Equinor Pumps Millions Into Standard Lithium’s Sustainable Projects
Equinor ASA (NYSE:EQNR) ventures into the lithium market through a strategic $160 million partnership with Standard Lithium Ltd (NYSE:SLI), aiming to accelerate sustainable lithium projects in the Smackover Formation. Equinor secures a 45% ownership stake, pledging a $30 million initial payment and up to $130 million in contingent investments, bolstering Standard Lithium's financial outlook.
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