Standard Lithium Ltd. has bought 118 acres of land in Lafayette County as the location for a future lithium production facility
The company said in a statement issued early Wednesday that the land acquisition is intended to advance what it calls the “South West Arkansas Project.”
Plant construction is expected to start in 2025. The company hopes to make its first lithium deliveries from the facility in 2027. The company anticipates Lafayette County site lithium production of at least 30,000 tonnes annually, dwarfing planned annual production of about 5,400 tonnes from facilities in Union County.
The company said in August that it wanted to start construction on a $1.3 billion facility west of Magnolia in 2025, but didn’t announce a specific location.