Standard Lithium Reports Results for Six Month Fiscal Period Ended December 31, 2024
Standard Lithium (SLI) has reported its financial results for the six-month fiscal period ended December 31, 2024. The company secured a significant $225 million grant from the U.S. Department of Energy for its South West Arkansas (SWA) project, which is set to become one of the world's first commercial-scale Direct Lithium Extraction facilities.
Key operational highlights include: successful completion of extensive field testing with lithium recovery exceeding 99%, implementation of Koch Technology Solutions' Li-Pro LSS technology with 95.4% recovery efficiency over 10,000 operational cycles, and continued progress on FEED and DFS studies expected to complete in summer. The company maintains a strong financial position with $31.2 million in cash and $27.5 million in working capital, with no term or revolving debt obligations.
The company also announced the formation of Smackover Lithium, a joint venture with Equinor, and made strategic additions to its leadership team, including new CEO David Park and board members Karen G. Narwold and Paul Collins.
Standard Lithium (SLI) ha riportato i risultati finanziari per il periodo fiscale di sei mesi conclusosi il 31 dicembre 2024. L'azienda ha ottenuto un significativo finanziamento di 225 milioni di dollari dal Dipartimento dell'Energia degli Stati Uniti per il suo progetto nel Sud-Ovest dell'Arkansas (SWA), che si prevede diventerà uno dei primi impianti commerciali al mondo per l'estrazione diretta di litio.
Le principali evidenze operative includono: il completamento con successo di ampi test sul campo con un recupero di litio superiore al 99%, l'implementazione della tecnologia Li-Pro LSS di Koch Technology Solutions con un'efficienza di recupero del 95,4% su oltre 10.000 cicli operativi, e continui progressi negli studi FEED e DFS, previsti per essere completati in estate. L'azienda mantiene una solida posizione finanziaria con 31,2 milioni di dollari in contante e 27,5 milioni di dollari in capitale circolante, senza obbligazioni di debito a termine o revolving.
L'azienda ha anche annunciato la formazione di Smackover Lithium, una joint venture con Equinor, e ha effettuato aggiunte strategiche al suo team dirigenziale, inclusi il nuovo CEO David Park e i membri del consiglio Karen G. Narwold e Paul Collins.
Standard Lithium (SLI) ha informado sus resultados financieros para el período fiscal de seis meses que finalizó el 31 de diciembre de 2024. La empresa aseguró una importante para su proyecto en el suroeste de Arkansas (SWA), que se espera que se convierta en una de las primeras instalaciones comerciales a escala para la extracción directa de litio en el mundo.
Los aspectos operativos clave incluyen: la finalización exitosa de pruebas de campo extensivas con una recuperación de litio que supera el 99%, la implementación de la tecnología Li-Pro LSS de Koch Technology Solutions con una eficiencia de recuperación del 95.4% durante más de 10,000 ciclos operativos, y el progreso continuo en los estudios FEED y DFS que se espera finalizar en verano. La empresa mantiene una sólida posición financiera con 31.2 millones de dólares en efectivo y 27.5 millones de dólares en capital de trabajo, sin obligaciones de deuda a plazo o revolventes.
La empresa también anunció la formación de Smackover Lithium, una empresa conjunta con Equinor, y realizó adiciones estratégicas a su equipo de liderazgo, incluido el nuevo CEO David Park y los miembros de la junta Karen G. Narwold y Paul Collins.
스탠다드 리튬(Standard Lithium, SLI)는 2024년 12월 31일로 종료된 6개월 회계 기간에 대한 재무 결과를 보고했습니다. 이 회사는 남서부 아칸소(SWA) 프로젝트를 위해 미국 에너지부로부터 2억 2500만 달러의 보조금을 확보했으며, 이는 세계 최초의 상업 규모의 직접 리튬 추출 시설 중 하나가 될 것으로 예상됩니다.
주요 운영 하이라이트로는: 리튬 회수율이 99%를 초과하는 광범위한 현장 테스트의 성공적인 완료, Koch Technology Solutions의 Li-Pro LSS 기술의 구현으로 10,000회 운영 사이클 동안 95.4%의 회수 효율성 달성, 여름에 완료될 것으로 예상되는 FEED 및 DFS 연구의 지속적인 진전이 포함됩니다. 이 회사는 3120만 달러의 현금과 2750만 달러의 운영 자본을 보유하며, 만기 또는 회전 신용 부채 의무는 없습니다.
회사는 또한 Equinor와의 합작 투자인 Smackover Lithium의 설립을 발표했으며, 새로운 CEO인 David Park와 이사회 멤버인 Karen G. Narwold 및 Paul Collins을 포함하여 리더십 팀에 전략적으로 인력을 추가했습니다.
