Standard Lithium Appoints Robert Cross as Non-Executive Chairman
September 04 2018 - 3:01AM
Standard Lithium Appoints Robert Cross as Non-Executive
Chairman
Standard Lithium Ltd. (“Standard Lithium” or the
“Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), is pleased to
announce the appointment of Robert Cross to its Board of Directors
as Non-Executive Chairman, effective immediately.
“Mr. Cross is a seasoned leader and one of the
most accomplished and respected professionals in the energy and
mining sector,” stated Robert Mintak, CEO of Standard Lithium. “Bob
has a deep understanding and appreciation of our projects and his
career experience in capital markets and in leading strategic
transactions will help Standard’s senior management and Board
achieve significant value for our shareholders.”
Mr. Cross commented, “I have known the senior
management team at Standard for a number of years and believe that
their disciplined development approach that leverages existing
infrastructure through agreements with permitted commercial brine
operators positions Standard as one of the most advanced lithium
development companies globally.”
Mr. Cross is an engineer with 25 years of
experience as a financier and company builder in the mining and oil
& gas sectors. He co-founded and serves as Chairman of B2Gold,
a top performing growing gold producer which will achieve almost
one million ounces of low cost gold production in 2018. He was also
co-founder and Chairman of Bankers Petroleum Ltd., co-founder and
Chairman of Petrodorado Energy Ltd., and until October 2007, was
the Non-Executive Chairman of Northern Orion Resources Inc.
Between 1996 and 1998, Mr. Cross was Chairman and CEO of
Yorkton Securities Inc. From 1987 to 1994, he was a Partner,
Investment Banking with Gordon Capital Corporation in Toronto.
Mr. Cross has an Engineering Degree from the University of
Waterloo (1982) and received an MBA from Harvard in 1987.
In connection with the appointment of Mr. Cross,
the Board of Directors has approved the grant of 2,000,000
incentive stock options to directors, senior management and
consultants of the Company. The options are exercisable at a
price of $1.40 for a period of sixty months. Completion of
the grant is subject to the approval of the TSX Venture
Exchange.
About Standard Lithium Ltd.The
Company’s flagship project is in southern Arkansas, where it is
engaged in the testing and proving of commercial viability of
lithium extraction from over 150,000 acres of permitted brine
operations and also the resource development of over 30,000 acres
of separate brine leases, both located in the Smackover formation.
It is also engaged in the exploration and resource development of
approximately 45,000 acres at the Bristol and Cadiz Dry Lake
lithium projects located in the Mojave Desert in San Bernardino
County, California.
Standard Lithium is listed on the TSX Venture
Exchange under the trading symbol “SLL”; quoted on the OTCQX under
the symbol “STLHF”; and on the Frankfurt Stock Exchange under the
symbol “S5L”. Please visit the Company’s website at
www.standardlithium.com.
For further information, contact Anthony Alvaro
at (604) 240 4793
On behalf of the Board,
Standard Lithium Ltd.Robert Mintak, CEO &
Director
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) 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 prices of commodities, accuracy of mineral or
resource exploration activity, reserves or resources, 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.
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