Kess Energy, a key player in Brazil’s junior lithium mining sector, today announced its intent to pursue acquisition opportunities with smaller competitors, capitalizing on what it describes as a “temporary softening in lithium prices” to strengthen its position and drive consolidation in the industry. This strategic initiative reflects Kess Energy's commitment to sustainable growth and operational efficiency in the dynamic lithium market.

As global demand for lithium continues to grow, the current dip in prices has created a favorable environment for strategic acquisitions. By consolidating resources, Kess Energy seeks to enhance its production capacity and to better position itself to meet the anticipated surge in demand from the electric vehicle and renewable energy sectors. This move is expected to improve efficiencies, reduce costs, and reinforce the company’s resilience amid market fluctuations.

"We see this as an ideal time to pursue potential acquisitions that align with our vision for sustainable growth," said Kess Energy Chairman, Inato Ramirez.

"We genuinely believe that combining our resources with those of a complementary partner would allow us to maximize production efficiencies and strengthen our supply chain while supporting Brazil’s growing prominence in the global lithium supply."

The acquisition strategy supports Kess Energy's broader goal of contributing to the energy transition by building a more robust lithium supply chain. The company, which is sitting on a substantial “war chest” says it is actively evaluating candidates for acquisition and will prioritize partnerships that align with its commitment to responsible and sustainable mining practices.