Exclusive: General Motors moves deeper into mining with EnergyX …

April 11 (Reuters) - General Motors Co (GM.N) on Tuesday said it will invest in lithium technology startup EnergyX as it expands further into the mining industry, the latest deal by the car maker ...

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General Motors Leads US$50million Investment In Lithium …

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Apr 13, 2023 · Automaker General Motors has announced it is expanding deeper into the mining sectors for critical minerals for electric batteries with its latest investment in privately-owned …

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Exclusive-General Motors Moves Deeper Into Mining With EnergyX …

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Apr 11, 2023 · The EnergyX investment comes after GM in January agreed to pay $650 million to become the largest shareholder in Lithium Americas Corp, which is developing the Thacker …

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General Motors Leads $50M Funding Round In Lithium Startup …

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Apr 11, 2023 · General Motors Company (NYSE: GM) is leading a $50 million Series B financing round in Energy Exploration Technologies Inc (EnergyX), a lithium technology startup. The …

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GM Leads $50 Million Funding Round In EnergyX To Unlock US …

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Apr 15, 2023 · An arrangement allowing General Motors to utilize competitive lithium offtakes for its sole use in the construction of electric vehicles, including raw materials obtained from …

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GM Leads Funding Round In U.S.-based Lithium Extraction Company …

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2023-04-11. Technology. , EVs and batteries. Energy Exploration Technologies Inc. and General Motors today announced that GM Ventures is leading a $50 million Series B financing round in …

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GM Leads $50 Million Funding Round In EnergyX To Unlock U.S.

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Apr 11, 2023 · An agreement enabling GM to access competitive lithium offtakes for GM's exclusive use in EV production, including material sourced from North and South American …

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Struggling To Survive ‘the Valley Of Death,’ Some Of Canada’s …

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1 day ago · General Motors Co. GM-N, for example, has invested close to US$1-billion into Vancouver-based Lithium Americas Corp. LAC-T, which is building a lithium mine in Nevada.

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FAQs about Exclusive: General Motors moves deeper into mining with EnergyX … Coupon?

Why did General Motors invest in energyx?

General Motors Co on Tuesday said it will invest in lithium technology startup EnergyX as it expands further into the mining industry, the latest deal by the car maker to ensure long-term supplies of the metal used to make electric vehicle batteries. ...

Could energyx help GM make North American lithium mining viable?

The auto giant believes that EnergyX's technology could reduce costs enough to make North American lithium mining viable, while minimizing the environmental impact of extracting the mineral. GM will report its first-quarter results before U.S. markets open April 25. ...

What is GM Ventures doing with energyx?

GM Ventures is leading a $50 million funding round for Texas startup EnergyX. EnergyX has developed technology that can extract lithium from brine much more efficiently than current methods. GM will help EnergyX refine and deploy its tech, while getting dibs on lithium from any projects developed by the startup. ...

Will GM help energyx develop a new EV?

GM will help EnergyX refine and deploy its tech, while getting dibs on lithium from any projects developed by the startup. UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. ...

Will GM buy energyx?

Lithium is a critical component in batteries for electric vehicles. Under the deal, GM will also help develop EnergyX's technology and will have first right of refusal to buy lithium from any projects developed by the startup. ...

Can GM extract lithium from brine?

GM is leading a $50 million funding round for Texas startup EnergyX, which has a more efficient and sustainable method to extract lithium from brine. ...