Equinor (EQNR) and Standard Lithium (SLI) said Thursday that the US Department of Energy has finalized the $225 million grant for the South West Arkansas Lithium project.
Standard Lithium said the grant will help with the construction of the first phase of the project, which is 55% owned by Standard Lithium and 45% by Equinor.
The project will produce 45,000 tonnes of lithium carbonate per year, developed in two phases of 22,500 tonnes each, Standard Lithium said.
The company said the partnership hopes to make a final investment decision by the end of this year, with phase 1 production starting as soon as 2028.
Shares of Standard Lithium rose 6.7%, while Equinor fell 2.6% in recent premarket activity Thursday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。