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. 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. As per these guidelines, the resource was estimated in terms of metallic (or elemental) lithium. Average annual brine production between 2010 and 2016 is estimated at 42.6 million m3 (9.4 Billion US Gallons) from Arkansas Oil and Gas Commission data. 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. resource underlies a total of 807 separate, eight brine mineral deeds which form a patchwork across Columbia, . Southern Arkansas is one of the largest producers of bromine, which is … The MOU and JV agreement allow Standard Lithium to demonstrate its proprietary LiSTR direct lithium extraction technology on the premises of Lanxess southern brine processing plant. 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. 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 company’s flagship project is located in southern Arkansas, where it … Standard Lithium Featured on Critical Minerals Segment of Fox Business Networks “Mornings with Maria” Sep 21, 2020 • 2:30 PM EDT Standard Lithium Marks Commencement of Operations at Arkansas Plant With a Virtual Ribbon Cutting Ceremony Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. 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 property consists of 11,033 net hectares (27,262 net acres) leased by TETRA, and the resource estimate was only modeled for that footprint. [3] The resource estimate was completed and reported using a cut-off of 50 mg/L lithium. Standard Lithium chose south Arkansas as a key development target due to its very large resource potential, with a well-studied and documented brine deposit. The company’s flagship project is located in southern Arkansas, where it … 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. 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. 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. This is in an area where the Smackover Formation is known to be highly productive. Great Lakes Chemical Corporation merged with Crompton Corporation in 2005 to create Chemtura Corporation. 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 … Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. Lithium grades sampled were between 347 and461 mg/L. info@standardlithium.com. [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. Upon proof of concept, LANXESS is prepared to provide funding to the joint venture to allow for commercial development of the future commercial project, and it is anticipated that the joint venture will include options for Standard Lithium to participate in project funding on similar terms. The city has a nationally-recognized downtown arts district, the Murphy Arts District (MAD); a community college. El Dorado is headquarters of the Arkansas Oil and Gas Commission as well as. About Standard Lithium Ltd. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. Future-proofing production with “SiFT” artificial intelligence (AI) powered lithium carbonate crystallization technology. 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. The property consists of 11,033 net hectares (27,262 net acres) leased by TETRA, and the. 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