Standard Lithium Ltd (TSE:SLI) has released an update.
Standard Lithium Ltd. has finalized an agreement to settle an advisory fee with shares issuance for strategic services related to its partnership with Equinor ASA, which is set to advance lithium projects in Arkansas and Texas. The settlement involves the issuance of 666,667 common shares at a value of US$1.20 each, subject to regulatory approval and a four-month resale restriction. The company is poised for near-commercial lithium production with a focus on sustainable development and innovative extraction processes in North America.
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