As we close out 2025, I want to share a look back at what has been one of the most influential years in EnergyX’s trajectory. Your support has helped fuel our momentum, and the milestones below highlight how far we have advanced our technology, resource portfolio, and commercial strategy.
This year, we strengthened our position across the lithium supply chain, delivered meaningful technical results, expanded our global footprint, and secured partnerships that support our long-term vision. Here is a snapshot of what we accomplished together.
Q1:
- Pilot Plant Operations in the U.S. and Chile: We achieved consistent lithium production from both pilot plants, a major step toward commercial scale. We began sending lithium samples to prospective customers and received our first qualification from a cathode manufacturer.
- Chile Exploration Success: Our first exploration well returned lithium concentrations above 1,050 mg/L, placing it among the highest recorded globally and validating the strength of our Chilean resource.
- Stock Split: In March, we completed a 2-for-1 stock split that increased share count while maintaining total value for existing shareholders.
- EnergyX at Davos: I represented the company at the World Economic Forum, where lithium supply chain resiliency and the future of energy storage were central themes in global discussions.
Q2:
- Project Black Giant PFS: We finalized the Pre-Feasibility Study for Project Black Giant with validation from Worley and other third parties. The results confirm a high-grade resource with competitive operating costs and significant long-term development potential.
- Fastmarkets Keynote: I delivered the keynote at the Fastmarkets Global Lithium Conference, highlighting our technology pathway and long-term vision for North and South America.
Q3:
- Project Lonestar Expansion: We acquired a 35,000-acre Smackover lithium resource from Pantera Lithium, bringing our total U.S. holdings to nearly 50,000 acres.
- Strategic Financial Support: : We signed an agreement with Goldman Sachs, the renowned global investment bank, to serve as financial advisor on potential investment partnerships for Project Black Giant™. In addition, we received an update signed letter of interest from the U.S. Export-Import Bank representing $690 million in project finance support.
- Opening a New Investment Opportunity: In response to overwhelming investor demand, we launched a new Regulation A retail investment offering in July, bringing the EnergyX mission to an even broader community. We now have more than 40,000 investors backing our vision and fueling the next phase of our growth.
Q4:
- Share Price Increase: Following transformative Q3 developments and rising investor demand, our share price increased from $10/share to $11/share.
- Federal Policy Engagement: Our leadership team met with senior U.S. government officials in Washington, D.C., including U.S. Senator of Texas, Ted Cruz, contributing to national strategy discussions around energy security, supply chain resilience, and next-generation battery materials.
- One Year in the Austin Innovation HQ: On November 21, we celebrated one year in our 40,000 sq ft Austin Innovation HQ, now home to expanded R&D, engineering, and commercialization operations.
These milestones cement EnergyX as a defining force in the global clean energy transition, driving the innovations and breakthroughs that will shape the world’s energy future. As we close out this remarkable year, we already have multiple strategic initiatives in motion, positioning 2026 to be even bigger. I’m thrilled to share this journey with you and I look forward to showing you what’s ahead.
Onward & Upward,
Teague Egan