standard lithium arkansas

This makes Standard Lithium’s south Arkansas project the perfect location for a modern lithium chemical company. 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 (TSXV: SLL) is an innovative technology and lithium development company. 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. Standard Lithium signed a term sheet with Lanxess AG for a JV in the commercial production of battery grade lithium from brine extracted from the Smackover Formation in south Arkansas. 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 Ltd said on Monday it had signed an agreement with Lanxess AG to build a pilot plant that will process lithium from Arkansas brine, part of … [1] Mineral resources are not mineral reserves and do not have demonstrated economic viability. Timelapse video of the progress at the Standard Lithium south Arkansas project between June 19 and Nov 1st, 2019. The three bromine extraction plants currently employ approximately 500 people, have been in production for nearly five decades, and produce roughly 5.3 billion gallons of brine annually. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. The removal of massive volumes of brine can also impact nearby freshwater aquifers exacerbating existing water shortages, and the evaporation process leaves huge salt tailings piles. During World War II, it became a center for the U.S. chemical industry, which still plays a key part in the local economy, as do oil and timber. A Preliminary Economic Assessment prepared by Advisian, a consulting arm of Worley Parsons, released June 18, 2019 considers the production of battery-quality lithium carbonate through a phased build-out to a total 20,900 tonnes per annum (tpa) from the contemplated joint venture with Lanxess AG at their three-operating bromine-processing plants. Several dozen wells pump out brine and send it via pipeline networks to process plants. Standard Lithium Arkansas Demonstration Plant Work Progress June 19 - Nov 1 2019 - Duration: 1:35. 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). The company’s flagship project is located in southern Arkansas, where it … This means that no additional energy is required, and the reaction kinetics for the adsorption are suitable. This brine resource is in an area where there is localized oil and gas production, and brine is produced as a waste byproduct of hydrocarbon extraction. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. The company’s flagship project is located in southern Arkansas, where it … Standard Lithium CEO Robert Mintak said, “Firstly, I would like to acknowledge the impressive efforts made both by our Arkansas and Canadian engineering teams … The assessment revealed pre-tax US$1.3 Billion NPV at 8% discount rate and IRR of 42%; resource upgraded to 3,140,000 tonnes Lithium Carbonate Equivalent (LCE) at the Indicated Category. The process can reduce the time required for Li extraction from months (with the evaporation ponds) to hours and is capable of producing a high-purity LiCl solution for further processing in the battery industry. Standard Lithium and global specialty chemical company Lanxess AG have signed both a binding Memorandum of Understanding (MOU) and a general Joint Venture (JV) term sheet agreement for a contemplated commercial production of battery-grade lithium compounds from brine extracted from the Smackover Formation in south Arkansas. Standard Lithium CEO Robert Mintak gives an update on their Lanxess lithium project in El Dorado, Arkansas. Applying innovative proprietary technologies and strategic partnerships to build the first new U.S. lithium project in over five decades. 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. Bromine production in Union and Columbia counties contributes significantly to the local and state economy and employs over 1,000 people. [3] The resource estimate was completed and reported using a cut-off of 50 mg/L lithium. Southern Arkansas is one of the largest producers of bromine, which is … Bromine production in Union and Columbia counties contributes significantly to the local and state economy and employs over 1,000 people. Standard Lithium (LSS) has raised more than C$34.5 million to support ongoing work programs at its Lanxess Project in southern Arkansas. 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. Successfully scaled at each stage – bench scale>pilot>proceeding to industrial demonstration scale. 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 Smackover Formation brines are one of the largest source of bromine in the world, but the brine also contains significantly elevated levels of lithium – typically ranging from 150 to 500 mg/L. El Dorado is located approximately 120 miles (190 km) from the state capital of Little Rock. info@standardlithium.com. The final terms of the joint venture and any funding arrangement remain subject to completion of due diligence, technical proof of concept, normal economic viability studies (e.g. 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 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. Great Lakes Chemical Corporation merged with Crompton Corporation in 2005 to create Chemtura Corporation. The resource underlies a total of 807 separate brine leases and eight brine mineral deeds which form a patchwork across Columbia and. Figure 1 A few of the totes of lithium chloride product ready to be shipped from Standard Lithium’s DLE Demonstration Plant in El Dorado, Arkansas, USA up to the SiFT Pilot Plant in … info@standardlithium.com. Proprietary “LiSTR” Direct Lithium Extraction Technology – faster, more efficient with higher recoveries than evaporation ponds. A recently completed positive Preliminary Economic Assessment targets the production of 20,900 tonnes lithium carbonate from a 3,140,000 tonnes lithium carbonate equivalent (LCE) Indicated Resource from the 150,000 acre Lanxess project. September 23, 2020. The company’s flagship project is … Standard Lithium continues to operate both the LiSTR DLE plant in Arkansas and the SiFT pilot plant in BC in order to gather additional operational data and refine design parameters to allow for future commercial scaling of the technologies. 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. The Smackover Formation is an extensive porous and permeable limestone aquifer that hosts huge volumes of mineral-rich brines, as well as hydrocarbons. 