Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced completion of the fabrication of phases 1 and 2 of the company’s “LiSTR” direct lithium extraction demonstration plant. According to the update, initial modules are currently being transported to the project location/site at Lanxess’ South Plant facility in southern Arkansas. Standard Lithium also confirmed that all site construction works are on-schedule, as well as completion of the concrete slab and foundations required to locate the demonstration plant. “The Standard Lithium team and our partners continue to execute on our strategic plan to timely advance our project in Southern Arkansas,” Standard Lithium President and COO Dr Andy Robinson said in the news release. “Over 2 years of disciplined process design and engineering work has brought us to this point, and we look forward to announcing more real milestone completions in the near-future.”
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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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