Significant infrastructure, road and power. (South Ark); and a multi-cultural arts center, South Arkansas Arts Center (SAAC). This is in an area where the Smackover Formation is known to be highly productive. Standard Lithium and global specialty chemical company Lanxess AG have signed both a binding Memorandum of Understanding (MOU) and a general Joint Venture (JV) term sheet agreement for a contemplated commercial production of battery-grade lithium compounds from brine extracted from the Smackover Formation in south Arkansas. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. White House Executive Order – Lithium is a Critical Mineral for the U.S. [3] The resource estimate was completed and reported using a cut-off of 50 mg/L lithium. El Dorado is located approximately 120 miles (190 km) from the state capital of Little Rock. Once minerals have been extracted the waste brine (tail brine) is re-injected back into the  Smackover Formation aquifer. The Company’s flagship “Lanxess Project” is in a region of southern Arkansas that is home to North America’s largest brine production and processing facilities. Great Lakes Chemical Corporation merged with Crompton Corporation in 2005 to create Chemtura Corporation. A new, modern approach to how we extract and process critical minerals like lithium is overdue. The associated Technical Report was completed in accordance with the Canadian Securities Administration’s National Instrument 43-101 and all associated documents and amendments. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. The company’s flagship project is located in southern Arkansas, where it … . Southern Arkansas is home to North America’s biggest brine processing industry and the largest reported lithium brine resource in the U.S. at 3.9 Million Tonnes Lithium Carbonate Equivalent or LCE. El Dorado is headquarters of the Arkansas Oil and Gas Commission as well as. Bromine production in Union and Columbia counties contributes significantly to the local and state economy and employs over 1,000 people. Standard Lithium : Marks Commencement of Operations at Arkansas Plant with a Virtual Ribbon Cutting Ceremony | MarketScreener Standard Lithium announced the results of a Preliminary Economic Assessment (PEA). Standard Lithium CEO Robert Mintak said, “Firstly, I would like to acknowledge the impressive efforts made both by our Arkansas and Canadian engineering teams … The three bromine extraction plants currently employ approximately 500 people, have been in production for nearly five decades, and produce roughly 5.3 billion gallons of brine annually. *  70/30 JV in favor of Lanxess AG with an option for Standard Lithium to achieve 40% subject to attaining certain milestones, Standard Lithium Ltd. This brine resource is in an area where there is localized oil and gas production, and brine is produced as a waste byproduct of hydrocarbon extraction. [5] In order to describe the resource in terms of ‘industry standard’ lithium carbonate equivalent, a conversion factor of 5.323 was used to convert elemental lithium to LCE, Top: Simplified Flowsheet, Bottom: LiSTR Demonstration Plant at Zeton fabrication facility May 2019, Highly porous aquifer stores & moves brine easily, Annual production: 20,900 tonnes lithium carbonate, Total capital expenditures estimate of US$437 Million, Non-optimised reagent cost per tonne lithium carbonate of US$3,107, All-in operating costs, including all direct and indirect costs, reagent, sustaining capital, insurance and mine-closure costs of US$4,319 per tonne of lithium carbonate, Average selling price $13,550 USD per tonne battery quality lithium carbonate, Pre-tax US$1.3 Billion NPV at 8% discount rate and IRR of 42%, Post-tax US$ 989 Million NPV an 8% discount rate and IRR of 36%, Resource upgraded to 3,140,000 tonnes Lithium Carbonate Equivalent (LCE) at the Indicated Category. The ceramic adsorbent materials are mounted in stirred-tank reactors that contain the tail brine. In the second step, the adsorbent releases the lithium for recovery. Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium … info@standardlithium.com. The TETRA Project lithium brine Inferred Resource, as reported, is contained within the Upper and Middle facies of the Smackover Formation, a Late Jurassic oolitic limestone aquifer system that underlies the entire property. The company’s flagship project is located in southern Arkansas, where it … When oil was discovered in south Arkansas in 1921, oil field brines were considered a worthless by-product of oil producers who had problems disposing of the brine. Under the terms of the offering, the Vancouver-based development company issued 15.6 million common shares at a price of $2.20 each. Standard Lithium Ltd said on Monday it had signed an agreement with Lanxess AG to build a pilot plant that will process lithium from Arkansas brine, part of … The city has a nationally-recognized downtown arts district, the Murphy Arts District (MAD); a community college, South Arkansas Community College (South Ark); and a multi-cultural arts center, South Arkansas Arts Center (SAAC). The property consists of 11,033 net hectares (27,262 net acres) leased by TETRA, and the resource estimate was only modeled for that footprint. Successfully scaled at each stage – bench scale>pilot>proceeding to industrial demonstration scale. About Standard Lithium Ltd. