EnergyX Smackover lithium acquisition secures 35,000 acres for brine growth

EnergyX

EnergyX Smackover lithium acquisition expands its Arkansas brine position. EnergyX Smackover lithium acquisition adds Daytona Lithium’s 35,000 gross acres. The EnergyX Smackover lithium acquisition lifts the total footprint near 50,000 acres.

Deal terms and acreage expansion

EnergyX will acquire Daytona Lithium for A$40 million, or about $26 million. The package includes A$6 million cash and A$34 million stock. The new acreage sits beside Exxon, Chevron, and Standard Lithium. Proximity may speed data sharing, services access, and infrastructure tie-ins.

Integration strategy and project timeline

EnergyX plans vertical integration using proprietary direct lithium extraction technology. The strategy targets lower costs and faster commercialization in brines. Project Lonestar aims for 50,000 t/y lithium hydroxide by 2030. The initial phase plans 12,500 t/y by 2028. The combined Arkansas and Texas assets support phased scaling and financing clarity.

The Metalnomist Commentary

EnergyX is buying optionality while locking future feed for its hydroxide plans. Success rests on DLE performance, brine chemistry, and midstream partnerships. Watch pilot recoveries, power contracts, and offtake progress through 2028.