Standard Lithium (NYSE American: SLI) and Equinor have unveiled Smackover Lithium as the new name for their joint venture focused on direct lithium extraction (“DLE”) projects in Southwest Arkansas and East Texas. Announced at a community meeting in Lewisville, Arkansas, Smackover Lithium aims to develop one of the world’s first commercial-scale DLE facilities in Lafayette and Columbia counties. The joint venture builds on Standard Lithium’s regional presence and Equinor’s energy expertise, with a focus on economic development, workforce growth, and advancing critical mineral production in the Smackover basin.

Standard Lithium (NYSE American: SLI), and Equinor have announced the closure of a $225 million grant from the U.S. Department of Energy’s Office of Manufacturing & Energy Supply Chains to support Phase 1 of their jointly owned South West Arkansas (“SWA”) project. The SWA project aims to become one of the world’s first commercial-scale Direct Lithium Extraction facilities, with a planned production of 45,000 tonnes of lithium carbonate annually across two phases. Located in Lafayette and Columbia Counties, Arkansas, the project is 55% owned by Standard Lithium and 45% by Equinor. A Final Investment Decision is anticipated by late 2025, with Phase 1 production targeted for 2028. The project, which will generate 100 permanent jobs and 300 construction jobs, also emphasizes local hiring, infrastructure upgrades, and community development initiatives.

Standard Lithium (NYSE American: SLI), through its joint venture SWA Lithium with Equinor ASA, has initiated drilling at its South West Arkansas Project. The new Lester-1 well, targeting a total depth of 9,600 feet, is designed to address data gaps in the proposed operational area. Core samples from the Smackover Formation will undergo detailed porosity and permeability analysis, while large-scale brine sampling and reservoir testing will guide front-end engineering design (“FEED”) and Definitive Feasibility Studies (“DFS”). Standard Lithium also continues re-entry and testing of wells drilled in 2023, reinforcing its leadership in lithium exploration and development.

Standard Lithium (NYSE American: SLI), in partnership with Equinor ASA through their joint venture SWA Lithium, has successfully launched a pilot Direct Lithium Extraction (“DLE”) plant at its South West Arkansas Project. The pilot plant, developed in collaboration with Koch Technology Solutions (“KTS”), is processing brine directly from the site to refine engineering parameters and produce battery-quality lithium carbonate for qualification with potential off-take partners. Utilizing KTS’s proprietary Li-Pro Lithium Selective Sorption technology, the pilot represents a crucial step in Standard Lithium’s journey toward building its first commercial lithium facility. The plant is expected to generate 1,000 gallons of lithium chloride solution for conversion into 30 kg of battery-grade lithium carbonate, which will aid in vendor selection and off-take agreements. This initiative highlights Standard Lithium’s leadership in developing North America’s first lithium-from-brine project in over 50 years, strengthening its position as an innovator in the clean energy market.

Standard Lithium (NYSE American: SLI) has appointed Paul Collins as an independent director, adding over 35 years of advisory and investment banking expertise in industrials, chemicals, and energy to its board. Collins, who has advised on approximately $190 billion in global transactions during his career, previously held leadership roles at Centerview Partners, Barclays, and Lehman Brothers. Standard Lithium’s CEO, David Park, highlighted Collins’ strategic experience as critical as the company advances its lithium brine projects with Equinor and pursues customer off-take commitments and financing ahead of anticipated production in 2025.

Standard Lithium (NYSE American: SLI) reported robust fiscal Q1 2025 progress, highlighted by a $225 million conditional grant from the U.S. Department of Energy, marking one of the largest grants awarded to a U.S. critical minerals project. This funding supports the construction of Phase 1 for the South West Arkansas (“SWA”) lithium project, anticipated to produce 22,500 tonnes of lithium carbonate annually by 2028. David Park, newly appointed CEO, is steering the company’s focus toward production, advancing off-take agreements, and partnering with Equinor. Additionally, Standard Lithium has adopted Koch Technology Solutions’ advanced lithium extraction technology for use in the SWA project’s commercial facility.

Standard Lithium (NYSE American: SLI) reported robust fiscal Q1 2025 progress, highlighted by a $225 million conditional grant from the U.S. Department of Energy, marking one of the largest grants awarded to a U.S. critical minerals project. This funding supports the construction of Phase 1 for the South West Arkansas (“SWA”) lithium project, anticipated to produce 22,500 tonnes of lithium carbonate annually by 2028. David Park, newly appointed CEO, is steering the company’s focus toward production, advancing off-take agreements, and partnering with Equinor. Additionally, Standard Lithium has adopted Koch Technology Solutions’ advanced lithium extraction technology for use in the SWA project’s commercial facility.

