Standard Lithium Ltd. and Equinor announced Thursday, January 16, 2025 that its jointly-owned U.S. subsidiary, SWA Lithium LLC, has closed the $225 million grant from the U.S. Department of Energy’s Office of Manufacturing & Energy Supply Chains.
The grant will support construction of Phase 1 of the South West Arkansas project in Lafayette and Columbia counties.
“Closing of the DOE grant is a testament to the caliber of the South West Arkansas project,” said David Park, CEO and director of Standard Lithium. “SWA is one of the highest-grade lithium brine projects in North America, and through the use of DLE technology, a near-term, sustainable opportunity to help secure America’s domestic lithium supply chain.”
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