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Enertopia Corp

Enertopia expects lithium test results in early August; receives short-term loan

Enertopia President Robert McAllister is extending the company a short-term loan of C$20,000 ahead of expected lithium solution test results from Clayton Valley project

nevada
The lithium company’s flagship asset is the Clayton Valley brine project in Nevada

Enertopia Corporation (CSE:TOP) (OTCMKTS:ENRT) announced Friday that President Robert McAllister is extending the company a short-term loan of C$20,000 ahead of expected lithium solution test results.

The Kelowna, British Columbia-based company said that it expects the next set of test results to be received in early August from a third-party laboratory.

READ: Enertopia extends testing for Clayton Valley lithium project after latest batch of positive findings

The company is running tests on grain sizing and lithium grades per grain sizing, pre-strip and reagent testing on impurity levels from drilled horizons at the project.

The loan provides for a 10% annual interest and is repayable in 90 days, according to a statement from Enertopia.

The lithium company’s flagship asset is the Clayton Valley brine project in Nevada, located near Albermarle’s Silver Peak lithium mine.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

 

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Price: $0.02

Market: CSE
Market Cap: $2.55 m
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Enertopia expects lithium brine results by end of June

Enertopia Corp (CSE:TOP, OTCQB:ENRT) CEO Robert McAllister provided investors with the latest update on its lithium brine testing and work at the Clayton Valley project in Nevada. McAllister says the lithium sector is the fastest-growing resource sector of size, and he says demand will be...

on 16/6/18

2 min read