Enertopia Provides August Technology
Update
Kelowna, British
Columbia, Canada -- August 25, 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 Provisional patent # 3 will
now be known as the ENERTOPIA RAINMAKER TM.
Now that we have filed our
three provisional patents, we have moved into the
monitoring phase of testing with the ENERTOPIA HEAT
EXTRACTORTM. The Company is
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.
We expect to complete the
monitoring of the rooftop, loose coupled, ENERTOPIA HEAT
EXTRACTORTM for residential use by the
end of October 2021. These results will verify the increased
PV output, increased hot water output, and the decreased internal
home cooling costs. In the meantime, we are sourcing materials now
for expected residential installs with a planned start date by the end
of the calendar year 2021.
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. We expect to have a report from the
3rd party engineering firm in the
coming weeks.
This report will use the
real-time data that has been collected from the solar array,
showing the loss of PV output due to excessive panel heating. Also
expected is a positive increase in PV output and the projected
extended life of the PV panels due to the use of the ENERTOPIA
SOLAR BOOSTERTM. This testing is
expected to confirm our internal analysis of the energy creation
and added benefit of PV panel cooling, the results of which are
lowered panel heat stress, which in turn increases the effective
life cycle of the panels.
Carbon
Credits
By being able to quantify the
increased clean energy output and offsetting CO2 credits, we will then be able
to provide an update on the potential value of
CO2
credits going
forward. We believe the company will
be able to monetize the increased savings via CO2 carbon credits as part of the
testing via the 3rd party monitoring system. 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.
Clayton Valley
Project Update:
The company is currently
awaiting quotes on a potential drilling program in order to provide a bulk sample of
material for further development work. This would allow us to
advance our
lithium claystone project with a small-scale
pilot plant
located offsite, which is now being reviewed.
"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. There can be no
assurance COVID-19 protocols will not impact expected timelines for
start and or project completion deadlines. 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
Grafico Azioni Enertopia (QB) (USOTC:ENRT)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Enertopia (QB) (USOTC:ENRT)
Storico
Da Dic 2023 a Dic 2024
