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TerraVolta Resources, LLC ("TerraVolta" or the "Company"), a leading U.S. critical minerals exploration and production company, was selected by the U.S. Department of Energy's ("DOE") Office of Manufacturing and Energy Supply Chains for a $225 million award negotiation to support the creation of a more than $1 billion lithium production facility in the Texarkana region that spans Arkansas and Texas.

TerraVolta was selected by the DOE to receive Bipartisan Infrastructure Law funding to boost the domestic production of advanced batteries and battery materials nationwide. The selection of TerraVolta's Project Liberty Owl is one of the largest provisional awards to a U.S. critical minerals project.