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.”
To view the webcast, visit https://ibn.fm/EMLLy
To view the full press release, visit https://ibn.fm/kn0lW
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, a region with a longstanding 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 has begun 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
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