Morning all,

Our breakout alert today is ENRT, one of our favorite multiple time winners.

This morning ENRT announced some big news that we think will be the catalyst for the extended chart breakout, check it out...

Enertopia Announces Closed Definitive Agreement in Lithium Exploration

VANCOUVER, BC / ACCESSWIRE / May 12, 2016 / Enertopia Corporation (ENRT) (CSE:TOP) (the "Company" or "Enertopia") announces that it has closed the Definitive Agreement for the acquisition of the Lithium brine exploration claims to be known as the Central Nevada Lithium Brine Project currently covering 2,560 acres.

The Company is pleased to announce that it closed the Definitive Agreement on May 12, 2016 with the Vendor respecting the option to purchase a 100% interest in approximately 2,560 acres of placer mining claims in Churchill, Lander and Nye Counties Nevada, USA. These placer mining claims are subject to a 1.5% NSR from commercial production with the Company able to buy back the NSR at the rate of $500,000 per 0.5% NSR.

Since the 1950s 3rd party geological studies and work have provided technical data that several basins in Nevada contain elevated levels of Lithium. Clayton Valley is currently the only Lithium brine producing mining location in America. While doing our due diligence it became apparent that several other closed basins were good exploration candidates with the potential to host brine deposits that, to our knowledge, have never been drilled for lithium.

The Central Nevada Lithium Brine Project covers three basins with elevated surface Lithium (Li) samples that were reported in a 1976 USGS report (Lithium in sediments and rocks in Nevada, 1976, Bohanan and Meier, U.S. Geological Survey). All three basins exhibit six key exploration metrics for the ability to host an enriched Lithium brine deposit:

1) Closed Basin to retain potential Lithium enriched fluid
2) Lithium Bearing Source rocks
3) Geothermal Clusters providing heat source for cycling brine fluids
4) Multiple Tertiary Calderas providing potentially enriched Lithium Ash deposits
5) Gravity Low indicating deep basin for hosting brine aquifers
6) High evaporation to precipitation climate

The claim blocks in each basin are situated over the basin lows and should be situated above any potential Lithium brine deposit. The three basin valleys that the Company has staked claims are Edwards Valley at 418 square miles, Smith Valley at 583 square miles and Big Smoky Valley at 1,315 square miles. For comparison Clayton Valley has a footprint of 566 square miles.

For further information on the Central Nevada Lithium Brine Project please visitwww.enertopia.com/lithium-project/

Upon execution of the Definitive Agreement, the Company paid USD$12,000 to the Vendor and issued 3,500,000 shares as directed on closing. In order to earn its 100% interest, the Company is required to make remaining cash payments of USD$33,500 over one year and issue up to an additional 3,000,000 success shares based on the successful drilling of a Lithium enriched brine aquifer with a minimum Lithium average content of 300 ppm over 100 feet of liquid brine reservoir.

The Company looks forward to the exploration and drilling phase on the Central Nevada Lithium Brine Project and providing project updates on a continuous basis as exploration unfolds, said Robert McAllister, President.

The Company announces that the President has exercised 240,000 common stock options at 5 cents each for net proceeds of $12,000 dollars to the Company.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Qualified person:

The technical data in this news release has been reviewed by Douglas Wood, P.Geol a qualified person under the terms of NI 43-101.

Read in full at http://finance.yahoo.com/news/enertopia-announces-closed-definitive-agreement-100000311.html


All the best in the markets today.

Shiznit


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Hello fellow investors / traders,

Today's play was just ok, yes there were opportunities to buy the dip and bank anywhere from 5-15%, but that's just peanuts in the scheme of things.

We want to aim for big double or triple digit winners, so we are going back to a familiar play tomorrow morning. One that has delivered multiple times for us over the past year or so.
 
Tomorrow's play recently broke out on big news, and we are expecting another major announcement in the morning that could send this flying. As you can see below, the chart is extremely bullish and ready to explode.


 
And Barchart.com agrees, check this strong bullish rating out...



 
All will be revealed tomorrow morning, so make sure you keep a close eye out on my update in the morning.