Are Nextchem doing anything ?19 May 2026 19:32
EnergyX targets Utah lithium with Compass Minerals partnership
EnergyX is betting its newly announced Utah venture could become one of the first major commercial lithium production projects in the United States, leveraging an existing brine operation owned by Compass Minerals (NYSE: CMP) to fast-track development.
The company announced Monday it has entered into a Memorandum of Understanding with Compass Minerals to advance the development of EnergyX’s 30,000 tons-per-annum (tpa) commercial-scale direct lithium extraction (DLE) near Great Salt Lake.
Under the terms of the agreement, EnergyX plans to design, fund, construct and operate a commercial DLE and refining facility on land owned by Compass Minerals.