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Chevron Enters Domestic Lithium Sector to Support U.S. Energy Security [Yahoo! Finance]

Last chevron corporation earnings: 5/1 06:45 am
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US:NYSE Investor Relations: chevron.com/investors
Inc., a subsidiary of Chevron Corporation (NYSE: CVX), announced today the acquisition of two leasehold acreage positions. The first from TerraVolta Resources, whose investor is an affiliate of The Energy & Minerals Group (EMG), and the second from East Texas Natural Resources (ETNR) LLC. The estimated leasehold position includes ~125,000 net acres and is situated across regions where the Smackover Formation is present, specifically spanning Northeast Texas and Southwest Arkansas. This formation is of particular interest due to its notably high lithium content and marks Chevron's first step toward establishing a commercial-scale, domestic lithium business. Future development will aim to utilize the direct lithium extraction (DLE) process, a set of advanced technologies employed to extract lithium from brines produced from the subsurface. Chevron seeks to deploy this emerging technology, which allows for faster and more efficient production and is expected to have a smaller environ
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- TerraVolta Announces Sale of Lithium Assets in East Texas and Arkansas [Yahoo! Finance][Yahoo! Finance]
- TerraVolta Announces Sale of Lithium Assets in East Texas and Arkansas[PR Newswire]
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