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FAQ: Standard Lithium's $1B+ ECA Interest for South West Arkansas Project Financing
TL;DR
Standard Lithium's joint venture secured over $1 billion in ECA interest for Arkansas project financing, offering investors strategic advantage in near-commercial lithium development.
The joint venture combines ECA-backed lending with commercial bank tranches to pursue up to $1.1 billion in limited recourse project financing for Phase 1 construction.
This sustainable lithium production project advances green energy solutions, supporting cleaner technologies and reducing environmental impact through innovative brine processing methods.
Standard Lithium's Smackover Formation projects include North America's highest known lithium brine grade, showcasing cutting-edge direct lithium extraction technology in Arkansas and Texas.
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Standard Lithium Ltd. and Equinor's Smackover Lithium joint venture reported receiving over $1 billion in expressions of interest from major Export Credit Agencies (including EXIM and Export Finance Norway) for senior secured project debt to support Phase 1 construction of the South West Arkansas Project.
The strong market response with over $1 billion in expressions of interest exceeds the targeted debt amount and underscores the project's strategic importance and technological de-risking as the joint venture advances toward a Final Investment Decision.
The joint venture is pursuing up to $1.1 billion in limited recourse project financing, combining ECA-backed lending and guarantees with an uncovered commercial bank tranche.
Standard Lithium Ltd. (NYSE American: SLI) and global energy leader Equinor are partners in the Smackover Lithium joint venture that is developing the South West Arkansas Project.
The South West Arkansas Project is a greenfield project located in southern Arkansas, within the Smackover Formation, which is a world-class lithium brine asset.
The joint venture is advancing toward a Final Investment Decision, with market sounding delivering strong interest from global lenders at indicative terms that exceeded the targeted debt amount.
All expressions of interest remain subject to due diligence, approvals and definitive documentation before final financing arrangements can be completed.
Standard Lithium is a leading near-commercial lithium development company focused on sustainable development of large, high-grade lithium-brine properties in the United States, particularly in the Smackover Formation in Arkansas and Texas.
Investors can visit the company's website at www.standardlithium.com or access the latest news and updates relating to SLI in the company's newsroom at https://ibn.fm/SLI.
Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction (DLE) and purification process.
Curated from InvestorBrandNetwork (IBN)
