EnergyX provides customers the most economical lithium extraction process for their resource, and creates sustainable solutions for battery grade lithium material products.

Global Emerging Markets (GEM) has committed an investment of $450 million in lithium and battery technology startup Energy Exploration Technologies (EnergyX). The funds will be used to commercialize the latter’s direct lithium extraction and refining technologies. EnergyX’s LiTAS technology has been tested in the Lithium Triangle in South America and increases lithium production from 30% to 94% of what is normally recovered. (Green Car Congress)

EnergyX

EnergyX was founded in 2018 to address global lithium materials supply chain issues. The firm straddles the entire process from raw battery materials extraction to refining and manufacturing of next generation batteries. The company has filed over 50 patents in this regard.

It is developing its LiTAS and SoLiS technologies, which are designed to improve lithium materials supply chains.

Funding commitment by GEM

EnergyX will control the amount and timing of drawdowns under this $450-million facility without having to make a minimum investment subscription and will offer common stock shares over a 36-month period after a public offering.

GEM, a $3.4 billion alternative investment firm that was founded in 1991, has offices in Paris, New York, and the Bahamas. In addition to overseeing a variety of developing-market investment vehicles, GEM has completed more than 530 deals in 75 nations.

“A tech-heavy ESG company mining in the emerging markets is a rare find,” said Jonathan Collins, Managing Director of The GEM Group.

“From the historic pilot extraction program in Bolivia to the material science patents out of Austin TX, EnergyX is leading the way in maximizing Lithium recovery and asset utilization in an environmentally and socially conscious way,” Collins added.

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