Standard Lithium Ltd. Reports Record Lithium Grades at Smackover Project

Standard Lithium Ltd. (NYSE American: SLI), in collaboration with Equinor through their joint venture Smackover Lithium, has reported the highest lithium concentrations to date at the Lester well within the South West Arkansas (SWA) Project. The sampling revealed a peak lithium concentration of 616 mg/L, with an average of 582 mg/L across three samples, concluding the sub-surface exploration activities for Phase 1. This achievement underscores the project's potential to contribute significantly to the sustainable production of lithium, a critical component in the global transition to renewable energy and electric vehicles.

The joint venture team is now focusing on advancing the Front-End Engineering Design (FEED) study, with expectations to complete a Definitive Feasibility Study by the third quarter of 2025. This progress is aimed at facilitating a Final Investment Decision by the end of the same year, paving the way for commercial-scale lithium production. The Smackover Project, located in the Smackover Formation, is recognized for its high-grade lithium-brine resources, robust infrastructure, and favorable permitting environment, making it a key asset in Standard Lithium's portfolio.

For further details on the announcement, visit https://ibn.fm/CcQfG.