GlobeNewswire

Standard Lithium Provides Progress Update on its Industrial-Scale Lithium Extraction Demonstration Plant

Share

VANCOUVER, British Columbia, June 03, 2019 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), is pleased to provide an update regarding the ongoing fabrication of the Company’s lithium extraction Demonstration Plant.  The plant, being constructed by Zeton Inc. (see press release dated March 26th 2018) is nearing completion, and Phases 1 and 2 are 92% complete.  The current schedule shows that fabrication and all associated piping, electrical and control systems of Phases 1 and 2 will be completed by early Q3/19.  Upon completion, the Phase 1 and 2 modules will be disassembled and trucked to the in-field location at Lanxess’ South Plant facility in southern Arkansas.

The Demonstration Plant is a large (20 m x 20 m x 11 m tall) industrial scale modular facility (see photograph below taken on May 29th 2019) that is designed to process tailbrine from the Lanxess South Plant post bromine extraction.  The Demonstration Plant is based on Standard Lithium’s proprietary technology, that uses a solid sorbent material to selectively extract lithium from Lanxess’ tailbrine.  The design of the Demonstration Plant has been refined based on Standard’s two years of successful bench and mini-pilot-scale work completed at several facilities across North America; this work has been completed on both a batch and continuous flow basis.  The Demonstration Plant will consist of 18 separate modules, split into three phases, and the final modules will be transported to the Lanxess South Plant in late Q3/19.

A photo accompanying this announcement is available at: 
https://www.globenewswire.com/NewsRoom/AttachmentNg/864db8db-8a9a-4417-a533-fdddbe22bb43

The Demonstration Plant is designed to continuously process an input tailbrine flow of 50 gallons per minute (gpm; or 11.4 m3/hr) from the Lanxess South Plant, which is equivalent to an annual production of between 100-150 tonnes per annum Lithium Carbonate Equivalent (LCE).

Dr. Andy Robinson, Standard Lithium President and COO, commented, “The Standard Lithium team is very pleased with both the speed of execution and the exceptional quality and attention to detail that Zeton are bringing to our Demonstration Plant.  We are very confident that we will be delivering a high-quality plant to the project site in southern Arkansas, and we look forward to integrating it into Lanxess’ brine operations.  We are progressing works very quickly on the ground, and we hope to announce real progress in project implementation in southern Arkansas in the near-future.

About Standard Lithium Ltd.
Standard Lithium (TSXV: 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 and 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.

Contact Information:
LHA Investor Relations, Mary Magnani, (415) 433-3777

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.

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

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

Changes within the Investor Relations team of Arion Bank19.9.2019 19:50:00 CESTPress release

Theodor Fridbertsson will assume the position as Head of Investor Relations as from September 23. This is part of a planned transition after the Bank’s IPO process and listing in Iceland and Stockholm in June 2018. Sture Stölen, current Head of IR and based in Stockholm will continue to be a resource and provide support to the Investor Relations team going forward. For further information please contact Haraldur Gudni Eidsson, Head of Arion Bank 's Corporate Communications at haraldur.eidsson@arionbanki.is , tel. +354 856 7108 or Theodor Fridbertsson, Investor Relations at IR@arionbanki.is , tel . +354 444 6760.

DNO ASA: Mandatory Notification of Trade19.9.2019 18:08:00 CESTPress release

Oslo, 19 September 2019 - DNO ASA, the Norwegian oil and gas operator, has today purchased 1,900,000 own shares at an average price of NOK 13.9702 per share. Following this transaction, DNO holds 48,800,000 own shares. -- For further information, please contact: Media: media@dno.no Investors: investor.relations@dno.no -- DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Netherlands, Ireland and Yemen. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

CORRECTION: Sampo plc: Managers’ Transactions (Thorsrud)19.9.2019 14:45:00 CESTPress release

SAMPO PLC MANAGERS’ TRANSACTIONS 19 September 2019 at 3:45 pm CORRECTION: Sampo plc: Managers’ Transactions (Thorsrud) Correction to Sampo plc’s (business code 0142213-3) stock exchange release regarding Managers’ Transactions on 17 September 2019 at 3:30 pm. Due to a technical error, the number of shares was misreported. Below is the corrected notification. ____________________________________________ Person subject to the notification requirement Name: Thorsrud, Morten Position: Other senior manager Issuer: Sampo plc LEI: 743700UF3RL386WIDA22 Notification type: AMENDMENT Reference number: 743700UF3RL386WIDA22_20190917122413_6 Amendment comment: Due to a technical error, the number of shares was misreported on 17 September 2019. ____________________________________________ Transaction date: 2019-09-13 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009003305 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume:

CORRECTION: Sampo plc: Managers’ Transactions (Martinsen)19.9.2019 14:45:00 CESTPress release

SAMPO PLC MANAGERS’ TRANSACTIONS 19 September 2019 at 3:45 pm CORRECTION: Sampo plc: Managers’ Transactions (Martinsen) Correction to Sampo plc’s (business code 0142213-3) stock exchange release regarding Managers’ Transactions on 17 September 2019 at 3:35 pm. Due to a technical error, the number of shares was misreported. Below is the corrected notification. ____________________________________________ Person subject to the notification requirement Name: Martinsen, Ivar Position: Other senior manager Issuer: Sampo plc LEI: 743700UF3RL386WIDA22 Notification type: AMENDMENT Reference number: 743700UF3RL386WIDA22_20190917122147_10 Amendment comment: Due to a technical error, the number of shares was misreported on 17 September 2019. ____________________________________________ Transaction date: 2019-09-13 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009003305 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Volume

CORRECTION: Sampo plc: Managers’ Transactions (Magnusson)19.9.2019 14:45:00 CESTPress release

SAMPO PLC MANAGERS’ TRANSACTIONS 19 September 2019 at 3:45 pm CORRECTION: Sampo plc: Managers’ Transactions (Magnusson) Correction to Sampo plc’s (business code 0142213-3) stock exchange release regarding Managers’ Transactions on 17 September 2019 at 3:35 pm. Due to a technical error, the number of shares was misreported. Below is the corrected notification. ____________________________________________ Person subject to the notification requirement Name: Magnusson, Torbjörn Position: Other senior manager Issuer: Sampo plc LEI: 743700UF3RL386WIDA22 Notification type: AMENDMENT Reference number: 743700UF3RL386WIDA22_20190917121931_9 Amendment comment: Due to a technical error, the number of shares was misreported on 17 September 2019. ____________________________________________ Transaction date: 2019-09-13 Venue: NASDAQ HELSINKI LTD (XHEL) Instrument type: SHARE ISIN: FI0009003305 Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION Transaction details (1): Vol