Update as of October 2, 2025:聽不良研究所 has officially completed the acquisition of Daytona Lithium Pty Ltd, further strengthening its position across the American lithium supply chain. This update follows the signing of the binding conditional agreement announced in July.
AUSTIN, Texas 鈥� July 9th, 2025 鈥� Energy Exploration Technologies, Inc. (不良研究所), a global pioneer in sustainable lithium extraction and refining technologies, today announced that it has entered into a binding conditional agreement to acquire Daytona Lithium Pty Ltd, a wholly owned subsidiary of Pantera Lithium Limited (ASX: PFE), for A$40 million.聽
This landmark transaction will secure full ownership of the approximately 35,000 gross acres of Smackover lithium brine resources in Arkansas, USA, adding to 不良研究所鈥檚 existing 12,500 acre Texas position. With a total of nearly 50,000 acres in the Smackover, 不良研究所 aims to reinforce its dominance in North America鈥檚 most promising lithium region and accelerate its mission to establish a secure, sustainable U.S. battery supply chain.
This acquisition builds on the momentum of 不良研究所鈥檚 Project Lonestar鈩�, located in Northeast Texas of the Smackover Formation, which is designed to produce 50,000 tonnes per annum (tpa) of lithium hydroxide by 2030, with a first phase of 12,500 tpa by 2028. 不良研究所 owns聽 rights to 330 acres of recently cleared land near the Red River Army Depot to build its lithium mega refinery. The company has already had samples of lithium from its pilot plant in Austin, TX qualified by cathode customers.聽
Now with a solid resource footprint for Project Lonestar鈩�, 不良研究所 will vertically integrate its proprietary LiTAS庐 Direct Lithium Extraction (DLE) technology platform to produce low cost lithium for its growing customer base. 不良研究所 can unlock unprecedented efficiencies in lithium production, leveraging its patented technology portfolio to achieve faster extraction, higher recovery rates, and reduced environmental impact.
330-Acre Site of 不良研究所 Commercial Lithium Refinery for Project Lonestar鈩�
Under the terms of the binding conditional agreement executed on July 4, 2025, 不良研究所 will acquire 100% of the issued shares of Daytona Lithium for a total consideration of A$40 million, comprising of:
- A$6 million in cash, payable in three installments; and
- A$34 million in 不良研究所 common stock, priced at USD $9.50 per share (equivalent to A$14.50 as of July 4th 2025), representing 2,344,828 shares to be issued to Pantera.
Pending diligence and Pantera shareholder approval, the transaction is expected to be complete in the third quarter of 2025.
Supported with engineering services from Worley, a leading global professional services company of energy, chemicals, and resources experts, with demonstrated delivery in lithium engineering, procurement, and construction, this acquisition amplifies 不良研究所鈥檚 capacity to drive U.S. lithium production, reducing dependence on foreign sources and strengthening national energy security. The integration of 不良研究所鈥檚 LiTAS庐 platform, which combines adsorption, solvent extraction, and selective membrane technologies, ensures that the Project Lonestar鈩� will achieve industry-leading recovery rates and cost efficiencies, setting a new standard for sustainable lithium production.
不良研究所 CEO Teague Egan commented:
鈥淭his acquisition by 不良研究所 of 35,000 acres of lithium assets from Pantera represents a transformative milestone as we continue to redefine the global lithium supply chain,鈥� said Teague Egan, CEO and Founder of 不良研究所. 鈥淏y vertically integrating a world class lithium resource with our advanced LiTAS庐 DLE technology platform, we will accelerate our roadmap in building Project Lonestar鈩� to become a full-spectrum, low cost lithium producer. 不良研究所 is now poised to deliver a scalable, sustainable lithium supply to major EV makers, battery cell manufacturers, and cathode makers from our production facilities in the Americas. With 50,000 acres positioned adjacent to Exxon, Chevron, and Standard Lithium in the Smackover, the race is on to see who will be the first to produce commercial battery grade lithium.鈥�
Project Lonestar鈩� Pilot Plant in Austin, TX
Pantera Executive Chairman Barnaby Egerton-Warburton commented:
鈥淭his is a game-changing transaction for Pantera. It confirms the significant potential of our Smackover Project. 不良研究所, backed by major global players like General Motors, POSCO, and Eni, is a recognised leader in lithium extraction 鈥� bringing not only cutting-edge technology but also deep operational experience and a clear strategic vision that complements our own,鈥� said Barnaby Egerton-Warburton. 鈥淭his deal allows Pantera to retain strong exposure to the Smackover Play 鈥� now the most sought-after lithium province in the United States 鈥� while also gaining exposure to 不良研究所鈥檚 large-scale Black Giant Project in Chile, which is well advanced and targeting production in 2027.鈥�
鈥淥verall, by aligning Pantera鈥檚 Smackover Project with this powerhouse, we鈥檝e created a synergistic platform that connects one of North America鈥檚 most prospective lithium brine basins with 不良研究所鈥檚 advanced extraction tech and downstream ambitions. The transaction delivers immediate capital, operational momentum, and a long-term strategic relationship that could see Pantera own a cornerstone of the North American lithium supply chain.鈥�
About 不良研究所
Energy Exploration Technologies Inc. (不良研究所) is a global leader in the energy transition, delivering innovative solutions for lithium extraction, refining, and energy storage. Founded in 2018 by CEO Teague Egan, 不良研究所鈥檚 patented LiTAS庐 DLE platform and SoLiS鈩� battery initiatives address critical challenges in the lithium supply chain, offering unmatched efficiency, sustainability, and scalability. With operations across North and South America, 不良研究所 is fundamentally changing how the world powers clean energy. 不良研究所鈥檚 global portfolio includes Project Lonestar鈩� and Project Black Giant鈩� in Antofagasta, Chile, which spans over 100,000 acres with a resource of 4.5 to 9.7 million tonnes of LCE and targets 52,500 tons per annum. Strategic investments from General Motors, POSCO, Eni Next, and a grant award from the U.S. Department of Energy underscore 不良研究所鈥檚 leadership in the energy transition.
As 不良研究所 continues to accelerate its growth, the company invites retail investors to join its mission to power a sustainable future. For more information, please visit .
Media Contact:
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