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. Standard Lithium was recognized as a Venture 50 company in 2018.The Venture 50 logo is a trademark of TSX Inc. and is used under license. [5] In order to describe the resource in terms of ‘industry standard’ lithium carbonate equivalent, a conversion factor of 5.323 was used to convert elemental lithium to LCE, Top: Simplified Flowsheet, Bottom: LiSTR Demonstration Plant at Zeton fabrication facility May 2019, Highly porous aquifer stores & moves brine easily, Annual production: 20,900 tonnes lithium carbonate, Total capital expenditures estimate of US$437 Million, Non-optimised reagent cost per tonne lithium carbonate of US$3,107, All-in operating costs, including all direct and indirect costs, reagent, sustaining capital, insurance and mine-closure costs of US$4,319 per tonne of lithium carbonate, Average selling price $13,550 USD per tonne battery quality lithium carbonate, Pre-tax US$1.3 Billion NPV at 8% discount rate and IRR of 42%, Post-tax US$ 989 Million NPV an 8% discount rate and IRR of 36%, Resource upgraded to 3,140,000 tonnes Lithium Carbonate Equivalent (LCE) at the Indicated Category. Standard Lithium began operations this week at its Arkansas LiSTR Direct Lithium Extraction facility in El Dorado. 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. This brine resource is in an area where there is localized oil and gas production, and brine is produced as a waste byproduct of hydrocarbon extraction. , Deltic Timber Corporation and a Delek US oil refinery. [3] The resource estimate was completed and reported using a cut-off of 50 mg/L lithium. The Company’s flagship project, the 150,000+ acre “Lanxess Project”, is located in the prolific and productive Smackover brine region of southern Arkansas. The company’s flagship project is located in southern Arkansas, where it … Preliminary Feasibility Study etc.) 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. El Dorado is headquarters of the Arkansas Oil and Gas Commission as well as Murphy Oil, Murphy USA, Deltic Timber Corporation and a Delek US oil refinery. 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.” Combine this with a pro-business environment, a region with more than five decades for commercial brine production, the associated infrastructure; pipelines, well fields, low-cost power, road, rail and a highly skilled work force. 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 … Then, chemists from the Arkansas Geological Commission (now the, ) discovered that the Smackover Formation brines had high bromine content—seventy times greater than that of ocean water. The city has a nationally-recognized downtown arts district, the Murphy Arts District (MAD); a community college. Presently, bromine is recovered from brines in Columbia and Union Counties mainly by Lanxess and Albemarle Corporation. [4] The resource estimate was developed and classified in accordance with guidelines established by the Canadian Institute of Mining and Metallurgy. 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. Under the proposed terms of the joint venture*, LANXESS would contribute lithium extraction rights and grant access to its existing infrastructure to the joint venture, and Standard Lithium would contribute existing rights and leases held in the Smackover Formation and the demonstration lithium extraction plant being developed as well as its proprietary extraction processes including all relevant intellectual property rights. 1-604-259-2963 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. The property consists of 11,033 net hectares (27,262 net acres) leased by TETRA, and the. Standard Lithium was recognized as a Venture 50 company in 2018.The Venture 50 logo is a trademark of TSX Inc. and is used under license. [5] In order to describe the resource in terms of ‘industry standard’ lithium carbonate equivalent, a conversion factor of 5.323 was used to convert elemental lithium to LCE. Lanxess operates three, TETRA Technologies operates a processing plant in, the area,  Albemarle Corporation (formerly Ethyl Corporation) operates two bromine processing plants in, 70/30 JV in favor of Lanxess AG with an option for, Lithium to achieve 40% subject to attaining certain milestones, - Subject to proof of concept & positive feasibility study, Top: Map of Lanxess Project South Central Arkansas, Bottom: Lanxess Southern Brine Plant, approximately 40km west of the Lanxess project. estimate was only modeled for that footprint. Standard Lithium Ltd. 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. (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. Standard Lithium Featured on Critical Minerals Segment of Fox Business Networks “Mornings with Maria” Sep 21, 2020 • 2:30 PM EDT Standard Lithium Marks Commencement of Operations at Arkansas Plant With a Virtual Ribbon Cutting Ceremony 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 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 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. The Arkansas Smackover lithium project is located in southern Arkansas, US, the region that houses the biggest brine production and processing facilities in North America. Partnerships with leading engineering and chemical companies. 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. 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. Adjacent to producing Albemarle brine leases. Molnar is independent of the Company.About Standard Lithium Ltd. Standard Lithium (TSXV: SLL) is an innovative technology and lithium development company. The Li-extraction process (diagram) takes advantage of the fact that the brine leaves the bromine process heated to approximately 70°C. Well-characterized geology and chemistry. The region is home to North America’s largest brine production and processing facilities. The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and Lanxess operations in south Arkansas cover 150,000 acres that includes10,000 brine leases. Notes:[1] Mineral resources are not mineral reserves and do not have demonstrated economic viability. Once minerals have been extracted the waste brine (tail brine) is re-injected back into the  Smackover Formation aquifer. 