Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced that it has broken ground for its first-of-a-kind direct lithium extraction demonstration plant. According to the update, the El Dorado, Arkansas plant will employ the company’s proprietary technology to selectively extract lithium from tail brine, a by-product of the existing bromine production operations run by LANXESS. “No new lithium mine has been built in the United States in over five decades; breaking ground at our El Dorado site represents a major achievement towards changing that,” Standard Lithium CEO Robert Mintak stated in the news release. “We anticipate our project and progress will be keenly watched as lithium has taken on significant political interest with the White House 2017 executive order and subsequent pending legislation aimed to boost domestic supplies of critical minerals.”
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About Standard Lithium Ltd.
Standard Lithium is a specialty chemical company focused on unlocking the value of existing large-scale U.S.-based lithium-brine resources. The company believes new lithium production can be brought on stream rapidly by minimizing project risks at selection stage (resource, political, geographic, regulatory and permitting), and by leveraging advances in lithium extraction technologies and processes. 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. For more information, visit the company’s website at www.StandardLithium.com.
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