Standard Lithium (TSX.V: SLI) (US NYSE: SLI) (FRA: S5L), a lithium project development and innovative technology company, has signed a letter of intent (“LOI”) with Koch Minerals & Trading LLC (“KM&T”) for the purchase of lithium chemicals and supply in key raw materials. According to the update, the main purpose 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. “Koch is a significant investor in Standard Lithium, and we are delighted to develop this strategic relationship. Developing a market-based pricing structure with KM&T on our Southwest Arkansas project will allow the company to benefit from the high prices expected for lithium chemicals over the next decade and into beyond,” said Robert Mintak, CEO of Standard Lithium. “Furthermore, the ability to leverage KM&T’s substantial raw materials purchasing and trading capabilities to optimize the price, quality and quantity of reagents needed to operate the plants in the future, which is significant both for the financing of these projects and for their successful operation.
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About Standard Lithium Ltd.
Standard Lithium is an innovative lithium technology and development company. The company has commissioned its first utility-scale direct lithium extraction demonstration plant at the Lanxess South Plant in southern Arkansas. The demonstration plant uses the company’s proprietary “LiSTR” technology to selectively extract lithium from Lanxess tail brine. The demonstration plant is 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 dramatically increases efficient lithium recovery. The Company is also pursuing resource development of more than 30,000 acres of separate brine leases located in southwest Arkansas, called the Southwest Arkansas Lithium Project, and approximately 45,000 acres mining claims 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 symbol SLI, and on the Frankfurt Stock Exchange under the symbol S5L. For more information, please visit the company’s website at www.StandardLithium.com.
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