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EnergyX announces major lithium development in North America

Published by , Editor
Global Mining Review,

Energy Exploration Technologies Inc. (EnergyX) has announced a major lithium project in North America, Project Lonestar Lithium. The project aims to solidify EnergyX’s position as a leader in the global energy transition and bid to help secure the US battery supply chain.

EnergyX announces major lithium development in North America

This is the second major lithium project announcement for EnergyX, who in 2023 acquired 90 000 acres of lithium mining concessions in Chile, the second largest lithium producing country in the world, and launched Project Black Giant. In the same year, the US Department of Energy selected EnergyX for a US$5 million grant, with a US$5 million company match, to build a demonstration plant to produce lithium hydroxide from geothermal brines in the US. This plant sets the foundation for Project Lonestar Lithium.

Project Lonestar Lithium, located in the ‘Ark-La-Tex’ region, will have a target lithium production of 5000 tpy in Phase 1, and 25 000 tpy in Phase 2. Currently, the largest active lithium plant in the US produces 5000 tpy, underscoring the vast potential of Project Lonestar to ramp up US lithium production. Earlier in 2023, EnergyX closed its Series B financing from strategic institutional partners including General Motors and POSCO, who have first rights to portions of EnergyX’s lithium production offtake.

As EnergyX has been steadily moving towards commercialisation, the company has also partnered with world-renowned engineering, procurement and construction (EPC) partner, Kiewet, to undertake the initial front end engineering plans of Project Lonestar, and to help enhance the scalability and efficiency of EnergyX’s suite of LiTAS™ DLE lithium technologies.

Teague Egan, EnergyX CEO, comments:

“Project Lonestar Lithium will take us one step closer to securing the US battery supply chain.” Teague continued, “This has been a long time in the making, and we still have a long way to go, but it is crucial that US-based companies really focus on developing domestic resources to reduce our reliance on external, offshore suppliers for critical elements like lithium. With incredible government and project partner support, we are excited as Project Lonestar takes shape.”

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US mining news Lithium mining news North American mining news