Standard Lithium Reports Results for Six Month Fiscal Period Ended December 31, 2024

About this update from Standard Lithium Ltd.

[{"type":"text","content":"Standard Lithium Reports Results for Six Month Fiscal Period Ended December 31, 2024\n\n\n\n VANCOUVER, British Columbia, March 24, 2025 (GLOBE NEWSWIRE) --\n \n Standard Lithium Ltd.\n \n (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, today announced its financial and operating results for the six month fiscal period ended December 31, 2024.\n \n\n\n “The last year has been crucial for the Company as we move ever closer to a final investment decision, construction, and subsequent production at the South West Arkansas project, and continue to expand our leasehold footprint in East Texas. Our goal as we exited 2024 was to prioritize, focus, and execute, and we continue to do just that,” said David Park, Chief Executive Officer and Director of Standard Lithium. “We closed on our $225 million grant from the U.S. Department of Energy, which is a testament to the caliber of our South West Arkansas project. We completed a drilling program, conducting extensive reservoir testing that demonstrated better reservoir properties than what was previously assumed in our PFS. We also successfully completed the derisking of our DLE technology through pilot field testing, producing results that exceeded expectations and providing samples that may later be used in the qualification process for offtake discussions. With FEED and DFS taking shape and nearing completion in the summer, and preliminary offtake and financing discussions underway, we continue to press on towards a final investment decision at South West Arkansas, and continue to expand our presence in East Texas, as we move towards the preparation of a maiden inferred resource report and further project definition on that asset.”\n \n\n\n\n Highlights Subsequent to the Six Month Fiscal Period Ended December 31, 2024\n \n\n\n All amounts are in US dollars unless otherwise indicated.\n \n\n\n\n Finalized $225 million grant from the U.S. Department of Energy (“DOE”) for the South West Arkansas Project.\n \n The grant will support construction of Phase 1 of the South West Arkansas (“SWA”) project. The SWA project is expected to be one of the world’s first commercial-scale Direct Lithium Extraction (“DLE”) facilities.\n \n\...

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