Chemtura Corporation was acquired by global specialty chemical company Lanxess AG in 2017. Standard Lithium began operations this week at its Arkansas LiSTR Direct Lithium Extraction facility in El Dorado. Leverage the existing infrastructure and permits of operating brine facilities, Low cost power and plentiful water resources. 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 … Presently, bromine is recovered from brines in Columbia and Union Counties mainly by Lanxess and Albemarle Corporation. The city was the heart of the 1920s Arkansas oil boom. Arkansas Governor Asa Hutchinson commented, “In the two short years since Patty Cardin of LANXESS introduced me to the team of Andy Robinson and Robert Mintak of Standard Lithium, the company has moved from a big 1-604-259-2963 Standard Lithium Arkansas Demonstration Plant Work Progress June 19 - Nov 1 2019 - Duration: 1:35. [4] The resource estimate was developed and classified in accordance with guidelines established by the Canadian Institute of Mining and Metallurgy. Standard Lithium continues to operate both the LiSTR DLE plant in Arkansas and the SiFT pilot plant in BC in order to gather additional operational data and refine design parameters to allow for future commercial scaling of the technologies. Adjacent to producing Albemarle brine leases. A Preliminary Economic Assessment prepared by Advisian, a consulting arm of Worley Parsons, released June 18, 2019 considers the production of battery-quality lithium carbonate through a phased build-out to a total 20,900 tonnes per annum (tpa) from the contemplated joint venture with Lanxess AG at their three-operating bromine-processing plants. Notes: All model outputs are expressed on a 100% project ownership basis** [1] Total production, using existing brine supply rates at the completion of Phase 3 [2] Plant operation commences upon completion of Phase 1 [3] Includes 25% contingency of both direct and indirect capital costs [4] Includes all operating expenditures, including sustaining capital and allowance for mine closure [5] Selling prices ranging between US$10,840-16,260/tonne were modeled as part of sensitivity analysis, ** 70/30 JV in favor of Lanxess AG with an option for Standard Lithium to achieve 40% subject to attaining certain milestones*** See news release Nov 12, 2018 - Subject to proof of concept & positive feasibility study. The final terms of the joint venture and any funding arrangement remain subject to completion of due diligence, technical proof of concept, normal economic viability studies (e.g. (South Ark); and a multi-cultural arts center, South Arkansas Arts Center (SAAC). The ceramic adsorbent materials are mounted in stirred-tank reactors that contain the tail brine. As per these guidelines, the resource was estimated in terms of metallic (or elemental) lithium. 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. A new lithium battery production operation is underway in southcentral Arkansas. 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. A new, modern approach to how we extract and process critical minerals like lithium is overdue. This entire process involves pumping millions of gallons of brine per day to the surface in some if the driest and most fragile eco-systems, the process is also very inefficient with lithium recoveries of roughly 50%, leaving much of the precious material unharvested. 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. [2] Numbers may not add up due to rounding. Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. Successfully scaled at each stage – bench scale>pilot>proceeding to industrial demonstration scale. 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. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. Standard Lithium (LSS) has raised more than C$34.5 million to support ongoing work programs at its Lanxess Project in southern Arkansas. Under the terms of the offering, the Vancouver-based development company issued 15.6 million common shares at a price of $2.20 each. The project will be a joint venture with German chemical company Lanxess, who currently operates three 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). Standard Lithium announced the results of a Preliminary Economic Assessment (PEA). The resource underlies a total of 807 separate brine leases and eight brine mineral deeds which form a patchwork across Columbia and. The region is home to North America’s largest brine production and processing facilities. 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 Ltd. Several dozen wells pump out brine and send it via pipeline networks to process plants. Standard Lithium’s patent-pending direct lithium extraction process is the key to unlocking this strategic domestic critical mineral resource. Lafayette Counties in southwestern Arkansas. 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. 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. . 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. This means that no additional energy is required, and the reaction kinetics for the adsorption are suitable. Dr. Andy Robinson gives a tour of Standard Lithium's industrial-scale demonstration plant for the direct extraction of lithium from brine. Once minerals have been extracted the waste brine (tail brine) is re-injected back into the  Smackover Formation aquifer. The assessment revealed pre-tax US$1.3 Billion NPV at 8% discount rate and IRR of 42%; resource upgraded to 3,140,000 tonnes Lithium Carbonate Equivalent (LCE) at the Indicated Category. The Company’s flagship project, the 150,000+ acre “Lanxess Project”, is located in the prolific and productive Smackover brine region of southern Arkansas. 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. 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. The city was the heart of the 1920s Arkansas oil boom. It is then chemically treated to create the final product of lithium carbonate, or further processed to lithium hydroxide. 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