ExxonMobil to begin lithium extraction in south Arkansas this month
Posted on AllSides November 13th, 2023
From The Center
ExxonMobil will drill its first lithium well in south Arkansas beginning this month, the company announced Monday. The announcement is the beginning of a rush to extract the mineral, a critical component in electric vehicle batteries, from the Smackover Formation. Earlier this year, ExxonMobil bought 120,000 acres in South Arkansas to extract brine containing the metal out of one of the largest deposits containing lithium in North America. The company’s first well will be located near Magnolia in Columbia County. Speaking at a news conference at the state Capitol, Gov....
