EnergyX, founded by Teague Egan in 2018, develops advanced lithium production and critical mineral supply chain infrastructure. The company deploys its GET-Lit™ Direct Lithium Extraction technology platform, which it states is supported by over 150 patents. EnergyX is leading Project Black Giant™ in Antofagasta, Chile, which is planned to produce 52,500 tpa of lithium carbonate across two phases and may be expanded through additional phases. In July 2026 EnergyX announced a $225 million strategic equity investment from Eni into Project Black Giant™ and has a $690 million debt financing LOI from the U.S. EXIM Bank for commercialization and operation. Eni’s investment includes offtake rights with an option to lift 25% of the project’s lithium materials. The company is associated with operations or offices in Santiago, Chile and Austin, Texas.

Total raised

$820M

Funding rounds

5

Latest round

Equity

Latest activity

Jul 2026