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Enertopia fully focused on lithium after change of tack

Tuesday, November 29, 2016 8:17
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(Before It's News)

Lithium explorer and extraction technology group Enertopia Corp (CNSX:TOP) sharply reduced its losses in the year to August just ended.

Enertopia has been adding to its exploration acreage in Nevada over the past year ahead of the expected upsurge in demand for the metal for electric cars and battery storage.

Over the past year it also signed a letter of intent for a new lithium–from-brine extraction technology.

The deficit for the year to August was US$525,000 (US$1.15mln), with most of the reduction the result of a $771,000 drop in consulting and advertising costs following its move into lithium and away from women’s products.

Story by ProactiveInvestors

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