Equinor and Standard Lithium will receive a $225 million grant from the U.S. government to support their lithium project to boost supply of the mineral that is essential for battery production. Equinor and Standard Lithium entered a strategic partnership last year that saw the Norwegian energy major buy a stake in two Standard Lithium-owned lithium companies in southwest Arkansas and east Texas.

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,

LEWISVILLE, Ark. - Standard Lithium Ltd. (TSXV:SLI) (NYSE:A:SLI), currently trading at $1.57 with a market capitalization of $305 million, and energy company Equinor announced the closure of a $225 million grant from the U.