Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, today announced another significant milestone in its ongoing Smackover expansion efforts. As part of the company’s extensive work in East Texas, it 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, representing a large potential for these commodities. “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,” said Dr. Andy Robinson, president and COO of Standard Lithium. “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. This work has been made possible by our team of Smackover experts who, over the past three years have identified the most prospective, highest quality development areas in East Texas.”
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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 the highest-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 flagship projects, the Phase 1A and the South West Arkansas projects, 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. For more information, please visit the company’s website at www.StandardLithium.com.
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