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AUSTIN, Texas — Power Exploration Applied sciences Inc. (EnergyX) has introduced a serious lithium undertaking in North America, Undertaking Lonestar Lithium. The undertaking goals to solidify EnergyX’s place as a pacesetter within the world power transition and bid to assist safe the US battery provide chain.
That is the second main lithium undertaking announcement for EnergyX, who in 2023 acquired 90,000 acres of lithium mining concessions in Chile, the second largest lithium producing nation on the earth, and launched Undertaking Black Big. In the identical 12 months, the US Division of Power chosen EnergyX for a $5 million grant, with a $5 million firm match, to construct an indication plant to provide lithium hydroxide from geothermal brines in america. This plant units the inspiration for Undertaking Lonestar Lithium.
Undertaking Lonestar Lithium, situated within the “Ark-La-Tex” area, could have a goal lithium manufacturing of 5,000 tons/12 months in Part 1, and 25,000 tons/12 months in Part 2. At present, the most important energetic lithium plant within the US produces 5,000 tons/12 months, underscoring the huge potential of Undertaking Lonestar to ramp up US lithium manufacturing. Earlier in 2023, EnergyX closed its Collection B financing from strategic institutional companions together with Basic Motors and POSCO, who’ve first rights to parts of EnergyX’s lithium manufacturing offtake.
As EnergyX has been steadily shifting in the direction of commercialization, the corporate has additionally partnered with world-renowned Engineering, Procurement and Development (EPC) Accomplice, Kiewet, to undertake the preliminary entrance finish engineering plans of Undertaking Lonestar, and to assist improve the scalability and effectivity of EnergyX’s suite of LiTAS™ DLE lithium applied sciences.
EnergyX CEO Teague Egan commented on the undertaking, saying “Undertaking Lonestar Lithium will take us one step nearer to securing the US battery provide chain.” Teague continued, “This has been a very long time within the making, and we nonetheless have an extended strategy to go, however it’s essential that US-based firms actually deal with growing home sources to cut back our reliance on exterior, offshore suppliers for vital components like lithium. With unimaginable authorities and undertaking associate help, we’re excited as Undertaking Lonestar takes form.”
About EnergyX
Based in 2018, EnergyX is targeted on offering environment friendly, sustainable options to challenges going through world lithium provide chains. From the uncooked battery supplies extraction course of to refining, and the manufacturing of subsequent technology batteries, EnergyX is innovating from lithium brine to battery. The corporate has filed almost 100 patents to this point, and is growing its proprietary LiTAS™ suite of DLE applied sciences to reply to the challenges confronted by lithium producers, together with power effectivity, water conservation, extraction time, and sustainability.
Information courtesy of EnergyX
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