Competition. It’s the name of the game in southern Arkansas and the game is development of lithium, the mineral badly needed for the nation’s growth of electric vehicles.
We’ve covered the rapid acceleration of Oklahoma City’s Galvanic Energy and its recent $100 million deal with ExxonMobil on the thousands of acres leased by Galvanice in Arkansas’ Smackover Formation.
But a company backed by Koch Industries is also in the race to develop lithium in the same field.
Standard Lithium, located on the outskirts of El Dorado, is also fast at work on development of extracting the battery metal.
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