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CANADA, 30 May 2023: Standard Lithium Ltd. a lithium company has entered into an exclusive financial advisory mandate with BNP Paribas (BNP) for limited recourse debt financing. The purpose of this financing is to fund the majority of the Lanxess 1A Project, the Company’s proposed first commercial project near El Dorado in southern Arkansas.
BNP Paribas as Financial advisor
BNP Paribas, a global leader in financial advisory and project financing for battery and critical mineral projects, will provide their expertise in this role.
Dr. Andy Robinson, the President of Standard Lithium, expressed his satisfaction with the engagement, stating that the Company is in the final stages of the Definitive Feasibility Study (DFS) for the Lanxess 1A project. With commercialization on the horizon, the Company has initiated the necessary financial processes to secure funding in the most capital-efficient manner for their first full-scale project.
Dr. Robinson acknowledged BNP’s strong track record in advising and securing debt financing for sustainable projects in the battery and critical mineral sector. He looks forward to working closely with them to secure project financing for construction, expected to commence next year.
Antonio Pichardo, a Director at BNP Paribas, expressed their pleasure in partnering with Standard Lithium for this significant debt financing opportunity. He highlighted that the project exemplifies Standard Lithium’s commitment to environmental protection and addresses the increasing demand for lithium. BNP Paribas is determined to strengthen their climate action efforts to support their clients and tackle future challenges. They are eager to assist Standard Lithium in becoming a prominent producer of responsible lithium for the rapidly growing electric vehicle market.
Conclusion
Standard Lithium has enlisted the services of BNP Paribas as their exclusive financial advisor for limited recourse debt financing. This partnership aims to secure funding for the Lanxess 1A Project, Standard Lithium’s first commercial venture. BNP Paribas’ expertise in financial advisory and project financing for battery and critical mineral projects will contribute to Standard Lithium’s goal of becoming a leading producer of sustainable lithium for the thriving electric vehicle industry.
