Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project development company, today provided an update on the installation of the “SiFT” lithium carbonate plant at its flagship South Arkansas project and other related developments. According to the update, the installation of the SiFT lithium carbonate plant is complete, with all major connections made to the existing plant, and the installation of a new weatherproof enclosure. Standard Lithium also issued an update on the status of the company’s team, plant and critical infrastructure at the El Dorado site following Hurricane Ida. In advance of the storm, Standard Lithium personnel ensured all equipment was moved to a safe staging area to protect against possible storm damage. Ultimately, with a shift in Hurricane Ida’s path, operations continued without interruption. “We’re very thankful that our team and operations are safe and that El Dorado was spared the worst of Hurricane Ida,” said Dr. Andy Robinson, president and COO of Standard Lithium. “Our project execution efforts continue and with the final stages of commissioning and integration almost finished, we are now in the final stages of running the only continuous, 24/7 start-to-finish brine-to-carbonate plant in North America.”
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About Standard Lithium Ltd.
Standard Lithium is an innovative technology and lithium development company. The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. The company has commissioned its first-of-a-kind industrial-scale direct lithium extraction demonstration plant at Lanxess’s south plant facility in southern Arkansas. The demonstration plant utilizes the company’s proprietary LiSTR technology to selectively extract lithium from Lanxess’s tail brine. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. Standard Lithium is jointly listed on the TSX Venture and the NYSE American Exchanges under the trading symbol “SLI,” and on the Frankfurt Stock Exchange under the symbol “S5L.” For more information, please visit the company’s website at www.StandardLithium.com.
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