Standard Lithium and Equinor Finalize Partnership for $225 Million Grant from the U.S. Department of Energy
Standard Lithium and Equinor Finalize Partnership for $225 Million Grant from the U.S. Department of Energy
01/16/25, 7:57 PM
Location
vancouverMoney
$225 million
Type
partnership
Standard Lithium and Equinor have finalized a partnership to receive a $225 million grant from the U.S. Department of Energy to support construction of Phase 1 of the South West Arkansas project. The project is expected to be one of the world’s first commercial-scale Direct Lithium Extraction facilities, aimed at producing 45,000 tonnes per annum of lithium carbonate.
Company Info
Location
vancouver, british columbia, canada
Additional Info
Standard’s value creation strategy encompasses acquiring a diverse and highly prospective portfolio of domestic production locations led by an innovation & results oriented management team with a strong focus on technical skills.