Smackover Formation

Standard Lithium and Equinor Form Partnership to Develop South West Arkansas and East Texas Lithium Projects

Retrieved on:

Wednesday, May 8, 2024

Standard Lithium and Equinor will each own 55% and 45% of the Projects respectively, with Standard Lithium retaining operatorship.

Key Points:

Standard Lithium and Equinor will each own 55% and 45% of the Projects respectively, with Standard Lithium retaining operatorship.
“This partnership with Equinor is a major accomplishment for Standard Lithium.
The Transaction was completed effective May 7, 2024 with Equinor, an arms-length party, acquiring interests in two Standard Lithium subsidiaries, one of which holds Standard Lithium’s South West Arkansas Project and the other the East Texas properties.
Citi acted as financial advisor to Standard Lithium and Skadden, Arps, Slate, Meagher & Flom LLP and Cassels Brock and Blackwell LLP acted as legal counsel to Standard Lithium.

Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050

Retrieved on:

Tuesday, May 7, 2024

VANCOUVER, BC, May 7, 2024 /PRNewswire/ -- USA News Group – Even though prices are currently down from where they were in 2022, experts still see the monumental importance of lithium in the years and decades ahead. According to a recent post, the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%. UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines. Seeking to provide the critical minerals necessary for the green electric revolution, lithium miners continue to develop several promising new projects, including Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Lithium Americas (Argentina) Corp. (NYSE:LAAC), Atlas Lithium Corporation (NASDAQ:ATLX), Standard Lithium Ltd. (NYSE-American: SLI) (TSXV: SLI), and Rio Tinto Group (NYSE:RIO).

Key Points:

According to a recent post , the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%.
UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines.
The purified, concentrated lithium solution will subsequently be converted into technical-grade lithium carbonate.
"The hard work of our Rincon team is laying the groundwork for our first lithium production by year's end," said Stausholm.

Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050

Retrieved on:

Tuesday, May 7, 2024

VANCOUVER, BC, May 7, 2024 /PRNewswire/ -- USA News Group – Even though prices are currently down from where they were in 2022, experts still see the monumental importance of lithium in the years and decades ahead. According to a recent post, the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%. UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines. Seeking to provide the critical minerals necessary for the green electric revolution, lithium miners continue to develop several promising new projects, including Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Lithium Americas (Argentina) Corp. (NYSE:LAAC), Atlas Lithium Corporation (NASDAQ:ATLX), Standard Lithium Ltd. (NYSE-American: SLI) (TSXV: SLI), and Rio Tinto Group (NYSE:RIO).

Key Points:

According to a recent post , the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%.
UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines.
The purified, concentrated lithium solution will subsequently be converted into technical-grade lithium carbonate.
"The hard work of our Rincon team is laying the groundwork for our first lithium production by year's end," said Stausholm.

International Battery Metals (IBAT) and US Magnesium Sign Agreement to Install World's First Modular Direct Lithium Extraction (DLE) Plant

Retrieved on:

Monday, May 6, 2024

Lithium chloride, Renco Group, IBAT, DLE, Lithium, Water resources, Electricity, Engineering, Smackover Formation, Modularity

"Our commercial operations with US Mag will advance a productive lithium extraction operation," said Garry Flowers, IBAT CEO.

Key Points:

"Our commercial operations with US Mag will advance a productive lithium extraction operation," said Garry Flowers, IBAT CEO.
IBAT's first-of-its-kind patented modular, mobile lithium extraction plant also has been independently verified to extract more than 97% of available lithium from brine.
"International Battery Metals' patented Modular Extraction Technology will be the basis of future lithium extraction from brine resources around the world.
The agreement provides IBAT with royalties from US Mag based on lithium sales, as well as payments for equipment operations based on lithium prices and performance.

Standard Lithium Successfully Commissions First Commercial-Scale DLE Column in North America

Retrieved on:

Wednesday, April 24, 2024

Lithium, Dorado, Lithium chloride, Boron, DLE, Demonstration plant, Calcium, Magnesium, Commercial, KTS, Potassium, Smackover Formation, Sodium, Standard, SLI, FRA

EL DORADO, Ark., April 24, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, is pleased to announce that it has successfully commissioned and validated the performance of the largest continuously-operating Direct Lithium Extraction (“DLE”) equipment in North America.

Key Points:

EL DORADO, Ark., April 24, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, is pleased to announce that it has successfully commissioned and validated the performance of the largest continuously-operating Direct Lithium Extraction (“DLE”) equipment in North America.
The Company recently installed a commercial-scale DLE column at its Demonstration Plant near El Dorado, Arkansas.
This is, to the best of the Company’s knowledge, both the largest DLE installation, and the only example of a commercial-scale DLE column in operation in North America.
Since commissioning, the column has operated continuously and exceeded the design parameters for lithium recovery and rejection of impurities.

