Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium development company, today announced its selection of Ausenco Engineering Canada ULC to complete the Definitive Feasibility Study (“DFS”) and Front-End Engineering and Design (“FEED”) services for the South West Arkansas (“SWA”) Project. “We are focused on progressing our project portfolio,” said Andy Robinson, president and chief operating officer of Standard Lithium. “Despite recent headwinds in the global lithium macroeconomic environment, our projects remain very attractive. Based on our Preliminary Feasibility Study (‘PFS’) results, the SWA Project is expected to sit at the lower end of the cost curve in comparison to other lithium projects. The selection of Ausenco for the SWA Project’s DFS and FEED was a critical next step for us to advance the Project and maintain development and construction timelines. Their practical experience in lithium brine projects, combined with our proven expertise of DLE in the Smackover, is expected to drive a successful Feasibility and FEED process, and we are pleased to work with a world-class engineering firm to guide the design of the SWA Project to deliver the next generation of lithium production in America.”
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About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of lithium-brine bearing properties in the United States. The company prioritizes brine projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. The company aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated direct lithium extraction (“DLE”) and purification process. The company’s signature projects, the Phase 1A and the South West Arkansas projects, are located on the Smackover Formation in southern Arkansas, a region with a long-standing and established brine processing industry. The company has also identified a number of highly prospective lithium brine project areas in the Smackover Formation in East Texas and began an extensive brine leasing program in the key project areas. In addition, the company has an interest in certain mineral leases located 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 and on the Frankfurt Stock Exchange under the symbol S5L. For more information, please visit the company’s website at www.StandardLithium.com.
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