Standard Lithium advances in high-grade lithium brine extraction
2023.11.14 14:47
ARKANSAS – Standard Lithium Ltd., a key player in the United States lithium market, is making significant strides in the extraction of high-grade lithium brine resources, particularly in Arkansas’s Smackover Formation. The company’s recent developments have been bolstered by Exxon (NYSE:)’s entry into the region for lithium exploration, underscoring the area’s potential as an emerging U.S. lithium hotspot.
The company has announced its readiness to contribute to domestic lithium supply with its Phase 1A and South West Arkansas Projects, expected to commence operations in 2026 and 2027, respectively. This announcement comes at a time when partnerships with industry giants like Koch Industries and LANXESS (ETR:) are driving innovation in energy and resource extraction.
Standard Lithium’s expansion into the East Texas Smackover Formation has been fruitful, with three new wells producing high-quality brine with lithium concentrations reaching up to 806 mg/L. This expansion is part of a larger brine leasing program aimed at developing strategic global resources.
With a commitment to sustainable practices, Standard Lithium is focused on developing U.S. lithium-brine properties that benefit from high-grade resources, established infrastructure, skilled labor availability, and efficient permitting processes. The company employs a scalable Direct Lithium Extraction (DLE) and purification process to achieve commercial-scale lithium production.
Their principal projects are located in southern Arkansas’s Smackover Formation near Louisiana. Additionally, they hold interests in potential lithium brine areas identified in East Texas and mineral leases in the Mojave Desert.
The technical aspects of these initiatives have been validated by Steve Ross, P.Geol., Vice President of Resource Development, who has approved the scientific and technical information under the guidelines of National Instrument 43-101.
Investors can find Standard Lithium listed on several exchanges including the TSX Venture Exchange, NYSE American (symbol “SLI”), and Frankfurt Stock Exchange (symbol “S5L”), operating under the frameworks set by the United States Private Securities Litigation Reform Act of 1995.
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