By Denny Jacob
Standard Lithium shares surged 26% in premarket trading after a project it is a part of through a joint venture was selected to receive special designation under an executive order by the Trump administration.
Shares were trading around $1.77. The stock is down 4.1% on the year so far.
Smackover Lithium, a JV between the near-commercial lithium development company and Equinor, on Monday said its South West Arkansas project was selected as a critical mineral production project to be advanced under an executive order targeting mineral production in the U.S.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
April 22, 2025 07:42 ET (11:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.