Northwire Canada EditionSunday, July 12, 2026
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M&A / Property

Enertopia Announces Corporate Update

ENRT · Price

Executive Summary

  • Enertopia Corporation has entered into an agreement to sell its West Tonopah lithium project in Nevada to American Battery Technology Company for $500,000 USD.
  • The buyer will also refund a $5,596 USD property bond held by the Nevada Division of Minerals to Enertopia.
  • Closing is expected on or about January 20, 2026, providing additional capital for Enertopia to pursue other exploration and mining opportunities leveraging its patented technology.

Key Details

  • Transaction: Sale of West Tonopah lithium project (NV).
  • Buyer: American Battery Technology Company (ABAT).
  • Purchase Price: $500,000 USD payable to Enertopia.
  • Bond Refund: ABAT will refund the Nevada Division of Minerals property bond in the amount of $5,596 USD to Enertopia.
  • Execution Date: January 15, 2026.
  • Anticipated Closing: On or around January 20, 2026.
  • No Finder’s Fees: The agreement specifies that no finder’s fees are payable.
  • Strategic Rationale: Sale follows extensive cash‑flow analysis of the lithium market; proceeds will fund exploration of other industrial or metallic projects synergistic with Enertopia’s patented technology stack.
  • CEO Quote: “We would also like to thank the American Battery Technology Team for its efforts in moving the Li project forward,” – Robert McAllister, CEO.

Notable Quotes

  • “We would also like to thank the American Battery Technology Team for its efforts in moving the Li project forward.” – Robert McAllister, CEO, Enertopia Corporation
Read the original news release →

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