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CO2 Energy Transition Signs LOI with Texas Oil and Gas Company

CO2 Energy Transition announced the signing of a non-binding Letter of Intent with a Texas-based operating oil and gas company with a track record of unconventional natural resource development in the United States. The target plans to recover lithium and strontium from subsurface brines produced from its own leased wells to support domestic critical mineral production and energy independence. This initiative leverages the target company's existing natural gas assets and oilfield infrastructure to create a three-prong revenue model - combining natural gas production with lithium and strontium recovery. This approach is designed to deliver increased revenue per barrel and provide downside protection against lithium price volatility. The target company plans to utilize proven extraction technologies in its processing plants in the near term while advancing longer-term process improvements. A core element of the long-term vision is producing low-cost strontium ferrite magnet materials domestically - enabling a "wellbore to weapons" advantage over traditional "mine to magnets" supply chains.