The Company’s flagship 150,000 acre, 3.14 Million Tonne Lithium Carbonate Equivalent (“LCE”) resource Joint Venture** “Lanxess Project” is located minutes away from the city of El Dorado, Arkansas.
El Dorado is headquarters of the Arkansas Oil and Gas Commission as well as Murphy Oil, Murphy USA, Deltic Timber Corporation and a Delek US oil refinery. The city has a nationally-recognized downtown arts district, the Murphy Arts District (MAD); a community college, South Arkansas Community College (South Ark); and a multi-cultural arts center, South Arkansas Arts Center (SAAC). El Dorado is the population, cultural and business center of south-central Arkansas.
El Dorado is located approximately 120 miles (190 km) from the state capital of Little Rock. The city was the heart of the 1920s Arkansas oil boom. During World War II, it became a center for the U.S. chemical industry, which still plays a key part in the local economy, as do oil and timber.
The region is home to North America’s largest brine production and processing facilities.
When oil was discovered in south Arkansas in 1921, oil field brines were considered a worthless by-product of oil producers who had problems disposing of the brine. Then, chemists from the Arkansas Geological Commission (now the Arkansas Geological Survey) discovered that the Smackover Formation brines had high bromine content—seventy times greater than that of ocean water. Bromine production followed oil production in Union County in 1957 and has continued ever since. Bromine production in Union and Columbia counties contributes significantly to the local and state economy and employs over 1,000 people. Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. Great Lakes Chemical Corporation merged with Crompton Corporation in 2005 to create Chemtura Corporation. Chemtura Corporation was acquired by global specialty chemical company Lanxess AG in 2017. Lanxess operates three brine processing plants in south Arkansas.
TETRA Technologies operates a processing plant in the area, Albemarle Corporation (formerly Ethyl Corporation) operates two bromine processing plants in Magnolia (Columbia County) Arkansas.