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Standard Lithium (NYSE American: SLI) and Equinor, through their 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 JV is pursuing up to $1.1 billion in limited recourse project financing, combining ECA-backed lending and guarantees with an uncovered commercial bank tranche. Market sounding with global lenders delivered strong interest at indicative terms that exceeded the targeted debt amount and aligned with expectations on cost, tenor and structure. Management said the response underscores the Project’s strategic importance and technological de-risking as the JV advances toward a Final Investment Decision, while noting that all expressions of interest remain subject to due diligence, approvals and definitive documentation.
To view the full press release, visit https://ibn.fm/Tl1rh
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated DLE and purification process. The Company’s flagship projects are in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the SWA Project, a greenfield project located in southern Arkansas, and actively advancing a promising lithium brine resource position in East Texas, including the highest known lithium brine grade project in North America, the Franklin Project.
Standard Lithium trades on both the TSX Venture Exchange (“TSXV”) and the NYSE American under the symbol “SLI”. Visit the Company’s website at www.standardlithium.com for more information.
NOTE TO INVESTORS: The latest news and updates relating to SLI are available in the company’s newsroom at https://ibn.fm/SLI
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