EL DORADO, Ark., Could 02, 2022 (Globe NEWSWIRE) — Regular Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an ground breaking technological know-how and lithium task progress business, today introduced the commencement of a Preliminary Feasibility Review (PFS) at its South West Arkansas Lithium Venture (the “Project”), which is situated roughly 35 miles west of the Company’s Lanxess venture.
Regular Lithium a short while ago concluded a Preliminary Economic Assessment at the Challenge (see Firm information launch Nov 26, 2021), and on the foundation of optimistic undertaking economics and favorable challenge fundamentals, the Enterprise has commissioned a group of specialized gurus to entire a NI43-101 compliant PFS for the Project. The PFS will take into consideration an built-in undertaking which include brine provide and injection wells, pipelines and brine treatment method infrastructure, a Immediate Lithium Extraction (“DLE”) plant utilizing the Company’s proprietary LiSTR technological know-how, and a lithium chloride to lithium hydroxide conversion plant.
Dr. Andy Robinson, President and COO of Typical Lithium commented “adhering to the vital expenditure from Koch Strategic Platforms in Q4 2021, we have been ready to grow our team with supplemental technical and administration strength. Now we can handle and travel a number of initiatives in parallel. The graduation of this complete PFS is a testament to the Company’s ambition to not only deliver the initially new commercial lithium job into output in the United States in 6 many years, but also to have a sturdy pipeline of subsequent tasks that will provide the future demand from customers for lithium chemical compounds in North The us. We have assembled a wide team of consultants, technological advisors and subject make any difference industry experts to full all the needed operate for this PFS, and we will also be doing the job hand in hand with our strategic and challenge companions to ensure profitable execution. We anticipate to total the bulk of the operate via the harmony of 2022, with completion and reporting of the success of the PFS in Q1 2023.”
Typical Lithium has engaged Hunt, Guillot & Associates from Ruston, Louisiana (“HGA”) as the lead consultant, to put together and coordinate the PFS with assistance of a multi-disciplinary specialized crew. The operate plan to aid the PFS will consist of the next:
Reentry of existing wells across Standard Lithium’s brine lease region to obtain new representative brine samples from the Smackover Formation
Reperforation of current wells, where by feasible, to get discrete depth-distinct brine samples from earlier unsampled zones of the Smackover
Drilling of a new effectively in a vital place to total info protection throughout the Company’s brine lease region
Long period pumping tests from picked wells to test hydrogeological and reservoir circumstances for brine extraction and reinjection
Collection of substantial quantity brine samples for the duration of pumping checks to make it possible for the South West Venture brine to be processed as a result of Common Lithium’s proprietary LiSTR DLE process
Acquisition and reprocessing of further 2D seismic info across and adjacent to the Company’s brine leases
Technology of a new 3D reservoir model to identify an current in-situ lithium source, and extraction/reinjection generation designs for the business facility
Completion of a number of Pilot Scientific tests with technology companions to take a look at the lithium chloride to lithium hydroxide conversion system at ample scale and duration. These reports will be done employing LiCl produced by the Company’s running LiSTR Demonstration Plant
Current capital expenditures (AACE Class 4 estimate +45/-25%) for a comparable 30,000 tonnes per annum lithium hydroxide facility as previously contemplated by the PEA
Operating fees up to date and benefited by the info collected during 2+ a long time of continual operation of the LiSTR Demonstration Plant in Union County, Arkansas and,
Entirely updated project economics employing revised upcoming pricing for lithium hydroxide made and shipped in North The usa.
Steve Ross, P.Geol., a Certified Human being as defined by NI 43-101, has reviewed and permitted the related scientific and complex information and facts that forms the basis for this news launch. Mr. Ross is a advisor to the Organization.
About Standard Lithium Ltd.
Regular Lithium is an innovative technology and lithium improvement firm. The Company’s flagship venture is positioned in southern Arkansas, the place it is engaged in the tests and proving of the commercial viability of lithium extraction from around 150,000 acres of permitted brine operations. The Enterprise operates its to start with-of-a-form industrial-scale Direct Lithium Extraction (DLE) demonstration plant at Lanxess’s south plant facility in southern Arkansas. The demonstration plant utilizes the Company’s proprietary LiSTR know-how to selectively extract lithium from Lanxess’s tail brine. The demonstration plant is getting employed for proof-of-strategy and business feasibility experiments. The scalable, environmentally friendly system eliminates the use of evaporation ponds, lessens processing time from months to hrs and drastically will increase the powerful recovery of lithium. The Corporation is also pursuing the useful resource development of more than 30,000 acres of separate brine leases situated in southwest Arkansas, referred to as the South West Arkansas Lithium Undertaking, and close to 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.
Normal Lithium is jointly listed on the TSX Enterprise Trade and the NYSE American less than the investing symbol “SLI” and on the Frankfurt Stock Trade beneath the image “S5L”. You should visit the Company’s site at https://www.standardlithium.com.
On behalf of the Board of Standard Lithium Ltd.
Robert Mintak, CEO & Director
Neither TSX Undertaking Trade nor its Regulation Solutions Service provider (as that term is outlined in procedures of the TSX Undertaking Trade) accepts accountability for the adequacy or precision of this launch. This news launch might comprise specified “Forward-On the lookout Statements” within just the meaning of the United States Non-public Securities Litigation Reform Act of 1995 and relevant Canadian securities laws. When utilized in this information launch, the words and phrases “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other very similar phrases or expressions establish forward-hunting statements or info. These forward-searching statements or info might relate to long term prices of commodities, accuracy of mineral or source exploration action, reserves or means, regulatory or federal government demands or approvals, the dependability of third celebration facts, ongoing accessibility to mineral properties or infrastructure, fluctuations in the sector for lithium and its derivatives, modifications in exploration expenses and government regulation in Canada and the United States, and other aspects or information and facts. This sort of statements symbolize the Company’s present sights with respect to potential activities and are essentially centered upon a range of assumptions and estimates that, even though deemed sensible by the Enterprise, are inherently subject to substantial small business, financial, aggressive, political and social hazards, contingencies and uncertainties. Quite a few variables, each regarded and unfamiliar, could cause results, efficiency or achievements to be materially distinctive from the benefits, performance or achievements that are or may perhaps be expressed or implied by this kind of forward-seeking statements. The Firm does not intend, and does not believe any obligation, to update these ahead-looking statements or details to reflect adjustments in assumptions or alterations in situation or any other gatherings affections such statements and details other than as expected by relevant rules, policies and rules.
Speak to: For more facts make contact with: LHA Investor Relations David Barnard +1 415-433-3777 [email protected] [email protected] Twitter: @standardlithium LinkedIn: https://www.linkedin.com/corporation/common-lithium/