EnergyX Acquires Land in Lithium-Rich Region, Expanding Holdings to 47,500 Acres

Published: Jul 11, 2025 15:43

Save

EnergyX, a lithium technology startup invested in by General Motors, recently acquired 35,000 acres of land in the Smackover Formation in the US from Pantera Lithium, increasing its total holding area in this lithium-rich region to approximately 47,500 acres. The region spans from Florida to Texas and is estimated to have lithium reserves exceeding 4 million mt, capable of meeting the demand for millions of EVs.
The transaction was valued at AUD 40 million (approximately USD 26.1 million), including AUD 6 million in cash and 2.3 million shares of EnergyX stock (valued at AUD 14.5 per share). Upon completion of the transaction, Australia's Pantera will become a minority shareholder of EnergyX. EnergyX is also constructing a lithium refinery in Texas, with plans to achieve an annual production capacity of 12,500 mt by 2028 and expand it to 30,000 mt by 2030.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

20 hours ago

In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.

According to the latest data from the Passenger Car Association, in December 2025, producers with new energy wholesale sales exceeding 10,000 units accounted for 93% of the total wholesale sales of passenger NEVs that month. Based on preliminary January data, these producers achieved sales of 830,000 units in January. As most producers have already locked in their major sales figures, by applying the structural proportion from the previous month to the current month's data, the estimated wholesale sales of passenger NEVs nationwide in January were 900,000 units. According to comprehensive preliminary monthly association data: the estimated wholesale sales of NEVs by national passenger car producers in January 2026 were 900,000 units, up 1% YoY.

20 hours ago

CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.

据中国汽车工业协会整理的海关总署数据显示，2025年12月，汽车整车进口3.0万辆，环比下降30.4%，同比下降56.1%；进口金额14.7亿美元，环比下降23.6%，同比下降52.5%。2025年，汽车整车进口47.6万辆，同比下降32.4%；进口金额236.4亿美元，同比下降39.7%。

20 hours ago

Canada Announces New EV Strategy, to Collaborate with China

According to CCTV News, on February 5, Canadian Prime Minister Mark Carney announced a new electric vehicle strategy, including the reinstatement of car purchase subsidies, and stated that Canada will cooperate with China to promote the local production and export of EVs in Canada. According to a statement released by the Prime Minister's Office of Canada, the country will make full use of existing and newly established trade agreements, including a recently reached EV cooperation agreement with China, to facilitate large-scale investment in this sector, diversify Canada’s automotive export markets, and position Canada as one of the global leaders in the electric vehicle industry.

20 hours ago