Direct lithium extraction company EnergyX secures $20M in funding commitments
Direct lithium extraction (DLE) technology company Energy Exploration Technologies Inc. (EnergyX) has secured commitments of $20 million in financing. The company said that the funding makes it the highest-valued direct lithium extraction technology company on the market.
In 2020, EnergyX announced a pilot partnership with Orocobre Limited (earlier post) to deliver high-quality and comprehensive solutions that will lead to a cleaner, more efficient lithium extraction. On 19 April, Orocobre announced a $4-billion merger with Galaxy Resources to create a lithium major. (Earlier post.) EnergyX and Orocobre plan to deploy their pilots in the near future.