Lithium-focused exploration company Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this
morning announced that it has broken ground for its first-of-a-kind direct
lithium extraction demonstration plant. According to the update, the El Dorado,
Arkansas plant will employ the company’s proprietary technology to selectively
extract lithium from tail brine, a by-product of the existing bromine
production operations run by LANXESS. “No new lithium mine has been built in
the United States in over five decades; breaking ground at our El Dorado site
represents a major achievement towards changing that,” Standard Lithium CEO
Robert Mintak stated in the news release. “We anticipate our project and
progress will be keenly watched as lithium has taken on significant political
interest with the White House 2017 executive order and subsequent pending legislation
aimed to boost domestic supplies of critical minerals.”
To view the full press release, visit http://ibn.fm/AyVAB
About Standard Lithium Ltd.
Standard Lithium is a specialty chemical company focused on
unlocking the value of existing large-scale U.S.-based lithium-brine resources.
The company believes new lithium production can be brought on stream rapidly by
minimizing project risks at selection stage (resource, political, geographic,
regulatory and permitting), and by leveraging advances in lithium extraction
technologies and processes. 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. For more information, visit the company’s website at www.StandardLithium.com.
NOTE TO INVESTORS: The latest news and updates
relating to STLHF are available in the company’s newsroom at http://ibn.fm/STLHF
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