Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, has exercised its option agreement with TETRA Technologies Inc. for the South West Arkansas (“SWA”) project. According to the announcement, the “significant move” builds on the positive data contained in the recent preliminary feasibility study (“PFS”) and confirms the company’s strategic direction. SLI entered the agreement with TETRA in 2017, which gave Standard Lithium the exclusive option to the brine production rights on approximately 27,000 net acres of brine leases located in Columbia and Lafayette Counties, Arkansas. The company began exploration activities on those leases designed to identify any lithium-bearing brines, which resulted in the announcement of what has become known as the SWA project. The recent PFS demonstrated robust economics and some of the highest reported lithium brine concentrations in North America.
The company plans on completing a FEED and definitive feasibility study for the SWA project next year with construction beginning in 2025 and initial commercial production expected by 2027. “This is an important and natural step for us as we advance our South West Arkansas project,” said Standard Lithium president and COO Andy Robinson in the press release. “Our primary goal is to unlock the commercial potential of the Smackover Formation. The TETRA acreage within the SWA project area has delivered outstanding results from our exploration efforts. Our defined total resource has grown over 100% within the last five years, with an improved average lithium concentration of 437 mg/L. Having secured the exclusive lithium brine rights, we are poised to progress the SWA project to FEED and Definitive Feasibility Study stages.”
To view the full press release, visit https://ibn.fm/9JWPv
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of lithium-brine bearing properties in the United States. The company prioritizes brine projects characterized by high-grade resources, robust infrastructure, skilled labor and streamlined permitting. The company aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated direct lithium extraction (“DLE”) and purification process. The company’s signature projects, the Phase 1A Project and the South West Arkansas Project, are located on the Smackover Formation in southern Arkansas near the Louisiana state line, a region with a long-standing and established brine-processing industry. The company has also identified a number of highly prospective lithium brine project areas in the Smackover Formation in east Texas and began an extensive brine-leasing program in the key project areas. In addition, the company has an interest in certain 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
About InvestorWire
InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer
InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
[email protected]
InvestorWire is powered by IBN