Enertopia to sell West Tonopah to American Battery

Executive Summary

• Enertopia Corp. has agreed to sell its West Tonopah lithium project in Nevada to American Battery Technology Company (ABAT).
• The transaction involves a sale price of $500,000 USD and the refund of a $5,596 USD property bond.
• The sale allows Enertopia to reallocate capital toward other industrial or metallic exploration opportunities synergistic with its patented technology.

Key Details

• Transaction Structure: Sale of the West Tonopah lithium project located near Tonopah, Nevada.
• Buyer: American Battery Technology Company (ABAT).
• Consideration: $500,000 (U.S.) cash payment to Enertopia.
• Additional Terms: ABAT will refund the property bond held by the Nevada Division of Minerals in the amount of $5,596 (U.S.) to Enertopia.
• Finders' Fees: No finders' fees are payable in connection with the agreement.
• Timeline: The agreement was executed on January 15; the anticipated closing is expected on or around January 20, 2026.
• Strategic Rationale: Enertopia conducted an extensive cash flow analysis of the lithium market, input costs, and expenditures, determining that selling the project was in the best interest of the company. The proceeds will fund exploration of other opportunities synergistic with Enertopia's patented technology stack.

Notable Quotes

• "We would also like to thank the American Battery Technology team for its efforts in moving the lithium project forward," stated Enertopia chief executive officer Robert McAllister.