CO2 Energy Transition Corp. signs LOI for business combination with Texas energy company for lithium and strontium

CO2 Energy Transition Corp.

Non-binding LOI signed with Texas-based operating oil and gas company for initial business combination.
Target plans to recover lithium and strontium from subsurface brines produced from its own leased wells.
Target leverages existing natural gas assets and oilfield infrastructure for three-prong revenue model.
Long-term vision includes domestic strontium ferrite magnet production for defense applications like one-way drones.
Parties aim to negotiate definitive agreements by September 16, 2026, subject to due diligence and approvals.

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