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re: Diving deeper on Standard Lithium?
Posted on 5/8/24 at 7:03 am to jamiegla1
Posted on 5/8/24 at 7:03 am to jamiegla1
Standard Lithium and Equinor Form Partnership to Develop South West Arkansas and East Texas Lithium Projects
“Equinor Commits to Contribute up to a US$160 million Gross Investment for a 45% interest in two special purpose entities with SLI to develop a sustainable lithium business in the United States”
“Equinor Commits to Contribute up to a US$160 million Gross Investment for a 45% interest in two special purpose entities with SLI to develop a sustainable lithium business in the United States”
This post was edited on 5/8/24 at 7:12 am
3
Posted on 5/8/24 at 7:09 am to ev247
45% interest in SWA and East TX. That’s strong. Hopefully Equinor comes out of this with a hell of an investment.
Posted on 5/8/24 at 7:22 am to ev247
Is Koch still a partner?
Posted on 5/8/24 at 7:48 am to ev247
Of course I’m insanely busy, so just a quick skimming of this, but am I reading it right that we are getting these initial payments as milestones are reached totaling $170 mil. And the entirety of the capital on these projects will be split 45/55 between equinor and SLI?
So basically Equinor is paying $170mil cash to kick these projects off, then splitting the capital with SLI after? A $3B SWA project, Equinor would pay a total of $1.35 billion?
So basically Equinor is paying $170mil cash to kick these projects off, then splitting the capital with SLI after? A $3B SWA project, Equinor would pay a total of $1.35 billion?
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