Standard Lithium (TSX.V: SLL) (OTCQX: STLHF) (FRA: S5L), an
innovative technology and lithium development company, today announced the
successful start-up of its industrial-scale Direct Lithium Extraction
Demonstration Plant at Lanxess’ South Plant facility in southern Arkansas.
Utilizing Standard Lithium’s proprietary LiSTR Direct Lithium Extraction
technology, the plant has been successfully commissioned during the first part
of 2020 and is now operating on a 24/7 basis, extracting lithium directly from
Lanxess’ tail brine. The company’s project team in Arkansas is currently
conducting a series of systematic optimization exercises to calibrate the site
and examine how performance can be further improved. “This is an extremely
exciting time for Standard Lithium and our project partner, LANXESS. Our team
has been working tirelessly over the last few months to fully commission the
plant, despite the challenges of working in a necessarily modified and
restricted operating environment. COVID-19 related limitations have complicated
some of the commissioning activities, but our team, led by Mr. Bruce Seitz has
done a fantastic job to safely and effectively get the plant commissioned, and
transition it into full-time operation. The plant is now extracting lithium directly
from Lanxess’ tail brine, on a continuous 24/7 basis and we look forward to
providing additional news regarding its performance,” Standard Lithium
president and COO Dr. Andy Robinson stated in the news release.
To view the full press release, visit http://ibn.fm/bogQr
About Standard Lithium Ltd.
Standard Lithium (TSXV: SLL) is a specialty chemical company
focused on unlocking the value of existing large-scale US 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 & 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. The company is currently installing
a first-of-its-kind Demonstration Plant that will use the company’s proprietary
technology to selectively extract lithium from LANXESS’ tailbrine. This
Demonstration Plant will be used to prove commercial feasibility. The
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 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
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and
more, these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment