Smackover Lithium, a Joint Venture between Standard Lithium (SLI) and Equinor (EQNR), announces that the brine production unit, now formally named the Reynolds Unit, for Phase I of its South West Arkansas, SWA, Project has been unanimously approved by the Arkansas Oil and Gas Commission, AOGC, with no objections or opposition in a hearing that was open to all stakeholders from the community. “We thank the AOGC for their due diligence in reviewing our application and for their swift approval,” said Standard Lithium’s President and COO, Dr. Andy Robinson, who provided testimony at the hearing. “The establishment of the Reynolds brine unit is another key milestone our team has now successfully completed as we march towards a final investment decision for the SWA Project, and also a necessary statutory requirement as we look to set a royalty for the unit in late May.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLI:
- Smackover Lithium’s Arkansas Project Gains Priority Status from Trump Administration
- Standard Lithium Reports Quarterly ATM Sales Progress
- Promising Future for Standard Lithium Ltd: Buy Rating Backed by High-Quality Resources and Strategic Development
- Standard Lithium’s Earnings Call: Strategic Gains Amid Financial Challenges
- Standard Lithium price target lowered to $3.40 from $3.60 at Roth MKM