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Benzinga
Benzinga
Business
Stjepan Kalinic

Chevron Joins Lithium Race With 125,000-Acre Texas-Arkansas Deal

Chevron lithium Arkansas Texas Chevron Corporation Oil
Lithium,Element,Symbol,From,The,Periodic,Table,Near,Metallic,Lithium

Chevron U.S.A., a subsidiary of Chevron Corporation (NYSE:CVX), announced its intention to enter the lithium market last week by acquiring lease rights to approximately 125,000 net acres spanning northeast Texas and southwest Arkansas.

The rights, acquired from TerraVolta Resources and East Texas Natural Resources, give the firm access to the Smackover Formation – a geologic unit rich in lithium-bearing brine.

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