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. resource underlies a total of 807 separate, eight brine mineral deeds which form a patchwork across Columbia, . [5] In order to describe the resource in terms of ‘industry standard’ lithium carbonate equivalent, a conversion factor of 5.323 was used to convert elemental lithium to LCE. Standard Lithium Ltd. said Thursday that it has successfully completed the start-to-finish proof of concept of its lithium processing technology. Standard Lithium signed a term sheet with Lanxess AG for a JV in the commercial production of battery grade lithium from brine extracted from the Smackover Formation in south Arkansas. Lanxess operates three brine processing plants in south Arkansas. This process can take anywhere from eight months to greater than a year. By securing access to the strategic resource through agreements with the region’s largest commercial brine operator, Standard Lithium plans to leverage the extensive existing infrastructure and permits, to fast-track the projects’ development timelines. A new lithium battery production operation is underway in southcentral Arkansas. A recently completed positive Preliminary Economic Assessment targets the production of 20,900 tonnes lithium carbonate from a 3,140,000 tonnes lithium carbonate equivalent (LCE) Indicated Resource from the 150,000 acre Lanxess project. The resource underlies a total of 807 separate brine leases and eight brine mineral deeds which form a patchwork across Columbia and. Business-friendly jurisdiction, decades of brine production and development history. Combine this with a pro-business environment, a region with more than five decades for commercial brine production, the associated infrastructure; pipelines, well fields, low-cost power, road, rail and a highly skilled work force. Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. [2] Numbers may not add up due to rounding. Dr. Andy Robinson gives a tour of Standard Lithium's industrial-scale demonstration plant for the direct extraction of lithium from brine. Adjacent to producing Albemarle brine leases. Then, chemists from the Arkansas Geological Commission (now the Arkansas Geological Survey) discovered that the Smackover Formation brines had high bromine content—seventy times greater than that of ocean water. Bromine production followed oil production in Union County in 1957 and has continued ever since. For the company’s south Arkansas projects, Standard Lithium has developed a proprietary process called “LiSTR” that uses a solid ceramic adsorbent material with a crystal lattice that is capable of selectively pulling lithium ions from the “tail brine” or waste brine after it has gone through the bromine-extraction step. Preliminary Feasibility Study etc.) Standard Lithium CEO Robert Mintak gives an update on their Lanxess lithium project in El Dorado, Arkansas. Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. The data used to estimate and model the resource was gathered from active and abandoned oil and gas production wells on or adjacent to the property. The project will be a joint venture with German chemical company Lanxess, who currently operates three Lanxess operations in south Arkansas cover 150,000 acres that includes10,000 brine leases. US ASSETS REQUIRE A NEW APPROACH:“The U.S. has a lot more untapped lithium resources than economically mined reserves at this point.”Brian Jaskula, USGS Mineral Commodity Specialist (2017). El Dorado is headquarters of the Arkansas Oil and Gas Commission as well as Murphy Oil, Murphy USA, Deltic Timber Corporation and a Delek US oil refinery. Standard Lithium began operations this week at its Arkansas LiSTR Direct Lithium Extraction facility in El Dorado. Southern Arkansas is one of the largest producers of bromine, which is … Leverage the existing infrastructure and permits of operating brine facilities, Low cost power and plentiful water resources. The Li-extraction operating as a “mini-pilot” project has run continuously for a number of weeks utilizing raw tail brine from the project and a larger modular industrial scale Demonstration Plant is expected to be deployed at Lanxess’ southern processing plant in the fourth quarter 2019. Chemtura Corporation was acquired by global specialty chemical company Lanxess AG in 2017. Proprietary “LiSTR” Direct Lithium Extraction Technology – faster, more efficient with higher recoveries than evaporation ponds. El Dorado is the population, cultural and business center of south-central Arkansas. The Li-extraction process (diagram) takes advantage of the fact that the brine leaves the bromine process heated to approximately 70°C. The direct extraction process, known as “LiSTR” has the potential to vastly reduce the recovery time of extracting lithium from brine from as long as a year for conventional evaporation pond processing to just several hours. