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EnergyX Stock (ENRX)

EnergyX is a clean technology company that optimizes the lithium extraction process.

EnergyX is a clean technology company that optimizes the lithium extraction process.

About EnergyX Stock

Founded

2018

Headquarters

Austin, TX, US

Total Funding

65.2M

Industries

Science and Engineering, Energy, Sustainability

EnergyX is a clean tech company developing solid-state electrolyte battery technologies aimed at increasing energy density in advanced battery chemistries. The company's flagship technology, LiTAS, optimizes lithium extraction, reducing costs and improving efficiency. Additionally, EnergyX has developed SoLiS, a battery technology which increases the energy density of batteries. The company claims its technology can recover 300% more lithium than conventional methods.

EnergyX was founded in 2018 and is headquartered in Austin, TX. Notable investors include The Global Emerging Markets Group, General Motors and Obsidian Acquisition Partners. 

Investors in EnergyX

Discover investors in EnergyX stock and explore their portfolio companies

EnergyX Management

Leadership team at EnergyX

Founder and CEO

Teague Egan

CFO

Mayank Sharma

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EnergyX Key Facts

  • Strategic Acquisition to Expand U.S. Lithium Resources: In July 2025, EnergyX announced a binding agreement to acquire Daytona Lithium's 35,000-acre Smackover lithium brine resources in Arkansas. This acquisition, valued at A$40 million ($26.1 million), will increase EnergyX's total acreage in the region to nearly 50,000 acres, positioning it as a dominant player in a key U.S. lithium-rich formation. This move is critical for the company's "Project Lonestar" and its mission to build a secure domestic lithium supply chain.
  • Key Partnerships with Global Industry Leaders: The company has solidified its position in the market with strategic backing from major players in the automotive and industrial sectors. General Motors led a $50 million funding round in 2023, and EnergyX has also secured investments from and partnerships with POSCO and Eni Next. These partnerships not only provide capital but also validate EnergyX's LiTAS® Direct Lithium Extraction (DLE) technology and provide a direct path to market for its future lithium production.
  • Advancing Commercialization and Infrastructure Development: EnergyX is actively moving from a research-focused stage to commercialization. The company opened a new 40,000-square-foot Lithium Innovation Headquarters in Austin, Texas, in late 2024, which serves as a production facility for its DLE technology. This infrastructure, along with its two major projects in North and South America, demonstrates a clear, phased roadmap to bring its technology to market and begin commercial production. 
  • Financial and Technical Hurdles of Scaling: While EnergyX has raised substantial capital, it is currently operating at a significant loss and remains a pre-revenue company. Its core proprietary Direct Lithium Extraction (DLE) technology, while promising in lab settings, has not yet been commercialized at a large scale. The company's own offering statement from 2024 highlights the risk that its technology may not maintain its properties or perform as expected during the scaling process, which is a major hurdle for its ambitious production goals.
  • Geopolitical and Regulatory Risks: EnergyX operates across multiple jurisdictions, including the United States, Chile, and Bolivia, exposing it to political instability and currency fluctuations. The company's dual-continent strategy is designed to mitigate some of this risk, but it also creates exposure to varying regulatory environments. Recent news from Texas and Chile regarding new rules for lithium development and a "National Lithium Strategy" show that the regulatory landscape is in flux, which could impact the company's projects.
  • Intense Competition and Market Volatility: The lithium market is increasingly competitive, with established players and new technology companies targeting rapid scaling and cost efficiencies. If rivals advance similar or better direct lithium extraction (DLE) solutions or form stronger partnerships, EnergyX may face downward pressure on pricing, share, and differentiation despite its innovative technology and global project pipeline.


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