Standard Lithium Advances South West Arkansas Project: Definitive Feasibility Study and Front-End Engineering Design Firm Chosen

Retrieved on:

Wednesday, January 24, 2024

Lithium, Front-end loading, DFS, Mining, Economics, SLI, Smackover Formation, DLE, PFS, Project, FEED, National Instrument 43-101, News, National instrument, Metal, FRA, SWA

VANCOUVER, British Columbia, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, today announced the selection of Ausenco Engineering Canada ULC (“Ausenco”) to complete the Definitive Feasibility Study (“DFS”) and Front-End Engineering and Design (“FEED”) services for the South West Arkansas (“SWA”) Project.

Key Points:

VANCOUVER, British Columbia, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, today announced the selection of Ausenco Engineering Canada ULC (“Ausenco”) 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 Feasability Study (‘PFS’) results, the SWA Project is expected to sit at the lower end of the cost curve in comparison to other lithium projects.

Standard Lithium Provides Update on Phase 1A Commercialization Progress, Announces Engagement of Citi for Strategic Financing and Partnerships

Retrieved on:

Monday, December 4, 2023

Lithium, Dorado, DFS, BNP Paribas, DLE, Partnership, Department of the Treasury, LCE, LANXESS, CapeNature, FRA, Citigroup, Act, SLI, Smackover Formation, EV

The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas.

Key Points:

The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas.
In line with its strategic focus on core operations, LANXESS Corporation (“LANXESS”) has communicated its plans to commercialize its role in the Phase 1A Project alongside Standard Lithium.
These agreements will form the basis of the operational framework for the Phase 1A Project.
With the Phase 1A Project’s ownership and operational structure now clearly defined, Standard Lithium is well-placed to optimize project partnerships and structure off-take agreements that capture the full potential value of the project.

Standard Lithium Provides Update on Phase 1A Commercialization Progress, Announces Engagement of Citi for Strategic Financing and Partnerships

Retrieved on:

Monday, December 4, 2023

Lithium, Dorado, DFS, BNP Paribas, DLE, Partnership, Department of the Treasury, LCE, LANXESS, CapeNature, FRA, Citigroup, Act, SLI, Smackover Formation, EV

The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas.

Key Points:

The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas.
In line with its strategic focus on core operations, LANXESS Corporation (“LANXESS”) has communicated its plans to commercialize its role in the Phase 1A Project alongside Standard Lithium.
These agreements will form the basis of the operational framework for the Phase 1A Project.
With the Phase 1A Project’s ownership and operational structure now clearly defined, Standard Lithium is well-placed to optimize project partnerships and structure off-take agreements that capture the full potential value of the project.

Standard Lithium Anchors U.S. Lithium Leadership in Smackover Formation, Arkansas, as Global Energy Players Enter the Region

Retrieved on:

Tuesday, November 14, 2023

Lithium, NYSE, FRA, Smackover, Arkansas, Smackover Formation, ExxonMobil, Koch Industries, LANXESS, SLI, Standard Oil

VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today highlighted its strategic position in the Smackover Formation of Arkansas, an area emerging as a significant U.S. lithium region.

Key Points:

VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today highlighted its strategic position in the Smackover Formation of Arkansas, an area emerging as a significant U.S. lithium region.
The recent announcement by Exxon focusing on lithium exploration in the Smackover reinforces the importance of Standard Lithium’s progress in harnessing the region’s high-grade lithium brine resources, the highest grade in North America.
Standard Lithium stands ready to help meet domestic demand via it’s Phase 1A and South West Arkansas Projects, beginning in 2026 and 2027, respectively” commented Robert Mintak, CEO of Standard Lithium.
Building on the region’s century of energy resource development, Standard Lithium is pioneering efforts to develop the Smackover Formation, a crucial U.S. lithium resource, with a commitment to a responsible approach that honors the region's rich energy heritage.”

Standard Lithium Reports Fiscal First Quarter 2024 Results

Retrieved on:

Friday, November 10, 2023

VANCOUVER, British Columbia, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced its financial and operating results for the fiscal first quarter 2024 ended September 30, 2023.

Key Points:

VANCOUVER, British Columbia, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced its financial and operating results for the fiscal first quarter 2024 ended September 30, 2023.
“This quarter has marked a pivotal advancement in our journey towards establishing a new benchmark for scalable and sustainable lithium production in the United States.
The costs associated with the drilling program, in addition to the delivery of the DFS and PFS, accounted for our major expenditures this quarter.
Mr. Gamoudi’s financial acumen and strategic insight are poised to play a critical role in Standard Lithium’s journey toward commercialization and operational excellence.