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EnergyX unveils new production facility in Austin, Texas

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EnergyX unveils new production facility in Austin, Texas


EnergyX has reached a noteworthy milestone as it surpasses 100 team members worldwide, with 80% based in the US – and will soon open its additional 40 000 ft2 production facility in Austin, Texas.

This news comes on the heels of securing an additional US$50 million in capital through its Regulation A fundraise, marking a significant step in the company’s rapid expansion and continued development of sustainable lithium extraction technology and next-generation solid-state battery technology.

Founded less than 6 years ago by entrepreneur Teague Egan, EnergyX’s growth has turned heads in the lithium and battery industry. The company initially developed proprietary Direct Lithium Extraction (DLE) technology, which goes by the LiTAS™ moniker. This evolved into a suite of technologies allowing EnergyX to complete an end-to-end extraction and refinery process to produce battery grade lithium materials.

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A further strategic pivot saw the company start acquiring its own lithium mines in 2023, following multiple strong pilot plant results in North and South America. The move positioned EnergyX to emerge as a major player in the projected US$134 billion lithium industry by 2035.

EnergyX’s impressive technology can recover 300% more lithium than conventional methods, with traditional extraction typically yielding only 30% to 40% of lithium from brine, whereas EnergyX’s DLE achieves a 90%+ extraction rate. The technology gained traction and recognition within the industry, raising over US$110 million total in investments, and being backed by major investors including General Motors, Eni, and POSCO.

With two Tier 1 projects underway – Black Giant in Chile estimated to produce 40 000 tpy of lithium, and Project Lonestar in the US estimated at 25 000 tpy, the company is planning to bring on hundreds of new jobs over the 100-headcount threshold. The new 40 000 ft2 mixed-use facility in Austin TX will house EnergyX’s innovation lab, global operations controls, DLE production, and warehouse.

EnergyX CEO Teague Egan commented: “We are thrilled to be adding so many incredible scientists, engineers, and operators to the EnergyX team. While I tried to keep the headcount under 100 for as long as possible, each individual is a major contributor to our execution plans… As we transition from research to commercialisation, the most exciting parts are ahead of us”.

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Read the article online at: https://www.globalminingreview.com/mining/08102024/energyx-unveils-new-production-facility-in-austin-texas/





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Austin, TX

No shots fired at Rodeo Austin, crowd panic triggered by fight between minors

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No shots fired at Rodeo Austin, crowd panic triggered by fight between minors


Rodeo Austin and the Travis County Sheriff’s Office cleared up confusion after a scare in the rodeo’s carnival area Tuesday night.

Deputies and multiple law enforcement agencies working off-duty at the event received reports of shots fired around 9:20 p.m. after a large crowd began running and dispersing from the carnival area. Investigators found no guns, no evidence of gunshots and no injuries, the sheriff’s office said.

ALSO | Deadly SE Austin fire that killed three children has estimated $120k worth of damages

The incident was later determined to have started as a physical altercation between minors.

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In a statement, Rodeo Austin said on-site law enforcement responded quickly to defuse the situation:

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“On Tuesday night, during the $2 Tuesday promotion, a disturbance occurred in the carnival area, which caused confusion for attendees. Rodeo Austin’s on-site law enforcement responded quickly to help defuse the situation and ensure all guests were safe. There is no evidence of any gun shots fired at the event. We will continue to work diligently with law enforcement and our full safety team to ensure Rodeo Austin is a safe environment for all attendees,” a spokesperson said.



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Austin, TX

Rents in this Texas city among biggest decreases in country, report says

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Rents in this Texas city among biggest decreases in country, report says


Photo: Julius Shieh (FOX 7 Austin)

Texas rent prices have been declining faster than the national average, a new report says, and one major city in particular is leading the charge. 

New rent price study

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After a steep climb in nationwide rent prices following the COVID-19 pandemic, the numbers have been either staying flat or slowly decreasing across the country year by year since then, according to a new study released by ApartmentList.com. 

Texas prices have been declining at an annual rate of about 2.9% on average since 2021, the report says. In comparison, the nation’s prices decreased by 1.5% as a whole in the past year. 

Austin sees sharpest drop

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Austin has seen the nation’s fastest drop among comparably-sized cities, the report says, with a 5.9% decrease in the past year. It’s down a total of 20% since its peak in 2022. 

The report says the city is also significant for permitting new homes at the fastest pace of any large metro in the country, indicating the impact of new supply on softening rents. San Antonio is similar in this regard, the report says. 

Photo: Julius Shieh (FOX 7 Austin)

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Cities with fastest growth

The other side:

On the reverse, Virginia Beach, VA saw the fastest growth in the nation over the past year with 5.3%. 

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Two Bay Area metros, San Francisco and San Jose, were next in line for fastest growth. The report says this is largely due to the AI boom and steep climb in tech jobs in the area. 

San-Francisco-Golden-Gate-bridge.jpg

FILE-View of the Golden Gate Bridge from Marine Headlands with San Francisco, California, USA in the background. (Wolfgang Kaehler/LightRocket via Getty Images)

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The Source: Information in this article comes from ApartmentList.com.

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Award-winning Austin brunch spot opens in West Highland

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Award-winning Austin brunch spot opens in West Highland


An Austin diner is launching its first location outside of Central Texas in Denver’s West Highland neighborhood this week, breathing life into an ample corner property amid mounds of cheddar hashbrowns and biscuits.



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