• Standard Lithium is a leading pre-commercial lithium development company with a portfolio of projects in process.
  • The Company’s flagship project, the 150,000+ acre “Lanxess Project”, is located in the prolific and productive Smackover brine region of southern Arkansas.
  • Standard Lithium was recognized as a Venture 50 company in 2018.


Standard Lithium Ltd.(TSXV: SLI) (NYSE: SLI) (FRA: S5L) is a leading near-commercial lithium company. The company’s flagship south Arkansas project is the largest and most advanced lithium brine project in the U.S. The 3.94 million tonne lithium carbonate equivalent resource, 175,000-acre project is located in a region of southern Arkansas. Standard Lithium is partnered with global specialty chemical company Lanxess AG on the project.1

Recent Developments

Standard Lithium Signs Key Agreement to Advance Design of First Commercial Lithium Plant2

Dec. 06, 2022; Standard Lithium Ltd. a leading near-commercial lithium company, is pleased to announce it has 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. Standard Lithium is also pleased to report that subsequent to signing the Site Access Agreement, the Company has commenced the site work necessary for the design of its first commercial lithium plant.


Financial Highlights

Annual Result June 30, 2022

The Company incurred a net loss of $38,100,312 for the year ended June 30, 2022 (“FY2022”) compared to a net loss of $25,434,376 for the year ended June 30, 2021 (“FY2021”).  The primary reason for the increase in loss was amortisation of the pilot plant, costs related to the operation of the pilot plant and project investigation, increased professional fees, consulting fees, management fees, office and administration, travel and increased share-based payments. These increased costs were offset by an increased gain on foreign exchange. 3

Consulting fees increased to $2,467,072 during FY2022, compared with $934,479 in FY2021 as a result of additional engagement of consultants to support and advance the company in the next stage of development and the finalization of the LANXESS negotiation, and the addition of the engagement of a lobbyist and the addition of strategic advisors.

Management fees of $2,686,780 during FY2022 increased from fees of $1,526,911 incurred during FY2021 mainly due to a bonus paid to management.  Professional fees of $779,952 were higher than fees of $711,741 during FY2021. This is mainly due to higher legal fees and audit fees incurred during the period.  Filing and transfer agent fees of $644,988 were higher than fees of $154,230 during FY2021 mainly due fees related to the volume of warrant exercises and sustaining fees for NYSE American

Office and administration cost of $2,738,483 were higher than the costs of $574,275 incurred during the comparative year mainly due to higher insurance costs, information technology costs and costs associated with the set-up of the El Dorado office in Arkansas. Advertising and investor relations costs of $477,810 were incurred during FY2022 as compared to $496,230 during FY2021 as the Company continues its efforts to raise awareness of the Company to Canadian and U.S. institutional investors. Travel costs of $345,952 incurred during FY2022 was higher than costs of $26,474 incurred during FY2021 due to the restriction of travel abroad and to the United States being loosened up and a trip made by management to the project in Arkansas.

The share-based payment during the year was $4,276,333 as compared to $4,828,614 recognized in FY2021 as share-based compensation. Pilot plant operating costs incurred during FY2022 of $9,907,473 was higher than the costs incurred of $4,596,156 during FY2021. The Company incurred $87,130 of cost associated with a PEA during FY2022 as compared with costs of $210,283 incurred during FY2021. The Company incurred $506,415 of costs related to patent applications as compared to $269,765 of costs incurred during FY2021.

As of June 30, 2022, the Company had a working capital surplus of $125,024,698 compared to a working capital surplus of $25,969,236 as of June 30, 2021.  Cash and cash equivalents at June 30, 2022 totaled $129,065,348 compared to $27,988,471 at June 30, 2021.  During the year ended June 30, 2022, the Company had a net cash inflow of $101,076,877.  Working capital increased in the current year compared to year ended June 30, 2021 mostly due to the issuance of Shares pursuant to financings and on exercise of warrants and stock options.


Business Overview

Standard is an innovative technology and lithium development company focused on the sustainable development of a portfolio of lithium-brine bearing properties in the United States utilizing proprietary Direct Lithium Extraction and purification technologies.

The Company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of commercial viability of lithium extraction from over 150,000 acres of permitted brine operations in an effort to bring the first new U.S. based lithium project in six decades into commercial production.  The Company operates its first-of-a-kind industrial-scale DLE demonstration plant at global specialty chemicals company, Lanxess Corporation’s south plant facility in southern Arkansas . The Demonstration Plant utilizes the Company’s proprietary LiSTR technology to selectively extract lithium from brine that is a byproduct of existing bromine production facilities run by LANXESS. The Demonstration Plant is being used for proof-of-concept and commercial feasibility studies. The Company is also pursuing the resource development of over 27,000 acres of separate brine leases located in southwest Arkansas.  In addition, the Company has an interest in certain mineral leases located in the Mojave Desert in San Bernardino county, California.

Arkansas Lithium Project

The Arkansas Lithium Project consists of two main areas of interest. The first is pursuant to the TETRA 1st Option Agreement to acquire certain rights to conduct brine exploration and production and lithium extraction activities on approximately 27,262 net acres of brine leases and deeds located in Columbia and Lafayette Counties, Arkansas. The second is pursuant to the Amended and Restated MOU with LANXESS to streamline and expedite the development of the first commercial lithium project in Arkansas to be constructed at the LANXESS Property.  The Amended and Restated MOU replaces the previous memorandum of understanding dated May 9, 2018 as among the Company, LANXESS and its U.S. affiliate, Great Lakes Chemical Corporation, and subsequent term sheet dated November 9, 2018 for a contemplated joint venture with LANXESS regarding the testing and proving of commercial viability of lithium extraction from brine that is produced as part of LANXESS’ bromine extraction business at its three facilities in Union County, southern Arkansas. It is a matter of public record that LANXESS operates approximately 150,000 acres of brine leases in southern Arkansas via three unitized areas.

Bristol and Cadiz Dry Lake Project

The 45,000-acre Bristol and Cadiz Dry Lake lithium brine project is located in the Mojave Desert, San Bernardino County, California. One of the most arid places in the world. Two permitted brine processing companies have operated in the region for decades, producing industrial minerals from the near surface brines. Standard Lithium has option agreements with both operators (NYSE listed Tetra Technologies, and privately held National Chloride) for the exploration of and commercial development rights for lithium.

Initial testing of the production process Standard Lithium will employ demonstrated that it can leverage the high evaporation levels in the Mojave Desert to increase concentrations from 146 mg/L to 686 mg/L in as little as seven weeks.

Company History

Standard was incorporated under the laws of the Province of British Columbia on August 14, 1998 under the name “Tango Capital Corp.”  Effective April 7, 1999, Tango Capital Corp. changed its name to “Patriot Capital Corp.”  Effective March 5, 2002, Patriot Capital Corp. changed its name to “Patriot Petroleum Corp.” On November 3, 2016, the shareholders of the Company approved a change of name of the Company to “Standard Lithium Ltd.” and to the continuance of the Company from the Business Corporations Act (British Columbia) to the Canada Business Corporations Act.  On December 1, 2016, completed the name change and continuation.


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Created by Asif Farooqui on 2022/12/12 06:55
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