Standard Lithium has announced a strategic partnership with Equinor, which will see an investment of up to $160m to advance sustainable lithium projects in Arkansas, US.
This collaboration aims to leverage Standard Lithium’s DLE expertise and Equinor’s project execution capabilities.
Under the agreement, Equinor will invest up to $160m, securing a 45% stake in Standard Lithium’s projects in south-west Arkansas and east Texas properties (projects).
The investment includes a $30m cash payment to Standard Lithium at closing and a $60m work programme funded by Equinor. This programme includes a $33m carry for Standard Lithium’s portion and $27m for Equinor’s share in the projects.
Upon positive final investment decisions by both parties, Standard Lithium could receive up to $70m in additional payments.
Standard Lithium CEO Robert Mintak said: “This partnership with Equinor is a major accomplishment for Standard Lithium. It has long been our belief that success in this sector hinges on strategic partnerships with companies who share our vision and bring complementary strengths.
Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free
sample
Your download email will arrive shortly
We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form
By GlobalData
Read More: Standard Lithium partners Equinor on sustainable lithium extraction