EnergyX, Compass Minerals sign MOU for 30,000-tpa Utah lithium DLE plant

Compass Minerals International, Inc.

Compass Minerals International, Inc.

CMP

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  • Compass Minerals entered a memorandum of understanding with EnergyX to evaluate a 30,000-tons-a-year direct lithium extraction and refining project near Utah’s Great Salt Lake.
  • EnergyX plans to fund, build, operate the facility on Compass-owned land, leasing the site and paying a lithium production license fee.
  • EnergyX expects to invest about USD 400 million across two phases, targeting annual revenue of more than USD 600 million at full build-out.
  • The plan contemplates up to 10,000 tons a year from existing ponds in phase one, followed by about 20,000 tons a year from upstream brine concentration ponds.
  • Compass would contribute existing lithium infrastructure, take no capital-cost obligation, and pursue definitive agreements in coming months subject to due diligence and Utah regulatory approvals.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compass Minerals International Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605181100PR_NEWS_USPR_____DA61433) on May 18, 2026, and is solely responsible for the information contained therein.

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