Standard Lithium (TSX.V: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium project development company, announced that the Honorable Francis R. Fannon will be joining the company as a strategic advisor. Fannon, who in 2018 was unanimously confirmed by the United States Senate to serve as the inaugural assistant Secretary of State for Energy Resources, brings impressive expertise and insight into both the public and private sector to his new role. Fannon will provide invaluable support and advice on strategic issues as well as strengthen STLHF’s overall capital markets profile and development and commercialization activities. While at the State Department, Fannon increased global awareness of the importance of critical materials such as lithium in energy transition and directed bilateral and multinational coalitions to encourage countries in their development of clean energy minerals. Before serving in the State Department, Fannon led organizations and created business opportunities as a corporate executive for more than two decades, working in executive positions at BHP, and Murphy Oil Corporation. “Frank has tremendous knowledge about the new energy economy and the importance of secure, domestic supplies of critical materials like lithium,” said Standard Lithium CEO Robert Mintak in the press release. “His previous role with Murphy Oil, which included a stint in El Dorado, provides him broad understanding about how to grow an industry leading company that creates good-paying jobs and contributes to the nation’s economy. Frank will be a valuable asset to Standard Lithium, and we are excited to welcome him aboard.”
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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 has commissioned its first-of-a-kind industrial scale direct lithium extraction demonstration plant at LANXESS’ South Plant facility in Southern Arkansas. The demonstration plant utilizes the company’s proprietary LiSTR technology to selectively extract lithium from LANXESS’ tailbrine. 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 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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