Curated News
By: NewsRamp Editorial Staff
April 24, 2025
Standard Lithium Receives Approval for South West Arkansas Lithium Project
TLDR
- Standard Lithium's approval for the South West Arkansas Project sets the stage for commercial lithium production, giving them a competitive edge in the market.
- The Arkansas Oil and Gas Commission has approved the Reynolds Unit for Phase I, targeting commercial lithium carbonate production by 2028.
- By prioritizing sustainable lithium production, Standard Lithium's project contributes to a greener future for tomorrow's generations.
- The approval of the Reynolds Unit signifies a significant step towards increasing battery-quality lithium carbonate production, impacting the renewable energy sector.
Impact - Why it Matters
This news highlights the progress of Standard Lithium in developing a sustainable lithium project with significant production capacity. The approval marks a crucial step towards commercial-scale lithium production, which is essential for meeting the increasing demand for lithium-ion batteries in a growing electric vehicle market.
Summary
Standard Lithium (NYSE American: SLI), in partnership with Equinor, received approval from the Arkansas Oil and Gas Commission for Phase I of the South West Arkansas Project. The 20,854-acre brine unit aims to produce 22,500 tonnes of battery-quality lithium carbonate annually, targeting commercial output by 2028. This milestone brings the joint venture closer to final investment decision and royalty rate determination in May.
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 South West Arkansas Lithium Project
