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Stock impact report

Standard Lithium gets boost from Washington in Arkansas lithium race [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Mobil to become the first company to produce lithium in Arkansas, a U.S. state containing one of North America's largest supplies of the battery metal. The vote of confidence by multiple parts of the U.S. government is one of Washington's strongest yet for any lithium project and ?shows increasing comfort with the still-unproven direct lithium extraction (DLE) industry. U.S. senators, the Department of Energy and federal permitting officials have backed Standard this year. U.S. allies are considering providing debt financing.? Standard had been working to develop its DLE project for more than seven years, but Exxon in 2023 made a splash with a $100 million investment into Arkansas with aims to be a dominant player. Lithium prices have been weak in recent months and Exxon has now delayed its lithium plans by at least a year. ?Standard has also gone slowly, but still aims to push the project forward on its 30,000 Arkansas acres, with first production slated for 2028. Standard' Show less Read more
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