Standard Lithium Breaks Ground for Its Direct Lithium Extraction Demonstration Plant
- Expected to Produce 100-150 Tonnes per Annum of Lithium Carbonate
- Lithium Included on List of Minerals Critical to U.S. National Security and the Economy
- Environmentally Friendly Faster Processing Time Higher Recovery than Traditional Extraction
EL DORADO, Ark., June 26, 2019 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), today announced that it has broken ground in El Dorado Arkansas for its first-of-a-kind direct lithium extraction demonstration plant that selectively extracts lithium from the tail brine that is a by-product of the existing bromine production operations run by LANXESS.
The Demonstration Plant will employ the Company’s proprietary technology that uses a solid sorbent material to selectively extract lithium from LANXESS South Plant’s tailbrine. Designed to continuously process an input tailbrine flow of 50 gallons per minute (11.4 m3/hr), the plant is expected to achieve equivalent to an annual production of between 100 and 150 tonnes per annum Lithium Carbonate. The environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium.
Dr Andy Robinson, Standard Lithium President and COO, commented “Standard Lithium is continuing to execute its disciplined development strategy. We are separating ourselves from our peers by partnering with a global chemical company with real operational experience, deploying demonstration-scale proof-of-concept technology at an operating brine-processing plant, and removing financing and off-take risks through our joint venture strategy. Ground-breaking at the site is a key step in realising our rapid development timelines, and we look forward to providing more updates as this phase of the project moves towards commissioning.”
The site, located at one of the operational brine processing plants (picture below), is currently being levelled and graded in preparation for construction of the foundations and concrete slabs needed to house the industrial-scale demonstration plant (see press release dated 2nd June 2019).
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a1260c0-be39-4e3d-9820-88b78568b702
The work is being managed on-site by Hunt Guillot & Associates LLC (HGA) of Ruston, Louisiana, which has completed all the civil engineering and site utility connection works to date. HGA has been contracted to supervise and control all work related to the installation and connection of the modular Demonstration Plant at the operational brine facility, and El Dorado-based contractor Milam Construction will complete the majority of the work. Standard Lithium’s recently hired Plant Manager, Mr. Bruce Seitz, will also be present on-site during all enabling and installation works. The current schedule allows for pre-installation works to be completed prior to all the modules being mobilised to the site by the end of Q3, 2019.
Standard Lithium CEO Robert Mintak stated, “No new lithium mine has been built in the United States in over five decades; breaking ground at our El Dorado site represents a major achievement towards changing that. We anticipate our project and progress will be keenly watched as lithium has taken on significant political interest with the White House 2017 executive order and subsequent pending legislation aimed to boost domestic supplies of critical minerals.”
The Company recently announced the results of a Preliminary Economic Assessment (PEA) (see press release dated June 19th,2019). The PEA considers the production of battery-quality lithium carbonate through a phased build-out with production ramped up over 5 years to a total 20,900 tonnes per annum (tpa) with a total CAPEX estimate including 25% contingency on both direct and indirect capital costs of US $437 Million.
About Standard Lithium Ltd.
Standard Lithium (TSX: SLL) is a specialty chemical company focused on unlocking the value of existing large-scale US based lithium-brine resources. The company believes new lithium production can be brought on stream rapidly by minimizing project risks at selection stage (resource, political, geographic, regulatory & permitting), and by leveraging advances in lithium extraction technologies and processes. 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 utilizing the Company’s proprietary selective extraction technology. 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.
LHA Investor Relations, Mary Magnani, (415) 433-3777, firstname.lastname@example.org
On behalf of the Board,
Standard Lithium Ltd.
