Resources Report Finds Galvanic’s Lithium Prospect Among North America’s Most Prolific
A recently completed resources report validated Galvanic Energy’s Smackover prospect as one of the largest lithium brine resources in North America, with enough lithium to produce enough batteries for 50 million electric vehicles.
Galvanic Energy, based in Oklahoma, is a geoscience-focused resource exploration company that uses innovative and proprietary discovery methods to identify natural resources critical to the US renewable energy sector. Over the past year, the company has completed well testing and detailed reservoir modeling to significantly advance its 120,000-acre lithium prospect in southern Arkansas.
Certified third-party analyzes of brine from deep test wells penetrating the Smackover Formation from Galvanic Energy’s perspective yielded lithium concentrations ranging from 290 mg/L to 520 mg/L, some of the highest values reported in North American brines. The tests also revealed bromine concentrations of 3,700 to 6,000 mg/L.
An independent assessment and technical report prepared by APEX Geoscience Ltd. estimate that the Galvanic Energy Smackover prospect has an inferred resource estimate of 4 million tonnes of lithium carbonate equivalent (LCE) and 10 million tonnes of elemental bromine.
The lithium resource estimate is substantial given that the USGS currently estimates the U.S. lithium reserve at 750,000 tons and a total inferred resource of 9.1 million tons, including “oilfield brines” such as the Smackover.
Strategically located in the south-central United States, near newly built or planned electric vehicle and battery manufacturing plants, Galvanic Energy’s lithium prospect could significantly reduce the United States’ reliance on foreign supply chains. Additionally, the prospect can be developed using a low environmental footprint ion mining process.
Given the regulatory and environmental challenges faced by conventional mining operations, ESG responsibility is critical to advancing US commodity production.
—Brent Wilson, President and CEO of Galvanic Energy
To this end, Galvanic Energy has evaluated several Direct Lithium Extraction (DLE) technology vendors to determine which of these processes is best suited for the development of this world-class lithium asset. Galvanic’s Smackover prospect will support a national supply chain for the lithium batteries needed in electric vehicles, wearable electronics and energy storage systems.