Equinor obtains stake in lithium projects

International energy company Equinor said it has entered an agreement with Standard Lithium to acquire a 45% stake in lithium projects located in southwest Arkansas and east Texas, reported Reuters. Equinor will initially compensate Standard Lithium $30 million and cover project expenses up to $33 million. Potential future milestones could see the company pay an additional $70 million in aggregate…

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