By securing access to the strategic resource through agreements with the region’s largest commercial brine operator, Standard Lithium plans to leverage the extensive existing infrastructure and permits, to fast-track the projects’ development timelines. Standard Lithium Ltd. said Thursday that it has successfully completed the start-to-finish proof of concept of its lithium processing technology. This makes Standard Lithium’s south Arkansas project the perfect location for a modern lithium chemical company. Southern Arkansas is one of the largest producers of bromine, which is … The company’s flagship project is located in southern Arkansas, where it … Chemtura Corporation was acquired by global specialty chemical company Lanxess AG in 2017. Arkansas Governor Asa Hutchinson commented, “In the two short years since Patty Cardin of LANXESS introduced me to the team of Andy Robinson and Robert Mintak of Standard Lithium, the company has moved from a big Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. Standard Lithium was recognized as a Venture 50 company in 2018.The Venture 50 logo is a trademark of TSX Inc. and is used under license. (South Ark); and a multi-cultural arts center, South Arkansas Arts Center (SAAC). Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. This process can take anywhere from eight months to greater than a year. After the water has evaporated, and other minerals have been precipitated out through the addition of chemical reagents, the remaining lithium enriched solution is transferred to a plant where additional unwanted elements are removed from the solution. Significant infrastructure, road and power. 1-604-259-2963 Bromine production followed oil production in Union County in 1957 and has continued ever since. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. TETRA Technologies operates a processing plant in the area,  Albemarle Corporation (formerly Ethyl Corporation) operates two bromine processing plants in Magnolia (Columbia County) Arkansas. When oil was discovered in south Arkansas in 1921, oil field brines were considered a worthless by-product of oil producers who had problems disposing of the brine. The Smackover Formation can produce large volumes of brine and allows for large volumes to be reinjected. El Dorado is located approximately 120 miles (190 km) from the state capital of Little Rock. Notes: All model outputs are expressed on a 100% project ownership basis** [1] Total production, using existing brine supply rates at the completion of Phase 3 [2] Plant operation commences upon completion of Phase 1 [3] Includes 25% contingency of both direct and indirect capital costs [4] Includes all operating expenditures, including sustaining capital and allowance for mine closure [5] Selling prices ranging between US$10,840-16,260/tonne were modeled as part of sensitivity analysis, ** 70/30 JV in favor of Lanxess AG with an option for Standard Lithium to achieve 40% subject to attaining certain milestones*** See news release Nov 12, 2018 - Subject to proof of concept & positive feasibility study. info@standardlithium.com. Figure 1 A few of the totes of lithium chloride product ready to be shipped from Standard Lithium’s DLE Demonstration Plant in El Dorado, Arkansas, USA up to the SiFT Pilot Plant in … The Company’s flagship project, the 150,000+ acre “Lanxess Project”, is located in the prolific and productive Smackover brine region of southern Arkansas. The property consists of 11,033 net hectares (27,262 net acres) leased by TETRA, and the resource estimate was only modeled for that footprint. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. The Arkansas Smackover lithium project is located in southern Arkansas, US, the region that houses the biggest brine production and processing facilities in North America. Standard Lithium said Monday that the Canadian-based company has engaged Zeton Inc. to design and build its full-scale, continuous operation lithium extraction pilot plant for deployment in … [2] Numbers may not add up due to rounding. region is home to North America’s largest brine production and processing facilities. Leverage the existing infrastructure and permits of operating brine facilities, Low cost power and plentiful water resources. Southern Arkansas is home to North America’s biggest brine processing industry and the largest reported lithium brine resource in the U.S. at 3.9 Million Tonnes Lithium Carbonate Equivalent or LCE. Partnerships with leading engineering and chemical companies. In the conventional process for lithium extraction from brine, the lithium-rich salt water is pumped to the surface and deposited into a series of massive ponds that occupy many thousands of acres where passive solar evaporation occurs. estimate was only modeled for that footprint. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. The Smackover Formation is an extensive porous and permeable limestone aquifer that hosts huge volumes of mineral-rich brines, as well as hydrocarbons. It is then chemically treated to create the final product of lithium carbonate, or further processed to lithium hydroxide. The Li-extraction operating as a “mini-pilot” project has run continuously for a number of weeks utilizing raw tail brine from the project and a larger modular industrial scale Demonstration Plant is expected to be deployed at Lanxess’ southern processing plant in the fourth quarter 2019. Standard Lithium 221 views 1:35 Here's Where the … A new lithium battery production operation is underway in southcentral Arkansas. A new, modern approach to how we extract and process critical minerals like lithium is overdue. Standard Lithium and global specialty chemical company Lanxess AG have signed both a binding Memorandum of Understanding (MOU) and a general Joint Venture (JV) term sheet agreement for a contemplated commercial production of battery-grade lithium