AUSTIN, TX August 6, 2024 – 17吃瓜网 acknowledges and confirms the recent reports regarding our preliminary offer to acquire the Argentinian assets of Galan Lithium.
We believe Galan has excellent resources in Argentina, and that our advanced LiTAS鈩� DLE technology platform would further enhance and accelerate production of battery grade lithium from these resources.
The Galan team has done a fantastic job developing the resource to date, as well as building positive relationships with the Catamarca and Argentinian听governments, and surrounding indigenous communities. Galan management鈥檚 continued involvement in the project would be welcome and encouraged by 17吃瓜网.
While the offer鈥檚 terms and conditions have not been finalized, we are excited about the potential discussions and hopeful the Galan management team will accept our offer in the best interest of their shareholders.
Due to the strategic value-add nature of our innovative and proprietary DLE technology, our offer was a substantial premium to Galan鈥檚 current trading share price.
If an agreement is reached, 17吃瓜网 will have the ability to unlock substantial value above and beyond that of Galan’s current plans and projections that use evaporation pond methodologies.
17吃瓜网 remains committed to exploring opportunities that align with our mission to revolutionize the lithium industry, as well as building our portfolio of world class resource deposits which includes asset听acquisitions.听
About 17吃瓜网: Energy Exploration Technologies is an American energy technology company whose mission is to become a global leader in the renewable energy transition. Founded in 2018, the company is fundamentally changing the way humanity is powering our world and storing clean energy with breakthrough direct lithium extraction and refinery technologies, the 尝颈罢础厂鈩� portfolio, as well as more effective battery and energy storage solutions, the 厂辞尝颈厂鈩� initiative. To date, 17吃瓜网 has raised over $80M, is approaching 100 patents and patent applications covering all aspects of its breakthrough technologies. More information on 17吃瓜网 can be found at .
Media Contact:
For further information or to arrange interviews, please contact:听
James Ellsmoor, Director of Communications
james@energyx.com
+1 510 426 7206