Alphaxioms Geothermal News and Related Research Globally

Halliburton  Awarded Lithium Well Project by  GeoFrame Energy   A Major Step Toward Sustainable Lithium and Geothermal Integration By:  Robert Buluma In a groundbreaking development for the U.S. energy sector,  Halliburton (NYSE: HAL) has been awarded a major contract by GeoFrame Energy for a geothermal and Direct Lithium Extraction (DLE) project set to take shape in the Smackover Formation of East Texas. This partnership marks a pivotal moment for both the lithium and geothermal industries, combining innovation, sustainability, and proven engineering expertise. According to the announcement, Halliburton will plan and design the first demonstration phase wells, with work expected to commence in late 2025. The collaboration aims to accelerate the development of America’s domestic lithium production capacity  a critical step as global demand for lithium continues to surge due to the rapid growth of electric vehicles and energy storage systems.  “G...

Cornish Lithium  Secures £35M in Equity Funding  A Milestone for UK Critical Minerals By:  Robert Buluma In a major boost for the UK’s domestic battery supply ambitions,  Cornish Lithium has announced that it has secured £35 million in new equity funding. This capital raise is intended to propel its key projects closer to construction and commercial stages, marking a pivotal moment in the firm’s trajectory. Backing & Investors The funding round is led by existing institutional backers, with up to £31 million coming from the National Wealth Fund (NWF) , and approximately £4 million from TechMet , a long-standing investor in the company. Cornish Lithium’s legal counsel for the deal was Mayer Brown. What the Funds Will Be Used For Cornish Lithium will allocate the capital toward advancing two flagship projects: Trelavour Lithium Project : The funds will support further engineering work, feasibility studies, and help lead the project toward a construction...