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Standard Lithium's Smackover Signs Offtake Agreement with LG Energy Solution

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Standard Lithium's (SLI.V) Smackover Lithium joint venture with Equinor has signed its second offtake agreement with LG Energy Solution over the South West Arkansas project.

Under the terms, Standard Lithium agreed to provide LG Energy with 8,000 metric tonnes per year of battery-quality lithium carbonate produced from the project over a 10-year period after the start of commercial production.

Standard Lithium said about 90% of its total targeted offtake volumes for the project has now been committed, the company said Monday.

Standard Lithium previously secured an offtake agreement with Trafigura covering 8,000 metric tonnes per year over 10 years. The company aims to secure offtakes for 80% of the project's annual nameplate capacity of 22,500 metric tonnes of lithium carbonate in the initial phase.

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