Standard Lithium (TSE:SLI) has released an update.
Standard Lithium has forged a strategic partnership with energy giant Equinor, receiving an investment of up to $160 million to develop lithium projects in Arkansas and Texas. This deal not only bolsters Standard Lithium’s financial standing but also significantly de-risks the execution of their sustainable lithium business, with both companies owning 55% and 45% stakes respectively. The collaboration marries Standard Lithium’s advanced Direct Lithium Extraction expertise with Equinor’s substantial experience in project development and operations.
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