Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project-development company, is reporting on recent corporate and project developments. Highlights of the update include additions to SLI management, a master service agreement (“MSA”) with Telescope Innovations (“TELI”), the progress of a DFS/FEED study award and increased shareholdings by senior management. Specifically, SLI named new positions and members to its management team, including Jason Tielker as vice president of project delivery and Angus Remfry as director of project delivery. In addition, the company is reviewing Pre-FEED deliverables related to its first commercial plant with the anticipation of awarding the FEED and Definitive Feasibility Study work by next month. SLI also signed a MSA with TELI designed to conduct novel CO2-focused research and development. TELI is led by Jason Hein, who has worked successfully with Standard Lithium before and is the inventor of the SLI’s proprietary SiFT lithium carbonate crystallization technology. “Standard Lithium and our contractors have been working diligently through the Pre-FEED process to refine designs and work towards the award of the FEED and DFS contract,” said Standard Lithium president and COO Dr. Andy Robinson in the press release. “We have been adding several key internal resources and are delighted to have Jason and Angus on board to help us accelerate all our projects; they bring invaluable big-project delivery expertise that will be needed as we move towards construction on our first commercial project and continue to advance our pipeline of development projects. As we contemplate the ever-more significant role of CO2 in the future economy, our engagement with Telescope Innovations is very timely. We have the potential to actively decarbonize our business and sequester significant quantities of CO2 deep underground as part of our future lithium extraction and brine recycling operations, and as such, a thorough understanding of the chemistry and technology required is paramount. Standard Lithium has previously benefitted from Professor Hein’s expertise and is delighted to work with him and Telescope’s world-class team to better understand this potential future value creation stream.”
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About Standard Lithium Ltd.
Standard Lithium is an innovative technology and lithium development company. 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 more than 150,000 acres of permitted brine operations. The company operates its first-of-a-kind, industrial-scale, direct-lithium-extraction demonstration plant at Lanxess’s south plant facility. The demonstration plant utilizes the company’s proprietary LiSTR technology to selectively extract lithium from Lanxess’s tail brine. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. 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. The company is also pursuing the resource development of more than 30,000 acres of separate brine leases located in southwestern Arkansas, referred to as the South West Arkansas Lithium Project, and 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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