Standard Lithium Ltd ( (TSE:SLI) ) just unveiled an announcement.
Smackover Lithium, a joint venture between Standard Lithium Ltd and Equinor, has successfully completed the final field-test of its Direct Lithium Extraction (DLE) technology at the South West Arkansas project. This milestone marks a significant step towards commercialization, as the field-pilot plant exceeded key performance criteria, recovering over 99% of lithium from brine. Large volumes of the DLE product have been sent to third-party vendors for conversion into battery-quality lithium carbonate, which will be crucial in the qualification process with potential off-take partners. The successful completion of this derisking step enhances Standard Lithium’s industry positioning, demonstrating their capability to reliably process brine and produce high-quality lithium products, potentially impacting stakeholders positively by advancing towards commercialization.
More about Standard Lithium Ltd
Standard Lithium Ltd is a company involved in the lithium industry, focusing on the extraction and production of lithium products. Their primary service includes the development of lithium extraction technologies, particularly Direct Lithium Extraction (DLE), aimed at producing battery-quality lithium carbonate. The company is strategically positioned in the market to address the growing demand for lithium, driven by the rise of electric vehicles and renewable energy storage solutions.
YTD Price Performance: -15.87%
Average Trading Volume: 209,232
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$326.5M
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