09 May 2024
09 May 2024
Equinor will invest up to $160m (Nkr1.75bn) and will secure a 45% stake in Standard Lithium's projects in south-west Arkansas and east Texas.
The company will buy the Echum and Hubcap properties, located adjacent to Alamos Gold and Red Pine Exploration, respectively.
The company plans to use the facility to advance its mining operations, specifically the Ana Paula deposit.
Trinex can initially earn a 51% stake in the project by fulfilling cash, share payments and minimum expenditure requirements.
The decision factors in the security risks in the country and the expected economic impact from the 2023 Malian Mining Code.
The entitlement offer aims to raise A$256.1m ($168.19m), while the institutional placement looks to garner around A$343.9m.
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