The firm has around 160 acres of claims at the Nevada lithium mining hotspot.
READ: Enertopia Corp shares set to delist from the Canadian Securities Exchange; still mulling options
In a statement on Thursday, Enertopia said it had inked a 1% royalty agreement on any future commercial lithium production in exchange for US$200,000.
"The company is extremely pleased that it has completed this non-dilutive $200,000 USD financing in its next step to move the project and other company endeavors forward," it added.
There is no affiliate relationship between Enertopia and the royalty holder, it added.
The next plan for Clayton Valley is to commission an 43-101 report to show the size and grade of the deposit
"After that, our plan is to resume leach testing by putting the lithium enriched claystone into solution, which allows us to create a purer lithium brine solution for further processing using Ion exchange (IX) resins," the firm said.
Yesterday, Enertopia said it was in early talks about joint ventures and alliances which will monetize future production from the project.
"I am excited about today’s news and we will continue to put news updates out as soon as possible as we move forward to reach our milestones,” said CEO and President Robert McAllister.
The firm also reported it had struck a deal with Flathead Business Solutions for marketing, advertising, and social media communications, designed to provide improved visibility for its current and planned operations.
Shares in New York nudged up nearly 3% to $0.014.