Curated News
By: NewsRamp Editorial Staff
May 06, 2025
SWA Lithium JV Applies for Royalty Framework in Arkansas
TLDR
- SWA Lithium LLC applies for a 2.5% gross royalty based on lithium output, driving regional investment and economic development.
- SWA Lithium LLC seeks approval for a lithium royalty framework for Phase I of the South West Arkansas Project, aiming for sustainable, commercial-scale lithium production.
- Establishing a lithium royalty framework will drive regional investment, economic development, and provide fair compensation to landowners, contributing to a sustainable future.
- SWA Lithium LLC proposes a 2.5% gross royalty based on lithium output and North American index pricing, enhancing the development of lithium resources in Arkansas.
Impact - Why it Matters
This news matters as it highlights efforts to establish a lithium royalty framework that could boost investment in the region and contribute to economic development. The joint venture's proposal aims to provide fair compensation to landowners while advancing sustainable lithium production.
Summary
SWA Lithium LLC, a joint venture between Standard Lithium (NYSE American: SLI) and Equinor's Smackover Lithium, has applied for a lithium royalty framework in Arkansas. The proposal includes a 2.5% gross royalty based on lithium output, aiming to drive regional investment and economic growth while compensating landowners fairly. The hearing is scheduled for May 28, 2025, in Magnolia, Arkansas.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, SWA Lithium JV Applies for Royalty Framework in Arkansas
