EQNR News & Events

Smackover Lithium, a joint venture between Standard Lithium (SLI) and Equinor (EQNR) announced the signing of its first commercial offtake agreement for the South West Arkansas project with Trafigura Trading. Under the terms of this binding take-or-pay offtake agreement, the JV will supply Trafigura with 8,000 metric tons per year of battery-quality lithium carbonate over a 10-year period, beginning at the start of commercial production. Pricing terms of the agreement are subject to confidentiality but are structured to support the anticipated financing for the project. The JV is seeking to finalize customer offtake agreements for roughly 80% of the 22,500 tons of annual nameplate lithium carbonate capacity for the initial phase of the SWA project. This first agreement represents over 40% of the targeted offtake commitments. The JV is in advanced commercial negotiations with multiple additional parties with the aim to complete this process as soon as practical. The offtake process is being run in conjunction with the SWA project financing process and is critical to supporting the contemplated debt size, duration and structure. The JV plans to announce additional customer offtake agreements as they are finalized, in preparation for a final investment decision for the SWA project and the close of project financing. The JV provided a financing update on December 9, 2025 highlighting indications of interest for over $1B in debt. Standard Lithium intends to provide an update on customer offtakes and FID plans for the project with its upcoming fourth quarter 2025 earnings release and conference call.

Latest data shows the largest indicative borrow rate increases among liquid option names include: Asset Entities Inc (ASST) 3.17% +1.37, Sealsq Corp (LAES) 49.88% +0.76, Equinor (EQNR) 3.45% +0.40, ISHARES BITCOIN TRUST ETF (IBIT) 1.23% +0.35, BorgWarner (BWA) 0.67% +0.27, Aduro Clean Technologies Inc. (ADUR) 11.40% +0.23, Gold Bear 3x (DUST) 6.00% +0.20, ACDC (ACDC) 0.72% +0.19, Lam Research (LRCX) 0.44% +0.16, and Offerpad Solutions (OPAD) 6.41% +0.16.