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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. (TSXV: SLI, NYSE: SLI) announced a US$100 million investment from Koch Strategic Platforms (KSP) through a direct private placement, to support its strategic development goals. The investment includes issuing 13,480,083 common shares at CDN$9.43 (US$7.42) each. Proceeds will facilitate rapid advancement of the Lanxess facility project and expand the South West Arkansas Lithium Project. Strategic collaborations with Koch Industries subsidiaries will also enhance technology and supply chain efficiencies, positioning Standard Lithium as a key player in U.S. lithium production.
Standard Lithium (TSXV: SLI, NYSE: SLI) addresses inaccuracies in a report by Blue Orca Capital, which the company views as misleading. The report misinterprets data from the Arkansas Oil and Gas Commission regarding lithium chloride production, suggesting that Standard Lithium's recovery rates are declining. The company clarifies that only temporarily stored lithium chloride was reported, not total production. The Demonstration Plant's objective is to validate the production of battery-quality materials, not to stockpile lithium chloride. Standard Lithium continues to focus on its strategic goals and commercialization plans.
Standard Lithium Ltd. (SLI) has issued a response to a misleading report by Blue Orca Capital, highlighting inaccuracies that could misinform investors. The company emphasizes that the report incorrectly interprets data reported to the Arkansas Oil and Gas Commission (AOGC) regarding lithium chloride production from its Demonstration Plant. Standard Lithium clarifies that the reported figures only represent temporarily stored lithium chloride, not the larger amounts continually reinjected into the brine formation. The firm remains confident in its extraction technology and is focused on advancing its strategic plans.
Standard Lithium Ltd. (TSXV: SLI, NYSE American: SLI) announced its audited consolidated financial statements for the fiscal year ending June 30, 2021. The report includes an audit opinion highlighting concerns regarding the Company's ability to continue as a going concern, as mandated by NYSE American guidelines. There are no amendments to previous filings. Standard Lithium operates a lithium extraction project in southern Arkansas, utilizing its proprietary LiSTR technology at an industrial-scale demonstration plant, aimed at enhancing lithium recovery and reducing environmental impact.
Standard Lithium Ltd. has released a Preliminary Economic Assessment (PEA) for its South-West Arkansas Lithium Project, showcasing a pre-tax NPV of US$2.83 billion and an IRR of 40.5%. The project anticipates an average annual production of 30,000 tonnes of battery-quality lithium hydroxide over a 20-year mine life, with operating costs estimated at US$2,599 per tonne. The total capital expenditure is projected at US$870 million. This PEA highlights a total in-situ resource of 1,195,000 tonnes LCE, positioning Standard Lithium for significant advancements in lithium production.
Standard Lithium Ltd. announced positive results from the Preliminary Economic Assessment (PEA) of its South-West Arkansas Lithium Project. The PEA estimates a pre-tax NPV of US$2.83 billion with an internal rate of return (IRR) of 40.5%. The project, which has a 20-year mine life, plans to produce an average of 30,000 tonnes per year of battery-quality lithium hydroxide at operating costs of US$2,599 per tonne. Total capital expenditure is projected at US$870 million. The updated resource estimate shows a total in-situ resource of 1,195,000 tonnes Lithium Carbonate Equivalent (LCE) in the inferred category.
Standard Lithium Ltd. (SLI) is launching a pilot project in southern Arkansas to test a novel carbon capture technology in collaboration with Aqualung Carbon Capture AS and Mission Creek Resources LLC. The project aims to reduce CO2 emissions and minimize reagent costs, contributing to sustainable lithium production in the Gulf Coast region. The pilot, utilizing a membrane system for CO2 extraction, aligns with the White House's Carbon Capture initiative. Manufacturing of the pilot unit is set to begin in Q4 2021, with installation planned for early 2022.
Standard Lithium Ltd. (SLI) is launching a pilot project in southern Arkansas to test innovative carbon capture technology in collaboration with Aqualung Carbon Capture AS. The project aims to minimize CO2 emissions from lithium production processes and optimize production costs. This initiative aligns with the U.S. government's goals for sustainable lithium production and reflects an alignment with the White House's recent CCUS announcement. Manufacturing of the pilot unit is set to begin in Q4 2021, with installation planned for early 2022.
Standard Lithium Ltd. (SLI) provided an update on its SiFT lithium carbonate plant installation at the South Arkansas project. The plant is fully installed, with 'wet' commissioning ongoing, aiming for operational integration by September. A new High Pressure Reverse Osmosis (HPRO) unit is now operational, enhancing the lithium extraction process. The company also reported no storm-related disruptions from Hurricane Ida due to preemptive safety measures. Standard Lithium is engaged in community sponsorships for local events, promoting corporate social responsibility.
Standard Lithium Ltd. (SLI) has completed the installation of its SiFT lithium carbonate plant at its South Arkansas project. All major connections are made, with 'wet' commissioning ongoing and full operations expected to start in September. The company also announced the installation of a High Pressure Reverse Osmosis unit to enhance lithium chloride concentration. Furthermore, operations were uninterrupted by Hurricane Ida due to proactive safety measures. Standard Lithium is committed to community engagement, sponsoring local events.