Standard Lithium (NYSE American: SLI) reported robust fiscal Q1 2025 progress, highlighted by a $225 million conditional grant from the U.S. Department of Energy, marking one of the largest grants awarded to a U.S. critical minerals project. This funding supports the construction of Phase 1 for the South West Arkansas (“SWA”) lithium project, anticipated to produce 22,500 tonnes of lithium carbonate annually by 2028. David Park, newly appointed CEO, is steering the company’s focus toward production, advancing off-take agreements, and partnering with Equinor. Additionally, Standard Lithium has adopted Koch Technology Solutions’ advanced lithium extraction technology for use in the SWA project’s commercial facility.
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About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The company prioritizes projects characterized by the highest-quality resources, robust infrastructure, skilled labor and streamlined permitting. The company aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated direct lithium extraction (“DLE”) and purification process. The company’s flagship projects are located in the Smackover Formation, a world-class lithium-brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas Project, a greenfield project located in southern Arkansas, and is actively exploring promising lithium-brine prospects in east Texas. Additionally, the company is advancing the phase 1A project in partnership with LANXESS Corp., a brownfield development project located in southern Arkansas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California. For more information about the company, please visit www.StandardLithium.com.
NOTE TO INVESTORS: The latest news and updates relating to SLI are available in the company’s newsroom at https://ibn.fm/SLI
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