Standard Lithium Stock Price, News & Analysis

SWA Lithium, a joint venture between Standard Lithium and Equinor ASA, has begun drilling a new exploration well (Lester-1) at their South West Arkansas Lithium Project. The well has reached 8,000 feet depth, with a target of 9,600 feet. The project includes core sampling from the Smackover Formation and extensive reservoir testing.

The company is also conducting field programs at four existing wells in the proposed first area of operation, involving well re-entry, hydraulic testing, and brine sampling. Initial results indicate better reservoir properties than previously documented in the preliminary feasibility study, with higher lithium concentrations in brine samples.

The data collected will inform the upcoming Front End Engineering Design (FEED) and Definitive Feasibility Studies (DFS), scheduled for completion by mid-2025. Large volumes of brine have been collected from the International Paper Company well for field-based pilot testing.

SWA Lithium, a joint venture between Standard Lithium and Equinor, has successfully launched a pilot Direct Lithium Extraction (DLE) plant at the South West Arkansas Project. The facility, developed in partnership with Koch Technology Solutions (KTS), processes brine directly from SWA to validate engineering design parameters and produce battery-quality lithium carbonate samples for potential off-take partners.

The pilot plant utilizes KTS Li-Pro™ Lithium Selective Sorption technology and will operate until late-January 2025. It's expected to produce approximately 1,000 gallons of concentrated lithium chloride solution, which will be converted by three vendors into approximately 30 kg of battery-quality lithium carbonate. This output will be used for qualification with potential off-take partners and help inform vendor selection for the first commercial facility.

Standard Lithium (TSXV:SLI) has appointed Paul Collins as an independent member of its board of directors. Collins brings over 35 years of advisory and investment banking experience in industrials, chemicals, and energy sectors. His appointment comes as the company prepares for a pivotal 2025, focusing on securing customer off-take commitments and financing.

Collins previously served as Senior Advisor and Partner at Centerview Partners (2014-2023), Vice Chairman of Barclay's North American Investment Banking Division (2008-2014), and held leadership positions at several major financial institutions. Throughout his career, he has advised on transactions totaling approximately $190 billion worldwide.

Standard Lithium (NYSE American:SLI) announced its fiscal Q1 2025 results, highlighting a conditional $225 million DOE grant for the South West Arkansas Project, one of the largest ever awarded to a U.S. critical minerals project. The company reported $28.9 million in cash and $24.7 million in working capital as of September 30, 2024, with no debt obligations. The company appointed David Park as CEO effective September 1, 2024. Their commercial-scale DLE column achieved 95.4% lithium recovery efficiency. Phase 1 of the SWA project is planned to produce 22,500 tonnes of battery-quality lithium carbonate annually starting in 2028.

SWA Lithium has signed a license agreement with Koch Technology Solutions to use their Li-Pro Lithium Selective Sorption technology for their first commercial DLE project in North America. The agreement includes technology performance guarantees with lithium recovery ≥95% and impurity rejection ≥99% for key elements.

The commercial-scale DLE column at the Demonstration Plant has shown impressive results, achieving 95.4% lithium recovery efficiency during a four-month continuous operation period, processing 90 gallons per minute of brine. The technology has completed over 9,740 operational cycles and processed over 24 million gallons of Smackover brine, demonstrating excellent contamination rejection rates exceeding 99% for major impurities.

Standard Lithium (TSXV:SLI) (NYSE American:SLI) reported its financial results for the fiscal year and fourth quarter ended June 30, 2024. Key highlights include:

1. Received a conditional $225 million grant from the U.S. Department of Energy for the South West Arkansas Project.

2. Secured a strategic partnership with Equinor, who acquired a 45% interest in two Standard Lithium entities for up to $160 million.

3. Successfully installed and operated the Li-Pro™ Lithium Selective Sorption commercial scale unit at its Demonstration Plant in El Dorado, Arkansas.

4. Reported high lithium concentrations in drilling programs, with up to 806 mg/L in East Texas.

5. Advanced the South West Arkansas Project, targeting 45,000 tpa of lithium carbonate production in two phases.

6. Strengthened the management team with key executive appointments.

7. Reported cash and working capital of C$52.9 million and C$39.6 million, respectively, as of June 30, 2024.

Standard Lithium (TSXV:SLI) (NYSE American:SLI) and Equinor's jointly-owned U.S. subsidiary, SWA Lithium , has been selected for up to US$225 million award negotiation from the U.S. Department of Energy (DOE). This conditional grant, one of the largest ever awarded to a U.S. critical minerals project, is part of the second wave of funding under the Infrastructure Investment and Jobs Act.

The funding aims to expand domestic battery supply chain manufacturing and increase U.S. critical minerals production. Arkansas Governor Sarah Sanders and other state officials congratulated Standard Lithium, highlighting the potential for lithium to boost South Arkansas' economy and establish the state as a world leader in lithium production. The project is expected to create hundreds of jobs and strengthen the nation's lithium supply chain.

Standard Lithium and Equinor have been selected for up to $225 million award negotiation from the U.S. Department of Energy for their South West Arkansas lithium project. This funding will support the construction of a Central Processing Facility designed to produce 22,500 tonnes of battery-quality lithium carbonate annually using Direct Lithium Extraction technology.

The project, owned 55% by Standard Lithium and 45% by Equinor, is being expanded to target a total output of 45,000 tonnes per annum of lithium carbonate in two phases. Located in Lafayette and Columbia Counties, Arkansas, the project is expected to create up to 300 construction and 100 direct jobs, while benefiting the local community through infrastructure improvements and various development programs.

This selection is part of the DOE's efforts to expand domestic manufacturing of battery supply chain components and increase critical mineral production in the U.S.

Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) and Standard Lithium (TSXV: SLI) (NYSE American: SLI) have successfully developed a new method for producing high-purity lithium sulfide, a important material for next-generation solid-state batteries (SSBs). The innovative low-temperature, high-purity process addresses key challenges in lithium sulfide production:

• Reduced production costs due to lower energy consumption
• Improved product purity for enhanced SSB performance
• Simplified production process for easier management and scalability
• Environmental benefits from reduced energy use and potentially less hazardous reagents

This breakthrough aims to establish a North American-based resource and infrastructure for next-generation battery materials, potentially transforming the solid-state battery industry.