Enertopia Corporation (CNSX:TOP, OTCMKTS:ENRT) shot up more than 6% on Thursday as the company announced the start of its lithium recovery bench test and provided a 2017 update.
It has commenced along the lines detailed last month.
Results of the bench test will be released upon third party verification by an independent lab analysis. Enertopia and Genesis Water Technologies Inc. (GWT) believe the lithium processing technology that is being used could change dramatically the current footprint in the lithium industry.
Enertopia and GWT, a leading North American company in the field of water treatment and brine recovery, are working to evaluate the feasibility of recovering lithium from brine with specialized recovery technology.
“While we all eagerly await the bench test results in the coming weeks, the Company is hard at work mapping out the next steps for project advancement and corporate development.” Said Enertopia President and CEO Robert McAllister
2017 Lithium Market Update
While 2016 saw the emergence of the growing Electric Vehicle (EV) demand and it’s resulting positive effect on Lithium demand and sharply rising prices. Several Analysts predict the convergence of EV’s with driverless vehicles to accelerate the demand growth in the Lithium sector. On January 3rd, auto maker Ford announced a new $700mln Assembly Plant to create a factory capable of producing high-tech electrified and autonomous vehicles. Ford also announced it would launch fully electric SUV with an estimated range of at least 300 miles and two new electrified police vehicles.
Recent news on the lithium technology brine recovery side from Pure Energy and MGX Minerals (CNSX:XMG) show how technology is changing the Lithium brine mining recovery focus and the market acceptance of these new and emerging technologies.
Now for the first time, the market place is beginning to grasp the importance of the convergence in EV’s, artificial intelligence for autonomous vehicles and emerging new lithium recovery technologies that when combined are changing and will change the way our society moves around and the very positive effect this will have on our world.
“Enertopia looks forward in receiving the results of the bench test analysis. We are continuing our ongoing exploration work at our three Nevada Lithium brine projects and continued due diligence in the mineral sector. Modern technology is revolutionizing ways and providing a better way to mine and protect our environment. We are enthusiastic in becoming leaders in this evolution,” said McAllister.
Enertopia shares were up 6.4% at $0.03 on Thursday.
Story by ProactiveInvestors