Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, has signed a mandate with BNP Paribas (“BNP”), a global leader in the financial advisory and project financing role for battery and critical mineral projects. As a result, BNP will act as exclusive financial advisor to the company in connection with limited recourse debt financing, which will be used to fund the majority of Standard Lithium’s proposed first commercial project, the Lanxess 1A Project, located near El Dorado in southern Arkansas. “We are delighted to start this engagement with BNP Paribas,” said Dr. Andy Robinson, president of the company. “Standard Lithium is in the closing stages of the Definitive Feasibility Study (‘DFS’) for our first commercial project, the Lanxess 1A project. As we move towards commercialization, we have kicked off the necessary financial processes to ensure the most capital efficient way to fund our first full-scale project. BNP brings an excellent track record of advising and securing debt financing for similar sustainable, battery and critical mineral projects, and we look forward to working closely with them as we endeavor to secure project financing for construction anticipated to begin next year.”
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About Standard Lithium Ltd.
Standard Lithium is a leading near-commercial lithium development company with a portfolio of projects in progress. The company’s flagship Lanxess and South West Arkansas projects are located in southern Arkansas near the Louisiana state line. The company is focused on the evaluation and testing of commercial lithium extraction and purification from brine sourced from approximately 180,000 acres of leases across these two projects. The company operates a first-of-a-kind industrial-scale Direct Lithium Extraction (“DLE”) Demonstration Plant at the Lanxess property. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. A Definitive Feasibility Study (“DFS”) and Front-End Engineering Study (“FEED”) for Phase 1A of the Lanxess Project commenced in September 2022. A Preliminary Feasibility Study (“PFS”) of the South West Arkansas Project commenced in May 2022. The company is also pursuing the resource development of .other projects in the Smackover Formation in East Texas, as well as approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under the trading symbol SLI and on the Frankfurt Stock Exchange under the symbol S5L. For more information, visit the company’s website at www.StandardLithium.com.
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