Standard Lithium (TSX.V: SLI) (NYSE: SLI) (FRA: S5L), an innovative technology and lithium project development company, has announced that Koch Strategic Platforms (“KSP”), a subsidiary of Koch Investments Group, has completed its US$100 million investment in Standard Lithium through a direct private placement (the “direct investment”). According to the update, the direct investment is intended to support Standard Lithium’s strategic development goals and will be used by the company to pursue several objectives. These include continuing to rapidly advance the first commercial project proposed for the Lanxess facility and the acceleration and expansion of the company’s development of the Arkansas Lithium Project. The direct investment will also allow for strategic project expansion and support Standard Lithium as it continues to develop and commercialize modern lithium extraction and processing technologies and work collaboratively with Koch Engineered Solutions (“KES”) businesses.
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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 southwest 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 Exchange 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.
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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