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. Standard Lithium begins operations in El Dorado, Arkansas. Standard Lithium was recognized as a Venture 50 company in 2018.The Venture 50 logo is a trademark of TSX Inc. and is used under license. Standard Lithium was recognized as a Venture 50 company in 2018.The Venture 50 logo is a trademark of TSX Inc. and is used under license. Southern Arkansas is a business-friendly jurisdiction with a decades long history of operating chemical, oil & gas, forestry, and manufacturing industries. By leveraging the existing infrastructure and operational expertise of the largest brine processing facilities in North America, Standard Lithium is leading a new wave of U.S. lithium production. The TETRA Project lithium brine Inferred Resource, as reported, is contained within the Upper and Middle facies of the Smackover Formation, a Late Jurassic oolitic limestone aquifer system that underlies the entire property. Standard Lithium’s patent-pending direct lithium extraction process is the key to unlocking this strategic domestic critical mineral resource. Standard Lithium has an option agreement with NYSE listed TETRA Technologies Inc. to acquire the rights to conduct exploration, production and lithium extraction activities on 27,262 acres of brine leases located approximately 40km west of the Lanxess project. The city has a nationally-recognized downtown arts district, the Murphy Arts District (MAD); a community college. As per these guidelines, the resource was estimated in terms of metallic (or elemental) lithium. The process may also prove to be much more environmentally friendly with a significantly smaller footprint - compared to the conventional evaporation pond processes. The region is home to North America’s largest brine production and processing facilities. , Deltic Timber Corporation and a Delek US oil refinery. Lanxess operates three, TETRA Technologies operates a processing plant in, the area,  Albemarle Corporation (formerly Ethyl Corporation) operates two bromine processing plants in, 70/30 JV in favor of Lanxess AG with an option for, Lithium to achieve 40% subject to attaining certain milestones, - Subject to proof of concept & positive feasibility study, Top: Map of Lanxess Project South Central Arkansas, Bottom: Lanxess Southern Brine Plant, approximately 40km west of the Lanxess project. Figure 1 A few of the totes of lithium chloride product ready to be shipped from Standard Lithium’s DLE Demonstration Plant in El Dorado, Arkansas, USA up to the SiFT Pilot Plant in … The Smackover Formation, more than 33,000 acres extending over Texas, Arkansas, and Louisiana, is receiving attention from Canadian-based Standard Lithium as a possible source for the production and development of lithium, which is used in the creation of … [4] The resource estimate was developed and classified in accordance with guidelines established by the Canadian Institute of Mining and Metallurgy. During World War II, it became a center for the U.S. chemical industry, which still plays a key part in the local economy, as do oil and timber. The Arkansas Smackover lithium project is located in southern Arkansas, US, the region that houses the biggest brine production and processing facilities in North America. Notes:[1] Mineral resources are not mineral reserves and do not have demonstrated economic viability. Future-proofing production with “SiFT” artificial intelligence (AI) powered lithium carbonate crystallization technology. 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. Timelapse video of the progress at the Standard Lithium south Arkansas project between June 19 and Nov 1st, 2019. TETRA Technologies operates a processing plant in the area,  Albemarle Corporation (formerly Ethyl Corporation) operates two bromine processing plants in Magnolia (Columbia County) Arkansas. Brine leaves the bromine process heated to approximately 70°C Smackover Formation is innovative. Ceramic adsorbent materials are mounted in stirred-tank reactors that contain the tail )! 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