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Standard Lithium Ltd
Symbol SLL
Shares Issued 87,594,076
Close 2019-08-22 C$ 0.87
Market Cap C$ 76,206,846
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Standard Li completes phases of plant fabrication

2019-08-22 09:18 ET - News Release

Mr. Robert Mintak reports

STANDARD LITHIUM COMPLETES FABRICATION OF PHASES 1 & 2 AND BEGINS MOBILISATION OF ITS A LISTRA DIRECT LITHIUM EXTRACTION DEMONSTRATION PLANT TO THE ARKANSAS PROJECT SITE

The fabrication of phases 1 and 2 of Standard Lithium Ltd.'s LiSTR direct lithium extraction demonstration plant is complete and the initial modules are currently being transported to the project location at Lanxess's South plant facility in Southern Arkansas. Standard Lithium has also confirmed that all the site construction works are on schedule, and the concrete slab and foundations required to locate the demonstration plant have been completed.

Fabrication and initial quality assurance/quality control testing of phases 1 and 2 of the demonstration plant have been completed (see press release dated June 2, 2019), and the modules (nine modules in phases 1 and 2) have been separated and prepared for overland shipment. The first modules are currently in transit and expected to arrive at the site next week.

All of the enabling works required at the project location at Lanxess's South plant facility in Southern Arkansas are on schedule (see press release dated June 26, 2019) and the required site drainage, foundations and concrete slab required to locate the first-of-a-kind direct lithium extraction demonstration plant have been completed. A crane has been mobilized to the site in order to move the modules from the flatbed trucks to their final installed location.

The demonstration plant is designed to continuously process an input tail-brine flow of 50 gallons per minute (or 11.4 cubed metres per hour) from the Lanxess South plant, which is equivalent to an annual production of between 100 tonnes to 150 tonnes per annum lithium carbonate equivalent. The demonstration plant is based on Standard Lithium's proprietary LiSTR technology, that uses a solid sorbent material to selectively extract lithium from Lanxess's tail brine.

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.

Dr. Andy Robinson, Standard Lithium president and chief operating officer, commented: "The Standard Lithium team and our partners continue to execute on our strategic plan to timely advance our project in Southern Arkansas. Over two years of disciplined process design and engineering work has brought us to this point, and we look forward to announcing more real milestone completions in the near future."

About Standard Lithium Ltd.

Standard Lithium is a specialty chemical company focused on unlocking the value of existing large-scale United States-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 and permitting), and by leveraging advances in lithium-extraction technologies and processes.

We seek Safe Harbor.

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