Standard Lithium Ltd. (“Standard Lithium” or the
“Company”) (TSXV: SLI) (NYSE.A: SLI) (FRA: S5L), an innovative
technology and lithium project development company, has signed a
Letter of Intent (“
LOI”) with Koch Minerals &
Trading LLC (
“KM&T”) for the purchase of
lithium chemical off-take and the procurement of key raw materials.
The principal aim of the LOI is to develop a market-based pricing
mechanism for KM&T to procure lithium hydroxide (and other
lithium chemicals) produced by Standard Lithium at the South West
Arkansas Project (See news release dated November 26th 2021).
KM&T is also expected to assist the Company with the effective
procurement of key raw materials and chemical reagents by
leveraging Koch’s expertise, networks and global scale.
With respect to future lithium chemical
off-take, this does not affect any off-take arrangements existing
or contemplated with LANXESS, related to the proposed future
commercial plant(s) at their operating facilities.
“Koch is a significant investor in Standard
Lithium, and we are excited to expand on this strategic
relationship. Developing a market-based pricing off-take structure
with KM&T at our South-West Arkansas project will allow the
Company to benefit from the projected high prices for lithium
chemicals in the coming decade and beyond,” said Robert Mintak,
Standard Lithium’s CEO. “Additionally, the ability to leverage
KM&T’s substantial purchasing and commodity trading
capabilities to optimize the price, quality and quantity of
reagents required to operate the plants in the future, which is
meaningful both for financing these projects as well as their
successful operation.”
“KM&T is focused on applying its existing
trading, marketing and logistics capabilities to lithium and other
critical materials of the future. These capabilities help producers
optimize the sourcing of key raw materials and marketing of
valuable finished products. We are excited about the strategic
relationship with Standard Lithium and believe our combined
capabilities will create superior value in the lithium value
chain,” said Jon Chisholm, vice president of KM&T business
development.
Standard Lithium’s flagship project, located in
southern Arkansas, is testing and proving the commercial viability
of lithium extraction from over 150,000 acres of permitted brine
operations. Standard Lithium’s technology-focused approach to
sustainable project development differentiates it from other
lithium mining companies. Its cutting edge “LiSTR” DLE process is
key to unlocking a globally significant Smackover lithium resource
that is fast, efficient, and environmentally friendly.
About Standard Lithium Ltd.
Standard Lithium is an innovative technology and
lithium development company. The Company has commissioned its
first-of-a-kind industrial-scale direct lithium extraction
demonstration plant at Lanxess’s south plant facility in southern
Arkansas. 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 over 30,000 acres of separate
brine leases located in southwest 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.
Standard Lithium is jointly listed on the TSX
Venture Exchange and the NYSE American under the trading symbol
“SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”.
Please visit the Company’s website
at https://www.standardlithium.com.
On behalf of the Board of Standard Lithium
Ltd.
Robert Mintak, CEO & Director
About Koch Minerals and
Trading
KM&T is one of the world’s largest trading
firms, with marketing, trading and logistics management for
millions of tons of product every year. KM&T’s products include
fuels, sulfur, wood pulp, fertilizers, metallics, paper products
and other vital substances traded throughout a global network of
terminals, ports, and other critical assets required to deliver
product to over 50 countries. KM&T’s cross-commodity resources
bring scale and competitive advantage to the products traded
creating superior value.
https://www.kochind.com/
None of the TSX Venture Exchange, its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) or the NYSE American accepts responsibility for
the adequacy or accuracy of this release. This news release
may contain certain “Forward-Looking Statements” within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and applicable Canadian securities laws. When used in this
news release, the words “anticipate”, “believe”, “estimate”,
“expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other
similar words or expressions identify forward-looking statements or
information. These forward-looking statements or information may
relate to future plans and objectives of the Company, including,
without limitation, the implementation of the Option Plan and the
Incentive Plan, future prices of commodities, accuracy of mineral
or resource exploration activity, reserves or resources, accuracy
of preliminary economic assessments, including net present value,
internal rate of return, capital and operating costs, life of mine
production, progression of the project, including to a
pre-feasibility study, regulatory or government requirements or
approvals, the reliability of third party information, continued
access to mineral properties or infrastructure, fluctuations in the
market for lithium and its derivatives, changes in exploration
costs and government regulation in Canada and the United States,
and other factors or information. Such statements represent the
Company’s current views with respect to future events and are
necessarily based upon a number of assumptions and estimates that,
while considered reasonable by the Company, are inherently subject
to significant business, economic, competitive, political and
social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements
to be materially different from the results, performance or
achievements that are or may be expressed or implied by such
forward-looking statements. The Company does not intend, and does
not assume any obligation, to update these forward-looking
statements or information to reflect changes in assumptions or
changes in circumstances or any other events affections such
statements and information other than as required by applicable
laws, rules and regulations.
For further information, contact:
Contact:
LHA Investor Relations
David Barnard
+1 415-433-3777
standardlithium@lhai.com
info@standardlithium.com
Twitter: @standardlithium
LinkedIn: https://www.linkedin.com/company/standard-lithium/
Koch Industries
Christin Fernandez, Director of Communications
202-879-8546
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