Standard Lithium signs letter of intent with Koch
VANCOUVER, British Columbia, December 15, 2021 (GLOBE NEWSWIRE) – Standard Lithium LtÃ©e (“Standard lithium“or the”Society“) (TSXV: SLI) (NYSE: SLI) (FRA: S5L), a lithium project and innovative technology development company today announced that it has signed a letter of intent (“Letter of Intentâ) With Koch Engineered Solutions (“KES”) for the support of the pre-frontal engineering design (“Pre-FEED”) at the Company’s first proposed commercial plant, located at the Lanxess facility in southern Arkansas.
The intention of the LOI is to organize and use multiple business units under the umbrella of KES to form an integrated project management team (“IPMT”) which will help Standard Lithium perform key pre-FEED work. The IPMT will draw heavily on the strategically aligned resources of Koch Project Solutions (“KPS”), Koch separation solutions (“KSS”) and optimized process designs (“OPD”). The IPMT will be structured to help the company evaluate process extension solutions, equipment options, preliminary engineering design, planning, budgeting and other project management activities relating to the first commercial plant. of lithium proposed at the Lanxess facility in southern Arkansas. The proposed site for the first commercial facility is currently home to the Company’s pre-commercial direct lithium mining (“DLE”) Demonstration plant.
Standard Lithium President and COO Dr. Andy Robinson commented, âThe company is going through a period of transformational growth and we need to strengthen our team in order to move quickly and efficiently to the first commercial plant. The cutting-edge, world-class resources that KES companies bring are vital for us to build the strongest possible project execution team..“
âKES is focused on accelerating the growth of energy transformation by keeping an eye on the rapidly growing renewable energy market. Our collaboration with Standard Lithium illustrates KES’s commitment to working with our partners to provide the best processing equipment, engineering, procurement and construction services. We are excited to help grow the battery value chain and look forward to working with Standard Lithium on this historic project, âsaid Dan Haycook, Commercial Director of Koch Engineered Solutions.
About Standard Lithium Ltd.
Standard Lithium is an innovative lithium and technology development company. The Company’s flagship project is located in southern Arkansas, where it is engaged in testing and demonstrating the commercial viability of mining lithium from more than 150,000 acres of licensed brine operations. . The Company has commissioned its first industrial-scale direct lithium mining demonstration plant at the South Lanxess plant in southern Arkansas. The demonstration plant uses the company’s proprietary LiSTR technology to selectively extract lithium from Lanxess residual brine. The demonstration plant is used for proof of concept and commercial feasibility studies. The scalable and environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours, and dramatically increases efficient lithium recovery. The Company also continues to develop the resources of more than 30,000 acres of separate brine leases located in Southwest Arkansas, referred to as the South West Arkansas Lithium Project, and approximately 45,000 acres of mining leases located in the Mojave Desert, San Bernardino County, California.
Standard Lithium is jointly listed on the TSX Venture Exchange and the US Stock Exchange NYSE under the symbol âSLIâ; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the company’s website at https: //www.standardlithium.com.
On behalf of the Board of Directors of Standard Lithium Ltd.
Robert Mintak, CEO and Director
About Koch Engineering Solutions
Koch Engineered Solutions (KES) provides superior value in the development, integration and application of innovative technical and service solutions for industrial value chains. KES offers unique engineering solutions in the construction industry; mass and heat transfer; combustion and emission control; filtration; separation; material applications; automation and actuation. Based in Wichita, Kansas, KES is a subsidiary of Koch Industries, one of the largest privately held companies in the world. More information is available at KochEngineeredSolutions.com.
For more information contact
Christin Fernandez, Director of Communications
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press 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 press release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “foresee”, “plan plan,, identify forward-looking statements or information. Such forward-looking statements or information may relate to the future plans and objectives of the Company, including, without limitation, the pursuit and / or realization of any strategic opportunity, the formation and development of the IPMT, future awards raw materials, the accuracy of or exploration activity for resources, reserves or resources, the accuracy of preliminary economic assessments, including net present value, internal rate of return, investment costs and operation, life of mine production, progress of the project including a pre-feasibility study, government requirements or approvals, reliability of third party information, continued access to mining properties or infrastructure , fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulations in Canada and the United States, and other factors. rs or information. Such statements represent the Company’s current views with respect to future events and are necessarily based on a number of assumptions and estimates which, although considered reasonable by the Company, are inherently subject to risk. business, economic, competitive, political and social, contingencies and uncertainties. Many factors, known and unknown, could cause any results, performance or achievement to differ materially from the results, performance or achievements which are or may be expressed or implied by these forward-looking statements. The Company does not intend, and assumes no obligation, to update such forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other event affecting such statements and information other than those required by laws, rules and regulations.