Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, has named David Park, a veteran executive with a strong energy and industrial sector background, as a senior strategic advisor; Park recently retired from Kock industries after 28 years. According to the announcement, Park most recently served as president of Koch Strategic Platforms, the division of Koch Industries that invested in SLI in 2021. In addition, Park has served as SVP for strategy and business development for Georgia-Pacific, LLC, a subsidiary of Koch Industries; president of TrueNorth Energy and Koch Exploration; and CFO of Koch’s Canadian exploration and production, pipeline and energy trading business. Prior to joining Kock, Park worked as an international business development specialist at Atomic Energy of Canada Ltd. Park has built a reputation for consistently delivering outstanding results, driving success and generating significant value. “We are pleased to welcome David to Standard Lithium,” said Standard Lithium CEO and director Robert Mintak in the press release. “Mr. Park brings extensive knowledge, experience and valuable industry relationships in the energy, industrial and financial sectors. He will play a pivotal role in refining and accelerating our commercial strategies moving forward and contribute meaningfully on our journey to become the next producer of lithium in the United States.”
In addition, Standard Lithium also reported on progress regarding feasibility studies related to two projects: LANXESS Project and South West Arkansas Project (“SWA”). The feasibility studies for both projects began last year, with both scheduled for completion later this year. “We expect to file the feasibility studies for our flagship Arkansas projects early in the third quarter,” said Standard Lithium COO and director Dr. Andy Robinson in the press release. “Our project teams and partners are working diligently to complete the studies, which we are eager to finalize and share with key stakeholders. We look forward to showcasing the hard work our teams have put in over the last 12 months. We await final vendor pricing for our LANXESS Project DFS and for critical, third-party analytical data from the SWA drilling work for the PFS. We have analyzed all of the brine samples from SWA at our own analytical facility and anticipate sharing the data once we receive verification from the external laboratory. We continue to expect our flagship Arkansas projects to be meaningful contributors to U.S. lithium production in the coming decades.”
To view the full press release, visit https://ibn.fm/mWacX
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 projects, the Lanxess Project and the South West Arkansas Project, 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 unitized leases across these two projects. The company operates a first-of-a-kind, industrial-scale direct lithium extraction (“DLE”) Demonstration Plant at the Lanxess 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 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. 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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