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.