Arkansas Lithium Firms to Get Up to $225M in Federal Grants

September 21, 2024 September 21, 2024

Editorial Staff

The Facts -

Two companies received up to $225M in grants for lithium extraction in Arkansas.

The grants are "conditional" and aim to support projects in southwest Arkansas.

The funding was awarded by the U.S. government to boost lithium extraction efforts.

September 20, 2024 at 4:41 p.m. | Updated September 20, 2024 at 5:07 p.m.

by Ainsley Platt

FILE - A container of lithium carbonate in a warehouse at Albemarle Corp.'s Silver Peak lithium facility, Oct. 6, 2022, in Silver Peak, Nev. (AP Photo/John Locher, File)

Two companies aiming to extract lithium in Arkansas were awarded up to $225 million each in "conditional" grant money for lithium extraction projects in southwest Arkansas by the U.S.