May. 2 at 4:00 AM
$SLI just signed its FIRST binding offtake agreement for lithium carbonate from the SWA project via Equinor JV. FID approaching. Arkansas Smackover brine = lowest cost, lowest carbon lithium in North America. Monthly chart at
$3.96 pulling back from
$5.32. 3 analysts Strong Buy, avg PT
$5.25.
🐂 Hold
$2.80 + reclaim
$4.03 =
$5.25 analyst PT, FID confirmed =
$7+
🐻 Lose
$2.80 =
$1.25 macro support zone
⚠️ FID is the single biggest catalyst — watch for timeline announcement
🟢 First binding offtake = de-risks the project commercially — massive green flag
🟢 Equinor as JV partner = institutional credibility + balance sheet depth
🟢 Trump critical minerals + domestic lithium policy = regulatory tailwind
🟢 Lithium prices projected
$28K/ton by 2026 — economics improving fast
🚩 Pre-revenue, pre-production — pure development stage risk
🚩 Lithium price still depressed vs 2022 highs — recovery not guaranteed
#Lithium #CriticalMinerals #EVBattery #hovdid