Standard Lithium, Equinor Selected for $225 Million Award Negotiation by US Department of Energy

MT Newswires Live09-20

Standard Lithium (SLI) and Equinor (EQNR) said Friday that their jointly-owned US subsidiary, SWA Lithium LLC, has been selected for up to $225 million award negotiation by the US Department of Energy.

The funding is expected to support the construction of the Central Processing Facility for phase 1 of the South West Arkansas project, designed to annually produce 22,500 tonnes of battery-quality lithium carbonate.

The provisional grant is conditional upon the completion of successful final negotiations with the Department of Energy, the companies said.

Standard Lithium shares were 2% higher in recent premarket activity.

Price: 1.3700, Change: +0.11, Percent Change: +8.73

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