A billion-dollar lithium extraction and production project in southwest Arkansas is set to receive significant federal funding. The U.S. Department of Energy is in talks with two lithium mining companies, Standard Lithium and Equinor, to provide up to $225 million towards their joint 'Southwest Arkansas Project'.
Arkansas ' lithium boom is ramping up—a billion-dollar project to extract and produce commercial lithium in the southwest part of the state is set to receive significant federal funding .
Currently, there is no commercial lithium production in Arkansas, only the extraction of brine for bromine. "Roughly a $1.5 billion project in Lafayette County, where we will be producing over 22,000 tons of lithium carbonate," Park said. "It's really important for us as a company and really important for the community is obviously making sure that the opportunities, the jobs stay in that community," said Jesse Edmondson, Standard Lithium's director of government relations.
Lithium Arkansas Mining Federal Funding Economy
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This water treatment startup is already a unicorn, and has $225 million in VC fundingGradiant’s technology mimics how nature creates rain. Wastewater is heated and pumped into a humidifier and mixed with ambient air.
Read more »
This water treatment startup is already a unicorn, and has $225 million in VC fundingGradiant’s technology mimics how nature creates rain. Wastewater is heated and pumped into a humidifier and mixed with ambient air.
Read more »
This water treatment startup is already a unicorn, and has $225 million in VC fundingGradiant's technology mimics how nature creates rain. Wastewater is heated and pumped into a humidifier and mixed with ambient air.
Read more »
Cuyahoga Valley National Park tourism contributes $225 million to local economyA new report from the National Park Service shows Cuyahoga Valley National Park to be an economic driver for Northeast Ohio, attracting 2.9 million visitors in 2023 who spent $139 million in nearby communities.
Read more »
Los Angeles offering up to $225 rebate for air conditioning unitsThe rebate applies to window, wall and portable air conditioning units bought between June 1 and Sept. 30.
Read more »
GM offers Tesla Supercharger adapters to electric vehicle owners for $225 a popDetroit automaker's U.S. customers will be able to buy GM-approved NACS DC adapter through vehicle brand's mobile apps.
Read more »