Huge US White Gold Deposit Could Produce 5,000 Tons Annually

TEXAS – A massive U.S. white gold deposit has been revealed, and experts contend it will be a game-changer for decades to come and also revolutionize the American market.

Credits: European Space Agency

America’s new white gold that will stun the world

The world has been significantly focused on reducing the global carbon footprint and overall greenhouse gas emissions, with one primary goal in mind: Mitigating the effects of climate change. Climate change has worsened severely due to the dependency on fossil fuels for power. Now, renewable energy sources have been green lighted as the best possible alternatives to fossil fuels.

Beyond implementing renewable energy sources, low-to-zero carbon-emitting technologies have also become the forefront in decreasing the global carbon footprint. An example of such technologies includes electric vehicles, in which some have replaced traditional internal combustion engines with batteries. Unfortunately, all the components that are required for renewable technologies are not easily accessible, and sometimes these access approaches can be non-renewable.

Thankfully, the U.S. has revealed a massive deposit that could be the answer to all our renewable problems.

A massive deposit that will be a game-changer for decades

Remember, we mentioned that the U.S. likes to go big? Well, there is an extremely big socio-economic region in the U.S. called the Ark-La-Tex region. Simply put, this region is where the Southern U.S. states of Arkansas, Louisiana, and Texas join together. This region is characterized by its assorted picturesque landscapes, such as the Piney Woods forests, as well as outdoor recreation opportunities. However, it has also become the hub for the U.S.’s new white gold production.

An American technology company called Energy Exploration Technologies, Inc., or EnergyX, is behind the new massive white gold deposit located in the Ark-La-Tex region. According to EnergyX CEO Teague Egan, the project, known as Project Lonestar, will specifically play a crucial role in securing the U.S. battery supply chain. According to Mining Weekly, Project Lonestar will be EnergyX’s second-largest project to extract this white gold deposit.

If you haven’t guessed it, Project Lonestar will be extracting the “white gold” called lithium from the Ark-La-Tex region’s salt brines. According to the company, Project Lonestar will have a target lithium generation of 5,000 tonnes annually in Phase 1, which will increase to 25,000 tonnes annually in Phase 2.

Giving China a run for its money

“This has been a long time in the making, and we still have a long way to go, but it is crucial that US-based companies really focus on developing domestic resources to reduce our reliance on external, offshore suppliers for critical elements like lithium.” – Egan

According to the Organisation for Research of China and Asia, China has been dominating the global lithium market, especially in refining and processing. The country does, however, heavily rely on imports from Australia, Chile, and Argentina. This massive lithium deposit in the U.S. could thus give the country the upper hand from a geopolitical point of view.

As Project Lonestar continues development, the future of the U.S. seems significantly greener, economically and environmentally. While tensions between the U.S. and China could increase, there is a glimmer of hope for an alliance, as Tesla has signed an agreement with China to assist with its national power grid’s renewable energy storage. We guess it will forever be a love-hate relationship.