- Standard Lithium (SLI) has signed a Joint Development Agreement with Koch Technology Solutions to develop and commercialize lithium processing in the Smackover Formation
- Under the agreement, Standard Lithium and KTS will integrate the KTS Li-Pro Lithium Selective Sorption technology into a complete flowsheet solution
- Koch will also deploy and operate the technology at high levels of commercial lithium extraction, allowing Standard Lithium to accelerate the development process cost-efficiently
- Standard Lithium Ltd. (SLI) shares opened trading at $4.51
Standard Lithium (SLI) has signed a Joint Development Agreement with Koch Technology Solutions to develop and commercialize lithium processing in the Smackover Formation.
Under the agreement, Standard Lithium and Koch will integrate the KTS Li-Pro Lithium Selective Sorption technology into a complete flowsheet solution. Standard Lithium will have exclusive rights to deploy this technology at any of its projects in the Smackover Formation. Koch will also deploy and operate the technology at high levels of commercial lithium extraction, allowing Standard Lithium to accelerate the development process cost-efficiently.
Dr. Andy Robinson, Standard Lithium’s President and COO, commented that the performance guarantees for the KTS Li-Pro technology license will provide significant risk reduction for Standard Lithium and its shareholders; the partnership will help accelerate the company’s first project to commercial reality; and the exclusivity will see benefit from a second Direct Lithium Extraction (DLE) technology that works with Smackover Formation brines in addition to the company’s own proprietary LiSTR technology.
“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.”
Standard Lithium has been testing the KTS Li-Pro LSS technology since October 2022, alongside its own proprietary LiSTR technology.
Standard Lithium Ltd. is a pre-commercial lithium development company with a portfolio of projects in progress. The company’s flagship projects, the LANXESS Property Project and the South West Arkansas Project, are located in southern Arkansas.
Standard Lithium Ltd. (SLI) opened trading at $4.51.
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