Media Advisory: Standard Lithium Commences Operations at First-of-Its-Kind Direct Lithium Extraction Plant in Arkansas
19 9월 2020 - 4:19AM
Standard Lithium Ltd., an innovative technology and lithium project
development company, marks the commencement of operations at the
company’s LiSTR Direct Lithium Extraction facility, with a virtual
ribbon cutting event and video tour that includes a walk-through of
the plant and extraction technology.
Who: Co-hosted by Robert Mintak, CEO and Dr. Andy
Robinson COO of Standard Lithium, and project partner LANXESS USA
CEO Antonis Papadourakis. Remarks by Arkansas Governor, Asa
Hutchinson, Senators John Boozman and Tom Cotton, member of
Congress Bruce Westerman, local officials and other
stakeholders. |
|
What: The successful commissioning and
commencement of operations of this global “first-of-its-kind”
industrial-scale Direct Lithium Extraction demonstration plant is
the culmination of three years of dedicated work. Lithium is an
integral component of batteries for electric vehicles (EV). As EV
purchases have rocketed so has the need for batteries, which in
turn is fueling lithium demand. |
|
When: Monday, September 21 at 2 pm ET – Ribbon
Cutting event |
|
|
Pre-briefings under NDA and day-of briefings are available, To
schedule, please contact slpr@watersagency.com. |
|
Where: Ribbon Cutting event and tour of the LiSTR
plant located at the LANXESS South Plant facility approximately 10
minutes from El Dorado, Arkansas will be hosted on the company’s
website and YouTube channel. |
Additional Background
LiSTR Direct Lithium Extraction
Technology: LiSTR (an acronym for Lithium
Stirred Tank Reactor) is an environmentally-friendly technology
that selectively extracts lithium ions from tail brine that is a
by-product of existing bromine production facilities run by LANXESS
in south Arkansas. When compared to the conventional methods for
recovering lithium from brine, the LiSTR process provides many
benefits:
- Vastly increased recovery time - from as long as a year to
several hours
- Significant efficiency gains - as 90% recovery versus
40-60%
- Improved final product purity
- Unlocking of unconventional resources like Arkansas Smackover
Brines
Critical Mineral: Lithium’s
growing importance was reflected in a Trump administration
executive order. The soft metal was among 35 “critical minerals”
for which the government wants to boost domestic production and
reduce its heavy reliance on imports.
"It shall be the policy of the federal government to reduce the
nation's vulnerability to disruptions in the supply of
critical minerals, which constitutes a strategic vulnerability for
the security and prosperity of the United States," reads
Executive Order 13817, signed by President Trump at the end of
2017.
- U.S. imports of lithium have nearly doubled since 2014 due in
part to rising demand from Tesla, SK Innovation Co and others
building battery plants in the country, according to the U.S.
Geological Survey.
- No new lithium mine has been built in the United States in
almost 60 years and the country currently produces less than 2% of
global lithium production.
- Standard Lithium’s south Arkansas lithium project represents
the most immediate opportunity to change that.
- Planning for the projects phased commercial development – with
a target initial annual production of 20,900 tonnes of battery
quality lithium chemicals, roughly five times the current domestic
production – is currently underway.
About Standard Lithium Ltd.Standard Lithium
(TSXV: SLL) is an innovative technology and lithium development
company. The company’s flagship project is located in southern
Arkansas, where it is engaged in the testing and proving of the
commercial viability of lithium extraction from over 150,000 acres
of permitted brine operations. The company has commissioned its
first-of-a-kind industrial scale Direct Lithium Extraction
Demonstration Plant at LANXESS’ South Plant facility in southern
Arkansas. The Demonstration Plant utilizes the Company’s
proprietary LiSTR technology to selectively extract lithium from
LANXESS’ tailbrine. The Demonstration Plant is being used for
proof-of-concept and commercial feasibility studies. The scalable,
environmentally-friendly process eliminates the use of evaporation
ponds, reduces processing time from months to hours and greatly
increases the effective recovery of lithium. The company is also
pursuing the resource development of over 30,000 acres of separate
brine leases located in southwestern Arkansas and approximately
45,000 acres of mineral leases located in the Mojave Desert in San
Bernardino County, California.
Standard Lithium is listed on the TSX Venture Exchange under the
trading symbol “SLL”; quoted on the OTC - Nasdaq Intl Designation
under the symbol “STLHF”; and on the Frankfurt Stock Exchange under
the symbol “S5L”. Please visit the Company’s website
at www.standardlithium.com
Contact:
Glenn Rossman
Waters Agency (for Standard Lithium)
glenn@watersagency.com
Standard Lithium (TSXV:SLL)
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Standard Lithium (TSXV:SLL)
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