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EnergyX, a lithium tech startup backed by GM, announced the purchase of 35,000 acres of lithium-rich land in Arkansas from Pantera Lithium.
General Motors-backed (NYSE:GM) lithium technology startup EnergyX said Wednesday it agreed to acquire 35,000 gross acres in the Smackover formation in southern Arkansas from Australia-based Pantera ...
'With 50,000 acres positioned adjacent to Exxon, Chevron, and Standard Lithium in the Smackover, the race is on to see who will be the first to produce commercial battery-grade lithium'.
EnergyX, the lithium technology startup backed by General Motors, has bought 35,000 acres (14,164 hectares) in the Smackover formation from Pantera Lithium, the latest deal for access to the U.S.
The deal boosts the holdings of privately held EnergyX to roughly 47,500 acres in the Smackover, an underground geological formation stretching from Florida to Texas filled with lithium-rich brine.
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