compounds from brine extracted from the Smackover Formation in south Arkansas. The city was the heart of the 1920s Arkansas oil boom. Timelapse video of the progress at the Standard Lithium south Arkansas project between June 19 and Nov 1st, 2019. The removal of massive volumes of brine can also impact nearby freshwater aquifers exacerbating existing water shortages, and the evaporation process leaves huge salt tailings piles. The data used to estimate and model the resource was gathered from active and abandoned oil and gas production wells on or adjacent to the property. [5] In order to describe the resource in terms of ‘industry standard’ lithium carbonate equivalent, a conversion factor of 5.323 was used to convert elemental lithium to LCE, Top: Simplified Flowsheet, Bottom: LiSTR Demonstration Plant at Zeton fabrication facility May 2019, Highly porous aquifer stores & moves brine easily, Annual production: 20,900 tonnes lithium carbonate, Total capital expenditures estimate of US$437 Million, Non-optimised reagent cost per tonne lithium carbonate of US$3,107, All-in operating costs, including all direct and indirect costs, reagent, sustaining capital, insurance and mine-closure costs of US$4,319 per tonne of lithium carbonate, Average selling price $13,550 USD per tonne battery quality lithium carbonate, Pre-tax US$1.3 Billion NPV at 8% discount rate and IRR of 42%, Post-tax US$ 989 Million NPV an 8% discount rate and IRR of 36%, Resource upgraded to 3,140,000 tonnes Lithium Carbonate Equivalent (LCE) at the Indicated Category. info@standardlithium.com. The Smackover Formation brines are one of the largest source of bromine in the world, but the brine also contains significantly elevated levels of lithium – typically ranging from 150 to 500 mg/L. Under the proposed terms of the joint venture*, LANXESS would contribute lithium extraction rights and grant access to its existing infrastructure to the joint venture, and Standard Lithium would contribute existing rights and leases held in the Smackover Formation and the demonstration lithium extraction plant being developed as well as its proprietary extraction processes including all relevant intellectual property rights. [3] The resource estimate was completed and reported using a cut-off of 50 mg/L lithium. [1] Mineral resources are not mineral reserves and do not have demonstrated economic viability. Then, chemists from the Arkansas Geological Commission (now the, ) discovered that the Smackover Formation brines had high bromine content—seventy times greater than that of ocean water. Standard Lithium : Marks Commencement of Operations at Arkansas Plant with a Virtual Ribbon Cutting Ceremony | MarketScreener US ASSETS REQUIRE A NEW APPROACH:“The U.S. has a lot more untapped lithium resources than economically mined reserves at this point.”Brian Jaskula, USGS Mineral Commodity Specialist (2017). Preliminary Feasibility Study etc.) The data used to estimate and model the resource was gathered from active and abandoned oil and gas production wells on or adjacent to the property. Standard Lithium is in a unique position to leverage the existing brine production to fast-track the projects commercial development with the aim of building the first new U.S. lithium project in over five decades. Lanxess operates three brine processing plants in south Arkansas. Molnar is independent of the Company.About Standard Lithium Ltd. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. The ceramic adsorbent materials are mounted in stirred-tank reactors that contain the tail brine. During World War II, it became a center for the U.S. chemical industry, which still plays a key part in the local economy, as do oil and timber. . When oil was discovered in south Arkansas in 1921, oil field brines were considered a worthless by-product of oil producers who had problems disposing of the brine. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. Standard Lithium begins operations in El Dorado, Arkansas. In the second step, the adsorbent releases the lithium for recovery. resource underlies a total of 807 separate, eight brine mineral deeds which form a patchwork across Columbia, . About Standard Lithium Ltd. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. Standard Lithium Arkansas Demonstration Plant Work Progress June 19 - Nov 1 2019 - Duration: 1:35. White House Executive Order – Lithium is a Critical Mineral for the U.S. [2] Numbers may not add up due to rounding. Notes:[1] Mineral resources are not mineral reserves and do not have demonstrated economic viability. Standard Lithium’s investment will benefit the community, the region and the state of Arkansas.” Senator Tom Cotton commented, “This is a cutting-edge project that could one day make America a leading producer of lithium and that’s no small matter because the lithium produced by this plant will power the products of advanced industries from smart phones to electric cars.” There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. El Dorado is located approximately 120 miles (190 km) from the state capital of. Standard Lithium Ltd said on Monday it had signed an agreement with Lanxess AG to build a pilot plant that will process lithium from Arkansas brine, part of … About Standard Lithium Ltd. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. The Company’s flagship 150,000 acre, 3.14 Million Tonne Lithium Carbonate Equivalent (“LCE”) resource Joint Venture** “Lanxess Project” is located minutes away from the city of El Dorado, Arkansas. The Smackover Formation, more than 33,000 acres extending over Texas, Arkansas, and Louisiana, is receiving attention from Canadian-based Standard Lithium as a possible source for the production and development of lithium, which is used in the creation of … Adjacent to producing Albemarle brine leases. Standard Lithium Ltd. 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