EnergyX Makes Move to Purchase Galan's Lithium Assets in Argentina

EnergyX has formally acknowledged regarding its preliminary proposal to acquire Galan Lithium's assets in Argentina. The company recognizes the high value of Galan’s resources in the region and is confident that integrating these assets with its advanced LiTAS™ DLE technology platform will greatly enhance production capabilities. By leveraging this state-of-the-art technology, EnergyX aims to accelerate the extraction and processing of battery-grade lithium, positioning itself as a leader in the lithium production industry.

The Galan team has made significant progress in developing the resource and fostering strong relationships with the Catamarca and Argentinian governments, as well as with local indigenous communities. EnergyX highly values these achievements and would welcome ongoing involvement from Galan’s management in the project. Although the terms and conditions of the offer are still being finalized, EnergyX is enthusiastic about the potential for further discussions. The company hopes that the Galan management team will consider the offer favorably, keeping in mind the best interests of their shareholders and the future success of the project.

Given the strategic advantages of EnergyX's innovative and proprietary DLE technology, the company’s offer represents a significant premium over Galan’s current trading share price. Should an agreement be finalized, EnergyX is poised to unlock considerable additional value compared to Galan’s existing plans, which rely on traditional evaporation pond methods. EnergyX is dedicated to advancing its mission to transform the lithium industry and expanding its portfolio with top-tier resource deposits, including through strategic asset acquisitions that align with its vision and growth objectives.

In conclusion, EnergyX's strategic offer to acquire Galan Lithium's Argentinian assets reflects its commitment to leveraging advanced technology for significant value creation in the lithium sector. By recognizing the successful groundwork laid by Galan and valuing their continued involvement, EnergyX aims to enhance production capabilities and deliver superior results compared to traditional methods. The substantial premium offered highlights EnergyX’s dedication to advancing its mission and expanding its resource portfolio.

EnergyX is a dynamic technology company at the forefront of the global energy transition. Established in 2018 with a vision of reshaping how humanity generates and stores clean energy, the company has rapidly emerged as a leader in its field. EnergyX's proprietary LiTAS™ technology represents a paradigm shift in lithium extraction and refining, offering a more efficient, sustainable, and scalable approach to securing this critical battery component. In parallel, the company's SoLiS™ initiative is developing advanced battery and energy storage solutions to complement its lithium extraction capabilities. With a robust intellectual property portfolio and substantial financial backing, EnergyX is well-positioned to accelerate the adoption of renewable energy sources and contribute significantly to a decarbonized future.