Standard Lithium Ltd (TSE:SLI) has released an update.
Standard Lithium Ltd. and its partner Equinor have been selected by the U.S. Department of Energy for award negotiations up to $225 million for their South West Arkansas lithium project, aiming to bolster domestic battery supply chains. The funding is intended to support the construction of a Central Processing Facility capable of producing 22,500 tonnes of lithium carbonate annually. This project is poised to significantly impact local communities through job creation and various developmental programs.
For further insights into TSE:SLI stock, check out TipRanks’ Stock Analysis page.