Standard Lithium (TSX.V: SLI) (NYSE: SLI) (FRA: S5L), an innovative technology and lithium project development company, today issued an update on several project and other related developments. Among the highlights, Standard Lithium provided details on the installation and successful commissioning of its “SiFT” lithium carbonate plant as well as expansion of its internal team and engagement of additional consulting services to advance all necessary project definition work for the company’s first commercial lithium plant. “The Standard Lithium team has been extremely busy over the last quarter,” Dr. Andy Robinson, president and COO of Standard Lithium, said in the news release. “We’ve continued to integrate processes into our El Dorado Demonstration plant, so that we now have the only continuous, 24/7 start-to-finish brine-to-carbonate plant in North America. Owing to the keystone investment into the company by Koch Strategic Platforms in Q4 last year, we’ve been able to grow our team and commission intensive studies that start us on the real path towards commercialization. We and our partners have significantly increased our knowledge of the scale-up process and have a better understanding of what the first commercial plant will look like. We have a lot of exciting work to complete in 2022, and we look forward to providing updates as we continue to grow our team, bring on new project execution partners and move Standard Lithium on its path of delivering the first new commercial lithium project in the United States for several decades.”
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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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