SLI - Standard Lithium signs joint development pact with Koch

2023-05-09 09:47:56 ET

Standard Lithium ( NYSE: SLI ) +5.1% in early trading Tuesday after saying it signed a joint development agreement with Koch Engineered Solutions to share data and jointly develop and commercialize integrated lithium brine processing flowsheets for Standard Lithium's exclusive use in the Smackover Formation.

Standard Lithium ( SLI ) said the agreement will enhance its position to build the first U.S. commercial lithium project in several decades.

The company said it will integrate Koch's KTS Li-Pro Lithium Selective Sorption technology into a complete flowsheet solution, and will have exclusive rights to deploy the technology at any of its projects in the Smackover Formation under a license agreement.

More on Standard Lithium:

• See financial and valuation comparisons to sector peers
• SA analysis: Standard Lithium: Down But Not Out
• Stock price return: Up 22% YTD, down 33.5% in the past 12 months

For further details see: