No info on what was paid and so far I haven't found anything on the size of the resource but I found the following released September last year
TerraVolta Resources Secures $225 Million for Lithium Extraction Facility from Department of EnergyNew facility to produce battery-grade lithium, powering up to 500,000 EVs and supporting U.S. clean energy goalsFOR IMMEDIATE RELEASE September 24, 2024 Washington, D.C. — Capitol Funding Solutions (CFS) is pleased to announce that a proposal written for TerraVolta Resources was awarded $225,000,000 through Round II of the Battery Materials Processing and Battery Manufacturing and Recycling program. The awarded funding will establish a commercial-scale lithium extraction and refining facility, expected to significantly contribute to the U.S. transition to renewable energy by ensuring a reliable supply of lithium, a key component in electric vehicle batteries and renewable energy storage systems. ABOUT THE PROJECT TerraVolta Resources will establish a state-of-the-art, commercial-scale lithium extraction and refining facility in the Texarkana region, a crucial step in enhancing domestic battery supply chains and advancing sustainable energy solutions. This facility will utilize Direct Lithium Extraction (DLE) technology, which extracts lithium from brine, making the process more environmentally friendly than traditional mining techniques. The project aims to produce 25,000 tonnes of battery-grade lithium carbonate (Li2CO3) annually, which will be refined from lithium chloride extracted from domestic brine sources. This output is enough to power approximately 500,000 electric vehicles (EVs) annually, playing a crucial role in supporting the U.S. transition to clean energy and reducing the nation’s dependence on imported critical minerals.
