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Smackover Lithium’s Arkansas Project Secures Historic Royalty Approval

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Smackover Lithium’s Arkansas Project Secures Historic Royalty Approval

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Standard Lithium Ltd ( (TSE:SLI) ) has shared an announcement.

Smackover Lithium, a joint venture between Standard Lithium Ltd. and Equinor, has received approval from the Arkansas Oil and Gas Commission for a 2.5% royalty rate for Phase I of its South West Arkansas Project. This approval marks the first royalty rate for lithium from brine extraction in Arkansas, setting a precedent for future developments. The project, with a planned production capacity of 22,500 tonnes per year of battery-quality lithium carbonate, is expected to reach full commercial production by 2028. This development underscores the state’s commitment to landowners and lithium development, and it represents a significant step towards the final investment decision, potentially impacting the economic development of Arkansas’s lithium resources.

The most recent analyst rating on (TSE:SLI) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Standard Lithium Ltd stock, see the TSE:SLI Stock Forecast page.

Spark’s Take on TSE:SLI Stock

According to Spark, TipRanks’ AI Analyst, TSE:SLI is a Neutral.

Standard Lithium Ltd’s overall stock score reflects significant financial challenges, including lack of revenue and reliance on external funding. Despite this, strategic partnerships and technological advancements provide a cautiously optimistic outlook. Technical indicators suggest neutral to mild downward momentum, while recent corporate events highlight potential future growth.

To see Spark’s full report on TSE:SLI stock, click here.

More about Standard Lithium Ltd

Standard Lithium Ltd. is a leading near-commercial lithium development company focused on the sustainable development of large, high-grade lithium-brine properties in the United States. The company prioritizes projects with high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Its flagship projects are located in the Smackover Formation in Arkansas and Texas, and it is advancing the South West Arkansas project in partnership with Equinor.

Average Trading Volume: 168,105

Technical Sentiment Signal: Buy

Current Market Cap: C$496.1M

For detailed information about SLI stock, go to TipRanks’ Stock Analysis page.

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