Standard Lithium Ltd. JV Achieves Record Lithium Grades at Smackover Project
TL;DR
Standard Lithium's record lithium concentration of 616 mg/L at the Lester well positions it as a leader in sustainable lithium production, offering investors a competitive edge in the green energy sector.
Standard Lithium and Equinor's joint venture completes Phase 1 exploration with a 582 mg/L average lithium concentration, advancing towards a Definitive Feasibility Study by Q3 2025.
Standard Lithium's sustainable lithium development in Arkansas and Texas supports the global transition to green energy, making tomorrow cleaner and more energy-efficient.
Discover how Standard Lithium's breakthrough in lithium concentration at the Lester well is setting new standards for sustainable lithium extraction and production.
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Standard Lithium Ltd. (NYSE American: SLI), in collaboration with Equinor through their joint venture Smackover Lithium, has announced a significant milestone in lithium brine exploration at the South West Arkansas (SWA) Project. The completion of sampling from the Lester well revealed the highest lithium concentration recorded to date at 616 mg/L, with average concentrations from three samples reaching 582 mg/L. This achievement concludes the sub-surface exploration activities for Phase 1 of the project.
The joint venture team is now focusing on advancing its Front-End Engineering Design (FEED) study, with expectations to complete a Definitive Feasibility Study by the third quarter of 2025. The aim is to reach a Final Investment Decision by the end of the same year. This progress underscores the potential of the Smackover Formation as a world-class lithium-brine asset, particularly in Arkansas and Texas, where Standard Lithium Ltd. is concentrating its efforts.
The significance of this development lies in the growing demand for lithium, a critical component in the production of batteries for electric vehicles and renewable energy storage systems. The record-breaking lithium grades at the SWA Project not only highlight the quality of the resource but also the efficiency of Standard Lithium Ltd.'s direct lithium extraction (DLE) and purification process. This method is pivotal for achieving sustainable, commercial-scale lithium production, aligning with global efforts to transition towards cleaner energy sources.
For further details on this announcement, visit https://ibn.fm/CcQfG. Standard Lithium Ltd.'s commitment to sustainable lithium development is evident in its portfolio of high-grade lithium-brine properties, supported by robust infrastructure and streamlined permitting processes. The company's partnership with global energy leader Equinor ASA and its ongoing projects in the Smackover Formation position it as a key player in the lithium market.
Curated from InvestorBrandNetwork (IBN)
