Standard Lithium Ltd. Common Shares (SLI)

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.

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.

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.

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, will be spotlighted in three industry gatherings next month. According to the announcement, Standard Lithium CEO and director Robert Mintak will be participating in the Benchmark Giga USA 2024 event, scheduled for June 11–13; the JP Morgan 2024 Energy, Power and Renewables Conference, scheduled for June 17–18; and the Fastmarkets 16th Lithium Supply and Battery Raw Materials Conference, scheduled for June 24–27. Held in Washington DC, the three-day Benchmark Giga USA 2024 event will include a presentation by Mintak titled “Building the Future U.S. Supply Chain,” which is slated to begin at 12:10 p.m. ET on June 12. In addition, officials from SLI along with strategic partners will meet with federal agencies and members of Congress during the event. The JP Morgan 2024 Energy, Power and Renewables Conference will be held in New York City; Mintak is scheduled to participate in a fireside chat on June 18 at 11:30 a.m. ET. During the Fastmarkets Lithium Supply and Battery Raw Materials Conference, held in Las Vegas, Mintak will be part of a panel titled “Arkansas Lithium — Behind [the] Scenes of the Smackover Opportunity; others on the panel include representatives from SLI’s strategic partners, including Koch Engineered Solutions and Equinor.

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, has released its report for the third quarter 2024, the period ended March 31, 2024. Highlights of the report include the installation of the first commercial-scale direct lithium extraction (“DLE”) column in partnership with Koch Technology Solutions (“KTS”) and the advancement of the South West Arkansas Project with the selection of Ausenco Engineering Canada ULC to lead the front-end engineering design (“FEED”) and the Definitive Feasibility Study (“DFS”). The report also noted that the company has cash and cash equivalents and working capital of C$15.7 million and C$7.7 million, respectively, with no term or revolving debt obligations. In addition, the report stated that Standard Lithium has partnered with Equinor, which will result in immediate liquidity through direct investments in South West Arkansas and East Texas projects; the partnership will bring world-class project development capabilities to the company as it looks to accelerate its Smackover development path. The company has scheduled a conference call and webinar to discuss its Q3 report as well as the Equinor transaction. The call will begin at 11 a.m. EST on May 13, 2024. Those interested can dial 1-646-307-1963 (international), 1-800-715-9871 (toll free in the United States), 1-647-932-3411 (Toronto) and 1-800-715-9871 (toll free in Canada). “In Q3, Standard Lithium continued to execute on our strategic plan, responsibly and efficiently advancing our projects,” said Standard Lithium CEO Robert Mintak in the press release. “While the lithium sector has experienced challenges over the past year, we see positive indicators pointing toward stability, and the fundamentals of the lithium market remain strong. This presents a timely moment to showcase our strengths: a strong asset base, favorable jurisdictions, and an industry-leading Direct Lithium Extraction platform. This transformative partnership with Equinor, a global energy company and recognized leader in renewables and low carbon solutions, validates our strategic path to leverage our Smackover resources and become a globally significant contributor within the lithium market. It strengthens our finances, provides essential expertise, manages risk, and accelerates our progress towards this goal, unlocking long-term value for our shareholders.”

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, has announced a “landmark” partnership with Equinor ASA (NYSEEQNR) , a multinational energy company and recognized leader in renewables and low-carbon solutions. Together, the two companies will focus on accelerating the development of Standard Lithium’s large-scale, sustainable lithium West Arkansas and East Texas projects, which are located in the Smackover Formation. According to the announcement, the partnership involves Equinor contributing up to $160 million; Standard Lithium and Equinor will each own 55% and 45% of the projects respectively, with Standard Lithium retaining operatorship. “We are delighted to have concluded this transaction and begun an exciting new partnership with Equinor,” said Standard Lithium president, director and COO Dr. Andy Robinson in the press release. “We believe this partnership with a global energy major validates the quality of our team, our DLE flowsheet and experience, and our world-class lithium-brine resources in Arkansas and Texas. We’re at a crucial stage in our company’s growth, and this partnership with Equinor will be fundamental to the continued derisking and execution of these important projects. One thing that we have observed in the lithium world over the past decade is that strong, mutually aligned partnerships are the key to successful project execution and operation, and we believe we have aligned with the right partner to take SLI and the lithium industry in Arkansas and Texas to the next level. ”

