Enertopia Corp (CSE:TOP, OTCQB:ENRT) updated on the lithium brine testing from samples taken from its Clayton Valley project in Nevada, saying it expected all product assays by the end of this month (June), sending shares higher.
Engineering partner Genesis Technologies has been performing various extraction tests using synthetic brines created from samples from the project.
"Enertopia looks forward to providing updates in the coming weeks as to the results of the bench test analysis and our ongoing project work at our 100% owned Clayton Valley, NV, Lithium project, as well as continuing due diligence in the technology and mineral sectors," said the chief executive at Enertopia Robert McAllister.
"Modern technology is revolutionizing ways to mine and protect our environment. We are enthusiastic about becoming leaders in this evolution," he added.
Enertopia told investors Monday that the final test samples were shipped by courier on 1 June 2018, to the respective third party labs.
"The company anticipates being in receipt of all the processed synthetic lithium brine and the dried Li2CO3 product assays by the end of June."
The firm added it was currently compiling data for its first drill programme as this will be necessary for selecting the location of source rock for its proposed pilot plant.
"Other preliminary work includes the review of onsite or offsite processing of the material for the pilot plant and pilot plant location. Due to the excellent infrastructure in the area, the company has several options that are currently being explored.
"The company is pleased to announce it has made all BLM claim payments with respect to the Companies placer and load claims at Clayton, Valley Nevada for the 2019 fiscal year starting September 1st, 2018," it added.
Enertopia shares in Toronto advanced over 7% to C$0.075 in early deals.