Standard Lithium (SLI) Update - May 31

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dan_s
Posts: 34463
Joined: Fri Apr 23, 2010 8:22 am

Standard Lithium (SLI) Update - May 31

Post by dan_s »

SLI.V is on my Watch List. I am bullish on the potential of the Direct Lithium Extraction (DLE) process, but I really have no idea if it will work on a large scale. That said, I believe SLI.V, ETL.V and LBNK.V have the most potential. Volt Lithium (VLT.V) has a promising prospect, but I wonder if they have the ability to get the financing to get it across the finish line. Once, the DLE process is actually proven on a large scale commercial project, all four of these stock should draw a lot of attention.

If you watched our May 30 webinar, you should know that SLI.V's project in Arkansas is the most advanced.
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EL DORADO, Ark., May 30, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, has signed a mandate with BNP Paribas (BNP) to act as exclusive financial advisor to the Company in connection with limited recourse debt financing. The debt financing will be used to fund the majority of the Company’s proposed first commercial project, the Lanxess 1A Project, located near El Dorado in southern Arkansas. BNP Paribas is a global leader in the financial advisory and project financing role for battery and critical mineral projects.

Dr. Andy Robinson, President of the Company, commented, “We are delighted to start this engagement with BNP Paribas. Standard Lithium is in the closing stages of the Definitive Feasibility Study (DFS) for our first commercial project, the Lanxess 1A project. As we move towards commercialization, we have kicked off the necessary financial processes to ensure the most capital efficient way to fund our first full-scale project. BNP brings an excellent track record of advising and securing debt financing for similar sustainable, battery and critical mineral projects, and we look forward to working closely with them as we endeavor to secure project financing for construction anticipated to begin next year.”

Antonio Pichardo, Director at BNP Paribas, said, “We are pleased to partner with Standard Lithium for this landmark debt financing. This new project is a testament to their commitment to environmental protection and demonstrates that we can meet the growing demand for lithium. BNP Paribas is determined to strengthen our climate action, in order to help our clients and our world to face the challenges of the future. We are looking forward to helping establish Standard Lithium as a leading producer of responsible lithium for the rapidly growing electric vehicle market.”

About BNP Paribas
BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 65 countries and has nearly 185,000 employees, including more than 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

About Standard Lithium Ltd.

Standard Lithium is a leading near-commercial lithium development company with a portfolio of projects in progress. The Company’s flagship projects, the LANXESS Property Project and the South West Arkansas Project, are located in southern Arkansas near the Louisiana state line. The Company is focused on the evaluation and testing of commercial lithium extraction and purification from brine sourced from approximately 180,000 acres of leases across these two projects. The Company operates a first-of-a-kind industrial-scale DLE Demonstration Plant at the LANXESS Property Project. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium.

A Definitive Feasibility Study (DFS) and Front-End Engineering Study (FEED) for Phase 1A of the LANXESS Property Project commenced in September 2022. A Preliminary Feasibility Study (PFS) of the South West Arkansas Project commenced in May 2022. The Company is also pursuing the resource development of other projects in the Smackover Formation in East Texas, as well as approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California.

Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under the trading symbol “SLI”; and on the Frankfurt Stock Exchange under the symbol “S5L”. Please visit the Company’s website at https://www.standardlithium.com.
Dan Steffens
Energy Prospectus Group
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