Legal Victory Partial for Companies in Arkansas Lithium Royalty Dispute
Little Rock, AR – In a significant legal proceeding on Friday, an administrative law judge hinted at likely siding partially with a group of five companies that petitioned the state Oil and Gas Commission to establish a royalty rate for lithium production from the Smackover formation in southern Arkansas. This area is emerging as a hotbed for lithium extraction, vital for battery production. The companies, seeking clarity and stability regarding the financial terms of lithium extraction, hope a fixed royalty rate will make investment and operations planning more predictable. Lithium, predominantly used in batteries for … Read more