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Ann: CNQ enters Nth American lithium market tech-for-equity deal, page-50

  1. Electrification
    1,571 Posts.
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    20/01/24
    10:36
    Post #: 71975626

    ExxonMobil drilling first lithium well in Arkansas, aims to be a leading supplier for electric vehicles by 2030

    https://corporate.exxonmobil.com/news/news-releases/2023/1113_exxonmobil-drilling-first-lithium-well-in-arkansas

    Report: ExxonMobil's $100 Million Acquisition Suggests It May Drill for Electric Cars

    The US supermajor is said to have struck a deal that may make it a major supplier of lithium, which is needed to expand the US electric vehicle market.

    https://jpt.spe.org/report-exxonmobils-100-million-acquisition-suggests-it-may-drill-for-electric-cars

    Exxon Makes Lithium Play in Long-Term Bet on EV Demand

    Oil company plans to produce battery-grade lithium by 2027 in Arkansas oil fields

    https://www.wsj.com/business/energy-oil/exxon-makes-lithium-play-in-long-term-bet-on-ev-demand-5713823f
    CNQ Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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