The transportation industry is undergoing its most significant transformation since the Model T, but a major obstacle stands in its way. A full-scale EV revolution is impossible without abundant lithium. However, the pace at which it is extracted at the moment is simply unsustainable given the skyrocketing EV sales. Whoever cracks this problem could carve a significant portion of the market likely to reach trillions in value. One startup has developed technology to extract lithium from the ground three times faster than currently used methods. General Motors has invested millions in it. The U.S. Department of Energy granted it $5 million and a Nobel Prize-winning inventor of lithium-ion batteries endorsed it. Now, you can also invest in it at $9.50 per share while it’s still private.
The World Depends On this ‘White Petroleum’ a.k.a Lithium
Lithium is the lightest metal, making it an ideal candidate for battery production. This is especially important for EVs, whose mileage dips with every added ounce of weight. However, current technology lacks the capability to meet the increasing demand for this element, often referred to as 'white petroleum.’ Lithium brine recovery is the greenest and fastest way to get battery-grade lithium. Unfortunately, it takes several months to a few years to extract lithium that way.
EnergyX has developed Direct Lithium Extraction (DLE) technology, which operates 300% faster than conventional methods. Traditional extraction methods typically yield only 30% to 40% of lithium from brine, whereas EnergyX's DLE achieves a 90% extraction rate. This achievement has the potential to significantly disrupt one of the world's most crucial markets, and naturally, that didn’t go unnoticed.
In Good Company
Traditional automakers seek to enter the EV market before being left behind in the era of rapid EV adoption. General Motors led a $50 million funding round in EnergyX, hoping to “unlock the North American lithium supply.” The U.S. Department of Energy selected the startup for a $5 million grant to extract lithium from geothermal brine deposits.
John Goodenough, the now-passed inventor of the lithium-ion battery and Nobel Prize laureate in chemistry, endorsed the company's mission to accelerate the transition to greener transportation.
Putting Ideas Into Action
EnergyX’s DLE technology moved beyond blueprints a long time ago. Its pilot plant was successfully installed at the world’s largest lithium reserve. The startup has 100 patents protecting its intellectual property. It has signed multiple strategic partnership contracts with leading lithium producers and recently announced its first acquisition. EnergyX bought 90,000 acres of mining concessions in Chile, where it plans to extract 40,000 metric tons of lithium annually.
What’s Next?
Lithium extraction is just a steppingstone for EnergyX. It is already working on substantial vertical and horizontal integrations which aims to accomplish by 2035, when the energy materials market is projected to hit $546 billion.
Should EnergyX or its competitors go public, the bulk of their rapid growth may have already occurred. However, for a limited time, you have a unique opportunity to own a stake in a lithium extraction company at only $9.50 per share, while it’s still relatively unknown.
“I’d like to once again urge entrepreneurs to enter the lithium refining business. The mining is relatively easy, but the refining is much harder. You can’t lose, it’s a license to print money,” said Elon Musk in a 2022 Tesla earnings call.
Click here to invest in EnergyX.
Disclosure: This is a paid advertisement for EnergyX's Regulation A+ Offering. Please read the offering circular at invest.energyx.com.
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