valley project.
The project
partnership will be using Magnetic Core-Shell Nanoparticles
technology in its efforts to recover Lithium from unconventional
sources.
Our monitoring program is
currently ongoing at the multi-MW solar array and is being run
concurrently using a 3rd party private monitoring system to
validate its ability to run bug-free and provide uninterrupted data
under extreme heat environments as the above monitoring
continues. These testing phases will allow for the
filing of final patent applications by fiscal Q3 2022, we will
announce updates to the process as warranted during Q1 and Q2 as we
reach in field milestones.
"Once we have the data from the above
programs and the DOE technology program, we will be able to move
forward on our pilot plans for how a carbon friendly footprint
mining scenario could look like." Stated President Robert
McAllister
About Enertopia:
Defines itself
as an Environmental Solutions Company focused on using modern technology to extract
lithium while verifying or sourcing other intellectual property in
the EV & green technologies industries 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 the DOE
testing will prove successful. 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
Enertopia (QB) (USOTC:ENRT)
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De Nov 2024 a Dic 2024
Enertopia (QB) (USOTC:ENRT)
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De Dic 2023 a Dic 2024
