Replies to This Discussion

Permalink Reply by Joe B. Lovelace on March 28, 2023 at 5:34

Skip, I'm fine with whatever best benefits the group.  Appreciate the Forum.  Joe

Permalink Reply by Joe B. Lovelace on April 27, 2023 at 14:13

An update to legislation pending in the Texas Legislature regulating "Brine mining" discussed in a previously thread.  S.B. 1186 (companion bill to HB 1318) has passed the Senate and is pending action in the House.  As I understand, there is no opposition.  Attached is C.S.S.B 1186 Bill Analysis for further explanation.SB%201186%20Bill%20Analysis.pdf

Permalink Reply by Skip Peel - Mineral Consultant on April 27, 2023 at 14:19

Thanks, Joe.  Please update us when the bill passes.

Permalink Reply by Joe B. Lovelace on May 9, 2023 at 1:33

In a Standard Lithium Press Release dated March 28, 2023, the company announced analysis and testing results from brine extracted from the Smackover Formation in East Texas.  (see attached)

Filed in the Deed Records, Cass County, Texas is a well bore assignment between Stroud Petroleum and Atlantis Oil Co, dated May 1, 2022 and filed under instrument #2022003546.

This agreement identifies the well entered to take the "brine samples" as the L. E. Bedgood Well #1 - API 4206730517 in the John Collom Survey, two miles North of McLeod, Texas.

The well was acquired "for the purpose of determining marketability of certain minerals extracted from a zone" between 10,820 ft to 11,000 ft. 

Attachments:

• 2023-03-28_Standard_Lithium_Drills_and_Samples_Highest_137.pdf, 1.6 MB
• Bedgood Well Plat 1985tif.tif, 131 KB
• Bedgood Well W-1 2008.pdf, 6 KB

Permalink Reply by Skip Peel - Mineral Consultant on May 9, 2023 at 3:36

Thanks for staying on top of this Joe.  Is your local media reporting on this?

Permalink Reply by Joe B. Lovelace on May 9, 2023 at 3:43

A news article appeared in a Mt. Vernon paper this weekend.  Nothing in Cass County.

Permalink Reply by Skip Peel - Mineral Consultant on May 9, 2023 at 3:44

Are there any other media that covers Cass?

Permalink Reply by Joe B. Lovelace on May 9, 2023 at 3:56

Yes, local newspapers in Atlanta and Hughes Springs.  Here's the front page of the Mount Vernon paper.Mt.Vernon%20News.jpg

Permalink Reply by Skip Peel - Mineral Consultant on May 9, 2023 at 3:58

You might want to reach out to them and supply them with the basic information.  I'm going to run it by some of my Shreveport area news media contacts.  I'm concerned that this may be flying too much under the radar for land and mineral owners in your area.

Permalink Reply by Skip Peel - Mineral Consultant on May 21, 2023 at 4:41

Exxon Joins Hunt for Lithium in Bet on EV Boom

Oil giant quietly laid plans this year for producing mineral in Arkansas

Exxon acquires 120,000 acres in S AR from Galvanic Energy

Galvanic’s lithium prospect among most prolific in North America

Independent evaluation estimates 4 million tons LCE, testing shows up to 520 mg/L lithium

OKLAHOMA CITY, July 12, 2022 – A recently completed resource report has validated Galvanic Energy’s Smackover prospect as one of the largest lithium brine resources in North America, with sufficient lithium to produce enough batteries for 50 million electric vehicles.

Oklahoma-based Galvanic Energy is a geoscience-driven resource exploration company that employs innovative, proprietary discovery methods to identify natural resources essential to the US renewable energy sector. Over the past year the company has completed well testing and detailed reservoir modeling to significantly advance its 120,000-acre lithium prospect in southern Arkansas.

Certified third-party analyses of brine drawn from deep test wells penetrating the Smackover Formation within Galvanic Energy’s prospect yielded lithium concentrations ranging from 290 mg/L to 520 mg/L, some of the highest reported values in North American brines. Testing also revealed bromine concentrations of 3,700-6,000 mg/L.

An independent evaluation and technical report authored by APEX Geoscience Ltd. estimates the Galvanic Energy Smackover prospect to have an inferred resource estimate of 4 million tons lithium carbonate equivalent (LCE) and 10 million tons elemental bromine.

The lithium resource estimate is substantial given that the USGS currently estimates the US lithium reserve at 750,000 tons and a total inferred resource of 9.1 million tons, including “oilfield brines” such as the Smackover.

“The significance of 4 million tons domestic LCE is evident,” said Brent Wilson, Galvanic Energy president and chief executive officer. “This is enough lithium to power 50 million electric vehicles, or in other words, enough EVs to replace 1 in 6 registered automobiles in the United States.”

Strategically located in the south-central U.S. near newly built or planned EV and battery manufacturing plants, Galvanic Energy’s lithium prospect could greatly reduce America’s reliance on foreign supply chains. Additionally, the prospect can be developed using a low-environmental footprint ion extraction process.

“Given the regulatory and environmental challenges facing conventional mining operations, ESG responsibility is critical to moving American raw material resource production forward,” Wilson said.

To that end, Galvanic Energy has been evaluating multiple direct lithium extraction (DLE) technology providers to determine which of those processes is best suitable for developing this world-class lithium asset. Galvanic’s Smackover prospect will support a domestic supply chain for lithium batteries required in electric vehicles, portable electronics and power storage systems.

About Galvanic Energy

Galvanic Energy is a privately held exploration company targeting domestic resources to

advance America’s renewable energy strategy. Galvanic Energy focuses on resource plays that require low environmental footprints and utilize innovative extraction processes to provide vertical integration of green technologies toward the development of electric mobilization and energy storage. For more information, visit galvanicenergy.com.

 

Permalink Reply by Skip Peel - Mineral Consultant on May 22, 2023 at 4:14

There is a map of the Smackover Formation included but there needs to be a disclaimer.  The Haynesville Formation covers a similar area - but not all of it is "shale".  Some of it is "sand" (sandstone).  The Smackover outside of the original S AR footprint is now being tested for sufficient concentrations of lithium in the brine.  Development is unlikely to occur in areas where the concentration of lithium is not commercial.  Presently we have public information on Columbia and Union counties in S AR and Cass County in E TX.  Looks like the land rush is on to acquire mineral rights and to drill test wells to determine where those commercial concentrations exist.

Liskow – The Energy Law Blog

Insight and Analysis of Legal issues impacting the Energy Industry.

The Smackover Formation: Unveiling the Lithium Potential

https://www.theenergylawblog.com/2023/05/articles/business/louisian...

Permalink Reply by Rock Man on May 22, 2023 at 4:22

Lots of water has been produced and tested from Smackover in this trend - but even if water analysis was done, it is highly improbable that lithium and other rare minerals was one of the minerals included in that work.

Bromide was common.

• I don't ever remember seeing Lithium mentioned in historical water analyses.

I doubt that many (if any) operators kept water samples for future reference - but I would wonder if "old water" would retain all its properties as to in situ lithium concentrations.

• That is something for a chemistry expert to address.

Having to drill new wells to test Smackover water quality adds a lot of up-front costs to any group chasing this mineral.

• And like any other subsurface formation, the lateral extent of any reservoir with certain water properties will vary - it is not "blanket" reservoir with the same characteristics.

• ‹ Previous
• 1
• …
• 3
• 4
• 5
• 6
• 7
• Next ›
• Page