US-based EnergyX has secured US$225 million of project equity funding for its proposed circa-$1 billion Black Giant lithium venture in Chile’s Antofagasta region, adding Italian energy company Eni’s investment to the $690 million US Export-Import Bank financing commitment announced last year. EnergyX, also advancing Smackover basin direct lithium extraction (DLE) projects in the US, says Eni is acquiring 25% of Black Giant and getting rights to buy up to 25% of future lithium output.