PFE:Standard lithium commits $1.3B to lithium plant at Smackover
Earlier this week ~$770M CAD capped Standard Lithium purchased ~118 acres of land in South West Arkansas, where the company plans to build a US$1.3BN lithium processing plant.
Standard Lithium is one of the many majors operating in the Smackover Basin in USA.
Our exposure to the region is Panterra Minereals (ASX: PFE) which recently acquired a 35% interest in projects in the region.
PFE joins other majors in the Smackover Formation, including:
- US$474BN Exxon
- US$22BN Albemarle
- US$768M Standard Lithium
- US$835M Tetra Technologies
Standard expects to have its plant in construction by the start of 2025 and in production by 2027.
See the full article on Standards move here:
See our latest PFE note to see our take on PFE’s 35% interest in the Smackover Basin, USA here: Pantera enters the Smackover- Next to $435BN “lithium hopeful” … uhhh Exxon Mobil?