Curated News
By: NewsRamp Editorial Staff
April 24, 2025
Standard Lithium's Joint Venture Receives Approval for South West Arkansas Project Phase I
TLDR
- Standard Lithium's approval for Phase I of the South West Arkansas Project sets the stage for future commercial output in 2028.
- The 20,854-acre brine unit is expected to produce 22,500 tonnes of battery-quality lithium carbonate annually through a scalable and fully integrated direct lithium extraction process.
- Standard Lithium's sustainable development of lithium properties aims to enhance the world's renewable energy capabilities through commercial-scale lithium production.
- The Arkansas Oil and Gas Commission's unanimous approval marks a significant milestone in the advancement of the South West Arkansas Project.
Impact - Why it Matters
This news is significant as it marks a crucial regulatory milestone for Standard Lithium and Equinor as they progress towards commercial-scale lithium production. The approval sets the stage for the development of a sustainable source of battery-quality lithium carbonate, impacting the growing demand for lithium in the renewable energy sector.
Summary
Standard Lithium (NYSE American: SLI), in partnership with Equinor, has received approval from the Arkansas Oil and Gas Commission for Phase I of the South West Arkansas Project. The 20,854-acre brine unit is set to produce 22,500 tonnes of lithium carbonate annually, targeting commercial output by 2028. This milestone brings the joint venture closer to a 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's Joint Venture Receives Approval for South West Arkansas Project Phase I
