The finished lithium carbonate (Li2CO3) product samples were analyzed via ICP methods by independent third-party labs to test that they met required battery grade 99.5% purity levels by testing for impurities below the maximum allowed limits by weight.
Results showed that battery grade results were not achieved via Genesis Water Technologies' single pass process system for recovery of lithium into Li2CO3.
The company said that after review the technical data from the completed test, the board of directors made a decision to provide Genesis Water Technologies with a 30-day notice of termination of the licensing agreement, which was given today.
Enertopia's technical advisor to take lead
Enertopia's technical advisor, Dr. John Thomas, will now take the lead in ongoing design and testing in the creation of synthetic brine from enriched lithium claystone's on the companies Clayton Valley project and the subsequent conversion to battery grade Li2CO3 and/or LiOH.
"Enertopia looks forward to providing ongoing updates of our technical and project work at our 100% owned Clayton Valley, NV, lithium project. Modern technology is revolutionizing ways to mine and protect our environment," said president and chief executive officer, Robert McAllister.
"Over the past two years I have increased my share position in the Company by 1,980,000 shares and now hold 5,390,000 shares. I look forward to increasing my share ownership as I am confident we are on the right path to success."
The company said that taking back control of the design process will allow it to speed up the testing cycle at a reduced cost, noting that any proprietary design or process that might be patentable going forward will belong to Enertopia.
The firm said it is "very encouraged" by the material project developments by Cypress Development and Noram Ventures, which is adjacent to its project.
"We are further encouraged by our advances, and those of other companies as well, in the recovery of lithium from various depositional environments and its conversion to battery grade carbonate and/or hydroxide materials," it said in a statement.
Shares of Enertopia closed at C$0.08 on Wednesday.