LEADING THE NEW WAVE OF LITHIUM DEVELOPERS
Applying innovative proprietary technologies and strategic partnerships to build the first new U.S. lithium project in over five decades.
US ASSETS REQUIRE A NEW APPROACH:
“The U.S. has a lot more untapped lithium resources than economically mined reserves at this point.”
Brian Jaskula, USGS Mineral Commodity Specialist (2017)
By leveraging the existing infrastructure and operational expertise of the largest brine processing facilities in North America, Standard Lithium is leading a new wave of U.S. lithium production. Utilizing proprietary advanced processing technologies and strategic partnerships, the company believes new lithium production can be achieved quickly and more cost effectively.
The Company’s flagship project, the 150,000+ acre “Lanxess Project”, is located in the prolific and productive Smackover brine region of southern Arkansas. By securing access to the strategic resource through agreements with the region’s largest commercial brine operator, Standard Lithium plans to leverage the extensive existing infrastructure and permits, to fast-track the projects’ development timelines.
“Arkansas produces about 9.4 billion gallons of brine annually, according to 2010-16 average statistics reported by the Arkansas Oil & Gas Commission.”
Standard Lithium’s patent-pending direct lithium extraction process is the key to unlocking this strategic domestic critical mineral resource. The direct extraction process, known as “LiSTR” has the potential to vastly reduce the recovery time of extracting lithium from brine from as long as a year for conventional evaporation pond processing to just several hours. The process may also prove to be much more environmentally friendly with a significantly smaller footprint - compared to the conventional evaporation pond processes.Learn More
Standard Lithium and global specialty chemical company Lanxess AG have signed both a binding Memorandum of Understanding (MOU) and a general Joint Venture (JV) term sheet agreement for a contemplated commercial production of battery-grade lithium compounds from brine extracted from the Smackover Formation in south Arkansas.
The MOU and JV agreement allow Standard Lithium to demonstrate its proprietary LiSTR direct lithium extraction technology on the premises of Lanxess southern brine processing plant. By connecting directly to the existing “tail brine” stream of Lanxess permitted operations the company is saving both significant time and infrastructure cost.
Under the proposed terms of the joint venture*, LANXESS would contribute lithium extraction rights and grant access to its existing infrastructure to the joint venture, and Standard Lithium would contribute existing rights and leases held in the Smackover Formation and the demonstration lithium extraction plant being developed as well as its proprietary extraction processes including all relevant intellectual property rights. Upon proof of concept, LANXESS is prepared to provide funding to the joint venture to allow for commercial development of the future commercial project, and it is anticipated that the joint venture will include options for Standard Lithium to participate in project funding on similar terms. The final terms of the joint venture and any funding arrangement remain subject to completion of due diligence, technical proof of concept, normal economic viability studies (e.g. Preliminary Feasibility Study etc.) to confirm the technical feasibility and economic viability of the project, and the negotiation of definitive agreements between the parties.
A recently completed positive Preliminary Economic Assessment targets the production of 20,900 tonnes lithium carbonate from a 3,140,000 tonnes lithium carbonate equivalent (LCE) Indicated Resource from the 150,000 acre Lanxess project.
* 70/30 JV in favor of Lanxess AG with an option for Standard Lithium to achieve 40% subject to attaining certain milestones