Arkansas lithium project hires Wood to strengthen US domestic supply chain
Smackover Lithium, a partnership between Standard Lithium and Equinor, has awarded an EPCM (engineering, procurement, and construction management) contract to Wood for the upstream well field of the South West Arkansas lithium project. This project aims to produce 22,500 tonnes per annum of battery-quality lithium carbonate, supporting the strengthening of the US domestic supply chain. A Limited Notice to Proceed has been issued, allowing early engineering, permitting, and procurement work to commence ahead of the Final Investment Decision expected in 2026.
MAR 12·Insider Monkey▲
Smackover Lithium Announces Signing of First Commercial Offtake Agreement for South West Arkansas Project, Standard Lithium (SLI) Reports
Smackover Lithium, a joint venture between Standard Lithium Ltd. and Equinor, has signed its first commercial offtake agreement for the South West Arkansas Project with Trafigura Trading LLC. This binding take-or-pay agreement will supply 8,000 metric tonnes per year of battery-quality lithium carbonate over a 10-year period, covering over 40% of the targeted initial phase offtake commitments. Standard Lithium is currently in advanced negotiations with other parties to finalize the remaining 80% of offtake agreements for the project's 22,500 tonnes annual capacity.
JAN 1·MarketBeat→
Short Interest in Standard Lithium Ltd. (NYSEAMERICAN:SLI) Increases By 28.7%
Standard Lithium Ltd. (NYSEAMERICAN:SLI) experienced a significant increase in short interest during December, rising by 28.7% to 5,893,358 shares as of December 15th. This represents 2.5% of the company's shares outstanding with a days-to-cover ratio of 1.8 days. Despite this, analysts maintain an average "Buy" rating with an average target price of $5.25 for the stock.
