Curated News
By: NewsRamp Editorial Staff
May 29, 2025
Standard Lithium Receives Approval for Lithium Royalty Rate in Arkansas Project
TLDR
- Arkansas Oil and Gas Commission approves 2.5% lithium royalty rate for Standard Lithium's South West Arkansas Project, setting a precedent for future projects.
- Standard Lithium, in joint venture with Equinor, targets annual production of 22,500 tonnes of battery-grade lithium carbonate by 2028 using direct lithium extraction process.
- Standard Lithium's sustainable lithium development aims to contribute to a greener future with high-quality resources and commercial-scale production for a better tomorrow.
- State-approved royalty for lithium extraction from brine in Arkansas marks a significant milestone in advancing sustainable energy solutions and innovative lithium projects.
Impact - Why it Matters
This news matters as it marks a significant milestone for Standard Lithium and Equinor in advancing lithium extraction in Arkansas. The approval of the lithium royalty rate sets a precedent for future projects and highlights the potential for sustainable lithium production in the United States, impacting the growing demand for battery-grade lithium carbonate.
Summary
Standard Lithium (NYSE American: SLI), in partnership with Equinor, received approval for a 2.5% lithium royalty rate for the Reynolds Unit in Phase I of its South West Arkansas Project. This milestone sets a precedent for future lithium projects in Arkansas, with a total compensation of approximately 3% to brine owners. The project aims for annual production of 22,500 tonnes of battery-grade lithium carbonate by 2028.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Standard Lithium Receives Approval for Lithium Royalty Rate in Arkansas Project
