STLHF - NetworkNewsBreaks - Standard Lithium Ltd. (TSX.V: SLL) (OTCQX: STLHF) (FRA: S5L) Produces First 99.9% Purity (Three-Nines) Battery Quality Lithium Carbonate
Standard Lithium (TSX.V: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium development company, today announced that it has produced its first >99.9% purity (also known as “three-nines”) battery quality lithium carbonate using the Company’s proprietary “SiFT” crystallisation technology. According to the update, this optimisation work, separate from the ongoing commissioning of Standard Lithium’s LiSTR Direct Lithium Extraction demonstration plant in south Arkansas, was performed at the University of British Columbia (“UBC”) and partially funded by a grant of $300,000 awarded to the Company and UBC by Innovate BC. “This ongoing refinement of our SiFT crystallisation technology is emblematic of Standard Lithium’s drive to bring lithium chemical processing into the 21st Century. We continue to improve the technology, in terms of performance, robustness and scalability,” Standard Lithium President and COO Dr. Andy Robinson said in the news release. “We are also finalising our efforts in terms of IP protection and the delivery of a full-scale crystallisation pilot plant to our South Arkansas Project site. The combination of the Company’s SiFT and LiSTR technologies will provide a new platform for the production of battery quality lithium compounds for current and next generation lithium-ion batteries.”
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About Standard Lithium Ltd.
Standard Lithium is a specialty chemical company focused on unlocking the value of existing large-scale U.S. based lithium-brine resources. The Company believes new lithium production can be brought on stream rapidly by minimizing project risks at selection stage (resource, political, geographic, regulatory & permitting), and by leveraging advances in lithium extraction technologies and processes. 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 Company is currently installing a first-of-its-kind Demonstration Plant that will use the Company’s proprietary technology to selectively extract lithium from LANXESS’ tailbrine. This Demonstration Plant will be used to prove commercial feasibility. The environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium.
The Company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.
Standard Lithium is listed on the TSX Venture Exchange under the trading symbol “SLL”; quoted on the OTC - Nasdaq Intl Designation under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at www.standardlithium.com.
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