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PREPAID FOR LITHIUM TECHNOLOGY
12 Months Ended
Aug. 31, 2016
PREPAID FOR LITHIUM TECHNOLOGY [Text Block]
8.

PREPAID FOR LITHIUM TECHNOLOGY

On August 15, 2016 a binding Letter of Intent (“LOI’) was signed by Enertopia and Genesis Water Technologies, Inc. ("GWT") with regard to the acquisition by Enertopia of the exclusive worldwide licensing rights (the "Licensing Rights") by Enertopia of all of the technology used in the process of recovering and extraction of battery grade lithium carbonate powder Li2CO3 grading 99.5% or higher purity from brine solutions.

Upon the execution of this LOI, Enertopia issued 250,000 common shares valued at $12,500 to GWT. As at November 23, 2016, final terms of definitive agreement are still under negotiations.