EnergyX Expands Lithium Resources with Recent Acquisition
In a significant move for the lithium industry,
Energy Exploration Technologies, Inc. (EnergyX), a leader in sustainable lithium extraction technologies, has announced its plan to acquire a 35,000-acre lithium mineral deposit from Daytona Lithium Pty Ltd, a subsidiary of Pantera Lithium Limited. This landmark deal is valued at approximately A$40 million and marks a pivotal step for EnergyX in strengthening its leadership role in the U.S. lithium production landscape.
Strategic Enhancement of a Lithium Footprint
The acquisition provides EnergyX full ownership over the expansive lithium brine resources in the Smackover region of Arkansas, adding to its previously controlled 12,500 acres in Texas. With nearly 50,000 acres under its belt, the company aims to bolster its operations in North America’s most promising lithium-producing area, initiating steps toward ensuring a robust, sustainable supply chain for battery production in the United States.
EnergyX's ongoing project, known as Project Lonestar™, is particularly noteworthy. It is projected to yield 50,000 tonnes per annum (tpa) of lithium hydroxide by 2030, starting with an initial goal of 12,500 tpa by 2028. The company is poised to establish a lithium mega refinery on 330 acres of recently cleared land near the strategic Red River Army Depot, with lithium samples from its pilot plant in Austin already validated by cathode customers.
Innovative Technologies at Work
By leveraging its proprietary LiTAS® Direct Lithium Extraction (DLE) technology, EnergyX is set to integrate its resources vertically. This technology uniquely positions the company to produce cost-effective lithium while minimizing environmental impacts. The patented platform combines various extraction methodologies—including adsorption, solvent extraction, and selective membrane technologies—to produce lithium more efficiently than conventional methods.
Under the terms of the agreement finalized on July 4, 2025, EnergyX will pay A$6 million in cash over three installments, while the remainder, A$34 million, will be settled through the issuance of common stock priced at USD $9.50 per share. The transaction is anticipated to conclude in the third quarter of 2025, pending due diligence and shareholder approvals.
A Broader Vision for U.S. Energy Security
This acquisition arrives at a pivotal time as EnergyX, backed by major industry stakeholders, works to reduce the U.S. dependency on foreign lithium suppliers. The integration of the acquired resources with EnergyX's advanced technology promises to set a new benchmark for sustainable lithium production standards. CEO Teague Egan expressed confidence in this venture, noting that it positions EnergyX as a scalable, sustainable contributor to the growing electric vehicle and battery manufacturing sectors.
"This acquisition marks a transformative milestone in our mission to redefine the global lithium supply chain," Egan stated, highlighting the potential for EnergyX to deliver a stable supply of lithium to various major EV manufacturers and battery cell producers from its facilities in the Americas.
The Future of Lithium Production
Pantera’s Executive Chairman Barnaby Egerton-Warburton hailed the deal as a game-changer, underscoring the potential of the Smackover Project. He noted the synergy created by this transaction aligns with EnergyX’s advanced extraction capabilities and strong operational expertise.
The successful execution of this acquisition will significantly enhance EnergyX’s positioning in the lithium brine basins of North America, allowing it to enact a shift toward a self-sufficient and sustainable battery supply chain. As the competition intensifies among key players in the industry, the race is on to see who will ultimately lead in producing commercially viable battery-grade lithium.
About EnergyX
Founded in 2018, EnergyX is revolutionizing the energy transition through innovative lithium extraction and energy storage solutions. Their patented technologies and partnerships, including significant investments from industry giants like General Motors and POSCO, affirm their role as a leader in sustainable energy solutions. With a focus on scaling operations, EnergyX is dedicated to powering a cleaner and more sustainable future. For more information, visit
www.energyx.com.