Smackover Formation

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

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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

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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

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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

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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.

Stardust Power Inc. To Go Public Through Business Combination with Nasdaq Listed Global Partner Acquisition Corporation II

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Tuesday, November 21, 2023

Stardust Power Inc. (“Stardust Power” or “the Company”), a development stage American manufacturer of battery-grade lithium products, and Global Partner Acquisition Corp. II (“GPAC II”) (Nasdaq: GPAC; GPACW; GPACU), a publicly traded special purpose acquisition company (“SPAC”), today announced it has entered into a definitive agreement for a business combination that would result in Stardust Power becoming a publicly listed company on Nasdaq under the new ticker symbol “SDST.”

Key Points:

Stardust Power Inc. (“Stardust Power” or “the Company”), a development stage American manufacturer of battery-grade lithium products, and Global Partner Acquisition Corp. II (“GPAC II”) (Nasdaq: GPAC; GPACW; GPACU), a publicly traded special purpose acquisition company (“SPAC”), today announced it has entered into a definitive agreement for a business combination that would result in Stardust Power becoming a publicly listed company on Nasdaq under the new ticker symbol “SDST.”
This press release features multimedia.
“Stardust Power aims to solve one of the largest challenges of the energy transition – reliable access to the critical minerals that will make the transition a reality,” said Roshan Pujari, CEO of Stardust Power.
The existing Stardust Power leadership team is expected to remain in place and will continue to execute the Company’s strategy.
Norton Rose Fulbright and Kirkland & Ellis LLP served as legal counsel to Stardust Power and GPAC II, respectively.

Standard Lithium Exercises Option Agreement on South West Arkansas Project, Solidifying Path Forward Following Positive Feasibility Study and Rising Regional Interest

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Tuesday, October 31, 2023

Lithium, FRA, NYSE, Economics, TETRA, IRR, FEED, PFS, Smackover Formation, Exercise, SLI, SWA, NPV, Agreement

VANCOUVER, British Columbia, Oct. 31, 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 the exercise of its option agreement (the “Agreement”) with TETRA Technologies, Inc. (“TETRA”) for the South West Arkansas (“SWA”) Project.

Key Points:

VANCOUVER, British Columbia, Oct. 31, 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 the exercise of its option agreement (the “Agreement”) with TETRA Technologies, Inc. (“TETRA”) for the South West Arkansas (“SWA”) Project.
This significant move affirms the Company’s strategic direction, and builds on the positive insights garnered from the recent Preliminary Feasibility Study (“PFS”).
“This is an important and natural step for us as we advance our South West Arkansas Project,” said Andy Robinson, President and COO of Standard Lithium.
The Company anticipates completing a FEED and Definitive Feasibility Study for the SWA Project in 2024 and beginning construction in 2025.

Standard Lithium Delivers Highest-Ever North American Lithium Brine Grade 806 mg/L; East Texas Asset Includes Significant Potash and Bromine Concentrations

Retrieved on:

Wednesday, October 25, 2023

Lithium, Dorado, FRA, NYSE, Economics, Potassium chloride, News, Smackover Formation, Arkansas Project, SLI, Bromine, Mineral, Potassium

As part of its extensive work in East Texas, the Company has drilled and sampled a new highest confirmed lithium grade brine, measuring 806 mg/L.

Key Points:

As part of its extensive work in East Texas, the Company has drilled and sampled a new highest confirmed lithium grade brine, measuring 806 mg/L.
In addition, comprehensive brine analyses from all three of the Company’s new wells in East Texas show highly elevated concentrations of potash (KCl) and bromine, signifying a large potential for these commodities.
Dr. Andy Robinson, President and COO of Standard Lithium commented, “This most recent brine sample from our newest well in East Texas confirms the exceptional quality of the lithium brine assets we’re acquiring in East Texas.
With a new confirmed lithium analysis of 806 mg/L and an average grade of 644 mg/L in our drilled area, we believe that we have identified a globally significant lithium brine asset.

Standard Lithium Delivers Highest-Ever North American Lithium Brine Grade 806 mg/L; East Texas Asset Includes Significant Potash and Bromine Concentrations

Retrieved on:

Wednesday, October 25, 2023

Lithium, Dorado, FRA, NYSE, Economics, Potassium chloride, News, Smackover Formation, Arkansas Project, SLI, Bromine, Mineral, Potassium

As part of its extensive work in East Texas, the Company has drilled and sampled a new highest confirmed lithium grade brine, measuring 806 mg/L.

Key Points:

As part of its extensive work in East Texas, the Company has drilled and sampled a new highest confirmed lithium grade brine, measuring 806 mg/L.
In addition, comprehensive brine analyses from all three of the Company’s new wells in East Texas show highly elevated concentrations of potash (KCl) and bromine, signifying a large potential for these commodities.
Dr. Andy Robinson, President and COO of Standard Lithium commented, “This most recent brine sample from our newest well in East Texas confirms the exceptional quality of the lithium brine assets we’re acquiring in East Texas.
With a new confirmed lithium analysis of 806 mg/L and an average grade of 644 mg/L in our drilled area, we believe that we have identified a globally significant lithium brine asset.

Standard Lithium Files Definitive Feasibility Study for its First Commercial Lithium Extraction Plant – Phase 1A

Retrieved on:

Wednesday, October 18, 2023

Lithium, FRA, NYSE, Economics, Report, Demonstration plant, CapeNature, Arkansas Project, SLI, Smackover Formation

EL DORADO, Ark., Oct. 18, 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 that the Definitive Feasibility Study (the “Report”) for its first commercial lithium project (“Phase 1A”) proposed to be located at the LANXESS South Plant has been filed.

Key Points:

EL DORADO, Ark., Oct. 18, 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 that the Definitive Feasibility Study (the “Report”) for its first commercial lithium project (“Phase 1A”) proposed to be located at the LANXESS South Plant has been filed.
With expected first production in 2026, Phase 1A is anticipated to be the first US-based lithium production project built in six decades, and the first commercial direct lithium extraction facility in North America with potential to double current United States lithium production from current levels.
Phase 1A represents a modest 60-times scale up from the operational Demonstration Plant, which over a three-and-a-half-year period of effective and efficient lithium extraction, has used the same brine that will feed the proposed commercial plant.
Standard Lithium's filing of the Definitive Feasibility Study highlights its commitment to commercialize direct lithium extraction technology, starting with Phase 1A.