Standard Lithium Anchors U.S. Lithium Leadership in Smackover Formation, Arkansas, as Global Energy Players Enter the Region
14 Noviembre 2023 - 11:17AM
Standard Lithium Anchors U.S. Lithium Leadership in Smackover
Formation, Arkansas, as Global Energy Players Enter the Region
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. The Company's pioneering efforts in this
resource-rich region, informed by a century of energy development
and over sixty years of specialized brine industry knowledge,
strategically positions Standard Lithium to address the critical
mineral needs of the United States.
“In a region that has captured the attention of
major industry players like Exxon, a company with roots extending
back to Standard Oil, Standard Lithium's partnerships with Koch
Industries and LANXESS are catalyzing a new wave of energy
innovation. Alongside the notable presence of Albemarle, Arkansas's
key role in the sustainable development of a U.S. critical minerals
supply is underscored. 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.
Mr. Mintak added: “Our recent expansion into the
East Texas Smackover Formation resulted in three new wells with
high-quality brine, showing lithium concentrations as high as 806
mg/L, and an average of 644 mg/L, marking a strategic extension
towards a global scale resource. 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.”
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 near the Louisiana state
line, a region with a long-standing 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 began 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.
Standard Lithium trades on both the TSX Venture
Exchange and the NYSE American under the symbol “SLI”; and on the
Frankfurt Stock Exchange under the symbol “S5L”. Please visit the
Company’s website at www.standardlithium.com.
Qualified Person
Steve Ross, P.Geol., a qualified person as
defined by National Instrument 43-101, and Vice President Resource
Development for the Company, has reviewed and approved the relevant
scientific and technical information in this news release.
Twitter: @standardlithiumLinkedIn:
https://www.linkedin.com/company/standard-lithium/
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of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release. This news release may contain
certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information may
relate to intended development timelines, future prices of
commodities, accuracy of mineral or resource exploration activity,
reserves or resources, regulatory or government requirements or
approvals, the reliability of third party information, continued
access to mineral properties or infrastructure, fluctuations in the
market for lithium and its derivatives, changes in exploration
costs and government regulation in Canada and the United States,
and other factors or information. Such statements represent the
Company’s current views with respect to future events and are
necessarily based upon a number of assumptions and estimates that,
while considered reasonable by the Company, are inherently subject
to significant business, economic, competitive, political and
social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements
to be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements. The Company does not intend, and does
not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or
changes in circumstances or any other events affecting such
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