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Permalink Reply by Skip Peel - Mineral Consultant on Saturday

There might be no horizontal drilling and hydraulic fracture stimulation without federal support, technical and financial, for Mitchell Energy's effort to unlock unconventional reservoirs in the Barnett Shale.  The private/public partnership in exploring new technology is crucial for the arc of American energy.  The key contribution of the federal government is often overlooked or down played. 

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Permalink Reply by Skip Peel - Mineral Consultant on Saturday

TerraVolta Resources Selected by U.S. Department of Energy for $225 Million Award Negotiation for Lithium Production Facility in Texarkana Region

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News provided by

TerraVolta Resources  Sep 20, 2024, 09:58 ET

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HOUSTON, Sept. 20, 2024 /PRNewswire/ -- TerraVolta Resources, LLC ("TerraVolta" or the "Company"), a leading U.S. critical minerals exploration and production company, was selected by the U.S. Department of Energy's ("DOE") Office of Manufacturing and Energy Supply Chains for a $225 million award negotiation to support the creation of a more than $1 billion lithium production facility in the Texarkana region that spans Arkansas and Texas.

TerraVolta was selected by the DOE to receive Bipartisan Infrastructure Law funding to boost the domestic production of advanced batteries and battery materials nationwide. The selection of TerraVolta's Project Liberty Owl is one of the largest provisional awards to a U.S. critical minerals project.   

"We're in the midst of a manufacturing revival in the United States as the Biden-Harris Administration's Investing in America agenda continues to breathe new life into communities and local economies across the country," said U.S. Secretary of Energy Jennifer M. Granholm. "By positioning the U.S. at the forefront of advanced battery manufacturing, we are creating high-paying jobs and strengthening our global economic leadership and domestic energy security, all while supporting the clean energy transition."

The DOE's funding will support TerraVolta's plans to design, build, and operate Project Liberty Owl, a commercial-scale lithium production and conversion facility. TerraVolta's facility, which will produce battery-grade lithium from domestic brine resources using direct lithium extraction technology, is initially expected to have a production capacity of at least 25,000 tonnes of lithium carbonate annually–enough lithium to power approximately 500,000 electric vehicles per year.

Earlier this year, TerraVolta completed a successful supply well that further validated the Company's premium resource and industry-leading lithium concentrations.

Jamie Liang, President and CEO, TerraVolta, said, "Over the past 24 months, we have accumulated one of the largest land positions in the Smackover trend and confirmed the highly advantageous resource. Today, we are thrilled to have the U.S. Department of Energy endorse Project Liberty Owl as we begin the design and engineering for this facility in the Texarkana region. With the DOE's support, we will employ American workers to harness domestic lithium resources and supply the U.S. economy's need for EVs, grid-scale batteries, and consumer products."

John Raymond, Chairman of The Energy & Minerals Group (EMG) and TerraVolta, said, "Our investment in TerraVolta is representative of EMG's focus on the forward-facing green commodities essential to successful implementation of global carbon reduction initiatives. We are very appreciative of the DOE's grant in support of TerraVolta and Project Liberty Owl as it is foundational to ensuring the development of a real-world solution to the current gap in the domestic U.S. lithium supply chain."

TerraVolta's Liberty Owl facility is expected to create more than 125 permanent jobs in the Texarkana region. Batteries manufactured using lithium produced at this facility could eliminate more than 2.2 million tonnes of carbon dioxide emissions annually. Construction of Liberty Owl is slated to begin in 2028 with operations in 2029.

Rob Sitterley, President and CEO, AR-TX Regional Economic Development Inc., said, "Today's announcement is a pivotal moment for Texarkana as we energize and expand our economic landscape. We are a region home to companies which are shaping the future. TerraVolta's investment will not only create new jobs and significant local revenue but positions our community at the crossroads of technological innovation and environmental sustainability.  We look forward to seeing their success and continuing AR-TX REDI's efforts to drive the Texarkana region forward."

Based in Houston, Texas, TerraVolta is led by President and CEO, Jamie Liang; Chief Technology Officer, Ross Tomson; and VP, Land and Business Development, Nicholas Muscara. Earlier this year, the Company announced a substantial equity investment from EMG, one of the largest private investors across the natural resources complex globally.

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Permalink Reply by Joe B. Lovelace yesterday

As this mentions Texarkana could the location of the Project Liberty Owl be in Miller County?  interesting that it is further west than planned Magnolia projects by Exxon and Standard Lithium.

TerraVolta Resources of Houston also said it has been picked for a similar $225 million award negotiation for its “Liberty Owl” project. TerraVolta Resources hasn’t disclosed its planned project location. However, a map posted by the DOE in its press release appeared to indicate a location in Miller County, Arkansas.

Permalink Reply by Skip Peel - Mineral Consultant yesterday

The last map which shows the lease footprint of the lithium companies comes right up to the Lafayette-Miller County line and does not look as if it has been updated in a while. As leasing is ongoing and seemingly moving west, the “Liberty Owl” project could very well be located in Miller County.

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