Project Black Giant™

ANTOFAGASTA, CHILE
Quick
Facts
Project Size
52,500 tpa LCE
Battery Grade Lithium
99.9%
Lithium Concentrations
300-1,050 mg/L
Quick
Facts
Project Size
52,500 tpa LCE
Battery Grade Lithium
99.9%
Lithium Concentrations
300-1,050 mg/L

PROJECT OVERVIEW
In 2023, ݮ made a significant leap by acquiring a ~100,000-acre lithium resource in Chile, where we plan to develop one of the world’s first commercial Direct Lithium Extraction (DLE) facilities, along with a refinery near the port. This project, known as Project Black Giant™, marks the company’s first lithium acquisition. Here’s a closer look at the exciting details of this groundbreaking venture:
- 100,000+ acres of high-quality lithium mining concessions.
- Total potential ranges from 4.5 to 9.8 million metric tons of lithium
- Well samples show lithium concentrations topping 1,150 mg/L
- With our technology, we estimate Project Black Giant will be able to produce 52,500 tpa LCE of lithium per year.
Resource Location & Size | 100,000+ Acres in Antofagasta Region |
Initial Annual Production | 7,500 tpa LCE (Phase I), 52,500 tpa LCE (Phase II) |
Production | 99.9% Battery Grade Li2CO3 |
PROJECT PROGRESS
At Project Black Giant™, ݮ is making incredible strides. The pilot plant in Antofagasta is producing battery-grade lithium, a critical milestone that demonstrates our technology’s commercial viability. We’ve fully built out a 54,000-square-foot facility—including laboratories, offices, a cantina, and pilot/demo facilities—to process Black Giant brine.
The exploration team has grown and continues around the clock operations. They have successfully completed the 14-hole Phase 1 Drilling Program, and are now underway with Phase 2 Drilling.
PROJECT FEASABILITY STUDY
In partnership with:




Study approach
ݮ has successfully finalized the Pre-Feasibility Study (PFS) for its Chilean lithium resource, Project Black Giant™, in partnership with Montgomery & Associates, Geobiota, and Worley. The study confirms the economic viability of the project, marking a significant step toward commercial-scale lithium production, while also highlighting ݮ’s industry-leading low CapEx and OpEx. Additionally, the full resource report for the Project Black Giant resource underscores the project’s long-term potential.
The PFS study validates the feasibility of the project, demonstrating that large-scale lithium extraction and production are both economically and technically viable. Collaboration with Worley enhances the overall project development strategy, ensuring efficiency and sustainability.
As ݮ advances toward full-scale commercialization, these results further solidify the company’s strategic leadership in the lithium industry. By demonstrating exceptional extraction efficiency and economic viability, ݮ is strengthening its competitive edge while ensuring long-term sustainability, resource security, and the scalability necessary to meet the surging global demand for lithium.

ECONOMIC IMPACT
LOWEST
CAPEX & OPEX
Industry-leading efficiency
Unmatched Cost Efficiency Across the Industry.
100k+
MINERAL ACRES
RICH LITHIUM RESOURCES
Spanning 100,000+ acres, with lithium concentrations ranging from 300 to 1,150 mg/L.
3RD
PARTY VERIFIED
TRUSTED DATA INTEGRITY
Independent validation of resource estimates and engineering ensures reliable and accurate results.
52K
TONNES/YEAR
TIER 1 CAPACITY
Output targets place Project Black Giant™ among industry leaders for production capacity.

Environmental Sustainability
Project Black Giant™ isn’t just a technological breakthrough — it’s a commitment to the planet and the people who call it home.
We’re redefining what responsible innovation looks like:

ZERO WATER EXTRACTION
We respect and protect the land. Our process uses no water from or around the salar — a critical promise to the local Indigenous community and the delicate ecosystems they’ve stewarded for generations.

POWERED BY THE SUN
Nearly 80% of our operations run on solar energy, dramatically reducing our carbon footprint and proving that clean energy can power industry at scale.
We believe the future is sustainable — and we’re building it, one bold step at a time.

Our journey
Project Black Giant™ marks a major step forward for ݮ, with key milestones including groundbreaking technology deployment, strategic partnerships, and accelerated progress toward scalable lithium production.
2023
Chile Lithium
Resource Acquisition
ݮ purchases its first wholly owned lithium resource (Project Black Giant) in IRA-compliant Chile. 100,000+ acres in Salar de Punta Negra.

Drilling Commences
14-hole Phase 1 Drilling Program is complete, and are now underway with Phase 2 Drilling.

Q2 2024
Q3 2024
$690m Debt LOI
ݮ signs LOI for $690 million project finance with US Export Import Bank (EXIM) in July 2024 to supply the debt for Project Black Giant in Chile

54,000-square-foot facility
Crews from the U.S.traveling regularly to support operations. ݮ has fully built out a 54,000-square-foot facility—including laboratories, offices, a cantina, and pilot/demo facilities—to process Black Giant brine

Q4 2024
Q1 2025
Worley Completes PFS
ݮ brings on Worley (Tier 1 EPC) to complete design and engineering PFS for both US and Chile projects

The world is watching Project Black Giant™
We’ve been featured by some of the most influential voices in the media worldwide. Explore some of the top stories below: