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Smackover Lithium may get $1bn in loans

  • Market: Battery materials, Metals
  • 09/12/25

US lithium developer Smackover Lithium has gotten expressions of interest from three export credit agencies (ECAs) for over $1bn in loans to build the first phase project in southwest Arkansas.

The Export-Import Bank of the US and Export Finance Norway were two of the ECAs, Smackover Lithium said. It did not disclose the third.

Smackover Lithium is a joint venture between US lithium developer Standard Lithium and Norway energy company Equinor.

The funding would help finance the estimated $1.5bn South West Arkansas project. Smackover Lithium said it will negotiate with lenders if cost overruns occur.

The project will use direct lithium extraction technology to produce 22,500 metric tons (t)/yr of lithium carbonate. Construction is scheduled to begin in 2026, with first production expected in 2028.

Smackover Lithium estimated an average cash operating cost of $4,516/t. Argus' weekly US battery grade lithium carbonate assessment was unchanged today at $10.20-11.40/kg ddp.


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