EnergyX holds grand opening of new lithium innovation headquarters

Founded less than six years ago by entrepreneur and CEO, Teague Egan, EnergyX’s growth has turned heads in the lithium and battery industry. The company initially developed proprietary DLE technology, which goes by the LiTAS™ moniker. This evolved into a suite of technologies, allowing EnergyX to complete an end-to-end extraction and refinery processes to produce battery grade lithium materials.

Earlier this year the company announced its first acquisition of its own lithium mine in Chile ‘Project Black Giant’, following multiple strong pilot plant results in North and South America. Additionally they announced plans for a North American project called ‘Project Lonestar’ based in the TexArkana region. These strategic moves have solidified EnergyX as an end-to-end vertically integrated solution and a key player in the projected US$134 billion lithium industry by 2035.

As part of a broader trajectory of expansion, enabled by a recent US$75 million equity funding, EnergyX’s commitment to rapid commercialisation will see it open two demonstration plants with a targeted 50 – 100 tpy lithium production capacity in Chile and Texas, respectively, in 1H25.

EnergyX’s impressive technology can recover 300% more lithium than conventional methods, with traditional extraction typically yielding only 30 – 40% of lithium from brine. The technology gained traction and recognition within the industry, raising over US$130 million in total equity investments, and being backed by major investors including General Motors, Eni, and POSCO.

With two Tier 1 projects underway, Black Giant in Chile estimated to produce 45 000 tpy of lithium, and Project Lonestar in the US estimated at 25 000 tpy in Phase 1. The company is planning to bring on thousands of new jobs in Chile and the US over the coming years as it scales to commercialisation. The new 40 000 ft2 mixed-use facility in Austin TX will house EnergyX’s innovation lab, global operations controls, DLE production, and consumables manufacturing.

Teague Egan, EnergyX CEO, commented:

“A lot of people out there said we couldn’t do this. A lot of people still think we can’t. Day by day, our team of incredible scientists, engineers, and operators will continue to prove them wrong. This new EnergyX facility is a critical step towards becoming the largest lithium producer in the world, and doing our small part in transitioning the earth to a clean, sustainable energy economy. However, much work still needs to be done, and you can come find me driving innovation right here in Austin.”

Read the article online at: https://www.globalminingreview.com/mining/27112024/energyx-holds-grand-opening-of-new-lithium-innovation-headquarters/