Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, has acquired 118 acres of land; the company noted the land will advance development of its South West Arkansas Project. Located in Lafayette County, Arkansas, the land is ideally situated near state highway 29, which historically provides convenient access to logging operations. According to the announcement, a portion of the newly acquired plot of land has been logged and the previous owner will be removing the remaining harvestable timber before the end of the year. SLI’s South West Arkansas Project has some of the highest reported lithium brine concentrations in North America, averaging above 400 mg/L. “The land purchase demonstrates our commitment to advancing and derisking the South West Arkansas Project,” said Standard Lithium president and COO Dr. Andy Robinson in the press release. “The land, which lies to the southwest of the SWA Project’s brine lease footprint, is ideally located close to a paved highway, robust regional infrastructure and a skilled workforce. This acquisition adds to our existing land options in the project area and provides us with added design flexibility as we progress the Project to the Definitive Feasibility and FEED phase.”
To view the full press release, visit https://ibn.fm/X6rbw
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company with a portfolio of projects in process. The company’s flagship projects, Phase 1A Project and the South West Arkansas Project, are located in southwestern Arkansas in the heart of the Smackover Foundation. The company is focused on producing lithium from brine using direct lithium extraction (“DLE”) across approximately 180,000 acres of leases from these two projects. The company operates an industrial-scale DLE Demonstration Plant at LANXESS project. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The company has completed a Definitive Feasibility Study (“DFS”) for its first commercial lithium extraction plant project, Phase 1A, and expects to make a final investment decision in the first half of 2024, commence construction thereafter and deliver commercial production in 2026. Phase 1A is expected to produce an average 5,400 tonnes of battery-quality lithium carbonate per year over a 25-year operating life. For the South West Arkansas project, located 50 miles west of Phase 1A, Standard Lithium completed a Preliminary Feasibility Study and expects to complete a DFS by the end of 2024, commence construction in 2025 and deliver first production in 2027. The company anticipates South West Arkansas to produce at least 30,000 tonnes per annum of battery-quality lithium hydroxide over a 20-plus year operating life. Concurrently, the company is pursuing resource development of other projects in the Smackover Formation in East Texas, as well as approximately 45,000 acres of 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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