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EnergyX raises $20 million for lithium extraction tech

Admin
Apr 12, 2022 Precious Metals News Comments Off on EnergyX raises $20 million for lithium extraction tech



Energy Exploration Technologies (EnergyX) said today that it secured commitments of $20 million in financing.


Funds will be used to advance the company direct lithium extraction technology. EnergyX said that the funds were raised earlier this year.


“EnergyX has always strived to become a leading figure in the global transition towards renewable energy. As the world forms a united effort towards sustainable development, EnergyX, along with its new partners and strategic investors including Obsidian Acquisition Partners, Helios Capital, and the University of Texas, hope to build a strong platform that binds together industry, academia, and natural resource management,” wrote the company in a news release.


Last year EnergyX signed a letter of intent with Orocobre to implement direct lithium technology.








Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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