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, has successfully commissioned and validated the performance of the largest continuously-operating Direct Lithium Extraction (“DLE”) equipment in North America. According to the announcement, Standard Lithium recently installed a commercial-scale Li-Pro(TM) Lithium Selective Sorption (“LSS”) DLE column at its demonstration plant, which is located near El Dorado, Arkansas. Supplied by Koch Technology Solutions LLC, the column is believed to be the largest DLE installation and the only example of a commercial-scale DLE column in operation in North America. Currently, the column is extracting lithium from Smackover Formation brine at an input flow rate of 90 gallons per minute (“gpm”). “Importantly, the column currently operating at SLI’s demonstration plant is identical to those that will be used in the commercial application, both in terms of the size, design and construction of the column, as well as the sorbent media being used inside,” said Standard Lithium director, president and COO Dr. Andy Robinson in the press release. “As such, this important collaboration between SLI and KTS at our demonstration plant is the first example in North America of DLE technology being deployed successfully using commercial-scale equipment. Validation of performance and successful operation of this column is a significant derisking step on our way to becoming the next major sustainable lithium producer in North America.”

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PALM BEACH, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Experts see that all indications are that the Lithium market will continue to rise past 2030. A report from Grand View Research said that revenues will reach USD 9.03 billion in 2024 and the Increasing investments in EV manufacturing across the world are expected to positively influence the growth of the lithium market over the forecast period (2024 to 2030). The report continued: “U.S. holds major significance in battery production after China, which makes it one of the key lithium-consuming countries in the world. The country has huge reserves of this important metal. According to USGS, lithium resources from brines and minerals accounted for 7.9 million tons in U.S., in 2022. Market players in U.S. are focusing on getting a hold on the battery supply chain due to increasing production of EVs in the country and as transportation of batteries is dangerous. In 2018, Interior Department listed lithium as a critical mineral, which paced up the mine permitting process. In January 2021, the Bureau of Land Management approved Thacker Pass Mine proposed by Lithium Nevada Corporation. This mine is believed to serve as the largest source of commodity supply in U.S. and is expected to be able to produce about 60 kilotons of battery-grade carbonate by 2026.” Active mining stocks in the markets this week include: Lithium South Development Corporation (OTCQB: LISMF) (TSX-V: LIS), Lithium Americas (Argentina) Corp. (NYSELAAC) (TSX: LAAC), Standard Lithium Ltd. (NYSE American: SLI) (TSX-V: SLI), American Lithium Corp. NASDAQ: AMLINASDAQAMLI)(NYSE: ALTMNYSEALTM.

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, will be represented at three major industry events in the next few weeks. According to the announcement, members of the senior leadership team will be participating in the BMO 33rd Global Metals, Mining and Critical Minerals Conference; the BofA Global Agriculture and Materials Conference 2024; and the 36th annual Roth Conference. Standard Lithium CEO Robert Mintak will be presenting at the BMO Global Metals, Mining and Critical Minerals event, which is scheduled for Feb. 26–28, 2024; Mintak’s presentation is scheduled to begin at 10:45 a.m. ET on Feb. 27. Mintak will also be participating at the BofA Global Agriculture and Materials Conference, which is slated for Feb. 27–29, 2024; he will be involved in a panel discussion focused on lithium, which will begin at 8:20 a.m. ET on Feb. 29. Finally, SLI company officials will be participating at the 36th annual Roth Conference, which is scheduled for March 17–19, 2024, in Dana Point, California.

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Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial, lithium-development company, is a presenting sponsor of this month’s Arkansas Lithium Innovation Summit; the company joins ExxonMobil, Albemarle and TETRA Technologies as sponsors of the event. The two-day summit is slated for Feb. 15–16, 2024, in Little Rock, Arkansas. According to the announcement, the gathering is designed to serve a cross-section of industry leaders, policymakers and stakeholders and will feature discussions focused on Arkansas’s strategic contribution to the U.S. lithium supply chain, primarily through the high-grade Smackover brine resource and innovative direct lithium extraction technologies. Speakers during the event include Arkansas Governor Sarah Huckabee Sanders; Secretary of Commerce Hugh McDonald; U.S. Senator John Boozman; Bob Galyen, chairman emeritus and CTO of NAATbatt International; Andy Miller of Benchmark Mineral Intelligence; Frank Fannon, former assistant secretary of state for Energy; and Gary Stanley, retired director of the Office of Critical Minerals and Metals from the U.S. Department of Commerce.

