Benzinga Money is a reader-supported publication. We may earn a commission from advertisers linked to this article. Read our advertiser disclosure.
What do electric cars, energy storage systems and a smartphone have in common? All of its batteries use lithium, a natural mineral that is seeing increasing demand from manufacturers around the world.
Unlike other natural resources, the challenge of meeting this multibillion-dollar demand lies not in finding enough of it — it is the 16th most common element found in the Earth’s crust — but in the extraction process. Traditional methods take up to 18 months and recover only 30% of the lithium found in salt lakes or other minerals.
Energy X Not only has it developed a better extraction process that recovers three times the amount of lithium in a fraction of the time, it has also partnered with top industry leaders to position them to become a global leader in the energy storage market, which is expected to reach $546 billion by 2035.
They are backed by General Motors, and recently received a $5 million grant from the US Department of Energy to extract lithium from geothermal brines. They also recently acquired approximately 50,000 gross acres in the United States and 100,000 acres of lithium mining rights in Chile where they are actively building one of the largest lithium production facilities in the country.
Participate in Energy X Growth by investing today. Minimum investments start from $1000.
Closing the lithium supply gap
Globally, less than 300,000 metric tons of lithium are extracted each year using older methods. With the growing popularity of electric vehicles and rechargeable batteries, demand for lithium is rapidly approaching that number and is expected to grow to 5 million metric tons by 2040.
Energy X Lithium-ion transfer and separation (LiTAS®) technology is a true “salt battery” solution. It can recover more than 90% of the lithium in days – not months – compared to just 30% using older methods. This means extracting lithium faster, more efficiently and with one of the lowest capital costs the industry has to offer, when compared to established industry leaders.
This technology is backed by over 120 patents and uses all three categories of direct lithium extraction (DLE).
With support from global leaders
Founded in 2018, Energy X It has proven itself by collaborating with industry leaders in the electric vehicle, power and battery production markets. Among their partners:
- GM: GM led EnergyX’s $50 million Series B offering and holds the rights to purchase lithium supplies. GM plans to provide about 400,000 tons of lithium annually by 2035 to support the production of its electric vehicles.
- Eni: Eni, a global energy company with annual revenues of approximately $100 billion, is helping EnergyX evaluate lithium projects and apply its DLE technology to large-scale refining operations.
- Bosco: POSCO, one of the largest producers of battery materials, is developing a $4 billion lithium project with partnership rights with EnergyX as part of an expansion of its global supply chain.
Be part of EnergyX’s growth
Energy X It has secured global partners, completed breakthrough technology development, and validated its lithium project in Chile through an independent study. The more than 100,000-acre owned lithium concessions are expected to support an estimated 52,500 tons per year of lithium production, and are located near existing rail, solar and desalination infrastructure.
Now, they’re expanding into commercial production. A $10 million pilot plant is currently under construction in East Texas with $5 million support from the U.S. Department of Energy. Their $700 million commercial plant is expected to become one of the largest lithium production facilities in the country, and is expected to generate $100 million+ in regional economic growth and 200 full-time jobs.
This is your chance to join them at a key stage in their growth. Join over 40,000 people today as an early-stage EnergyX investor.
Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Benzinga to disseminate this message in connection with EnergyX’s ongoing Regulation A offering. Benzinga has been paid in cash and may receive additional compensation. Benzinga and/or its affiliates do not currently own EnergyX securities.
This compensation and any current or future ownership interest may create a conflict of interest. Please consider this disclosure in conjunction with EnergyX’s presentation materials. EnergyX’s Offer A has been qualified by the Securities and Exchange Commission (SEC). Offers and sales may only be made through a qualifying offer circular. Before investing, carefully review the offer circular, including the risk factors. Circular offer is available at investment.energyx.com/.
Comparisons with other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfalls are forward-looking estimates and are subject to a significant amount of uncertainty.
Benzinga is compensated to publish this content. Please read our 17B Disclosures here.
Disclaimer: Please be aware that alternative investments carry the risk of financial loss. Neither Benzinga nor its employees recommend that you buy, sell, or hold any security. We do not provide investment advice, personal or otherwise. All information on this website is provided as general commentary for informational and entertainment purposes and does not constitute investment advice. Benzinga will not be liable for any loss or damage, including, without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information, whether specifically set out in the above Terms of Service or otherwise. Benzinga recommends conducting your own due diligence and consulting a certified financial professional for personalized advice about your financial situation.
