E. Texas Battery Maker Building $1B Lithium Production Plant

TerraVolta Resources was selected by the U.S. Department of Energy for a $225 million award to support the creation of a more than $1 billion lithium production facility in the Texarkana region that spans Arkansas and Texas.

The DOE’s funding will support TerraVolta’s plans to design, build, and operate Project Liberty Owl, a commercial-scale lithium production and conversion facility. TerraVolta’s facility, which will produce battery-grade lithium from domestic brine resources using direct lithium extraction technology, is initially expected to have a production capacity of at least 25,000 tons of lithium carbonate annually–enough lithium to power approximately 500,000 electric vehicles annually.

Earlier this year, TerraVolta completed a successful supply well (photo) that further validated the Company’s premium resource and industry-leading lithium concentrations.

TerraVolta’s Liberty Owl facility is expected to create more than 125 permanent jobs in the Texarkana region. Construction of Liberty Owl is slated to begin in 2028 with operations in 2029.