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by Will Purcell
The critical and specialty minerals stocks box score for Wednesday was a weak 66-102-142 as the TSX Venture
Exchange added five points to 945. David Park's Standard Lithium Ltd. (SLI) fell 31 cents to $6.40 on 232,000 shares. The company is exploring and promoting plans for a major lithium extraction project, the South West Arkansas project in the Smackover basin of -- well -- southwestern Arkansas. Smackover Lithium, the joint venture between the company and Norway-based Equinor ASA, is seeking a senior secured, limited recourse debt financing package of up to $1.1-billion (U.S.).
Standard Lithium now enthuses that it has "received expressions of interest from three major export credit agencies" for over $1-billion (U.S.) in senior secured project debt in order to finance construction of a first phase of development at the project. The expressions of interest include one from the Export-Import Bank of the United States (EXIM) and another from Export Finance Norway (Eksfin) -- the source of the third expression of interest perhaps not being worth naming.
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