Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L) is a leading near-commercial lithium company. As part of its significant resource expansion work in the East Texas Smackover region, the company today announced that it has sampled, to the best of its knowledge, the highest confirmed lithium grade brine in North America, with a grade of 634 mg/L lithium. In Standard Lithium’s experience, the grade of lithium in brine used for direct lithium extraction (“DLE”) has a meaningful impact on operating and capital expenditures in the extraction process, with a higher grade typically resulting in lower overall costs. “We’re excited to discover this outstanding resource and to add it to our expanding portfolio of select projects in the Smackover Formation. We have built a large and technically diverse team of Smackover specialists who have been working for almost three years to understand the most prospective areas to secure the highest quality brine resources in East Texas,” said Dr. Andy Robinson, president and COO of Standard Lithium. “The technical group has been supplemented by a strong team of mineral and land professionals who have been securing the extensive brine rights in these key project areas. Based on this work, the company acquired the rights to one existing well and to drill a new deep well. We are delighted that sampling from the new well has led us to find lithium brine with, to the best of the company’s knowledge, the highest grade in North America.”
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About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company with a portfolio of projects in process. The company’s flagship LANXESS and South West Arkansas projects are located in southern Arkansas near the Louisiana state line. The company is focused on the evaluation and testing of commercial lithium extraction and purification from brine sourced from approximately 180,000 acres of leases across these two projects. The company operates a first-of-a-kind industrial-scale Direct Lithium Extraction (“DLE”) Demonstration Plant at the LANXESS Property Project. 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. A Definitive Feasibility Study (“DFS”) and Front-End Engineering Study (“FEED”) for Phase 1A of the LANXESS Property Project commenced in September 2022. A Preliminary Feasibility Study (“PFS”) of the South West Arkansas Project commenced in May 2022. The company is also pursuing the resource development of other projects in the Smackover Formation in East Texas, as well as 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 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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