Standard Lithium (NYSE American: SLI), in partnership with Equinor through its SWA Lithium joint venture, has entered into a license agreement with Koch Technology Solutions (“KTS”) to utilize KTS’s Li-Pro Lithium Selective Sorption (LSS) technology at the South West Arkansas Project’s commercial plant. This agreement grants Standard Lithium access to KTS’s advanced lithium recovery solution with performance guarantees, including a 95% lithium recovery rate and over 99% rejection of impurities like calcium and sodium, enabling cost-effective, high-purity lithium extraction. The collaboration also includes KTS’s technical support to integrate Li-Pro LSS into Standard Lithium’s plant design, significantly advancing the viability of lithium extraction in Arkansas’s Smackover Formation. Standard Lithium’s demonstration plant in El Dorado, Arkansas, using the same technology, has processed over 24 million gallons of brine since April with a 95.4% lithium recovery rate, further validating the technology’s effectiveness and supporting the company’s goal to lead in sustainable lithium production.

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Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium development company, today released its financial and operating results for the fourth quarter and full year ended June 30, 2024. Key highlights included the strategic partnership with Equinor ASA to advance the South West Arkansas (“SWA”) and East Texas projects; the de-risked commercialization of the direct lithium extraction (“DLE”) process; execution of drilling programs that yielded the highest-ever reported lithium brine values in North America; advancement and de-risking of the SWA Project; appointment of key executives to strengthen the senior management team; and delivery of the Definitive Feasibility Study (“DFS”) for the Phase 1A project at LANXESS South Plant.

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, and its subsidiary, SWA Lithium LLC, is receiving significant recognition for receiving an award negotiation from the U.S. Department of Energy (“DOE”). Standard Lithium jointly owns SWA Lithium with global energy leader Equinor. The award, which is for up to $225 million, is overseen by the DOE Office of Manufacturing and Energy Supply Chains and is one of the largest awards granted to a U.S. critical minerals project; the funds are part of the Infrastructure Investment and Jobs Act.

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, and its subsidiary, SWA Lithium LLC, has been selected to receive up to $225 million in award negotiation from the U.S. Department of Energy (“DOE”). SLI jointly owns SWA Lithium with Equinor, a global energy leader. According to the announcement, the provisional grant is one of the largest ever awarded to a U.S. critical minerals project. The funds are part of a second wave of support provided under the Infrastructure Investment and Jobs Act, which is designed to expand domestic manufacturing of all segments of the battery supply chain as well as increase the production of critical minerals in the United States.

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, has been successful in a research collaboration with Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) , a leading developer of advanced technologies and services for the global pharmaceutical and chemical industries. According to the announcement, the two companies have worked together during the last year to develop a new method for producing high-purity lithium sulfide, a key material needed for the next generation of solid-state batteries, which are expected to power future electric vehicles and other high-tech devices. The collaboration has resulted in a solution with the potential to transform the solid-state battery industry.

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Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium development company, today announced that effective September 1, 2024, Robert Mintak will retire as Chief Executive Officer and remain engaged as an advisor through August 2025. Following Mr. Mintak’s retirement, David Park will assume the position of Chief Executive Officer effective September 1, 2024. Over the past year, David Park has been actively involved with Standard Lithium as a strategic advisor, working closely with the senior management team. He has a deep understanding of the company’s vision and strategic goals. This, coupled with his respected position within the organization, has made him a key contributor to the company’s recent successes. According to the announcement, this leadership transition aligns with Standard Lithium’s growth strategy and next steps in value creation. The appointment of Mr. Park as the next CEO is the culmination of a thorough succession planning process by the company’s Board of Directors. “Robert was a co-founder of the company and his leadership and commitment has been critical in our evolution from a startup to where we are today. In addition to the strategic relationships the company garnered during his tenure, Robert was very focused on fostering strong relationships with community and state leaders, generating substantial support for our projects in Arkansas and Texas. This collaborative approach has distinguished Standard Lithium within the resource sector. The Board is grateful for Robert’s accomplishments and unwavering commitment to building a foundation for our next phase of growth,” said Robert Cross, Chairman of the Board.

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