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25 May

ExxonMobil acquires 120,000 acres for Arkansas lithium brine exploration

Texas-based oil giant ExxonMobil is hedging its bets moving forward by investing $100 million in lithium brine exploration in southern Arkansas, Kallanish reports. The company has quietly acquired 120,000 acres in the Smackover Formation Arkansas from Galvanic Energy, an Oklahoma-based exploration company, and those drilling rights could produce enough lithium to power 50m vehicles, according to the Wall Street Journal. Drilling could reportedly begin in the com…
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Bob Downing  |  USA
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