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.
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