Standard Lithium is focused on unlocking the value of existing large-scale US-based brine resources that potentially 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 and by leveraging advances in lithium extraction technologies and processes.
The Company’s flagship project is located in southern Arkansas. The 150,000+ acre “LANXESS Project”, is in the prolific and productive Smackover brine region. By securing access to the strategic resource through agreements with the areas largest commercial brine operators Standard Lithium is able to utilize the extensive existing infrastructure, including brine supply and disposal pipelines, water, power, and a trained workforce to fast track project development timelines.
Standard Lithium ’s patent-pending rapid lithium extraction process has the potential to reduce the recovery time of extracting lithium from brine from the current industry method that takes years to as little as several hours. The process may also prove to be much more environmentally friendly with a significantly smaller footprint than the conventional processes. The company has a signed agreement to locate a demonstration-scale plant in Southern Arkansas in 2019. This novel processing approach has not yet been used to extract and process lithium from brines at a commercial scale anywhere globally.