Enertopia Announces Corporate Update

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