Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project-development company, has received a $100 million director investment from Kock Strategic Platforms (“KSP”). That investment comes through a direct private placement. KSP is a subsidiary of Kock Investments Group. The investment calls for KSP to subscribe for 13,480,083 SLI common shares at $7.42 per share, resulting in $100 million. In addition, the two companies will evaluate the possibilities of working together in areas that align with Standard Lithium’s project development needs. SLI plans on using the funds to advance its commercial project proposed for the Lanxess facility as well as expand its development of the Southwest Arkansas Lithium Project. The funding will also support the development and commercialization of the company’s modern lithium extraction and processing technologies along with strategic project expansion. “We’re entering an important phase for Standard Lithium, and we’re thrilled to be starting it with a globally recognized industrial leader like Koch Strategic Platforms as a partner” said Standard Lithium CEO Robert Mintak in the press release. “KSP has an impressive track record of investing in disruptive technologies, and their backing is an important endorsement of the company’s core technology, development plans and of our intent to make the Gulf Region a leading supplier of lithium resources.”
To view the full press release, visit https://ibn.fm/Me9Lm
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 more than 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. 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 more than 30,000 acres of separate brine leases located in southwestern Arkansas, referred to as the Southwest Arkansas Lithium Project, and approximately 45,000 acres of mineral leases located 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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