SLI - Standard Lithium signs LOI with Koch Engineered to support lithium project

Standard Lithium (NYSE:SLI) has signed a Letter of Intent with Koch Engineered Solutions for support with pre-front end engineering design (“pre-FEED”) at the company’s proposed first commercial plant located at the Lanxess facility in southern Arkansas. The intent of the LOI is to organize and use several business units under the KES umbrella to form an Integrated Project Management Team (“IPMT”) that will help Standard Lithium to execute key pre-FEED work. The IPMT will be structured to assist the company in evaluating process scale-up solutions, equipment options, preliminary engineering design, scheduling, budgeting and other project management activities relating to the first commercial lithium plant proposed at the Lanxess facility in southern Arkansas. The proposed site for the first commercial facility currently houses the company’s continuously operating pre-commercial Direct Lithium Extraction Demonstration Plant.

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Standard Lithium signs LOI with Koch Engineered to support lithium project