EL DORADO, Ark., May 09, 2023 (GLOBE NEWSWIRE) -- Standard...

EL DORADO, Ark., May 09, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, is pleased to announce that it has signed a Joint Development Agreement (JDA) with Koch Technology Solutions (KTS), an affiliate of Koch Engineered Solutions, to share data and jointly develop and commercialize integrated lithium brine processing flowsheets for Standard Lithium’s exclusive use in the Smackover Formation. The agreement will further enhance Standard Lithium’s position to build the first U.S. commercial lithium project in several decades and to begin to meet the surging demand for lithium.
The joint development relationship will also allow our project execution team to take what we learn from the Demonstration Plant at the LANXESS property in El Dorado, Arkansas, and leverage these insights as we scale to our first commercial facility and continue to develop multiple lithium projects across the Smackover Formation. In addition to the LANXESS Property Project, these include the high-grade brines of our South West Arkansas Project and our expansion into East Texas (see news release dated 28th March 2023). We are delighted to have KTS as a partner and look forward to a productive relationship.”