Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, has entered a joint development agreement (“JDA”) with Koch Technology Solutions (“KTS”), an affiliate of Koch Engineered Solutions. The agreement calls for the two companies to share data and work together in the development and commercialization of integrated lithium brine processing flowsheets for Standard Lithium’s exclusive use in the Smackover Formation. According to the announcement, the shared technology agreement will accelerate commercial deployment of SLI’s projects on an exclusive basis and will strengthen the company’s position as it works to build the first U.S. commercial lithium project in several decades and meet the surging demand for lithium. “Today’s announcement is about greater certainty, speed, and choice,” said Standard Lithium president and COO Dr. Andy Robinson in the press release. “The performance guarantees for the KTS Li-Pro(TM) technology license will provide significant risk reduction for Standard Lithium and its shareholders; the partnership will help accelerate the company’s first project to commercial reality; and the exclusivity will allow us to benefit from a second Direct Lithium Extraction (‘DLE’) technology that works with Smackover Formation brines in addition to our own proprietary LiSTR technology. The joint development relationship will also allow our project execution team to take what we learn from the demonstration plant at the LANXESS property in El Dorado, Arkansas, and leverage these insights as we scale to our first commercial facility and continue to develop multiple lithium projects across the Smackover Formation. . . . We are delighted to have KTS as a partner and look forward to a productive relationship.”
To view the full press release, visit https://ibn.fm/1xZQc
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, the LANXESS Property Project and the South West Arkansas Project, are located in southern Arkansas near the Louisiana state line. The company is focused on the evaluation and testing of commercial lithium extraction and purification from brine sourced from approximately 180,000 acres of unitized leases across these two projects. The company operates a first-of-a-kind, industrial-scale Direct Lithium Extraction (“DLE”) Demonstration Plant at the LANXESS Project. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. A Definitive Feasibility Study (“DFS”) and Front-End Engineering Study (“FEED”) for phase 1A of the LANXESS Property Project commenced in September 2022. A Preliminary Feasibility Study (“PFS”) of the South West Arkansas Project commenced in May 2022. The Company is also pursuing the resource development of other projects in the Smackover Formation in East Texas, as well as approximately 45,000 acres of 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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