Compass Minerals and EnergyX Partner for Utah Lithium
Compass Minerals is partnering with EnergyX to extract lithium from Utah's Great Salt Lake. EnergyX will invest 400 million dollars to begin output by 2030.
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Compass Minerals International and EnergyX signed a deal to extract lithium from the Great Salt Lake via a $400 million investment. Lithium prices rose 75% in 2024 as the United States pushes for increased domestic mineral production. The partnership allows Compass to monetize existing brine assets while EnergyX assumes all operational and regulatory risks.
