Latham & Watkins Advises TerraVolta in Strategic Partnership With The Energy & Minerals Group

TerraVolta Resources, LLC (TerraVolta or the Company), a leading US critical minerals exploration and production company, has announced significant developments regarding its flagship lithium project in the Smackover formation across Texas and Arkansas. In early 2023, The Energy & Minerals Group (EMG), one of the largest private investors across the natural resources complex globally, made a substantial equity commitment to TerraVolta and, by virtue of fundings to date, is the majority owner of TerraVolta. This investment from EMG accelerated TerraVolta's progress towards becoming a premier producer of US-based lithium, enabling the Company to secure a significant strategic position in the Smackover Formation complemented by the drilling of a successful appraisal and supply well that further validated TerraVolta's premium resource and industry-leading lithium concentrations.

Latham & Watkins LLP represents TerraVolta in the transaction with a corporate team led by Houston partner James Garrett, with associates John Daywalt, Cesar Leyva, and Om Pandya. Advice was also provided on executive compensation, employment, and benefits by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin; and on tax matters by Houston partner Jim Cole.