PALM BEACH, Fla., March 04, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Rapid advancements in rechargeable batteries for laptops, mobile phones, electric vehicles, and digital cameras, driven by the growth in the Lithium-ion Battery (LIB) market. Rising demand for lithium batteries, lubricants, glass & ceramics, and foundry is expected to foster the growth of this market. The growing adoption of hybrid and electric vehicles, high-drain portable electronics, and energy storage systems have boosted the growth of the overall market. A report from Fortune Business Insights said the global lithium market size, which was valued at USD 22.2 billion in 2023, is projected to reach USD 89.9 billion in 2030 at a CAGR of 22.1% during the (2030) forecast period. The report added: “The increasing awareness of electric vehicles is attributable to the growing concerns about surrounding environmental pollution as EVs reduce carbon emissions. The Paris Agreement aims to reduce greenhouse gas (GHG) emissions by at least 40% under its 2030 climate and energy framework. Governments in several countries worldwide are implementing strict emission standards to reduce and control carbon emissions, thus augmenting market growth. In 2022, the market showed a sudden skyrocketing price of lithium commodity with the booming demand for Electric Vehicles (EVs) subsequently for the medium-term attributable to this market’s demand and supply mechanism. The growth of the LIB market has subsequently led to a rise in product demand. LIBs are a crucial component in cleaning up the environment. The battery of a Tesla Model S has about 12 kilograms of lithium in it… Electric vehicle companies and carmakers are changing their preferences depending on the cathode characteristics regarding safety, stability, life, cost, and energy density. EVs are promoted as a sustainable transportation choice on a life-cycle basis, as they emit less GHG than conventional vehicles.” Active mining stocks in the markets this week include: Lithium South Development Corporation (OTCQB: LISMF) (TSX-V: LIS), Lithium Americas (Argentina) Corp. (NYSELAAC) (TSX: LAAC), Sigma Lithium Corporation NASDAQ: SGMLNASDAQSGML)(NASDAQ: PLLNASDAQPLL, Standard Lithium Ltd. (NYSE American: SLI) (TSX-V: SLI).

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium development company, today reported its financial and operating results for the fiscal second quarter ended Dec. 31, 2023. As detailed in the announcement, the company will hold a conference call and webcast to discuss the results at 11:00 a.m. ET on Monday, Feb. 12. “In 2023, the lithium sector has been under pressure, with lithium prices experiencing a significant decrease from the all-time highs seen in 2022, a situation compounded by the prevailing interest rate environment and other macroeconomic factors,” said Robert Mintak, CEO and director of Standard Lithium. “Despite the industry-wide market challenge, the long-term fundamentals for lithium continue to be strong, particularly for projects situated in geopolitically stable regions such as the United States, where policy support and other key strategic advantages are enabling for project differentiation. The Smackover region, in particular, is attracting interest from major players in the global energy sector. Discussions around strategic partnerships, joint development opportunities, and long-term off-take are robust and moving forward. In response to these market dynamics, we are taking responsible and appropriate actions that are in the best interests of our shareholders, ensuring that Standard Lithium remains well-positioned to capitalize on what continues to be an exciting sector with extraordinary growth prospects.”

Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium development company, today announced its selection of Ausenco Engineering Canada ULC to complete the Definitive Feasibility Study (“DFS”) and Front-End Engineering and Design (“FEED”) services for the South West Arkansas (“SWA”) Project. “We are focused on progressing our project portfolio,” said Andy Robinson, president and chief operating officer of Standard Lithium. “Despite recent headwinds in the global lithium macroeconomic environment, our projects remain very attractive. Based on our Preliminary Feasibility Study (‘PFS’) results, the SWA Project is expected to sit at the lower end of the cost curve in comparison to other lithium projects. The selection of Ausenco for the SWA Project’s DFS and FEED was a critical next step for us to advance the Project and maintain development and construction timelines. Their practical experience in lithium brine projects, combined with our proven expertise of DLE in the Smackover, is expected to drive a successful Feasibility and FEED process, and we are pleased to work with a world-class engineering firm to guide the design of the SWA Project to deliver the next generation of lithium production in America.”