Strategic Partnership with Equinor
Announced a strategic partnership with Equinor, viewed as a validation of the company's progress and a strong signal of its future potential.
DOE Grant Finalization
Finalized a $225 million grant from the Department of Energy, indicating strong governmental support for the Southwest Arkansas project.
Successful DLE Technology Pilot
Field pilot testing of DLE technology in Southwest Arkansas surpassed key performance metrics, with over 99% lithium recovery.
Resource Expansion in East Texas
Secured significant lease positions over 185,000 acres in East Texas, with plans to publish a maiden inferred resource report.
Cost Management and Operational Efficiency
Reduced total quarter-over-quarter burn rate by approximately $6 million due to cost discipline and streamlined processes.