- Standard Lithium works to reduce political, permitting and technology risks
- Standard Lithium is expanding facilities into southern Arkansas
- Innovative low-risk opportunities being sought to meet the increasing demand for lithium
Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) actively seeks to reduce political, permitting and technology risks, all while positioning itself as a leader in the production of lithium. The company works to eliminate exploration and development risks by focusing on existing brine fields and partnering with U.S. chemical processing companies. By focusing on U.S.-based assets, Standard reduces political and geographical risks, working within jurisdictions that already understand how to permit and approve brine extraction and processing at large industrial scales. Whenever possible, Standard partners with companies holding existing permits and licenses in favorable jurisdictions. Technology risks are decreased by leveraging existing industrial processes and extraction technologies, partnering with world class chemical processing engineers and using leading scientific and engineering advisory teams.
A network of brine production wells in southern Arkansas provides access to the Smackover Formation. In a statement made by Standard Lithium’s Chief Executive Officer, Robert Mintak, there is talk of building a Pilot Plant “fed by a network of brine production wells in southern Arkansas that access underground brine from the Smackover Formation and transport it via an extensive system of pipelines and related infrastructure.”
In the last 80 years, the Smackover Formation has produced billions of barrels of brines. This opportunity will give the company access to tail brines for the testing of viable lithium extraction and aligns fully with Standard Lithium’s goal of creating efficient processing techniques to produce battery-grade lithium products from otherwise overlooked brine resources.
With the demand for lithium set to increase by more than 300 percent in the next eight years, the company is looking for innovative low-risk opportunities to meet the need. In the Mojave Desert of California, it is using the region’s record-high evaporation rates to its advantage. Standard has installed six new separate evaporation ponds at its Bristol Dry Lake property for extensive brine extraction and processing. The company’s project area in California covers over 45,000 acres, and its recent entry into an option agreement with TETRA Technologies Inc. will provide access to 33,000 acres of brine leases in southern Arkansas.
The world’s demand for lithium is on the uptick with the ever-increasing interest in electric vehicles, smartphones, laptops and other battery-operated technologies. Standard Lithium is positioning itself to be a leader in the industry. In 2017, its stock returned 348 percent to investors, and the company has a current market cap of around C$136 million.
For more information, visit the company’s website at www.StandardLithium.com
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