FAQ on Standard Lithium Ltd.'s Southwest Arkansas Lithium Project and DOE Grant

What is the significance of the $225 million DOE grant for Standard Lithium Ltd.?

The $225 million U.S. Department of Energy grant supports Standard Lithium Ltd.’s Southwest Arkansas Project, enabling advancements in sustainable lithium production and reinforcing the project’s priority status under Executive Order 14241 to boost American mineral production.

What progress has Standard Lithium Ltd. made on its Southwest Arkansas Project?

Standard Lithium Ltd. has finalized a $225 million DOE grant, secured unanimous approval for its first brine production unit, and completed final field-pilot testing with over 99% lithium recovery, in partnership with Equinor under the Smackover Lithium joint venture.

How does Standard Lithium Ltd. plan to achieve sustainable lithium production?

The company aims to achieve sustainable, commercial-scale lithium production through the application of a scalable and fully integrated direct lithium extraction (DLE) and purification process, focusing on high-grade lithium-brine properties in the U.S.

What are Standard Lithium Ltd.’s flagship projects?

Standard Lithium Ltd.’s flagship projects are located in the Smackover Formation, a world-class lithium-brine asset in Arkansas and Texas, including the South West Arkansas Project and the phase 1A project in partnership with LANXESS Corp.

What is the financial status of Standard Lithium Ltd.?

As of the report, Standard Lithium Ltd. has $31.6 million in cash and no debt, positioning the company well for further permitting and royalty approvals in Q2.

Where can I find more information about Standard Lithium Ltd.?

For more information about Standard Lithium Ltd., visit their website at www.StandardLithium.com or the company’s newsroom at https://ibn.fm/SLI.

What is the Smackover Lithium joint venture?

The Smackover Lithium joint venture is a partnership between Standard Lithium Ltd. and global energy leader Equinor ASA, aimed at advancing the South West Arkansas Project and exploring lithium-brine prospects in east Texas.

What are the next steps for Standard Lithium Ltd.?

Standard Lithium Ltd. remains on track for further permitting and royalty approvals in Q2, continuing its focus on sustainable lithium production and project development in the Smackover Formation.