- Standard Lithium (SLI) has signed an agreement to advance the design of the first commercial lithium plant
- Standard Lithium completed all necessary agreements with Lanxess Corporation to secure access to the proposed commercial lithium plant site and conduct all required fieldwork to support the definitive feasibility study (DFS) underway
- Following the signing of the site access agreement, the company has commenced the site work necessary for the design of its first commercial lithium plant
- Standard Lithium Ltd. is a leading pre-commercial lithium development company with a portfolio of projects in the process
- Standard Lithium Ltd. (SLI) opened trading at $5.24
Standard Lithium (SLI) has signed an agreement to advance the design of the first commercial lithium plant.
Standard Lithium completed all necessary agreements with Lanxess Corporation to secure access to the proposed commercial lithium plant site and conduct all required fieldwork to support the definitive feasibility study (DFS) underway.
Following the signing of the site access agreement, the company has commenced the site work necessary for the design of its first commercial lithium plant.
“Our team has successfully negotiated and agreed to a key agreement with Lanxess, the site owner, to exclusively secure the required property for our commercial facilities and allow us to start working on the ground at the proposed location of the first commercial lithium project,” stated Andy Robinson, President of Standard Lithium.
The data gathered over the next few months will be vital to allow the OPD team to design the plant and locate key equipment on the large land area available to Standard Lithium at Lanxess’ South Plant facility,” he added.
The company explained that once the important ground conditions are determined and the location of key equipment can be fixed, then the engineering work to allow for connection between the Standard Lithium plant and Lanxess’ existing brine infrastructure present at the site can begin.
The site access agreement also establishes fundamental commercial plant development parameters and secures the lease area for commercial development (pending key milestones, such as a positive DFS).
This first project, designated as Phase 1A, is located at the Lanxess South Facility.
Standard Lithium Ltd. is a leading pre-commercial lithium development company with a portfolio of projects in process.
Standard Lithium Ltd. (SLI) opened trading at $5.24.