Standard Lithium Ltd. - SLI STOCK NEWS

SWA Lithium has signed a license agreement with Koch Technology Solutions to use their Li-Pro Lithium Selective Sorption technology for their first commercial DLE project in North America. The agreement includes technology performance guarantees with lithium recovery ≥95% and impurity rejection ≥99% for key elements.

The commercial-scale DLE column at the Demonstration Plant has shown impressive results, achieving 95.4% lithium recovery efficiency during a four-month continuous operation period, processing 90 gallons per minute of brine. The technology has completed over 9,740 operational cycles and processed over 24 million gallons of Smackover brine, demonstrating excellent contamination rejection rates exceeding 99% for major impurities.

Standard Lithium (TSXV:SLI) (NYSE American:SLI) reported its financial results for the fiscal year and fourth quarter ended June 30, 2024. Key highlights include:

1. Received a conditional $225 million grant from the U.S. Department of Energy for the South West Arkansas Project.

2. Secured a strategic partnership with Equinor, who acquired a 45% interest in two Standard Lithium entities for up to $160 million.

3. Successfully installed and operated the Li-Pro™ Lithium Selective Sorption commercial scale unit at its Demonstration Plant in El Dorado, Arkansas.

4. Reported high lithium concentrations in drilling programs, with up to 806 mg/L in East Texas.

5. Advanced the South West Arkansas Project, targeting 45,000 tpa of lithium carbonate production in two phases.

6. Strengthened the management team with key executive appointments.

7. Reported cash and working capital of C$52.9 million and C$39.6 million, respectively, as of June 30, 2024.

Standard Lithium (TSXV:SLI) (NYSE American:SLI) and Equinor's jointly-owned U.S. subsidiary, SWA Lithium , has been selected for up to US$225 million award negotiation from the U.S. Department of Energy (DOE). This conditional grant, one of the largest ever awarded to a U.S. critical minerals project, is part of the second wave of funding under the Infrastructure Investment and Jobs Act.

The funding aims to expand domestic battery supply chain manufacturing and increase U.S. critical minerals production. Arkansas Governor Sarah Sanders and other state officials congratulated Standard Lithium, highlighting the potential for lithium to boost South Arkansas' economy and establish the state as a world leader in lithium production. The project is expected to create hundreds of jobs and strengthen the nation's lithium supply chain.

Standard Lithium and Equinor have been selected for up to $225 million award negotiation from the U.S. Department of Energy for their South West Arkansas lithium project. This funding will support the construction of a Central Processing Facility designed to produce 22,500 tonnes of battery-quality lithium carbonate annually using Direct Lithium Extraction technology.

The project, owned 55% by Standard Lithium and 45% by Equinor, is being expanded to target a total output of 45,000 tonnes per annum of lithium carbonate in two phases. Located in Lafayette and Columbia Counties, Arkansas, the project is expected to create up to 300 construction and 100 direct jobs, while benefiting the local community through infrastructure improvements and various development programs.

This selection is part of the DOE's efforts to expand domestic manufacturing of battery supply chain components and increase critical mineral production in the U.S.

Telescope Innovations Corp. (CSE: TELI) (OTCQB: TELIF) and Standard Lithium (TSXV: SLI) (NYSE American: SLI) have successfully developed a new method for producing high-purity lithium sulfide, a important material for next-generation solid-state batteries (SSBs). The innovative low-temperature, high-purity process addresses key challenges in lithium sulfide production:

• Reduced production costs due to lower energy consumption
• Improved product purity for enhanced SSB performance
• Simplified production process for easier management and scalability
• Environmental benefits from reduced energy use and potentially less hazardous reagents

This breakthrough aims to establish a North American-based resource and infrastructure for next-generation battery materials, potentially transforming the solid-state battery industry.

Standard Lithium (TSXV:SLI) (NYSE American:SLI) (FRA:S5L) has announced a leadership transition effective September 1, 2024. Robert Mintak will retire as CEO but remain an advisor through August 2025. David Park, currently a strategic advisor, will assume the CEO position. Park, formerly President of Koch Strategic Platforms, brings extensive experience in corporate growth and value creation.

This transition aligns with Standard Lithium's growth strategy and follows the recent partnership with Equinor ASA. During Mintak's seven-year tenure, the company established key partnerships with LANXESS, Tetra Technologies, Koch Industries, and Equinor, positioning it as a leader in the lithium sector. The change comes as Standard Lithium moves towards commercial development of its low-cost, environmentally friendly domestic lithium projects.

Standard Lithium (SLI), a near-commercial lithium development company, announced its participation in three major industry conferences in June 2024. The company will attend the Benchmark Giga USA 2024 conference in Washington DC from June 11-13, where CEO Robert Mintak will present on June 12. They will also participate in the JP Morgan 2024 Energy, Power, and Renewables Conference in New York City on June 17-18, with a fireside chat scheduled for June 18. Finally, the company will be present at the Fastmarkets 16th Lithium Supply and Battery Raw Materials Conference in Las Vegas from June 24-27, with a presentation on June 25. Key discussions will involve building the US supply chain, the Smackover opportunity in Arkansas, and meetings with federal agencies and investors.

Standard Lithium reported its financial results for the fiscal third quarter ended March 31, 2024, highlighting the strategic partnership with Equinor, which injects immediate liquidity through direct investments in South West Arkansas and East Texas projects. The company installed a commercial-scale direct lithium extraction column and advanced the South West Arkansas project. Additionally, Equinor acquired interests in the projects for a total investment of $160 million. The company maintained financial efficiency by issuing common shares, providing gross proceeds of Ca$2.4 million and US$9.5 million during the quarter. The company has no term or revolving debt obligations as of March 31, 2024.

Standard Lithium announced a strategic partnership with Equinor ASA for sustainable lithium projects, with Equinor committing up to US$160 million for a 45% stake in two entities, strengthening Standard Lithium's financial position and expertise in lithium development.