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GM invests $50 million in direct lithium extraction tech firm

Kitco Media
By Kitco News
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General Motors announced yesterday that it is investing $50 million in Energy Exploration Technologies (EnergyX).

EnergyX's direct lithium extraction technology portfolio can extract lithium metal directly from brine, which enables more cost-effective and sustainable lithium recovery.

The companies said that the deal includes three components: a technology development program to support commercialization of EnergyX's advanced DLE and refinery processes, an agreement enabling GM to access competitive lithium offtakes for GM's exclusive use in EV production, and additional strategic financing for lithium production projects in North and South America, using EnergyX's technology to drive potential supply chain opportunities for GM.

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