Previous close | 0.0500 |
Open | 0.0700 |
Bid | 0.0500 |
Ask | 0.1500 |
Strike | 29.00 |
Expiry date | 2024-05-17 |
Day's range | 0.0700 - 0.1000 |
Contract range | N/A |
Volume | |
Open interest | 2.05k |
Per the deal, Equinor (EQNR) will pay Standard Lithium $30 million to cover past expenses related to the projects proportional to the acquired interest.
Equinor ASA (NYSE:EQNR) has entered into a strategic partnership with Standard Lithium Ltd (NYSE:SLI), a near-commercial lithium development company. This partnership aims to expedite the advancement of Standard Lithium’s sustainable lithium projects in the Smackover Formation. The transaction, valued at up to $160 million, marks Equinor’s entrance into the lithium sphere. Equinor has a 45% ownership stake in Standard Lithium’s projects. This includes a $30 million cash payment upon closing and
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 StatesVANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, today announced the closing of a landmark strategic partnership (the “Transaction”) with