A new study by the US Geological Survey (USGS) has uncovered a massive lithium reserve in the Smackover Formation in Arkansas.

New research suggests Arkansas may be home to up to 19 million tons of lithium reserves, potentially giving the U.S. the chance to lead in the EV industry.

Researchers say the Smackover Formation could hold enough lithium to supply global demand for years to come — if it can be commercially recovered.

Federal and state researchers said there might be five million to 19 million tons of lithium, more than enough to meet the world’s demand for the battery ingredient.

Lithium demand is projected to reach 1.5 million tons by 2025 and more than three million tons by 2030, growing exponentially due to the increased demand for elect