Enertopia Corp (OTCMKTS:ENRT) shares are up 18.62% to $0.0949 and unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.01 to $0.12. The company has a market cap of $8.07 million at 98.81 million shares outstanding.
In a press release, Enertopia Corp announced that John Thomas Chemical Engineer Ph.D. will join its advisory board. Dr. Thomas is professional engineer, and holds a B.Sc., an M.Sc, and a Ph.D. in chemical engineering from the University of Manchester in the United Kingdom. He has had 43 years of experience in the mining industry and eceived a diploma in accounting and finance from the U.K. Association of Certified Accountants.
“I am extremely pleased to have John Thomas join Enertopia. John’s 40 plus years of world-wide knowledge and experience in chemical engineering will be invaluable to us as we move forward in the second phase bench tests with Genesis Water Technologies Inc,” stated President and CEO of Enertopia Corp Robert McAllister.
For his engagement, Dr. Thomas has been granted of 500,000 options exercisable at a price of $0.10. His experience covers a wide range of activities in the mining industry from process development, management of feasibility studies, engineering and management of construction, and operation of mines.
“This is indeed an exciting time for Enertopia and I look forward to being a part of the team using my skill sets, such as flotation, metallurgy, Preliminary Economic Assessment (PEA) expertise in working with GWT and Enertopia in the lithium recovery process and achieving battery grade lithium carbonate at the end of the process is our collective goal,” said Dr. Thomas.
Enertopia Corp is a development-stage company that is engaged in pursuing business opportunities in various sectors natural resource and technology used in the resource sector. The company operates through two segments: alternative health and wellness, and natural resource acquisitions.
It focuses on a technology used for lithium extraction through brines. The company was a natural resource company and was engaged in the exploration, development and acquisition of natural resources in the United States and Canada.