Standard Lithium (SLI) a annoncé ses résultats financiers pour la période fiscale de six mois se terminant le 31 décembre 2024. L'entreprise a obtenu une subvention significative de 225 millions de dollars du Département de l'Énergie des États-Unis pour son projet dans le sud-ouest de l'Arkansas (SWA), qui devrait devenir l'une des premières installations commerciales à grande échelle pour l'extraction directe de lithium au monde.
Les principaux points opérationnels incluent : l'achèvement réussi de tests de terrain approfondis avec un taux de récupération de lithium dépassant 99 %, la mise en œuvre de la technologie Li-Pro LSS de Koch Technology Solutions avec une efficacité de récupération de 95,4 % sur plus de 10 000 cycles opérationnels, et des progrès continus sur les études FEED et DFS qui devraient être achevées cet été. L'entreprise maintient une solide position financière avec 31,2 millions de dollars en espèces et 27,5 millions de dollars en fonds de roulement, sans obligations de dette à long terme ou de crédit renouvelable.
L'entreprise a également annoncé la formation de Smackover Lithium, une coentreprise avec Equinor, et a apporté des ajouts stratégiques à son équipe de direction, y compris le nouveau PDG David Park et les membres du conseil d'administration Karen G. Narwold et Paul Collins.
Standard Lithium (SLI) hat seine finanziellen Ergebnisse für den sechsmonatigen Haushaltszeitraum, der am 31. Dezember 2024 endete, bekannt gegeben. Das Unternehmen sicherte sich eine bedeutende Förderung in Höhe von 225 Millionen US-Dollar vom US-Energieministerium für sein Projekt im Südwesten von Arkansas (SWA), das voraussichtlich eine der ersten kommerziellen Anlagen zur direkten Lithium-Extraktion weltweit werden wird.
Wichtige betriebliche Höhepunkte sind: der erfolgreiche Abschluss umfangreicher Feldtests mit einer Lithium-Rückgewinnung von über 99%, die Implementierung der Li-Pro LSS-Technologie von Koch Technology Solutions mit einer Rückgewinnungseffizienz von 95,4% über 10.000 Betriebszyklen und kontinuierliche Fortschritte bei den FEED- und DFS-Studien, die im Sommer abgeschlossen werden sollen. Das Unternehmen verfügt über eine starke finanzielle Position mit 31,2 Millionen US-Dollar in bar und 27,5 Millionen US-Dollar im Umlaufvermögen, ohne Verpflichtungen aus langfristigen oder revolvierenden Schulden.
Das Unternehmen gab auch die Gründung von Smackover Lithium, einem Joint Venture mit Equinor, bekannt und nahm strategische Ergänzungen in sein Führungsteam auf, darunter den neuen CEO David Park und die Vorstandsmitglieder Karen G. Narwold und Paul Collins.
- Secured $225 million DOE grant for SWA project construction
- Achieved exceptional 99% lithium recovery in field-pilot testing
- Strong financial position with $31.2M cash and no debt
- Successful implementation of Li-Pro LSS technology with 95.4% recovery efficiency
- Strategic partnership with Koch Technology Solutions including performance guarantees
- None.
Insights
Standard Lithium's latest financial report demonstrates meaningful progress toward commercializing its South West Arkansas (SWA) project, anchored by the finalization of a
The technical derisking achievements are particularly noteworthy. Reservoir testing revealed better-than-assumed properties compared to preliminary feasibility study estimates, and the pilot-scale demonstration achieved an exceptional
With FEED and DFS studies expected to conclude by summer 2025, the company appears positioned for a potential final investment decision on the SWA project in the second half of 2025. However, the
The leadership transition from founder Robert Mintak to David Park as CEO signals the company's pivot from technology development toward commercial execution, supported by strategic board additions bringing relevant industry expertise.
VANCOUVER, British Columbia, March 24, 2025 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, today announced its financial and operating results for the six month fiscal period ended December 31, 2024.
“The last year has been crucial for the Company as we move ever closer to a final investment decision, construction, and subsequent production at the South West Arkansas project, and continue to expand our leasehold footprint in East Texas. Our goal as we exited 2024 was to prioritize, focus, and execute, and we continue to do just that,” said David Park, Chief Executive Officer and Director of Standard Lithium. “We closed on our
Highlights Subsequent to the Six Month Fiscal Period Ended December 31, 2024
All amounts are in US dollars unless otherwise indicated.
- Finalized
$225 million grant from the U.S. Department of Energy (“DOE”) for the South West Arkansas Project. The grant will support construction of Phase 1 of the South West Arkansas (“SWA”) project. The SWA project is expected to be one of the world’s first commercial-scale Direct Lithium Extraction (“DLE”) facilities. - Undertook extensive field and reservoir testing program at SWA project. Completed drilling of new well and multiple well re-entries into the Smackover Formation to conduct detailed reservoir testing and brine sampling work.
