CO2 Energy Transition Signs LOI for Lithium/Strontium Recovery
CO2 Energy Transition Corp. announced it has signed a non-binding Letter of Intent for an initial business combination with a Texas-based operating oil and gas company. The target company plans to recover lithium and strontium from subsurface brines, leveraging its existing natural gas assets and oilfield infrastructure. This initiative aims to advance domestic critical mineral production, particularly for defense applications, with definitive agreements expected by September 16, 2026.
Key Highlights
- CO2 Energy Transition Corp. signed a non-binding Letter of Intent for an initial business combination.
- The LOI is with a Texas-based energy company focused on lithium and strontium recovery.
- The target company plans to recover lithium and strontium from subsurface brines.
- This initiative leverages existing natural gas assets and oilfield infrastructure.
- Aims to produce strontium ferrite magnet materials for defense applications.
- Definitive agreements are intended to be signed by September 16, 2026.
Price Impact
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