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FAQ: Standard Lithium and Equinor Joint Venture Approval for South West Arkansas Lithium Project
TL;DR
Standard Lithium's regulatory approval secures exclusive access to 20,854 acres of brine resources, positioning the company to capitalize on growing battery material demand starting in 2028.
The approval finalizes unitization for Standard Lithium's SWA Project, establishing a 2.5% lithium royalty framework and securing brine production rights across 20,854 acres in Arkansas.
This project advances sustainable lithium production for electric vehicle batteries, supporting the transition to cleaner transportation and reducing carbon emissions globally.
Standard Lithium achieved the first-ever lithium royalty approval in Arkansas history, pioneering new regulatory frameworks for domestic battery material production.
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Standard Lithium and Equinor's joint venture, Smackover Lithium, received unanimous approval from the Arkansas Oil and Gas Commission for its Integration Application covering the Reynolds Brine Unit, which is the site of their flagship South West Arkansas Project.
This approval finalizes a major regulatory milestone that ensures access to the 20,854-acre brine production area while protecting mineral owners' rights and de-risking the project's resource base.
The SWA Project plans to produce 22,500 tonnes of battery-quality lithium carbonate annually beginning in 2028.
The joint venture is between Standard Lithium Ltd. (55%) and Equinor (45%), operating under the name Smackover Lithium.
The project previously received unanimous AOGC approval for unitization and a 2.5% lithium royalty, which was the first of its kind in Arkansas.
The project is located in the Reynolds Brine Unit covering 20,854 acres in southern Arkansas, within the Smackover Formation.
Standard Lithium is a near-commercial lithium development company focused on sustainable development of large, high-grade lithium-brine properties using a scalable and fully integrated DLE (Direct Lithium Extraction) and purification process.
Standard Lithium is also actively advancing a promising lithium brine resource position in East Texas, in addition to the SWA Project in Arkansas.
The latest news and updates relating to SLI are available in the company's newsroom at https://ibn.fm/SLI.
The Smackover Formation is described as a world-class lithium brine asset where Standard Lithium's flagship projects are located, providing high-grade resources for lithium production.
Curated from InvestorBrandNetwork (IBN)
