New manufacturers are joining the race to design electric vehicles, accelerating a revolution in the car market that could result in strong lithium demand as a battery ingredient. Standard Lithium (TSX.V: SLL) (OTC: STLHF) (STLHF Profile) is one of several companies that are innovating to meet this demand scenario by developing new technology that could unlock a major supply source untapped in Arkansas. Major producers Sociedad Química y Minera de Chile (NYSE: SQM) and Albemarle Corp. (NYSE: ALB) have already got permission by the Chilean government to carry out major expansions in the Atacama Desert to expand supply for the EV market. MGX Minerals, Inc. (CSE: XMG)(OTC: MGXMF) is working to develop a means to separate minerals from oilfield waste in order to meet surging demand from EV manufacturers such as Tesla, Inc (NASDAQ: TSLA).
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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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