EnergyX's Big Lithium Move 🔋

The
Daily Trade

Hey Daily Traders,

EnergyX is making waves with its strategic acquisition of Daytona Lithium Pty Ltd, securing a substantial lithium brine resource in Arkansas. This A$40 million deal not only strengthens EnergyX's Project Lonestar™ but also promises to enhance lithium extraction efficiency through their LiTAS® technology, underscoring a pivotal moment in sustainable battery supply chains.

Meanwhile, silver shines brightly amid economic uncertainties, with prices soaring to a 13-year high. The surge highlights shifting investment dynamics, as global demand varies, presenting both risks and opportunities for savvy investors. In the tech sphere, Covasant Technologies' merger with konaAI and DCube Data Sciences Corp signals a transformative leap in AI-driven risk management, positioning them at the forefront of enterprise governance innovation.


Here's what's happening today:

  • 🔋 EnergyX to acquire major lithium deposit
  • 🥈 Silver investment hits 13-year high
  • 🤝 Covasant merges with AI firms for risk management
  • 🎁 +10 more business & investing news stories you might like
  • 📊 +4 technical analysis results

Question

Do you believe EnergyX’s acquisition will significantly impact the U.S. lithium market, or is the focus on sustainable extraction technology more crucial for future growth?

Reply to this email with your answer

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Energy

Energy Exploration Technologies, Inc. (EnergyX) has announced a landmark agreement to acquire Daytona Lithium Pty Ltd, securing ownership of a 35,000-acre lithium brine resource in Arkansas. This acquisition, valued at A$40 million, positions EnergyX to enhance its dominance in the U.S. lithium market. With this addition, EnergyX aims to bolster its Project Lonestar™ and reinforce its sustainable battery supply chain.

The acquisition includes integration of their LiTAS® Direct Lithium Extraction technology, promising increased extraction efficiency and reduced environmental impact. EnergyX's CEO, Teague Egan, emphasizes the strategic move as a milestone in redefining the global lithium supply chain. This transaction is expected to close in Q3 2025, pending due diligence and shareholder approval.

Key Takeaway
  • EnergyX's acquisition significantly boosts its lithium production capabilities, aligning with the growing demand for sustainable energy solutions.
  • Investors may find opportunities as EnergyX strengthens its position in the competitive lithium market.
Commodities

Silver investments have reached new heights as geopolitical tensions and economic uncertainties drive demand. The Silver Institute reports a 25% rise in silver prices in the first half of 2025, marking its highest level in 13 years. Silver-backed exchange-traded products also saw significant inflows, reflecting bullish market sentiment.

Retail investment trends vary globally, with strong growth in Europe and India, contrasting with a decline in the U.S. The market's reaction to potential price increases above $40 remains uncertain, presenting both risks and opportunities for investors.

Key Takeaway
  • The surge in silver investment highlights its appeal as a safe-haven asset amidst global uncertainties.
  • Investors may consider silver as a hedge against economic volatility, but should be mindful of regional demand variations.
Technology

Covasant Technologies has announced a strategic merger with konaAI and DCube Data Sciences Corp to form a new entity focused on Agentic AI solutions for enterprise risk management. This merger brings together expertise in AI-driven compliance, cybersecurity, and eDiscovery, positioning Covasant as a leader in enterprise governance innovation.

The leadership team, comprising industry veterans, aims to offer comprehensive solutions that address complex risk challenges. With a projected increase in AI adoption, Covasant's unified platform seeks to capitalize on the growing demand for integrated AI solutions in risk and compliance management.

Key Takeaway
  • Covasant's merger represents a significant step in AI-driven enterprise risk management.
  • Investors may find opportunities in the expanding AI market, particularly in sectors requiring robust compliance and cybersecurity solutions.

More Business & Investing news


  • 💼 Spartan Capital closes $1.5M offering for Lixte (Link)
  • 🔄 First Northwest Bancorp announces CEO transition (Link)
  • 📈 89bio announces inducement grants (Link)
  • 💰 AZZ reports strong fiscal Q1 earnings (Link)
  • 📉 Altria stock declines amid negative coverage (Link)
  • 🚗 Trinity Capital invests $35M in INSHUR (Link)
  • 🌿 THC Therapeutics acquires SugarTop Buddery (Link)
  • 🌱 Ohio homesteaders turn yards into food sources (Link)
  • 🔒 Calamos launches Bitcoin ETFs with protection (Link)
  • 🔋 EnergyX acquires Smackover lithium deposit (Link)

Today's Technical Analysis



Overvalued
SAN
Banco Santander S.A.
Volume: 10.19M shares | Price: $8.88

Technical Indicator Score: 100% Sell
Out of the 8 technical indicators used to analyze this stock, 8 indicated sell signals.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Sell
ULTOSC
Sell
STOCH
Sell

Overvalued
BLK
Blackrock, Inc.
Volume: 337.47K shares | Price: $1,088.75

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Hold
ULTOSC
Sell
STOCH
Sell

Overvalued
CGDV
Capital Group Dividend Value ETF
Volume: 4.48M shares | Price: $40.42

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Hold
ULTOSC
Sell
STOCH
Sell

Overvalued
WYNN
Wynn Resorts Ltd
Volume: 1.84M shares | Price: $110.08

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Hold
ULTOSC
Sell
STOCH
Sell

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Technical Indicator Information

Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30

Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20

Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80

Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75

Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal

Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20

Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100

Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band

Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price

Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0

Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30

Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI

Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25

Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.

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