Enertopia
Corporation Patent Update
Kelowna, British
Columbia, CANADA -- April 21st, 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 research, development,
and engineering teams have been successful in the BETA testing of
our new solar device patent. After completing a rigorous data
gathering process, our team has determined that the technology has
led to a major breakthrough of not one, but two separate patent
worthy products.
We have now submitted two
provisional patents for final verification with our patent
attorneys. At this point we are dependent on the
speed of the patent attorneys to review the submission. Once
the provisional patents have been filed, we will be able to go into
greater detail about the patent applications and subsequent
3rd party real-world testing
program.
We appreciate the patience of
our investors as we move forward and
encourage them to
read over our most recent quarterly report where we increased assets by
81% in the last quarter, while also reducing our current
liabilities by 10%. This strengthening of the balance sheet
will greatly enhance our ability to independently move forward with
this project once the patents are reviewed by the USPTO.
"We look forward to sharing
the details of this exciting new technology with our investor base
as soon as the patents are filed with the USPTO." 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, all while
improving our balance sheet & cash position moving into
2021."
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.
The Company thanks the
shareholders for their questions. We continue to work diligently
and methodically along our path that we believe over time will
benefit all current stakeholders the most.
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 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
Enertopia (QB) (USOTC:ENRT)
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