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. (TSXV: SLI, NYSE: SLI, FRA: S5L) announced its participation in the Echelon Partners Lithium Summit on April 13, 2023, at 10:00 AM PT. The virtual event is designed for investors interested in lithium opportunities.
Interested attendees not connected with Echelon can register by entering “None” in the salesperson field. Standard Lithium is focused on lithium extraction and purification through its innovative processes at projects in southern Arkansas and California. The company has a demonstration plant that utilizes Direct Lithium Extraction (DLE), significantly improving recovery rates and efficiency. Current studies include a Definitive Feasibility Study for the LANXESS Property and a Preliminary Feasibility Study for the South West Arkansas Project.
For more information, visit Standard Lithium’s website.
The lithium market is expected to grow significantly, with a projected CAGR of 13.5% from 2023 to 2028, reaching a valuation of USD 10.6 billion by 2028. This growth is driven by the increasing demand for electric vehicles (EVs) and government subsidies, leading to a rise in lithium mining activities. Active stocks in the sector include Lithium South Development (LISMF), Lithium Americas (LAC), Standard Lithium (SLI), and Piedmont Lithium (PLL). The completion of resource expansion programs and projects like the Thacker Pass by Lithium Americas indicates promising developments in lithium supply, essential for the booming EV market.
Standard Lithium Ltd. (SLI) announced a key resource expansion in the East Texas Smackover region, reporting the highest confirmed lithium grade brine in North America at 634 mg/L. This discovery is pivotal, as lithium concentration significantly influences capital expenditures and operational costs in Direct Lithium Extraction (DLE). The company has acquired rights to existing wells and plans to drill new ones, enhancing its portfolio in the Gulf Coast region. Standard Lithium is set to release further technical reports detailing these project areas shortly, underscoring its commitment to future lithium production.
The demand for lithium, crucial for renewable energy and electric vehicles, is expected to grow 40-fold by 2040, according to the International Energy Agency. Latin America, particularly Bolivia, Argentina, and Chile, houses 60% of global lithium reserves. The US Geological Survey estimates Bolivia possesses 21 million tons, Argentina 19.3 million tons, and Chile 9.6 million tons of identified lithium. Successful drilling programs at Lithium South Development's Alba Sabrina claim indicate significant lithium brine discoveries, while Sociedad Química y Minera de Chile reported a substantial revenue increase for 2022, reaching $3.9 billion.
Standard Lithium Ltd. has initiated a drilling program at its South West Arkansas Lithium Project to support its upcoming Preliminary Feasibility Study (PFS). The program aims to define resources, enhance the resource estimate, and optimize wellfield design. Dr. Andy Robinson, President and COO, stated that this systematic drilling involves both new and existing wells to gather necessary data for the PFS and the subsequent Definitive Feasibility Study (DFS). The initial re-entry into the Beulah-Taylor #1 well has been completed, reaching a total measured depth of 8,940 ft. The drilling program will continue through Q2 2023, collecting vital data for lithium extraction analysis.
Standard Lithium Ltd. (TSXV: SLI, NYSE: SLI, FRA: S5L) announced its participation in two upcoming investor conferences: the Loop Capital Markets Investor Conference and the 35th Annual ROTH Conference, both scheduled for March 13-14, 2023. The Loop Capital event will be virtual, while the ROTH Conference will take place in Laguna Niguel, CA. Management will hold one-on-one meetings with investors. Standard Lithium is a leader in lithium development with key projects in Arkansas focused on innovative lithium extraction methods. They operate a unique Direct Lithium Extraction facility, enhancing recovery efficiency and reducing environmental impact.
Standard Lithium Ltd. (TSXV: SLI, NYSE: SLI, FRA: S5L) will participate in the BMO 32nd Global Metals, Mining & Critical Minerals Conference from February 26 to March 1, 2023, in Hollywood, Florida. Management will host one-on-one meetings with investors. Interested parties can contact BMO Capital Markets or Standard Lithium's IR Team via email.
The company focuses on lithium extraction from brine across its key projects in Arkansas and is known for its innovative Direct Lithium Extraction technology. The company commenced various feasibility studies for its projects in 2022.
Standard Lithium (SLI) announced significant advancements in its commercial lithium extraction project, achieving key milestones in fiscal Q2 2023 ending December 31, 2022. The company secured a Site Access Agreement for its first commercial lithium plant, essential for conducting fieldwork for the Definitive Feasibility Study (DFS). Additionally, it received a Notice of Allowance for its final U.S. patent application on Direct Lithium Extraction (DLE) technology. The firm maintained a strong cash position with $107 million on hand and a working capital surplus of $105 million, while enhancing its competitive stance by installing a Carbon Capture Pilot Plant to minimize emissions.
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