The MOU and JV agreement allow Standard Lithium to demonstrate its proprietary LiSTR direct lithium extraction technology on the premises of Lanxess southern brine processing plant. Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. El Dorado is headquarters of the Arkansas Oil and Gas Commission as well as. By leveraging the existing infrastructure and operational expertise of the largest brine processing facilities in North America, Standard Lithium is leading a new wave of U.S. lithium production. 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.” 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. Lanxess operates three brine processing plants in south Arkansas. [4] The resource estimate was developed and classified in accordance with guidelines established by the Canadian Institute of Mining and Metallurgy. A new lithium battery production operation is underway in southcentral Arkansas. This is in an area where the Smackover Formation is known to be highly productive. The Company’s flagship “Lanxess Project” is in a region of southern Arkansas that is home to North America’s largest brine production and processing facilities. Lanxess extracts brine from their wells located throughout the area, and the brine is transported through a network of 250 miles of pipelines to three plants where the brine is processed for bromine recovery with the tail brine then re-injected to the aquifer. 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. The associated Technical Report was completed in accordance with the Canadian Securities Administration’s National Instrument 43-101 and all associated documents and amendments. 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. info@standardlithium.com. estimate was only modeled for that footprint. [4] The resource estimate was developed and classified in accordance with guidelines established by the Canadian Institute of Mining and Metallurgy. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. The resource underlies a total of 807 separate brine leases and eight brine mineral deeds which form a patchwork across Columbia and. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. Lithium grades sampled were between 347 and461 mg/L. 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). September 23, 2020. The city has a nationally-recognized downtown arts district, the Murphy Arts District (MAD); a community college. The region’s hydrogeology is well-documented, the large existing commercial brine production brings a significant infrastructure investment along with access to low-cost power, water, and a skilled workforce. Standard Lithium begins operations in El Dorado, Arkansas. Standard Lithium Arkansas Demonstration Plant Work Progress June 19 - Nov 1 2019 - Duration: 1:35. Chemtura Corporation was acquired by global specialty chemical company Lanxess AG in 2017. 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 finds lithium in Arkansas oil and gas wells August 28, 2018 AEN Staff Innovation Standard Lithium is also pursuing lithium brine operations in about 45,000 acres of mineral leases in the Mojave Desert in California. 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. The property consists of 11,033 net hectares (27,262 net acres) leased by TETRA, and the. Bromine production followed oil production in Union County in 1957 and has continued ever since. Standard Lithium has agreements with regional independent oil and gas producers with open, unused Smackover Formation wells in and immediately adjacent to the new lease area to gather new, high-quality lithium brine samples from the key brine production zones. (South Ark); and a multi-cultural arts center, South Arkansas Arts Center (SAAC). Standard Lithium Ltd. said Thursday that it has successfully completed the start-to-finish proof of concept of its lithium processing technology. Applying innovative proprietary technologies and strategic partnerships to build the first new U.S. lithium project in over five decades. TETRA Technologies operates a processing plant in the area,  Albemarle Corporation (formerly Ethyl Corporation) operates two bromine processing plants in Magnolia (Columbia County) Arkansas. 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. Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. Standard Lithium CEO Robert Mintak said, “Firstly, I would like to acknowledge the impressive efforts made both by our Arkansas and Canadian engineering teams … El Dorado is the population, cultural and business center of south-central Arkansas. The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. Presently, bromine is recovered from brines in Columbia and Union Counties mainly by Lanxess and Albemarle Corporation. The TETRA Project lithium brine Inferred Resource, as reported, is contained within the Upper and Middle facies of the Smackover Formation, a Late Jurassic oolitic limestone aquifer system that underlies the entire property. The Smackover Formation is an extensive porous and permeable limestone aquifer that hosts huge volumes of mineral-rich brines, as well as hydrocarbons. [3] The resource estimate was completed and reported using a cut-off of 50 mg/L lithium. Standard Lithium : Marks Commencement of Operations at Arkansas Plant with a Virtual Ribbon Cutting Ceremony | MarketScreener Upon proof of concept, LANXESS is prepared to provide funding to the joint venture to allow for commercial development of the future commercial project, and it is anticipated that the joint venture will include options for Standard Lithium to participate in project funding on similar terms. The company’s flagship project is located in southern Arkansas, where it … It is then chemically treated to create the final product of lithium carbonate, or further processed to lithium hydroxide. For the company’s south Arkansas projects, Standard Lithium has developed a proprietary process called “LiSTR” that uses a solid ceramic adsorbent material with a crystal lattice that is capable of selectively pulling lithium ions from the “tail brine” or waste brine after it … The city has a nationally-recognized downtown arts district, the Murphy Arts District (MAD); a community college, South Arkansas Community College (South Ark); and a multi-cultural arts center, South Arkansas Arts Center (SAAC). Business-friendly jurisdiction, decades of brine production and development history. to confirm the technical feasibility and economic viability of the project, and the negotiation of definitive agreements between the parties. Lithium producers must reinvent mining methods for the key metal used in rechargeable batteries to meet rising demand from the electric-vehicle industry, according to Standard Lithium … 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. The Smackover Formation can produce large volumes of brine and allows for large volumes to be reinjected. The TETRA Project lithium brine Inferred Resource, as reported, is contained within the Upper and Middle facies of the Smackover Formation, a Late Jurassic oolitic limestone aquifer system that underlies the entire property. Standard Lithium 221 views 1:35 Here's Where the … Great Lakes Chemical Corporation merged with Crompton Corporation in 2005 to create Chemtura Corporation. 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. 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. Leverage the existing infrastructure and permits of operating brine facilities, Low cost power and plentiful water resources. For the company’s south Arkansas projects, Standard Lithium has developed a proprietary process called “LiSTR” that uses a solid ceramic adsorbent material with a crystal lattice that is capable of selectively pulling lithium ions from the “tail brine” or waste brine after it has gone through the bromine-extraction step. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. This is. Bromine production followed oil production in Union County in 1957 and has continued ever since. This entire process involves pumping millions of gallons of brine per day to the surface in some if the driest and most fragile eco-systems, the process is also very inefficient with lithium recoveries of roughly 50%, leaving much of the precious material unharvested. The direct extraction process, known as “LiSTR” has the potential to vastly reduce the recovery time of extracting lithium from brine from as long as a year for conventional evaporation pond processing to just several hours. About Standard Lithium Ltd. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. This makes Standard Lithium’s south Arkansas project the perfect location for a modern lithium chemical company. Average annual brine production between 2010 and 2016 is estimated at 42.6 million m3 (9.4 Billion US Gallons) from Arkansas Oil and Gas Commission data. Standard Lithium’s patent-pending direct lithium extraction process is the key to unlocking this strategic domestic critical mineral resource. 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. Southern Arkansas is one of the largest producers of bromine, which is … The process may also prove to be much more environmentally friendly with a significantly smaller footprint - compared to the conventional evaporation pond processes. As per these guidelines, the resource was estimated in terms of metallic (or elemental) lithium. 1-604-259-2963 Notes:[1] Mineral resources are not mineral reserves and do not have demonstrated economic viability. The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine operations. Magnolia, AR (71754) Standard Lithium announced the positive results of a preliminary economic assessment (PEA) for the Arkansas Smackover lithium project in June 2019. [3] The resource estimate was completed and reported using a cut-off of 50 mg/L lithium. Standard Lithium has an option agreement with NYSE listed TETRA Technologies Inc. to acquire the rights to conduct exploration, production and lithium extraction activities on 27,262 acres of brine leases located approximately 40km west of the Lanxess project. 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 … The city was the heart of the 1920s Arkansas oil boom. Molnar is independent of the Company.About Standard Lithium Ltd. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. 1-604-259-2963 Significant infrastructure, road and power. High Porosity is present throughout the project area. Bromine production in Union and Columbia counties contributes significantly to the local and state economy and employs over 1,000 people. 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