Lithium Project Black Giant will draw up to $225 million from a $40 billion energy giant
When a $40 billion energy company agrees to invest up to a quarter of a billion dollars for a minority stake in one project – and then locks in the right to purchase 25% of everything that project produces – they are telling you something important about the technology, the economics, and the urgency of the supply crisis.
That is exactly what Eni just did.
They are investing up to $225 million in equity into Project Black Giant™ – a 100,000-acre lithium asset in Chile sitting on up to 9.8 million tons of verified resource. Goldman Sachs advised the deal.
Engineering by Worley confirmed production costs at under $3,000 per ton, in a market where lithium trades at $25,000. At full production of 52,500 tons per year, the project is expected to generate roughly $1.3 billion in annual gross revenue. The U.S. EXIM Bank has issued a $690 million financing commitment on top of Eni's equity.
And this is just one asset owned by one company.
On U.S. soil, this same company has built a $30 million extraction plant in Texarkana, Texas – now producing battery-grade lithium – with a commercial-scale target projecting another $1 billion a year in revenue. They hold 150-plus patents on the extraction technology behind both operations.
General Motors led a $50 million investment. POSCO and the Department of Energy followed. And now Eni has committed a quarter of a billion dollars into its Chilean project.
Invest alongside Eni and GM before this round closes.
Energy Exploration Technologies, Inc. (“we”, “us”, “our”, and “EnergyX” is conducting an offering of securities pursuant to Regulation A of the Securities Act of 1933, as amended. An offering statement covering this offering has been qualified by the U.S. Securities and Exchange Commission (the “SEC”). Neither this communication nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any of our securities by our company or any third party. Offers and sales of the securities are being made solely by means of the qualified offering circular. Investing in our securities involves significant risks. Before investing, you should consult with your financial advisor, accountant, and/or attorney legal, and carefully review the qualified offering circular (including the “Risk Factors” section) and any offering circular supplements.
The most recent qualified offering circular is available at https://www.sec.gov/Archives/edgar/data/1830166/000149315226017123/form253g2.htm. The most recent qualified offering circular and any supplements can also be found on the SEC’s EDGAR filing database, available at www.sec.gov/edgar/search/. Prospective investors should note that neither the SEC nor any federal or state securities commission or regulatory authority has approved or recommended our securities or determined that our offering circular is truthful or complete. Any representation to the contrary is unlawful. We are not a broker-dealer or investment adviser registered under the Securities Exchange Act of 1934 or the Investment Advisers Act of 1940. No communication made by us or any of our affiliates, through this communication or any other medium, should be construed as a recommendation to purchase, sell, or hold any securities, or as investment, tax, financial, accounting, legal, regulatory, or compliance advice. Neither this communication nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any of our securities by our company or any third party. The content presented here is provided for general information purposes only and is not intended to solicit the purchase of securities or to be used as investment, legal or tax advice. Statement Regarding Forward-Looking Statements The information presented herein may include forward-looking statements, estimates, or projections regarding our anticipated future performance. If present, these statements are subject to risks, uncertainties, and assumptions. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “future” or “continue”, the negative of these terms, and other comparable terminology. Such forward-looking statements are based on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Reform Act of 1995. These statements, estimates and projections, if any, are based upon various assumptions made concerning our anticipated results and industry trends, which may or may not occur. We are not making any representations as to the accuracy of any such forward-looking statements, estimates or projections. Our actual performance may be materially different from any such statements, estimates or projections. We are under no duty to update any of these forward-looking statements to conform them to actual results or revised expectations.