TechMet and Schlumberger to invest in EnergySource Minerals.

TechMet, a private company that invests across the Li-ion battery metal supply chain, including production, processing, and recycling, and Schlumberger, a provider of technology to the global energy industry, agreed to invest in EnergySource Minerals, a privately held company leading the development of Project ATLiS—a premier lithium project. Financial terms were not disclosed. "We need a monumental ramp-up of lithium production to meet the global demand from EVs and the renewable energy transition. EnergySource Minerals' pioneering DLE technology has the potential to scale lithium production globally while minimizing environmental impacts and we are hugely excited to be supporting the development of its first commercial operation on the Salton Sea," Brian Menell, TechMet Chairman and CEO.