Lithium focused Enertopia Corp (CNSX:TOP, OTCMKTS: ENRT) says it's excited about the progress made in 2017 as it outlined a timeline of key steps in 2018.
It was 18 months ago that the firm began research efforts to recover battery grade lithium via advanced technologies in renewable energy, water filtration, and associated technologies..
Engineering partner Genesis Water Technologies (GWT), since September, has been assessing data obtained from the first bench test results.
A second phase $200,000 pre-paid bench test has now completed the technical design phase with over 1,500 hours of team efforts.
This second phase test will use synthetic brine solutions created from the surface samples from the two bulk samples taken at Enertopia's Clayton Valley project in Nevada - a lithium mining hotspot.
When all labs results have been received Enertopia will provide an update.
The estimated timeline of next steps is:
January - Bench test build out
February - Preparation of synthetic brines
March - April - Bench testing of synthetic lithium brines
May - Final laboratory lithium recovery and Li2CO3 grade results
Enertopia's chief executive Robert McAllister said: "We are excited about the progress made in 2017 and look forward to achieving our primary focus of perfecting technologies to produce battery-grade Lithium Carbonate."
Over the past year, the firm noted, the technology for lithium batteries, EV’s, Autonomous vehicles and other associated technologies continue to converge and strengthen.
In November, automobile giant General Motors said that by the end of 2019 it will be mass-producing fully autonomous electric cars.
This year, Grandview Research Inc said they expect the lithium Ion market to reach US$93.1 billion by 2025, growing at a CAGR (compound annual growth rate) of 17%.
For comparison last year, the lithium Ion market had sales of US$22.8bn.