Oklahoma Company Acquires Large Lithium Deposit Capable Of Powering 50 Millions Electric Cars

An Oklahoma company says it secured enough lithium in southern Arkansas to power more than 50 million electric vehicles.

On Thursday, Galvanic Energy announced the area has 4 million tons of lithium carbonate which is a critical piece of the batteries used in electric cars, smartphones, and laptops.

“For decades, America’s leaders have promoted a national goal of energy independence,” said Brent Wilson, Galvanic’s president and chief executive officer. “Given the United States’ current reliance on a foreign lithium supply chain, this resource has the potential to bring that goal into clearer focus, as it greatly expands the possibility of American self-reliance for lithium.”

Galvanic says it is now working on extracting the lithium. For more information, visit galvanicenergy.com.