Standard Lithium Ltd (TSE:SLI) has released an update.
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Standard Lithium Ltd., a prominent lithium development firm, has settled an advisory fee through the issuance of common shares valued at US$800,000 to further strategic partnerships, notably with Equinor ASA, to enhance its lithium projects in Arkansas and Texas. The company is focused on sustainable, large-scale lithium-brine properties in the U.S. and is progressing towards commercial lithium production with its innovative Direct Lithium Extraction process. Regulatory approvals are pending for the new share issuance, which will also include a specified resale restriction period.
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