Consumers are switching to electric vehicles faster than previously thought, making an expected boom in demand for battery-grade lithium ever more real. Current suppliers including Albemarle Corp. (NYSE: ALB) and Sociedad Quimica y Minera de Chile (NYSE: SQM) will reap the rewards of a major paradigm shift in the car industry. But newcomers to this market, from Nemaska Lithium (TSX: NMX) (OTC: NMKEF)and Standard Lithium (TSXV: SLL) (OTC: STLHF) (STLHF Profile) may also profit as they bring new supplies online. Major buyers of lithium including automaker Tesla Inc. (NASDAQ: TSLA) could create massive new demand for this material.
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About Standard Lithium Ltd.
The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations utilizing the Company’s proprietary selective extraction technology. The Company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. Standard Lithium is listed on the TSX Venture under the trading symbol “SLL”; quoted on the OTCQX under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. For more information, visit the company’s website at www.StandardLithium.com
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