Using a combination of water testing and machine learning, a U.S. Geological Survey-led study estimated between 5 and 19 million tons of lithium reserves are located beneath southwestern Arkansas.
The USGS said in a statement issued Monday, October 21, 2024 that if commercially recoverable, the amount of lithium present would meet projected 2030 world demand for lithium in car batteries nine times over.
The study’s novel methodology, carried out collaboratively by the USGS and the Arkansas Department of Energy and Environment’s Office of the State Geologist, made it possible to quantify the amount of lithium present in brines located in a geological unit known as the Smackover Formation.
Extracting lithium from brines co-produced during oil and gas operations provides an opportunity to extract a valuable commodity from what would otherwise be considered a waste stream, the statement said.
Several companies, including Standard Lithium, Albemarle Corporation, ExxonMobil, Tetra Technologies. Pantera Minerals and TerraVolta are in various stages of lithium brine leasing, exploration, financing and pilot plant refinements and construction for potential lithium production in Southwest Arkansas.
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