Welcome to our dedicated page for Standard Lithium Ltd. news (Ticker: SLI), a resource for investors and traders seeking the latest updates and insights on Standard Lithium Ltd. stock.
Standard Lithium Ltd. (Symbol: SLI) is a pioneering company dedicated to the exploration and development of lithium brine properties in the United States. With a strong focus on technological innovation and results, the company is led by a management team with extensive technical expertise. Their key project, the Arkansas Lithium Project, is strategically located in south-central Arkansas, positioning Standard Lithium at the forefront of the domestic lithium production industry.
SLI's portfolio includes several promising ventures such as the Lanxess Project, Tetra Project, and the Bristol Dry Lake Project. These projects underline the company's commitment to diversifying its production locations and leveraging advanced technologies to optimize lithium extraction and processing.
Recently, Standard Lithium has made significant strides in its operations. The company has commissioned and operationalized a commercial-scale Direct Lithium Extraction (DLE) column at its demonstration plant in Arkansas, utilizing Koch Technology Solutions Li-Pro LSS Unit. This development marks a critical phase in their efforts to further de-risk and validate the DLE process through extensive testing over the next six months.
In financial terms, Standard Lithium continues to advance strategic and commercial discussions while maintaining a strong financial position with no debt obligations and substantial cash reserves. Recent financial statements and conference calls, such as the upcoming Q3 fiscal results webcast scheduled for May 13, 2024, provide transparency and insight into the company’s financial health and strategic direction.
The company has also gained significant commercial traction with a notable investment commitment from Equinor, which has pledged up to US$160 million for a 45% interest in two special purpose entities with SLI. This collaboration aims to develop a sustainable lithium business in the United States, underscoring Standard Lithium's strategic importance in the global lithium supply chain.
Standard Lithium actively engages with stakeholders and the broader community through regular updates and participation in industry events. For instance, Arkansas Governor Sarah Huckabee Sanders and U.S. Senator John Boozman are slated to deliver keynotes at a sold-out summit, further highlighting the company’s influence and commitment to regional economic development.
Stay informed about Standard Lithium's latest updates and developments by following their official Twitter handle (@standardlithium) and LinkedIn page.
Standard Lithium Ltd. has released a Preliminary Economic Assessment (PEA) for its South-West Arkansas Lithium Project, showcasing a pre-tax NPV of US$2.83 billion and an IRR of 40.5%. The project anticipates an average annual production of 30,000 tonnes of battery-quality lithium hydroxide over a 20-year mine life, with operating costs estimated at US$2,599 per tonne. The total capital expenditure is projected at US$870 million. This PEA highlights a total in-situ resource of 1,195,000 tonnes LCE, positioning Standard Lithium for significant advancements in lithium production.
Standard Lithium Ltd. announced positive results from the Preliminary Economic Assessment (PEA) of its South-West Arkansas Lithium Project. The PEA estimates a pre-tax NPV of US$2.83 billion with an internal rate of return (IRR) of 40.5%. The project, which has a 20-year mine life, plans to produce an average of 30,000 tonnes per year of battery-quality lithium hydroxide at operating costs of US$2,599 per tonne. Total capital expenditure is projected at US$870 million. The updated resource estimate shows a total in-situ resource of 1,195,000 tonnes Lithium Carbonate Equivalent (LCE) in the inferred category.
Standard Lithium Ltd. (SLI) is launching a pilot project in southern Arkansas to test a novel carbon capture technology in collaboration with Aqualung Carbon Capture AS and Mission Creek Resources LLC. The project aims to reduce CO2 emissions and minimize reagent costs, contributing to sustainable lithium production in the Gulf Coast region. The pilot, utilizing a membrane system for CO2 extraction, aligns with the White House's Carbon Capture initiative. Manufacturing of the pilot unit is set to begin in Q4 2021, with installation planned for early 2022.
Standard Lithium Ltd. (SLI) is launching a pilot project in southern Arkansas to test innovative carbon capture technology in collaboration with Aqualung Carbon Capture AS. The project aims to minimize CO2 emissions from lithium production processes and optimize production costs. This initiative aligns with the U.S. government's goals for sustainable lithium production and reflects an alignment with the White House's recent CCUS announcement. Manufacturing of the pilot unit is set to begin in Q4 2021, with installation planned for early 2022.
Standard Lithium Ltd. (SLI) provided an update on its SiFT lithium carbonate plant installation at the South Arkansas project. The plant is fully installed, with 'wet' commissioning ongoing, aiming for operational integration by September. A new High Pressure Reverse Osmosis (HPRO) unit is now operational, enhancing the lithium extraction process. The company also reported no storm-related disruptions from Hurricane Ida due to preemptive safety measures. Standard Lithium is engaged in community sponsorships for local events, promoting corporate social responsibility.
Standard Lithium Ltd. (SLI) has completed the installation of its SiFT lithium carbonate plant at its South Arkansas project. All major connections are made, with 'wet' commissioning ongoing and full operations expected to start in September. The company also announced the installation of a High Pressure Reverse Osmosis unit to enhance lithium chloride concentration. Furthermore, operations were uninterrupted by Hurricane Ida due to proactive safety measures. Standard Lithium is committed to community engagement, sponsoring local events.
Standard Lithium Ltd. has filed a preliminary short form base shelf prospectus with Canadian securities regulators, allowing future offerings of securities of up to US$250 million. The Company has a robust cash position of C$30.26 million and is debt-free. This filing seeks to enhance financial flexibility for strategic initiatives, with no immediate plans for capital raising. The Shelf Prospectus supports the Company’s growth strategy and is a preliminary step towards a US registration statement. Standard Lithium focuses on innovative lithium extraction technologies in Arkansas.
TETRA Technologies reported second quarter 2021 revenue of $102 million, a 32% sequential increase from Q1 2021, benefitting from peak seasonal sales in Northern Europe. The net loss before discontinued operations narrowed to $6.7 million from $11.9 million in Q1. Adjusted EBITDA rose 44% to $13 million, driven by improved operational performance. Despite a cash flow decline, demand for completion fluids is expected to rise. The company is also expanding its facility in Finland and investing in low carbon energy initiatives, including a $5 million investment in CarbonFree.
Standard Lithium Ltd. has appointed Dr. Volker Berl as an independent director, effective immediately. Dr. Berl brings extensive experience from the chemical industry and institutional capital markets, which is expected to bolster the company's objectives in lithium project development. He previously held notable positions at BASF and Deutsche Bank and is currently involved with multiple technology-focused companies. As part of his appointment, he received performance share units, restricted share units, and stock options, subject to shareholder and regulatory approval of the long-term incentive plan.
Standard Lithium Ltd. (SLI) has successfully delivered its ‘SiFT’ lithium carbonate plant to the El Dorado project site in Arkansas. The plant, linked to the existing LiSTR Direct Lithium Extraction demo plant, is designed to convert lithium chloride into battery-quality lithium carbonate. Having operated in Vancouver, the plant is now being integrated at the Arkansas site, with plans for a weatherproof structure to be installed soon. This move supports Standard Lithium's goal of operating North America's only 24/7 brine-to-carbonate plant, enhancing its production capabilities.
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