- Completed final test of field-pilot plant at SWA project. In partnership with Koch Technology Solutions, successfully operated a field-pilot plant at SWA project as final DLE derisking step prior to commercialization. Lithium recovery far exceeded design criteria, with over
99% recovery from brine sourced from the project’s International Paper Company well. - Launch of Smackover Lithium. On January 29, 2025, at a community townhall in Stamps, AR, the Company and Equinor announced Smackover Lithium as the new name for their joint venture developing DLE projects in Southwest Arkansas and East Texas.
- Continued Strategic additions to board of directors. The Company announced on March 19, 2025 the appointment of Karen G. Narwold, as an independent member of its board of directors.
Highlights From Six Month Fiscal Period Ended December 31, 2024
- Entered into a license agreement (“Agreement”) with Koch Technology Solutions (“KTS”) to deploy and use KTS’ Li-ProTM Lithium Selective Sorption (“Li-pro LSS”) technology. Under the license agreement, SWA Lithium, the jointly-owned U.S. subsidiary of Standard Lithium and Equinor, will utilize Li-pro LSS at the commercial processing facility for Phase 1 of the SWA project. The Agreement includes a first-of-its-kind performance guarantee from KTS for lithium recovery, contaminant rejection and water use. In addition, it allows for continued, exclusive joint development of the technology in the Smackover Formation.
- Commercial-scale DLE at the Demonstration Plant continues to exceed expectations. The Company installed a commercial-scale DLE column in late March 2024 and has been operating the column continuously. The column is a Li-pro LSS unit, supplied by KTS and identical to those currently being integrated into the front-end engineering and design (FEED) study for the SWA project. Key technical highlights of the commercial-scale DLE column include: lithium recovery efficiency of
95.4% and excellent contaminant rejection rates. Nearly 10,000 operational cycles have been completed by the Li-pro LSS technology to date. - Strategic additions to board of directors and executive team strengthen leadership. David Park assumed the position of Chief Executive Officer (“CEO”) and Director of the Company on September 1, 2024, following the retirement of CEO, Director and founder Robert Mintak. Further, the Company announced on December 10, 2024 the appointment of Paul Collins as an independent member of its board of directors.
- Cash and working capital of
$31.2 million and$27.5 million , respectively, as of December 31, 2024. - The Company has no term or revolving debt obligations as of December 31, 2024.
Consolidated Financial Statements
This news release should be read in conjunction with the Company’s Consolidated Financial Statements and MD&A for the six month fiscal period ended December 31, 2024, which are available on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
Six-Month Fiscal Period Ended December 31, 2024 Call and Webcast
The Company will hold a conference call and webcast to discuss its six-month fiscal period ended December 31, 2024 on Friday, March 28th at 3:30 p.m. ET. Access to the call is available via webcast or direct dial.
Conference Call and Webcast Details
Standard Lithium Six Month Fiscal Period Ended December 31, 2024 Results Call and Webcast March 28, 2025 3:30 p.m. Eastern Time (US and Canada)
Participant Information:
Conference ID: 6644028
USA / International Toll +1 (646) 307-1963
USA - Toll-Free (800) 715-9871
Canada - Toronto (647) 932-3411
Canada - Toll-Free (800) 715-9871
Attendee Webcast Link:
https://events.q4inc.com/attendee/457319305
Incentive Grant
The Company also announces that it will grant stock options (“Options”), restricted share units (“RSUs”), and deferred share units (“DSUs”) valued at
The grant of the incentive securities is intended to align compensation of directors and management with the interests of shareholders. For further information regarding the shareholder-approved incentive plans, readers are encouraged to review the management information circular prepared for the Company’s annual general meeting which includes summaries of the incentive plans and which is available under the Company’s profile on SEDAR+ (www.sedarplus.com) and by visiting the Company’s website (www.standardlithium.com).
About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by the highest quality resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated DLE and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas. Additionally, the Company is advancing the Phase 1A project in partnership with LANXESS Corporation, a brownfield development project located in southern Arkansas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California.
Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.
Qualified Person
Steve Ross, P.Geo., a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and Vice President Resource Development for the Company, has reviewed and approved the relevant scientific and technical information in this news release.
Investor and Media Inquiries
Chris Lang
Standard Lithium Ltd.
+1 604 409 8154
investors@standardlithium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target,” “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
FAQ
What is the significance of Standard Lithium's $225 million DOE grant for the SWA project?
How effective is SLI's Direct Lithium Extraction technology based on recent testing?
What is Standard Lithium's (SLI) current financial position as of December 31, 2024?
What major developments occurred in Standard Lithium's leadership during 2024?
What is the new joint venture announced by Standard Lithium (SLI) in January 2025?
