Public Event Detail
Standard Lithium says Smackover project drawing interest from investors
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Event summary
Smackover Lithium, a joint venture between Standard Lithium Ltd. and Equinor, announced it has attracted investors willing to finance up to $1 billion for the first phase of its South West Arkansas Project. This debt financing package of up to $1.1 billion will fund capital expenditures for the $1.45 billion project, with interest shown by three export credit agencies, including the U.S. Export-Import bank. Standard Lithium's CEO David Park highlighted the project's strategic importance and its role in delivering a sustainable source of lithium in the U.S.