Robert Mintak, CEO & Director
Neither 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 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 affections such statements and information other than as required by applicable laws, rules and regulations.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
XBT Provider AB (Publ) Publishes Half Year Interim Report22.7.2019 23:44:00 CEST | Press release
Stockholm, July 22, 2019 -- XBT Provider AB (Publ) ("XBT" or the "Company") is pleased to announce that the Interim Report for the period ended 30 June 2019 has been posted on the Company's website. The Guarantor, CoinShares (Jersey) Limited, has also provided an unaudited set, of their financial statements for the period ending on 30 June 2019, which are also posted on the Company's website. Interested persons may access an electronic copy of these documents at www.xbtprovider.com ### About XBT Provider XBT Provider AB (Publ) (XBT Provider), a CoinShares company, is the Swedish-domiciled issuer of the Bitcoin Tracker One (SE0007126024), Bitcoin Tracker Euro (SE0007525332), Ether Tracker One (SE0010296574) and Ether Tracker Euro (SE0010296582), Litecoin Tracker One (SE0011414465), Litecoin Tracker Euro (SE0011414457), XRP Tracker One (SE0011414481), XRP Tracker Euro (SE0011414473), series of certificates (collectively, the “Certificates”) which are designed to synthetically track the p
PRESS RELEASE: BIGBEN INTERACTIVE: 1ST QUARTER SALES OF 58.6 M€ UP 20.3 %22.7.2019 18:00:00 CEST | Press release
Press Release Lesquin, 22 July 2019 18:00 1st quarter sales of 58.6 M€ up 20.3 % Strong rise of Gaming (+27.3%) Increase of Current Operating Profit rate for FY 2019/20 now set in excess of 10% IFRS – M€ Sales Non audited data 2019/2020 2018/2019 Change 1st Quarter Of which Gaming Of which Mobile Of which Audio 58.6 29.9 23.1 5.5 48.7 23.5 21.1 4.1 + 20.3% + 27.3% + 9.7% + 34.5% Strong growth in Gaming in Q1 2019/20 In the first quarter of FY 2019/20 (April to June 2019), Bigben achieved sales of 58.6 M€, a 20.3% increase. GAMING The Gaming business recorded a 27.3% growth in Q1 2019/20 with 29.9 M€ sales. Publishing: The shift from the business model towards more digital sales accelerated in Q1 2019/20 with an increase exceeding 250% in this distribution channel. This channel now accounts for more than two-thirds of revenues. The releases of Warhammer®: Chaosbane, The Sinking City, Tennis World Tour® Roland Garros Edition, Pro Cycling Manager 2019 and Tour de France® 2019 also contrib
EVS Broadcast Equipment reports update of share buyback program22.7.2019 17:45:00 CEST | Press release
Publication on July 22, 2019, 5.45pm CET Regulated information – reporting share buyback EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR) EVS reports update of share buyback program EVS Broadcast Equipment reports that the following transactions, conducted within the framework of the share buyback program announced on October 24, 2018, took place between July 15, 2019 and July 17, 2019. Date Number of shares acquired Average price (EUR) Total (EUR) 15/07/2019 1,856 20.3713 37,809 16/07/2019 1,760 20.0932 35,364 17/07/2019 378 20.9000 7,900 As of July 22, 2019, and since the start of the buyback program, EVS has bought 255,028 shares at an average price of EUR 20.8174, representing in total EUR 5,309,024. After aforementioned transactions the total number of own shares amounts now to 333,676 shares as of July 22, 2019 (including 93,144 shares already held by the company before the start of the share buyback program and taking into account t
Change in Amer Sports Corporation’s financial reporting schedule22.7.2019 17:15:00 CEST | Press release
Amer Sports Corporation STOCK EXCHANGE RELEASE July 22, 2019 at 6:15 p.m. Change in Amer Sports Corporation’s financial reporting schedule Amer Sports changes the publication date of its half-year financial report 2019. The updated schedule for the half-year report is 30 September, 2019 at approximately 1:00 p.m. Finnish time. The previously announced publication date was July 25, 2019. The change is related to the recent ownership change in the company. ANTA Sports Products Limited consolidates Amer Sports as an associated company in its half-year financial report which will be published on 26 August, 2019. On the same day, Amer Sports will publish a stock exchange release disclosing its financial information included in ANTA Sports’ half-year financial report. On March 28, 2019, Mascot Bidco Oy completed a voluntary recommended public cash tender offer for all the issued and outstanding shares in Amer Sports Corporation and on April 1, 2019 announced that it will exercise its redempt
Changes in Huhtamaki’s Global Executive team22.7.2019 17:00:00 CEST | Press release
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 22.7.2019 AT 18:00 Changes in Huhtamaki’s Global Executive team Michael Orye, Executive Vice President, Fiber Packaging and a member of Huhtamaki Global Executive Team has decided to leave Huhtamaki to pursue other career opportunities. Eric Le Lay, Executive Vice President Foodservice EAO will assume the leadership and take full responsibility of Fiber Packaging in addition to his current role. This change is effective as of 22.7.2019. “I want to thank Michael for his contribution to Huhtamaki and wish him all success in his future endeavors” says Charles Héaulmé, President and CEO of Huhtamaki. Following the aforementioned change, the members of the Global Executive Team are: Charles Héaulmé (chairman), President and CEO Thomas Geust, Chief Financial Officer; Leena Lie, Senior Vice President, Marketing and Communications; Sami Pauni, Senior Vice President, Corporate Affairs and Legal, Group General Counsel; Teija Sarajärvi, Senior Vice President,
Banks net position in the Riksbank22.7.2019 16:42:00 CEST | Press release
JUL 22, 2019 SEK MILLION LENDING BORROWING 281