Standard Lithium (NYSE American: SLI), a near-commercial lithium company, reported financial and operational results for the six-month period ended Dec. 31, 2024, highlighting key milestones toward its South West Arkansas project. The company finalized a $225 million grant from the U.S. Department of Energy to support Phase 1 construction and completed successful pilot testing with over 99% lithium recovery. With FEED and DFS nearing completion and offtake discussions underway, Standard Lithium is progressing toward a final investment decision. The company also launched the Smackover Lithium joint venture with Equinor and ended the period with $31.2 million in cash and no debt.
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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 large, high-grade lithium-brine properties in the United States. The company prioritizes projects characterized by the highest-quality 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 flagship projects are located in the Smackover Formation, a world-class lithium-brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas Project, a greenfield project located in southern Arkansas, and is actively exploring promising lithium-brine prospects in east Texas. Additionally, the company is advancing the phase 1A project in partnership with LANXESS Corp., a brownfield development project located in southern Arkansas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California. For more information about the company, please visit www.StandardLithium.com.
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