Chevron (CVX) subsidiary Chevron U.S.A. has closed on a transaction to acquire all equity interests in two subsidiaries of TerraVolta Resources and its investor, The Energy & Minerals Group, that own certain leasehold acreage positions in east Texas and southwest Arkansas. Chevron’s acquisition comprises approximately 100,000 net acres, establishing a lithium resource position in the U.S. TerraVolta Resources is a U.S. critical minerals exploration and production company based in Houston, Texas.
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