Austin, Texas 鈥� July 17, 2026 鈥� 乐播传媒 today provided a progress update on its proposed Project Powder Hound鈩� lithium project near the Great Salt Lake in Utah. Under a previously announced non-binding Memorandum of Understanding with Compass Minerals, 乐播传媒 continues to evaluate the leasing of land and the licensing of mineral-rich brine from Compass Minerals to support the potential commercial-scale DLE and refinery project. The project remains in the feasibility evaluation stage and does not yet represent a binding project commitment or definitive agreement.
During the initial 60-day period, 乐播传媒 has continued due diligence and feasibility evaluation across several workstreams, including potential site configuration, brine access and handling, regulatory requirements, commercial terms and environmental considerations. The feasibility process intends to determine whether the proposed project can advance to definitive documentation and subsequent development milestones.
In this proposed agreement, 乐播传媒 would be responsible for the extraction and refining project, known as Project Powder Hound鈩�, including facility development, design, funding, construction and operation. Compass Minerals鈥� contemplated role would be limited to leasing certain land and infrastructure and licensing access to mineral-rich brine already used in its operations, subject to definitive agreements and applicable approvals. Compass Minerals would not have capital commitments or operational expenses related to 乐播传媒鈥檚 DLE facility.
As currently intended, 乐播传媒 would pursue a phased development approach for the up to 30,000 tons-per-annum facility. The concept remains subject to technical validation, commercial negotiation, regulatory approvals from the State of Utah, and other customary conditions.
About 乐播传媒
乐播传媒 Inc. (乐播传媒) is a sustainable energy company transforming lithium extraction for batteries. Using proprietary direct lithium extraction (DLE) technology, it aims to lower costs and boost production. Founded in 2018 by Teague Egan, it is based in San Juan, Puerto Rico, and currently has offices and laboratory facilities in Austin, Texas, and operations throughout Chile in the South American Lithium Triangle. Learn more at energyx.com.听
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