Smackover Lithium, a Joint Venture between Standard Lithium (SLI) and Equinor (EQNR) announced a maiden inferred resource for its Franklin Project in the northeast region of Texas, USA. This report for the JV’s first project in the East Texas region of the Smackover highlights the size and quality of its brine position. It contains the highest reported lithium-in-brine grades in North America and marks a key step towards the ultimate goal of reaching production of over 100,000 tonnes of lithium chemicals per year in Texas through multiple phases. This goal is further supported by two additional projects that the JV is planning to develop in East Texas that roughly triples the size of the portfolio area in the state.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLI:
- SLI Upcoming Earnings Report: What to Expect?
- Standard Lithium price target raised to C$5.25 from C$4.75 at BMO Capital
- Positive Outlook for Standard Lithium Ltd: Strong DFS Results and Strategic Partnerships Support Buy Rating
- Smackover Lithium Announces Positive Feasibility Study for Arkansas Project
- Standard Lithium Grants 250,000 Incentive Stock Options