Another lithium well has been drilled in the Smackover formation of southern Arkansas, a well that could be used for development of the mineral sorely needed for production of electric vehicle batteries.
Houston-based TerraVolta Resources LLC announced it had drilled a “successful” lithium appraisal and supply well. IT also said global investor EMG had taken majority ownership of the mineral explorer and production company, according to a report by Arkansas Business Daily Report.
The well’s location was not revealed in the announcement.
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