Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, has filed a report containing the results of the definitive feasibility study for its first commercial lithium project, which is proposed to be located at the LANXESS South Plant. According to the announcement, first production for the project is expected in 2026, with phase 1A being the first U.S.-based lithium production project built in 60 years as well as the first commercial direct lithium extraction facility in North America. This phase includes the processing lithium-rich brine currently flowing through existing infrastructure and represents production of only 5% of the total measured and indicated resource of 2.8 Mt lithium carbonate equivalent (“LCE”), according to the report.
“The definitive feasibility study demonstrates strong economics, assuming initial annual production of 5,700 tonnes, and an average annual production of 5,400 tonnes of battery-quality lithium carbonate over a 25-year operating life based on proven and probable reserves of 208 Kt LCE at an average concentration of 217 mg/L,” the company states in the announcement. “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. The company expects to make a final investment decision for phase 1A in the first half of 2024.”
To view the full press release, visit https://ibn.fm/iYiSv
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. 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. Standard Lithium 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. For more information about the company, please visit www.StandardLithium.com.
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