SLI - Equinor Pumps Millions Into Standard Lithium's Sustainable Projects | Benzinga
Equinor ASA (NYSE:EQNR) has entered into a strategic partnership with Standard Lithium Ltd (NYSE:SLI), a near-commercial lithium development company.
This partnership aims to expedite the advancement of Standard Lithium’s sustainable lithium projects in the Smackover Formation.
The transaction, valued at up to $160 million, marks Equinor’s entrance into the lithium sphere. Equinor has a 45% ownership stake in Standard Lithium’s projects.
This includes a $30 million cash payment upon closing and an additional investment of up to $130 ...