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Now we’re adding a new one Exxon mobil is drilling for lithium in arkansas and expects to begin production of the critical material for electric vehicles by 2027. Exxon in early 2023 acquired the rights to 120,000 gross acres of the smackover formation in arkansas, considered one of the most prolific lithium resources of its type in north america. Exxon mobil (xom) on monday announced plans to begin producing lithium, the key component for ev batteries, by 2027. Xom) today announced plans to become a leading producer of lithium, a key component of electric vehicle (ev) batteries Work has begun for the company’s first phase of north america lithium production in southwest arkansas, an area known to hold significant lithium deposits The product offer will be branded as mobil™ lithium, building on. This venture into the lithium space by the country’s biggest oil major shows just how essential companies like exxonmobil, with all the technical, scientific, engineering, and project execution.Exxon Mobil Lithium Latest File & Photo Additions #639
