ExxonMobil and Chevron Enter Lithium DLE

ExxonMobil and Chevron are both developing direct lithium extraction projects on the Smackover Formation, pumping lithium-rich brine from underground and using DLE to strip out the metal — the same basic approach NeoLithica is applying to Alberta's Leduc Formation.

When two of the world's largest oil companies commit real capital to extracting lithium from oilfield brine using DLE, it's a strong signal that this isn't a niche approach — it's a legitimate, scalable path to critical mineral production that plays directly to the expertise oil and gas companies (and the people who've worked in that industry) already have. That's the same logic behind NeoLithica's approach to Alberta's Peace River and Redwater oilfield lithium-brine projects.

Source: "U.S. Oil Giants' Billion-Dollar Lithium Investment Set to Transform Arkansas's Smackover Formation"