On July 2, 2026, Russia launched one of its deadliest aerial assaults on Kyiv since the full-scale invasion of Ukraine began in 2022. According to Ukrainian officials, the attack involved approximately 500 drones and more than 70 missiles, including ballistic and cruise missiles, striking Ukraine’s capital and several other regions. 

Although many of the drones and missiles were destroyed before reaching their targets, numerous projectiles struck residential neighborhoods, commercial buildings, hospitals, and critical infrastructure throughout Kyiv. At least 20 civilians were killed, more than 90 were injured, and rescue workers continued searching damaged buildings for survivors after the attack.

The Russian attack on Kyiv demonstrates that the war remains highly active despite repeated international efforts to negotiate a ceasefire. Rather than moving toward a diplomatic settlement, both Russia and Ukraine have expanded the geographic scope of the conflict. Ukraine has increasingly used long-range drones to strike military and energy targets deep inside Russia, disrupting fuel supplies and damaging strategic facilities…

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Battery grade lithium carbonate has roughly doubled over the past year, to around $20,000 a ton, near three year highs, as supply tightened and demand from EVs, grid storage, and AI data centers surged. Morgan Stanley now forecasts a global lithium deficit in 2026.

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Russia has responded by launching increasingly large missile and drone barrages designed to overwhelm Ukrainian air defenses and place additional pressure on the Ukrainian government and civilian population. While Ukraine has targeted Russia’s energy production sector, Russia has, in turn, focused its efforts on Ukraine’s capital and critical infrastructure, such as power stations and roadways. Both sides are now seeking to inflict as much damage as they can on each other’s infrastructure.

Russian officials claimed the strikes were directed at military and defense-related facilities and described the operation as retaliation for recent Ukrainian drone attacks on Russian territory, including strikes against oil refineries and transportation infrastructure. Ukrainian authorities, however, stated that the overwhelming majority of the damage occurred in civilian areas, with apartment buildings, hotels, research facilities, and public infrastructure suffering extensive destruction.

Neither side currently appears close to achieving a decisive military victory. Russia continues to possess the capacity to launch massive aerial attacks despite years of sanctions and battlefield losses, while Ukraine has demonstrated that it can strike targets hundreds of miles inside Russian territory. The result is a prolonged war of attrition in which both countries are attempting to exhaust the other’s military resources, economy, and public morale.

Drones have become the weapon of choice for both sides, but in Ukraine, the production and distribution of drones have become a truly national effort. Drones are produced in ordinary homes, while command and control centers are often located in residential buildings. Because of the high involvement of civilians in the production and distribution of drones, Russian targeting of those locations has likely increased the number of Ukrainian civilians being killed or wounded.

The widespread and frequent use of drones by both sides is likely a primary factor prolonging the war between Russia and Ukraine. Without low-cost, plentiful, and easy to use drones, it is possible both sides would have been forced to either curtail combat operations or stop fighting altogether by now.

*Disclaimer: Energy Exploration Technologies, Inc. (“we”, “us”, “our”, and “EnergyX” is conducting an offering of securities pursuant to Regulation A of the Securities Act of 1933, as amended. An offering statement covering this offering has been qualified by the U.S. Securities and Exchange Commission (the “SEC”). Neither this communication nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any of our securities by our company or any third party. Offers and sales of the securities are being made solely by means of the qualified offering circular. Investing in our securities involves significant risks. Before investing, you should consult with your financial advisor, accountant, and/or attorney legal, and carefully review the qualified offering circular (including the “Risk Factors” section) and any offering circular supplements.

The most recent qualified offering circular is available at https://www.sec.gov/Archives/edgar/data/1830166/000149315226017123/form253g2.htm. The most recent qualified offering circular and any supplements can also be found on the SEC’s EDGAR filing database, available at www.sec.gov/edgar/search/. Prospective investors should note that neither the SEC nor any federal or state securities commission or regulatory authority has approved or recommended our securities or determined that our offering circular is truthful or complete. Any representation to the contrary is unlawful. We are not a broker-dealer or investment adviser registered under the Securities Exchange Act of 1934 or the Investment Advisers Act of 1940. No communication made by us or any of our affiliates, through this communication or any other medium, should be construed as a recommendation to purchase, sell, or hold any securities, or as investment, tax, financial, accounting, legal, regulatory, or compliance advice. Neither this communication nor any of its content constitutes an offer to sell, solicitation of an offer to buy or a recommendation for any of our securities by our company or any third party. The content presented here is provided for general information purposes only and is not intended to solicit the purchase of securities or to be used as investment, legal or tax advice. Statement Regarding Forward-Looking Statements The information presented herein may include forward-looking statements, estimates, or projections regarding our anticipated future performance. If present, these statements are subject to risks, uncertainties, and assumptions. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “future” or “continue”, the negative of these terms, and other comparable terminology. Such forward-looking statements are based on current plans, estimates and expectations and are made pursuant to the Private Securities Litigation Reform Act of 1995. These statements, estimates and projections, if any, are based upon various assumptions made concerning our anticipated results and industry trends, which may or may not occur. We are not making any representations as to the accuracy of any such forward-looking statements, estimates or projections. Our actual performance may be materially different from any such statements, estimates or projections. We are under no duty to update any of these forward-looking statements to conform them to actual results or revised expectations.