Standard Lithium Makes First Pilot-Scale Battery Quality Lithium Carbonate, Engages Investor Relations Firm, LHA
January 09 2019 - 3:01AM
Standard Lithium Makes First Pilot-Scale Battery Quality Lithium
Carbonate, Engages Investor Relations Firm, LHA
Standard Lithium Ltd. (“Standard Lithium” or the
“Company”) (TSXV: SLL) (OTC-Nasdaq Intl. Designation: STLHF) (FRA:
S5L), announced that the Company has produced its first quantity of
battery quality (>99.56% purity) lithium carbonate.
Dr. Andy Robinson, President and COO of Standard
Lithium, commented, “We continue to be very pleased with the
performance of our prototype pilot. Whilst we had previously
made ‘battery quality’ carbonate at bench scale using our
proprietary technology, we consider it an important milestone that
we can achieve the same very high levels of purity at the larger
scale of our prototype pilot. This has provided Standard
Lithium, our Technical Team and our design partners with all the
confidence needed to commence detailed design on the main
crystallisation pilot plant, and this work is now ongoing.”
The battery quality lithium carbonate was
produced at the Company’s prototype Lithium Carbonate
Crystallisation Pilot Plant operated by Saltworks Technologies
Inc., at their facility in Richmond, British Columbia,
Canada. The Crystallisation Pilot Plant is based on Standard
Lithium’s proprietary technology, and information regarding its
commissioning and first results were reported in news dated
December 12, 2018. As previously reported, the synthetic feed
solution to the crystallisation process was relatively ‘impure’;
similar to, but less pure than that produced by the Company’s
Lithium Extraction Process (as per ongoing testing at the Company’s
mini-pilot plant in Ontario).
Lithium Carbonate Crystallisation Pilot
Plant The prototype crystallisation plant was operated as
a two-stage crystallisation process. The initial solids
produced from the first run (as previously reported December 12,
2018), were re-solubilised and crystallised a second time.
The solids produced from this second run (second stage as
reported here) were then hot-washed, filtered and dried. The
resulting lithium carbonate crystals were a fine free-flowing
powder and were >99.56% pure. Despite the fact that the
synthetic starting solution had more impurities than are
anticipated to be present in the solution the upstream process will
produce, lithium carbonate purity targets were met, giving a
measure of comfort that the crystallisation process is
robust. Additional optimisation is now being performed, and
the technical team will also be adjusting the composition of the
input feed stream so as to optimise how the two parts of Standard
Lithium’s proprietary technologies work together.
Quality AssuranceDr. Ron
Molnar, Professional Metallurgical Engineer (Ontario P.E.#
100111288), is a qualified person as defined by NI 43-101, and has
reviewed and approved the scientific and technical information that
forms the basis for this news release. Dr. Molnar is
independent of the Company.
Investor Relations Standard
Lithium Ltd. also announced it has retained the services of
Lippert/Heilshorn & Associates, Inc. (“LHA”) to provide
investor relations services to the Company. Services will
include providing guidance on best practices for shareholder
communication, drafting and reviewing of corporate disclosure and
coordinating conferences and presentations with shareholders and
the investment community. LHA will be compensated at a rate
of US$15,000 per month for an initial twelve-month term. The
agreement is subject to the approval of the TSX Venture
Exchange.
Founded in 1984 with headquarters in New York and
offices in Los Angeles and San Francisco, LHA is
comprised of seasoned professionals working in teams who are
committed to serving small-cap companies across multiple industry
sectors. Market capitalizations of LHA’s clients range from
under $100 million to over $10 billion.
About Standard Lithium
Ltd.Standard Lithium (TSX: SLL) is specialty chemical
company focused on unlocking the value of existing large-scale US
based lithium bearing 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 utilising 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.
Standard Lithium is listed on the TSX Venture
Exchange under the trading symbol “SLL”; quoted on the OTC – Nasdaq
International Designation: STLHF; and on the Frankfurt Stock
Exchange under the symbol “S5L”. Please visit the Company’s website
at www.standardlithium.com.
Forward Looking Statements
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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