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Standard Lithium Ltd. develops lithium brine projects in the United States, with flagship activity in the Smackover Formation across Arkansas and Texas. Recurring updates center on the South West Arkansas Project, the company’s East Texas resource position, and the use of direct lithium extraction and purification technology to produce battery-quality lithium carbonate.
Company news also covers the Arkansas demonstration plant near El Dorado, Smackover Lithium joint venture activity with Equinor, customer offtake agreements such as the Trafigura contract, permitting and project-finance workstreams, financial results, equity financing updates, and strategic advisory engagements tied to domestic critical-minerals supply chains.
Standard Lithium Ltd. (SLI) announced a key resource expansion in the East Texas Smackover region, reporting the highest confirmed lithium grade brine in North America at 634 mg/L. This discovery is pivotal, as lithium concentration significantly influences capital expenditures and operational costs in Direct Lithium Extraction (DLE). The company has acquired rights to existing wells and plans to drill new ones, enhancing its portfolio in the Gulf Coast region. Standard Lithium is set to release further technical reports detailing these project areas shortly, underscoring its commitment to future lithium production.
Standard Lithium Ltd. has initiated a drilling program at its South West Arkansas Lithium Project to support its upcoming Preliminary Feasibility Study (PFS). The program aims to define resources, enhance the resource estimate, and optimize wellfield design. Dr. Andy Robinson, President and COO, stated that this systematic drilling involves both new and existing wells to gather necessary data for the PFS and the subsequent Definitive Feasibility Study (DFS). The initial re-entry into the Beulah-Taylor #1 well has been completed, reaching a total measured depth of 8,940 ft. The drilling program will continue through Q2 2023, collecting vital data for lithium extraction analysis.
Standard Lithium Ltd. (TSXV: SLI, NYSE: SLI, FRA: S5L) announced its participation in two upcoming investor conferences: the Loop Capital Markets Investor Conference and the 35th Annual ROTH Conference, both scheduled for March 13-14, 2023. The Loop Capital event will be virtual, while the ROTH Conference will take place in Laguna Niguel, CA. Management will hold one-on-one meetings with investors. Standard Lithium is a leader in lithium development with key projects in Arkansas focused on innovative lithium extraction methods. They operate a unique Direct Lithium Extraction facility, enhancing recovery efficiency and reducing environmental impact.
Standard Lithium Ltd. (TSXV: SLI, NYSE: SLI, FRA: S5L) will participate in the BMO 32nd Global Metals, Mining & Critical Minerals Conference from February 26 to March 1, 2023, in Hollywood, Florida. Management will host one-on-one meetings with investors. Interested parties can contact BMO Capital Markets or Standard Lithium's IR Team via email.
The company focuses on lithium extraction from brine across its key projects in Arkansas and is known for its innovative Direct Lithium Extraction technology. The company commenced various feasibility studies for its projects in 2022.
Standard Lithium (SLI) announced significant advancements in its commercial lithium extraction project, achieving key milestones in fiscal Q2 2023 ending December 31, 2022. The company secured a Site Access Agreement for its first commercial lithium plant, essential for conducting fieldwork for the Definitive Feasibility Study (DFS). Additionally, it received a Notice of Allowance for its final U.S. patent application on Direct Lithium Extraction (DLE) technology. The firm maintained a strong cash position with $107 million on hand and a working capital surplus of $105 million, while enhancing its competitive stance by installing a Carbon Capture Pilot Plant to minimize emissions.
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Standard Lithium Ltd. (TSXV: SLI, NYSE American: SLI) has appointed Claudia D'Orazio and Anca Rusu as independent directors, effective immediately. Claudia brings valuable experience from roles in oil, gas, and human resources, while Anca has over 20 years of expertise in global capital projects within the energy sector. These appointments aim to enhance the company's governance and support its growth during a critical phase. Standard Lithium focuses on lithium extraction from brine and operates an innovative Direct Lithium Extraction Demonstration Plant at its LANXESS Property Project. The company is strategically positioned for commercialization in the lithium market.
Standard Lithium Ltd. (SLI) announced successful completion of the USPTO review for its lithium extraction patents. The USPTO issued a Notice of Allowance for its third patent application, adding to two previously issued patents. This development enhances Standard Lithium’s proprietary Direct Lithium Extraction (DLE) technology from lithium brines. The company anticipates formal registration of the patent shortly. They are advancing projects in Arkansas, focusing on sustainable lithium production from brine sourced from significant mineral leases.
Standard Lithium has made significant progress towards its first commercial lithium plant in El Dorado, Arkansas. The company finalized a Site Access Agreement with LANXESS Corporation, allowing site work to commence for the Definitive Feasibility Study (DFS). The project, known as Phase 1A, is set at the LANXESS South Facility. Fieldwork is already underway, supervised by Optimized Process Designs LLC. This foundational work aims to gather essential data for designing the lithium extraction plant, which is expected to leverage environmentally efficient Direct Lithium Extraction technology.
Standard Lithium Ltd. (TSXV: SLI, NYSE: SLI, FRA: S5L) announced its participation in three key industry conferences from November 16 to December 9, 2022. These include the Benchmark 2022 Week in Los Angeles, where it will present at the Brine Lithium Panel on November 16, the Deutsche Bank Lithium Battery Supply Chain Conference in New York City on December 7, and the Bank of America Virtual Lithium Conference on December 8-9. The company focuses on lithium extraction from brine with projects in Arkansas and California, emphasizing environmentally friendly processing methods.