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Web2 days ago · GM invests millions in EnergyX to unlock North American lithium supply via sustainable extraction. General Motors announced that GM Ventures is leading a $50 million Series B financing round in ... WebApr 11, 2024 · The collaboration is focused on unlocking the North American supply of lithium, ... land and water usage as compared to the current extraction and processing process for brine-based lithium. We are excited to be partnered with EnergyX on their efforts." In 2024, EnergyX became the first firm to design, build and commission an in … did jesus have a house on earth
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WebSep 8, 2024 · Just a single week’s worth of water from hydraulic fracturing in Texas’ Eagle Ford Shale has the potential to produce enough lithium for 300 electric vehicle batteries or 1.7 million smartphones, the researchers said. This example shows the scale of opportunities for this new technique to vastly increase lithium supply and lower costs for ... WebApr 12, 2024 · General Motors’ (GM) unit GM Ventures is leading a $50m Series B investment round for lithium extraction start-up Energy Exploration Technologies (EnergyX). GM looks to develop EnergyX’s lithium extraction and refinery technology as part of a partnership that aims to unlock North American lithium supplies for electric vehicle (EV) … WebNov 2, 2024 · Another reason to make brine is to lower material costs. The practice of applying brine already offers a cost savings, as it can reduce salt usage. But, of course, when you make your own materials, you forgo any margin an outside vendor will naturally add to the purchase price. One ton of rock salt, at $60 per ton, can produce 870 gallons … did jesus have a church