Smackover Lithium reports that it has received expressions of interest from three major Export Credit Agencies for over $1 billion in senior secured project debt to fund the construction of Phase 1 of the SWA Project.
Among interested parties are the Export-Import Bank of the United States (EXIM) and Export Finance Norway (Eksfin).
Smackover Lithium is a joint venture between Canadian-owned Standard Lithium, and Norway’s Equinor. The joint venture plans to build a brine field in Columbia and Lafayette counties, and a lithium processing facility south of Lewisville.
Smackover Lithium is currently seeking a senior secured, limited recourse debt financing package of up to $1.1 billion in total, also known as the “project debt.”
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