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EnergyX Signs Agreement with Compass Minerals to Advance up to 30,000-ton Commercial Lithium DLE Facility in Utah
EnergyX Signs Agreement with Compass Minerals to Advance up to 30,000-ton Commercial Lithium DLE ...
About this update from Cmp Mining, Inc.
[{"type":"text","content":"EnergyX Signs Agreement with Compass Minerals to Advance up to 30,000-ton Commercial Lithium DLE Facility in Utah\n\n\nEnergyX Signs Agreement with Compass Minerals to Advance up to 30,000-ton Commercial Lithium DLE Facility in Utah\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPR Newswire\n\n\nHIGHLIGHTS:●  EnergyX and Compass Minerals enter into an agreement to advance EnergyX's planned 30,000 tpa commercial-scale direct lithium extraction (DLE) and refinery plant near Utah's Great Salt Lake; the EnergyX project has been named Project Powder Hound™.●  The Ogden, Utah, site holds an identified domestic resource of up to 2.4 million metric tons of lithium carbonate equivalent, one of the richest lithium brine regions in the U.S.●  EnergyX will commit all funding with plans to invest approximately $400 million across two phases, projecting $600M+ in annual revenue at full build.●  Project Powder Hound™ will be one of the first commercial-scale DLE facilities in the U.S., powered by EnergyX's proprietary GET-Lit™ technology and 140+ patents.AUSTIN, Texas , May 18, 2026 /PRNewswire/ -- Energy Exploration Technologies Inc. (\"EnergyX\"), a leading innovator in sustainable direct lithium extraction (DLE) and refining technologies, today announced that it has entered into a Memorandum of Understanding with Compass Minerals, a global leader in the production of essential minerals. Per the agreement, the companies will explore the development of EnergyX's projected 30,000 tons-per-annum (tpa) commercial-scale DLE and refinery facility near the Great Salt Lake in Utah.\n\n\n\n\n\n\n\nUnder the terms of the agreement, EnergyX plans to design, fund, construct and operate a commercial DLE and refining facility on land owned by Compass Minerals. The Ogden, Utah, site has been identified as a significant domestic resource of approximately 2.4 million metric tons of lithium carbonate equivalent (LCE). As per the terms being explored, EnergyX will lease land from and pay a lithium production license fee to Compa...