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AUSTIN, Texas — Power Exploration Applied sciences Inc. (EnergyX) has introduced a serious lithium mission in North America, Undertaking Lonestar Lithium. The mission 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 mission 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 Large. In the identical yr, 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 the USA. This plant units the muse for Undertaking Lonestar Lithium.
Undertaking Lonestar Lithium, situated within the “Ark-La-Tex” area, can have a goal lithium manufacturing of 5,000 tons/yr in Part 1, and 25,000 tons/yr in Part 2. At present, the biggest energetic lithium plant within the US produces 5,000 tons/yr, underscoring the huge potential of Undertaking Lonestar to ramp up US lithium manufacturing. Earlier in 2023, EnergyX closed its Sequence B financing from strategic institutional companions together with Common Motors and POSCO, who’ve first rights to parts of EnergyX’s lithium manufacturing offtake.
As EnergyX has been steadily transferring in the direction of commercialization, the corporate has additionally partnered with world-renowned Engineering, Procurement and Development (EPC) Companion, 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 mission, saying “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.”
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 era 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 answer the challenges confronted by lithium producers, together with power effectivity, water conservation, extraction time, and sustainability.
Information courtesy of EnergyX
