Standard Lithium Signs LOI for Development of Continuously-Operating Demonstration Pilot Plant

Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLL) (OTCQX:STLHF) (FRA:S5L) is pleased to announce that the Company has signed a non-binding Letter of Intent with a non-affiliated NYSE-listed company whereby, subject to the execution of a definitive agreement on terms acceptable to both parties (the “Definitive Agreement”) and obtaining necessary consents and permits, the Company will design, build and operate a continuous demonstration scale pilot plant (the “Pilot Plant”), adjacent to certain existing chemical production facilities located in southern Arkansas.
As quoted in the press release:

Standard Lithium’s Chief Executive Officer, Mr. Robert Mintak commented, “The  facilities in southern Arkansas where we may build the Pilot Plant are fed by a network of brine production wells in southern Arkansas that access underground brine from the Smackover Formation and transport it via an extensive system of pipelines and related infrastructure.  Our relationship with this other party is expected to provide Standard Lithium with access to ‘tail’ brines to test for the viability of lithium extraction.  In signing this letter of intent and negotiating quickly an agreement for pilot scale testing, Standard Lithium expects to de-risk and expedite the initial phases of resource assessment and project development while realizing significant reductions in both the capital and time associated with permitting and drilling test wells.”

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