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Standard Lithium, Equinor Outline $3.5B East Texas Lithium Project
The project outlines up to 70,000 tonnes a year of battery-quality lithium carbonate and an after-tax 24% internal rate of return, the company said.
- On September 8, Smackover Lithium—a partnership between Standard Lithium Ltd. and Equinor ASA—announced positive results from a Preliminary Economic Assessment for the Franklin Project in East Texas.
- Extensive brine mineral leasing since 2022 expanded the Franklin area to 44,541 hectares, enabling Smackover Lithium to upgrade mineral resources and define a large-scale operation using direct lithium extraction technology.
- The PEA estimates an unlevered after-tax net present value of $5.0 billion with annual production capacity of up to 70,000 tonnes of battery-quality lithium carbonate and a 24.0% internal rate of return.
- Development requires initial capital expenditure of $3.5 billion, and the company intends to advance Franklin to a Preliminary Feasibility Study targeted for completion in 2027.
- The partnership leverages process flowsheet expertise from the South West Arkansas Project to support its goal of reaching well over 100,000 tonnes of annual lithium chemical production in Texas.
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The Toronto Star+9 Reposted by 9 other sources
Smackover Lithium Announces Positive Preliminary Economic Assessment for the Franklin Project, Its First Lithium Project in East Texas
Unlevered after-tax NPV8 and IRR of US$5.0 billion and 24%, respectivelyUp to 70,000 tonnes per year of battery-quality lithium carbonate productionCapital intensity of $49.9k per tonne with average annual cash operating cost of $4,226 per tonneUpgraded and upsized Mineral Resource…
·Toronto, Canada
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