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The latest update is out from Standard Lithium Ltd ( (TSE:SLI) ).
Standard Lithium Ltd. and Equinor have announced the establishment of Smackover Lithium as the new brand for their joint venture aimed at developing direct lithium extraction projects in Southwest Arkansas and East Texas. This initiative builds on Standard Lithium’s ongoing work in the area and aims to foster economic development and educational opportunities in the region. Smackover Lithium is set to become one of the world’s first commercial-scale DLE facilities, strengthening the partnership’s position in the critical minerals sector.
More about Standard Lithium Ltd
Standard Lithium Ltd. is a prominent near-commercial lithium development company focusing on the sustainable development of large, high-grade lithium-brine properties in the United States. The company prioritizes projects that feature high-quality resources, robust infrastructure, skilled labor, and streamlined permitting processes. Their flagship projects are located in the Smackover Formation in Arkansas and Texas, including partnerships with global energy leader Equinor and LANXESS Corporation.
YTD Price Performance: -3.98%
Average Trading Volume: 207,081
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$401.1M
For a thorough assessment of SLI stock, go to TipRanks’ Stock Analysis page.
