Opportunity From Increased Lithium Demands
The increased demand for lithium spells opportunity to this company’s novel lithium extraction methods.
Standard Lithium is focused on unlocking the value of existing large-scale US based lithium brine resources that can be brought into production quickly. 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 is currently focused on the immediate exploration and development of the Bristol Dry Lake Lithium Project located in the Mojave region of San Bernardino County, California; the location has significant infrastructure in-place, with easy road and rail access, abundant electricity and water sources, and is already permitted for extensive brine extraction and processing activities.
The Company is also commencing due diligence and resource evaluation on 30,000+ acres of brine leases located in the Smackover Formation in southern Arkansas. In January 2018, Standard Lithium entered an Option Agreement with NYSE-listed TETRA Technologies, to acquire the rights to conduct exploration, production and lithium extraction on 33,000 acres of brine leases located in an area of the Smackover Formation in southern Arkansas, known to be highly productive. transparent-spacer The Smackover deposit may be one of the lithium industry’s most promising regions to develop, given the potential resource size and existing large-scale production infrastructure including active large-scale brine extraction, processing and brine re-injection facilities.
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