STLHF - NetworkNewsBreaks - Standard Lithium Ltd. (TSX.V: SLL) (OTCQX: STLHF) (FRA: S5L) Provides Update on Demonstration Plant Operations in Relation to COVID-19 Outbreak
Standard Lithium (TSX.V: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology and lithium development company, today provided an update on the current status of its LiSTR Direct Lithium Extraction Demonstration Plant at Lanxess’ South Plant facility in southern Arkansas in relation to the ongoing COVID-19 outbreak. According to the update, the Company is actively monitoring the COVID-19 pandemic and working closely with Lanxess to implement preventative measures at the site to safeguard the health of its employees and contractors, while continuing to operate effectively and responsibly in its communities and within the greater south Arkansas brine operations. The safety guidelines follow those outlined by the U.S. Federal Government, State Government of Arkansas, the Government of Canada and the Provincial Governments of British Columbia and Ontario, while also complying with the site-specific guidance developed for the operational South Plant. To date, commissioning work at the site continues with no significant impacts beyond the implementation of additional education and safety measures; however, it is too early to predict the potential full impact of the COVID-19 crisis. The Company will provide additional updates in the near future regarding successful completion of milestones.
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About Standard Lithium Ltd.
Standard Lithium (TSXV: SLL) is a specialty chemical company focused on unlocking the value of existing large-scale US 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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