TerraVolta selected for $225 Million project in region
HOUSTON, TX – TerraVolta Resources, LLC, a U.S. critical minerals exploration and production company, was selected by the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains for a $225 million award negotiation to support the creation of a more than $1 billion lithium production facility in the Texarkana region that spans Arkansas and Texas.
The Texarkana Metropolitan Statistical Area (MSA) is a three-county region comprising the twin cities of Texarkana, Texas and Texarkana, Arkansas, and encompassing the surrounding communities of Bowie County, Texas, Little River County, Arkansas and Miller County, Arkansas.
TerraVolta was selected by the DOE to receive Bipartisan Infrastructure Law funding to boost the domestic production of advanced batteries and battery materials nationwide. The selection of TerraVolta’s Project Liberty Owl is one of the largest provisional awards to a U.S. critical minerals project.
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 per year.
Earlier this year, TerraVolta completed a successful supply well that further validated the Company’s lithium concentrations.
Jamie Liang, President and CEO, TerraVolta, said, “Over the past 24 months, we have accumulated one of the largest land positions in the Smackover trend and confirmed the highly advantageous resource. Today, we are thrilled to have the U.S. Department of Energy endorse Project Liberty Owl as we begin the design and engineering for this facility in the Texarkana region. With the DOE’s support, we will employ American workers to harness domestic lithium resources and supply the U.S. economy’s need for EVs, grid-scale batteries, and consumer products.”
TerraVolta’s Liberty Owl facility is expected to create more than 125 permanent jobs in the Texarkana region. Batteries manufactured using lithium produced at this facility could eliminate more than 2.2 million tons of carbon dioxide emissions annually. Construction of Liberty Owl is slated to begin in 2028 with operations in 2029.
Rob Sitterley, President and CEO, AR-TX Regional Economic Development Inc., said, “Today’s announcement is a pivotal moment for Texarkana as we energize and expand our economic landscape. We are a region home to companies which are shaping the future. TerraVolta’s investment will not only create new jobs and significant local revenue but positions our community at the crossroads of technological innovation and environmental sustainability. We look forward to seeing their success and continuing AR-TX REDI’s efforts to drive the Texarkana region forward.”