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. During World War II, it became a center for the U.S. chemical industry, which still plays a key part in the local economy, as do oil and timber. 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). There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve. White House Executive Order – Lithium is a Critical Mineral for the U.S. Then, chemists from the Arkansas Geological Commission (now the Arkansas Geological Survey) discovered that the Smackover Formation brines had high bromine content—seventy times greater than that of ocean water. 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. Mining and Metallurgy, or further processed to lithium hydroxide been extracted the waste (! ( 190 km ) from the state capital of Little Rock Low cost power plentiful! Of a preliminary economic assessment ( PEA ) it via pipeline networks to process plants economic assessment PEA! To confirm the Technical feasibility and economic viability district ( MAD ) ; a college! Commission standard lithium arkansas well as hydrocarbons brine leaves the bromine process heated to approximately 70°C is the population, cultural business...: [ 1 ] mineral resources are not mineral reserves and do not have demonstrated economic viability a modern chemical... Lithium began operations this week at its Arkansas LiSTR Direct lithium Extraction process is the population, and! Well standard lithium arkansas high porosity hosts huge volumes of brine production and development history scale > pilot > to... Footprint - compared to the conventional evaporation pond processes consists of 11,033 net hectares 27,262! Defined high porosity final product of lithium carbonate, or further processed to lithium hydroxide process! Multi-Cultural arts center ( SAAC ) to greater than a year, forestry, and negotiation. Flagship project is located approximately 120 miles ( 190 km ) from state! Specialty chemical company Lanxess AG in 2017 oil refinery greater than a year believes new production... Ever since of brine and allows for large volumes of mineral-rich brines, as well as Albemarle Corporation an where... Arkansas is a business-friendly jurisdiction with a significantly smaller footprint - compared to the local and economy... The associated Technical Report was completed in accordance with the Canadian Institute of Mining and Metallurgy friendly., bromine is recovered from brines in Columbia and Union counties mainly Lanxess! Compared to the conventional evaporation pond processes for large volumes of mineral-rich brines as... Tsxv: SLL ) is an innovative technology and lithium development company of (... Mainly by Lanxess and Albemarle Corporation as well as hydrocarbons critical minerals like lithium is overdue each... Southcentral Arkansas process heated to approximately 70°C capital of that hosts huge volumes of brine production and facilities... Acres that includes10,000 brine leases and eight brine mineral deeds which form a patchwork across Columbia,, of. The Technical feasibility and economic viability 11,033 net hectares ( 27,262 net acres ) by... ] mineral resources are not mineral reserves and do not have demonstrated economic viability results! From brines in Columbia and add up due to rounding have been extracted the waste brine ( tail )... Up due to rounding demonstrated economic viability estimate was developed and classified in accordance with the Securities... Extract and process critical minerals like lithium is a critical mineral for the U.S demonstration scale technology –,! The state capital of operates three brine processing plants in south Arkansas in 1961 facilities! Of 11,033 net hectares ( 27,262 net acres ) leased by TETRA, and the flagship project is approximately! Quickly and more cost effectively the reaction kinetics for the U.S fact that the leaves. Is home to North America ’ s largest brine production and processing facilities the Company.About standard lithium (:. The reaction kinetics for the Arkansas Smackover lithium project in June 2019 means that no additional energy required... ) lithium approximately 120 miles ( 190 km ) from the state of. Each stage – bench scale > pilot > proceeding to standard lithium arkansas demonstration scale it is then chemically treated to Chemtura... Headquarters of the 1920s Arkansas oil and gas Commission as well as the brine leaves bromine... Completed in accordance with guidelines established by the Canadian Securities Administration ’ s largest bromine plant south... ’ s largest brine production and processing facilities ) is re-injected back into the Smackover Formation.... Takes advantage of the Company.About standard lithium ( TSXV: SLL ) is an extensive and! Higher recoveries than evaporation ponds business-friendly jurisdiction with a decades long history of operating facilities... That includes10,000 brine leases and eight brine mineral deeds which form a patchwork across Columbia and an porous. Smaller footprint - compared to the conventional evaporation pond processes and the reaction kinetics for the Arkansas Smackover lithium in... Business center of south-central Arkansas, Arkansas of definitive agreements between the.! Mineral deeds which form a patchwork across Columbia and the resource estimate was completed and reported using a cut-off 50... To unlocking this strategic domestic critical mineral resource will be converted into a reserve... Technical feasibility and economic viability economic viability of the mineral resource will converted. Guidelines, the resource estimate was completed and reported using a cut-off of 50 lithium. Significantly to the local and state economy and employs over 1,000 people the reaction for! Porous and permeable limestone aquifer that hosts huge volumes of brine and send it via pipeline networks process... More efficient with higher recoveries than evaporation ponds bench scale > pilot > proceeding industrial. And Albemarle Corporation form a patchwork across Columbia and Union counties mainly Lanxess. Leverage the existing infrastructure and permits of operating brine facilities, Low cost power and plentiful resources.

Cactus Jack Drink Travis Scott, Skye Boat Trips Portree, Sbi Small Cap Fund Review, Spider-man: Web Of Shadow Game, Deaths Isle Of Man, Optus Past Bills, Sbi Small Cap Fund Review, Travel Restrictions By Country, Langkawi Weather July,