Barrell Energy launched a Series A funding round for its portfolio company, Barrell Lithium LLC. The capital raised will fuel significant expansion of the company’s strategic acreage position within the highly prospective Smackover lithium brine play in East Texas. This initiative follows a successful seed funding round for Barrell Lithium LLC completed in November 2024.

The primary objective of the Series A round is to enable Barrell Lithium to increase its leasehold to approximately 40,000 acres across its key prospect areas. This builds upon the substantial, geologically-focused acreage already secured over the past three years.

Barrell Lithium leverages Barrell Energy's four decades of geological and land acquisition expertise. The team has conducted four years of intensive geological evaluation of structure, reservoir quality, and potential lithium resources within the Smackover formation across fifteen counties. The company maintains a local leasing office in Atlanta, Texas.

Barrell Lithium LLCfocuses on exploring and developing lithium brine resources within the Smackover formation in East Texas. Barrell Energy Inc. is a privately held energy company leveraging 40 years of geological and land acquisition experience. The company identifies and secures early strategic positions across a diverse energy portfolio, including oil and natural gas, lithium brine, carbon sequestration, utility-scale solar, battery storage, and data centers. Through its portfolio companies, Barrell Energy maintains producing interests in oil and natural gas, 2.2 gigawatts of solar, battery storage sites, two lithium brine projects, and five carbon sequestration projects.