CO2 Energy Transition Corp. signed a non-binding Letter of Intent to enter into a business combination with a Texas-based oil and gas company focused on lithium and strontium recovery from subsurface brines. The target company intends to leverage existing natural gas assets and oilfield infrastructure to produce lithium and strontium for defense applications and energy transition needs. The parties aim to negotiate and enter into definitive agreements by September 16, 2026. CO2 Energy Transition Corp. is a special purpose acquisition company focused on the energy transition sector.