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Standard Lithium Ltd., via its Smackover Lithium partnership with Equinor, signed a binding take-or-pay offtake…
SLIStandard Lithium Ltd.
Standard Lithium Ltd., via its Smackover Lithium partnership with Equinor, signed a binding take-or-pay offtake agreement with LG Energy Solution for the South West Arkansas Project. The deal commits the project to supply 8,000 metric tonnes per year of battery-quality lithium carbonate over a 10-year period following commercial production start-up. This agreement complements a prior contract with Trafigura, bringing total committed offtake volume to approximately 90% of the targeted initial phase capacity. The partnership aims for a Final Investment Decision this year, targeting construction commencement and first commercial production in 2029. Standard Lithium Ltd. is a lithium development company focused on sustainable direct lithium extraction from brine resources in the United States.