With funds getting lower it’s interesting that Bruce did a small raise, and seemed confident all was falling into place. Many of the recent Anns seem to be box ticking exercises for ?????
I’m wondering if we’re looking at a JV or even DOE/DOD money for our project- as it ticks the boxes required by the U.S. Govt and these organisations.
Fact that Co has not raised till now- and SP has therefore dropped- may mean any day- all these box ticking exercises gets us closer to a bigger strategic partnership. Hmmm
Chevron Joins Other Oil Majors to Boost the U.S. Lithium Supply Chain
https://carboncredits.com/chevron-joins-other-oil-majors-to-boost-the-u-s-lithium-supply-chain/
Jeff Gustavson, president of Chevron New Energies, said,
“This acquisition represents a strategic investment to support energy manufacturing and expand U.S.-based critical mineral supplies. Establishing domestic and resilient lithium supply chains is essential not only to maintaining U.S. energy leadership but also to meeting the growing demand from customers. This opportunity builds on many of Chevron’s strengths including subsurface resource development and value chain integration.”
Exxon’s Lithium Plan for the Arkansas In November 2023, ExxonMobil announced its first U.S. lithium project in southwest Arkansas, aiming to supplyEV batteriesunder the Mobil Lithium brand. The company targets first production by 2027.
It will use traditional drilling to tap lithium-rich saltwater 10,000 feet underground and apply direct lithium extraction (DLE) to produce battery-grade lithium. The project supports U.S. energy security, manufacturing, and climate goals, marking ExxonMobil’s push into the energy transition.
Equinor Secured DOE Funding for Lithium Projects In May 2024,Equinor partnered with Standard Lithiumand bought a 45% stake in two lithium projects in Southwest Arkansas and East Texas.
Soon after, the U.S. Department of Energy (DOE) approved a $225 million grant to support the South West Arkansas (SWA) lithium project. The funding will help build a new processing facility.
In its first phase, the project plans to produce 22,500 tonnes of battery-grade lithium carbonate each year using DLE.
